Sentences with phrase «death benefit payment options»

The customer can choose out of the 3 death benefit payment options under all the 3 benefit options (Benefit Option 1: Life Cover, Benefit Option 2: Life Cover with «Basic Health Cover» and Benefit Option 3: Life Cover with «Comprehensive Health Cover)

In this post let us understand about — Key features of iProtect Smart plan, details about various plan options, information on accidental death benefit & Critical illness benefit, death benefit payment options, enhanced protection at key life stages (like marriage, child birth etc.,) and review on iprotect smart insurance plan.

Not exact matches

After annuity income payments begin, any death benefit payable will be based on the annuity option you have chosen.

For some people, an annuity is a good option because it can provide regular payments, tax benefits and a potential death benefit.

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

Borrower benefits: RISLA offers its borrowers options like loan forgiveness in the case of death or permanent disability, forbearance for up to 12 months for borrowers who go back to school, and co-signer release after 24 months of on - time payments

Fixed annuities offer a standard death benefit of a lump sum payment or withdrawals under an income option of the full value of the contract at time of death.

However, thanks to premium offset options, you can continue to make premiums payments or have your dividends pay your life insurance premiums, to further grow your cash value and death benefit to age 100.

Another variable that determines your indexed universal life insurance premium payments is the death benefit option you choose.

One thing that seniors might consider is a single premium option which is a lump sum payment into a policy in return for a certain amount of death benefit.

This is a more flexible option that allows you to change your premium payments and your payout amount (death benefit) as your life or needs change.

An MVA will not apply if a payment option is elected that provides annuity payments for five years or longer, to pay a Death Benefit, or if the Confinement / Terminal Illness Waiver of Surrender Charge requirements are met.

With the cash refund payout option (also known as the death benefit), you are guaranteed that any principal (premium paid into the contract) not yet returned through income payments will be returned to your beneficiary upon your passing.

Guaranteed universal life insurance is an attractive option for many that bridges that gap of financial insecurity, allowing policy holders to lock in a guaranteed death benefit and premium payments while providing flexibility and stability for households.

If you still need some coverage and qualify, you may have the option to retain a portion of your death benefit and eliminate your ongoing premium payments.

The best thing about RiverSource's universal life insurance policies are the flexible options that allow you to change premium payments and adjust your death benefit.

Universal life insurance, also known as Flexible Premium Adjustable Life Insurance, has flexible premiums with a minimum and maximum payment option, while giving you the option to change the death benefit within certain guidelines set forth in the contract.

LTCSO allows the owner of the AAFMAA policy the option of converting the death benefit on an eligible insured life — normally payable only upon the death of the insured — into regular periodic payments prior to death, specifically to defray the cost of nursing home, custodial or home health care for the insured.

It also works out well as a single premium life insurance policy option, where you make one lump sum payment for a lifetime death benefit.

It differs from whole life insurance because you are in the driver's seat when it comes to choosing your death benefit, saving options, and even premium payment.

The Income Protection Option (IPO) allows a different death benefit payment other than a lump sum.

While life insurance policies provide for a single payment of the death benefit, policies may also offer other payout options that are intended to fit your needs and those of your family.

If you die on active duty, SGLI will allow your family to receive an extra $ 150,000 payment up to the maximum allowed coverage of $ 400,000, so you have the option to pay for a lower coverage amount and still receive the full $ 400,000 death benefit depending on the circumstances.

AutoMaster Plus provides expanded auto coverage to possessions inside the vehicle that may be damaged in an accident, such as a laptop, cell phone, and child safety seat replacement option, pet injury protection, personal belongings coverage, glass chip payment and death benefits.

Universal life can provide you with a variety of different payment options, including a flexibility of changing your death benefits, as well as the potential to accumulate cash value over time.

The death benefit payable will be the amount higher of the Sum Assured or 10 times the annual premium or 105 % of total premiums paid till the date of death for regular premium payment option and higher of Sum Assured or 125 % of the Single Premium paid under the Single Premium payment option.

If the chosen Benefit Payment Preference is Save - n - Gain under any of the plan option, in case of death or critical illness suffered by the insured during the tenure of the plan, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and 50 % of the premiums are paid by the company towards the plan and 50 % to the beneficiary on every premium due date and the plan continues.

This is a more flexible option that allows you to change your premium payments and your payout amount (death benefit) as your life or needs change.

An MVA will not apply if a payment option is elected that provides annuity payments for five years or longer, to pay a Death Benefit, or if the Confinement / Terminal Illness Waiver of Surrender Charge requirements are met.

After annuity income payments begin, any death benefit payable will be based on the annuity option you have chosen.

It's just that such life insurance coverage offers lean benefits packages, much leaner death benefit payment sums, non-flexible policy options and severely restricted terms of coverage.

Currently the most popular option is probably the Ten Pay Whole Life Policy - which has death benefit that lasts forever, yet only ten annual payments.

As long as sufficient premium payments are made on a timely basis (exactly as illustrated), no unscheduled loans or partial withdrawals are taken, no increase in face amount or changes in death benefit options are made, and policy loan value does not exceed the policy's cash surrender value, the insurance coverage will remain in effect.

After your initial payment, you have the option of reducing or increasing the amount of your death benefit.

If you want a flexible plan that allows you to build cash value, change your premium payments, and adjust your death benefit, then universal life may be a good option for you.

The increasing death benefit option on universal life insurance works by building cash value in addition to the death benefit, instead of using the cash value to offset the payment of the death benefit claim.

This policy offers flexible premium payments and death benefit options, including the ability to use cash value as a future financial cushion for things like retirement income and / or paying off debts.

Annuity payments are a second death benefit option.

Beneficiaries have the option to receive death benefit proceeds either in the form of a lump sum, one - time payment, or as a continuation of monthly or annual annuity payments paid directly to them.

This option makes the most sense after premium payments are no longer due for a life insurance policy and there is no need to increase the death benefit through the purchase of additional paid up coverage.

Whole life insurance does give the policy owner the option of using dividend payments to purchase additional paid up insurance, so hypothetically a whole life policy can have an increasing death benefit over time if this dividend option is chosen.

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Another endorsement — the Income Protection Option (IPO)-- will allow the policy owner to choose a specific form of payout for the policy's death benefit, including either a lump sum at various times or monthly payments to the beneficiary, at the time of policy issue.

If using the joint and survivor life income annuity option, the beneficiary will be permitted to annuitize the death benefit payments structured upon two or more individual lives.

Provides an option to accelerate a portion of the available death benefit and receive a payment (s) if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses.

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Accelerated Death Benefit - Provides an option to accelerate a portion of the eligible death benefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is requiDeath Benefit - Provides an option to accelerate a portion of the eligible death benefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is reqBenefit - Provides an option to accelerate a portion of the eligible death benefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is requideath benefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is reqbenefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is required).

The premium payment is annual for 30 years of the policy tenure In case of all the above 9 options, the death benefit amount will be paid in lump sum on diagnosis of terminal illness.

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