Sentences with phrase «death benefit payout if»

Contingent beneficiaries will only receive the death benefit payout if no primary or secondary beneficiaries remain alive when the death of the insured occurs.

Meaning there is no death benefit payout if you die within the first two years.

Accidental Death Benefit Agreement — additional death benefit payout if death is due to an accident.

Not exact matches

AD&D insurance is similar to a life insurance policy in that both offer a death benefit, but your beneficiary wouldn't receive a payout if you died due to an illness.

If you get an annuity contract worth $ 100,000 then the death benefit payout will be $ 100,000.

All death benefits terminate upon age 95 and will expire sooner if you initiate an annuity payout option (annuitize).

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Accidental death and dismemberment coverage can also act as a living benefit, as the dismemberment coverage provides a payout if you receive certain injuries in an accident.

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.

If your beneficiary tries to claim the death benefit and the insurer finds out you died from a previously undisclosed alligator - wrestling avocation, the insurer could recalculate your premiums to the amount it believes you should have been paying and subtract that amount from the payout.

A death benefit payout could help maintain a certain standard of living, but the surviving spouse probably won't struggle with her necessary expenses if he or she has an income stream of their own.

If you have a life insurance policy, a payout of the death benefit is preceded by a claim providing a death certificate.

While it can put stress on a loved one to try to handle burial planning and the associated costs during an emotional time, they'll be able to keep whatever remains of the payout if the total costs are less than your death benefit.

AD&D insurance is similar to a life insurance policy in that both offer a death benefit, but your beneficiary wouldn't receive a payout if you died due to an illness.

The death benefit payout could be doubled if you are killed while on a common carrier such as a plane, bus, taxi, or train.

With hybrid long - term care life insurance policies you get a death benefit payout along with the option to use the policy if you are faced with the need for qualifying long - term care services.

Accidental death and dismemberment coverage can also act as a living benefit, as the dismemberment coverage provides a payout if you receive certain injuries in an accident.

Allows the insured to access the death benefit payout while still living if he / she is diagnosed with terminal illness and needs to use the cash to cover the costs of care.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

As with all life insurance coverage, if you die while the policy is in force your beneficiary receives a death benefit payout.

If you are diagnosed as terminally ill with 12 months to live, the rider will allow you to access your death benefit payout in advance.

If the insured can not perform two of those six, they will receive a monthly payout based on the death benefit.

An accelerated death benefit (ADB) payout allows the insured to access a portion of the death benefit in advanced if he or she is diagnosed withe a qualifying terminal illness or chronic illness.

The death benefit is not the main focus when implementing the concept of infinite banking but it does provide a leveraged payout in the early years, if you die prematurely.

With this coverage, your family will get the payout (called the death benefit), even if you live to be well over 100.

For life insurance policies that pay death benefits in the form of a lifetime payout, the portion of the payout that is not subject to tax if the policy has no refund provision or stated time period guarantee which is determined by dividing the amount of the death benefit by the life expectancy of the beneficiary.

If you die during the term, the life insurance death benefit payout goes to your beneficiary.

If you die before the policy's end date, your beneficiary will receive the payout as a death benefit.

Your beneficiaries are the people or entities that would receive the payout, or death benefit, if you pass away during the period of coverage.

If you die, whoever you named beneficiary on your life insurance policy will get the death benefit or payout.

A life insurance policy is a contract between you and an insurance company that provides your named beneficiaries with a death benefit payout upon your death (if your policy is in good standing).

Without the optional death benefit, insurers will generally keep the premiums paid if the annuity owner dies, even if payouts have not yet begun and the contract is terminated.

If your beneficiaries don't know about the policy, they won't know to claim the death benefit you've been paying for all this time, and having easy access to the policy will help them claim the payout as soon as possible.

However, if a beneficiary elects to go with an installment plan for the life insurance payout, the total death benefit will accrue interest over the years.

While it can put stress on a loved one to try to handle burial planning and the associated costs during an emotional time, they'll be able to keep whatever remains of the payout if the total costs are less than your death benefit.

If you die during that term, your beneficiaries get a payout, known as the death benefit.

During the waiting period, the insurer will not payout a death benefit if you pass away for any reason besides an accident.

If he dies as a result of a car accident, his beneficiary would receive the $ 500,000 life insurance benefit plus the $ 1 million accidental death benefit for a total payout of $ 1.5 million.

This rider will payout an additional death benefit if you pass away specifically because of an accident.

If you pass away during this time, United Home Life will not payout the death benefit.

For example, if you purchased a guaranteed issue whole life policy with a graded death benefit for $ 10,000, the payout if you died in year 1 may be 100 % of premiums paid in plus 20 %.

For example, a refund of premium (cash back option) if you outlive your term policy, and additional death benefit payouts for death caused by certain types of accidents.

While a 10 to 20 year term may save you premium over the long run (and offer additional death benefit beyond your mortgage), this type of policy works if your only real purpose for the benefit payout is to coverage the remaining principal on your home when you pass.

If your beneficiary tries to claim the death benefit and the insurer finds out you died from a previously undisclosed alligator - wrestling avocation, the insurer could recalculate your premiums to the amount it believes you should have been paying and subtract that amount from the payout.

This includes a waiting period and often a decreased payout within the first two years of policy ownership, not having access to enough death benefit if you need a larger policy, and some no exam policies do not provide coverage for those over a certain age.

However, if a beneficiary elects to go with an installment plan for the life insurance payout, the total death benefit will accrue interest over the years.

If your beneficiaries don't know about the policy, they won't know to claim the death benefit you've been paying for all this time, and having easy access to the policy will help them claim the payout as soon as possible.

If you were to die unexpectedly during that specific term, your beneficiaries would receive a set payout (known as the death benefit) as specified on your policy.

If you die during that window (usually 10, 20 or 30 years), your beneficiary receives a payout (the ominous death benefit).

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