Sentences with phrase «death benefit payout while»

• The family of the deceased owner receives income from the life insurance death benefit payout while preventing those family members from becoming inadvertent business partners unless those were the wishes of the deceased partner.

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.

Not exact matches

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.

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 a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

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

This can eventually build into a zero - cost policy, where all premiums can be paid from the cash value that has built up, while still keeping the same payout amount (death benefit).

In the event the insured meets certain criteria, the policy will payout a portion of the death benefit to the insured while living.

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.

For spouses, this is an excellent option as it allows one to gain death benefit protection in the event of the death of the other while at the same time increasing the monthly pension payout at retirement.

While most lump - sum payout plans have a fixed Sum Assured benefit, some may offer higher or lower benefit depending on the time of death.

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.

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.

While mortgage life insurance works in much the same manner as a regular life insurance policy does, with the payout of death benefits upon death of an insured, in many instances, these types of policies will only require a minimal amount of underwriting for approval.

If you should die while term life insurance is in place, your beneficiaries will receive a death benefit, or a payout.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

The life assured while buying the plan can opt the death benefit payout either as lump sum payout or installment.

Your term life insurance premiums guarantee one very specific thing: a set death benefit payout in the event of your death only while your policy is active.

on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.These riders» critical / terminal illness payout is tax - exempt, and beneficiaries also receive the left over face value, untaxed, upon the policyholder's passing.

While most increasing term insurance plans pay a lump sum benefit on death, there are some plans, which have been recently launched which have a monthly or annual income payout.

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

For example, if you have a $ 100,000 pension spousal benefit and a $ 100,000 life insurance death benefit side by side, the pension payout becomes more like $ 70,000 after taxes, while the life insurance payout holds at $ 100,000.)

While the term life insurance offers a death benefit payout (which you can tailor to fit your family's needs), it does not offer a cash value account within the policy.

All insurance riders offered within variable contracts and policies fall into one of two categories; living benefit riders generally guarantee some sort of defined payout while the insured or annuitant is still alive, while death benefit riders protect against declines in contract values due to market conditions for beneficiaries.

With insurance products like whole life insurance, the insurance carrier must set aside a significant portion of the paid premiums as a reserve to pay for the future death benefit payout, and that death benefit will be paid if the insured continues to pay premiums until he or she dies while the insurance policy is «In Force».

Term life insurance provides a payout (a death benefit) to your beneficiaries if you pass away while your policy is in effect.

Term life provides a payout («death benefit») to your beneficiaries if you die while your policy's term (the length of your policy) is in effect.

Either way you will always get some payout on death benefit, while under a term life insurance policy, the possibility always exists that the policyholder will outlive their policy, and lose all of the money the paid in.

While receiving the Death Benefit in monthly installments, the beneficiary can also choose at a future date to commute all outstanding payouts and receive the present value of future outstanding payouts as a lumpsum as provided under the commutation option.

Term life provides a death benefit (a payout) to your beneficiary (your spouse) if you die while your policy's term (the length of your policy) is in effect.