Sentences with phrase «death benefit period ends»

2After the initial death benefit period ends the death benefit will begin to decrease while your premium payment amount remains the same.

Not exact matches

After level term period ends, the death benefit decreases but premium amount remains level.

It permits you to claim a portion of your death benefits should you incur a «terminal illness» where you life expectancy will end within one year or some other period as defined in the policy / rider.

Should the insured pass away before monthly payout period ends, remaining death benefit is paid to the designated beneficiary as authorized by the owner

The ROR is the interest rate that, based on assumed ART rates, keeps the death benefits of the two programs the same and equates the cash value and sidefund at the end of the period studied.

Return of Premium Insurance in this case provides a refund for all or some of the premiums you paid for the Term Life Insurance at the end of the term if no death benefit was paid out during the coverage period.

This means that the life insurance policy purchased to fund the death portion of the buy - sell agreement can not be transferred to the disabled owner or dropped until the end of the installment period, because the death benefit will be needed to complete the transaction in the event of death during the buyout period.

Essentially, if the insured were to die in the first few years of the policy, the policy's beneficiary would receive all the premiums that were paid, plus earned interest, but the beneficiary would not receive the policy's death benefit until the waiting period has ended.

After your initial level benefit period ends, your guaranteed death benefit will begin to decrease while your premium payment amount remains level.

Once the initial two - year period has ended, the full amount of the stated death benefit will be received if the insured should die.

Other insurers may pay a percentage of the death benefit if you pass away before the end of the graded benefit period.

If the insured is alive at the end of your term period, then the beneficiary does not receive the payout of the death benefit.

Family income Benefit: Under this rider, 1 % of sum assured is will be paid every month for a guaranteed period of 10 years or till the end of the rider term whichever is higher, if the life assured dies due to the accidental death or becomes totally and permanently disabled due to an accident.

Family income Benefit: In this plan, 1 % of sum assured is will be paid every month for a guaranteed period of 10 years or till the end of the rider term whichever is higher, if the life assured dies due to the accidental death or becomes totally and permanently disabled due to an accident.

The return of premium feature will generally provide for a refund of all or some of the premiums you paid for the term insurance at the end of a level term period or at end of the term coverage period if no death benefit was paid out during that period.

In the end, HDFC emerges as the best choice overall because it offers limited premium waiver, survival - benefits and good rates for women.As 71 % of all cancer - related deaths take place between the ages of 30 and 69, the 20 year coverage period is likely to take care of most of your needs.

10 % of Sum assured benefit after death till maturity period and at the end of policy Sum assured + vested bonus + FAB is beneficial to the customer.

(2) On the payment of the last monthly income / lump sum benefit amount at the end of the Benefit Pay out period, orbenefit amount at the end of the Benefit Pay out period, orBenefit Pay out period, or death.

o Monthly Income Benefit: In case of death of the life insured during the policy term, the nominee is entitled to receive the monthly income that starts from the date of death till the end of the policy term, subject to a guaranteed payout for a minimum period of 36 months.

It expires at a certain age or after a certain period of time (say, 30 years), and provides a specific death benefit amount to your loved ones if you pass away before the term ends.

There are some misrepresentations of facts that are grounds for denying or reducing a death benefit, even if they're discovered after the contestability period has ended, Weisbart says.