Sentences with phrase «death benefit protection period»

An accelerated death benefit rider of up to $ 250,000 is included at no extra charge and policyholders are given the option to select a specific death benefit protection period.

An accelerated death benefit rider of up to $ 250,000 is included at no extra charge and policyholders are given the option to select a specific death benefit protection period for added flexibility.

Not exact matches

BUY TERM LIFE AND INVEST THE REST Term life provides a level premium and a death benefit protection for a set period of time.

Term Life Insurance: A life insurance product that provides death benefit protection for a specified period of time.

Term life insurance is generally less expensive and is designed to provide pure death benefit protection for a specific period of time.

Seg funds are simply a special kind of mutual fund with three extra features thrown in (for a fee, of course): (1) A certain amount of creditor protection, as they are considered as insurance policies (2) Downside protection in the form of a promise to return 75 % to 100 % of capital in a certain number of years, usually ten and (3) a death benefit that allows the beneficiary to redeem the fund at the purchase price in the event of death within the 10 year period.

Term life insurance provides death benefit protection for a certain time period — usually 10, 15, 20, 25 or 30 years.

Term Life Insurance: A life insurance product that provides death benefit protection for a specified period of time.

This policy allows you to select death benefit protection for a specific period.

Whole life policies provide a lifetime death benefit protection, unlike term life insurance which is for a set period of time.

A term policy with streamlined underwriting, living benefits and term death benefit protection in periods of 10, 15, 20 and 30 years.

Term insurance is designed to provide temporary protection for risk of premature death and pays a benefit if the insured dies within the established term period.

The Basic Term Life Insurance Policy provides death benefit protection for 15 years — and throughout this period of time, the death benefit coverage will remain level.

In this type of Term Life Insurance, the amount of the death benefit protection decreases over the term period, while premium sums usually remain the same.

Get guaranteed death benefit protection with customizable durations — either for a specific time period or your lifetime.

Whole Life insurance can be blended with term insurance to increase the death benefit protection, for a period of time, or permanently.

Level Term Life Insurance DEFINITION: it is a valuable, cost efficient tool that enables the user to insure his or her life in order to provide financial protection for his or her beneficiaries for a guaranteed set period of time, offering a guaranteed death benefit and level premium payment during the term.

Term Life Definition: Term life provides pure death benefit protection for a specific period of time (typically 10, 15, 20 or 30 years).

Income Protection Agreement — provides an irrevocable settlement option, that pays the death benefit over a period of years, which provides for greater cash accumulation and a benefit stream for beneficiaries (rather than a lump sum).

With a term life insurance plan, the policyholder's monthly payment is the same throughout a set time period — or «term» — such as 20 or 30 years, in return for a stated amount of death benefit protection should they pass away during the time that the policy is in force.

You pay for pure death benefit protection for a certain period, without cash value accumulation.

Protection - focused permanent life insurance: Offers a death benefit for an indefinite period.

The amount of the death benefit protection you purchase will decrease over the term period.

Specifically, West Coast Life provides term and term - like life insurance, which provide protection for a certain period of time, universal life insurance, which provides life - long insurance but with particular premium requirements that need to be met; Survivor Life Insurance, which covers the lives of two persons who are insured, and the death benefit is given when the last of these two persons insured dies; and annuities, which are insurance contracts, which payments can be set regularly to aid in meeting the needs of people saving for their retirement.

Term life insurance provides death benefit protection for a period of one or more years.

Option B - Income Protection Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of policy.

In the pure protection plan, if the insured dies within the policy period, the death benefit is paid to the nominee and the policy terminates.

Term life insurance provides death benefit protection for specified periods of time.

It provides a non-taxable death benefit, less expensive premiums, and protection for a specific period of time.

Term life insurance is designed to provide death benefit protection for a specific number of years and Term Pro + is available with level premium periods in 10 -, 15 -, 20 -, 25 -, and 30 - year durations.

They mitigate their exposure when offering guaranteed issue life insurance policies through protection waiting periods, lower death benefits, higher premiums, or coverage that cancels at a set age.