Sentences with phrase «death benefit rider simply»

An accelerated death benefit rider simply gives you the option to receive a portion of the death benefit early if you're diagnosed with a qualifying illness.

An accelerated death benefit rider simply gives you the option to receive a portion of the death benefit early if you're diagnosed with a qualifying illness.

Not exact matches

It is important to understand that many traditional life insurance policies (including term, whole and universal) simply offer what's called an accelerated death benefit or critical illness rider.

These riders simply guarantee a yearly increase in the annuity death benefit amount each year for a certain time period.

Put simply, the rider (at an additional cost) allows for an accelerated pay out of a part of the death benefit even when the insured person is alive, if he or she is diagnosed with a critical illness.