Sentences with phrase «death benefit rider which»

If the sum insured is more than 18 years of age, such person can opt for accident death benefit rider which is optional.

If the insured is more than 18 years of age, such person can opt for accident death benefit rider which is optional.

The policy includes an accelerated death benefit rider which will pay you a lump sum if you are diagnosed with a qualifying terminal illness.

This can include accidental death benefit rider which will provide an addition to the sum assured on death due to an accident.

The insurance comes with an accelerated death benefit rider which pays out early if the insured is diagnosed with a terminal illness and given less than 12 months or if the insured is confined to a nursing home for more than 90 days and is expected to remain confined for the duration of the insured's life.

The policy includes an accelerated death benefit rider which will pay you a lump sum if you are diagnosed with a qualifying terminal illness.

Life insurance companies also offer the waiver of premium rider as well as the accidental death benefit riders which you can attach to these policies.

Not exact matches

However, these days only a handful of insurers offer LTC insurance, so another option may be life insurance with an LTC rider, which allows families to tap into the benefits they would receive upon the policyholder's death while he or she is alive and requires care.

The business value protection rider allows owners to increase the death benefit as the value of the business increases, which may be suitable for buy - sell agreements and key person insurance.

For purposes of this post, it just needs to be understood that we can bridge the deficiency of not having enough coverage in our banking policy with a term rider, which can be used to add convertible term life insurance (which results in an increase to the death benefit).

Flex Pay PUA Rider — Paid - up additions riders allow you to pay additional premium into your policy to purchase additional participating whole life insurance, which increases your death benefit and cash value.

Accident death benefit rider is available with most of the term plan but Disability risk cover is not provided, which I believe is an important risk cover.

The rider meets the definition of accelerated life insurance death benefits under IRC § 101 (g)(1)(b), which typically allows the chronic illness benefit to be income tax free.

You can include a paid - up additions rider in your policy, which allows you to make purchases of paid - up additional insurance with no proof of insurability, increasing the cash value and death benefit proportionately.

One of the most unique riders Primerica offers is an increasing benefit rider, which allows you to increase the death benefit of your policy up to 10 % per year for 10 years.

It's also known as a type of living benefit rider because, as opposed to a death benefit — which gets paid out upon your death — the benefit is paid while you're still living.

Long - term care riders and accelerated death benefit riders, which we'll talk about next, are sometimes called the same thing at life insurance companies.

The policy can also include a terminal illness rider, which allows the insured to receive a portion of the policy's death benefits if he or she becomes terminally ill.

There are also additional optional benefits and riders, which include a waiver of premium, children's insurance, accidental death benefit, and / or a guaranteed option to purchase additional insurance.

The life insurance companies also offer solutions such as chronic illness riders AND long term care riders, which allow a portion of the policy death benefit to be used for long term care costs while also preserving a portion of the death benefit coverage.

Some examples include accidental death benefit, which pays double the face amount for accidental deaths, and child term rider, which adds coverage to the child of the insured.

You also have the option of adding the Chronic Illness Plus rider, which allows 100 % of the death benefit to be accessed if you qualify.

The accidental death benefit is payment due to the beneficiary of an accidental death insurance policy, which is often a clause or rider connected to a life insurance policy.

Family income rider income is paid out in addition to the death benefit, which beneficiaries receive at the time of the insured's death.

This type of coverage comes with a free accelerated death benefit rider, which allows policyholders to receive a portion of their death benefit in case they fall terminally ill.

Option to Purchase Paid - Up Additions Rider A rider which allows you to increase your death benefit protection and build more cash value.

The goal of the IPO rider is to pay out the death benefit over a longer period of time to protect the beneficiary from the typical lump sum, which essentially amounts to a «blank check».

Long - term care riders and accelerated death benefit riders, which we'll talk about next, are sometimes called the same thing at life insurance companies.

This article defines an Accelerated Death Benefit rider and presents common medical situations for which it may be used while you are alive, such as for a chronic illness or terminal medical condition

This handy rider gives you the power to increase the size of the death benefit on your current policy without having to undergo a new medical exam, which is great if you're over 35 or have developed new health issues since you last bought life insurance.

(see example below) Certain riders, such as Accidental Death benefit may exist, which would potentially increase the benefit.

In addition to the base term life insurance policy — which will oftentimes cover an individual for $ 50,000 of death benefit coverage — there may be the option to add an Aflac Accidental Death Benefit rdeath benefit coverage — there may be the option to add an Aflac Accidental Death Benefitbenefit coverage — there may be the option to add an Aflac Accidental Death Benefit rDeath BenefitBenefit rider.

In the opposite way, the availability of the accelerated death benefit rider might mean being able to avoid a viatical settlement, which would ultimately yield a lower total amount of benefit.

In case of the Accidental rider, benefit is not payable for death from accidents which are self - inflicted or due to civil commotions, riots, war, participation in hazardous sport activities, criminal activities or if death occurs 6 months after the accident.

For a $ 250,000 policy for a 40 year old male, an Accidental Death Benefit rider for an additional $ 250,000 of coverage in case of accident (for a total of $ 500,000) would cost between $ 150 - $ 250 depending on which life insurance company you choose.

The other rider you want to make sure you have is accelerated death benefit rider, which will advance up to 50 % of the death benefit if you have 12 months or less to live.

PruLife Return of Premium Term offers the Living Needs Benefit rider at no additional cost which will allow you to have access to your death benefits if you become terminally ill, become confined to a nursing home or require an organ transplant.

They also offer a couple valuable riders, such as the waiver of premium rider and accidental death benefit rider, as well as the accelerated death benefit rider, which pays up to 50 % of the death benefit while you are still living if a physician diagnoses you with a terminal illness.

With riders which pay out early, it's essential to learn how they may impact the death benefit paid to beneficiaries.

PruTerm WorkLife 65, offers the Living Needs Benefit rider at no additional cost which will allow you to have access to your death benefits if you become terminally ill, become confined to a nursing home or require an organ transplant.

Living Needs Benefit Rider is available at no cost, which means that if you become terminally ill, this rider will accelerate your death benefit to help pay for expenses such as long - term care facilities or nursinBenefit Rider is available at no cost, which means that if you become terminally ill, this rider will accelerate your death benefit to help pay for expenses such as long - term care facilities or nursinbenefit to help pay for expenses such as long - term care facilities or nursing home.

Most policies allow you to get an accidental death benefit rider, which for example would double your coverage if your death was caused by an accident.

An accident death benefit rider pays out an additional death benefit to the beneficiary which is above and beyond that of the normal policy face amount.

One of the more beneficial riders you can have attached to your policy is the accelerated death benefit rider, which aids the primary insured while they're still -LSB-...]

The Accidental Death Benefit Rider is also referred to as the famous Double Indemnity rider which I am sure most everyone has heard of.

This policy also has long - term care rider, which allows you to accelerate your death benefit and receive up to 2 % of your total face value per month to pay for qualified long - term care expenses such as in - home care, adult daycare, or care in a long - term care facility.

They offer 4 riders which are the Critical Illness Benefit, Chronic Illness Benefit, Terminal Illness Benefit, Unemployment Rider and Accidental Death.

If you're buying a new life insurance policy, consider a cost - of - living rider, which authorizes your insurance company to increase your death benefit based on increases in the Consumer Price Index.

Another rider is the Accidental Death Benefit Rider, which will increase your death benefit if your death is the result of an acciDeath Benefit Rider, which will increase your death benefit if your death is the result of an acBenefit Rider, which will increase your death benefit if your death is the result of an accideath benefit if your death is the result of an acbenefit if your death is the result of an accideath is the result of an accident.

There are also additional optional benefits and riders, which include a waiver of premium, children's insurance, accidental death benefit, and / or a guaranteed option to purchase additional insurance.