The insurance company pays a specified amount of money /
death benefit to the beneficiary of the insurance policy owner upon his death, as stated earlier in the policy agreement.
In both examples, term life insurance would provide an ample
death benefit to the beneficiaries at a much lower cost than permanent life insurance, which may not be within the financial reach of these buyers.
In both examples, term life insurance would provide an
ample death benefit to the beneficiaries at a much lower cost than permanent life insurance, which may not be within the financial reach of these buyers.
This rider lets the policy owner take part of the death benefit to pay for nursing home care and home health care of the insured person, while still leaving at least a
partial death benefit to the beneficiaries.
If you have accumulated a sizable cash value over the life of your permanent life insurance policy and do not intend to use these funds yourself, you may choose to leave a
larger death benefit to your beneficiaries.
Permanent insurance, including whole life and universal life insurance, lasts for as long as you continue to pay your premiums and will pay out
death benefits to your beneficiaries if you pass away.
Many people find hybrid policies more attractive than traditional LTC plans because they provide a
full death benefit to beneficiaries if you never need to use the long term care benefits.
This means that the insurer has a restriction where they will not pay
out death benefits to a beneficiary if you were to die in the first 2 years when the policy comes into effect.
This rider lets the policy owner take part of the death benefit to pay for nursing home care and home health care of the insured person, while still leaving at least a
partial death benefit to the beneficiaries.
Since the insurer is guaranteed to pay
a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.
Many people use a cash value life insurance policy to save for their retirement and to provide
a death benefit to their beneficiaries.
If you die within that specific period of time, the life insurance carrier pays
a death benefit to your beneficiaries.
It provides
a death benefit to your beneficiaries, and also builds a cash value.
If you have life insurance and you've been keeping up with your premiums, when you die the life insurance company will pay out
a death benefit to your beneficiaries.
Life insurance pays
a death benefit to the beneficiary when the insured dies.
Not only will the policy pay a lump sum
death benefit to your beneficiary, but the death benefit can also be accessed early due to terminal illness.
Since the insurer is guaranteed to pay
a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.
Term life insurance provides coverage for a specific period of time and pays out
a death benefit to the beneficiary if the policyholder dies within the term of the policy.
Phrases with «death benefit to one's beneficiaries»