Sentences with phrase «death benefit to the beneficiaries at»

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.

It provides a death benefit to your beneficiaries at the face value of the policy.

Not exact matches

The basic features of variable annuities include tax - deferred growth, 1 choice of professionally managed investments, optional benefits (available at an additional charge), that can help protect your investment from market declines, 2 choice of payout options and a death benefit to help you provide for your beneficiaries.3

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

It'll have all the information you need: the name of the beneficiary, the number at which to contact the life insurance company, and the amount of the death benefit.

At its most basic, life insurance provides a sum of money, called a death benefit, to the beneficiary of a life insurance policy upon the death of the insured.

At death, the entire face amount, which is composed of the base death benefit and investment, is paid to the beneficiary tax - free.

After all, like life insurance, you pay a premium for it in exchange for a benefit to be paid to your beneficiary at your death.

Life products have several options which will ultimately affect the overall value of the policy to you while you are living (cash value) and the value to your beneficiaries at your passing (death benefit).

Whether you are the sole breadwinner, one half of a joint - income couple, or a stay - at - home - parent, a term life insurance death benefit (the funds that your beneficiaries will receive upon your passing) can do much more than add a temporary boost to family finances and pay for funeral and burial expenses.

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.

Paying back these loans is optional; however, any portion of the loan that is not repaid at the time of the insured's death will decrease the amount of death benefit proceeds that are paid out to the beneficiary.

Survivor Benefits for the spouse who was married to the primary beneficiary at the date of death

The primary purpose of obtaining any kind of life insurance is so that there'll be a death benefit available to your beneficiaries at the time of your death.

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.

At the death of the key person, your business (the policy beneficiary) will file a claim with the insurance company to receive the death benefit.

Death benefit A death benefit is the amount paid to the beneficiary at the time of the death of the insDeath benefit A death benefit is the amount paid to the beneficiary at the time of the death of the insdeath benefit is the amount paid to the beneficiary at the time of the death of the insdeath of the insured.

The coverage amount payable to your beneficiary at the end of your life, called your death benefit, usually has a maximum limit of around $ 25,000.

The court held the ex-wife was entitled to receive the survivor benefits from her ex-husband's IRA because she was listed as beneficiary at the time his death.

If you do have a loan outstanding on such a policy at the time of your death, this loan reduces the benefit amount to a beneficiary.

Should you die while the policy is in force, your beneficiaries will receive not only your the initial face value as a death benefit, but also it's common for dividends to buy additional insurance by way of what are called «paid up additions», so the death benefit could actually be higher than the face value at the purchase of the policy.

If no beneficiaries are living at the insured's death, the benefit will be paid to the owner or estate of owner.

At this point, the death benefit will be paid to the beneficiary.

If he were to die at age 50, his beneficiary would receive his death benefit of $ 500,000, plus the cash value * of the account, $ 200,000.

It is, however, important to note that if there is an unpaid balance at the time of the insured's death, the unpaid amount will be charged to the death benefit amount that is paid out to the named policy beneficiary.

At your death, the loan will be paid off from a portion of the death benefit, while the remainder will go to your beneficiaries.

If the insured dies at any point during the term, the full value of the death benefit will be given to the beneficiaries.

The Treasury Department and the IRS considered whether to prescribe a special rule under which a QLAC could provide for a pre-annuity-starting-date death benefit to a non-spouse designated beneficiary and also allow the designated beneficiary to be changed at any time before the annuity starting date.

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 loan can stay in place until you die, and at that time the loan is paid off by the collateral, and the death benefit is paid to your beneficiary.

It is important to note, however, that even though a withdrawal or a loan is not required to be paid back, if there is an unpaid balance in the cash - value component of the policy at the time of the insured's death, then the amount of that balance will be charged against the death benefit that is paid out to the policy's beneficiary.

If a policy loan isn't repaid, interest can significantly cut into the death benefit, which can put the policy at risk of not providing any money to beneficiaries.

This rider enables your spouse, if he or she is the sole primary beneficiary, to continue your policy upon your death as the new owner, at a potentially higher policy value that includes any amount that would be payable under the Enhanced Beneficiary Benbeneficiary, to continue your policy upon your death as the new owner, at a potentially higher policy value that includes any amount that would be payable under the Enhanced Beneficiary BenBeneficiary Benefit Rider.

Beneficiary: The person named in the policy to receive the death benefits at the death of the insured.

Term insurance is usually the least expensive and pays out a guaranteed benefit to the beneficiaries at the time of death.

Review your beneficiaries, take a look at your death benefit, your premiums and if your policy is set to lapse or expire.

The policy beneficiary or beneficiaries can be a person or entity and is designated to receive the policy proceeds or death benefits at the insured's death.

If there are three different people at the three points, then the death benefit could count as a taxable gift to the beneficiary.

For example, if you and your spouse were to die at the same time, a car accident for example, and you named no contingent beneficiary, i.e. back - up beneficiary, then your policy's death benefit would go to your estate.

(It is important to note, though, that any unpaid loan balance at the time of the insured's death will go against the amount of the death benefit that is paid out to the policy's beneficiary).

For instance, if a married couple purchased life insurance on each other and at a later date they divorced, they would still continue to serve as each other's beneficiary if one were to die, and would still be eligible to collect the contract's death benefit.

The coverage amount payable to your beneficiary at the end of your life, called your death benefit, usually has a maximum limit of around $ 25,000.

It'll have all the information you need: the name of the beneficiary, the number at which to contact the life insurance company, and the amount of the death benefit.

The policyholder can nominate a person (the beneficiary) to receive the Death Benefit in the event of the demise of the life insured or make a change in nomination at any time during the tenure of the plan, provided the plan is in force, by submitting a written request to the insurance company.

A contingent beneficiary is the individual (s) designated to receive a death benefit in the event the primary beneficiary (ies) is / are no longer living at the time the insured or annuitant dies.

If at 85 you bought a life insurance policy and died at 94, years removed from the first 2 years of policy activation, your beneficiaries will still have to wait a year probationary period before being paid death benefit.

However, if this same person dies at age 55, the insurance company is required to pay the policy's death benefit to his beneficiary.

Paying back these loans is optional; however, any portion of the loan that is not repaid at the time of the insured's death will decrease the amount of death benefit proceeds that are paid out to the beneficiary.

By purchasing life insurance, you gain the assurance that your insurer will pay a death benefit to your named beneficiaries upon your death (as long as your policy is still in force at that time).

It is important to note, though, that any unpaid balance at the insured's death will go against the amount of the death benefit that is paid out to the beneficiary.