Sentences with phrase «death benefit to the beneficiary»

It is quite different from term insurance, which covers you for set number of years and only pays death benefits to your beneficiaries.

Term life is bought for a given amount of time, typically between 5 and 30 years, and provides death benefits to your beneficiaries if you should pass during the term.

The insurance company pays out a lump sum death benefit to the beneficiary of the policy upon the death of the insured.

It may not provide return of the premiums paid during the tenure, but in case of the policyholder's demise, the policy provides death benefit to the beneficiary.

However, your life insurance remains in force and will pay a lump sum death benefit to your beneficiary when you die.

The company pays out a lump sum death benefit to the beneficiary of the policy upon the death of the insured.

These policies are relatively cheap and pay out a tax - free death benefit to your beneficiaries if you die before the end of the policy term.

If you pass away during this period of time, the insurer wouldn't pay the full death benefit to your beneficiary.

Term life insurance covers you for a specific period of time, such 10 or 25 years, and pays out death benefits to your beneficiaries if you pass away during the term.

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.

If you have not repaid the loan and you pass away, your policy will pay out a reduced death benefit to your beneficiaries based on the amount of your loan.

In most cases, whole life policies pay a tax - free death benefit to beneficiaries when the insured dies.

It is quite different from term insurance, which covers you for set number of years and only pays death benefits to your beneficiaries.

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.

While these life insurance products generally provide death benefits to beneficiaries, they work in different ways to suit different insurance needs.

Besides paying a income tax free death benefit to your beneficiary, life insurance provides several benefits to you, the owner and insured.

If you pass away during this period of time, the insurer wouldn't pay the full death benefit to your beneficiary.

So, even if the entire death benefit is advanced due to long term care needs, the policy will still pay a lump sum death benefit to your beneficiary when you die.

Term insurance is limited in what it can do for you; it can only pay out death benefits to your beneficiaries when you die.

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.

The insurance company will pay death benefits to the beneficiary after deducting the unpaid premium.

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 would offer a total death benefit to her beneficiary of $ 11,437 when she passed (7 multiplied by $ 1,621).

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.

They may pay out a miniscule death benefit to your beneficiaries after your passing.

After a certain amount of time, stipulated in the policy, the accumulated cash can be used for loans or other purposes while you are living, or can be an increased death benefit to your beneficiaries.

Accidental Death Benefit Rider: Provides an accidental death benefit to your beneficiary if you lose your life due to injuries sustained in a covered accident.

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.

Indexed universal life insurance provides death benefits to the beneficiaries of the IUL owners.

Act of war exclusions protect insurance companies from having to pay death benefits to beneficiaries if the insured person dies as an act of war.

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.

The term plan covers the death risk and promises to offer a lump sum death benefit to the beneficiaries of the insured in case of any mishap during a specific period of time.

So, even if the entire death benefit is advanced due to long term care needs, the policy will still pay a lump sum death benefit to your beneficiary when you die.

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.

However, your life insurance remains in force and will pay a lump sum death benefit to your beneficiary when you die.

Universal life is a tax favored vehicle, providing for tax free policy loans, income tax free death benefit to your beneficiary, and tax deferred cash value growth.

An accident death benefit rider pays out an additional death benefit to the beneficiary (that's above the current benefit limit of the policy) if you should die as a result of an accident.

This would offer a total death benefit to her beneficiary of $ 11,437 when she passed (7 multiplied by $ 1,621).

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 the insured dies without repaying the loan, the insurer will provide death benefits to the beneficiaries after deducting the due amount and interest rate.

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.