Sentences with phrase «death benefit which»

This is a Death Benefit which is payable at a higher rate than the Widow's, Widower's or Surviving Civil Partner's Contributory Pension.

A life insurance for seniors over 80 provides quotes for a death benefit which can be used to cover the costs of a burial ceremony.

Continuing from the previous point, Metlife Final Expense insurance policy will also have a graded death benefit which means that the death benefit will not be active until a certain amount of time after you open the policy.

In case of death of the Annuitant within the Policy Tenure, the nominee will receive the Total Premiums paid to date accumulated at a Guaranteed Rate of 6 % p.a. compounded annually as Death Benefit which can be taken by the nominee as a lumpsum or as annuity and the policy terminates.

The death benefit which is received by the C corp may generate an alternative minimum tax for the corporation.

Death Benefit in Bhandari's case: If Mr Bhandari passes away, the Death Benefit which is the total of «Sum Assured on Death «+ Vested Simple Reversionary Bonuses + Final additional bonus, if any, shall be payable to the nominee.

If the Annuitant dies within the policy tenure, the higher of Fund Value or 101 % of single premium + Top Up (if any) is accumulated as Death Benefit which can be taken by the nominee as a lumpsum or as annuity

The Living Promise Graded Benefit policy comes with a two year graded death benefit which provides that if the insured dies in the first two years, the death benefit payout will equal all premiums paid plus 10 %.

There is also an option to «annuitize» the death benefit which is generally desirable for a special needs trust.

In case of death of the Annuitant within the Policy Tenure, the higher of Fund Value or 101 % of single premium + Top Up (if any) is accumulated as Death Benefit which can be taken by the nominee as a lumpsum or as annuity.

Cash value is a portion of your policy's death benefit which has become liquid.

In case of the unfortunate death of the Life Insured, the nominee gets the Death Benefit which is as defined below for different Policy terms.

Term plans offer death benefit which is equal to the sum assured opted, by the policyholder during the policy term.

On the death of the life assured, the nominee will receive the death benefit which is the Assured Death Benefit of 101 % of all regular premiums paid to date.

Every child plan either unit linked or traditional offers death benefit which is Sum Assured in the case of the traditional child plan and higher of two (Sum Assured or Fund Value) in case of the unit linked child plan.

Firstly, there may be a graded death benefit which means that you will need to surpass a certain date before the full death benefit becomes available.

In case of death of the Annuitant within the Policy Tenure, the nominee will receive 101 % of Total Premiums paid till date + Bonuses, subject to a minimum of 105 % of total premiums paid till date as Death Benefit which can be taken by the nominee as a lumpsum or as annuity.

As long as you aren't insulin - dependent, there shouldn't be a graded death benefit which means that the death benefit will be available from the very first day.

If the death of the sum insured has occurred after 5 years from the date of policy, Death benefit which is equal to 110 % of basic sum assured + Loyalty additions (if any) would be paid.

On the death of the life assured, the nominee will receive the death benefit which is the assured Death Benefit of total premiums paid to date accumulated at a guaranteed rate of 6 % per annum compounded annually.

However, even if the account value goes down, modern Variable policies will have a contract level death benefit which will be guaranteed.

And guaranteed issue life insurance policies will contain a graded death benefit which will place limitations on when your life insurance policy will begin covering your for «natural» causes of death.

The plan comes with an additional death benefit which is Rs. 50 lakh or the base amount, whichever is lower, will be paid in case of death due to accident.

This is why they the created the graded death benefit which basically states that as long as you are alive 2 to 3 years (depending upon which insurance company you choose) after initially purchasing your life insurance policy, you will be covered for both accidental and natural causes of death.

A form of Life Insurance that provides a death benefit which declines throughout the term of the life insurance policy, reaching zero at the end of the term.

Additionally, Pinnacle MYGA also provides a death benefit which will be the same amount as the account value.

And guaranteed issue life insurance policies will contain what is called a graded death benefit which will limit when your policy will begin covering natural causes of death.

The plan offers guaranteed 115 % of the sum assured as maturity / death benefit which is payable under the policy benefits.

Death benefit which is the higher of either 10 times of annualized premium or the absolute sum assured amount

The whole life policy provides a level guaranteed death benefit which is usually free of Federal Income Taxes.

In case of demise of the policyholder during the term of the policy, then the death benefit which is equal to the summation of «Sum Assured on Death», Simple Reversionary Bonuses, and Final Additional bonus (if any) will be given to the beneficiary.

The death benefit which is payable under this HDFC pension plan will be the amount which will be higher among the fund value on the date of death or 105 % of premiums paid till death

The policyholder enjoys the Guaranteed Death Benefit which is payable to the person nominated at the time of the death of the policyholder.

but I have one concerned in death benefit which they offering on this three point.

Death Benefit: In case of death of the insured during the policy period, TATA AIA iRaksha Supreme Term insurance plan will pay your nominee death benefit which is higher of:

That being said, if you buy a whole policy with a $ 500K death benefit which gains value and increases over time to have a cash value of $ 100K and a death benefit of $ 600K, you can take cash out the $ 100K to keep and use however you want and your death benefit will go back down to $ 500K.

Unlike life insurance contracts that provide a death benefit which is non-taxable to beneficiaries, annuities paid to an estate incur what is called «income in respect to a decedent ``.

This type of endowment plan enables the insurer to pay a death benefit which is equal to the sum assured at the beginning of the endowment plan.

Death Benefits: On the death of the policyholder, the beneficiary or nominee will receive the death benefit which will be decided when the policy commences.

In that case, the aggregate of the monthly incomes payable discounted @ 5 % per annum would be payable along with the death benefit which is 12 times the monthly incomes in the year of death.

This is because a life settlement provider will pay the policy owner a percentage of the policy's death benefit which in most cases can be substantially more than the amount of the cash value that is in the plan's cash value component.

His wife, who is his nominee, receives the Death Benefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shown below.

The nominee has the option to take a Lump Sum Death Benefit which will be equivalent to the value of outstanding payouts, discounted at a compound interest rate of 6.25 % per annum.

In case of an unfortunate event of demise, your nominee will get the death benefit which is the higher of the sum assured or the fund value at that time.

Many term policies include a terminal illness rider or accelerated death benefit which allows a portion of the coverage to be taken out early for the insured's use due to a diagnosis of being terminally ill.

Another advantage of this policy is dependant on the carrier but many offer a guaranteed death benefit which means that the death benefit amount that goes to your beneficiaries is guaranteed to happen.

In other words, your plan starts with a death benefit which, over time, drops down as life obligations fall away.

There is also an Accelerated Death Benefit which covers, Critical, Chronic and Terminal Illness, and they include the below things:

Their plan, the «Living Promise», provides a level death benefit which is immediately available upon death (No 2 year waiting period).

Term life is a very basic form of life insurance coverage, with a stated premium and death benefit which last as long as you choose.