Sentences with phrase «death benefits»

Accelerated death benefits are also known as «living benefits» since you are able to use portions of your policy's death benefit while you are still alive.

All optional death benefits are available at an additional cost.

All death benefits terminate upon age 95 and will expire sooner if you initiate an annuity payout option (annuitize).

* Some premiums and death benefits increase over time.

Alternatively, you can find variable annuities with enhanced death benefits.

Death benefits are tax - free so long as you're below federal and state estate exemption levels, which is the case for most households as the federal exemption level is approximately $ 5.5 million and only 18 states impose estate or inheritance taxes.

(2) And as part of your contract with an insurance company, you can also receive income guarantees and death benefits.

Optional death benefits are available for an additional fee and may cause the Fixed Account Options to be unavailable.

These changes are not significantly affected by economic developments, with the exception of changes in the interest rate forecast on federal employees» future benefits, such as pensions, death benefits, etc..

MarketProtector offers the benefits of a traditional fixed annuity, such as guaranteed minimum interest, death benefits, and retirement income options such as IncomeAccelerator, which is an optional income benefit for an additional charge.

Elite Choice also offers traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, combined with the potential for additional interest linked to the return of an index.

Death benefits payable directly to beneficiaries, avoiding the delays and costs of probate court.

On the other hand, if you have severe enough health problems to not qualify for term life insurance, mortgage life insurance will offer larger death benefits than many alternatives.

However, permanent life insurance solutions that focus on providing lifetime guaranteed death benefits, such as these, are typically less expensive than other types of permanent life insurance that emphasize savings opportunities.

And life insurance policies with limited underwriting, such as simplified issue or guaranteed acceptance policies, regularly restrict death benefits to be less than $ 100,000 to $ 250,000.

No medical exam whole life insurance is typically used as a form of final expense insurance, as coverage is lifelong and death benefits are generally limited to a maximum of $ 25,000 or $ 50,000.

Unlike life insurance, annuity death benefits are taxed as ordinary income on any gains above the original investment amount.

If an insurer offers no medical exam coverage with higher death benefits than these, it typically means that the medical exam is conditional upon your responses to health questions.

No medical exam life insurance policies are available for both term and whole life insurance, but the death benefits for whole life coverage are typically limited to less than $ 50,000 (while term coverage is usually limited to $ 500,000).

A fee included in some annuity contracts that compensates the insurer for the risks it assumes in issuing the contract, such as the cost of death benefits, expenses of other insured income guarantees, and administrative costs.

The other interpretation, though, is that death benefits do indeed accrue to the business.

However, death benefits are typically restricted to less than $ 25,000.

The way it works is that, each year, the insurer deduct all expenses, such as death benefits paid and the costs of running the business, from the money they've made (premiums collected, investments, and any other sources of income) and pays out any net profit as a dividend.

AIG is our favorite insurer for guaranteed acceptance life insurance because their prices are competitive and they let you accelerate death benefits if you become ill.

Finally, with universal life coverage your death benefits can be calculated in two ways, and you get to choose which you prefer.

For instance, if your spouse died, you'll want to locate a will, if there is one, and obtain a death certificate so that you can begin the process of claiming any life - insurance death benefits and other possible benefits.

One advantage C corporations have over unincorporated businesses and S corporations is that they may deduct fringe benefits (such as group term life insurance, health and disability insurance, death benefits payments to $ 5,000, and employee medical expenses not paid by insurance) from their taxes as a business expense.

What do you think of Google's impressive death benefits — generosity personified, the ultimate retention strategy, or a little bit of both?

Tax experts weighed in on the chunk Uncle Sam might take from any such death benefits, while Business Insider confirmed that gay - friendly Google offers the exact same package to same - sex partners.

Behold in awe the death benefits Google provides an employee's family in the event he or she dies while working at the company.

But one of them is really stupendous: death benefits.

If an employee dies, it pays death benefits to the heirs.

When it is time for either college or retirement, the policy holder can borrow money from the cash value and pay it back with the death benefit when they die.

A permanent life insurance policy combines a death benefit with a savings portion.

As the name implies, term life insurance will provide a death benefit if an individual dies within the policy's term, up to 20 years typically.

A death benefit is paid to your heirs only if you die before the term expires.

Such policies also pay out a death benefit to your heirs when you die, but they are far more expensive than term life.

(The rest of the money you've spent goes to pay for the policy's death benefit.)

«The type of hidden fees annuity investors should pay attention to are separate account [investment funds] expense ratios; back - end sales charges; annual administration fees; mortality and expense costs; any rider fees, such as guaranteed income rider, death benefit riders [and] principal protection riders, to name a few,» says financial planner Joseph Carbone of Focus Planning Group.

Because whole life is so much more expensive it is common for consumers to buy whole life policies that are affordable, but that do not actually carry a death benefit sufficient for their needs.

Whole life products have an added investment component along with their pure insurance or death benefit function; these policies build cash value over time.

The insurer initially quotes him a rate of $ 300 each year for a death benefit of $ 500,000.

For universal life policies, annual premiums and the death benefit payout can vary.

If you feel more secure with a set monthly payment and death benefit that doesn't change, stick to traditional whole life.

The value and cost of these policies depend on several factors: how the buyer chooses to pay premiums, how the market plays out and how the insurer calculates the death benefit.

Basic whole life policies provide a fixed death benefit and a cash value that builds over time.

With variable life coverage you have to choose your own investment strategy in order to maximize your death benefit; it's like a universal policy but you (and not the insurer) are managing the investment portfolio.

Of course, the policy's cash value changes over time and is lower than the total sum of the death benefit it provides.

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

The death benefit and payment plan of any standard whole life insurance policy are set as part of the policy and do not change.