Sentences with phrase «death benefits to the beneficiaries after»

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

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

Not exact matches

If you die by any means after the first two years, the full death benefit amount will be paid to your beneficiaries.

Your beneficiaries receive a tax - free, lump - sum benefit after your death to cover living expenses, mortgage and debt payments, or anything else they need

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.

After two years, the full death benefit would be paid to your beneficiaries, regardless of the cause of death.

Usually the death benefit isn't paid out to your beneficiaries until after you die.

+ read full definition for the death benefitDeath benefit Money that your life insurance or savings and pension plan (s) pays to your estate or beneficiary after your death.

Under a QLAC, the only benefit permitted to be paid after the employee's death is a life annuity, payable to a designated beneficiary, that meets certain requirements.

After paying a lower premium for such a life annuity, the employee would be able to retain a larger portion of his or her account, maximizing the employee's lifetime benefits, while also leaving larger death benefits for a beneficiary, from the remaining amount of the account.

After the two - year Graded Death Benefit period, if you die for any reason the full face amount of the policy shall be paid to your beneficiary.

After two years, the full death benefit would be paid to your beneficiaries, regardless of the cause of death.

A contract is described in this paragraph (c)(2)(iv) if the contract provides that no benefit is permitted to be paid to a beneficiary other than the employee's surviving spouse after the employee's death --

This is because a larger portion of the cost of the contract would be allocable to death benefits if, after the required beginning date and before the annuity starting date, the participant were able to replace a designated beneficiary who has died (or to replace a designated beneficiary who has a short life expectancy with one who has a longer life expectancy).

After the two years, the coverage becomes ordinary life coverage and the full death benefit would be paid to your beneficiaries upon your death.

The contract satisfies the requirements of this paragraph (c)(2)(ii) if the contract provides that no benefit is permitted to be paid to a beneficiary other than the employee's surviving spouse after the employee's death --

If it was then found out after your death, within two years of your application, the insurance company would not be liable to make any payments for your death benefit to your beneficiary.

Also be aware that any money left on your accelerated death benefit option after your death, will be given to your beneficiary.

If they find out after your death, they may refuse to pay the death benefit to your beneficiary.

This means that even if the insured owes money, creditors can not come after the death benefit owed to the beneficiaries.

The death benefit of your life insurance policy is the sum that will be paid out to your beneficiary after you pass away.

If it is discovered after you die that you weren't completely honest, the carrier can dispute part or all of the benefit your beneficiaries were to receive upon your death.

Privacy is still important even after death, so you might not think you would have the right to inquire about a death benefit if you are not the immediate family member, however there are circumstances where even if you are not the next of kin you may have the right to information; For example, if you are the beneficiary named on the policy.

If it is discovered after you die that you lied, the carrier can dispute part or all of the benefit your beneficiaries were to receive upon your death.

Recurring payout option also allows the beneficiary to receive a lump sum benefit instead of regular monthly or yearly payouts anytime after the death of the life insured.

After the second policyholder dies, the death benefit is paid to beneficiaries, just like with an individual policy.

After determining the death benefit amount necessary to sustain financial security for the surviving beneficiaries, the agent should recommend a life insurance policy that not only fits these needs, but is also sustainable in premium payments.

After you die, burial life insurance pays the death benefit of your policy directly to your beneficiary who can use the money in any manner.

This specifically states a defined period of time that the primary beneficiary must outlive the insured to receive the death benefits and is usually a period of 10 to 30 days after the death of the insured.

Usually the death benefit isn't paid out to your beneficiaries until after you die.

Your beneficiary is still entitled to the death benefit when you die, but there's also a cash value component you can borrow against or partially cash out after a period of time.

Term life insurance is basically just a death benefit which is paid to your beneficiaries after your demise.

Universal life insurance pays death benefits to the named beneficiary after the insured's death.

The death benefit is paid to the beneficiary after the second person dies.

You will automatically qualify for the policy, but it is the most expensive type available, there is usually a limit to the benefits placed on the policy, and your beneficiaries will not receive the full death benefits for a preselected period of time after it is put into effect.

After death, a regularly scheduled death benefit payment will be paid out to all allocated beneficiaries of the insured.

Within 24 hours after receiving notice of an insured's death, an emergency death benefit of the lesser of 50 % of the coverage amount or $ 15,000 will be mailed to the insured's beneficiary, unless the death is within the two - year contestability period and / or under investigation.

After a specific amount of time, that money can be used to pay premiums, used as a loan or as added death benefits for your beneficiaries.

With this policy the death benefit is fixed at $ 10,000 and will be given to your chosen beneficiary after passing.

If it is discovered after you die that you misrepresented yourself, the carrier can dispute part or all of the benefit your beneficiaries were to receive upon your death.

As long as the premiums are continuously made, death benefits will be paid to the beneficiary after the death of the policyholder.

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.

For example, the policyowner can state «My spouse is my primary beneficiary, but I want to make sure she is survives at least 30 days after I die before she receives the death benefit payout.»

Because the death benefit remains the same for both types of insurance, you will have to name at least one beneficiary who will receive the death benefit amount after you pass away.

However, when you purchase a guaranteed life insurance policy, your beneficiaries are normally only able to receive the death benefit if you die 2 or more years after purchasing the policy.

If, however, the senior insured dies after owning the policy for longer than two years, and then the beneficiary would be able to receive the full amount of the death benefit that is stated in the policy.

Should the insured live past the first few years of policy ownership and pass away after that, the beneficiary would be able to receive the full amount of the death benefit — even on a plan that contains the graded death benefit option.

After the two - year Graded Death Benefit period, if the insured dies for any reason, the full face amount of the policy shall be paid to the beneficiary.

A death benefit is paid to the beneficiary after the insured has passed away assuming it is past the contestability period.

However, after a certain amount of time has passed, such as two or three years of policy ownership, the beneficiary would be eligible to receive all of the stated death benefit upon the insured's passing.