Sentences with phrase «death benefits valued at»

The following figures will provide a rough idea of what you might expect to pay for a whole life policy with death benefits valued at $ 250,000.

Not exact matches

Whole life insurance policies are usually structured to mature when you turn 100 years old, at which point the cash value should equal the death benefit.

The measure, Senate Bill 426 (Leyva), requires that, when fixed deferred annuities are issued to consumers age 65 or older, the death benefit must at least equal the annuity amount or the accumulation value.

The projected cash values are a function of your age at the time of application, the target death benefit, the average accredited interest rate, and whether you choose Option A or Option B.

With Legacy Lock IV, the death benefit value protected from withdrawals (Enhanced Return of Premium portion) terminates at age 90, and a traditional Return of Premium benefit is provided to age 95, reduced proportionately for all withdrawals.

Those payments are invested in the company's general account, which in turn, guarantees that you or your beneficiaries will receive at least the policy's guaranteed cash value or death benefit.

Fixed annuities offer a standard death benefit of a lump sum payment or withdrawals under an income option of the full value of the contract at time of death.

Finally, there is no endowment age with most VUL's (the age at which the cash value equals the death benefit amount).

In addition to providing death benefits, some policies also accrue a cash value that you can collect at any time if the need arises.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

The policy ends at age 121, at which point the non-guaranteed totals equal over $ 21,000,000 for the cash value and death benefit.

So, if you had a $ 500,000 death benefit and your insurer capped the amount you could accelerate at «the lesser of $ 250,000 or 75 % of the policy's face value», you could request up to $ 250,000 while still living.

Whole life insurance that is offered through New York Life allows policyholders to have benefit at death along with cash value build up that is allowed to grow on a tax deferred basis over time.

Continuing under the assumption that you have a defined benefit pension plan that will pay you $ 50,000 per year until you pass away I would say that your pension plan is more similar to a life annuity rather than a GIC since a GIC comes to term whereas an annuity pays until death, but if you are trying to put a value on the holding of your pension plan I would say that yes, it is fair to count it as a million dollar GIC at 5 %.

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).

Using PUAs is an effective method of increasing your available cash value while at the same time boosting the policy's death benefit.

This continues until policy maturity at age 121, when the cash value and death benefit are the same.

Values for death benefits and premiums are usually determined at policy issue, for the life of the contract, and usually can not be altered after issue.

They look at investment provisions, cash values, loan provisions, and a large enough death benefit to handle any potential outcome.

The investor also loses optional death benefits, contract value at death (depending on the timing of the election and contract terms the contract value could be realized over a specified period of time) and most other features purchased with the annuity.

With a whole life insurance policy, the death benefit is guaranteed, and the cash value funds will grow at an interest rate that is set by the insurance company.

Thus, it is highly advisable to at least balance your unprotected stock trading account and CDs with a mix of qualified retirement accounts (although we don't often endorse these accounts for other reasons) AND cash value life insurance as a preferred asset protection vehicle due to its flexibility and death benefit.

Since age 65 is commonly the age of retirement, this policy allows you to have a paid up policy (that continues to build cash value and grow your death benefit) at age 65, when most people need to cut back on their expenses.

A variable universal life insurance policy takes the best (or worst, depending on how you look at it) of the other two policies: you can adjust the premium and death benefit amount while investing the cash value in the policy's sub-accounts.

As a secondary focus, sometimes a term life policy rider is added to a policy to add death benefit, rather than adding it to the whole life policy at the expense of cash value accumulation.

The value of the super death benefit at this time is $ 1.1 million.

Under the second variant, a death benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your Benefit at the conclusion of the Term of your policy.

Jill partially commutes $ 800,000 of her account - based income stream on 1 July 2017, retaining it in the accumulation phase, and continues receiving the reversionary death benefit income stream valued at $ 800,000.

So if you have a death benefit of $ 1 million, and your cash value is currently at $ 400,000 when the insured dies, the beneficiary will receive the death benefit and the cash value — $ 1,400,000.

In - force illustration with minimum level premium to maintain the death benefit through maturity, solving for $ 1,000 of account value at maturity, dated within sixty (60) calendar days prior to the seller's acceptance date

If you designate Best Friends Animal Society as a beneficiary, the animals will benefit from the full value of your gift because your IRA assets will not be taxed at your death.

If you designate Mostly Mutts Animal Rescue as a beneficiary, the animals will benefit from the full value of your gift because your IRA assets will not be taxed at your death.

If you designate Grey Muzzle as a beneficiary, senior dogs across the country will benefit from the full value of your gift because your IRA assets will not be taxed at your death.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Birla Sun Life Protect At Ease and Edelweiss Tokio Life EduSave.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Birla Sun Life Protect At Ease and Bajaj Allianz Group Income Protection.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Birla Sun Life Protect At Ease and Birla Sun Life Income Assured Plan.

Hi David — If it's pure death benefit and not cash value you're looking for, look at a guaranteed universal life insurance policy.

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.

Under this condition, the death benefit would be re-established at a level supported by the remaining value of LTCSO at the time it is discontinued.

In general, the cash value in a permanent policy is designed to grow, and this growth reduces the net amount at risk in a policy, which keeps the mortality cost at reasonable levels even though the actual cost per $ 1,000 of death benefit is growing every year.

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.

Recently issued policies must typically be in force for several years before the policy's cash value reaches the point at which the death benefit begins to increase.

So if he dies at age 70, the beneficiary would receive a total of $ 500,000 death benefit, plus the additional cash value amount of $ 600,000.

You can change the death benefit the premium you pay and the interest in the cash value account grows at an amount subject to market conditions (there is usually a guaranteed minimum though).

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

The policy also provides cash value accumulation which grows over the life of the policy and should equal the death benefits at age 100.

Similar to all cash value contracts, the death benefit is guaranteed at some point when the policyholder dies.

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.

Others keep the death benefit but choose to use the cash value to buy term life insurance, which will ultimately expire at the end of the set term.

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 Benefit Rider.