Sentences with phrase «death coverage only»

As you might guess, Globe Life's accidental death coverage only pays a claim if you die «accidentally», according to the company's definition.

As you might guess, Globe Life's accidental death coverage only pays a claim if you die «accidentally», according to the company's definition.

Not exact matches

Since estate taxes are assessed only when bequests are left to someone other than a husband or wife — most commonly, when estates pass, after parents» death, to the children — it's smart to buy enough second - to - die coverage in the name of the beneficiary to pay off future estate - tax bills.

Experts expect that this would cause a death spiral, where only the sickest patients purchase coverage and premiums skyrocket.

Since only about 5 % of deaths are due to accidents, premiums are very cheap and coverage often doesn't require a medical exam.

After news that the 94 - year - old was in hospital broke, union leaders declared that in «the sad event of his death, and for BBC news coverage of that story only» the staff would postpone the strike.

«Only by chance does New York State Of Health receive notification of the death of an enrolled recipient and begin the process to end Medicaid coverage,» the report said.

The postdoc also receives $ 50,000 in life insurance coverage, free accidental death and dismemberment insurance, and free short - term disability insurance, «the only [such] free benefits in the entire UC system,» according to Castaneda.

The additional coverage in excess of the Contract Value is only available to use for a qualified long - term care benefit and will not become part of the contract value or the death benefit.

Globe Life only offers coverage with no medical exam so, if you're healthy, you'll pay higher rates for the same death benefit than you would at an insurer with full underwriting.

Only about 5 % of deaths occur due to an accident but, if you feel your family would need additional assistance if you passed away suddenly, MetLife offers the following coverage options:

A Guaranteed Acceptance policy can only be purchased between the ages of 50 to 85, and the policy's death benefit is limited for the first 2 years of coverage.

This just means that, in the case that you died during the first 2 years of coverage, unless your passing was considered to be an accidental death by the insurer your beneficiaries would only receive a minor payout (the sum of your premium payments with 7 % interest compounded annually).

However, the small amount of money you saved is not worth the under performing permanent coverage you are stuck with, unless your only need for the insurance coverage is the death benefit.

For example, if you have a pre-existing condition and want a $ 350,000 death benefit to cover your mortgage, you will only be able to get this amount of coverage through a term life insurance policy.

Some people will complete payments on their coverage long before they die, while others will have only made a few payments at the time of their death.

For example, you may want the breadwinner to have more coverage than a stay - at - home spouse, or you may want only one person to have riders that offer extra provisions, like early access to the death benefit.

As perhaps one of the most popular types of permanent life insurance, whole life, also known as ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insured.

Meaning, that in the last years of your mortgage, you still pay the same mortgage insurance rate, even though your coverage in case of death will be only a few thousand dollars.

A Term Life policy offers coverage only if death occurs during a specific period of time, which coincides with the terms in which the insured member is required to make a monthly premium.

Term insurance is only meant for death coverage: This is not true.

This type of coverage insures two people (usually spouses) and pays a benefit only at the second death.

For example, their term coverage lets you accelerate death benefits if diagnosed with any of a wide variety of illnesses, while many competitors only offer this ability for the terminally ill.

There are some retirement plans that give no life coverage, only the purchase price is paid back to the beneficiary in case of the policyholder's death.

VantisTerm ROP Life Insurance Coverage — The VantisTerm ROP term life insurance policy is a death benefit only policy that offers coverage for 20 years, 25 years, or 30 years.

Typically, employers only provide coverage that amounts to 1 to 2 times your salary in the event of your death, and about two - thirds of your income if you are disabled and unable to work due to illness or injury.

So, for example, if one person has one million dollars in auto insurance coverage, but another has only $ 10,000, and that person causes the death of another person, those insurance coverage limits usually make a big difference in the outcome.

First, the coverage may be a form of accidental death and dismemberment (AD&D) insurance, which only pays the beneficiaries if the employee dies from an accident or loses a limb, hearing or sight as a result of an accident.

The «hybrid» means you are initially insured without a medical exam for coverage that is one - third traditional term insurance and two - thirds accidental death only.

You can still get coverage at a low rate, but you will have a plan that only pays a partial or no death benefit during the first two years.

They provide not only the basics like emergency travel insurance medical coverage, but also trip cancellation & trip interruption insurance, coverage for baggage loss or baggage delay, accidental death and dismemberment insurance and more, depending on the policy.

This means that the policy can provide death benefit only coverage (term), or a both a death benefit, along with a cash value component (permanent).

Since this only covers accidental death and does not cover natural causes (such as heart disease, stroke, or cancer), this life insurance rider is best purchased when the insured is maxed out on the amount of life insurance they can qualify for and he or she need some additional coverage.

This type of coverage offers death benefit only protection, without any cash value or investment build up.

If you knew you only had a short period of time to live, you might choose to keep the coverage intact because you knew the death benefit would be right around the corner.

With a NLUL from Sagicor, you can not only provide your family with basic death benefits coverage, you can also build a nest egg for retirement.

Because term life insurance only pays out if the policyholder's death occurs during the term of their coverage period, policy premiums are generally lower than whole life insurance.

Accidental death policies will never provide coverage to you for natural causes of death, which means that your accidental death insurance policy will only pay out if you die from an «accidental» cause such as:

For example, just as with regular term coverage, a term life policy will provide a death benefit only, with no cash value build up.

If, on the other hand, you want the coverage to be permanent or if you want the policy to be not only a death benefit but also a business investment with additional options, you will want to consider a permanent life policy which could be either a universal or a whole life.

Employers can change your benefit package at any time and reduce or eliminate this coverage at any time, so it should not be your ONLY plan for taking care of your family after your death!

While a term insurance offers a coverage for death due to accidental or a natural cause, a personal accident insurance provides benefits only when there is death or permanent total disablement, temporary disablement or a partial permanent disablement caused by an accident.

They will likely have high deductibles; they also may be limited to only certain types of coverage such as Flight Accident, Car Rental Damage or Accidental Death & Dismemberment while traveling.

If you named the lender as the beneficiary, the lender would receive the entire death benefit even though you've paid down the balance and if you did that, the life insurance company wouldn't issue you the amount of coverage needed — they'll typically only issue 80 % of the loan amount.

Fabric Instant is an Accidental Death (Only) product for people between the ages of 25 and 50 years old and the coverage will terminate at the age of 60.

While a 10 to 20 year term may save you premium over the long run (and offer additional death benefit beyond your mortgage), this type of policy works if your only real purpose for the benefit payout is to coverage the remaining principal on your home when you pass.

During the first few years, your coverage amount (death benefit) is only the premiums you have paid into the policy + a few percentage points.

For example, you may want the breadwinner to have more coverage than a stay - at - home spouse, or you may want only one person to have riders that offer extra provisions, like early access to the death benefit.

Group life insurance offers coverage only on death and there is no maturity value in case the policyholder survives the insurance tenure.

Life insurance only pays out in the event of death, while disability coverage is limited to specific types of injuries.