Sentences with phrase «death payout»

She says that lower payouts during a policyholder's lifetime would mean a higher death payout.

Some can also set it up so that their beneficiaries will receive the death payout as well as the cash value of the policy.

Apart from this, if the insured owns a joint term insurance policy, then only one death payout is offered under the policy, even in the case of accidental death of both the insured persons, only one death benefit is payable to the beneficiary of the policy.

If the housewife has a life insurance, the death payouts could be used to bear expenses.

Third, your beneficiaries are not required to pay income taxes on the death payout either.

o Level Cover with ADB: The death payout under this plan option pays the opted sum assured to the nominee in the event of death, of life insured during the policy term.

o Level Cover: The death payout under this plan option pays the opted sum assured to the nominee in the event of death of life insured during the policy term.

With the maturity or death payout, you or your family can easily fulfill their different financial needs such as children's education and marriage, funding one's retirement, or other unforeseen expenses.

The death payout is a Sum Assured plus accumulated benefits depending on your whole life insurance plan.

Scenario II - Death Payout: In the event of his death during the policy term, Rs 5,04,00 as Sum Assured on Death is payable.

o Death Benefit Lump Sum Option: This death payout option provides a lump - sum amount (equal to the sum assured) on the demise of the life insured during the policy term.

o Death Benefit Income Option: This death payout option provides 1 % of the total sum assured to the family every month for a period of 130 months.

If you want to make sure you have coverage for death resulting from a motor vehicle accident you should read through your policy and discuss any questions you have about a death payout with your agent.