Sentences with phrase «death rider allows»

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However, these days only a handful of insurers offer LTC insurance, so another option may be life insurance with an LTC rider, which allows families to tap into the benefits they would receive upon the policyholder's death while he or she is alive and requires care.

An accelerated death benefit rider allows the policyowner to receive a portion of the death benefit early when the insured individual is diagnosed with a terminal illness resulting in a decreased life expectancy.

Banner Life's term policy includes an accelerated death benefit rider and allows an individual to cash out up to 75 percent of the death benefit if you are diagnosed with a life expectancy of twelve months or less.

Another optional rider allows policyholders to accelerate their death benefit to help pay for long - term care expenses.

The motorcyclist death rate in Florida has increased about 25 percent since the state changed its helmet law to allow riders 21 and older to ride bare - headed.

This rider allows you to receive a portion of your policy's death benefit while you're still alive if you've been diagnosed with a terminal illness (meaning less than 12 months to live).

The accelerated death benefit rider (included at no extra cost) allows you to receive a portion of the death benefit if you're diagnosed with a terminal illness.

And if you are in need of a larger death benefit initially than your budget allows, you can add a term life rider to your policy to enhance your initial death benefit.

Accelerated Death Benefit Rider: the ADB rider allows you to access a portion of the death benefit if you are diagnosed as terminally ill with less than 12 months to Death Benefit Rider: the ADB rider allows you to access a portion of the death benefit if you are diagnosed as terminally ill with less than 12 months to death benefit if you are diagnosed as terminally ill with less than 12 months to live.

Adding a paid up additions rider or paid - up additional insurance rider allows you to make additional monthly or annual payments into your policy to increase the death benefit and cash value.

This rider would allow you to receive up to $ 400,000 or 25 % of your policy's death benefit (whichever is less) if you contracted a terminal or chronic illness.

The business value protection rider allows owners to increase the death benefit as the value of the business increases, which may be suitable for buy - sell agreements and key person insurance.

This rider is critical, particularly if you are considering life insurance for children or young adults, because if the insured develops a disease or become uninsurable during the policy period, the insurance company allows the insured to increase his or her total life insurance coverage and death benefit at specific times.

The long - term care rider allows you the ability to access funds from the policy's death benefit for qualifying long - term care services.

It basically acts as a chronic illness rider, allowing you to tap into your policy's death benefit if you are diagnosed with a qualifying chronic illness.

Accelerated Death Benefit Riders — allows access to a percentage of your death benefit or if you have an eligible terminal illness or chronic illDeath Benefit Riders — allows access to a percentage of your death benefit or if you have an eligible terminal illness or chronic illdeath benefit or if you have an eligible terminal illness or chronic illness.

Thanks to the acceleration of death benefit rider on his life insurance policy, however, Richard was able to get money to cover his huge medical expenses, allowing his wife and family to say goodbye without the specter of debt hanging over their heads.

Flex Pay PUA Rider — Paid - up additions riders allow you to pay additional premium into your policy to purchase additional participating whole life insurance, which increases your death benefit and cash value.

Value Enhancement Rider: The VER is a whole life insurance rider that allows you to add additional single or periodic premium payments to your policy to purchase paid up additions, increasing your death benefit and cash value.

This rider is called an «accelerated death benefit» rider, because it allows the death benefit to be — that's right — accelerated.

The rider meets the definition of accelerated life insurance death benefits under IRC § 101 (g)(1)(b), which typically allows the chronic illness benefit to be income tax free.

The rider allows your death benefit to be accelerated to help you cover the costs of long - term care services.

If your term policy allows you to convert you can choose to option your rider and convert all or a portion of your death benefit to permanent life insurance.

The Company's LTC rider allows access to the policy's death benefit to cover costs associated with long - term care services due to chronic illness or severe cognitive impairment, such as Alzheimer's Disease.

If you are diagnosed as terminally ill with 12 months to live, the rider will allow you to access your death benefit payout in advance.

The ADB rider allows the owner to access a portion of the death benefit if the insured is diagnosed terminally ill.

You can include a paid - up additions rider in your policy, which allows you to make purchases of paid - up additional insurance with no proof of insurability, increasing the cash value and death benefit proportionately.

Banner Life's term policy includes an accelerated death benefit rider and allows an individual to cash out up to 75 percent of the death benefit if you are diagnosed with a life expectancy of twelve months or less.

An accelerated death benefit rider allows the policyowner to receive a portion of the death benefit early when the insured individual is diagnosed with a terminal illness resulting in a decreased life expectancy.

One of the most unique riders Primerica offers is an increasing benefit rider, which allows you to increase the death benefit of your policy up to 10 % per year for 10 years.

If you are diagnosed with a terminal illness, for example, an accelerated death benefit rider allows you to collect some or all of your death benefits right away.

In the event you become terminally ill, this rider will allow you to access part or all of the death benefit cash and use it to pay for certain expenses like medical care.

In addition, riders can be added to each policy that allow you to adjust the death benefit, either so that it increases over time, it decreases over time, or you're able to purchase additional coverage later without medical questions.

Similarly to a long - term care rider, the accelerated death benefit rider (sometimes called an acceleration of death benefit rider) allows you to take money out of your death benefit in order to pay for medical expenses.

The policy can also include a terminal illness rider, which allows the insured to receive a portion of the policy's death benefits if he or she becomes terminally ill.

In case you are worried about dying from an accident, this rider will allow you to choose a death benefit to be paid on top of the primary coverage resulting from an accidental death.

LTCAccess Rider — A great supplement to long term care policy, the LTCAcess rider allows you to accelerate a portion of your death benefit so you can pay for expenses from long term care covered under the rider, including both home and facility care.

The IPA Flex rider is exclusive to the Orion IUL and allows you to customize your death benefit, providing a guaranteed income stream for your beneficiaries and greater cash value accumulation potential.

If you are diagnosed with a chronic illness or severe cognitive impairment (Alzheimer's, Dementia), the rider allows you to accelerate a portion of your death benefit to be used either as reimbursement or cash indemnity.

This living benefits rider is called an «accelerated death benefit» rider, because it allows the death benefit to be — that's right — accelerated.

The life insurance companies also offer solutions such as chronic illness riders AND long term care riders, which allow a portion of the policy death benefit to be used for long term care costs while also preserving a portion of the death benefit coverage.

It's one - size - fits - all Individual life insurance policies allow you to customize the death benefit amount and term length, and change policy provisions through riders.

Many company's offer life insurance living benefit riders that allow an acceleration of the policy's death benefit in the form of cash indemnity.

Like an accelerated death benefit rider, this allows early access to the death benefit to pay for long - term care like a nursing home or private nurse.

Accelerated Access Solution — if you suffer a qualifying illness, this rider allows you to access your death benefit without being taxed.

As such, this rider allows you to access 100 % of your death benefit while living.

Accelerated death benefit: the accelerated death benefit rider allows a portion of the death benefit to be accessed while you are still alive if you are diagnosed terminally ill or confined to a nursing facility.

This rider will also allow you access your death benefit while living.

Included at no additional cost, the accelerated benefit insurance rider will help cover medical costs or nursing home care by allowing you to use a portion of the death benefit in the event of a terminal condition diagnosis or confinement to a nursing home facility.

Three accelerated death benefit riders will allow you to take a portion of your death benefit early in the event you become seriously ill: 8