Sentences with phrase «death rider amount»

If the person dies in an accident, then the company will pay Rs 12 lakhs (base cover of Rs 10 lakhs and accidental death rider amount of Rs 2 lakhs).

Not exact matches

You can customize a policy by its death benefit amount, term length, and with riders.

Take your time to compare how different death benefit amounts, policy features, and riders may influence your monthly premium rate.

Make comparisons of premium costs for many different policy variations such as the death benefits amount, and optional riders.

Some deferred annuities offer attached benefit riders that contractually provide an annual death benefit growth amount while you are still alive.

Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments receDeath Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath, amounting to the difference between the initial premium paid and the cumulative income payments received.

Term insurance with ADB rider: If death happens due to an accident, basic sum assured + sum assured selected under ADB rider, both put together will be paid as claim amount to the nominee.

For DIAs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

You can customize a policy by its death benefit amount, term length, and with riders.

An accelerated death benefit rider lets you use money normally allocated for a death benefit (the amount a life insurance policy pays out) before you die.

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.

Some examples include accidental death benefit, which pays double the face amount for accidental deaths, and child term rider, which adds coverage to the child of the insured.

Common carrier death benefit provision — If the insured dies while on an airplane, train, or bus, this rider provides an additional death benefit equal to 100 % of the original face amount.

This rider offers an accidental death benefit that is equal to the policy's face amount — and pays out in addition to the whole life insurance benefit if the insured dies as the result of a covered accident.

If the insured dies in an accident while he or she is a fare - paying passenger on a common carrier (e.g., airplane, train, or bus), this rider provides an additional death benefit equal to 100 percent of the original face amount or $ 250,000, whichever is less.

This rider can provide an additional amount of death benefit coverage to the policy beneficiary if the insured dies due to accidental injuries that occur while he or she is riding as a fare - paying passenger on a common carrier, such as an airplane, a bus, or a train.

Accidental Death Benefit Rider — Should you die accidently, this rider will provide you with an «additional death benefit» on top of the amount of death benefits you have selected for your original poDeath Benefit Rider — Should you die accidently, this rider will provide you with an «additional death benefit» on top of the amount of death benefits you have selected for your original podeath benefit» on top of the amount of death benefits you have selected for your original podeath benefits you have selected for your original policy.

The request for a benefit must specify the amount of the policy death benefit to be accelerated, subject to the terms in the rider.

With the accidental death benefit rider, should the insured die due to a qualifying accident, his or her named beneficiaries would receive an additional amount of death benefit.

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.

The amount of death benefit payable is determined by the terms of the policy or contract and any riders.

Also, Accelerated Death Benefit Riders where you can collect up to 50 % of your policies face amount.

If you were to pass away unexpectedly as a result of an accident, the amount of your death benefits can be doubled with an accidental death benefit rider.

Upon the death of the insured, the designated beneficiaries receive the death benefit less the amount paid out under the long - term care rider.

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.

Enhanced Beneficiary Benefit Rider (EBB) This optional rider can increase the amount of the death benefit your beneficiaries receive, depending on the performance of the policy.

Accidental death benefit rider — This rider will increase the death benefit amount if the death is the result of an accident.

The face amount options for the accident death rider are identical to the options for the natural death benefit.

The goal of the IPO rider is to pay out the death benefit over a longer period of time to protect the beneficiary from the typical lump sum, which essentially amounts to a «blank check».

The accidental death rider provides an additional death benefit (whatever amount you select) if the cause of death is specifically from an accident.

They may be insuring your future retirement income by providing a guaranteed withdrawal benefit rider, or insuring a specific amount of death benefit to go to your heirs, or insuring a minimum return.

Riders are optional clauses in insurance policies which offer additional financial security by payment of a nominal extra amount over and above the premium to cover disability, death etc..

An accelerated death benefit rider lets you use money normally allocated for a death benefit (the amount a life insurance policy pays out) before you die.

In most cases, mortgage disability insurance is the rider to a MPI policy, covering mortgage payments up to a certain amount in the event of illness or injury, not just death.

In most cases, a life insurance policy that has a charitable giving rider will pay the death benefit amount to the policy's beneficiary (or beneficiaries), and then it will pay an additional percentage — usually 1 — 2 percent of the policy's face amount — to the charitable organization.

Typically, these types of policy riders are able to be placed on policies that have death benefits that are in amounts of $ 1 million or more.

You can customize a policy by its death benefit amount, term length, and with riders.

With this rider, it's important to keep in mind that maximum benefit is typically only a percentage of the life insurance policy's face amount and it is taken from your death benefit.

In the opposite way, the availability of the accelerated death benefit rider might mean being able to avoid a viatical settlement, which would ultimately yield a lower total amount of benefit.

Whole life policies offer a choice of having a level benefit (where the policy pays out the face amount and any rider benefits to a named beneficiary upon the insured's death), or a graded benefit (where the policy will pay out a reduced amount of benefit if the insured's death occurs for reasons other than an accident within the first two policy years).

If you purchase a long - term care hybrid policy and never actually need long - term care, most life insurance companies have set it up so that the money you've paid in for the rider will ultimately be rerouted to your regular life insurance coverage, and your beneficiaries will receive the full death benefit amount.

An accident death benefit rider pays out an additional death benefit to the beneficiary which is above and beyond that of the normal policy face amount.

Accidental death benefit insurance is not usually included in a basic life insurance policy, so adding it to a standard policy as a rider will likely result in a somewhat higher premium; however, it will pay double the amount of the regular death benefit if the insured dies in an accident.

Accelerated Death Benefits: In the event of your death this rider provides an additional amount in the case of an acciDeath Benefits: In the event of your death this rider provides an additional amount in the case of an accideath this rider provides an additional amount in the case of an accident.

This plan can also be further «customized» by adding various riders such as the children's term rider the disability waiver of premium rider, the accidental death benefit rider, and / or a travel accident rider that provides an additional amount of coverage if the insured dies as the result of a travel related accident.

Charitable Giving Benefit Rider: Selected at issue and available at no additional cost, this rider provides an additional benefit of 1 % of the base policy specified amount (up to $ 100,000) to the qualified charity of the policyowner's choice upon the insured's death.

Platinum boasts multiple new features at no additional cost, including a return of premium rider, guaranteeing the policy's cash surrender value will never be less than the premium payment; accelerated benefit riders for chronic illness, critical illness, and terminal illness; and a charitable giving rider, a unique feature that provides an additional death benefit of 1 percent of the policy face amount to the applicant's charity of choice.

Additional Benefits: In addition to a larger than industry average maximum amount, Assurity's product boasts several available riders, such as the Accelerated Death Benefit Rider, but also a Children's Insurance rider.

PNB MetLife critical illness rider when opted for in your life insurance plan, provides payment of an additional amount on the diagnosis of as many as 10 critical conditions, along with offering a cover at the time of death.

Then, the addition of a qualified long - term care rider will allow the life insurance contract to be accessed for living benefits by paying down the face amount of the death benefit when the policyholder qualifies for long - term care benefits.