Sentences with phrase «death under option»

Not exact matches

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

Under Option 1: — Christianity is responsible for American Indian genocide, slavery in the US, crusades, Salem witch trials, other odds and ends — Atheism is responsible for all the deaths to their citizens during the reigns of Mao, Stalin, Pol Pot, etc..

Under universal life insurance option B, the policy proceeds increase over time and are equal to the cash value plus the death benefit.

The death benefit will not increase under option A unless excess premiums are paid.

Premium Waiver rider (UIN: 130B005V03): 100 % of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.

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.

Under option B, the death benefit grows in relation to the cash value.

Under option A, the death benefit is fixed.

Under Obamacare, I am compelled, with no option other than death or loophole, to engage in commerce.

Under either option, a higher death benefit may apply if the value in the Policy Account reaches a certain level relative to the Face Amount.

This Act mandated that insurers provide written notice to policyowners, if an insured is 60 or older or is known by the insurer to be terminally or chronically ill, and if a policy owner requests to surrender the policy, request an accelerated death benefit under the policy, or when an insurer sends notice to the owner that the policy may lapse, that there are options to lapse or surrender available to them.

Universal life insurance structured under Option B is designed so that proceeds of the policy rise in value over time and equal the death benefit plus the cash value.

We recognise that individuals and funds did what they believed was a valid option to prepare for the changes, and we are looking to provide a PCG clarifying that we will not undertake compliance action where someone has rolled a death benefit income stream to accumulation phase under the current law.

Under this option, a lump sum amount will be paid out immediately on your death.

A beautiful option as your pets lived under one roof in life let them all reside together in death in a family urn.

If the spouses want to handle their property division during marriage or in the event of a dissolution, or death of a spouse differently than the default under the current state law, a prenuptial agreement might be an appropriate option for achieving the desired result.

During the period of suspension, a constitutional exemption will permit Ms. Taylor the option of physician - assisted death under a number of conditions.

The death benefit does not increase under Option A, unless excess premiums are paid into the policy's cash value.

Insurers can pay death benefit in installments over a definite period of time and at a defined rate of interest, as approved under the «file and use» procedure on the declining balance if such an option is provided at the inception of the policy.

Income Plus Option — under this HDFC term insurance plan, the entire death benefit which is the chosen Sum Assured is paid out in case of death of the life insured.

Under the third option, after the first annuitant's death, annuity continues to be paid to the spouse and ceases on spouse's death.

Life option — under this HDFC term insurance plan, the death benefit is paid in lump sum in case of unfortunate death of the life insured

Under the first Option of Death Benefit called Option A, the Sum Assured net of the Terminal Illness Benefit already paid is paid to the nominee

The Company may at its own option (A) arrange for representation at any Inquest or Fatal Inquiry in respect of any death which may be the subject of indemnity under this Section and (B) may undertake the defense of proceedings in any Court of Law in respect of any act or alleged offence causing or relating to any event which may be the subject of indemnity under this Section.

Under the option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments for a period till which the policyholder's child attains 21 years of age.

Under the added paid - up options the policyholders are allowed to get their paid - up additions using their bonuses which would accumulate in their plan making this plan an additional guaranteed assured - sum which is paid as maturity or death benefits.

Income Option — under this HDFC term insurance plan, 10 % of the Sum Assured is paid in lump sum immediately on death of the life insured.

Under the level option, the death benefit is level to the face amount of your policy.

The death benefit is available under two options.

Under this annuity option, the annuity is payable for the annuitant's lifetime, and in case of the death of the annuitant, the purchase price is paid to the nominees.

Under the second option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in equal monthly instalments @ 0.58 % of the Sum Assured for 10 years.

In case of death, the benefit can be taken either in lump sum, or in instalments under the Regular Annual Payout option or 50 % in lump sum and 50 % in instalments as per the policyholder's choice.

The policyholder may additionally choose the disability benefit option under which, in case of death or disability of the insured during the tenure of the plan, the aggregate of all future premiums is paid which can be availed immediately in lump sum or can be invested in the fund where it will attract market linked returns.

Under the second option, Option B, in case of death of the insured during the tenure of the plan, 30 % - 80 % of the Sum Assured can be availed by the policyholder as per his choice and 110 % of the balance amount is paid over a period of 5 years in monthly instaloption, Option B, in case of death of the insured during the tenure of the plan, 30 % - 80 % of the Sum Assured can be availed by the policyholder as per his choice and 110 % of the balance amount is paid over a period of 5 years in monthly instalOption B, in case of death of the insured during the tenure of the plan, 30 % - 80 % of the Sum Assured can be availed by the policyholder as per his choice and 110 % of the balance amount is paid over a period of 5 years in monthly instalments.

On death of the annuitant, annuity payouts cease under the first option.

Under the third option, 50 % of the Sum Assured is paid as lump sum immediately on death and the rest is paid in increasing monthly instalments increasing at a simple rate of 12 % per annum for 10 years.

Under both the death benefit options, all future premiums are waived off on death and the plan continues.

Under Benefit Option 2, higher of the SA including the top - up SA 105 % of all premiums paid is payable immediately on death.

The death benefit payable will be the amount higher of the Sum Assured or 10 times the annual premium or 105 % of total premiums paid till the date of death for regular premium payment option and higher of Sum Assured or 125 % of the Single Premium paid under the Single Premium payment option.

If the policyholder chooses the Save Benefit under any of the plan option, then on death or critical illness, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and paid for by the company and the plan continues.

On death of the policyholder, under Benefit Option 1, higher of the Sum Assured including the top - up SA net of any partial withdrawals made in the last 2 years or Fund Value including the Top - up Fund Value or 105 % of premiums paid is payable to the nominee

Recurring payout - Under this option, the nominee receives 10 % of the Sum Assured amount on the death of the Life Assured.

Under Option B, in case of death of the insured during the tenure of the plan, the Sum Assured and an additional Accidental Death Benefit is paid to the nomdeath of the insured during the tenure of the plan, the Sum Assured and an additional Accidental Death Benefit is paid to the nomDeath Benefit is paid to the nominee.

Under Option B, 50 % of the death benefit is paid in lump sum and the remaining is paid in instalments under the Family Income BenUnder Option B, 50 % of the death benefit is paid in lump sum and the remaining is paid in instalments under the Family Income Benunder the Family Income Benefit.

Under Option A, in case of death of the insured during the tenure of the plan, the Sum Assured is paid to the nominee

If the chosen Benefit Payment Preference is Save - n - Gain under any of the plan option, in case of death or critical illness suffered by the insured during the tenure of the plan, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and 50 % of the premiums are paid by the company towards the plan and 50 % to the beneficiary on every premium due date and the plan continues.

Accidental Death Benefit Rider can be availed under the plan for a more enhanced coverage option.

Under the Classic Waiver option, the death benefit will be higher of the Sum Assured on Maturity or 10 / 7 times the annual premium depending on the age of the policyholder or 105 % of all premiums paid till the date of death.

Under the instalment option, 20 % of the Sum Assured is paid on death and the remaining benefit can be availed over a period 10, 15 or 20 years @ 11 %, 8.37 % or 7.12 % of the Sum Assured respectively.

Thus, there is an inbuilt Accidental Death Benefit Rider under the Extra Life option