Sentences with phrase «die policy if»

After all, it wouldn't make sense to purchase a joint last - to - die policy if two individual policies can pay out a death benefit twice and have a lower premium.

I don't recommend second to die policies if you are looking to use life insurance for income protection for your family.

Not exact matches

As the name implies, term life insurance will provide a death benefit if an individual dies within the policy's term, up to 20 years typically.

Generally speaking, though, you should cancel your policy immediately if your spouse — for whom the policy was intended to provide a financial cushion — dies before you, he said.

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

AD&D insurance is similar to a life insurance policy in that both offer a death benefit, but your beneficiary wouldn't receive a payout if you died due to an illness.

However, the policy only pays a death benefit if you die due to a covered accident, such as a plane crash or sudden fall.

If you die during the grace period, your beneficiary will receive the full value of the death proceeds of your life insurance policy minus any premium that is owed to your life insurance company.

If this is the case, your policy would pay out if you died in a car or plane crash, but not if you passed away from cancer or a heart attacIf this is the case, your policy would pay out if you died in a car or plane crash, but not if you passed away from cancer or a heart attacif you died in a car or plane crash, but not if you passed away from cancer or a heart attacif you passed away from cancer or a heart attack.

In addition, some mortgage protection policies will only pay a death benefit if you die from an accident, similar to accidental death insurance.

In basic terms, mortgage life insurance pays off your mortgage balance if you die while the policy is in effect.

If you were to die before paying back your policy loan, the loan balance plus interest accrued is taken out of the death benefit given to your beneficiaries.

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

The beneficiary receives the policy payout if you die.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

If you die during these years, the term policy is there to provide a lump sum death benefit to your survivors.

An ROP policy can protect your loved ones and ensure they wouldn't need to sell the home if you died prematurely.

For example, if you purchased a 20 - year $ 500,000 level term policy, should you die at any point during the 20 year term due to a covered event (and have paid all premiums) the beneficiary would receive a $ 500,000 payout.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

Your policy's beneficiary will receive an increased death benefit with this rider, if you would die due to an accident.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Yes, but you neglect to consider that the money you save by opting to go with term insurance can be invested, and you'll probably be out way ahead with that money for your beneficiaries and heirs rather than if they wait for you to die and collect their benefits through a whole life policy.

The «right to die» and «death with dignity» proposals, while appealing to excruciatingly painful individual cases, would have, if they carry the day, what May calls a «cumulative impact» upon social policy and attitudes.

It's not good policy to let polygamist combatants fight for their country with the uncertainty they have for what might happen to their partner if they die while fighting.

The conspiracy theorist living inside my brain says we can expect to see more of this type of «journalism», followed by calls on the school officials to DO SOMETHING because IT IS FOR THE CHILDREN»S SAFETY and IF WE LET THE PARENTS SEND LUNCHES TO SCHOOL THEN CHILDREN WILL DIE!!!!!!!! (note the many, many exclamation points — that means this is a REALLY IMPORTANT POINT Y ’ ALL), followed by local school officials implementing policies to BAN CHILDREN FROM EATING FOOD BROUGHT IN FROM «OUTSIDE» and mandate that they eat, instead, the lunch provided by the school.

Niebuhr died in the 1970's but both Democrats and Republicans lean on his advice (even if misread) to guide their modern foreign policy views.

I also asked Heastie if he's concerned about the governor's increased reliance of late on his executive powers to circumvent the Legislature on key policy issues like a minimum wage increase for the state's fast food workers and creation of a special prosecutor to handle cases in which unarmed civilians die at the hands of law enforcement officers.

The BHA's Head of Public Affairs Naomi Phillips commented, «Recent years have seen some of the most compelling challenges to the law and policy on assisted dying in the UK and, if successful, this case could be key in affecting some change in this area.

Then, sounding very much like de Blasio, who couches every policy in the rhetoric of income inequality, Cuomo said, «An economy that polarizes and isolates, an economy of the lucky and the left out, the haves and the have nots, an economy, where if you are born poor, you will probably die poor, that is not the American way.»

And no policy exists for what to do if an astronaut dies.

The softened America at its nadir - with undemanding schools, unpunished crime, rampant welfare, a feckless army under a timid national policy in Vietnam - is the setting for Saul Bellow's Mr. Sammler's Planet of 1970 and Tim O'Brien's If I Die in a Combat Zone of 1973.

What happens if the proposed insured dies before the policy issue date?

If you travel frequently, have a high - risk job or participate in extreme sports (for example, skydiving, bungee jumping, auto racing) the insurer will pay additional benefits if you die or are injured in ways specifically defined by the policIf you travel frequently, have a high - risk job or participate in extreme sports (for example, skydiving, bungee jumping, auto racing) the insurer will pay additional benefits if you die or are injured in ways specifically defined by the policif you die or are injured in ways specifically defined by the policy.

If you buy an accidental death and dismemberment rider, decide whether the likelihood of dying accidentally justifies the insurance premiums you must pay for the policy.

If you have a life insurance policy, and you've been keeping up with your premiums, your insurer will pay out a death benefit when you die.

Where it falls short: A travel accident insurance policy in no way compares to a life insurance or disability policy because it only kicks in if you die or are severely injured on that particular trip.

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the policy.

If you die as the direct result of a vehicular, air, or sea accident that you did not deliberately cause, your insurer will pay your beneficiary the accidental death benefit, which is normally twice the value of your insurance policy's face value.

So, if you died during the policy term or had a sudden expense come up, it would not be available.

If the insured dies within this term (10, 15, 20, 25, 30, or 35 years), the life insurance company pays a lump sum death benefit to the policy's beneficiaries.

This means if you die within the first year or two of the policy (for example), you won't receive the full death benefit.

And if you should die prematurely, the payment amount your beneficiaries receive could have been obtained with a term policy with much cheaper premiums.

If the policyholder dies within the predetermined term, the policy beneficiary will receive a payout.

If the insured dies while receiving total disability benefits, the policy pays the basic monthly benefit to the owner or owner's estate for up to three months after the insured's death.

This is because the coverage is temporary and only pays out if the policyholder dies while the policy is in effect.

With this coverage, you receive a death benefit if your child dies while your policy is in force.

If you die while your policy is in force, your named beneficiaries will receive the policy's death benefit.

(Small businesses may wish to consider purchasing life insurance policies for key individuals, such as an owner or top employee, to help prevent financial distress if that person were to die.)

Like term life insurance, whole life insurance policies pay a death benefit if you die while your policy is in force.

Term life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the policy.