Sentences with phrase «different death benefit payment»

The Income Protection Option (IPO) allows a different death benefit payment other than a lump sum.

Not exact matches

Different rules exist for who is a dependant when making a super death benefit payment (superannuation law) and the resulting tax treatment (taxation law).

Universal life can provide you with a variety of different payment options, including a flexibility of changing your death benefits, as well as the potential to accumulate cash value over time.

Throughout the years, life insurance products have evolved from simply a way of ensuring financial stability for survivors via the payment of a basic death benefit to financial tools that can do many different things.

The parties can share a number of different aspects of the policy, such as responsibility for premium payments, the death benefit payouts, and dividends.

This plan is different from normal «whole life insurance», however, because the death benefit is only intended to cover final expenses, and possibly a few months of mortgage payments while your relatives are still grieving your death.