Sentences with phrase «entire death benefit of the policy»

You will then have life insurance coverage for a particular period of time, and you get to preserve the entire death benefit of the policy.

Not exact matches

Since the plan also ensures that if he were to survive till the end of the policy term, he will receive all the premiums that he has paid over the entire term thus ensuring that he receives commensurate benefits for the premiums he invests whether it is in the form of the Death Benefit or Maturity Benefit.

In either of these cases, provincial legislation protects the entire policy — including the death benefit and cash value — from the claims of creditors of the policy owner during his lifetime and after death.

Premiums are level for the entire length of coverage and you can purchase a policy with no medical exam if the death benefit isn't greater than $ 400,000.

Over time, the savings component provided by the policy grows and the death benefit shrinks; if the policyholder dies after the cash value of the policy is fully realized, the entire amount paid comes from the cash value rather than the death benefit.

Graded / modified benefit policies usually have a waiting period of 24 to 36 months before the entire death benefit can be paid to a beneficiary.

It is important to emphasize the fixed death benefit and premium payment for the entire duration of the policy.

This company offers OPTerm life insurance policies, which provide a level amount of death benefit throughout the entire term, or time frame, of the policy.

With the level term plans, both the amount of the death benefit and the amount of the premium due remains the same throughout the entire lifetime of the policy.

Benefits paid to the beneficiary of the policy usually has a two year waiting period before the entire death benefit can be paid out.

This means that if the insured passes away within the first two or three years that the policy is in force, the named beneficiary will only receive a portion of the death benefit rather than the entire stated amount.

Over time, the savings component provided by the policy grows and the death benefit shrinks; if the policyholder dies after the cash value of the policy is fully realized, the entire amount paid comes from the cash value rather than the death benefit.

With level term, the death benefit remains the same for the entire term of the policy - no matter when you die during the policy's term.

And, the death benefit and the amount of the premium are guaranteed throughout the entire term of the policy.

In most cases, term life insurance will maintain a set amount of death benefit throughout the entire time of the policy.

Also, you may want to get a guaranteed death benefit that will remain the same for the entire term of the policy.

With level term protection, the death benefit and the premium will typically remain the same throughout the entire length of the policy.

The Guaranteed Term 10-15-20 product from Penn Mutual offers death benefit protection that is locked in for the entire term of the policy.

The key employee is able to name the beneficiary of the entire death benefit of the life insurance policy.

One type — level term — will keep the face amount (death benefit) of the policy the same throughout the entire duration of the policy.

The accelerated riders in one policy may allow for the entire death benefit to pay out towards these expenses, while others may only allow for half of the death benefit to be used by these riders.

Plus, if you go with a level term life insurance policy, the amount of the policy's death benefit, and its premium cost can remain the same throughout the entire duration of the policy.

If you choose to pay off the loan, your death benefit will be reinstated as the initial face value of the policy (plus the entire cash - value amount earned while owning the policy, if you have requested that option).

Except for one, all term policies have a level death benefit for the entire duration of the policy... it never decreases.

This policy has a guaranteed level death benefit that remains level for the entire 20 year duration that can be paid out either in a lump sum or in the form of a monthly income when the insured dies.

The death benefit of course provides protection for beneficiaries the entire time, and withdrawals are taxed with the tax free cost basis being removed from the policy first.

With graded benefits, the entire amount of the stated death benefit may not be paid out to the named beneficiary if the insured dies within the first few years of owing the policy.

With a level term life insurance policy, the amount of the death benefit will remain the same over the entire lifetime of the policy.

What's more, you can convert your entire policy or just a portion of the original death benefit.

Since a senior life insurance policy is a form of whole life insurance, you'll get many of the same benefits of a whole life policy: the policy lasts your entire life and builds cash value tax - free, you can borrow against that cash value for any reason and the death benefit is paid out tax - free to your beneficiaries.

In level term life insurance for seniors, the death benefit and the premium both remain the same for the entire period of the term policy.

The policy ensures that the families of the policyholders are protected in the tragic event of the policyholders» death as they will receive the entire Sum Assured of the Fund Value as the Death Bendeath as they will receive the entire Sum Assured of the Fund Value as the Death BenDeath Benefit.

Permanent policies like whole life insurance build cash value over your entire life out of the premiums you pay, but the death benefit phases out so that by the time you reach your golden years the policy will only pay out what you've paid in, plus some interest.

The policy promises entire sum assured as a death benefit along with accrued bonuses regardless of the amount of survival benefit already paid.

You get both the death benefit and the cash value, and typically, the death benefit and premium remains the same over the entire span of the policy, which is carried over during your lifetime.

With level premium funding, the life insurer collects premiums in excess of the one year cost of life insurance and then guarantees a death benefit coverage for a period of 10, 15, 20 or even 30 years, as long as you continue paying the premiums due for the entire length of the policy term.

So in summary, benefit # 2 of CVLI is that your beneficiary receives a death benefit no matter when you die since the policy lasts your entire life.

Premiums are level for the entire length of coverage and you can purchase a policy with no medical exam if the death benefit isn't greater than $ 400,000.

The nominee has an option to utilize the death benefit either to Utilize the entire proceeds of the policy / part thereof for purchasing an immediate annuity or withdraw the entire amount of the policy.

If, however, the insured passes away after owning this policy for more than two years, then the entire amount of the stated death benefit will be paid out (minus any unpaid cash value loan balance).

ther is no maturity benefit in pure term plan, only death benefit.if the policy holder lives entire term of policy he / she wil not receive anym oney from the company.

you have not considered that entire sum assured will be given to nominee in case of death of policy holder dies any time before maturity without deducting the survival benefits already paid.

After the two - year waiting period, you will have full coverage for your policy's entire death benefit, regardless of how you pass away.

Permanent life insurance provides death benefit protection for the entire life of the insured — as long as the premiums are paid and the policyholder does not cancel the policy.

Under this plan you can only avail death benefits i.e. if the life insured dies, then the entire sum assured is handed to the nominee of the policy.

The insured executive is the owner of the policy and able to name the beneficiary of the entire death benefit.

The nominee / beneficiary may use the death benefit by utilizing the proceeds of the policy or part thereof for purchasing an annuity at the prevailing rate or withdraw the entire proceeds of the policy.

The nominee can utilize the Death Benefit by utilizing the entire proceeds of the policy or part thereof for purchasing an Immediate Annuity or to withdraw the entire proceeds of the policy or to utilize the amount of the policy or part thereof for buying a Single Premium Pension Plan.

But to avail benefit of 10 (10) D, the death benefit during the entire term of the policy should be 10 times of maximum premium paid.

Guaranteed Protection With Choice Of Payout Options On Death - The plan offers you life cover for the entire Policy Term by providing guaranteed Death Benefit.