Sentences with phrase «entire face amount»

At death, the entire face amount, which is composed of the base death benefit and investment, is paid to the beneficiary tax - free.

Zero coupon CDs are sold at a discount to their face amount and pay the entire face amount at maturity.

Graded Final Expense - The insured usually has a two year waiting period before the entire face amount can be paid to their beneficiary.

Guaranteed issue policies normally have a two year waiting period before the entire face amount of the policy will be paid to the beneficiary.

The insured usually has a two year waiting period before the entire face amount can be paid to their beneficiary.

You can choose to pay individual costs and accumulate interest on top of the face amount, or simply write yourself a check for the entire face amount and transfer the money all at once.

The most common option for receiving a life insurance payout is as a Lump Sum, in which the entire face amount is paid to the beneficiary at once.

Immediate Benefit — If you qualify the entire face amount will be put in force from day one of acceptance.

A conversion option allows you to convert up to the entire face amount of your policy before your term ends.

It is important to note that you don't have to covert the entire face amount of your term policy.

Most companies will allow you to convert up to the entire face amount of your existing term policy and you'll be guaranteed your original rate class.

Owners also can borrow from the cash value and even receive the entire face amount of the policy if they live to the maturation date.