Sentences with phrase «equal amount of death benefit»

Cash value will grow to equal the amount of the death benefit at age 100.

Another thing to keep in mind is that term insurance is less costly than whole life insurance for equal amount of death benefit.

The cash value accumulation generally does not equal the amount of death benefits and premiums are more expensive than other equivalent standard life insurance policies.

Not exact matches

So you can «live» with guaranteed withdrawals for lifetime income and still have the potential to «give» a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.

So you can «live» with guaranteed withdrawals for lifetime income and still have the potential to «give» a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.

In the event of multiple Accidental deaths per account arising from any one Accident, the Company's liability for all such Losses will be subject to a maximum limit of insurance equal to two times the Benefit Amount for loss of life.

You can access a maximum benefit amount which equals the lesser of 90 % of the total death benefit or the policy face amount less $ 25,000.

The maximum benefit amount available equals the lesser of 90 % of the total death benefit or the policy face amount less $ 25,000.

When the individual dies, the employer receives a portion of the death benefit equal to the amount paid in premiums.

Common carrier death benefit provision — If the insured dies while on an airplane, train, or bus, this rider provides an additional death benefit equal to 100 % of the original face amount.

This rider offers an accidental death benefit that is equal to the policy's face amount — and pays out in addition to the whole life insurance benefit if the insured dies as the result of a covered accident.

If the insured dies in an accident while he or she is a fare - paying passenger on a common carrier (e.g., airplane, train, or bus), this rider provides an additional death benefit equal to 100 percent of the original face amount or $ 250,000, whichever is less.

The death benefit in the IUL equals the face amount of the insurance policy plus the growth of the funds in the cash account.

Accidental Death Benefit Rider Provides an additional death benefit equal to the face amount of the policy if the insured dies as a result of an accident prior to a certainDeath Benefit Rider Provides an additional death benefit equal to the face amount of the policy if the insured dies as a result of an accident prior to a certaBenefit Rider Provides an additional death benefit equal to the face amount of the policy if the insured dies as a result of an accident prior to a certaindeath benefit equal to the face amount of the policy if the insured dies as a result of an accident prior to a certabenefit equal to the face amount of the policy if the insured dies as a result of an accident prior to a certain age.

You can elect to purchase an amount equal to or less than the death benefit of the base policy.

The death benefit for a life insurance policy is typically provided in a lump sum equal to the amount of the policy.

The concept sounds logical; the death benefit equals the amount of the mortgage and decreases over time as your mortgage balance is paid down.

Accordingly, a QLAC may provide for a single - sum death benefit paid to a beneficiary in an amount equal to the excess of the premium payments made with respect to the QLAC over the payments made to the employee under the QLAC.

All future premiums are waived off and paid for by the company under the Additional Savings Benefit, an amount equal to an annual premium is paid every year till the end of the term under the Income Benefit and on Maturity, total Fund Value including the top - up Fund Value which was automatically allocated to the Secure Fund on death is paid

Death benefit is equal to the face amount, plus the sum of premiums, less cumulative partial surrender

Because the money in the balloon is in the insurer's «policy reserves» as it accumulates, it reduces the amount of «present» money needed to pay a death claim in addition to the reserves to equal the death benefit.

Your total net death benefit will now equal the larger of the total specified amount less any indebtedness, the policy value multiplied by the appropriate attained age Guideline Premium Test corridor factor less any indebtedness, and $ 5,000.

If the insured lives to age 120, the death benefit amount will equal the amount of the policy's accumulation value.

As the name implies, if you choose a specific income policy settlement option, you will receive an equal dollar amount of income each year until all of the proceeds from the policy's death benefit have been paid out.

Death Benefit — In the unfortunate event of death of the Life insured, the beneficiary of the policy will receive 11 times of the Annualized Premium, 105 % of all premiums paid, absolute amount assured to be paid on death equal to the Sum Assured, or the Sum Assured on Maturity (whichever is higDeath Benefit — In the unfortunate event of death of the Life insured, the beneficiary of the policy will receive 11 times of the Annualized Premium, 105 % of all premiums paid, absolute amount assured to be paid on death equal to the Sum Assured, or the Sum Assured on Maturity (whichever is higdeath of the Life insured, the beneficiary of the policy will receive 11 times of the Annualized Premium, 105 % of all premiums paid, absolute amount assured to be paid on death equal to the Sum Assured, or the Sum Assured on Maturity (whichever is higdeath equal to the Sum Assured, or the Sum Assured on Maturity (whichever is highest)

Of course, the bond interest might not quite be enough to cover the traditional LTC premiums right now (and therefore deplete principal slightly), but it will be more than enough once rates rise, which again seems like a reasonable «bet» for someone who still has a 10 - 20 + year time horizon for long - term care and retirement needs (and over that time horizon, the client could have generated an amount equal to the hybrid life / LTC death benefit just with normal growth!).

When choosing your death benefit coverage amount, you may select a fixed death benefit that doesn't change and is equal to the amount of life insurance that you choose, or you may opt for a death benefit that grows based on the value in your savings account.

The death benefit on mortgage life insurance will decrease over time, with the face value always being approximately equal to the payoff amount of the mortgage.

His wife, who is his nominee, receives the Death Benefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shown bDeath Benefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shownBenefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shown bdeath benefit, as shownbenefit, as shown below.

Accidental Death Benefit (Life Insurance): Provision under a life insurance policy for payment of an additional amount — usually equal to the face amount of insurance — if the insured is killed in an accident.

The maximum benefit amount available equals the lesser of 90 % of the total death benefit or the policy face amount less $ 25,000.

If the life insured commits suicide within 12 months from the Policy commencement date or the date of revival of the policy, the company would pay an amount equal to 80 % of the premiums paid (excluding any underwriting extra) as death benefit.

Split dollar insurance: An arrangement between two people (often an employer and an employee) where life insurance is written on the life of one who also names the beneficiary of the net death benefits (death benefits less cash value), and the other is assigned the cash value (or equivalent amount of death benefits), with both sharing the premium payments (usually the noninsured paying a portion equal to the increase in cash value each year and the insured paying the balance of the annual premium).

Family Income Benefit (FIB)-- An amount equal to 10 % of the Sum Assured will be paid on each Policy anniversary following or coinciding with the Date of Death of the Life Insured till the end of the Policy Term, but not exceeding 10 such installmentsa

Level term policies are a bit more straightforward, the face amount of the contract is always equal to the death benefit.

Death Benefit: In case of unfortunate death of the life assured during the policy term, the claimant will receive an amount equal to the rider sum assured, which can be equivalent to the base policy sum assDeath Benefit: In case of unfortunate death of the life assured during the policy term, the claimant will receive an amount equal to the rider sum assured, which can be equivalent to the base policy sum assdeath of the life assured during the policy term, the claimant will receive an amount equal to the rider sum assured, which can be equivalent to the base policy sum assured.

If you should die in an accident while a fare - paying passenger on a common carrier (i.e. train), this rider provides an additional death benefit equal to 100 percent of the original face amount or $ 250,000, whichever is less.

Accidental death benefit riders are also referred to as «double indemnity» when the additional amount of benefit payout is equal to the original death benefit amount, causing your carrier to pay out double your original death benefit.

The nominee can avail the entire death benefit in a lump sum amount or avail 50 % of the benefit in a lump sum and the rest 50 % in equal monthly instalments @ 0.42 % of the Guaranteed Death Benefit for 10 years post ddeath benefit in a lump sum amount or avail 50 % of the benefit in a lump sum and the rest 50 % in equal monthly instalments @ 0.42 % of the Guaranteed Death Benefit for 10 years postbenefit in a lump sum amount or avail 50 % of the benefit in a lump sum and the rest 50 % in equal monthly instalments @ 0.42 % of the Guaranteed Death Benefit for 10 years postbenefit in a lump sum and the rest 50 % in equal monthly instalments @ 0.42 % of the Guaranteed Death Benefit for 10 years post dDeath Benefit for 10 years postBenefit for 10 years post deathdeath.

1) Sum assured on death plus an amount is equal to the sum assured, which is the maximum of Rs2 crore will be paid as an accidental death benefit and the policy will be terminated.

• Death Benefit, here a sum of money equalling the amount assured will get paid to the nominee of the policyholder if the policyholder happens to experience an unfortunate sudden demise during the active period of the policy

Policy holders above 18 years of age have option of availing LIC's Accidental Benefit Rider with this plan, which will provide additional amount equal to basic sum assured in case of death caused due to accident.

The savings is so pronounced that the amount of money saved by purchasing term life insurance instead of whole life insurance is almost equal to the policy's death benefit.

One basic rule of thumb is that the death benefit on your policy should equal seven to 10 times the amount of your annual salary.

Under the term insurance plan by Aegon Life, you will be able to get accidental benefits, death benefits which can be equal to 100 % of the sum assured amount.

Here, the minimum amount of Death Benefit is equal to 105 % of total premiums paid (including Top - Up premiums) up to the date of dDeath Benefit is equal to 105 % of total premiums paid (including Top - Up premiums) up to the date of deathdeath.

Death or disability Benefit: If the policyholder dies or suffers disability during the policy term, the nominee shall be paid a lumpsum amount that will be equal to 1.10 or 1.25 of the single premium paid or 5/7/10 times of the annual premium paid depending on the age of the insured and policy term.

LIC's Accidental Death and Disability Rider UIN (512B209V01): If this benefit is opted for an additional amount equal to the Accidental Benefit Sum Assured is payable on death due to accident, provided the rider is in full force at the time of the acciDeath and Disability Rider UIN (512B209V01): If this benefit is opted for an additional amount equal to the Accidental Benefit Sum Assured is payable on death due to accident, provided the rider is in full force at the time of the acbenefit is opted for an additional amount equal to the Accidental Benefit Sum Assured is payable on death due to accident, provided the rider is in full force at the time of the acBenefit Sum Assured is payable on death due to accident, provided the rider is in full force at the time of the accideath due to accident, provided the rider is in full force at the time of the accident.

The death benefit payable under the plan is equal to 2.5 times the amount of this premium payment.

Life Option with Accidental Death Benefit (ADB): If the life insured dies due to an accident, the nominee shall receive the «life option» along with ADB, which is an amount equal to sum assured of the policy