Sentences with phrase «expected death benefit of a policy»

Life Settlements - a contract or agreement in which a policyholder agrees to sell or transfer ownership in all or part of a life insurance policy to a third party for compensation that is less than the expected death benefit of a policy.

Not exact matches

Do not expect to die with term in force, since 99 % of policies expire without paying a death benefit claim.

Premium payments are also fixed for the term of the policy, but because a death benefit payout is expected more often than not, premium rates are often higher than with term life insurance.

If you become diagnosed with a terminal illness, you can access up to 60 % of the policy's death benefit or $ 1 million (whichever is less), when death is expected within six months.

If you own a typical permanent life insurance policy (lifetime coverage) and did a straight present value calculation of the premiums you can expect to pay during your lifetime, the total will be less than the death benefit.

Like North American, an actuarial reduction is applied, but the policy owner can still expect to receive 90 - 95 % of the death benefit in most cases.

The Living Needs Benefit Rider is simply added to the policy, AT NO EXTRA CHARGE, allowing them to receive a portion of the death benefit prior to death if they have been confined to an eligible nursing home for at least 6 consecutive months, and is expected to be permanently coBenefit Rider is simply added to the policy, AT NO EXTRA CHARGE, allowing them to receive a portion of the death benefit prior to death if they have been confined to an eligible nursing home for at least 6 consecutive months, and is expected to be permanently cobenefit prior to death if they have been confined to an eligible nursing home for at least 6 consecutive months, and is expected to be permanently confined.

Accelerated Benefit Rider A life insurance policy benefit that allows the insured or policy owner The right to receive a percentage of the insurance policy death benefit in advance if the insured is diagnosed with a terminal illness and not expected to live for a period of at least 12 Benefit Rider A life insurance policy benefit that allows the insured or policy owner The right to receive a percentage of the insurance policy death benefit in advance if the insured is diagnosed with a terminal illness and not expected to live for a period of at least 12 benefit that allows the insured or policy owner The right to receive a percentage of the insurance policy death benefit in advance if the insured is diagnosed with a terminal illness and not expected to live for a period of at least 12 benefit in advance if the insured is diagnosed with a terminal illness and not expected to live for a period of at least 12 months.

If you become diagnosed with a terminal illness, you can access up to 60 % of the policy's death benefit or $ 1 million (whichever is less), when death is expected within six months.

When I calculate the expected net present value of death benefits minus premiums for new cash value policies using an after - tax discount rate, the result is usually positive.

A life insurance policy benefit that allows the insured or policy owner The right to receive a percentage of the insurance policy death benefit in advance if the insured is diagnosed with a terminal illness and not expected to live for a period of at least 12 months.

Hello Liz, You are correct, as a California resident policy holder, in the very remote case of liquidation of Genworth, the California Health & Life Insurance Guarantee Association would pay as follows: Life insurance death benefit protection: 80 % of the policy death benefit up to a maximum of $ 300,000; However, as Chris mentioned in the article, our sincere expectation is that Genworth will not have to be liquidated nor become bankrupt, as we expect any number of other much better resolutions will occur.

Purchasing a life insurance policy with a death benefit large enough to offset the amount of capital gains and estate tax you expect your estate to be subjected to, guarantees your beneficiaries will not be forced to sell your assets or be left with a fraction of your estate.

Like any other life insurance, the policyholder of a universal variable policy is expected to get a death benefit.

A viatical settlement company or provider is a company or a person which purchases death benefits of life insurance policies from ill person less than the expected amount of death benefits.

For example, if an individual owns a whole life policy with a death benefit of $ 100,000 and a cash value account worth $ 25,000, it is common for beneficiaries to expect a payout of $ 125,000.

The following figures will provide a rough idea of what you might expect to pay for a whole life policy with death benefits valued at $ 250,000.

Another rider, called accelerated death benefits, would allow you to collect a portion of the policy value yourself if you become terminally ill and are expected to pass away in a relatively short period of time, such as one year.