Sentences with phrase «face amount of one's policy»

If the insured dies from an accident, they will pay the full face amount of the policy even during the first two years.

If you live to age 100, the company will pay face amount of the policy to you.

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

Upon reaching the target age, the whole life cash value equals the target face amount of the policy.

If the policy is a term policy (unlikely), whatever is the death benefit face amount of the policy.

When the insured dies, the beneficiary or beneficiaries receive an immediate tax - free lump sum for the full face amount of the policy.

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

Upon reaching the target age, the whole life cash value equals the target face amount of the policy.

It pays the full face amount of the policy in case the insured dies within the term (coverage period), but pays nothing if the insured outlives the policy.

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.

John, Provided that you purchase a policy that only has a 2 year graded death benefit, once that graded death benefit has expired (AKA 2 years and 1 minute), your guaranteed issue life insurance policy will pay out for the full face amount of your policy regardless of how you should die (exceptions for suicide may still apply).

Initial Death Benefit Guarantee — the full face amount of your policy is guaranteed for 5 - 30 years, based on your issue age

When you die your beneficiaries only receive the face amount of your policy.

Universal life insurance option A pays the face amount of the policy when the insured dies.

The owner's policy safeguards the buyer's investment or equity in the property up to the face amount of the policy.

Also, if the claim proves valid, you will be reimbursed for your actual loss up to the face amount of the policy.

• On policies of $ 25,000 or more, you may increase the face amount of the policy using the same age as the original issue.

This means it will pay out the face amount of the policy at the insured's time of death.

The face amount of the policy is payable only if death occurs during the time stipulated in the contract.

The supplementary income is based typically on the face amount of your policy.

This cash will increase every year and will eventually be equal to the face amount of the policy when the insured turns 100.

For example, if the face amount of your policy is $ 50,000 and the disability income benefit is set at one percent, the rider would pay you $ 500 per month.

However, it contains a Graded Death Benefit for the first two years — this means that if death occurs within the first two years of policy ownership, your beneficiaries will receive your accumulated premium payments and 10 % interest instead of the face amount of your policy.

Apply for benefits from an accelerated death benefit rider — If your life insurance policy includes this rider, you may be eligible to receive part of the face amount of the policy in advance of your passing — in either a lump sum or installments.

Purchasing a Sage Whole Life Insurance policy guarantees that you will receive the face amount of the policy, providing immediate security to you and your loved ones.

Your beneficiaries receive the face amount of the policy upon your death.

If the policy holder dies during the life of the contract, the beneficiary will receive the face amount of the policy.

Accelerated Death Benefit for Terminal Illness or Nursing Home Confinement Rider is the face amount of your policy minus a 6 % charge.

This provides the opportunity to offset inflation by increasing the face amount of the policy each year — at the same premium rate.

When you die your beneficiaries only receive the face amount of your policy.

After the divorce is finalized, and if no restrictions have been placed on where the face amount of the policy can go, the policy owner can change the beneficiaries of their policy by submitting a beneficiary change form to their insurance carrier.

Face amount The face amount of the policy is the amount of the death benefit as stated in the policy.

Withdrawals — when you take a withdrawal from your policy, you will permanently reduce the face amount of your policy.

A level death benefit means the face amount of the policy is in force from day one.

Under the first option, the beneficiaries can only receive the face amount of the policy.

Coverage Amount — The face amount of a policy to be paid to a beneficiary after the policyholder passes away.

If the insured person dies within the 10 year period, the beneficiary receives the $ 150,000 (face amount of the policy).

Coverage can be purchased starting at age 0, and the face amount of the policy and premium payments remain level for the period of time you select.

A life settlement is the sale of an existing life insurance policy to an institutional investor at a price higher than the current cash surrender value, but lower than the face amount of the policy.

After the two - year Graded Death Benefit period, if you die for any reason the full face amount of the policy shall be paid to your beneficiary.

If you die in the first 24 - 36 months (carrier depending) from non-accidental causes, you will NOT receive the face amount of the policy.

Term insurance is temporary and offers coverage for a specific period of time and pays the face amount of the policy if the person insured dies during that «term.»

It pays the face amount of the policy, but only provides protection for a definite, but limited, amount of time.

The face amounts of these policies are commonly written in the area of $ 10,000 to $ 100,000.

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 certain age.

After the two - year Graded Period, if the insured dies for any reason, the full face amount of the policy is paid.

In many cases, however, the premium will not be overly costly, as the face amount of these policies is oftentimes fairly low.

The main difference between term life insurance and whole life insurance is with term life insurance, when the insured person dies, it just pays the face amount of the policy to the named beneficiary.