Sentences with phrase «face amount of the death benefit»

Moreover, the face amount of death benefit is also flexible and you can increase or decrease it with regard to your current financial opportunities.

Then, the addition of a qualified long - term care rider will allow the life insurance contract to be accessed for living benefits by paying down the face amount of the death benefit when the policyholder qualifies for long - term care benefits.

Not exact matches

An accelerated death benefit allows a policyholder to receive an advance of the face amount if diagnosed with a terminal illness and given less than twelve months to live.

The payment of the accelerated death benefit reduces the stated face amount and stated cash value.

Extended Death Benefit Guarantee — 50 % of your policy's face amount is guaranteed as long as your policy is in force

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.

Changes in the Death Benefit Option may result in changes to the policy's Face Amount and may require evidence of insurability.

So, if you had a $ 500,000 death benefit and your insurer capped the amount you could accelerate at «the lesser of $ 250,000 or 75 % of the policy's face value», you could request up to $ 250,000 while still living.

When purchasing life insurance coverage, it is important to determine what type of policy — as well as how much in death benefit (face amount)-- will be right for you and your survivors.

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

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

This «living benefit» allows the insured to receive 75 percent of the policy's face amount in advance — up to a maximum dollar amount of $ 750,000 — in the event of a terminal illness diagnosis that will likely result in death within 24 months.

The death benefit can also be defined as the face value or face amount of a life insurance policy.

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 poDeath 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 podeath 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.

The face amount of coverage can go up to $ 20,000, and the full death benefit will be paid out after the insured has had the policy for a period of at least three years.

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

The policy includes a guaranteed death benefit between the lesser of $ 10,000 or 10 % of the policy face amount.

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

If there are any loans against the life policy, then these amounts will reduce the face value of the death benefit when the insured passes away.

Some examples include accidental death benefit, which pays double the face amount for accidental deaths, and child term rider, which adds coverage to the child of the insured.

Three of the top factors used in evaluating a policy include the face amount (death benefit), the amount of premiums due each year on the policy, and the life expectancy of the insured.

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.

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

Making a list of your month to month expenses will help you to determine how much your policy face amount (death benefit) should be.

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.

When you are trying to figure out what you will receive in terms of face value for the policy, the face value is the amount of the death benefit provided.

The life insurance cash value is the amount of money you are given if you cancel (surrender) the policy before you die, while the face amount (death benefit) is the amount your beneficiaries will be paid upon your death.

A graded death benefit means the death benefit pays out the full face amount after two years or in the event the insured dies of an accidental death.

Which means we make consider a specific face amount should be enough but in reality that number could change real easy due to inflation and additional liabilities requiring more life insurance in the form of a higher death benefit.

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.

The policy includes an accelerated death benefit, which provides up to $ 500,000 or 75 % of the face amount in advance if the insured is diagnosed with a qualifying terminal illness.

If you need a high face amount otherwise known as your death benefit, Term life insurance will cost you the least amount of money so you can have a high face amount at a very affordable premium.

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

PlanRight Graded Benefit: If death occurs in first two years, the policy pays out 30 % of face amount in year one and 70 % of face amount in year two.

• Accidental Death Benefit Rider — If you should die as a result of a covered accident, additional death benefits are payable equivalent to the face value of the policy (minimum amount must be $ 25,000) and will be payable to a maximum of $ 250Death Benefit Rider — If you should die as a result of a covered accident, additional death benefits are payable equivalent to the face value of the policy (minimum amount must be $ 25,000) and will be payable to a maximum of $ 250death benefits are payable equivalent to the face value of the policy (minimum amount must be $ 25,000) and will be payable to a maximum of $ 250,000.

Modified Death Benefit: Face amounts of $ 5,000 — $ 25,000 available.

Effect on policy: After payment of an accelerated death benefit, the policy face amount will be reduced proportionally to the amount you chose to accelerate.

This type of insurance will pay a beneficiary the policy's face amount (or death benefit) only if the insured should die suddenly (and accidentally).

Also, Accelerated Death Benefit Riders where you can collect up to 50 % of your policies face amount.

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.

Graded which causes your death benefit to be limited the first two years but you will in return receive the greater sum of the total premium paid with 4.5 % interest of 30 % of the face amount.

Level benefit means once the policy has been issued, the insured's beneficiaries are eligible for the full face value immediately after death of the insured occurs with no reduction in the face amount otherwise known as the death benefit.

The good part is if you need a high face amount otherwise known as your death benefit, Maine Term life insurance will cost you the least amount of money so you can have a high face amount at a very affordable premium which will not put your finances in jeopardy.

(Note: The cash value of a policy is not the same as the face amount that's paid out as a death benefit to your beneficiaries.

With the accelerated death benefit, if you are diagnosed terminally ill then your life insurance policy will pay out 25 % up to 80 % of the face amount depending on the specific carrier and the face amount of your policy.

If you need a high «face amount» otherwise known as a death benefit, Term life insurance will cost you the least amount of money so you can have a high face amount at an affordable premium.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

The good part is if you need a high face amount otherwise known as your death benefit, Minnesota Term life insurance will cost you the least amount of money so you can have a high face amount at a very affordable premium.

In this example, your death benefit (the face amount of the policy) would remain unchanged.