Sentences with phrase «face amount of the policy if»

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.

Not exact matches

The Congress faces an array of policy choices as it confronts the challenges posed by the amount of federal debt held by the public — which has more than doubled relative to the size of the economy since 2007 — and the prospect of continued growth in that debt over the coming decades if the large annual budget deficits projected under current law come to pass.

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

For example, if you are in a car crash and lose your sight in one eye due to a head injury, an AD&D policy would pay out a portion of your policy's face amount to help you pay for medical expenses or simply to help you get back on your feet.

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

If you've insured your life for $ 500,000, this is the face value of your policy — the amount that goes to your beneficiary when you die.

Not available on policies if insured is table rated D through H; or table B or C with a flat extra; or a temporary flat extra exceeding $ 25 per $ 1000 of face amount.

If you convert $ 150,000 of the term to a permanent policy you lose the remaining $ 50,000 because it is not enough to reach the minimum face amount.

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.

It's usually worth shopping around and sometimes paying a slightly higher premium for a policy that allows you to reduce the face amount of coverage, if desired, as well as to convert all or a part to a permanent policy through at least age 65.

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

If they can't afford the cost of healthcare, housing or long term care, make sure those expenses are calculated into the total face amount of your life insurance policy.

If death is by accident, some carriers will pay the full face amount, regardless of the in force policy graded period.

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.

For example, if you purchased a policy with a 25/50/100 three year grading provision and you were to pass prior to the second anniversary of the policy your beneficiary would receive 25 % of the face amount benefit.

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

You can also change the face amount of the policy up or down, if needed.

Remember, if you decide that selling a life insurance policy is a good idea for you, the influx of cash you will receive is only a fraction of the face value of the policy and the amount that your beneficiaries would receive upon your death.

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.

With these policies, if the insured passes away due to natural causes, the policy beneficiary can receive 25 percent of the policy's face amount in year one, and 50 percent of the face amount if the insured passes away during the second year of being covered by the plan.

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.

Term life insurance policies pay the beneficiary the face amount of the life insurance policy if the insured person dies during the term of the policy.

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

Waiver of Premium is not available if the face amount exceeds $ 5 million (this amount is per life, not per policy)

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.

If you are interested in a policy with a lower face amount to take care of debts and costs associated with dying, there is a very high chance you can qualify for a simplified - issue final expense policy with underwriting.

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.

The policy offers a $ 25,000 minimum face amount if you are 60 and older and is one of the most affordable Guaranteed UL policies in that age range.

If you are 65 or older or have had a change in health and the face amount of your life insurance policy is at least $ 100,000, your policy may qualify for a life settlement.

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.

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 $ 250,000.

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).

If non-accidental death occurs before two years, the policy will only pay a percentage of the face amount.

For example, a 15 - year term life policy with a face amount of $ 250,000 would pay $ 250,000 to the beneficiary if the insured died any time during those 15 years.

If you go to buy a traditional life policy, you will typically see face amount minimums of $ 50,000.

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 no longer need the policy you can choose to surrender the policy in year 20 for 50 % return of premiums paid, or in year 25 and receive 100 % of premiums paid up to 40 % of the face amount.

Even if they died in an accident during this time, they would be paid the full final expense policy face amount of $ 15,000.

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.

If you choose to convert your policy to permanent coverage down the road, you can convert all or a portion of the face amount to permanent life insurance with no evidence of insurability, i.e. no health questions and no medical exams required.

There are many types of life insurance, with varying benefits, but the main benefit of a life insurance policy is that it will pay the face amount — the amount of the policy — to the beneficiary if you pass away while the policy is in force.

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

If your income increases, you may need to review the face value (the amount paid to beneficiaries at the policyholder's death) of your life insurance policy.

Remember, if you decide that selling a life insurance policy is a good idea for you, the influx of cash you will receive is only a fraction of the face value of the policy and the amount that your beneficiaries would receive upon your death.

Everyone is going to need a policy that has at least the minimum amount of Oregon liability coverage, and if you do not meet the legal minimums, you may face fines and penalties.

If you lose one limb, you would qualify for 50 % of your policy face amount.

If you are injured or killed in an accident while riding as a fare paying passenger on a bus, train, airplane, ferry, taxi, or other type of common carrier, you are entitled to double the face amount of your AD&D Insurance policy.

People who have a serious health problem may receive a policy with a «graded death benefit,» which means the coverage amount increases over time and your beneficiaries won't receive the full face value if you die within the first few years of the policy.