Sentences with phrase «face amount upon»

That means the policyholder will receive the full face amount upon reaching age 121 — good luck with that!

If the insured dies (even if it's due to old age), then the beneficiary gets the face amount upon insured's death and the policy terminates?

It is usually the most inexpensive of the types and pays the face amount upon death.

Not exact matches

, and her aura was not one which installed colempte confidence in me of her competence.Eventually, we reached a stage where the lead midwife announced that upon another examination (that we had been told was advisable due to the amount of time my partner had been in labour) that she would be calling in an ambulance as the baby was apparently taking longer to recover it «s heart rate between contractions than it had been previously which was a concern, and that my partner needed to be dealt with in hospital.The reassurance of the surroundings of home was soon replaced by a period of comparative chaos and strange faces which then developed into me travelling with my now scared and distressed partner in a speeding ambulance across a busy city road system amidst late afternoon traffic.

All you need is a nickel sized amount to massage into your face, which will absorb quickly upon application.

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

Because the amount of market discount, two points, is less than the de minimis amount (which in this case is 2.5 points, or 0.25 percent of the face value of a bond times the number of years between the bond's acquisition and its maturity), the market discount is considered to be zero and the difference between purchase price and sales price or redemption is generally treated as a capital gain upon disposition or redemption.

The face value of a loan refers to the amount of principal that a borrower has to repay the lender, which is also the amount of money that the interest payment calculation is based upon.

However, they are sold at a discount to face value with the full face amount being paid upon maturity.

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.

(2) Based upon face amount.

There were exhilarating moments of recognition, when I stumbled upon a rare plant species that I had read about in a journal article, and moments of incredible beauty that no amount of reading could have prepared me for: the tiny adrenaline rush of a bat, illuminated by headlamp, just inches from my face, or the joy of watching comical, clumsy pelicans diving for fish in the kelp forest.

The penalties you face upon conviction for a drug crime will depend on the type and amount of drug involved and any previous convictions you have.

Accordingly, before any injured person proceeds in a claim against a Florida city or county for damages sustained in an accident on public property, they need to get their evidence prepared and their case ready to file within a set amount of time or face a bar to their claim based upon immunity.

Conversely, there is no principle the effect of which confers upon the solicitor a prima face entitlement to the full amount of a margin on top of the estimate.

Even if his reasons bear on transportation of physical, solid freight, one might argue that different considerations accrue with pipelines transporting oil and gas in liquid forms and facing particular business realities in the fact that they depend upon the laying down of massive amounts of new infrastructure in their construction.

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.

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.

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

Since most AD&D payments usually mirror the face value of the original life insurance policy, the beneficiary receives a benefit twice the amount of the life insurance policy's face value upon the accidental death of the insured.

If any loans amounts are outstanding — i.e., not yet paid back — upon the insured's death, the insurer subtracts those amounts from the policy's face value / death benefit and pays the remainder to the policy's beneficiary.

The death benefit is the face amount or coverage amount of the policy that will be paid to the named beneficiary upon death of the insured (less any outstanding policy loans and interest).

However, the cash value, along with the face value, can increase or decrease the amount payable to the beneficiary upon the insured's death.

Whole life policies offer a choice of having a level benefit (where the policy pays out the face amount and any rider benefits to a named beneficiary upon the insured's death), or a graded benefit (where the policy will pay out a reduced amount of benefit if the insured's death occurs for reasons other than an accident within the first two policy years).

How a terminal illness riders works: upon being diagnosed with a terminal illness with a life expectancy of one or two years, depending on the carrier, the carrier will pay out to the policy owner up to 50 - 75 % of the face amount of the policy with a cap typically around $ 500,000.

Selected at issue and available at no additional cost, the Charitable Giving Benefit provides an additional benefit of 1 % of the base policy face amount (up to $ 100,000) upon your death to the qualified charity of your choice.9

Paying federal or state estate taxes: Your heirs may face an estate tax upon receiving their inheritance, depending upon the state of residence and the amount.

Indexed Premium Whole Life — An indexed premium whole life policy will allow the face amount of the policy to rise and fall based upon the movements of an underlying market index, provided that the policyholder chooses to accept the increase.

After the two year graded period is over, your beneficiaries are guaranteed the full face amount paid upon your death.

A withdrawal will reduce your cash value and surrender value by the amount of gross withdrawal, and will also reduce the face amount of the contract (the amount paid to beneficiaries upon the insureds death) by the amount of the withdrawal as well.

The face amount of the policy will be paid upon the death of the insured.

When the face amount is reduced in the first seven years, the seven - pay test for MEC determination is recalculated based upon the lower face amount.

(back to top) Death Benefit: In life insurance, the face amount, as stated in the policy, to be paid upon proof of death of the insured.

On the variable basis, face amount and cash value are specified in units, and the value of the units may increase or decrease depending upon the investment results.

You simply pay your monthly premiums and, upon your death, the full face value amount of your policy is contributed to that organization as a charitable gift.

Your face amount, or «death benefit» is paid to your spouse or heirs upon your death, allowing them to cover any loss of income and pay off any debts you might have, such as a mortgage or a major loan like the one you are pursuing from the SBA.

All you needed to do was pay your premiums and the face amount of the whole life insurance policy would be paid to your beneficiary upon your death.

Upon your death the face amount plus the paid up additions will be paid to your loved ones.

Term life insurance is the type of insurance which pays the face amount of the policy applied for upon the death of the insured.

Instead, the policy states that upon reaching the set age, the beneficiary will receive the face amount as stated in the contract.

Face amount is the value of the policy to your beneficiaries or the amount that it will be worth upon your death (i.e. face amount is also known as the death benefFace amount is the value of the policy to your beneficiaries or the amount that it will be worth upon your death (i.e. face amount is also known as the death benefface amount is also known as the death benefit).

Your «cash value» is held in a savings account that earns interest, separate from your face amount or death benefit, which is paid to your heirs upon your death.

To put it simply, upon the death of a stockholder the life insurance company pays to the company the face amount of the life insurance policy.

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

Upon your death, regardless of how you die other than by suicide the full face amount of the policy will be paid to your beneficiary in one lump sum or in the form of an income if you elect to go this way.

In exchange, the settlement company would make the premium payments and in turn collect the amount of the face value upon your death.

However, usually an amount equal to the policy's face value is paid upon death.

Normally, the additional benefit paid out upon death due to accident is equivalent to the face amount of the original policy, which doubles the benefit.

How Face Amount and Cash Value Work Together If the policy holder wish to have more money for his family upon his retirement then it would be more profitable if there are additional riders that are attached in the cash value account.

For a general life insurance policy, the maximum amount the insurer will pay is referred to as the face value, which is the amount paid to a beneficiary upon the death of the insured.