Sentences with phrase «face value amount if»

These riders pay out double or triple the policy's face value amount if the policyholder dies as a result of an accident.

Not exact matches

A # 34 million loss for the last recorded accounting period (2012 - 3), including staff costs of # 26.1 million is far from small beer and if the television deal Leicester will enjoy from August makes those amounts look piddling at face value, the wages and transfer fees required to compete at the top level will almost certainly be sufficient to keep the club in the red for some time to come.

State laws allow bail bond companies to charge defendants a premium of up to 12 percent of the face value of the bond imposed by a judge, in exchange for a promise to pay the full amount to the court if the defendant doesn't show up for trial.

If you settle for less than the face value, that says something different entirely; not only could you not pay the original creditor, you had to negotiate to reduce the amount to pay the debt collector.

Under the de minimis rule, if a bond is purchased with a small amount of market discount — an amount less than 0.25 percent of the face value of a bond times the number of complete years between the bond's acquisition date and its maturity date — the market discount is considered to be zero.

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.

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.

the amount below the stated «face» or par value when a fixed - income security (e.g. a bond) is bought or sold; for example, if a bond's face value is $ 1,000 and it sells for $ 900, it was sold at a discount

Under either option, a higher death benefit may apply if the value in the Policy Account reaches a certain level relative to the Face Amount.

But if the value of the underlying drops, as it always could, the main risk you face is losing your premium, an amount that's usually much smaller than the initial margin requirement.

It is important that you pay off the loan; if you die before the loan is repaid, the outstanding loan amount plus interest will be deducted from the face value before the proceeds are paid to your beneficiaries.

According to an article published by U.S. News, «Whole life insurance can allow for a buildup of cash value and if held long enough can increase the value and face amount.

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.

While some costs can be established with a fair amount of certainty, other amounts are open to interpretation: for example, how does one place a monetary value on the permanent disfigurement of a face, or evaluate how much money a student would have earned in the workforce if not for a brain injury suffered, perhaps, in a car accident?

Furthermore, a slightly reduced amount of the face value can be paid to the insured if they suffer an accident.

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.

However, Universal Life is more flexible than whole life, allowing the premium and face amount to change.This can be advantageous if you have either limited funds and you can not make a large premium payment or you have excess funds and you want to store up some additional cash value in your policy for a «rainy day».

• 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.

Choosing the face value (the amount your policy pays if you die) depends on:

And the face value is the amount the company will pay out if you were to pass away.

It's wise to purchase only if a person could afford a decent amount for the face value.

If the insured person dies and the policy has a cash value, the cash value is often paid out tax free, in addition to the policy face amount.

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.

The face value is the amount of money that will be paid out if you were to pass away.

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.

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.

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.

If the death benefit face value is $ 250,000 (for example), and the beneficiary elects to receive monthly payments instead of the lump sum amount, the additional interest received above the $ 250,000 face amount is taxable.

What happens is, if you do use the benefit, again which is 2 % of the face value per month, your death benefit is reduced by that amount until the entire face value has been reduced to zero.

If the insured dies within the term of coverage, the insurance company will pay out the designated dollar amount equal to the face value of the policy to the beneficiaries named in the contract.

If you happen to use a price comparison website such as this one to assess numerous different burial insurance quotes from different companies, you will also have to remember not to take these amounts at face value.

If you're looking for larger face amount cash value whole life insurance, you might be in the wrong place because there are other providers who operate within this niche.

If you choose to pay off the loan, your death benefit will be reinstated as the initial face value of the policy (plus the entire cash - value amount earned while owning the policy, if you have requested that optionIf you choose to pay off the loan, your death benefit will be reinstated as the initial face value of the policy (plus the entire cash - value amount earned while owning the policy, if you have requested that optionif you have requested that option).

If the insured person passes away (an income earning person), the policy will pay out the face value, regardless of the amount of cash which has accumulated.

If it comes down to it, you may want to choose a lower end face value amount just to provide your family with the ability to pay the funeral bills associated with your death.

Endowment policy: A life insurance policy in which the cash value and face value are equal to each other at the policy's maturity date; a policy under which the face amount is payable on a specified future date (maturity date) if the insured is then living, or at the insured's death, if that should occur sooner.

If you surrender your policy you will receive the cash value not the face amount.

These riders pay out double or triple the policy's face value amount, if the policyholder's death occurs

If you have a 30 - year mortgage and owe $ 200,000... voila, you know your amount (policy «face value») of coverage you need and length of time («term» in life insurance jargon).

A provision in a life insurance policy that if the death occurs during a certain time period (often 20 years), the policy will pay an amount equal to the cash value of the policy as of the date of death in addition to the face amount owed.

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 accValue 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 accounIf 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 accounif there are additional riders that are attached in the cash value accvalue account.

My policy has a death benefit that actually increases by more than my cash value over the years so if i die my beneficiaries get the original face amount PLUS the cash value and then some!

If you would take the offerings at face value you would believe that seniors only need small amounts of life insurance and they would all somehow be better served by not taking an exam.

I just defined the way it was, and if your pockets are deep enough you can still buy it that way, but the new, improved whole life has premiums that run to your age 121 and the cash value in the policy equals the face amount at 121.

The face value of the policy can not be lower than the amount purchased, but it can be higher if there is a cash value in the account after you die.