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

In many of these cases, a term life insurance policy is often the most inexpensive choice and the full face value of the policy pays out on the policy holder's death.

Every guaranteed acceptance life policy will immediately pay out the full face value of the policy if death is due to an accident.

Unlike traditional mortgage life insurance whose value decreases as you pay down your mortgage balance, term life insurance plans pay the full original face value of your policy to your beneficiary.

If you pass away during the period of coverage, your beneficiaries would receive the entire face value of the policy.

The charity benefits by receiving the full face value of the policy without taxes.

This is a basic permanent life insurance policy that provides an accumulated cash value in addition to the actual face value of the policy.

You have two options when it comes to death benefits: an increase equal to the overall face value of your policy or a fixed amount.

The maximum face value of a policy that an insurance company will issue without the life to be insured taking a medical examination.

In other words, the plaintiff in an insurance bad faith case may be able to recover an amount that is much larger than the original face value of the policy.

That's because most policies are either not renewable after age 85 or are so expensive that your annual premium can be 50 % or more of the entire face value of the policy.

With a few good choices on how the premiums are invested, a variable life policy has the potential to generate a much higher payout than the actual face value of the policy.

Death in year three or later will trigger the policy to pay the full face value of the policy.

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 option).

The company often pays you the full face value of the policy if you live to the end of the specified mortality table, which, as its name suggests, tabulates your life expectancy based upon your age and health.

Unlike traditional mortgage life insurance whose value decreases as you pay down your mortgage balance, the CoverMe Term Life plan pays the full original face value of your policy to your beneficiary.

If you pass away during the period of coverage, your beneficiaries would receive the entire face value of the policy.

If you live that long, the company will send you a check for the full face value of the policy.

Also called the face value of the policy, this refers to the payout the beneficiaries will receive upon your passing.

In the case that you pass, the policy beneficiaries should file a claim with the insurer, after which point the circumstances of your death will be reviewed and receive the payout (also called a death benefit or the face value of the policy) so long as everything is in order.

A portion of your premium pays for life insurance coverage equal to the face value of the policy.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

So, for example, if you purchased enough coverage to cover one child's education and later decide to have a second child, you can adjust the face value of your policy to reflect the increased costs.

If you die as the direct result of what insurance companies term «misadventure» (murder, fatal falls, work - related or industrial accidents and similar), your insurer will investigate the circumstances of the death and pay your beneficiary two or three times the face value of your policy.

This payout is called the death benefit or face value of the policy, can vary from $ 10,000 to above one million dollars.

While key employee life insurance is usually purchased for high - earners, you should note that the face value of the policy is often limited to a multiple of the insured's income, such as 10X.

If you die during the policy term, your beneficiary would receive a death benefit equal to the face value of the policy.

A portion of your premium pays for life insurance coverage equal to the face value of the policy.

Also called the face value of the policy, this refers to the payout the beneficiaries will receive upon your passing.

In the case that you pass, the policy beneficiaries should file a claim with the insurer, after which point the circumstances of your death will be reviewed and receive the payout (also called a death benefit or the face value of the policy) so long as everything is in order.

It is not added to the face value of the policy, which your beneficiaries get if you pass away.

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.

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

So, for example, if you purchased enough coverage to cover one child's education and later decide to have a second child, you can adjust the face value of your policy to reflect the increased costs.

But repay it as soon as possible because if you die before it's repaid your insurance company will deduct the face value of your policy with the outstanding balance plus interest.

The only benefit paid to your family is the face value of the policy, the $ 125,000 in our example.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

If you die within the time period defined in the policy, the insurance company will pay your beneficiaries the face value of your policy.

Whole life requires the policy owner to pay a fixed monthly premium for the rest of their life, and upon death, the company will payout the face value of the policy (death benefit) to the beneficiary.

To do so, you will need to directly compare the short and long term costs of a whole life policy and a term policy, based on factors like your age, the face value of the policy you want to buy, and whether or not you are a smoker.

Adding up your living expenses, your home mortgage, pay - off of all debts, and your children's education can help you understand the face value of a policy your family will need if you die prematurely.

Life insurance provides a flexible tool, with many variables that can be adjusted to suit your needs, including the face value of the policy.

If you want to hammer home an argument, it would be that when you die, they only pay the face value of the policy.

Term life coverage means that the face value of your policy will be paid to your beneficiary if you die within the term period and not afterward — unless the term policy is renewed upon its expiration, which almost always means higher premiums.

If you die within the time period defined in your policy, the insurance company will pay your beneficiaries the face value of your policy.

Whether or not the policy holder dies, the face value of that policy is paid out in full.

That means, the value of the policy will grow each year, tax - deferred, until it matches the face value of the policy.

When the insured passes away, the beneficiary only receives the face value of the policy and loses the money saved within it.