Sentences with phrase «face value of the policy if»

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

Term life insurance covers you for a set period, such as 10, 15, 20 or 30 years, and will pay your loved ones the face value of your policy if you die during that time.

Not exact matches

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 as the direct result of a vehicular, air, or sea accident that you did not deliberately cause, your insurer will pay your beneficiary the accidental death benefit, which is normally twice the value of your insurance policy's face value.

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

If, however you live longer than the period of coverage, you receive the policy's face value which, at that point, would equal its cash value.

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.

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.

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).

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

But if you are paying $ 5 per week for a burial policy with a face value of $ 10,000, the annual cost of that premium would actually be $ 260.

If you have a temporary need for additional life insurance above the current face value of your existing policy and want an affordable way to have coverage, considering a term rider might be a solution for you.

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.

Disadvantages: If you decide not to repay the loan, it will drop the face and cash value of your life insurance policy.

It may allow you to receive more money than if you cancelled or surrendered the policy for its cash value, but less than the face value — or death benefit — of the 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.

If you die while the policy is in force, your beneficiary will collect the face value, regardless of how much you have paid into 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.

Even if one takes the Cook study at face value, then how does a scientific consensus of 97.1 % about a fact make policy - making any easier?

If you were to die before the waiting period is over, the insurance company will not pay out the face value of the policy, but some companies will refund your premiums.

Then there are several other events that can alter the face value of the policy, for example if the cash value increases so much that the face value must also increase.

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 have one of these policies, and you die before the waiting period is over, the insurance company is not legally obligated to payout the face value of the policy.

A potential client called recently asking if he could purchase a guaranteed universal life insurance policy with $ 100,000 face value at the age of 75.

• 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.

Will pay an additional lump sum death benefit, the equivalent of 100 % of the face value of the policy, if death occurs by a covered accident.

If you were to apply for a traditional life plan, you would inherently be paying much more because the face value of the policy would be much higher than what you need.

If the purpose of the insurance is to pay off a business loan in the event of the untimely death of the principal, or to provide for any other temporary need, a 20 or 30 year term would be very low cost for high face value policies.

If you were to surrender your policy, you would get the cash value of the policy rather than the face value.

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

If you own renter's insurance and your valuables are destroyed or damaged by any covered causes, the policy will pay you the value of the items lost, up to the face value of your policy.

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.

The company pays the face value of the policy only if you die during the term period.

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.

It may allow you to receive more money than if you cancelled or surrendered the policy for its cash value, but less than the face value — or death benefit — of the policy.

If you have a temporary need for additional life insurance above the current face value of your existing policy and want an affordable way to have coverage, considering a term rider might be a solution for you.

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

If you take out a one million dollar policy then it has a face value of one million dollars.

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).

States have guaranty funds in order to protect citizens if their insurance company goes out of business, but they may not cover the full face value of the policy.

If the person dies within the specified term, the insurer pays the face value of the policy; if the term expires before death, there is no payouIf the person dies within the specified term, the insurer pays the face value of the policy; if the term expires before death, there is no payouif the term expires before death, there is no payout.

If, god forbid, something happens to you while your policy is in force, then your beneficiary receives the face value of the 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.

If, however you live longer than the period of coverage, you receive the policy's face value which, at that point, would equal its cash value.

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.

You can also get the face value of your policy pay to you while you are still alive if you become dismembered.

Meaning, even if you paid all of your premiums Because of the high face value of a million dollar life insurance policy, insurers may require you to have lab work done and may even require an ECG.

In the case of life insurance, there is a possible motive to purchase a life insurance policy, particularly if the face value is substantial, and then murder the insured.