Sentences with phrase «fixed amount of death benefits»

This type of policy pays your beneficiary a fixed amount of death benefits if you die in an accident.

This type of policy pays your beneficiary a fixed amount of death benefits if you die in an accident.

Typically, these policies will have a fixed amount of death benefit, as well as a fixed premium charge for the life of the plan.

Not exact matches

In addition, since the amount of the death benefit will remain fixed throughout the term of the policy, the death benefit your family will receive will be higher.

What is different between whole life and universal life is that with whole life, premiums and the amount of the death benefit are fixed.

The fixed amount paid by latter to the former is referred to as the premium payment and the lump - sum amount paid to the nominee in the event of the death of the latter if referred to as the death benefit.

Typically a universal life policy will have two options for the death benefit payout which are option A and option B. Option A is your normal fixed death benefit payout without any cash value, usually this is the amount of coverage you got when you first bought the policy.

You pay a fixed premium for a fixed amount of life insurance and both your premium and death benefits are guaranteed for your lifetime as long as premiums are paid on time.

Using this plan, the insurance carrier will calculate a fixed guaranteed amount of monthly income based on the death benefit amount, gender, and age for the life of the beneficiary.

In case of «Whole Life Plan'the policy holder is obliged to pay a fixed amount of premium on a regular basis till the term of the policy, failing which will cease the death benefit payable under the policy.

Typically, with a level term life insurance policy, the amount of the death benefit and the amount of the premium will remain fixed.

You can choose this product to come fixed with the death benefit being 100 % of the face value from the start, graded which causes your death benefit to be limited the first two years but you will receive the greater of the sum of the total premium paid with 4.5 % interest of 30 % of the face amount, or you can choose modified which offers a limited death benefit for the first two years based on return of premium paid plus 10 %, after the two years the death benefit is 100 %.

This can affect the company's ability to pay any benefits that are greater than the value of your account in mutual fund investment options, such as a death benefit, guaranteed minimum income benefit, long - term care benefit, or amounts you have allocated to a fixed account investment option.

The Flex Protector is a whole life insurance policy, where the death benefit is fixed, as is the amount of the premium.

Fixed Death Benefit — Standard term policies also have a fixed death benefit, the amount of which is determined by the policyholder at issuance and affects the premium payments that will be Fixed Death Benefit — Standard term policies also have a fixed death benefit, the amount of which is determined by the policyholder at issuance and affects the premium payments that will be Death Benefit — Standard term policies also have a fixed death benefit, the amount of which is determined by the policyholder at issuance and affects the premium payments that will bBenefit — Standard term policies also have a fixed death benefit, the amount of which is determined by the policyholder at issuance and affects the premium payments that will be fixed death benefit, the amount of which is determined by the policyholder at issuance and affects the premium payments that will be death benefit, the amount of which is determined by the policyholder at issuance and affects the premium payments that will bbenefit, the amount of which is determined by the policyholder at issuance and affects the premium payments that will be made.

When choosing your death benefit coverage amount, you may select a fixed death benefit that doesn't change and is equal to the amount of life insurance that you choose, or you may opt for a death benefit that grows based on the value in your savings account.

Therefore, for someone who is on a fixed budget, a permanent life insurance policy may be a good option — even though these policies will oftentimes start out with a higher premium cost than a comparable term insurance policy with the same amount of death benefit.

Joint Life Annuity for life (without any death benefit), which entitles the annuitants to receive a pre-decided, fixed, guaranteed amount, provided at least one of the annuitants is alive.

Death Benefits: If the insured dies before the maturity, then the nominee gets the sum assured on death subject to a minimum of 105 % of the total premium amounts paid till death + accrued Fixed Regular AddiDeath Benefits: If the insured dies before the maturity, then the nominee gets the sum assured on death subject to a minimum of 105 % of the total premium amounts paid till death + accrued Fixed Regular Addideath subject to a minimum of 105 % of the total premium amounts paid till death + accrued Fixed Regular Addideath + accrued Fixed Regular Additions

The basic features of this policy are: ● Fixed minimum basic sum assured ● Death benefit is higher of 10 times the annualized premium or absolute amount assured ● On maturity, sum assured and bonus is payable ● The death benefit amount is tax -Death benefit is higher of 10 times the annualized premium or absolute amount assured ● On maturity, sum assured and bonus is payable ● The death benefit amount is tax -death benefit amount is tax - free

Lumpsum + Fixed Monthly Income Benefit: This option shall help the nominee to receive 10 % of the death benefit at the time of death and remaining amount as part of regular monthly income over a period of 1Benefit: This option shall help the nominee to receive 10 % of the death benefit at the time of death and remaining amount as part of regular monthly income over a period of 1benefit at the time of death and remaining amount as part of regular monthly income over a period of 15 years

This subcategory of universal life insurance offers tax - deferred cash accumulation while maintaining a death benefit, allowing the policyowner to allocate the cash value amounts to either a fixed or equity index account.

A settlement option for life insurance where the death benefit is paid in a series of fixed amount installments until the proceeds and interest earned is terminated.

In addition, since the amount of the death benefit will remain fixed throughout the term of the policy, the death benefit your family will receive will be higher.

It would be possible to write an insurance policy that way if you wanted to, however, normally a life insurance policy pays a fixed amount of money (known as the death benefit) to a chosen beneficiary.

Unlike term and whole life insurance, which offer fixed premiums, guarantee universal life policies allow you to vary the amount and timing of your premiums — and even the death benefit — based on your individual circumstances.

The size of installment will depend on maturity / death benefit amount, duration of the installments (5, 10 or 15 years) and the interest rate as fixed by LIC from time to time.

Choose between two Death Benefits; one that provides your family with a fixed Monthly income for 15 years, whereas the other offers your family a 50 % lump sum of the Sum Assured at Claim intimation and the remaining amount is paid out on an annual basis in increasing instalments over a period of 10 years.

This benefit offers fixed amount or some pre-defined percentage of the sum insured, whichever is lower as the education benefit for the kids due to accidental death or disability of the life insured during the policy term.

For a fixed - amount whole life insurance policy, the amount of the death benefit payable if the insured person dies while the policy is in force.