Sentences with phrase «for a death benefit»

The insurer initially quotes him a rate of $ 300 each year for a death benefit of $ 500,000.

«The new Builder Plus IUL is designed for death benefit protection with stronger performance and marketability.»

The decision to purchase life insurance should be based on long - term financial goals and the need for a death benefit.

Note that an annuity likely isn't your best choice if you're just looking for a death benefit.

Lifetime Builder Elite is the next generation in indexed universal life (IUL) insurance, providing a cost - effective option for death benefit protection while offering the opportunity for significant interest crediting potential.

This may sound counterintuitive, but the goal is to maximize cash value growth rather than use extra money for death benefit protection.

This new generation of indexed universal life insurance is... Built to be flexible: Lifetime Builder Elite is the next generation in indexed universal life (IUL) insurance, providing a cost - effective option for death benefit protection while offering the opportunity for significant interest crediting potential.

That appeals to people who are looking for death benefit protection, he contends.

After his unexpected revitalization, Slotsky had hit up McConn and Lara for death benefits.

When the policyholder dies, it's frequently the burden of the beneficiary to provide proof of death and file a claim for the death benefit.

If I should die first Mary would apply for my death benefit.

You pay a premium (payment) in return for a death benefit (the lump sum that will be paid to your survivors if you die while the policy is in force).

Investment - grade is the type of life insurance that is optimized for death benefit performance, in contrast to high cash value life insurance.

In addition, Sagicor's simplified issue whole life and universal life insurance policies have higher options for death benefits than you can find almost anywhere else.

Single - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of your life.

A Social Security number used for a death benefit application is a good indicator of potential fraud.

Typical life insurance strategies focus on the need for life insurance protection and this is really about the cost of paying for a death benefit.

With the help of dividends purchasing paid - up additions, it is possible for your death benefit to increase substantially over your lifetime.

You purchase life insurance for the death benefit, so your loved ones to be able to continue to be financially stable should something happen to you.

If the purpose of the permanent life insurance policy is for death benefit only, then a 1035 typically will have no benefit.

Life insurance for children is not for the death benefit.

Initial premium rate is based on age and gender for all death benefit amounts; tobacco or nicotine substitute use is an additional premium factor for death benefits of $ 101,000 through $ 300,000.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

Mortality and Expense Charge (M&E Fee)-- This fee is an insurance - related charge for death benefits associated with the annuity.

This type of life insurance policy allows those with disposable cash to pay a lump sum into a life policy for a death benefit that will be paid up until the insured dies.

A lump sum of money is paid into the policy in return for a death benefit that is guaranteed until you die.

Values for death benefits and premiums are usually determined at policy issue, for the life of the contract, and usually can not be altered after issue.

In a permanent life insurance policy, you're buying it for the death benefit for the child, period.

Whole life insurance — a type of permanent policy — may be an option for people looking for a death benefit in addition to cash value that can be accessed while they are living.

They envision life insurance simply as straight forward as paying premiums in exchange for a death benefit when they die.

An accelerated death benefit rider lets you use money normally allocated for a death benefit (the amount a life insurance policy pays out) before you die.

Life insurance goes into effect as soon as you make your first premium payment, meaning you're eligible for the death benefit as soon as the policy is in force.

You can elect for the death benefit to only pay out what has been accumulated in the cash value of the policy, which costs less than electing a fixed death benefit plus the cash value.

If no estate exists or if the executor has not applied for the death benefit, payment may be made to other persons who apply for the benefit in the following order of priority:

Each time you pay your premiums, a percentage of the premium goes toward paying for the death benefit and a percentage goes into an interest - bearing savings account.

Bill went on to say that life insurance has always been a part of his family's financial blueprint, and was purchased primarily for the death benefit.

This may sound counterintuitive, but the goal is to maximize cash value growth rather than use extra money for death benefit protection.

Term life insurance is a «pure» insurance policy: when you pay your premium, you're just paying for the death benefit that goes to your beneficiaries in the event of your death.

This planning is effective when the surviving spouse will have no need for the death benefit proceeds.

Once the need for death benefit protection has decreased, you can access the cash value in a whole life policy via policy loans.»

You're only paying for the death benefit, and when the term of the policy is up you stop paying the premiums.

For example, you might purchase universal life insurance for a death benefit and possible asset growth, but also add a term life rider to provide a larger death benefit at a lower price.

A transfer balance credit of $ 1,301,000 arises for the death benefit income stream.

On 1 July 2017, Aurelia starts to have a transfer balance account, and a transfer balance credit arises for the death benefit income stream of $ 1.3 million.

If you have to make a claim for death benefits, contact the deceased's super fund and find out exactly what you need to do.

I've tended to prefer term insurance for death benefit needs and traditional, portfolio - based (meaning investment returns are driven by the insurance company's general portfolio / account) whole life insurance with a mutual insurance company for permanent death benefit and cash accumulation needs.

Part of your premium pays for the death benefit and part of your premium is invested to produce these dividends and increase your policy's «cash value.»

When the grieving family submitted its claim for death benefits under the kidnap and ransom insurance policy the businessman had purchased and paid premiums on for many years, the large, international insurance company denied the claim without so much as an investigation.

You have a limited amount of time to file a claim for death benefits, so do not hesitate to contact us today.

Further, family members of an employee killed in climbing accidents on the job may be eligible for death benefits, which can include payments based on a percentage of the employee's wages and a burial allowance.