Sentences with phrase «free death benefits payable»

This will provide him with $ 118,073 in income tax - free death benefits payable to his beneficiary upon his death.

Not exact matches

Loans and partial withdrawals will reduce the cash value and the death benefits payable to your beneficiaries, and withdrawals above the available free amount will incur surrender charges.

Death benefits are payable on the death of the insured and are generally payable to the beneficiary or beneficiaries income tax Death benefits are payable on the death of the insured and are generally payable to the beneficiary or beneficiaries income tax death of the insured and are generally payable to the beneficiary or beneficiaries income tax free.

And the words «tax free» should not really be associated with life insurance, except for the death benefit payable to your beneficiary.

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

The highlights of the key features and benefits are as follows: ● There are maturity benefits with a sum assured at the end of the term plan ● There are death benefits ● Annual income payments to the family in case of an untimely death ● Maturity amount is free from tax under section 10D, and Premium payable is applicable for rebate under section 80C ● The Policy garners profits from LIC in the way of bonuses

The death benefit is delivered tax - free irrespective of who acquired and owns the insurance policy unless the death benefit is payable to certain corporations.