Sentences with phrase «full amount of the death benefit»

This means that in many cases the full amount of death benefit will be paid upon the death of the insured without a waiting period.

If you die at any point during the term, the full amount of your death benefits will be paid.

Once three years have elapsed, however, the full amount of the death benefit will be paid out to the policy's named beneficiary upon the death of the insured.

One of these is the fact many guaranteed acceptance life insurance policies will not pay out the full amount of the death benefit if the insured dies within the first two years of owning the policy.

The full amount of death benefit is received via a lump sum, essentially in one single check.

Therefore, in order to compensate for some of this risk, the full amount of death benefit may not be available to the beneficiary if the insured dies within the first two or three years of policy ownership.

If, however, the death was due to an accident, the full amount of the death benefit will be paid.

If the insured passes away during that period, the full amount of the death benefit is paid to the beneficiaries the insured chose.

In the level benefits policy, the full amount of the death benefit on the policy is usually paid out if the insured passes away at any point after the policy has been issued.

Here, the named beneficiary will not receive the full amount of the death benefit if the insured dies within the first two or three years that the policy is in force.

(If however, the insured remains alive for at least two more years, the beneficiary will receive the full amount of the death benefit after that).

With the whole life insurance policy through Colonial Penn, the full amount of the death benefit will be paid out to a named beneficiary (or multiple named beneficiaries), regardless of when death occurs.

Once two years have elapsed, however, the full amount of the death benefit will be paid out to the beneficiary, regardless of the cause of death of the insured.

Depending on the policy option that is chosen, Senior Life Insurance Company offers whole life insurance plans that will pay out the full amount of the death benefit, regardless of when the insured passes.

A policy add - on that will have the Insurance Carrier pay out an additional benefits — up to the full amount of the death benefit — if either the insured's death is the result of an accident or loses a limb or digit because of an accident.

This means that in many cases, the full amount of death benefit will be paid upon the death of the insured without a waiting period.

These citizens believe that their life insurances policies are great assets to leave behind to their loved ones, especially if the full amount of the death benefit could be taken advantaged of.

If you die anytime during the term, your chosen beneficiary receives the full amount of the death benefit.

This means that there is no need to wait for two or three years of policy ownership in order for the full amount of the death benefit to be paid out.

Should the insured live past the first few years of policy ownership and pass away after that, the beneficiary would be able to receive the full amount of the death benefit — even on a plan that contains the graded death benefit option.

If, however, the senior insured dies after owning the policy for longer than two years, and then the beneficiary would be able to receive the full amount of the death benefit that is stated in the policy.

This is because, in some cases, the named beneficiary may not be able to receive the full amount of the death benefit that is stated on the policy.

But, if you die before the term ends, then your beneficiary will receive the full amount of the death benefit from your policy.

Although these policies are very easy to qualify for, they typically have lengthy waiting periods before the full amount of death benefit will be paid out.

It is important to note, though, that if the insured has been covered for a longer period (i.e., he or she has lived beyond the length of the probationary time limit), then the full amount of the death benefit can be paid out to the named beneficiary.

In spite of these two issues, while we'll never know whether the full amount of the death benefit was paid, we do know that after a full investigation a death benefit was paid by the company.

In any other case, the nominee will get the full amount of death benefit.