Sentences with phrase «full death benefit coverage»

This policy is called «graded» because it doesn't immediately provide the full death benefit coverage.

Not exact matches

Globe Life only offers coverage with no medical exam so, if you're healthy, you'll pay higher rates for the same death benefit than you would at an insurer with full underwriting.

In addition, there's a two - year waiting period after you purchase coverage during which, if you pass away for any reason besides an accident, the full death benefit would not be paid.

In addition, if you pass away during the first 2 years of coverage due to a non-accident, your beneficiary won't receive the full death benefit.

A family income policy provides the death benefit in a unique way, but may not provide the full coverage needed with its decreasing value.

The benefit of combining the two insurances into one policy is you get life insurance death benefit coverage, help with your long - term care services, cash value growth that can be accessed via policy loans, with full cash surrender value plus return of premium if necessary.

The face amount of coverage can go up to $ 20,000, and the full death benefit will be paid out after the insured has had the policy for a period of at least three years.

Getting a level death benefit means the coverage will protect you in full immediately with no waiting period whatsoever.

10 - Year Term — With this first policy, the death benefit remains level for the full ten years and you'll have fixed death benefit coverage.

After the two years, the coverage becomes ordinary life coverage and the full death benefit would be paid to your beneficiaries upon your death.

However, the Transamerica Trendsetter LB policy will cost $ 542 per year and offers full access to death benefits in her lifetime in addition to $ 100,000 in traditional coverage!

Full benefits will be paid for accidental death from first day of coverage.

If you pass away from an accident during the first two years coverage, the insurers will pay the full death benefit to your beneficiary.

If you die on active duty, SGLI will allow your family to receive an extra $ 150,000 payment up to the maximum allowed coverage of $ 400,000, so you have the option to pay for a lower coverage amount and still receive the full $ 400,000 death benefit depending on the circumstances.

In addition, there's a two - year waiting period after you purchase coverage during which, if you pass away for any reason besides an accident, the full death benefit would not be paid.

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 you purchase a long - term care hybrid policy and never actually need long - term care, most life insurance companies have set it up so that the money you've paid in for the rider will ultimately be rerouted to your regular life insurance coverage, and your beneficiaries will receive the full death benefit amount.

High risks are declined for immediate coverage, but can qualify for «graded death benefit,» which are no - medical - exam policies that have a waiting period before full benefits kick in.

In other words, the 50 - year - old male who purchased his $ 100,000 policy for $ 1248 could double the amount of coverage to $ 200,000 total death benefit for just $ 1351 per year and the full $ 200,000 would pay out in the event that he were to die from an accidental death.

In addition, these policies don't pay the full death benefit if you die within the first few years of coverage.

... BUT it's a very expensive option, AND you must continue to pay the same premium for the full amount of coverage as you will pay once the death benefit has been reduced over time.

These are policies that are generally limited to about $ 25,000 in coverage, and will not require an applicant to take a medical exam or answer any medical questions (They will also generally have what is called a Graded Death Benefit, referring to a waiting period prior to full life insurance coverage beginning, typically 2 years).

Each insurance policy is different, and some have a duration of time that defines a delay before the full death benefit (100 % of coverage) will be paid.

If the insured person dies will the coverage is «in force», which is during the covered length of the term, the beneficiaries will receive a full death benefit.

For example, if you have high blood pressure or high cholesterol, you likely will get standard coverage, eligible for full death benefit disbursement the day after you pay your first premium.

The face amount of coverage can go up to $ 20,000, and the full death benefit will be paid out after the insured has had the policy for a period of at least three years.

A family income policy provides the death benefit in a unique way, but may not provide the full coverage needed with its decreasing value.

The benefit of combining the two insurances into one policy is you get life insurance death benefit coverage, help with your long - term care services, cash value growth that can be accessed via policy loans, with full cash surrender value plus return of premium if necessary.

A typical graded death benefit will require you to wait at least 2 years sometimes 3, before it will provide full coverage due to death caused by illness.

Will contain a «graded death benefit» which means that for the first two to three years your policy isn't going to provide coverage for «natural» causes of death, but hey, at least it will provide full coverage once the graded death benefit expires.

A graded death benefit means you have limited life insurance coverage for the first 2 years you are insured, then you have full coverage after the first two years.

The death benefit is a full coverage amount after a 3 year reduced benefit period.

A graded death benefit means you have limited life insurance coverage for the first 2 years, then you have full coverage after the first two years you are insured.

After the two - year waiting period, you will have full coverage for your policy's entire death benefit, regardless of how you pass away.

In addition, some of these plans may be graded death benefit life insurance policies, which means you won't have full coverage until you have been insured by the life insurance company for a least 2 years, depending on the insurance company.

Please note: Guaranteed issue / approval life policies usually provide accidental death coverage immediately, but they will only pay out the full death benefit if the insured passes away from a medical issue after a two year waiting period.

Guaranteed Acceptance Life Insurance is graded death benefit, which means you don't have full life insurance coverage until you have been insured for 2 years.

If the insured person passes away before being insured for at least two years, your beneficiary will only receive a portion of the death benefits, not the full coverage amount.

Graded benefit life insurance is coverage that provides full death benefits after the insured person is insured for at least 2 or 3 years.

If they want quick coverage, they should consider the fact that guaranteed issue life policies don't pay full death benefits for some predetermined amount of time after purchase.