Sentences with phrase «full death benefit of the policy»

If your mom lives for at least two years, then the full death benefit of the policy will pay out.

If your mom lives for at least two years, then the full death benefit of the policy will pay out.

If the beneficiary sets a time to stop receiving interest payments and is alive when that time comes, they will receive the full death benefit of the policy then.

Not exact matches

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

This means if you die within the first year or two of the policy (for example), you won't receive the full death benefit.

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.

Premiums can be high and you could earn a better return in the stock market, but ROP policies offer a full death benefit as well as the possibility of a cash windfall if you outlive the term.

It gives you access to a portion (or full amount) of your policy's death benefit, if you are diagnosed with a terminal illness resulting in six months or less to live.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

If you die within two years of buying your guaranteed life insurance policy, you don't get the full death benefit amount.

Even if it is a smaller burial policy instead of the full blown large death benefit.

They also may feature graded death benefits, meaning you won't receive the full benefit amount if you die during an initial period of time (usually the first year or two of the policy).

In addition to the higher premiums, one of the main drawbacks to a guaranteed issue life insurance is that your beneficiaries wouldn't receive a full death benefit until your policy has been in force for a specific length of time (typically between one or two years, depending on the life insurance company).

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 premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

The selling policyowner receives an upfront cash payment in exchange for transferring ownership of the life insurance policy — typically more than any existing cash value but less than the policy's full death benefit — and the investor as the new owner then continues to make the ongoing / annual premium payments.

While some burial insurance policies will pay out the full amount of the stated death benefit, others pay out what are known as graded death benefits.

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.

SBLI offers a full suite of whole life insurance policy riders, such as Accelerated Death Benefit, Child Term Rider, Guaranteed Purchase Option and Waiver of Premium.

This means that if you die in the first two years of the policy, your beneficiaries will not get the full $ 25,000 death benefit.

After the two - year Graded Death Benefit period, if you die for any reason the full face amount of the policy shall be paid to your beneficiary.

If your percentage of FEV1 is lower than 40 %, your options will most likely be a graded death benefits policy, which typically have 2 - 3 years that you have to outlive before the full death benefit is in effect.

These type of policies are designed for individuals with pre-existing health conditions and have typically have a 2 - 3 year waiting period before the full death benefit goes into effect.

While pays the full death benefit from the beginning of the policy, the latter will pay a smaller benefit if you happen to die within the first two years (other than accidental death).

If, however, the insured lives past the second or third year and then passes away, the full amount of the policy's death benefit will be available to the beneficiary.

These are types of insurance policies that have a waiting period, sometimes two or three years, until the full death benefit goes into effect, and they're designed for people that have some kind of preexisting health condition.

Level benefit means once the policy has been issued, the insured's beneficiaries are eligible for the full face value immediately after death of the insured occurs with no reduction in the face amount otherwise known as the death benefit.

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.

Guaranteed issue policies usually have a waiting period of one to three years before the beneficiary can collect the full death benefit.

Death in year three or later will result in the policy paying out the full face value also known as the death benefit of the poDeath in year three or later will result in the policy paying out the full face value also known as the death benefit of the podeath benefit of the policy.

You may want to think about converting your full death benefit or even a portion of it to a permanent policy.

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.

However, if you die during the first two years and the cause of death is from an accident, they will pay the full death benefit (all no health question policies do this).

If you die within the first two years after policy was issued, your death benefit will be limited to your amount of premiums plus 12 % per year, unless you die accidently in the first 2 years you will receive the full death benefit.

The last thing to be aware of is these policies have either a 2 or 3 year exclusion period in which they do not pay the full benefit amount if death occurs within this exclusion period due to health conditions (accidents are covered).

They host a full collection of term life, universal life, and whole life to cover the many needs you and your loved ones may have, and can even get a policy with a death benefit up to $ 30,000 without a medical exam.

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

Full Endowment: Full endowment is the type of policy in which the sum assured is equivalent to the death benefit from the very beginning and the final payout is relatively higher.

With a viatical settlement, a viatical settlement company buys your life insurance policy, gives you a percentage of the death benefit upfront, and then pays all the remaining premiums to become the sole beneficiary of your policy — receiving the full benefit when you die.

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.

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.

Even if it is a smaller burial policy instead of the full blown large death benefit.

It is a graded death benefit policy, paying 110 % of premiums if the insured dies in the first two years, and the full death benefit payout in the third year.

You will automatically qualify for the policy, but it is the most expensive type available, there is usually a limit to the benefits placed on the policy, and your beneficiaries will not receive the full death benefits for a preselected period of time after it is put into effect.

Essentially, this means that the full death benefit will not go to the beneficiary if you pass away within the first two years of the policy.

Some policies only pay return of premium the first 2 years but most pay the full death benefit first two years.

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.

Additionally, once the Graded death benefit has expired, the policy will pay out it full death benefit regardless of cause of death (another part that is true).

Many of these policies also have a waiting period where you must survive for up to 2 or 3 years before the policy would pay the full death benefit to your beneficiary.

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