If you pass away during this period of time, the insurer wouldn't pay
the full death benefit to your beneficiary.
If you pass away from an accident during the first two years coverage, the insurers will pay
the full death benefit to your beneficiary.
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.
If you die due to an accident, the company will pay
the full death benefit to your beneficiary.
If you pass away during this period of time, the insurer wouldn't pay
the full death benefit to your beneficiary.
If the insured dies because of natural causes, the insurer will not pay
the full death benefit to the beneficiary but instead will pay the total of all premiums paid to the company plus an additional small percentage of that amount.
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.
If you die by any means after the first two years, the
full death benefit amount will be paid
to your
beneficiaries.
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.
If you pass away during this period of time due
to a natural cause, such as a disease or heart attack, your
beneficiaries won't get the
full death benefit.
However, if John happens
to die because of an accident unrelated
to his health within those two years, his
beneficiaries will receive the
full $ 20,000
death benefit.
If you die during the first two years, the
death benefit paid
to your
beneficiaries generally will be the amount you paid in premiums plus interest, although some companies will pay the
full face amount for accidental
death.
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.
When your
beneficiaries are paid a
death benefit amount, the
full amount is theirs
to keep.
After two years, the
full death benefit would be paid
to your
beneficiaries, regardless of the cause of
death.
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).
If you die while the policy is in effect, then the insurer pays the
full death benefit to whomever you've named as the
beneficiary.
It's important
to note if you take out a loan on your whole life insurance policy and die while the loan is out, the
death benefit may be used
to pay back the outstanding amount, meaning your
beneficiaries won't get the
full amount.
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.
+ read
full definition for the
death benefitDeath
benefit Money that your life insurance or savings and pension plan (s) pays
to your estate or
beneficiary after your
death.
College Education
Benefit for Children and Spouse: Your beneficiary will receive 2 % of your accidental death benefit (up to $ 3,000 per year) for each of your children (and / or spouse) attending college full - time on the date of the ac
Benefit for Children and Spouse: Your
beneficiary will receive 2 % of your accidental
death benefit (up to $ 3,000 per year) for each of your children (and / or spouse) attending college full - time on the date of the ac
benefit (up
to $ 3,000 per year) for each of your children (and / or spouse) attending college
full - time on the date of the accident.
* If
death occurs due
to accidental causes, the
full death benefit will be paid
to the
beneficiary, less any policy obligations.
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.
After two years, the
full death benefit would be paid
to your
beneficiaries, regardless of the cause of
death.
If the insured dies at any point during the term, the
full value of the
death benefit will be given
to the
beneficiaries.
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.
If the insured passes away during that period, the
full amount of the
death benefit is paid
to the
beneficiaries the insured chose.
After the two years, the coverage becomes ordinary life coverage and the
full death benefit would be paid
to your
beneficiaries upon your
death.
Guaranteed issue policies usually have a waiting period of one
to three years before the
beneficiary can collect the
full death benefit.
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.
It's important
to note if you take out a loan on your whole life insurance policy and die while the loan is out, the
death benefit may be used
to pay back the outstanding amount, meaning your
beneficiaries won't get the
full amount.
If
death occurs as a result of an accident in the first 2 years, the
full death benefit is guaranteed
to be paid
to your
beneficiary.
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.
If you die while the policy is in effect, then the insurer pays the
full death benefit to whomever you've named as the
beneficiary.
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.
That means your
beneficiary may not get the
full death benefit if your spouse is entitled
to half of it.
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.
The most common type of guarantee is a
death benefit guarantee which guarantees that upon your
death the greater of the current contract value or the
full amount of your contributions (minus any withdrawals) will be paid out
to your
beneficiary.
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.
Whenever you should pass away, the policy will pay the
full death benefit directly
to your
beneficiary (s).
If
death is due
to accidental causes within the first two policy years, the
full death benefit shall be paid
to the
beneficiary.
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.
If the insured passes away and the
beneficiary produces a
death certificate then the life insurance company has
to payout the
full death benefit.
The chances are that you are going
to outlive the 2 year period which will result in your
beneficiaries receiving the
full death benefit.
However, starting day one of policy year three, the
full amount of the policy's
death benefit will be paid
to the
beneficiary should the insured pass away for any reason.
If an insured person dies during the free look period, a
full death benefit must be paid
to beneficiaries of the contract.
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.
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.
In other words, regardless of how long the insured has had the policy, upon
death, the policy will pay out the
full amount of the stated
death benefit to the named
beneficiary.