Sentences with phrase «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 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 acBenefit 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 acbenefit (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.