Sentences with phrase «full death benefits after»

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

Not exact matches

If you delay your claim until your full retirement age — which ranges from 66 to 67 depending on when you were born — or even longer, until you are age 70, your monthly benefit will grow and, in turn, so will your surviving spouse's benefit after your death.

If you die by any means after the first two years, the full death benefit amount will be paid to your beneficiaries.

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.

After two years, his beneficiaries will receive the full death benefit regardless of how he dies.

Just keep in mind that these policies come with a waiting period, or graded benefit, meaning your beneficiaries won't receive the full death benefit if you die soon after purchasing.

After two years, the full death benefit would be paid to your beneficiaries, regardless of the cause of death.

After two years have passed since buying the final expense policy, your beneficiaries will receive the full death benefit amount no matter what causes your death.

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.

+ 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.

A graded death benefit means the death benefit pays out the full face amount after two years or in the event the insured dies of an accidental death.

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.

Anything after the two years is a full death benefit payout.

After two years, the full death benefit will be in affect.

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

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.

(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).

After the second year, the full death benefit is payable upon death regardless of the cause of death.

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.

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.

Just keep in mind that these policies come with a waiting period, or graded benefit, meaning your beneficiaries won't receive the full death benefit if you die soon after purchasing.

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.

On most policies, full death benefits are only available after this time period has lapsed.

The company's Simplified Life is a graded death benefit whole life insurance policy is issued to those aged 50 — 80, providing death benefits from $ 2,500 to $ 25,000, level premiums guaranteed never to increase and a full death benefit payable after two policy years.

The full death benefit payout does not pay until after the first two policy years, except for accidents.

The policy comes with a two year graded death benefit, meaning the full face amount will not be paid out until after two full years.

In this case, death resulting from suicide is not covered for the first two years and will only provide a return of premiums paid; however, suicide after this two year period is generally covered and pays the full death benefit.

The major drawback is that the full death benefit is not available until after the policy has been in force for a given amount of time, usually one to two years.

Most burial insurance or final expense insurance policies come with a graded death benefit limitation which provides that the full death benefit will only be paid after the policy has been in force for two or more years.

What this means is if death is to occur within the first two years after policy issue, your death benefit will be limited to your amount of premiums plus 12 % per year, unless in the first 2 years death is accidental, in which case if pays out the full death benefit.

A graded death benefit means the full death benefit does not go into affect until after a set period of time.

Most come with a graded death benefit limitation which provides that the full death benefit will only be paid for natural causes after the policy has been in force for two or more years.

Most come with a graded death benefit limitation which provides that the full death benefit will only be paid after the policy has been in force for two or more years.

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.

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

After the waiting period expires, the full death benefit is available for death for any reason.

After the second year the death benefit is fully payable and your beneficiaries would get the full $ 10,000 on your passing.

Graded death policies pays out the full death benefit, but only after a two - year waiting period has passed since the policy was issued.

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.

A graded benefit policy does not pay out the full death benefit until two years after policy issue date.

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.

Portable allows you to continue the policy after you leave a job as long as you pay the premiums in full, level means your premiums do not increase, and term refers to the insurance being a death benefit only with no investment vehicle.

For instance, the rider may stipulate that death must occur within a certain time after an accident or that the policyholder must lose both sets of limbs or eyesight in both eyes to qualify for the full benefit.

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.

After the first two years have been passed, the full death benefit will be paid upon your death.