Sentences with phrase «full face amount»

The plans do not offer full face amount coverage until the 24th month, some carriers may make you wait up to 36 months.

You are also paid the bond's full face amount at its stated maturity date.

1st year: Premium back + 10 % Interest 2nd year: Premium back + 10 % Interest 25Th Month until death — Full face amount of the policy will be in force.

Initial Death Benefit Guarantee — the full face amount of your policy is guaranteed for 5 - 30 years, based on your issue age

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.

When it matures, you receive the full face amount which equals your initial investment plus accumulated interest compounded over the life of the bond.

After the policy's been in force for two years, though, the full face amount is paid at the policyholder's death regardless of cause

After all, by participating in the settlement, they will get less than a full face amount owed.

If the insured dies before the full face amount is in force, most carriers will pay back premiums paid, plus some interest.

If death is by accident, some carriers will pay the full face amount, regardless of the in force policy graded period.

They are all Graded Life plans, most with a 36 month waiting period before the full face amount is in force.

However, they are sold at a discount to face value with the full face amount being paid upon maturity.

Options include: 1) surrender for full cash value; 2) paid - up insurance for however much the cash value will purchase; and 3) term insurance for the full face amount.

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.

John, Provided that you purchase a policy that only has a 2 year graded death benefit, once that graded death benefit has expired (AKA 2 years and 1 minute), your guaranteed issue life insurance policy will pay out for the full face amount of your policy regardless of how you should die (exceptions for suicide may still apply).

Since the policy requires no medical examination, the full face amount will not be available until the beginning of the third year.

Generally these can be taken under one of three possible non-forfeiture options: (1) surrender for full cash value; (2) use of the cash value to purchase reduced paid - up life insurance; and (3) use of the cash value to purchase extended term insurance in the full face amount of the original policy for as long as the cash value will pay net premiums.

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.

It pays the full face amount of the policy in case the insured dies within the term (coverage period), but pays nothing if the insured outlives the policy.

If you were to die from accidental causes, generally most policies will pay out the full face amount of the death benefit (less any loans against the policy).

After the two - year Graded Period, if the insured dies for any reason, the full face amount of the policy is paid.

When the insured dies, the beneficiary or beneficiaries receive an immediate tax - free lump sum for the full face amount of the policy.

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.

In contrast, some policies, such as final expense insurance, have «graded death benefits,» meaning only a portion of the full face amount is paid out if the insured dies within the first couple years of the policy.

Because life insurance death benefits that are paid to charities are not subject to taxation, the charity will be able to obtain the full face amount of the proceeds.

So instead of the long - term care benefits gradually depleting the value of the life coverage, the full face amount is available should the insured die during the time he or she is receiving long - term care payments.

You do not have to make up the full face amount on one policy because you can ladder your policies.

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

Pays full face amount for accidental death and full face amount in the third year and beyond.

If the insured dies from an accident, they will pay the full face amount of the policy even during the first two years.

When that beneficiary dies, the policy's face amount would transfer over to another beneficiary, who can choose to receive the full face amount however they wish.

Term life insurance doesn't accrue cash value like several other types of life insurance, but with many term policies, beneficiaries do receive the full face amount.

Getting a payout in installments means that it takes longer to get the full face amount, but because the carrier can hold on to a portion of your money for longer, they add interest to the policy's value, like a bank.

That means the policyholder will receive the full face amount upon reaching age 121 — good luck with that!

They are graded and generally do not pay the full face amount until year four.

They are all Graded Life plans, most with a 24 month waiting period before the full face amount is in force.

It states in layman terms, if you pass away as defined the terms in the policy then your beneficiary will receive the full face amount of the policy.

If the insured dies before the full face amount is in force, carriers will pay back premiums paid, plus some interest.My main carrier Guaranteed issue carrier, Gerber Life, will pay, in addition to the return of premiums, 10 % on the money paid.

If death is by accident, some carriers will pay the full face amount, regardless of the in force policy graded period.

After the two year graded period is over, your beneficiaries are guaranteed the full face amount paid upon your death.

If the insured dies before the full face amount is in force, most carriers will pay back premiums paid, plus some interest.

Once the 2 years is over, there is no longer this limitation and the full face amount will be paid no matter the cause of death, including suicide.

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.

This means that if death occurs within the first two years of your policy being «in - force» or «active,» your beneficiaries will not receive the full face amount.

As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid.