Sentences with phrase «full face amount of the policy»

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

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).

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.

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.

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.

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

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.

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.

If you died 6 years in the future, or even later than that, the full face amount of the policy will be paid to your beneficiary, plus any dividends or paid up additions accumulated up to that time.

When an insured dies the full face amount of the policy, or an income derived from the face amount of this policy, is paid out to the beneficiaries.

If you committed suicide after that 2 year contestable period the full face amount of the policy will be paid.

Upon your death, regardless of how you die other than by suicide the full face amount of the policy will be paid to your beneficiary in one lump sum or in the form of an income if you elect to go this way.

Furthermore if death should occur during the graded period, by accident, then they may pay the full face amount of the policy.

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.

Graded Life Insurance policies are pretty straightforward, for the first 2 years they will return the premium paid, plus interest (Carriers vary) and on the 25th month the full face amount of the policy will be in - force.

The full face amount of the policy will not be paid until the policy has been enforced for two years.

After two years, all types of death are covered for the full face amount of the policy.