Sentences with phrase «full lump sum death benefit»

Once these two years have passed, the full lump sum death benefit amount will go to your chosen beneficiary regardless of the cause of death.

If you do die, your beneficiary will receive the full lump sum death benefit.

Not exact matches

Fixed annuities offer a standard death benefit of a lump sum payment or withdrawals under an income option of the full value of the contract at time of death.

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.

The nominee can choose either to receive annuity payouts from the death benefit partly or in full or withdraw the lump sum 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.

The lump sum death benefit is payable as long as the deceased worker was considered to be currently insured, which means they had at least 6 quarters of earnings covered by Social Security withholding during the full 13 - quarter period prior to their death.