Sentences with phrase «future death benefit claim»

Life insurance may provide just basic death benefit protection (i.e. term life insurance) or it may provide a death benefit with an equity value, called a cash value, which is a cash reserve that builds up against the death benefit of the policy to cover the costs associated with paying out the future death benefit claim..

Not exact matches

The reality is that many factors — including future cost - of - living adjustments and your eventual age of death — influence «which claiming date maximizes lifetime benefit,» he said.

The reality is that many factors — including future cost - of - living adjustments and your eventual age of death — influence «which claiming date maximizes lifetime benefit,» he said.

The taxed and untaxed elements are calculated differently where you have claimed, or intend to claim, tax deductions for insurance premiums to provide for future death benefits for your members.

A wrongful death claim typically belongs to a surviving spouse or minor children or a deceased person's heirs if there is no surviving spouse nor minor children, and it enables them to recover for future benefits including lost wages, medical and funeral expenses, loss of comfort, society and companionship, emotional distress and in rare instances, punitive damages.