Sentences with phrase «given as death benefit»

Not exact matches

State lawmakers are introducing legislation that would give the families of EMTs killed in the line of duty the same death benefits as cops and firefighters.

This is in contrast to the typical death benefit, which is given out as a lump sum.

Creating a high cash value life insurance policy gives you the benefit of a policy that grows cash value quickly, that will also grow your death benefit as you get older.

Term life almost always costs less, provides much more flexibility and gives your survivors true discretion as to how to spend the death benefit.

As an example, you can state that you wish ownership be transferred once your child is 25 years old and only want 50 % of the death benefit to be given at this time and then for the remaining 50 % to be given at age 30.

It's not illegal for a super fund to give benefits to your employees — such as financial literacy seminars or preferential death benefits, as an incentive for them to choose their fund.

This fixed index annuity offers the same traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, flexible retirement income options, and tax - deferred * earnings, but has the added feature of a 2.5 % or 5 % bonus to give your contract value an instant boost.

We can also show you how the quoting process works, and give more focus on the details such as what type of life insurance policy is right for you, how much death benefit coverage you need for your survivors and their needs, and which of the many available life insurance carriers will be able to serve you best.

It combines the features of variable and universal life insurance, giving you the investment options as well as the ability to adjust your premiums and death benefit.

It also gives you the same guaranteed death benefit protection as all our other whole life policies, but keeps costs down by spreading your payments out a little further and by offering a little less cash value and dividend growth potential.

The Chronic Illness rider gives you the option to accelerate a portion of your death benefit early if you are certified by a physician as being unable to perform at least two ADLs or activities of daily living (bathing, continence, dressing, eating, toileting, transferring) or if you require substantial supervision due to severe cognitive impairment.

The Terminal Illness rider gives you the option to accelerate a portion of your death benefit if you are diagnosed as terminally ill with a life expectancy of one year or less.

This policy is customizable — with rider options such as accidental death benefit, child protection and waiver of premium — and policyholders are given the option to convert up to the age of 65 or before the end of their term.

Universal life insurance, also known as Flexible Premium Adjustable Life Insurance, has flexible premiums with a minimum and maximum payment option, while giving you the option to change the death benefit within certain guidelines set forth in the contract.

Your loved ones will want to give you the best funeral possible as a tribute to your life, however, even the most basic of funerals will cost in the region of $ 5,000 and, although Social Security pay a death benefit to the surviving spouse of $ 255, this is nowhere near enough to cover the complete cost of a decent funeral.

In case of her unfortunate death in the 8th policy year, the death benefit, based on the assumed investment returns, are as per the table given below:

Universal life lets you vary your premium payments and gives a minimum death benefit as long as the premiums are sufficient to sustain it.

In case of unfortunate death of Nitin at the end of the 10th policy year, the nominee will receive the Death Benefit as given bdeath of Nitin at the end of the 10th policy year, the nominee will receive the Death Benefit as given bDeath Benefit as given below:

As an example, you can state that you wish ownership be transferred once your child is 25 years old and only want 50 % of the death benefit to be given at this time and then for the remaining 50 % to be given at age 30.

Term life almost always costs less, provides much more flexibility and gives your survivors true discretion as to how to spend the death benefit.

It also gives you the same guaranteed death benefit protection as all our other whole life policies, but keeps costs down by spreading your payments out a little further and by offering a little less cash value and dividend growth potential.

This life insurance living benefit can give you early access to the policy's death benefit, should you experience a qualifying chronic, critical, or terminal illness such as stroke, cancer, heart attack, or paralysis.

If you like to think of the cash value as «your money,» the insurer gives you all of your money and just enough of theirs to equal the death benefit.

You have to borrow against your own money and double your interest rate that you get in return, they have up to 6 months to give you a loan again which is your money in the first place, when they pay out the benefit of the insurance they only get the death benefit or the cash value but if there's a loan taken out of the cash value that gets subtracted as well as the interest rate on the loan.

So if you have a $ 500,000 death benefit amount and you were given $ 100,000 as a result of the terminal illness, your beneficiaries would only receive $ 400,000 when you die.

Most people purchase Term because it has the lowest premiums and gives you the advantage of having the higher face amount otherwise known as the death benefit that you may need.

As with variable life insurance, variable universal gives the ability to invest premiums in securities of your choosing; like universal, it provides more flexibility and control over the death benefit amount and the premiums paid into the account.

We can also show you how the quoting process works, and give more focus on the details such as what type of life insurance policy is right for you, how much death benefit coverage you need for your survivors and their needs, and which of the many available life insurance carriers will be able to serve you best.

It combines the features of variable and universal life insurance, giving you the investment options as well as the ability to adjust your premiums and death benefit.

Often known as a living benefit, an accelerated death benefit rider can give you the option to advance a portion of your life insurance policy's death benefit to use while you are still living.

This option is particularly enticing if you want to give the proceeds of your death benefit to a charity as well as your family, but can not afford to pay the premiums on a second policy.

There is a guaranteed sum assured along with bonuses which would be given in lump sum as the death benefit to your nominees.

There are various riders (additional benefits) such as accidental death benefit, permanent disability rider and critical illness rider that could give a boost to your term plan.

This is in contrast to the typical death benefit, which is given out as a lump sum.

The interest starts accumulating as soon as the claim is filed, which gives life insurance companies more of an incentive to give beneficiaries the death benefit as soon as they can.

But if the spouse is no longer alive by the time the insurance policy can be collected, then the death benefit will be given to the children listed as contingent beneficiaries.

Wider options: Life Insurance gives you a variety of options such as death benefits under term plan, finance for child education, regular income under pension plans, investment under unit - linked plan, etc..

Creating a high cash value life insurance policy gives you the benefit of a policy that grows cash value quickly, that will also grow your death benefit as you get older.

In other words, you are given the dual advantage of a death benefit as well as market - linked returns during or on maturity of the policy term.

Let's say I give my Aunt Jenny $ 10,000 in exchange for putting my name as one of the beneficiaries to her death benefit worth $ 100,000.

Given these issues can often appear as the result of a simple mistake — life insurance applications have dozens of detailed health and lifestyle questions — getting coverage earlier in your life can help to ensure your family receives the death benefit you're buying.

Death benefit can also be given as a one - time benefit by retirement plans such as Social Security.

Not only will this ensure you of an increasing death benefit as the years go by, but it also gives you the benefit of the smaller policy early on when you can least afford it.

The Sum Assured chosen by him is Rs. 3,00,000 for which he is paying a premium of Rs. 16,136 p.a.. On maturity date, Nitin will receive the following Maturity Benefit: In case of unfortunate death of Nitin at the end of the 10th policy, the nominee will receive trhe Death Benefit as given below: 1) Death Benefit payable immediately 2) Death Benefit payable Income Benefit: Rs. 2,500 will be paid every month for 120 modeath of Nitin at the end of the 10th policy, the nominee will receive trhe Death Benefit as given below: 1) Death Benefit payable immediately 2) Death Benefit payable Income Benefit: Rs. 2,500 will be paid every month for 120 moDeath Benefit as given below: 1) Death Benefit payable immediately 2) Death Benefit payable Income Benefit: Rs. 2,500 will be paid every month for 120 moDeath Benefit payable immediately 2) Death Benefit payable Income Benefit: Rs. 2,500 will be paid every month for 120 moDeath Benefit payable Income Benefit: Rs. 2,500 will be paid every month for 120 months.

A: Return of premium (ROP) life insurance gives you a level death benefit and level policy premiums just as a term policy does, but it also give you all of your premium payments back.

Naming each person also gives you the ability to omit one or more potential heirs from receiving any of the death benefit such as «My wife Joan Doe and our children Sarah, Bob and Mark.

If there is one thing that you should take away from my experience, is to think of the death benefit from the term insurance as a final, affectionate embrace you will ever give your family.

A money back plan gives you survival benefit, maturity benefit and a death benefit (as per condition) also which makes this plan a complete cover policy for you.

Some term plans offer income benefit where a portion of the Sum Assured is given to the nominee immediately on the death of the insured and remaining amount can be given as a family income benefit to provide the regular cash flow to your dependents like in case of Sameer.