Sentences with phrase «greater death benefit amount»

The accidental death benefit rider pays out a greater death benefit amount — on top of your policy's stated death benefit — if you die due to an accident.

Not exact matches

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

The amount you receive will be greater than the policy's cash value and less than its death benefit.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

So, if your financial situation changes over time and you want a greater amount of coverage, you would be able to increase your policy's death benefit without demonstrating your insurability.

It is a great option for someone young, who needs additional death benefit protection, but does not want to spend the extra amount on more permanent coverage.

Colonial Penn's term and whole life insurance products don't require a medical exam and have a maximum death benefit of $ 50,000, meaning you'll typically pay higher premiums and won't be able to purchase a greater amount of coverage should your financial needs change.

If your intention is to build up cash savings to protect your loved ones in case something happens to you, the death benefit protection offered by cash value life insurance will typically provide them with a greater amount than the cash value of your account.

Here, if the annuitant were to die within the protected period, the enhanced death benefit will be the greater of the minimum benefit amount, less monthly income received, and the early death benefit.

Doing so, however, will diminish your policy's death benefit, sometimes by an amount greater than the cash you redeemed.

Graded which causes your death benefit to be limited the first two years but you will in return receive the greater sum of the total premium paid with 4.5 % interest of 30 % of the face amount.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

The face amount of the policy is the initial amount that the policy will pay at the death of the insured or when the policy matures, although the actual death benefit can provide for greater or lesser than the face amount.

The amount received from selling a policy will always be greater than the cash surrender value and less than the death benefit value.

With the level death benefit, the amount the policy pays out stays level throughout the life of the policy and pays out the death benefit or the cash value, whichever is greater.

The most common type of guarantee is a death benefit guarantee which guarantees that upon your death the greater of the current contract value or the full amount of your contributions (minus any withdrawals) will be paid out to your beneficiary.

Generally, as long as the policyholder is expected to die within 12 months of the date of the payment of the living death benefit, and that benefit is discounted only by an amount that is consistent with a life expectancy no greater than one year in duration, the beneficiary (s) is not taxed on the life insurance proceeds.

Employee Term Life and Accidental Death and Dismemberment benefits are available for principal amounts of $ 10,000 and greater.

You can choose this product to come fixed with the death benefit being 100 % of the face value from the start, graded which causes your death benefit to be limited the first two years but you will receive the greater of the sum of the total premium paid with 4.5 % interest of 30 % of the face amount, or you can choose modified which offers a limited death benefit for the first two years based on return of premium paid plus 10 %, after the two years the death benefit is 100 %.

These policies can provide a great way to purchase a high amount of death benefit coverage for a very low price.

This can affect the company's ability to pay any benefits that are greater than the value of your account in mutual fund investment options, such as a death benefit, guaranteed minimum income benefit, long - term care benefit, or amounts you have allocated to a fixed account investment option.

And, naturally, the larger the amount of capital you initially contribute to your policy, the greater your death benefit will be as well.

Here, if the annuitant were to die within the protected period, the enhanced death benefit will be the greater of the minimum benefit amount, less monthly income received, and the early death benefit.

Provided that someone is in relatively good health, term life insurance can offer someone in their 50s a great way to obtain a large death benefit for a relatively low amount of premium cost.

It is a great option for someone young, who needs additional death benefit protection, but does not want to spend the extra amount on more permanent coverage.

And, normally, the greater the amount of cash you originally contribute to your insurance policy, the higher your death benefit will be.

While some policies are reduced on a dollar - for - dollar basis with each withdrawal, others (such as some traditional whole life policies) actually reduce the death benefit by an amount greater than what you withdraw.

You'll receive an amount that's greater than the policy's cash value, but less than the death benefit.

The larger the amount of money you initially pay for your whole life policy, the greater your life insurance death benefit.

In the first year you will receive the greater of either the total amount of premiums paid into the policy and 4.5 % interest or 30 % of the death benefit.

If the life insurance death benefit paid to you is not greater than the amount of the life insurance death benefit payable at death then it is not taxable and you should not include it on your tax return.