Sentences with phrase «guarantee premium rider»

Not exact matches

Beyond its core protection, accumulation and premium guarantees, the product offers built - in and optional riders that can enhance cash value growth, provide flexibility to meet diverse protection needs and budgets and deliver added security for unexpected life events such as chronic illness.»

In addition, on certain policies with specific life insurance companies, the WOP rider will also waive premiums due on the supplemental life insurance riders, guaranteed insurability riders and renewable term riders.

And, even if that's not the case initially, additional insured riders usually only guarantee level premiums for a certain number of years.

The following term life insurance with return of premium rider quotes are for informational purposes only are not a guarantee of what your actual ROP premium payments will be.

ROP term takes a basic term life insurance policy and adds a rider, for an additional premium, guaranteeing a 100 % tax - free return of all money spent at the end of the term.

You can mitigate this risk by electing the No Lapse Guarantee Rider on the universal life policy you choose.This rider ensures that if you fund the policy at a premium level required to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthlyGuarantee Rider on the universal life policy you choose.This rider ensures that if you fund the policy at a premium level required to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthlyguarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly charges.

Whether an applicant decides to go with whole life or guaranteed universal life, a couple of options worth exploring with an agent include possibly setting up a lifetime of guaranteed monthly income for beneficiaries or including a rider that gives a policy holder the ability to waive premiums if they become disabled and can't work.

There are also additional optional benefits and riders, which include a waiver of premium, children's insurance, accidental death benefit, and / or a guaranteed option to purchase additional insurance.

If you know that the cost of replacing your bike will be more than $ 3,000, consider a separate rider — extra insurance that adds a few bucks to your yearly premium, but guarantees loss coverage of a particular item.

The only way to maintain guaranteed level premiums and a level death benefits for life is to purchase whole life or a universal life policy with a guaranteed no lapse rider.

Just like guaranteed universal life policies do to age 100 or 120, these riders mandate that even if the policy has no cash value, the death benefit and premium are still guaranteed to stay fixed during the initial term selected.

Alternatively, you may want to add a no lapse guarantee rider to your policy for whatever length you MUST have the policy in force, to ensure the premiums and the death benefit stays level for that period.

The fact remains, however, that it offers a guaranteed return of premium, is 100 % tax free, and all the rider costs is the time value of money.

On a life insurance policy, the rider can be waiver of premium, guaranteed insurability, disability income, accidental and accelerated death benefit.

Optional riders available are; Enhance Care Benefit Rider, Acceleration of Death Benefit Rider, Applicant's Waiver of Premium Benefit Rider, Disability Waiver of Premiums Benefit Rider, The Enricher Rider, Accidental Death Benefit Rider, Flex Term Rider, Guaranteed Insurability Rider, and Children's Term Rider.

An indexed universal life policy with a «premium guarantee» rider is often a better alternative to whole life insurance.

Some of the most useful riders include: accelerated death benefit rider, accidental death benefit rider, guaranteed insurability rider, waiver of premium, and disability riders.

Unlike «guaranteed renewable», a «non-can» rider will set the premium in stone for the life of the policy.

An option to surrender the policy for paid - up insurance, extended term insurance, or in some cases an annuity, with premiums guaranteed at the time the original contract is issued available with the purchase of optional policy riders.

You should definitely consider buying both a guaranteed insurability rider and a waiver of premium rider upfront with your normal life insurance coverage.

Adding a waiver of premium rider and a guaranteed insurability rider is a great way to enhance you life insurance policy.

If you would rather have all of your money in one place with a guaranteed return or premium (assuming that you outlive the policy and pay the premiums), the Return of Premium life insurance rider might make sense.

There are also additional optional benefits and riders, which include a waiver of premium, children's insurance, accidental death benefit, and / or a guaranteed option to purchase additional insurance.

A disability insurance rider can do anything from making your premiums guaranteed (non-cancelable riders) to paying off your student loans (student loan riders).

A No Lapse Guarantee benefit is effective at issue and guarantees the policy, including any level term riders, will remain in - force for five years, provided the minimum premium, underwriting and insurance requirements are met.

If you are in the 50 - 70's age group, compare the cost of buying term insurance to fixed universal life with a premium guarantee rider, especially if you are in your 70's.

Platinum boasts multiple new features at no additional cost, including a return of premium rider, guaranteeing the policy's cash surrender value will never be less than the premium payment; accelerated benefit riders for chronic illness, critical illness, and terminal illness; and a charitable giving rider, a unique feature that provides an additional death benefit of 1 percent of the policy face amount to the applicant's charity of choice.

The Farmers Essential Life Simple Whole Life insurance policy essentially combines the traditional guarantees of whole life insurance, with various optional riders that can be added (at an additional premium charge).

Niefeld points to a variety of riders that are available to make the policy more attractive (and valuable), including guaranteed premiums, guaranteed death benefits and provisions for long - term care and critical illness.

Once again, you can choose coverage of between five and 30 years (at five - year intervals), the death benefit and premiums are guaranteed, and a number of riders are available to add further protection.

Guaranteed Maturity Sum Assured is equal to: - Option A: 100 % of total premiums paid (excluding taxes, rider premium, modal loading and extra underwriting premium, if any) Option B: 115 % of total premiums paid (excluding taxes, rider premium, modal loading and extra underwriting premium, if any)

Some riders are specific to whole life, such as the guaranteed insurability rider (which allows you to purchase more life insurance without underwriting), and the disability income rider (which actually pays you in addition to waiving premiums if you are disabled).

You will receive Guaranteed Maturity Sum Assured which is equal to 100 % of total premiums payable (excluding taxes, rider premium, modal loadings and extra underwriting premium, if any) under the policy.

The plan is a limited premium payment endowment plan with guaranteed annual income that also provides you an option to increase your protection using riders.

No - lapse guarantee rider: A rider sometimes offered with a universal life insurance policy that guarantees that the policy will never lapse, and the death benefit and premiums will never rise, even if the cash value of the policy falls to zero, provided that premiums are paid when due.

Keeping this in mind, guaranteed insurability riders allow the insured person to add additional insurance amounts at specific times / events, at an additional premium.

A return premium rider is an optional guarantee that the insurer will return the premiums paid (minus any fees listed in the contract) when the policy ends.

The accelerated death benefit rider comes included with a lot of policies, but a return of premium rider - you'll get back the money you put into a policy if you outlive its term - can increase the premium cost (but could be worth it if you want a money - back guarantee on that policy).

In addition, on certain policies with specific life insurance companies, the WOP rider will also waive premiums due on the supplemental life insurance riders, guaranteed insurability riders and renewable term riders.

The Guaranteed Surrender Value is a percentage of premiums paid, excluding towards riders, benefit or underwriting.

Common riders are accelerated death benefits, accidental death benefits, automatic premium loan, guaranteed insurability, and premium waivers.

This rider guarantees that if you should become disabled, any time after 6 months of disability, the life insurance company will waive the premiums for as long as you are disabled even if it is for the balance of the duration of the policy.

In case of unenthusiastic market returns, this rider guarantees claim value to the level of premiums paid.

Waiver of premium, Long term care, Disability, Guaranteed Insurability, Adjustable term rider, Overloan lapse protection, Guaranteed minimum accumulation (protection against market loss)

Provisions of BSLI Guaranteed Future include riders i.e. special clauses to consider the cases where the policy holder will not be able to pay premium.

And, even if that's not the case initially, additional insured riders usually only guarantee level premiums for a certain number of years.

Common rider examples are the accelerated death benefit rider, the waiver of premium rider, the guaranteed insurability rider, and the disability income rider.

The Guaranteed Surrender value during policy term shall be a percentage of total premiums paid excluding extra premiums and premiums for riders, if opted for.

You can certainly drop some riders like accidental death, Guaranteed Insurability or Waiver of premium altho I would NEVER Reccommend the latter.

Guaranteed Surrender value will be equal to 30 % of the total amount of premiums paid excluding the premiums for the first year and all the extra premiums and premiums for accident benefit / term rider.