Sentences with phrase «guaranteed amount of death benefit»

As previously mentioned, the American Elite Whole Life insurance policy provides a fully guaranteed amount of death benefit, along with level premiums and cash value.

A whole life insurance policy will offer guaranteed level premiums throughout the life of the policy, as well as a guaranteed amount of death benefit.

This type of insurance provides a guaranteed amount of death benefit and a cash value that grows using a rate that is set by the insurance company.

Whole life is a type of permanent insurance coverage that provides a set, guaranteed amount of death benefit protection, as well as a cash value component.

With a universal life insurance policy, the insured is protected with a guaranteed amount of death benefit proceeds.

Due to the flexibility of variable life, however, this type of policy can allow policy holders to obtain a much higher rate of return on invested funds, while at the same time getting the protection of a guaranteed amount of death benefit coverage.

Whole Life policies provide a guaranteed amount of death benefit (in this case $ 250,000) and a guaranteed rate of return on your cash values.

It provides you with the certainty of a guaranteed amount of death benefit and a guaranteed rate of return on your cash values.

Whole life insurance ensures a guaranteed amount of death benefit protection — regardless of how long the insured lives.

A whole life insurance policy will offer guaranteed level premiums throughout the life of the policy, as well as a guaranteed amount of death benefit.

Most policies do guarantee some amount of death benefit, should the investments fall below a specified level.

Not exact matches

So you can «live» with guaranteed withdrawals for lifetime income and still have the potential to «give» a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

So you can «live» with guaranteed withdrawals for lifetime income and still have the potential to «give» a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.

Withdrawals may reduce death benefit and any optional guaranteed amounts in an amount more than the amount of the withdrawal.

Withdrawals may reduce death benefit and reduce any optional guaranteed amounts in an amount more than the amount of the withdrawal.

Extended Death Benefit Guarantee — 50 % of your policy's face amount is guaranteed as long as your policy is in force

The death benefit of VUL policies may rise or fall, but it will not decline below the specified guaranteed amount.

Many policies will set a minimum amount on the death benefits, but the investment portion of your premiums will not typically guarantee a minimum return.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

If you die within two years of buying your guaranteed life insurance policy, you don't get the full death benefit amount.

With whole life, the amount of the death benefit is guaranteed, and the cash value that is within the policy is allowed to grow on a tax - deferred basis.

For life insurance policies that pay death benefits in the form of a lifetime payout, the portion of the payout that is not subject to tax if the policy has no refund provision or stated time period guarantee which is determined by dividing the amount of the death benefit by the life expectancy of the beneficiary.

The minimum amount payable under death benefits or maturity guarantees provided for under the terms of the segregate fund contract.

Deferred annuities also provide a death benefit, so your chosen beneficiary of the annuity is guaranteed the principal amount as well as the compounded interest.

The amounts to be paid represent the excess of the guaranteed death benefit over the values of contractholders» accounts.

Some carriers offer guaranteed universal life insurance options and adjust the amount of the premium higher while making the policy amount lower, so that in addition to offering a guaranteed death benefit, the policy almost immediately begins to generate a larger cash value.

The policy includes a guaranteed death benefit between the lesser of $ 10,000 or 10 % of the policy face amount.

Once you decide on the amount of death benefits you want, the premium you pay is guaranteed for the life of the policy.

Originating in 1935 after the New Deal, the United States Social Security system is a type of insurance program where employees and their employers contribute an amount per paycheck so that they are guaranteed benefits in retirement when they lose their ability to work due to disability, or after the death of a family member.

Death benefit amount: Higher of basic sum assured + guaranteed additions, 10 X annualized premium and 105 % of premiums paid

The Silver Guard l plan offers a guaranteed level amount of death benefit, which means that from the date of policy issue, the amount of the life insurance coverage will never decrease.

Because acceptance is guaranteed, death from natural causes during the first two years of coverage pays just a portion of the benefit amount.

All approved claims will receive a payment guaranteed to be 40 % of the death benefit amount accelerated (for example, 40 % of $ 50,000 = $ 20,000), less any amounts needed for debt repayments — regardless of the type of specified medical condition event, policy age, gender or severity of illness.

One of these is the fact many guaranteed acceptance life insurance policies will not pay out the full amount of the death benefit if the insured dies within the first two years of owning the policy.

With the guaranteed acceptance coverage through Colonial Penn, if the insured dies within the first two years of coverage, then the amount of the death benefit paid out to the beneficiary will be reduced.

With whole life insurance, your death benefit, as well as the amount of premium that you pay, are both locked in and guaranteed.

With a Universal Life policy with Secondary Guarantees, the death benefit is guaranteed for life and you have the flexibility of adjusting your premiums, a valuable feature since estate tax rates and exclusion amounts keep changing from year to year.

In many instances, the amount of the policy's death benefit will not decrease over time, and the premium is typically locked in at a guaranteed rate.

Your payments stay the same, you get a guaranteed rate of return on the «cash value» investment component of the policy, and the death benefit amount doesn't change.

With this coverage, policyholders are allowed to select the coverage amount, how long they want to pay premiums and the duration of the death benefit guarantee.

As neither the cash value nor the death benefit is predetermined or guaranteed, the policyholder bears the risk of a poor fund performance which results in the decreased amount of the death benefit and the cash value and the increased premiums the insured has to pay to keep the policy in effect.

They may be insuring your future retirement income by providing a guaranteed withdrawal benefit rider, or insuring a specific amount of death benefit to go to your heirs, or insuring a minimum return.

On death of the policyholder, an amount which will be higher of the fund value as on the date of death or the Guaranteed Death Benefit is payable to the nomdeath of the policyholder, an amount which will be higher of the fund value as on the date of death or the Guaranteed Death Benefit is payable to the nomdeath or the Guaranteed Death Benefit is payable to the nomDeath Benefit is payable to the nominee.

• Annuity for joint lives (not including death benefit): A set amount which is guaranteed at the time of taking the policy is received by alive annuitants.

Death benefit amounts of whole life policies can also be increased through accumulation and / or reinvestment of policy dividends, though these dividends are not guaranteed and may be higher or lower than earnings at existing interest rates over time.

It is important to note that with this guaranteed issue policy, there is a reduced amount of death benefit paid out to the policy's named beneficiary if the insured dies within three years of purchasing the policy.

And, the death benefit and the amount of the premium are guaranteed throughout the entire term of the policy.

During this time, the amount of the death benefit coverage, as well as the amount of the premium, are guaranteed never to change.

With whole life, the amount of the death benefit is guaranteed, and the cash value that is within the policy is allowed to grow on a tax - deferred basis.