Sentences with phrase «guaranteed death benefit»

Some universal life insurance product designs focus on providing both death benefit coverage and building cash value while others focus on providing guaranteed death benefit coverage.

Guaranteed Death Benefit — Your loved ones will receive a certain amount of money, guaranteed.

Guaranteed Death Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the policy.

A variable life policy does provide you with a guaranteed death benefit.

Once this life insurance for children policy is installed, the protection exists for a lifetime with a guaranteed death benefit, premiums, and cash value.

There's no guaranteed Death Benefit Amount?

As for similarities, they both offer a guaranteed death benefit, and they both offer generally federal tax - free benefits.

The whole life policy has a guaranteed death benefit for the life of the policy.

Term life has a guaranteed death benefit, but no cash value, and the premiums will increase at predetermined intervals, such as after one year, five years, 10 years, or 20 years, depending on the kind of policy you purchase.

Lafayette Life offers convertible term life insurance which allows you to have a large guaranteed death benefit for a lower initial cost than whole life insurance.

Whole life insurance is a kind of permanent coverage and features a fixed, level premium and guaranteed death benefit with a cash value that allows policyholders to save for retirement.

Whole life insurance is a policy that accumulates cash value and can offer a guaranteed death benefit.

Whole life, according to LIFE, provides you with a guaranteed death benefit and a guaranteed rate of return on your cash values.

The risk of outliving your money, and the risk of being able to leave a guaranteed death benefit.

Some policies offer a minimum guaranteed death benefit, but many policies offer no guarantees at all.

Level term life insurance provides a guaranteed death benefit and premium.

Therefore, those who may have certain health issues could still qualify for this policy — and it could be a viable option if someone is looking for guaranteed death benefit protection, along with protection of cash value and possible higher growth.

Another advantage of this policy is dependant on the carrier but many offer a guaranteed death benefit which means that the death benefit amount that goes to your beneficiaries is guaranteed to happen.

For individuals and families, the company's term life insurance provides a guaranteed death benefit amount for a set period.

Your life insurance version will include a guaranteed death benefit, which means your beneficiary will receive the amount invested, minus a withdrawal fee.

These policies can offer guaranteed death benefit coverage — including a lifetime option.

With whole life insurance, there is a guaranteed death benefit as long as you pay your premium in full and on time.

While term policies are usually the cheapest form of life insurance, whole life policies offer a number of benefits that policyholders may want to consider, including a guaranteed death benefit, predictable premiums over time, and even dividends that can provide cash or help offset the cost of insurance over time.

It offers the following guarantees: guaranteed death benefit, guaranteed cash value, guaranteed level premium, and the potential to earn annual dividends.

Annuities can also contractually solve for a guaranteed death benefit by attaching a contractual death benefit rider (i.e. attached benefit) at the time of application.

This is because it has a guaranteed death benefit that won't terminate before the first policy anniversary following the insured's 120th birthday.

One advantage variable annuities have over mutual funds is the guaranteed death benefit feature.

You pay one lump sum to get a paid up life insurance policy with a guaranteed death benefit.

The possible features include tax - deferred earnings, a guaranteed death benefit for your love ones and the opportunity to receive market - related returns.

Whole life insurance offers a guaranteed death benefit, a guaranteed level premium, and guaranteed cash values.

Solving for lifetime income, legacy through a guaranteed death benefit (without any underwriting), and long - term care or confinement care are the reasons to add an annuity rider to your policy.

One reason for this is because whole life offers a guaranteed death benefit.

A guaranteed death benefit is a clause, within the insurance policy, that will typically state that your new life insurance policy will need to be «INFORCE» for a certain amount of time prior to covering NATURAL causes of death.

If you are interested in using the cash value to purchase another policy with a higher guaranteed death benefit... let me know and I'll run some numbers for you.

Guarantees such as a guaranteed death benefit, guaranteed fixed premium and guaranteed cash value growth.

A permanent life insurance plan locked in until age 100 with guaranteed death benefit and cash value accumulation that is also guaranteed.

In fact, many policies are sold based on the concept of accumulating cash value rather than guaranteed death benefit.

Term life insurance has a guaranteed death benefit but no cash value and the premiums increase at predetermined intervals such as one year, five years, 10 years and 20 years.

Level Term Life Insurance DEFINITION: it is a valuable, cost efficient tool that enables the user to insure his or her life in order to provide financial protection for his or her beneficiaries for a guaranteed set period of time, offering a guaranteed death benefit and level premium payment during the term.

For those looking for long - term security, whole life insurance policies provide lifelong protection with a predictable premium and a guaranteed death benefit.

2 Guaranteed Death Benefit will terminate if there is a policy loan outstanding and the total indebtedness equals or exceeds the cash surrender value.

With both accumulated value and a guaranteed death benefit, this type of policy can make sense as part of your portfolio.

This insurance has a premium amount that is locked in, as well as a guaranteed death benefit.

Pay particular attention to the guaranteed death benefit and premium - payment sections because these columns contain the actual company promises.

Among them, steady premiums, guaranteed death benefit, and even the ability to completely pay off the policy in just 15 years (subject to the insurers claims paying ability).

Thus, Ann, who has taken fastidious care of herself and has managed her illness well, was able to obtain a $ 500,000 policy with guaranteed death benefit and guaranteed affordable and level premiums for the rest of her life.

Permanent life insurance provides coverage throughout the insured's lifetime, provided premiums are paid and has a guaranteed death benefit that ensures you'll achieve your objective — whether it's lifetime protection or passing money on to your beneficiaries.

Get guaranteed death benefit protection with customizable durations — either for a specific time period or your lifetime.

Value Term Life from Farmers comes with a guaranteed death benefit amount, and your premiums won't increase during the term you sign up for.

The guaranteed death benefit is standard in the first five years, however you would need to extend this guarantee utilizing the Extended No Lapse Guarantee to ensure longevity beyond this time frame.