Sentences with phrase «guaranteed death benefit amount»

Death benefit amount: Guaranteed death benefit amount plus accrued additions plus applicable bonus

There's no guaranteed Death Benefit Amount?

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

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.

It also provides a guaranteed death benefit amount as long as you maintain the level premium.

Not exact matches

While Old Age Security and the Guaranteed Income Supplement were designed to provide a basic minimum amount to Canadian seniors, the new Canada and Quebec Pension Plans were contributory social insurance programs established to provide basic death, survivor and disability benefits as well as retirement coverage.

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.

With Legacy Lock IV, your death benefit may be undiminished by your guaranteed withdrawal amounts or RMDs, subject to benefit guidelines.

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

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.

With Legacy Lock IV, your death benefit may be undiminished by your guaranteed withdrawal amounts or RMDs, subject to benefit guidelines.

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

Guaranteed issue life insurance policies have significantly lower death benefit amounts compared to term or permanent policies.

Whole Life Insurance guarantees a minimum death benefit (also known as the face amount), no matter how long you live, as long as premiums are paid.

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.

The death benefit face amount is guaranteed when the insured dies.

As long as your premium payments are made as agreed, your insurance coverage lasts throughout your life, and the death benefit is a 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 total guaranteed death benefit is the total face amount guaranteed assuming no dividends were used to purchase paid - up additions, which could actually decrease the death benefit over time.

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.

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.

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

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.

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

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

Your death benefit face amount is guaranteed.

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

Premiums are level and the death benefit (the amount your beneficiaries receive upon your death) is guaranteed as long as you continue to pay the premiums.

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

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.

The high premiums, combined with a low face amount for the death benefit, make guaranteed issue life insurance a less desirable option for relatively healthy individuals.

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.

What cash value or death benefit amount is guaranteed?

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

A variable life insurance policy does offer a guaranteed death benefit, which will not fall below a minimum amount even if the invested assets devalue significantly.

You can change the death benefit the premium you pay and the interest in the cash value account grows at an amount subject to market conditions (there is usually a guaranteed minimum though).