Sentences with phrase «guaranteed during the payout period»

This annual payout is guaranteed during the payout period, provided the life insured is alive and policy is in - force.

Not exact matches

Expense guarantee: Guarantee by an insurer that expense factors will not change during the payout period on anguarantee: Guarantee by an insurer that expense factors will not change during the payout period on anGuarantee by an insurer that expense factors will not change during the payout period on an annuity.

They generally provide a higher payout that is assured for life, but you lose access to the capital and nothing is left for your heirs after you die (although there is usually a period during which payouts are guaranteed).

Additionally, guaranteed acceptance policies usually have a 2 to 3 year period post-purchase during which your beneficiary will receive little to no payout upon your death.

Maturity Benefit — If the Life Insured survives the maturity of the Policy with all premiums paid, they receive a Guaranteed Payout as a percentage of the Sum promised during the Maturity Payout Period, and 100 % of the Sum which is certain to be paid on maturity, is paid at the end of the 20th year.

Guaranteed Base Income (GBI), as a percentage of Sum Assured, accrues each year during the payout period.

o Monthly Income Benefit: In case of death of the life insured during the policy term, the nominee is entitled to receive the monthly income that starts from the date of death till the end of the policy term, subject to a guaranteed payout for a minimum period of 36 months.

a. guaranteed pay - outs # of 8.5 % to 9.5 % of Sum Assured on Maturity, paid during Maturity Payout period.

Pure Income Benefit Option: If the life insured survives during the benefit payout period (starts immediately after completion of the premium payment term till maturity of the policy), he / she will receive Annual Guaranteed Income, Special Additional Bonus, & Simple Reversionary Bonus.

In case of death of the policyholder during the guaranteed payout period, annuity is payable to the nominee.

In case of death of the life insured during the payout period, the guaranteed payouts are paid to the nominee till the end of the 17th year.

Survival Benefit as guaranteed income every year is payable during the payout period.

In the unfortunate event of your death during this period, your family will get a lump sum amount regardless of any Guaranteed Annual Payouts or Critical Illness Benefit received earlier.