Sentences with phrase «guarantees equal benefit»

Equality and Human Rights — The Charter of Rights and Freedoms guarantees equal benefit and protection under the law and the Canadian Human Rights Act prohibits discrimination based upon physical or mental disability.

Not exact matches

Sales of variable annuities with guaranteed living benefits run nearly equal with variable annuity sales without living benefits, Giesing said.

The standard death benefit is equal to the contract value on the date of the claim and does not include any additional guarantees.

The standard death benefit is equal to contract value on the date of the claim and does not include any additional guarantees.

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.

Business people continue to believe, mutatis mutandis, that «what is good for General Motors is good for America»; the new middle - class professionals, no doubt with equal sincerity, believe that the «reordering of national priorities» that guarantees their privileges benefits the poor, the underclass or whatever other morally acceptable beneficiary can be plausibly cited.

«It is unfair to subject working - class people to these costs without guaranteeing an equal value of increased benefits.»

Although clinical trials offer no guarantees, physicians have a strong belief that the study drug or cancer treatment will provide benefits equal to or better than the current standard therapies.

In general, unless otherwise exempt, the following three criteria must be met in order for non-classroom based charters to be guaranteed full funding levels: (1) at least 80 percent of total revenues must be spent on instruction or classroom support, (2) at least 50 percent of public revenues must be spent on certificated staff salaries and benefits, and (3) the pupil - teacher ratio must be equal to or lower than the pupil - teacher ratio in the largest unified school district in the county or counties in which the school operates or the school must maintain a minimum of 25:1 ratio.

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.

There is an annual fee that covers the cost of providing the guarantee equal to 1 % of the participant's Personal Income Benefit account value.

A PerspectiveSM variable annuity includes a standard death benefit equal to the contract value on the date of the claim and does not include any additional guarantees.

«In contrast, defined benefit (DB) and defined contribution (DC) plan annuitants believe they are more financially secure because of their annuity than their friends and neighbors who don't have guaranteed income from an annuity (58 %), and a nearly equal percentage believe they are more confident in their financial decisionmaking (56 %).»

The standard death benefit is equal to the contract value on the date of the claim and does not include any additional guarantees.

Also, to enjoy the equal benefit and protection of human rights guarantees, persons with disabilities must be able to seek remedies in an appropriate forum, which could include the administrative or judicial system.

It guarantees that every individual is «equal before and under the law and has the right to equal protection and equal benefit of the law without discrimination, and in particular, without discrimination based on race, national or ethnic origin, colour, religion, sex, age or mental or physical disability».

Her arguments were based in part on the Canadian Charter of Rights and Freedoms that guarantees the right of individuals to equal protection and equal benefit of the law without discrimination.

If you are looking for a permanent life insurance policy where you are guaranteed to never give the insurance company premiums that are equal to or less than the total death benefit, that does not exist.

All unit - linked insurance products (Ulips) will have to provide a minimum death benefit, which will have to be at least equal to the guaranteed minimum sum assured, plus the balance in the unit fund or policy account.

The guaranteed Death Benefit is equal to 105 % of the Single Premium paid, which also includes top - up premiums (if any).

On death, the Sum Assured on death is payable which is higher of 125 % of the Single Premium is age is less than 45 years or 110 % of the Premium for ages equal to and above 45 years or the Guaranteed Maturity Benefit

Payments are guaranteed for as long as it takes for the income you receive to equal the policy's benefit amount (the «Installment Refund» period).

The premium is set high enough for the company to guarantee a buildup of cash reserves, or cash value which will eventually equal the death benefit.

The benefit received differs among companies and contracts, but the beneficiary is guaranteed an amount equal to what was invested or the value of the contract on the most recent policy anniversary statement, whichever is higher.

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

On top of that, the cash value is guaranteed to equal the death benefit when you reach 100.

Typically the death benefit is guaranteed to be at least equal to the amount you originally invested.

The maximum premiums are set by the IRS guidelines such that the premiums paid within a seven - year period after a qualifying event (such as purchase or death benefit increase), grown at a 6 % rate, and using the maximum guaranteed costs of insurance in the policy contract, would endow the policy at age 100 (i.e. the cash value would equal the death benefit).

Guaranteed Maturity Benefit which is equal to Base Sum Assured and all Guaranteed Additions payable will be Rs. 3,60,000

The plan can be customized by adding Accidental Death Benefit option under which an extra benefit equal to the Guaranteed Sum Assured subject to a maximum of Rs. 50 lakhs is paid in case of accidentaBenefit option under which an extra benefit equal to the Guaranteed Sum Assured subject to a maximum of Rs. 50 lakhs is paid in case of accidentabenefit equal to the Guaranteed Sum Assured subject to a maximum of Rs. 50 lakhs is paid in case of accidental death

Under the Family Income Benefit, 60 % of the Guaranteed Death Benefit will be paid in equal monthly instalments for 60 months post death

The nominee can avail the entire death benefit in a lump sum amount or avail 50 % of the benefit in a lump sum and the rest 50 % in equal monthly instalments @ 0.42 % of the Guaranteed Death Benefit for 10 years postbenefit in a lump sum amount or avail 50 % of the benefit in a lump sum and the rest 50 % in equal monthly instalments @ 0.42 % of the Guaranteed Death Benefit for 10 years postbenefit in a lump sum and the rest 50 % in equal monthly instalments @ 0.42 % of the Guaranteed Death Benefit for 10 years postBenefit for 10 years post death.

An additional amount equal to the Guaranteed Maturity Benefit is paid at the end of the term

If the life insured outlives the policy's maturity date, he or she receives a maturity benefit, which is equal to the guaranteed sum assured plus the simple reversionary bonus and terminal bonus (if any).

Under the Aspiration option for Maturity Benefit payout, lump sum is paid on Maturity which is the Sum Assured and Guaranteed Additions where the total benefit received is equal to 125 % ofBenefit payout, lump sum is paid on Maturity which is the Sum Assured and Guaranteed Additions where the total benefit received is equal to 125 % ofbenefit received is equal to 125 % of the SA

Two, a maturity benefit equal to 40 % of the sum assured plus any reversionary and final bonus is guaranteed on maturity of the plan.

Benefit on Vesting would be provided under the policy in full force, on vesting an amount equal to the Basic Sum Assured along with accrued Guaranteed Additions, vested Simple Reversionary bonuses and Final Additional bonus, if any, shall be made available to the Life Assured.

On survival of the Life Assured till the end of the Policy Term, provided the policy is In - force, Guaranteed Maturity Benefit which is equal to the Basic Sum Assured will be paid.

Variable Life Insurance Products are defined as Non-Linked Life Insurance Products that provide Death Benefits equal to the guaranteed Sum Assured and / or balance in the policy account, as per the policy.

The minimum guaranteed death benefit is equal to 105 % of the full premiums paid.

The cash value grows at a guaranteed rate until age 121, when the cash value is designed to equal the death benefit.

For example, an annuity company's GMIB might guarantee that if the contract owner chooses annuitization, the income will be based on the greater of the account value or the GMIB benefit base, which is equal to your investment accumulated at 5 % annually.

Sum assured applicable for death / maturity benefit is equal to or higher of 10 times of annualized premium, sum assured, minimum guaranteed sum assured on maturity, or 105 % of the total premiums paid.

On Death of the Life Insured during the Policy Term, lump sum Death Benefit equal to Guaranteed Sum Assured on Death (GSAD) will be payable to the nominee.

So under income benefit, a guaranteed monthly income will be paid which will be equal to 1 / 12th of 10 % of the sum assured amount.

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.

When an insurance policy's guaranteed cash value equals the initial death benefit, it is said to «endow» or mature.

If the policy is in force and the Life Insured survives to the Maturity Date of the policy, then the maturity benefit equal to Sum Assured on Maturity will be payable which is 100 % of Single Premium along with Total Guaranteed Additions accrued during the Policy Term (excluding Mortality Premium, if any).

Family Income Benefit: If you choose option B, 60 % of Guaranteed Death Benefit is payable in equal installments for a period of 60 months.

For life insured with the entry age of 5 years and above, the death sum assured, irrespective of survival benefit already paid, is either equal to or higher than of 10 times of annualized premium, or 105 % of premiums paid till date of death, or minimum guaranteed sum assured on maturity or absolute amount assured to be paid on death.