Sentences with phrase «higher death benefit payment»

Because the risk of insuring these individuals is lower, term life offers a much higher death benefit payment at a much more affordable monthly premium.

Not exact matches

Premium payments are also fixed for the term of the policy, but because a death benefit payout is expected more often than not, premium rates are often higher than with term life insurance.

You may purchase Additional PIP coverage, to raise the overall limit of No - Fault benefits available in case of an accident up to $ 100,000 or higher and, in the process, increase the potential maximum amounts of lost earnings payments, other necessary expenses or the death benefit, depending on the limit you select.

Some term insurance plans may provide a higher death benefit for annual premium payment than for say the other periods, say a month.

The death benefit payable will be the amount higher of the Sum Assured or 10 times the annual premium or 105 % of total premiums paid till the date of death for regular premium payment option and higher of Sum Assured or 125 % of the Single Premium paid under the Single Premium payment option.

By contrast permanent life insurance policies, which include whole life and universal life policies, typically have higher monthly premiums, but are designed to provide a guaranteed death benefit to your heirs, as long as you continue to make your premium payments.

With EstateWise Platinum a one - time premium deposit of as little as $ 10,000 can buy a guaranteed death benefit that is significantly higher than the single payment.

Typically, life insurance policies that are used to supplement retirement benefits provide you with a low death benefit relative to the cash value and premium payments, but offer you a higher cash value than you would otherwise get with a straight whole life or a traditional universal life policy.

I cut her premiums out all together and got her a 120 % higher death benefit guaranteed for life, never to make another premium payment.

Used to preach, buy term, invest the difference... But a permanent death benefit, cash values, tax free loans, tax free lump sum payment to beneficiary, privacy of beneficiary info, very difficult for others to get at your cash value, ability to fund very high amounts with tax benefits, cheaper while you are younger / healthy, paid up additions, Potential less premium with IUL and index gains potential, or Whole Life and pay more for insurance, but higher dividends...

In addition to the potential for higher earnings on cash value balances, policyholders of universal life contracts have flexibility in terms of the level of total death benefit, premium amounts paid and payment frequency.

For example, if you invested $ 25,000 in a variable annuity and drew monthly payments for five years, your death benefit would still be $ 25,000 or higher, depending on how the investments in the market performed.

While many types of annuities allow the annuity owner to name a beneficiary (usually a spouse) who will be eligible for either continued payments or death benefits, a straight life annuity forgoes this added benefit in favor of higher guaranteed payments while the annuitant is alive.

Traditional variable life provides a minimum guaranteed death benefit, but many universal variable life products do not, and should investment experience be bad, coverage will terminate if substantially higher premium payments are not made.

Premium payments made for whole life insurance policies cover the cost of insurance just like with term insurance, but the premium payments are higher the same death benefit coverage.

Permanent life insurance policies have higher premiums since payment of the death benefit is guaranteed at some point.

If you choose regular payment options, highest among the following qualify for the death benefits.

With a pension, you can opt to take a single life benefit (which is a higher monthly payment, but payments cease after death), or a joint survivor benefit (which is a lower monthly payment split between both spouses and continues after a spouse passes).

Death benefits - in the case of the demise of the insured, the payment made will be higher of; chosen assured sum, or 10 times amount of annualized premiums or 105 % of all premium submitted, or maturity benefits.

* Death Sum Assured = 10 times of the Annualized Premium (excluding extra premium, GST and loading for modal factors, if any) or 105 % of all the premiums paid (excluding GST and extra premium, if any) as on the date of death of the Life Assured or Guaranteed Maturity Benefit (For 10 years premium payment term = 10 X Annualized Premium # and for 15 years premium payment term = 15 X Annualized Premium #) or Absolute amount assured to be paid on death (for 10 years premium payment term = 11 X annualized premium rounded up to next Rs. 1000 and for 15 years premium payment term = 16 X annualized premium rounded up to next Rs. 1000), whichever is the higDeath Sum Assured = 10 times of the Annualized Premium (excluding extra premium, GST and loading for modal factors, if any) or 105 % of all the premiums paid (excluding GST and extra premium, if any) as on the date of death of the Life Assured or Guaranteed Maturity Benefit (For 10 years premium payment term = 10 X Annualized Premium # and for 15 years premium payment term = 15 X Annualized Premium #) or Absolute amount assured to be paid on death (for 10 years premium payment term = 11 X annualized premium rounded up to next Rs. 1000 and for 15 years premium payment term = 16 X annualized premium rounded up to next Rs. 1000), whichever is the higdeath of the Life Assured or Guaranteed Maturity Benefit (For 10 years premium payment term = 10 X Annualized Premium # and for 15 years premium payment term = 15 X Annualized Premium #) or Absolute amount assured to be paid on death (for 10 years premium payment term = 11 X annualized premium rounded up to next Rs. 1000 and for 15 years premium payment term = 16 X annualized premium rounded up to next Rs. 1000), whichever is the higdeath (for 10 years premium payment term = 11 X annualized premium rounded up to next Rs. 1000 and for 15 years premium payment term = 16 X annualized premium rounded up to next Rs. 1000), whichever is the highest.

Since a surviving spouse's living costs tend to be higher than half the living costs of two people, many financial advisors and planners choose an income payment somewhere above 50 %, though it should be noted that lower payments generally mean a higher death benefit.

CUL Accumulator gives you the highest flexibility when it comes to choosing your death benefit and premium payment schedule, providing: