Sentences with phrase «higher death payout»

She says that lower payouts during a policyholder's lifetime would mean a higher death payout.

Not exact matches

A) Both policyowners would need to pay extremely high premiums to make up for the money the life insurance company would lose in death benefit payouts, or B) the life insurance company would go bankrupt with both policyowners paying such low premiums and then no families would receive death benefits.

Guaranteed issue has very high premiums, low death benefit payouts, and not all insurance carriers offer it.

Also, the payout for a single person is higher than that for a couple because a joint annuity continues to pay out until the later of the two deaths.)

Examples of common riders are: accident death benefit (higher payouts in case of death through an accident) and term conversion (in case you want convert your universal policy into term).

Tax - deferred cash accumulation is available, but comes with a higher risk to the death benefit payout.

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.

One has a death benefit of $ 7.8 million and the other a $ 9.5 million payout, with one building cash value and the other having a higher death benefit.

While most lump - sum payout plans have a fixed Sum Assured benefit, some may offer higher or lower benefit depending on the time of death.

Full Endowment: Full endowment is the type of policy in which the sum assured is equivalent to the death benefit from the very beginning and the final payout is relatively higher.

In addition to higher premiums, insurance companies that issue guaranteed life policies protect themselves against risk in two additional ways: (1) by offering relatively low payouts, and (2) by typically not providing a death benefit during the first two years after issuing the policy (if the policyholder dies during this time, the company issues a refund of premiums instead).

(2) Guaranteed issue has very high premiums, low death benefit payouts, and not all insurance carriers offer it.

They charge you a higher monthly premium, and they limit the payout of your death benefit if you pass during the first two years.

A) Both policyowners would need to pay extremely high premiums to make up for the money the life insurance company would lose in death benefit payouts, or B) the life insurance company would go bankrupt with both policyowners paying such low premiums and then no families would receive death benefits.

Death benefit guarantees that if the annuity holder dies before the payout begins, the beneficiary will be paid the full value or the total premiums paid, whichever is higher.

If you want leverage (death benefit), universal and variable policies illustrated with a high rate of return, increasing death benefit and low premium provide the highest payout at death.

This type of policy is geared more for someone with a higher risk tolerance because the returns on the cash value account can actually alter the death benefit payout.

As the mortgage is paid off the need for the higher payout upon death is reduced therefore this coverage decreases not only the payout upon death as time goes by but also has lower premiums.

Insurance companies are required to keep this large cash reserve base in case death claim payouts are much higher than expected over a given time period, due to a large scale disaster or poor underwriting for instance.

objective of my buying is i just want my nominee to get 1cr after i die due to any reason i have found many crap in policy document saying accidental death cover, Claim settlement amount highest of 3, -10 times the annualized premium — 105 % of all the premiums paid as on date of death — Sum Assured Also there are some monthly payout plans.

On death, the fund value or 105 % of premiums paid or total premiums compounded at 0.5 % - 3 % depending on the risk profile chosen, whichever is the highest, is paid to the nominee entirely in cash or in annuity payouts

Furthermore, it provides four flexible options to ensure you have an ideal cover as per your health needs, ensures lumpsum payout on diagnosis, has an in - built death benefit, ensures high cover at low premium, and offers various other benefits.

A full endowment is a with - profits endowment where the basic sum assured is equal to the death benefit at start of policy and, assuming growth, the final payout would be much higher than the sum assured.

The death benefit under this payout option is higher of 10 times the annualized premium, 105 % of total premiums paid, or the basic sum assured.

On the death of the life insured during the policy term in an active policy, the payout to the nominee will be higher of Sum assured plus accrued bonuses or 105 % of all premium paid till date.

Death Sum Assured is equal to the higher of 11 times the Annualized Premium, 105 % of all the Premiums paid, Base Sum Assured multiplied by a Guaranteed Maturity Multiple factor, OR the sum of immediate benefit, Monthly Payout & Benefit at Maturity Date.

Case 2: Mr. Kumar dies during the Policy Term In the event of demise of Mr. Kumar during the 15th policy year, from the end of the 10th year to the 14th policy year, he will receive Guaranteed Money Back payouts and after death, his nominee will receive higher of 10 times the Annualized Premium or Sum Assured plus accrued reversionary bonus plus terminal bonus.

In the event of death of the insured during the policy period, the payout is higher of 105 % of all premiums paid or the accumulated Fund Value.

The Cash Value of the Death Benefit is higher of 105 % of all premiums paid or 10 times of the annualized premium or present value of the guaranteed payouts.

These payouts could serve as a second income and also help in paying his child's school expenses.The lump sum amount that he will receive at the end of the 20th year could be used for his daughter's higher education expenses.In case of the unfortunate event of his death before the maturity of the policy, his family will get higher of 100 % of Sum Assured or 105 % of the Premiums paid or 11 times the Annualised Base Premium.

An accidental death rider will give the nominee a higher payout if the death of the insured is due to an accident, subject to the exclusions prescribed by insurer.

For low sum assured (50L or below) a ADB rider of 10 L implies a higher payout to the beneficiaries, if death was due to an accident.

Although the interest rate on annuities will move in tandem with the declining interest rate scenario, annuities that don't have a death benefit have the highest payout.

In the unfortunate case of death of the life insured at any time during the policy term of 14 years, provided the policy is in force and all premiums have been paid in full, the beneficiary would be paid the death sum assured which would be the highest of: Guaranteed Sum Assured on maturity *, 10 times of Annualised Premium, 105 % of all premiums paid (including extra premiums and modal loading), Basic Sum Assured (An absolute amount of 10 times premium, including extra premiums and modal loading) or Sum of all Guaranteed Annual Payouts.

Lump Sum Payout on Death - Higher of [Sum Assured or 105 % of all premiums paid or (0.5 X Policy Term X Annualised Premium)-RSB- is payable immediately on Death

This comes as advisors value a higher payout over a death benefit, an annuity data tracking service has found.

If you're tempted to exclude somebody younger to get a higher payout, be very careful because a younger spouse would have to move out at the death of an older borrower if the younger person is not included in the loan.