Sentences with phrase «higher than the death benefit»

If Surrender Value is higher than the Death Benefit then the Surrender Value will be paid on death of the Life Assured.

Assuming the same LTC benefit, the death benefit on a life hybrid product would likely be higher than a death benefit on a linked - benefit product.

Not exact matches

The consumer will incur a surrender charge, be subject to the commencement of a new surrender period, lose existing benefits (such as a higher crediting guarantee than is currently available, as well as death, living or other contractual benefits), or be subject to increased fees, investment advisory fees or charges for riders and similar product enhancements;

If an insurer offers no medical exam coverage with higher death benefits than these, it typically means that the medical exam is conditional upon your responses to health questions.

Similarly, guaranteed acceptance whole life insurance offers the ability to skip detailed health questions and the medical exam, but premiums will be even higher and the death benefit will be limited (typically less than $ 100,000).

His research concluded that only those with a high risk of death actually benefited from heart transplants, more than 80 \ % of donor hearts going to patients who were likely to live for longer without a transplant.

However, these tend to have death benefits limited to less than $ 50,000, so the cost per dollar of coverage is still quite high.

The idea is that a person may need a higher death benefit earlier in life (as they're paying off their home, raising children, etc.) than they do as they get older.

Globe Life only offers coverage with no medical exam so, if you're healthy, you'll pay higher rates for the same death benefit than you would at an insurer with full underwriting.

If an insurer offers no medical exam coverage with higher death benefits than these, it typically means that the medical exam is conditional upon your responses to health questions.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

Pacific Indexed Accumulator (IUL) is designed for high cash value growth, rather than the death benefit protection.

In addition, Sagicor's simplified issue whole life and universal life insurance policies have higher options for death benefits than you can find almost anywhere else.

Similarly, guaranteed acceptance whole life insurance offers the ability to skip detailed health questions and the medical exam, but premiums will be even higher and the death benefit will be limited (typically less than $ 100,000).

Since they're better able to assess your risk through the health questions, this policy's death benefit can be as high as $ 50,000 in value, though this is still significantly lower than what is available through alternate insurers.

However, the benefit of going with term life insurance is that you can choose a much higher death benefit than is typically available for products with limited underwriting.

Another top cash value company and policy, Pacific Life's Pacific Indexed Accumulator (IUL) is designed for high cash value growth, rather than a high initial death benefit.

This caused several variable annuity contracts to have a significantly higher death benefit (high water mark) than living benefit (walk away value) for the owner.

First, they pay out the death benefit on a graded basis, and second, they charge a higher premium than alternate policies.

Jeremy Hallett, founder of online insurance marketplace Quotacy, said in an interview that premiums are typically 10 times higher for whole life policies than they are for term life policies with the same death benefit because permanent insurance provides coverage for life with guaranteed level premiums.

Voya IUL offers death benefit protection and market index cash accumulation at a guaranteed interest rate, providing higher growth potential than tradition universal life plans.

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.

If the death benefit is significantly higher than what you are being offered, it might be best to hold on to the policy unless you absolutely need the funds and can no longer pay the premiums.

If the death benefit is $ 10 million, the annual premium will be much higher than that of a death benefit of $ 100,000.

Settlements are always higher than the cash surrender value of the policy but lower than the death benefit.

Should you die while the policy is in force, your beneficiaries will receive not only your the initial face value as a death benefit, but also it's common for dividends to buy additional insurance by way of what are called «paid up additions», so the death benefit could actually be higher than the face value at the purchase of the policy.

The key to high cash value growth is to build a policy focused on cash value, rather than a death benefit.

Lloyd's maximum death benefit amount is higher than 5Star's.

That means we can help them get a policy that pays its full death benefit from day one, and they will pay a monthly premium that is no higher than what a marathon runner would pay.

When clients use some of their assets to purchase a life insurance policy, they secure a death benefit amount higher than the amount of premiums paid right away.

Because of the typically higher premium cost and the smaller amount of coverage, you could end up paying more for your premiums over time than your beneficiary will see in the resulting death benefits.

Premiums are going to be higher than term insurance for the same death benefit.

If the death benefit is significantly higher than what you are being offered, it might be best to hold on to the policy unless you absolutely need the funds and can no longer pay the premiums.

Because these policies are available to people with health problems, the price is often higher than a policy with guaranteed death benefits from day 1.

Because it is whole life, premiums never increase, but your initial monthly cost will be substantially higher than the term counterpart of the same death benefit amount.

However, guaranteed issue life insurance generally offers low death benefit options with higher than normal premiums.

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

While it may be expensive, you'll get a higher death benefit and better terms than if you purchased a guaranteed issue life insurance policy.

Since you can't be denied coverage, rates are incredibly high and death benefits are typically less than $ 25,000.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

Death benefit amounts of whole life policies can also be increased through accumulation and / or reinvestment of policy dividends, though these dividends are not guaranteed and may be higher or lower than earnings at existing interest rates over time.

However, these tend to have death benefits limited to less than $ 50,000, so the cost per dollar of coverage is still quite high.

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

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.

Premiums for graded benefit life insurance policies are generally higher than those for standard life insurance policies since the policyholder presents greater risk of a death claim to the insurance company.

Term life insurance also typically provides a higher death benefit for the premiums paid than other types of life insurance.

Of course, if you die and the policy pays out, then it is the death benefit that gets paid, which will always be higher than the CSV.

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.

Cash - value insurance has higher premiums than term insurance because part of the premium pays for the death benefit coverage and part of it goes toward the policy's cash value.

For the general population, exam - dependent life insurance policies are more straightforward and cost - effective than no - exam plans, which demand higher premiums and offer smaller death benefits.