Sentences with phrase «if death»

If death occurs as a result of an accident in the first 2 years, the full death benefit is guaranteed to be paid to your beneficiary.

Travel expenses of one relative: Under this plan, if the death of the Insured Person occurs outside the place of his / her residence, the company will pay for the transport expense upto a maximum of Rs 1000 / - to the place of accident.

If the death benefit is worth $ 1 million, and you elect to receive an annuity that pays out 6 % per year, you have to wait almost 17 years just to break even with what you'd get from a lump sum.

Whether a traveler is traveling solo, with friends, or with family, it's important to remember that if a death occurs on any trip, your body isn't automatically shipped back home for burial.

They will pay out 75 % if death occurs during the second year of the policy.

If death is due to accidental causes, the full death benefit will be paid.

There are a few edge cases, like if the death benefit is rolled up in an estate tax or if your beneficiaries elect to receive it in installments rather than a lump sum, but for the most part the money is paid out without being reduced by taxes.

We will not pay a Guaranteed Acceptance Benefit if your death is due to: • Use of drugs, impaired vehicle operation or commission of a criminal offence; or • Suicide within 2 years from the effective date or reinstatement date, in which case, we refund 100 % of the premiums paid up to that date without interest4.

There are some articles online that suggest these policies might not pay a death benefit during the first two years if death is non-accidental.

The last thing to be aware of is these policies have either a 2 or 3 year exclusion period in which they do not pay the full benefit amount if death occurs within this exclusion period due to health conditions (accidents are covered).

However, if the death benefit is included in her estate, and the value of the estate exceeds state or federal estate tax exemption amounts, then it could be taxed.

What this means is that you can only buy life insurance on someone if their death would directly affect you financially.

With John and Jane having two children, life insurance coverage is extremely important for them to make sure their kids» standard of living goes unchanged even if the death of a parent occurs.

Funding vehicles such as life insurance and disability policies used to provide the liquidity needed if death or disability occurs or if an owner retires.

The term of the policy usually lasts between 1 and 30 years and pays only if a death occurs during the policy term.

Every guaranteed acceptance life policy will immediately pay out the full face value of the policy if death is due to an accident.

Often, even if you've had trouble obtaining traditional life insurance due to health reasons, you will qualify for a mortgage term policy although the benefit may not be payable if death occurs within the first two years.

If death occurs within the first two years of your policy for any reason other than an accident, all premiums plus 10 percent interest shall be paid to your beneficiary.

If death should occur during this time, they will refund all the premiums you ever gave them plus 10 % interest.

The face amount of the policy is payable only if death occurs during the time stipulated in the contract.

A contract falls within the cash value corridor of this subsection if the death benefit under the contract at any time is not less than the applicable percentage of the cash surrender value.

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.

This can be a family member or, if the death benefits are only going toward the funeral and burial, you can direct the funds to a specific funeral director of funeral home.

During the first 24 months, Metlife will not pay out a death benefit if death is the result of natural causes.

If the death is accidental, Foresters will pay out the full benefit even during the first two years.

This guarantees the death benefit even if the death does not occur until very late in life.

Return of Premium Insurance in this case provides a refund for all or some of the premiums you paid for the Term Life Insurance at the end of the term if no death benefit was paid out during the coverage period.

This rider will pay out an additional death benefit if death is due to an accident while riding on public transportation as a fare paying passenger.

Graded death benefit that pays 120 % of premiums if death occurs in first two years and the full death benefit amount thereafter.

If death results from suicide in the first two years, benefits will not be paid.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

Accidental death benefit rider — This rider will increase the death benefit amount if the death is the result of an accident.

This type of coverage usually means that the death benefit doesn't apply for the first two to three years if the death is caused by something non-accidental (like a health condition) and instead you will receive a return of premium plus a percentage.

Otherwise, the policy will return premiums and 10 % if death occurs in the two year graded death benefit limitation period.

If death occurs, the beneficiary generally collects the death benefit of the life insurance policy free of income tax.

If death should happen as a result of an accident, they will pay the death benefit.

Guaranteed Issue Graded Benefit Whole Life Insurance: Available for ages 45 - 80, this guaranteed issue life insurance comes with a two year graded death benefit, meaning it will pay 100 % of the death benefit in the first two years only if the death is accidental.

Accidental death will only pay if your death results from an accident.

In addition, many policies will pay on a death claim only if death occurs within 90 days of the accident.

Will pay an additional lump sum death benefit, the equivalent of 100 % of the face value of the policy, if death occurs by a covered accident.

If death is accidental, most policies will pay the entire death benefit without any waiting period requirement.

These policies charge you an additional premium so that at the end of your term, 100 % of all premiums pay (for the base policy as well as the return of premium rider) are paid back to you if death has not occurred.

Also note that even during the initial 2 or 3 year period, if death occurs as a result of an accident, then the full death benefit would be paid.

PlanRight Graded Benefit: If death occurs in first two years, the policy pays out 30 % of face amount in year one and 70 % of face amount in year two.

An accidental death benefit is a form of insurance that pays a claim if your death is a result of an accident.

Accidental Death Benefit: pays an additional death benefit equal to the policy face amount if death is due to an accident.

If death occurs, the life insurance beneficiary generally collects the death benefit of the life insurance policy, free of income tax.

If your death would still hurt someone financially, consider a permanent policy, such as whole life insurance, to cover funeral and other final expenses, Feldman says.

If death is the result of suicide within the first two years of the policy, the policy is void and all premiums are returned to the beneficiary, but no death claim is paid.

* If death occurs due to accidental causes, the full death benefit will be paid to the beneficiary, less any policy obligations.