Sentences with phrase «illness insurance policy allows»

Important: A critical illness insurance policy allows you to claim only once; the policy terminates automatically after a claim.

Not exact matches

Usually having to do with terminal illness or catastrophic circumstances, this feature allows access to a portion of a life insurance policy's death benefit, or payout.

But because it is life insurance, it also provides an accelerated death benefit that allows you to access your death benefit if you are diagnosed terminally ill, with some whole life insurance policies also covering chronic illness and long - term care.

The life insurance companies also offer solutions such as chronic illness riders AND long term care riders, which allow a portion of the policy death benefit to be used for long term care costs while also preserving a portion of the death benefit coverage.

An optional add - on life insurance benefit that allows the insured to receive partial payment of the policy's face amount before dying in the case of terminal illness or injury.

Trendsetter Term Policy with «Living Benefits» offers high levels of term life insurance protection, and adds a «living benefit» that allows you to potentially access a portion of your policy benefit while you're still alive if you're diagnosed with a qualifying chronic or critical illness; or a terminal ilPolicy with «Living Benefits» offers high levels of term life insurance protection, and adds a «living benefit» that allows you to potentially access a portion of your policy benefit while you're still alive if you're diagnosed with a qualifying chronic or critical illness; or a terminal ilpolicy benefit while you're still alive if you're diagnosed with a qualifying chronic or critical illness; or a terminal illness.

If you want the added protection, Washington National even allows you to buy Critical Illness insurance as a separate policy.

An optional add - on life insurance benefit that allows the insured to receive partial payment of the policy's face amount before dying in the case of terminal illness or injury.

Waiver of Premium is an additional provision (sometimes also called a rider) in most Life Insurance policies which allows to stop paying premiums after the insured person has been disabled for a given period of time (usually six months) due to an illness or an injury.

Accelerated Benefit Rider A life insurance policy benefit that allows the insured or policy owner The right to receive a percentage of the insurance policy death benefit in advance if the insured is diagnosed with a terminal illness and not expected to live for a period of at least 12 months.

However, common conditions that allow a critical illness insurance policy to be used often include:

An annually renewable term life insurance policy can be renewed at the end of each year, but its price will increase, and people diagnosed with terminal illness during the year are not usually allowed to renew.

It allows you to own a critical illness insurance policy jointly with your company.

Accelerated Benefit Rider: The accelerated benefit insurance rider is included at no extra cost and will help to cover your medical costs or nursing home care by allowing you to receive a portion of your life insurance policy death benefit in the event you receive a diagnosis of terminal illness or confinement to a nursing home.

Usually having to do with terminal illness or catastrophic circumstances, this feature allows access to a portion of a life insurance policy's death benefit, or payout.

It's added coverage to a life insurance policy that allows you access part of your death benefits while you are alive if you meet the requirements which usually include being diagnosed with a terminal illness with less than 6 months to live.

* A terminal illness rider is a part of a living benefits life insurance plan that allows you to access the cash value of your policy prior to your demise in the event that you have a terminal illness.

A life insurance policy benefit that allows the insured or policy owner The right to receive a percentage of the insurance policy death benefit in advance if the insured is diagnosed with a terminal illness and not expected to live for a period of at least 12 months.

Terminal illness riders and critical illness riders on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.

on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.These riders» critical / terminal illness payout is tax - exempt, and beneficiaries also receive the left over face value, untaxed, upon the policyholder's passing.

The effective insurance policy by Future Generali Health Insurance offers coverage against most of the critical illnesses and also allows for cashless traninsurance policy by Future Generali Health Insurance offers coverage against most of the critical illnesses and also allows for cashless tranInsurance offers coverage against most of the critical illnesses and also allows for cashless transactions.

But because it is life insurance, it also provides an accelerated death benefit that allows you to access your death benefit if you are diagnosed terminally ill, with some whole life insurance policies also covering chronic illness and long - term care.

For example, some companies will allow you to bundle disability or critical illness insurance into one policy.

-- Vijay Mathur Some life insurance policies allow a portion of the death benefit to be paid before death if the life insured has developed a terminal illness.