Sentences with phrase «illness policies allow»

Most critical illness policies allow you to spend the proceeds at your own discretion.

Not exact matches

Having an open - ended PTO policy eliminated his stress and anxiety about burning through all of his «vacation time» for an illness, and allowed him to focus on getting better.

This rider allows you to receive a portion of your policy's death benefit while you're still alive if you've been diagnosed with a terminal illness (meaning less than 12 months to live).

This rider would allow you to receive up to $ 400,000 or 25 % of your policy's death benefit (whichever is less) if you contracted a terminal or chronic illness.

It basically acts as a chronic illness rider, allowing you to tap into your policy's death benefit if you are diagnosed with a qualifying chronic illness.

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.

The Company's LTC rider allows access to the policy's death benefit to cover costs associated with long - term care services due to chronic illness or severe cognitive impairment, such as Alzheimer's Disease.

This «living benefit» allows the insured to receive 75 percent of the policy's face amount in advance — up to a maximum dollar amount of $ 750,000 — in the event of a terminal illness diagnosis that will likely result in death within 24 months.

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.

Mutual of Omaha makes up for it by including high benefits for the accelerated death benefit, which allows you to take money out of your policy to pay for charges related to a terminal illness.

The policy can also include a terminal illness rider, which allows the insured to receive a portion of the policy's death benefits if he or she becomes terminally ill.

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.

This benefit allows the owner to receive payment of a portion of the death benefits under the policy upon terminal illness of the insured.

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.

This company will allow only one election per policy for terminal illness and the payment will be paid in a lump sum.

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.

This benefit allows the owner to receive payment of a portion of the death benefits under the policy upon chronic illness of the insured.

In the event that you are diagnosed with a chronic or terminal illness after the two year graded benefit period, included riders in the policy allow for you to access portions of the death benefits early to help offset additional costs that arise due to your condition.

The Chronic Illness rider allows you to use the policy's death benefit if you are unable to perform two of the six daily living requirements of bathing, continence, dressing, eating, toileting, and transferring.

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.

Some mortgage protection policies allow you to include lump sum payout coverage for these and other critical illnesses.

When a policyholder loses income due to unemployment or illness which incapacitates him or her to pay, the policy will still be effective while allowing the policyholder to stop paying for the policy.

Others, such as an accelerated death benefit rider, will allow you to use your life policy's death benefit for medical bills in the event you are stricken with a terminal illness.

Also, consider adding policy riders that will allow you to access the policy death benefit in the event of a terminal illness or even convert a portion of your term policy into a permanent policy (such as whole life or universal life).

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

An accelerated death benefit rider allows you, as the policyholder, to use all or a portion of the policy death benefit for various expenses in the event you are diagnosed with a chronic, critical, or terminal illness.

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

Mutual of Omaha, an A + rated company founded in 1909, offers competitive underwriting for a range of health conditions, including high limits for accelerated death benefits, allowing those who have been diagnosed with terminal illness to access a portion of their policy's death benefit while still alive.

For an added fee, most CFAR policies will allow you to cancel your trip ahead of time for any reason at all - not just for one of the usual covered reasons like a death in the family or a last - minute illness.

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.

Other optional benefits that can be built into Travel Guard customizable policies include «name your own family member,» an enhanced trip cancellation coverage that allows travelers to name non-family members whose illness or death would cause them to cancel travel plans.

It allows you to use a portion of your coverage amount in the event of a critical illness listed in the policy details.

This is a very simple but effective rider that will allow you to use all or just a portion of the policy death benefit for various expenses in the event you are diagnosed with a chronic, critical, or terminal illness.

For example, one popular term policy allows 2 % per month of the death benefit if the policy owner needs help with daily activities, like bathing and dressing due to chronic or critical illness.

Chronic Illness Provision: this allows you to speed up a percentage of your policy's amount.

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.

The rider allows the individual to receive a portion of the policy's death benefit to pay for medical expenses if he is diagnosed with a terminal illness.

* 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.

This rider allows you to receive a portion of your policy's death benefit while you're still alive if you've been diagnosed with a terminal illness (meaning less than 12 months to live).

Accelerated Death Benefit for Chronic Illness Plus Rider: Selected at issue and available at an additional cost, this rider allows for up to 100 % of the policy's death benefit to be accessed in advance (with a monthly benefit of 2 %, capped at the then current IRS per diem times 30) if the insured:

Selected at issue and available at an additional cost, the Chronic Illness Plus Rider allows for up to 100 % of the policy's death benefit to be accessed in advance (with a monthly benefit of 2 %, capped at the then current IRS per diem times 30) if you:

Selected at issue and available at an additional cost, the Chronic Illness Plus Rider allows for up to 100 % of the policy's death benefit to be accessed in advance (with a monthly benefit of 2 %, capped at the IRS per diem times 30) if you:

They allow policy holders to access some or all of the death benefit in their policy for critical or chronic illness, disability or long - term care.