Sentences with phrase «illness rider allows»

Critical Illness Rider: A critical illness rider allows the policyholder to be covered for the financial expenses in the case he contracts any critical illness.

The critical illness rider allows the policyholder to undergo diagnosis of any critical illness.

Chronic - Illness rider: Similar to the long - term care rider, the chronic illness rider allows you to access your death benefit if you are diagnosed chronically ill.

A critical illness rider allows the insured to collect a portion of the death benefit to pay for medical and other expenses if he is diagnosed with a terminal illness.

A chronic illness rider allows you to access a portion of your death benefit if you are diagnosed as being unable to perform 2 of 6 activities of daily living.

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.

Chronic Illness Riders allow you to access a portion of your death benefit in advance if you are diagnosed with a qualifying chronic illness, such as malignant cancer, Alzheimer's, heart disease, diabetes, COPD, etc..

Not exact matches

An accelerated death benefit rider allows the policyowner to receive a portion of the death benefit early when the insured individual is diagnosed with a terminal illness resulting in a decreased life expectancy.

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).

The accelerated death benefit rider (included at no extra cost) allows you to receive a portion of the death benefit if you're diagnosed with a terminal illness.

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.

Accelerated Death Benefit Riders — allows access to a percentage of your death benefit or if you have an eligible terminal illness or chronic illness.

The rider meets the definition of accelerated life insurance death benefits under IRC § 101 (g)(1)(b), which typically allows the chronic illness benefit to be income tax free.

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.

An accelerated death benefit rider allows the policyowner to receive a portion of the death benefit early when the insured individual is diagnosed with a terminal illness resulting in a decreased life expectancy.

If you are diagnosed with a terminal illness, for example, an accelerated death benefit rider allows you to collect some or all of your death benefits right away.

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.

If you are diagnosed with a chronic illness or severe cognitive impairment (Alzheimer's, Dementia), the rider allows you to accelerate a portion of your death benefit to be used either as reimbursement or cash indemnity.

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.

Accelerated Access Solution — if you suffer a qualifying illness, this rider allows you to access your death benefit without being taxed.

You also have the option of adding the Chronic Illness Plus rider, which allows 100 % of the death benefit to be accessed if you qualify.

For example, the Waiver of Premium rider will waive all premiums should you become totally disabled while the Accelerated Benefit rider allows for a portion of the death benefit to be received early if you experience a terminal illness.

These riders allow the client to take a portion of the death benefit early in the event of a covered illness or condition.

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.

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.

The accelerated death benefit rider (included at no extra cost) allows you to receive a portion of the death benefit if you're diagnosed with a terminal illness.

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).

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.

An accelerated death benefit rider allows the policyowner to receive a portion of the death benefit early when the insured individual is diagnosed with a terminal illness resulting in a decreased life expectancy.

Chronic Illness Rider: In the case of the insured being diagnosed with a chronic illness or have less than 6 months to live, this rider allows the insured to have access to death benefits for the cost of living such as nursing home or medicalIllness Rider: In the case of the insured being diagnosed with a chronic illness or have less than 6 months to live, this rider allows the insured to have access to death benefits for the cost of living such as nursing home or medicalillness or have less than 6 months to live, this rider allows the insured to have access to death benefits for the cost of living such as nursing home or medical bills.

Accelerated death benefit rider allows you to get up to 50 % or higher of your death benefit up front if you have a terminal illness with 12 months or less of live expectancy.

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.

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.

Accelerated Benefit rider is available on Ultra Protector I and II allowing up to 50 % of face amount to be paid to the insured if he or she is diagnosed with a terminal illness.

If you are diagnosed with a terminal illness, for example, an accelerated death benefit rider allows you to collect some or all of your death benefits right away.

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.

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:

These riders allow you to pull some of the death benefit in the event you have one of these illnesses.

That means you have a terminal illness rider included in your life insurance that will allow you to prepare for an untimely demise.

A terminal illness rider is available which allows you to access a portion of your death benefit if you are diagnosed terminally ill with 6 months left to live.

These riders allow you to access part of the proceeds of your policy's death benefit early to help pay for expenses that arise from long - term care needs or a chronic illness.

Many term policies include a terminal illness rider or accelerated death benefit which allows a portion of the coverage to be taken out early for the insured's use due to a diagnosis of being terminally ill.

In addition, certain riders, such as long - term care riders and chronic illness riders, can be added to your policy, which allow you to access your death benefit if you are diagnosed with a qualifying chronic illness.

Policy rider: This allows you to customize your policy and add extra coverage in the event of terminal illness, estate protection, long - term care and final expense coverage.

Term Insurance products allow you to attach a wide range of additional protection add - ons i.e. Riders to your base plan to get all round protection for yourself with riders like Critical Illness Rider, Surgical Care Rider, Hospital Care Rider,Riders to your base plan to get all round protection for yourself with riders like Critical Illness Rider, Surgical Care Rider, Hospital Care Rider,riders like Critical Illness Rider, Surgical Care Rider, Hospital Care Rider, etc..

Critical illness rider: This allows beneficiary to receive a lump sum amount in case policyholder is diagnosed with major illnesses which are predefined in the policy.