Sentences with phrase «illness rider as»

Take the popular critical illness rider as an example.

I would recommend that you purchase a critical illness rider as well.

Not exact matches

Beyond its core protection, accumulation and premium guarantees, the product offers built - in and optional riders that can enhance cash value growth, provide flexibility to meet diverse protection needs and budgets and deliver added security for unexpected life events such as chronic illness.»

This rider — also known as a Terminal Illness Death Benefit Rider — is included in your policy at no charge.

This rider — also known as a Terminal Illness Rider — is included in your policy at no charge.

A terminal illness rider, also known as an accelerated death benefit rider, offers you the option of receiving a percentage of your policy's payout immediately in the case you're diagnosed with a terminal illness.

The policy may also include additional riders, such as terminal illness, chronic illness and critical illness accelerated benefit riders.

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.

A terminal illness rider, also known as an accelerated death benefit rider, offers you the option of receiving a percentage of your policy's payout immediately in the case you're diagnosed with a terminal illness.

Critical Illness Benefit Rider: covering qualifying critical illnesses such as heart attack, stroke and cancer, this optional rider will pay you a lump sum of $ 20,000 up to $ 150,000 if you are diagnosed with a qualifying major iIllness Benefit Rider: covering qualifying critical illnesses such as heart attack, stroke and cancer, this optional rider will pay you a lump sum of $ 20,000 up to $ 150,000 if you are diagnosed with a qualifying major illnessillness.

The Legalese A life insurance policy with a critical illness rider will pay out a lump - sum benefit to the insured if they are diagnosed with a covered critical condition (such as cancer, stroke, or a coma).

Sometimes sold as a separate product, the critical illness rider acts as insurance against a catastrophic health crisis.

As mentioned in the above list of best online term insurance plans, some life insurance companies provide optional riders (like Accident death benefit & Critical Illness) and optional features (like waiver of premium or monthly income options etc.,)

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.

I think its as much necessary as term insurance, though I couldn't find any suitable riders for illness anywhere.

A critical illness rider offers a lump - sum benefit to cover healthcare and other costs if you have a critical illness (such as cancer, kidney failure, end - stage lung disease, or other life - threatening condition).

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.

Although some pet insurance companies offer wellness care coverage, usually as an add - on rider to their accident and illness policy, the main reason to purchase health insurance for your pet is to cover the unexpected and potentially expensive events that happen.

A critical illness rider is an especially useful rider for a senior, as it's the demographic most affected by critical illnesses of all types.

Mortgage protection policies typically include benefits unavailable on straight life insurance products, options such as the return of premium, critical illness availability, terminal illness, confined care riders, and a simplified non-medical application process.

Typically, terminal life coverage is added as a rider to standard life insurance policies and the cost is generally minimal if the policy holder has yet to be diagnosed with a terminal illness.

Other riders are available as well for spouses and children, events of disability or critical illness, and additional methods of death benefit payout.

The critical illness rider is important in the life insurance as it covers heart attack, stroke, cancer and surgery.

This rider is basically the same as the terminal illness rider.

There are even chronic illness riders that offer additional benefits, such as the owner receiving a stream of monthly payments up to 100 percent of their remaining death benefit.

The Chronic Illness rider gives you the option to accelerate a portion of your death benefit early if you are certified by a physician as being unable to perform at least two ADLs or activities of daily living (bathing, continence, dressing, eating, toileting, transferring) or if you require substantial supervision due to severe cognitive impairment.

It permits you to claim a portion of your death benefits should you incur a «terminal illness» where you life expectancy will end within one year or some other period as defined in the policy / rider.

As shown in the example above, not only does IUL offer the ability to provide a tax - advantaged method of cash flow, many IUL policies offer riders and endorsements for critical illness, chronic illness, and terminal illness.

The Terminal Illness rider gives you the option to accelerate a portion of your death benefit if you are diagnosed as terminally ill with a life expectancy of one year or less.

The LifeScape Whole Life Insurance policy consists of a pair of riders at no extra premium, as well as an optional 10 riders that includes a Critical Illness Benefit.

There are life insurance policies that offer a critical illness insurance benefit often available as a rider to your policy.

The Critical Illness insurance rider is popular and it serves as additional protection in addition to the life insurance death benefit.

Additional living benefit riders, such as chronic illness and disability, can be added.

Life insurance with long term care rider or chronic illness rider if co-owner is diagnosed as chronically ill or with a severe cognitive disorder.

Finally, this rider is essentially the same as the Terminal Illness rider but it protects against illnesses that aren't life - threatening and haven't put a clock on your life.

With this product option, not only are your loved ones protected financially from your death, but with the critical illness rider add - on you would be eligible to receive a portion of the death benefit if you were to be diagnosed with a critical illness, such as Alzheimer's.

You may even wish to replace it with a rider that better fits your needs, such as a critical illness rider.

This article defines an Accelerated Death Benefit rider and presents common medical situations for which it may be used while you are alive, such as for a chronic illness or terminal medical condition

It can be purchased as a standalone product, or as a rider on a life insurance policy that triggers when a chronic illness leaves someone unable to care for themselves.

Additional protection options: Many term insurance plans comes with additional cover options in the form of riders such as Critical Illness, Accidental death or disability, Hospital cash etc..

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.

People who buy these Critical Illness riders will get a fixed lump sum amount as soon as the diagnosis is carried out by any of the prior conditions specified in the terms and conditions column of the document of the policy.

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.

Availability of optional riders at low premium such as accident benefit rider, accident and disability benefit rider, critical illness rider, accelerated critical illness rider, etc..

Again, there are some plans such as for critical illness that can be brought both as a rider or an add - on plan.

Many companies are also often additional rider or benefits to these policies for things like Long Term Care, Lifetime Income, Critical Illness or Injury, as well as Chronic Illnesses.

Riders such as accidental death benefit, critical illness, hospital cash and surgical care can be added for additional premiums.

This rider — also known as a Terminal Illness Rider — is included in your policy at no charge.