Sentences with phrase «including death benefit payments»

All guarantees, including death benefit payments, are dependent on the claims - paying ability of New York Life Insurance and Annuity Corporation (NYLIAC) and do not apply to the investment performance of the underlying funds in the variable annuity.

And when the insured ultimately passes away, the insurer is again required to provide reporting — to both the buyer / policyowner, and the IRS — including the death benefit payment, and (again) the estimated basis of the policy.

Not exact matches

The Fisher House Foundation, a Maryland - based charity, has promised to ensure the families of fallen troops will be paid survivor benefits during the government shutdown — including a $ 100,000 payment made within days of a death.

When you purchase an accidental death and dismemberment rider, read all the fine print and confirm that what is written reflects your understanding of the payment terms, death benefits, and what is both included and excluded from your coverage.

The cash value will be included in the death benefit payment, so as your cash value grows the insurer's commitment to cover the death benefit shrinks.

The term «proceeds and avails», in reference to policies of life insurance, includes death benefits, accelerated payments of the death benefit or accelerated payment of a special surrender value, cash surrender and loan values, premiums waived, and dividends, whether used in reduction of premiums or in whatever manner used or applied, except where the debtor has, after issuance of the policy, elected to receive the dividends in cash.

The death benefit can be used to help replace lost revenue or to pay costs associated with keeping the doors open, including rent, utilities, lease payments, and payroll.

Funds can not include anti-detriment payments as part of a death benefit if the member dies on or after 1 July 2017.

You may need to purchase more coverage so that the death benefit includes the extra mortgage payments.

Other benefits include accidental death, which provides benefits when death occurs as a result of an accident, family plan for insured spouse and children, disability waiver of premium, which waives the premium payments if the insured becomes disabled for more than 6 months and mortgage payment disability benefit which offers money to continue making payments if the insured individuals becomes disabled for 60 days or longer.

Where the death benefit is paid to a non-dependent child, the anti-detriment payment is included in the taxable component, taxed element.

From 1 July 2017, funds may only include an anti-detriment payment as part of a death benefit if the member has died on or before 30 June 2017.

Do not include: — Old Age Security Pension (Canadian), Guaranteed Income Supplement, Allowance or Allowance for the Survivor — War Veterans Allowance or Veterans Disability or Dependents Pension Program — Death Benefits from Canada Pension Plan or Quebec Pension Plan — Canada Child Tax Benefit payments — Assistance payments from a municipal, provincial or Canadian federal government — Support or gifts from relatives, registered charities or other organizations — Municipal tax rebates — Lottery winnings — Inheritances — GST credits or other such payments issued by the Canada Revenue Agency (CRA)-- Universal Child Care Benefit — Registered Disability Savings Plan payments

Worker's compensation benefits for bending injuries can include: payment of all medical bills, including prescriptions and mileage reimbursements; payment for vocational rehabilitation; weekly wage replacement; and more in the event of severe injury or death.

Further, family members of an employee killed in climbing accidents on the job may be eligible for death benefits, which can include payments based on a percentage of the employee's wages and a burial allowance.

Uses for death benefits include: • Income Replacement • Personal Debt Repayment • Business Purposes • Mortgage or Rent Payment • Legacy • Funeral and Burial Expenses

Also, this amount is tax deferred and it includes the portion of your life insurance policy premiums that go towards the payment of your death benefit protection as well as other insurance company expenses.

Illustration A document used to show a life insurance or annuity policy's guaranteed and (non-guaranteed) projected values, including cash values, income payments, and death benefits, based on certain assumptions.

Universal life can provide you with a variety of different payment options, including a flexibility of changing your death benefits, as well as the potential to accumulate cash value over time.

Accident benefits are required coverage that includes medical payments, funeral expense benefits, disability benefits and death benefits.

Offers more flexibility, including the death benefit amount, premium payment amounts and optional features which can help tailor the policy to fit your exact needs.

As an alternative, most life insurance policies can include an accelerated death benefit rider that allows for tax - free payments to cover medical care in certain «critical» circumstances.

Universal Life offers more flexibility, including the death benefit amount and premium payment amounts.

By contrast permanent life insurance policies, which include whole life and universal life policies, typically have higher monthly premiums, but are designed to provide a guaranteed death benefit to your heirs, as long as you continue to make your premium payments.

Oftentimes the accelerated death benefit is automatically included on certain types of life insurance policies for free or for just a small amount of additional premium payment.

Use Form 8853 to report Archer Medical Savings Account (MSA) contributions (including employer contributions), figure an Archer MSA deduction, report distributions from Archer MSAs or Medicare Advantage MSAs, report taxable payments from long - term care (LTC) insurance contracts, or report taxable accelerated death benefits from a life insurance policy.

Supplemental riders available with the term life insurance policy include: waiver of premium rider — premium payments may be waived if insured becomes totally disabled; children's level term insurance rider — Provides term coverage for children; and the accelerated benefit rider — You can receive a portion of the death benefit if you develop a terminal illness.

It's a permanent life policy that includes such features as varying premium payment amounts, varying death benefit, cash value accumulation and policy loans, to name just a few of the more common ones.

Accelerated Death Benefit (Included) Beginning in policy year 3, the rider provides for an advance payment of up to 50 % of the death benefit if the insured is diagnosed by a physician to have a life expectancy of 12 months or Death Benefit (Included) Beginning in policy year 3, the rider provides for an advance payment of up to 50 % of the death benefit if the insured is diagnosed by a physician to have a life expectancy of 12 months oBenefit (Included) Beginning in policy year 3, the rider provides for an advance payment of up to 50 % of the death benefit if the insured is diagnosed by a physician to have a life expectancy of 12 months or death benefit if the insured is diagnosed by a physician to have a life expectancy of 12 months obenefit if the insured is diagnosed by a physician to have a life expectancy of 12 months or less.

Any life insurance death benefit you have should include be able to cover this monthly support payment.

Both would include a modified death benefit, where only a partial payment would be delivered if death occurs in the first few years, with the exception being accidental death where it would pay in full regardless of time frame.

These include Medical Payments to cover your own injuries, Auto Death Benefits for the family should the income provider be injured fatally, as well as Disability Benefit in case your injuries prevent you from earning your usual income for a period of time.

Platinum boasts multiple new features at no additional cost, including a return of premium rider, guaranteeing the policy's cash surrender value will never be less than the premium payment; accelerated benefit riders for chronic illness, critical illness, and terminal illness; and a charitable giving rider, a unique feature that provides an additional death benefit of 1 percent of the policy face amount to the applicant's charity of choice.

It includes payment for accident related medical and rehabilitation costs, lost wages, and death benefits.

This policy offers flexible premium payments and death benefit options, including the ability to use cash value as a future financial cushion for things like retirement income and / or paying off debts.

With universal life insurance, Erie Family Life offers several features including a guaranteed interest rate, guaranteed cash value, guaranteed level death benefit, flexible payments, tax - free policy loans, and more.

Cash value life insurance typically features a level premium payment with a portion being used to pay the insurance costs, including administration expenses and costs associated with providing a death benefit, with the remainder directed to the cash account.

Top Survivorship Clause You can elect to include this clause in your policy as a method of postponing the payment of the death benefit.

Another endorsement — the Income Protection Option (IPO)-- will allow the policy owner to choose a specific form of payout for the policy's death benefit, including either a lump sum at various times or monthly payments to the beneficiary, at the time of policy issue.

Provides an option to accelerate a portion of the available death benefit and receive a payment (s) if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses.

Accelerated Death Benefit - Provides an option to accelerate a portion of the eligible death benefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is requiDeath Benefit - Provides an option to accelerate a portion of the eligible death benefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is reqBenefit - Provides an option to accelerate a portion of the eligible death benefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is requideath benefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is reqbenefit and receive a payment if the insured is diagnosed with a covered illness, which may include critical, chronic, and terminal illnesses (physician documentation is required).

There are a multitude of things that a life insurance death benefit can cover including funeral and burial expenses, outstanding debt life mortgage payments, income replacement for your spouse when you are no longer here, and your children's educational future.

Annuities typically offer tax - deferred growth of earnings and may include a death benefit that will pay your beneficiary a specified minimum amount, such as your total purchase payments.

Other features include the ability to increase or decrease the death benefit as the insured's needs change; the ability to change the amount and / or the timing of the premium payment; and the ability to choose which investment options may be able to help the policy holder to meet best his or her retirement income needs the best.

The company offers three types of riders under the plan which includes Accident Benefit Rider which promises the payment of an additional Sum Assured in the event of accidental death of the life insured.

The benefits include regular hospitalization benefits on floater basis and provides lump sum assured payment in the event of death

The cash value will be included in the death benefit payment, so as your cash value grows the insurer's commitment to cover the death benefit shrinks.

The various benefits of this plan include: — ● Participating whole life endowment plan ● Participation in profits by way of bonuses ● Lump sum death benefit ● Option to pay regular premium payments ● Continuity of plan even after maturity

Life insurance policy ownership rights include the ability to: A) change beneficiaries B) reduce the policy death benefit C) change address D) change payment E) withdraw cash accumulation value F) cancel / surrender the policy

Other time - sensitive benefits include the pre-existing conditions waiver, which is available if the plan is purchased within 15 days of your initial trip payment and all eligibility requirements are met, and the accidental death flight only benefit.