Sentences with phrase «income death benefit payout option»

His life cover is a Sum Assured of Rs. 1 crore and he chooses the lump sum plus monthly income death benefit payout option.

His life cover is a Sum Assured of Rs. 1 crore and he chooses the lumpsum plus monthly income death benefit payout option.

Not exact matches

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

Income Protection Option: Rather than the typical lump sum payout upon death, you can choose to pay your beneficiary the death benefit a monthly income sIncome Protection Option: Rather than the typical lump sum payout upon death, you can choose to pay your beneficiary the death benefit a monthly income sincome stream.

With the cash refund payout option (also known as the death benefit), you are guaranteed that any principal (premium paid into the contract) not yet returned through income payments will be returned to your beneficiary upon your passing.

With the Income Provider Option, you have the ability to select a guaranteed income stream of up to 30 years as your death benefit pIncome Provider Option, you have the ability to select a guaranteed income stream of up to 30 years as your death benefit pincome stream of up to 30 years as your death benefit payout.

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 requiroptions, 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 requiBenefits 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 requibenefits 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 requireIncome 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 requirOptions 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 requireincome 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.

These contracts have no cash surrender value and contracts in which a Life Only payout option is selected do not provide a death benefit either prior to, or after, the designated income start date.

Extra Life Income Option: An extension to the income option, benefits include lump - sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inceIncome Option: An extension to the income option, benefits include lump - sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inceOption: An extension to the income option, benefits include lump - sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inceincome option, benefits include lump - sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inceoption, benefits include lump - sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inceincome (level or increasing) chosen at the time of inception.

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.

Income Protection Option: Rather than the typical lump sum payout upon death, you can choose to pay your beneficiary the death benefit a monthly income sIncome Protection Option: Rather than the typical lump sum payout upon death, you can choose to pay your beneficiary the death benefit a monthly income sincome stream.

Option B - Income Protection Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of pOption B - Income Protection Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of poption, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of policy.

You can choose the death benefit payout options as lumpsum or income along with the number of months you want the death benefit to be paid and also between equal or increasing monthly sums compounded @ 5.00 % per annum.

This payout option also provides monthly income for 10 years (0.42 % of death benefit every month) increasing @ 8.5 % simple rate of interest annually.

Note: In case of death of the life insured during the payout period, the nominee can exercise an option to either continue receiving the Income Benefit and one — time Terminal Benefit or opt for the Commuted Value of the same.

Simple Reversionary Bonus vested annually from the end of the 1st policy year and is payable on survival during benefit payout term or death of the life insured / maturity of the policy, as applicable under Pure Income Benefit & Income with Maturity Benefit Option respecbenefit payout term or death of the life insured / maturity of the policy, as applicable under Pure Income Benefit & Income with Maturity Benefit Option respecBenefit & Income with Maturity Benefit Option respecBenefit Option respectively.

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

This plan provides the option to choose the death benefit as lump - sum payout plus the monthly income benefit to your family so they can easily meet their day to day expenses.

o Income Benefit Option: This payout option provides 1 % of sum assured every months for the next 130 months starting from the next month from the date of death of the life inOption: This payout option provides 1 % of sum assured every months for the next 130 months starting from the next month from the date of death of the life inoption provides 1 % of sum assured every months for the next 130 months starting from the next month from the date of death of the life insured.

o Death Benefit Income Option: This death payout option provides 1 % of the total sum assured to the family every month for a period of 130 moDeath Benefit Income Option: This death payout option provides 1 % of the total sum assured to the family every month for a period of 130 mOption: This death payout option provides 1 % of the total sum assured to the family every month for a period of 130 modeath payout option provides 1 % of the total sum assured to the family every month for a period of 130 moption provides 1 % of the total sum assured to the family every month for a period of 130 months.

Flexibility To Get Monthly Income As Lump Sum - The Plan offers you the Commutation Option wherein you can receive the present value of the Survival and Death Benefit respectively instead of the monthly payouts.