Sentences with phrase «increase death benefit amounts»

Notice that the cost difference between age 49 and 50 is not huge for 10 - year policies, but as you increase death benefit amounts and term lengths, the savings become significant.

An optional benefit that will increase the death benefit amount if your death is due to an accident.

Accidental death benefit rider — This rider will increase the death benefit amount if the death is the result of an accident.

An optional benefit that will increase the death benefit amount if your death is due to an accident.

These dividends are payable to the policy and increase the death benefit amount.

Not exact matches

Use of the accelerated death benefit with permanent policies may increase countable assets if the amount advanced exceeds the cash surrender value.

So, if your financial situation changes over time and you want a greater amount of coverage, you would be able to increase your policy's death benefit without demonstrating your insurability.

Optional death benefits are available for an additional fee and offer the potential to increase the amount of money you provide when the time comes.

Benefits increase 5X in case of accidental death If you die as the result of an accident (as defined in your policy) before age 85, your beneficiary will be eligible to receive five times your coverage amount.

With a properly structured policy, the death benefit face amount will increase as your child ages, providing your child with the ability to create a future legacy for your children's children's children.

It's the only policy that lets you change premium payments and increase or decrease your payout (death benefit) amount.

A PerspectiveSM variable annuity includes a standard death benefit and the option to choose one of our enhanced benefits that for an additonal fee offers the potential to increase the amount of money you provide when the time comes.

With universal policies (universal life and variable universal life) you can reduce or increase the amount of the death benefit and vary the amount or timing of premium payments, subject to certain limitations.

Section 279D of the ITAA 1936 allowed a deduction to a superannuation fund which paid a death benefit to a dependant of the deceased member where the fund increased the benefit to the amount that would have been paid had there been no tax on contributions.

Compared to a policy that provides an increasing death benefit, one that provides a level death benefit will be less expensive (that is, the premiums will be lower for the same amount of initial benefit).

The amount of this death benefit can not decrease, nor can the amount of the premium increase — even in the event that the insured contracts an adverse health condition in the future.

Benefits increase 5X in case of accidental death If you die as the result of an accident (as defined in your policy) before age 85, your beneficiary will be eligible to receive five times your coverage amount.

Moreover, the face amount of death benefit is also flexible and you can increase or decrease it with regard to your current financial opportunities.

Paid - Up Additions Amounts of life insurance purchased either by policy dividends or by additional premium, and added to the original life insurance policy to increase the death benefit and cash values.

Offers flexible death benefit, allowing you to increase or decrease your death benefit amount to accommodate your ever - changing needs

The death benefit increases because small amounts of additional insurance are being purchased each year.

With whole life insurance, the premium amount will never increase, and the amount of the death benefit will not decrease — even as the insured gets older (and even if he or she contracts an adverse health issue).

You may purchase Additional PIP coverage, to raise the overall limit of No - Fault benefits available in case of an accident up to $ 100,000 or higher and, in the process, increase the potential maximum amounts of lost earnings payments, other necessary expenses or the death benefit, depending on the limit you select.

On death, the beneficiaries receive an increased death benefit from the cash value amount that was accrued within the policy.

Enhanced Beneficiary Benefit Rider (EBB) This optional rider can increase the amount of the death benefit your beneficiaries receive, depending on the performance of the Benefit Rider (EBB) This optional rider can increase the amount of the death benefit your beneficiaries receive, depending on the performance of the benefit your beneficiaries receive, depending on the performance of the policy.

The policy is called «graded» because the death benefit is graded — it increases a bit for the first few years of the policy until it reaches the amount you buy — for example if you buy a $ 100,000 graded policy, the $ 100,000 won't be fully in effect until after 3 years (or two years depending on the company).

But they start with appreciably lower amounts than with Level Term or Increasing Term policies because the death benefit in the event of the insured's death is decreasing all the time.

As neither the cash value nor the death benefit is predetermined or guaranteed, the policyholder bears the risk of a poor fund performance which results in the decreased amount of the death benefit and the cash value and the increased premiums the insured has to pay to keep the policy in effect.

Because it is whole life, premiums never increase, but your initial monthly cost will be substantially higher than the term counterpart of the same death benefit amount.

If the cash value amount exceeds a fixed threshold, the death benefit will automatically increase.

It's the only policy that lets you change premium payments and increase or decrease your payout (death benefit) amount.

Death benefit amounts of whole life policies can also be increased through accumulation and / or reinvestment of policy dividends, though these dividends are not guaranteed and may be higher or lower than earnings at existing interest rates over time.

b. Level death benefit, indexed: This option features yearly increase in the amount of death benefit as predetermined by percentage rule.

People who have a serious health problem may receive a policy with a «graded death benefit,» which means the coverage amount increases over time and your beneficiaries won't receive the full face value if you die within the first few years of the policy.

However, the policy does not provide any returns beyond the death benefit (the amount of insurance purchased); the policy has no additional cash value, unlike permanent life insurance policies, which have a savings component, increasing the value of the policy and its eventual payout.

d. Level death benefit with cumulative gross premiums: The amount received is increased as the amount of the gross deposit added to the policy increases.

This can increase the amount of death benefit coverage that is paid out to the beneficiary, provided that the insured dies as a result of injuries that were sustained in a covered accident.

Graded Death Benefit Life Insurance is a type of life insurance policy that provides a limited amount of life insurance to begin with, and over time the amount of life insurance coverage will increase, either gradually before leveling off, or sharply before it becomes level.

As long as sufficient premium payments are made on a timely basis (exactly as illustrated), no unscheduled loans or partial withdrawals are taken, no increase in face amount or changes in death benefit options are made, and policy loan value does not exceed the policy's cash surrender value, the insurance coverage will remain in effect.

Value Term Life from Farmers comes with a guaranteed death benefit amount, and your premiums won't increase during the term you sign up for.

After your initial payment, you have the option of reducing or increasing the amount of your death benefit.

After a certain amount of time, stipulated in the policy, the accumulated cash can be used for loans or other purposes while you are living, or can be an increased death benefit to your beneficiaries.

These are: • Death benefits deemed on not to increase • The maturity date payable • Death benefits that should be provided right after the maturity date is being determined • The sum amount of the total endowment benefit which includes the cash value surrendered within the maturity date that should not the very least exceed the amount payable as death benefit within the span of the contDeath benefits deemed on not to increase • The maturity date payable • Death benefits that should be provided right after the maturity date is being determined • The sum amount of the total endowment benefit which includes the cash value surrendered within the maturity date that should not the very least exceed the amount payable as death benefit within the span of the contDeath benefits that should be provided right after the maturity date is being determined • The sum amount of the total endowment benefit which includes the cash value surrendered within the maturity date that should not the very least exceed the amount payable as death benefit within the span of the contdeath benefit within the span of the contract.

This type of coverage is guaranteed in terms of the death benefit amount, regardless of the insured's increasing age, and whether or not the insured contracts a health issue — and, the cash value will grow at a set interest rate that is set by the insurance company.

During the time that is chosen, the death benefit on the policy remains level, and the amount of the premium will not increase.

As a rider you can attach to a life insurance policy, the Guaranteed Insurability option allows you to increase the coverage amount on specific dates or to choose an entirely new policy based on your original life insurance health rate class.You will be limited on how much you can get, but typically the maximum amount will be twice your original death benefit, up to $ 125,000.

Whole life insurance provides a set amount of death benefit protection, as well as a premium that will not increase over time — even as the insured ages, or if they contract an adverse health issue.

The death benefit can be a set amount, or conversely it can increase over time.

Determining amounts to be received by multiple beneficiaries should be done as a percentage of the amount to be dispensed at the time of expiry since the death benefit of permanent policies may change as their cash values increase or decrease over time.

Typically, once an insured has been approved for coverage, the amount of the death benefit protection is locked in, as is the premium amount — which means that the premium that is charged will not go up, even as the insured's age increases, and if he or she contracts an adverse health condition.