Sentences with phrase «individual death benefit amounts»

The average death benefit associated with each life insured in the portfolio is US$ 1.8 m, but there is considerable variation in the size of individual death benefit amounts.

Not exact matches

When the individual dies, the employer receives a portion of the death benefit equal to the amount paid in premiums.

The coverage you need, such as the term length and the death benefit amount, will depend on your individual financial needs and the costs that your family would need to cover if you were to die.

It's one - size - fits - all Individual life insurance policies allow you to customize the death benefit amount and term length, and change policy provisions through riders.

Insurance companies make a tremendous amount of money from lapsed policies, after individuals pay premiums for years and then never collect a death benefit.

The high premiums, combined with a low face amount for the death benefit, make guaranteed issue life insurance a less desirable option for relatively healthy individuals.

The coverage you need, such as the term length and the death benefit amount, will depend on your individual financial needs and the costs that your family would need to cover if you were to die.

These policies provide a level amount of death benefit, as well as a premium price that can not be changed once the individual has been approved.

Based on the individual's health history, there are differing death benefit amounts available.

An individual who enters into a whole life insurance contract with an insurance carrier agrees to a specified death benefit amount in exchange for a fixed level premium.

According to the Financial Industry Regulatory Authority, a life settlement occurs when a life insurance policy is sold to an individual or entity other than the company that issued the policy for an amount that exceeds the policy's cash surrender value, but is less than the net death benefit.

In many cases, permanent life insurance quotes will be higher than term life quotes for a comparable amount of death benefit coverage on an individual.

For individuals and families, the company's term life insurance provides a guaranteed death benefit amount for a set period.

The policy can be even further customized by adding riders such as the estate protection rider — which increases the amount of the death benefit by up to 100 percent should both of the insured individuals pass away before the fourth anniversary of the policy — and / or the guaranteed policy split rider — which allows the policy to be split into two individual policies should the insured individuals divorce each other, or if the tax laws change.

I ran a quote for one individual where she could choose to pay $ 700 annually for a Term policy, or pay $ 8,700 for a Whole Life policy with the same amount of death benefits!

The amount of death benefit needed is very specific to each individual situation, and we advise that you always consult with a financial planner when determining specific needs.

If you do decide to allocate your death benefit to several individuals, we recommend you designate a percentage of the life insurance proceeds to each individual rather than a specific amount.

Since the insurance company is taking on more risk by insuring higher risk individuals, the maximum amount of death benefit you can get is substantially lower.

With accidental death insurance, an individual will have death benefit coverage — which is a guaranteed amount of funds that is paid out to his or her beneficiary (or beneficiaries) should the insured die as the result of a covered accident.

The other is the Immediate Annuity plan where the individual pays an amount and annuity payments start immediately from the next month or any other period as chosen and there is no benefit payable on death.

This amount will then be used to pay death benefits to be forwarded to the family of the insured individual.

Term life insurance is only a death benefit of a specified amount for a level amount of time, and the premium is extremely cheap for healthy individuals.

The lump sum is similar to the one - time benefit usually given by retirement plans because the lump sum will be given one time only, but it is the total amount of the death benefit left by the deceased individual's insurance policy.

Unlike term and whole life insurance, which offer fixed premiums, guarantee universal life policies allow you to vary the amount and timing of your premiums — and even the death benefit — based on your individual circumstances.

(Note: Premium amount is based on the Death benefit - Option - 1 «Life Option» for a non smoker individual keeping good health conditions at the time of buying this insurance plan)

In case of death or maturity benefit, the balance in the Individual Policy Account is reduced by an amount equal to the interest credited in advance for the remaining part of the quarter.