The more we talk, the more they start to realize that
the initial amount of death benefit they were playing around with on the life insurance quote engine on my site was way too low to make any sense in their overall financial plan.
In this case, the principal would be
the initial amount of death benefit proceeds that the income is based on).
Not exact matches
Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments rece
Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments re
Benefit: For QLACs with return
of premium and / or
death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments rece
death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments re
benefit riders, beneficiaries will receive any remaining value in the contract in the case
of the annuitant's premature
death, amounting to the difference between the initial premium paid and the cumulative income payments rece
death,
amounting to the difference between the
initial premium paid and the cumulative income payments received.
Initial premium rate is based on age and gender for all
death benefit amounts; tobacco or nicotine substitute use is an additional premium factor for
death benefits of $ 101,000 through $ 300,000.
For DIAs with return
of premium and / or
death benefit riders, beneficiaries will receive any remaining value in the contract in the case
of the annuitant's premature
death,
amounting to the difference between the
initial premium paid and the cumulative income payments received.
They also may feature graded
death benefits, meaning you won't receive the full
benefit amount if you die during an
initial period
of time (usually the first year or two
of the policy).
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).
For a chronic illness claim, the minimum accelerated
death benefit amount per election, except the final election, is 5 %
of the
death benefit on the
initial election date or $ 50,000, whichever is less.
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.
The
death benefit amount for the Member Advantage Life UL will decrease each year after the
initial 20 year coverage period until it reaches the minimum
of $ 10,000.
Once the
initial two - year period has ended, the full
amount of the stated
death benefit will be received if the insured should die.
Their term life provides protection for a certain
amount of time plus a cash
benefit upon
death while their permanent life insurance package provides long - term protection but a higher
initial premium.
The face
amount of the policy is the
initial amount that the policy will pay at the
death of the insured or when the policy matures, although the actual
death benefit can provide for greater or lesser than the face
amount.
The premium for the term insurance coverage is reduced based on the lower
death benefit amount, while the premium for the new permanent coverage is based on the
initial health rating and the current age
of the insured.
After your
initial payment, you have the option
of reducing or increasing the
amount of your
death benefit.
If you choose to pay off the loan, your
death benefit will be reinstated as the
initial face value
of the policy (plus the entire cash - value
amount earned while owning the policy, if you have requested that option).
In addition, variable annuities typically offer a permanent minimum
death benefit for beneficiaries which may be limited to the
amount of the
initial investment in the annuity contract, and this perhaps offsets some
of the sub-account risk.