Sentences with phrase «initial death benefit amounts»

The higher premium amount coupled with the lower initial death benefit amounts are the biggest disadvantage to universal life insurance option B.

However, you can always adjust the initial death benefit amount to lower your premiums.

However, you can always adjust the initial death benefit amount to lower your premiums.

Not exact matches

A deferred income annuity has a death benefit option that returns your initial purchase amount to your beneficiaries if you die before the commencement age you've chosen.

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 receDeath 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 reBenefit: 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 recedeath 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 rebenefit 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 recedeath, 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.

2After the initial death benefit period ends the death benefit will begin to decrease while your premium payment amount remains the same.

After your initial level benefit period ends, your guaranteed death benefit will begin to decrease while your premium payment amount remains level.

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.

c. Level death benefit with account value: The amount given is equivalent to the initial face value amount plus its gross account value.

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.

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.

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

In this case, the principal would be the initial amount of death benefit proceeds that the income is based on).

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.