Sentences with phrase «insured access to the death benefit»

Not exact matches

¹ Access to cash values through borrowing or partial surrenders will reduce the policy's cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

Accelerated Access Rider Allows insured to accelerate a portion of their life insurance death benefit in the event they are diagnosed with a chronic or critical illness that meets certain eligibility requirements.

Accelerated Access Rider Allows insured to accelerate a portion of their life insurance death benefit in the event they are diagnosed with a chronic or critical illness that meets certain eligibility requirements.

Allows the insured to access the death benefit payout while still living if he / she is diagnosed with terminal illness and needs to use the cash to cover the costs of care.

On the protection side, it generally includes a tax - free death benefit to your loved ones and has an optional feature that gives you the ability to access your policy values to help pay for costs should the insured suffer from a chronic or terminal illness, just in case.

The ADB rider allows the owner to access a portion of the death benefit if the insured is diagnosed terminally ill.

An accelerated death benefit (ADB) payout allows the insured to access a portion of the death benefit in advanced if he or she is diagnosed withe a qualifying terminal illness or chronic illness.

On the protection side, it generally includes a tax - free death benefit to your clients» loved ones and has an optional feature that gives them the ability to access their policy values to help pay for costs should the insured suffer from a chronic or terminal illness, just in case.

Access up to 60 % or $ 1 million (whichever is less) of the policies death benefit if the insured is diagnosed with a terminal illness.

Here, the insured may be able to access up to 75 % of the policy's primary death benefit or $ 500,000 — whichever amount is less.

Also, an insured may also be able to access money from the policy's death benefit while they are still living to help pay expenses if they are diagnosed with a terminal illness and if they are confined to a nursing home.

Some make you pay for the benefit, which allows for the owner to access a portion of the death benefit prior to death if the insured has chronic illness and / or is terminally ill (expected to die within 24 months).

In short, if an insured has been legally declared terminally ill, with a time frame of 12 - 24 months or less, they will be granted access to a portion of the death benefit proceeds while they are still alive.

The insured may also be able to access a portion of the death benefit to help with covering the cost of an unexpected illness.

¹ Access to cash values through borrowing or partial surrenders will reduce the policy's cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

Chronic Illness Rider: In the case of the insured being diagnosed with a chronic illness or have less than 6 months to live, this rider allows the insured to have access to death benefits for the cost of living such as nursing home or medical bills.

The insured can access the entire death benefit in a short amount of time to help pay for a chronic illness.

In addition, the insured can access a portion of the death benefit in order to help in covering the expense of an unexpected illness.

Modified Endowment Contracts still offer a tax - free death benefit to the insured (this being their primary advantage over an annuity or other investment) but policy owners can no longer access their investment gains on a tax - free basis.

If, after this policy has been purchased, the insured's health status changes, he or she may be able to access funds from the policy's death benefit via the Accelerated Death Benefit for Chronic Illness Rdeath benefit via the Accelerated Death Benefit for Chronic Illnessbenefit via the Accelerated Death Benefit for Chronic Illness RDeath Benefit for Chronic IllnessBenefit for Chronic Illness Rider.

In addition, if the insured should contract an unexpected illness, he or she may be able to have access to a portion of the death benefit in order to assist with medical and other related expenses.

With the Accelerated Death Benefit for Chronic Illness Plus Rider, up to 100 % of the policy's death benefit may be accessed in advance — with a monthly benefit of 2 % — if the insured is certified by a licensed health care practitioner of being unable to perform two specific activities of daily liDeath Benefit for Chronic Illness Plus Rider, up to 100 % of the policy's death benefit may be accessed in advance — with a monthly benefit of 2 % — if the insured is certified by a licensed health care practitioner of being unable to perform two specific activities of daily Benefit for Chronic Illness Plus Rider, up to 100 % of the policy's death benefit may be accessed in advance — with a monthly benefit of 2 % — if the insured is certified by a licensed health care practitioner of being unable to perform two specific activities of daily lideath benefit may be accessed in advance — with a monthly benefit of 2 % — if the insured is certified by a licensed health care practitioner of being unable to perform two specific activities of daily benefit may be accessed in advance — with a monthly benefit of 2 % — if the insured is certified by a licensed health care practitioner of being unable to perform two specific activities of daily benefit of 2 % — if the insured is certified by a licensed health care practitioner of being unable to perform two specific activities of daily living.

The insured may also be able to have access to the death benefit funds if he or she qualifies, based on a terminal illness diagnosis.

Additional benefit riders should your health status change: With the Accelerated Death Benefit for Chronic Illness Rider, up to 50 % of the policy's death benefit ($ 500,000 maximum) can be accessed in advance if a licensed health care practitioner certifies during the prior 12 - month period that the insured is unable to perform at least two of six activities of daily living for a period of at least 90 days due to a loss of functional capacity, or has a severe cognitive impairment, requiring substantial supervision to ensure the health and safety of him or hbenefit riders should your health status change: With the Accelerated Death Benefit for Chronic Illness Rider, up to 50 % of the policy's death benefit ($ 500,000 maximum) can be accessed in advance if a licensed health care practitioner certifies during the prior 12 - month period that the insured is unable to perform at least two of six activities of daily living for a period of at least 90 days due to a loss of functional capacity, or has a severe cognitive impairment, requiring substantial supervision to ensure the health and safety of him or herDeath Benefit for Chronic Illness Rider, up to 50 % of the policy's death benefit ($ 500,000 maximum) can be accessed in advance if a licensed health care practitioner certifies during the prior 12 - month period that the insured is unable to perform at least two of six activities of daily living for a period of at least 90 days due to a loss of functional capacity, or has a severe cognitive impairment, requiring substantial supervision to ensure the health and safety of him or hBenefit for Chronic Illness Rider, up to 50 % of the policy's death benefit ($ 500,000 maximum) can be accessed in advance if a licensed health care practitioner certifies during the prior 12 - month period that the insured is unable to perform at least two of six activities of daily living for a period of at least 90 days due to a loss of functional capacity, or has a severe cognitive impairment, requiring substantial supervision to ensure the health and safety of him or herdeath benefit ($ 500,000 maximum) can be accessed in advance if a licensed health care practitioner certifies during the prior 12 - month period that the insured is unable to perform at least two of six activities of daily living for a period of at least 90 days due to a loss of functional capacity, or has a severe cognitive impairment, requiring substantial supervision to ensure the health and safety of him or hbenefit ($ 500,000 maximum) can be accessed in advance if a licensed health care practitioner certifies during the prior 12 - month period that the insured is unable to perform at least two of six activities of daily living for a period of at least 90 days due to a loss of functional capacity, or has a severe cognitive impairment, requiring substantial supervision to ensure the health and safety of him or herself.

Accelerated Death Benefit for Chronic Illness Plus Rider: Selected at issue and available at an additional cost, this rider allows for up to 100 % of the policy's death benefit to be accessed in advance (with a monthly benefit of 2 %, capped at the then current IRS per diem times 30) if the insDeath Benefit for Chronic Illness Plus Rider: Selected at issue and available at an additional cost, this rider allows for up to 100 % of the policy's death benefit to be accessed in advance (with a monthly benefit of 2 %, capped at the then current IRS per diem times 30) if the iBenefit for Chronic Illness Plus Rider: Selected at issue and available at an additional cost, this rider allows for up to 100 % of the policy's death benefit to be accessed in advance (with a monthly benefit of 2 %, capped at the then current IRS per diem times 30) if the insdeath benefit to be accessed in advance (with a monthly benefit of 2 %, capped at the then current IRS per diem times 30) if the ibenefit to be accessed in advance (with a monthly benefit of 2 %, capped at the then current IRS per diem times 30) if the ibenefit of 2 %, capped at the then current IRS per diem times 30) if the insured:

With the Accelerated Death Benefit for Terminal Illness Rider, up to 75 % of the policy's death benefit ($ 500,000 maximum) can be accessed in advance if a licensed physician certifies that the insured is terminally ill with less than 12 months to Death Benefit for Terminal Illness Rider, up to 75 % of the policy's death benefit ($ 500,000 maximum) can be accessed in advance if a licensed physician certifies that the insured is terminally ill with less than 12 months tBenefit for Terminal Illness Rider, up to 75 % of the policy's death benefit ($ 500,000 maximum) can be accessed in advance if a licensed physician certifies that the insured is terminally ill with less than 12 months to death benefit ($ 500,000 maximum) can be accessed in advance if a licensed physician certifies that the insured is terminally ill with less than 12 months tbenefit ($ 500,000 maximum) can be accessed in advance if a licensed physician certifies that the insured is terminally ill with less than 12 months to live.

This rider provides the policy owner access to the greater of $ 250,000 or 10 % of the eligible death benefit proceeds prior to the insured's death.

Access to cash values through borrowing or partial surrenders can reduce the policy's cash value and death benefit, increase the chance that the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

Loans may be taken out on the value of this policy at a fixed rate.3 Additionally, early access to benefits may be available with the Accelerated Death Benefit Endorsement if the insured should become terminally ill.4

In addition to the Terminal Illness Accelerated Death Benefit (TIADB) endorsement, the LB policy series plans also offer a Chronic Illness Accelerated Death Benefit (CHADB) whereby if the insured is chronically ill, a portion of the policy's face amount can be accessed for use in advance of dDeath Benefit (TIADB) endorsement, the LB policy series plans also offer a Chronic Illness Accelerated Death Benefit (CHADB) whereby if the insured is chronically ill, a portion of the policy's face amount can be accessed for use in advance of dDeath Benefit (CHADB) whereby if the insured is chronically ill, a portion of the policy's face amount can be accessed for use in advance of deathdeath.

Many of these plans will also offer the ability to access the death benefit funds while the insured is still living if he or she has been diagnosed with a terminal illness.

They allow the insured to gain access to their death benefit prior to death.

Access to cash values through borrowing will reduce the policy's cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

That means up to 90 percent of the death benefit can be accessed before death if the insured becomes terminally or chronically ill.

Today, many life insurance policies will also allow policyholders to access a portion of the death benefit for certain needs while the insured is still alive.