Sentences with phrase «interest as a death benefit»

Not exact matches

Elite Choice also offers traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, combined with the potential for additional interest linked to the return of an index.

MarketProtector offers the benefits of a traditional fixed annuity, such as guaranteed minimum interest, death benefits, and retirement income options such as IncomeAccelerator, which is an optional income benefit for an additional charge.

These changes are not significantly affected by economic developments, with the exception of changes in the interest rate forecast on federal employees» future benefits, such as pensions, death benefits, etc..

Unless the value that you withdraw is paid back to the insurance carrier before your death, the balance of your loan will be deducted from the death benefit, and the carrier will need you to repay the interest on the loan as well.

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

Insurers want to pay out as quickly as they can, though, to avoid interest charges on unpaid death benefits.

Since the underwriting is limited, the death benefits are as well, though this is fine if you're interested in final expense coverage as the average funeral costs around $ 10,000.

Generally, if you receive the proceeds under a life insurance contract as a beneficiary due to the death of the insured person, the benefits are not includable in gross income and do not have to be reported; any interest you receive is taxable and you should report it just like any other interest received.

Over time, as more of the premium is devoted to the cash account, this account will begin to amass funds more rapidly, as compound interest really kicks in, increasing both your cash value and death benefit.

However, if your beneficiary receives the life insurance payment as a series of installments, the insurer will typically pay interest on the outstanding death benefit.

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

As you use your cash flow to pay back your loan with interest, you are increasing your death benefit and cash flow growth.

With a life policy, interest begins to be applied to a death benefit as soon as a claim is filed.

MarketProtector Advisory offers the same benefits of a traditional fixed annuity, such as guaranteed minimum interest, death benefits, and retirement income options such as IncomeAccelerator, which is an optional income benefit for an additional charge.

Elite Choice also offers traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, combined with the potential for additional interest linked to the return of an index.

This fixed index annuity offers the same traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, flexible retirement income options, and tax - deferred * earnings, but has the added feature of a 2.5 % or 5 % bonus to give your contract value an instant boost.

MarketProtector offers the benefits of a traditional fixed annuity, such as guaranteed minimum interest, death benefits, and retirement income options such as IncomeAccelerator, which is an optional income benefit for an additional charge.

Jackson AscenderPlus Select offers traditional fixed annuity benefits, such as guaranteed minimum interest, death benefits, and flexible retirement income options including LifePay ®, an optional income rider available for an additional charge.

Deferred annuities also provide a death benefit, so your chosen beneficiary of the annuity is guaranteed the principal amount as well as the compounded interest.

The original death benefit will still be paid out income tax free and the additional amount paid out to your beneficiary will be reported as interest income.

The Commissioner's view is that the roll - over by a spouse of a deceased member's death benefit income stream does not change a superannuation provider's regulatory requirement to cash the deceased member's superannuation interest as soon as practicable.

The Commissioner has become aware that industry participants have inferred that subsection 307 - 5 (3) provides a mechanism for the spouse of a deceased member to roll over a death benefit income stream and retain the amounts as their own superannuation interest without the need to immediately cash - out that benefit.

On 15 June 2015, Justin's remaining superannuation interest is paid to Edwina, his spouse, as a death benefit income stream from SMSF A. Edwina also has her own accumulation interest with SMSF A.

If the total value of your retirement phase interests exceeds the transfer balance cap and you only have a death benefit income stream, you can commute the excess as a lump sum.

Where the superannuation provider cashes a deceased member's superannuation interest to a dependant beneficiary as a death benefit income stream, the compulsory cashing requirement is met as long as the superannuation income stream continues to be paid.

Some insurance policies are quite complex and can have a number of features such as guaranteed death benefits, guaranteed interest etc., incorporated into them.

Your personnel officer will review the election opportunities to provide benefits after your death to your husband or wife, ex-spouse, or another person you designate as having an insurable interest in your continuing life.

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As we said before, you don't even have to repay anything at all if you're happy enough to see your death benefit reduce or if the policy is efficient enough to gain interest and dividends to offset the loan balance interest.

As it acquires interest the cash value rises and it is designed to equal the death benefit at age 100.

Permanent insurance offers the same type of death benefits as term insurance but it comes with the additional advantage of providing you with a cash value accumulation feature which is based on interest or depends on how well the market performs.

Insurers can pay death benefit in installments over a definite period of time and at a defined rate of interest, as approved under the «file and use» procedure on the declining balance if such an option is provided at the inception of the policy.

As with whole life insurance, you may be able to take loans against the cash value of a universal life policy, however the death benefit and cash value will be reduced by the amount of any outstanding loans and interest upon your death.

There are several types of universal life insurance policies, including interest - sensitive (also known as «traditional fixed universal life insurance»), variable universal life (VUL), guaranteed death benefit, and has equity - indexed universal life insurance.

The money in your fixed annuity, which you invest as a lump sum, earns a guaranteed fixed rate of interest.2, 3 Fixed deferred annuities are not subject to the ups and downs of the stock market and you don't pay taxes on your earnings until you withdraw them.4 With a fixed deferred annuity, you will also receive protection for your beneficiaries through a guaranteed death benefit.2

The money in your annuity, which you invest as a lump sum, earns a guaranteed fixed rate of interest.2 Fixed deferred annuities are not subject to the ups and downs of the stock market and you don't pay taxes on your earnings until you withdraw them.3 With a fixed deferred annuity, you will also receive protection for your beneficiaries through a guaranteed death benefit.1

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

With interest - sensitive whole life insurance, you can have more flexibility with your life insurance policy such as increasing your death benefit without raising your premiums depending on the economy and the rate of return on your cash value portion.

Option A is often referred to as a «level death benefit»; death benefits remain level for the life of the insured, and premiums are lower than policies with Option B death benefits, which pay the policy's cash value — i.e., a face amount plus earnings / interest.

The policy's death benefit is initially based on the funeral cost at the time of prearrangement, and it then typically grows as interest is credited.

This type of life insurance coverage will provide a death benefit, as well as a cash value that will grow, based on a certain percentage of interest each year that is set by the insurance carrier.

Death benefits are normally paid out free of income tax, though interest on the death benefit is still taxable as inDeath benefits are normally paid out free of income tax, though interest on the death benefit is still taxable as indeath benefit is still taxable as income.

Some of these features include access to the funds if the owner is confined to a nursing home, 10 % to 20 % free withdrawals each year for any reason, increased value as a death benefit, and higher interest earning guarantees while taking a fixed income stream that includes the ability to stop at any time and continue the annuity.

Similarly, the cash value in your current policy may also be enough to pay the premiums for a number of years into the future, but that, too, will erode the death benefit over time, as the loans to pay premiums accumulate with interest (if you were not paying some or all of those amounts back to the insurance company).

The North American Company's Legacy Optimizer indexed universal life insurance plan provides death benefit protection, as well as the opportunity for earning interest that is based on the movement of stock indexed such as the S&P 500.

And further, as you recapture your interest and pay back your policy loan, with interest, you are growing your policy's cash value exponentially, while simultaneously increasing your death benefit.

The goal is to build the cash value account so that the interest earnings offset the higher death benefit costs as you age.

In Iowa, interest begins to be applied to a death benefit as soon a claim is filed and if your life insurance company fails to pay the claim within 30 days, the interest rate increases on the 31st day.

While a permanent policy's cash value can be borrowed against to help with expenses such as retirement or college tuitions, the loans can reduce the death benefit and cash value of the policy and the loan interest may be charged on the amount borrowed.

Your death benefit coverage can be guaranteed, provided that premiums are paid exactly as illustrated.1 The Lapse Protection Benefit allows you to ensure that your policy will be in - force for as long as you'd like, without regard to factors such as policy charges and changes in interest rates that are outside of your cbenefit coverage can be guaranteed, provided that premiums are paid exactly as illustrated.1 The Lapse Protection Benefit allows you to ensure that your policy will be in - force for as long as you'd like, without regard to factors such as policy charges and changes in interest rates that are outside of your cBenefit allows you to ensure that your policy will be in - force for as long as you'd like, without regard to factors such as policy charges and changes in interest rates that are outside of your control.