Sentences with phrase «known as a death benefit»

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

In exchange for premium payments, a life insurance policy provides a tax - advantaged lump - sum payment, known as a death benefit, to the beneficiaries when the insured passes away.

This cash, known as the death benefit, replaces your income and can help your family meet many important financial needs like funeral costs, daily living expenses and college funding.

With the cash refund payout option (also known as the death benefit), you are guaranteed that any principal (premium paid into the contract) not yet returned through income payments will be returned to your beneficiary upon your passing.

Sure, the shopping process can get a little complicated, especially if your health situation is a little complicated, but at the end of the day, term life insurance is made up of three basic components: your coverage (also known as your death benefit), your term (how long the policy lasts), and your premium (how much you're paying for it).

If you die during that term, your beneficiaries get a payout, known as the death benefit.

You could outlive your policy when you still need the coverage.The good part is if you need a high face amount otherwise known as your death benefit.

If you need a high face amount otherwise known as your death benefit, Term life insurance will cost you the least amount of money so you can have a high face amount at a very affordable premium.

The good part is if you need a high face amount otherwise known as your death benefit.

In exchange for paying premiums on a policy, the insurance company provides a lump - sum payment (far in excess of what you paid in), known as a death benefit, to beneficiaries upon the insured's death.

If you need a high face amount otherwise known as a death benefit.

Level benefit means once the policy has been issued, the insured's beneficiaries are eligible for the full face value immediately after death of the insured occurs with no reduction in the face amount otherwise known as the death benefit.

The good part is if you need a high face amount otherwise known as your death benefit, Maine Term life insurance will cost you the least amount of money so you can have a high face amount at a very affordable premium which will not put your finances in jeopardy.

Death in year three or later will result in the policy paying out the full face value also known as the death benefit of the policy.

If you need a high «face amount» otherwise known as a death benefit, Term life insurance will cost you the least amount of money so you can have a high face amount at an affordable premium.

Needless to say, the lower the face amount otherwise known as the death benefit the lower the premium.

The good part is if you need a high face amount otherwise known as your death benefit, Minnesota Term life insurance will cost you the least amount of money so you can have a high face amount at a very affordable premium.

This is known as the death benefit and is the most important component of a term plan.

If you were to die unexpectedly during that specific term, your beneficiaries would receive a set payout (known as the death benefit) as specified on your policy.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Usually, it's a lump sum payment (sometimes known as a death benefit) to beneficiaries.

Affordable Term life insurance is an excellent product for many people because they can obtain a high face amount otherwise known as a death benefit for minimal money.

If you need a high face amount otherwise known as a death benefit, Term life insurance will be able to purchased at the most reasonable premium so you can have the large face amount you need at an affordable premium that will not break your budget.

This is a form of term life insurance with a face amount otherwise known as a death benefit.

In exchange for premium payments, the insurance company presents a lump - sum payment, known as a death benefit to beneficiaries upon the event of the insured's death.

Simply put, life insurance provides a lump sum payment (sometimes known as a death benefit) to beneficiaries in the event of the insured's death.

This will depend on your budget, face amount otherwise known as you death benefit.

The good part is if you need a high face amount otherwise known as your death benefit, Nebraska Term life insurance will cost you the least amount of money so you can have a high face amount at a very affordable premium.

Most people purchase Term because it has the lowest premiums and gives you the advantage of having the higher face amount otherwise known as the death benefit that you may need.

The good part is if you need a high face amount otherwise known as your death benefit, low cost Term life insurance will cost you the least amount of money so you can have a high face amount at a very affordable premium.

If you contact your life insurance company and explain the situation they can help you lower your premiums by reducing your face amount otherwise known as your death benefit.

Although some policies may generate nominal amounts of cash value, their primary benefit is the guaranteed nature of the premium and face amount, also known as the death benefit.

Term insurance policies are popularly known as death benefit policies which are specifically designed to provide financial support to the family members of the insured in case of an unfortunate event.

With a permanent policy, the amount for which you are insured, also known as the death benefit, will be paid to your chosen beneficiaries at the time of your death - guaranteed.

The sum that one gets on the demise of the insured (known as death benefit) helps in meeting important financial needs like funeral costs, daily living expenses and providing education funds for the children.

This is known as the Death Benefit.

Face amount is the value of the policy to your beneficiaries or the amount that it will be worth upon your death (i.e. face amount is also known as the death benefit).

In addition to these carrier specific limitations, the vast majority of life insurance companies will not allow you to decrease your policy's face amount, which is also known as the death benefit, to less than $ 100,000.

If an unfortunate event of death occurs to the policyholder during the policy term the nominee receives a sum assured also known as death benefit.

The purpose of North Dakota Life insurance is to pay a pre-determined sum of money, known as a death benefit, to your survivors in the event of your death, to cover expenses and make up for the lack of your income.

In exchange for premium payments, the insurance company provides a lump - sum payment, known as a death benefit, to beneficiaries upon the insured's death.

It would be possible to write an insurance policy that way if you wanted to, however, normally a life insurance policy pays a fixed amount of money (known as the death benefit) to a chosen beneficiary.

If you die during that time frame, your insurance company will pay out a lump sum, also known as the death benefit, to your beneficiaries.

In regular Term Plans, in case of the death of the insured person, his beneficiaries receive the lump sum amount known as death benefit.

Also known as a death benefit cover, term plans are meant for a specific period of time and can be purchased for a period of 5 years to 65 years.

Not exact matches

This is known as a partial surrender, which reduces the cash surrender value of the policy and the death benefit amounts.

Income annuities also come with what's known as a lifetime - only contract, or a death benefit for a limited period.

This rider — also known as a Terminal Illness Death Benefit Rider — is included in your policy at no charge.

Accelerated death benefits are also known as «living benefits» since you are able to use portions of your policy's death benefit while you are still alive.