Sentences with phrase «large death benefit payment»

Not exact matches

You can change your premium payments by paying larger premiums or smaller and adjust your death benefit up or down.

A greater life expectancy adds additional premium payments, and also reduces the NPV of the death benefit (because it's discounted over a larger number of years waiting for the payout to occur).

Is the death benefit meant to cover a large payment like a mortgage?

Because the life insurance policies are not counted as part of a person's estate, allocating a portion of your wealth to a whole life insurance plan can be an effective way to reduce your estate's size by reducing available cash on hand while increasing your heirs» inheritance through legally avoided estate taxes, probate fees, and the payment of a large death benefit.

When he dies, the full death benefit is paid immediately, and confidentially to his charity — a much larger gift than he would have made if donating the cash equivalent of his premium payments.

Alternatively, a death benefit may be a large lump - sum payment from a life insurance policy.

Benefits, such as completion of payment premiums, help in maintaining your future goals even in your absence by self - funding of premiums in case of an untimely death of the policyholder; while the additional benefits, such as loyalty bonus, fetch you a larger amount on your retBenefits, such as completion of payment premiums, help in maintaining your future goals even in your absence by self - funding of premiums in case of an untimely death of the policyholder; while the additional benefits, such as loyalty bonus, fetch you a larger amount on your retbenefits, such as loyalty bonus, fetch you a larger amount on your retirement.