Sentences with phrase «life income option»

But unlike life income option, it enables you to continue having the proceeds distributed even if the primary beneficiary dies before the proceeds are exhausted.

As with the regular life income option, the portion of the income payment that is considered principal is not taxable.

You may select one of the many life income options, or you may choose an income for a fixed amount or income for a fixed period.

A stream of income even when you are not there extra life income option in addition to the steady income provided by the income option an additional lump sum and income benefit upon death due to the accident is provided in this plan.

However HDFC Click 2 Protect 3D Plus comes with 9 different options on features like extra life income option, income option, income replacement option etc., which makes it as more flexible feature plan compared to SBI Life Poorna Suraksha Insurance Plan.

In addition, an optional enhanced death benefit is also available if the annuity owner selects the life income option with a protected period at the time of policy issue.

This option is similar to the life income option, except that it distributes income only for a certain period of time.

These are iLife Option, 3D Life Option, Extra Life Option, Income Option, Extra Life Income Option, Income Replacement Option, Return of Premium Option, Life Long Protection Option, 3D Life Long Protection Option.

There is also a life income option.

Life Income Option This is one of the most popular options for life insurance settlements.

If you opt for the life income option, the way that you receive the proceeds will be similar to the income stream that is received from an annuity.

For Income and Extra Life Income options, the minimum income term shall be 1 month and the maximum income term will be 20 years.

Extra Life Income Option: An extension to the income option, benefits include lump - sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inception.

This benefit is available under the Extra Life option and the Extra Life Income option.

In addition, an optional enhanced death benefit is also available if the annuity owner selects the life income option with a protected period at the time of policy issue.

The life income option is comparable to an annuity.

Extra Life Income Option: Under HDFC 3D Plus cover option, policy holders are given all the benefits of the income option, plus an additional lump sum benefit & Income benefit.

Extra Life Income Option: This plan is same as Income Option plan, however, this plan comes with an in - built accidental death benefit rider.

This benefit is available under only Extra Life & Extra Life income options

5) Extra Life Income Option: In addition to the benefits under Income Option, an additional Lump sum & Income benefit is paid upon death due to accident.

5) Extra Life Income Option — In addition to the benefits under Income Option, an additional lump sum and regular income benefit is paid in case of accident due to death.