Sentences with phrase «life insurance policy rider pays»

This life insurance policy rider pays a death benefit in the event the insured is diagnosed with a terminal illness and has a life expectancy of 12 months or less.

A waiver of premium life insurance policy rider pays your life insurance premiums if you become disabled.

Not exact matches

This non-linked and regular pay insurance rider provides 100 % Sum Assured in case of death of the Life Insured due to an accident, subject to the rider policy being in - force.

With the 3 different whole life insurance policies to choose from, including additional enhancements and riders, AUL is sure to have a policy for everyone, including 10 Pay Whole Life, Whole Life to age 121 and Whole Life to age life insurance policies to choose from, including additional enhancements and riders, AUL is sure to have a policy for everyone, including 10 Pay Whole Life, Whole Life to age 121 and Whole Life to age Life, Whole Life to age 121 and Whole Life to age Life to age 121 and Whole Life to age Life to age 100.

While a life insurance policy is specifically designed to pay upon death, the long - term care rider will pay should you become critically ill or injured.

The return of premium rider, available for return of premium life insurance policies, and also on certain long - term care policies, disability insurance, etc., will return all of your premiums paid over the life of your policy should the term come to an end or should you wish to surrender the policy.

This rider is also known as paid - up additional insurance and is available on participating whole life insurance policies.

Flex Pay PUA Rider — Paid - up additions riders allow you to pay additional premium into your policy to purchase additional participating whole life insurance, which increases your death benefit and cash valPay PUA Rider — Paid - up additions riders allow you to pay additional premium into your policy to purchase additional participating whole life insurance, which increases your death benefit and cash valpay additional premium into your policy to purchase additional participating whole life insurance, which increases your death benefit and cash value.

The Legalese A life insurance policy with a critical illness rider will pay out a lump - sum benefit to the insured if they are diagnosed with a covered critical condition (such as cancer, stroke, or a coma).

Value Enhancement Rider: The VER is a whole life insurance rider that allows you to add additional single or periodic premium payments to your policy to purchase paid up additions, increasing your death benefit and cash value.

Luckily, she paid for a critical illness rider on her life insurance policy, which gave her enough money to cover her hospital bills and buy a new bike.

In the event that you require long - term medical care in old age that your health insurance policy won't pay for, such as nursing home costs or at - home care, a long term care rider on your whole life insurance policy will cover the costs.

Luckily, the long - term care rider on her life insurance policy provides the money to pay for her care, allowing her family to focus on providing for Nikki's emotional needs, not her economic ones.

An added rider to some life insurance policies that pays upon the named insured's death, but only if that death is caused by an accident.

However, many permanent policies have a sizeable amount of cash value accumulation, particularly policies that employ the use of a paid up additions rider for reinvesting life insurance policy dividends.

MoneyGuard is a limited pay universal life insurance policy with long - term care reimbursement rider.

Note: Go over your policy with your agent and make sure your policy includes all the bells and whistles you originally applied for, including any paid up addition riders or life insurance supplement riders.

You are allowed to continually add to your policy in addition to your normal premium through vehicles known as life insurance supplement riders, additional life insurance riders, or paid up additions.

Additional paid in full whole life insurance using policy dividends is separate from the paid - up additions rider.

Paid Up Additions Rider DEFINITION: A rider that allows the owner of the policy to make additional contributions to the life insurance policy, resulting in the addition of paid up life insuraPaid Up Additions Rider DEFINITION: A rider that allows the owner of the policy to make additional contributions to the life insurance policy, resulting in the addition of paid up life insurapaid up life insurance.

A rider that allows the owner of the policy to make additional contributions to the life insurance policy, resulting in the addition of paid up life insurance.

The paid up addition rider allows the policyholder to add coverage to an existing policy without having to prove insurability, which means there are no health questions or life insurance medical blood testing required.

An accelerated death benefit rider lets you use money normally allocated for a death benefit (the amount a life insurance policy pays out) before you die.

You can pay extra to add «riders» to your policy to cover items on the exclusion list, and if you live in an earthquake - prone region like B.C., there's a case to be made for buying earthquake insurance separately.

A disability waiver of premium rider allows you to keep your life insurance policy without worrying about how you're going to pay for it while you're out of work.

Riders are modifications to your overall life insurance policy that turn a basic life insurance policy — you pay premiums and a death benefit is paid out if you die — into something that covers more exotic circumstances.

For those that plan properly, they can purchase a very small amount of whole life, and use paid - additions to grow the cash value very quickly (as early as the first year), AND they can use term insurance (preferably as a policy rider) to supplement their overall family protection along the way.

This rider offers an accidental death benefit that is equal to the policy's face amount — and pays out in addition to the whole life insurance benefit if the insured dies as the result of a covered accident.

As opposed to being an individual life insurance policy, paid up life insurance can actually be an additional rider to a whole life insurance policy that gets offered by numerous companies.

Depending on the long term care rider plan you choose, LTC riders attached to a life insurance policy can pay for care in a nursing home, an assisted - living facility, or care at home.

Accelerated death benefit rider: If you are diagnosed terminally ill then your life insurance policy will pay out up to $ 250,000 depending on the specific carrier.

Life insurance with return of premium riders will refund 100 % of the premiums you paid into the policy if you live to the end of the term.

If John decides to purchase return of premium life insurance, however, he'll be paying additional money for a rider on his policy.

Waiver of Premium is an additional provision (sometimes also called a rider) in most Life Insurance policies which allows to stop paying premiums after the insured person has been disabled for a given period of time (usually six months) due to an illness or an injury.

Also, if pass away, your beneficiaries are still paid the policy's face value — just like a standard term life insurance policy — but with the ROP rider your have paid higher premiums for the same death benefit.

The benefit of the rider is typically paid as a percentage of the face value of the life insurance policy.

The long - term care rider pays benefits should you need assistance, but the maximum benefit is typically only a percentage of the life insurance policy's face amount.

A disability waiver of premium rider allows you to keep your life insurance policy without worrying about how you're going to pay for it while you're out of work.

In the event that you require long - term medical care in old age that your health insurance policy won't pay for, such as nursing home costs or at - home care, a long term care rider on your whole life insurance policy will cover the costs.

Luckily, she paid for a critical illness rider on her life insurance policy, which gave her enough money to cover her hospital bills and buy a new bike.

An accelerated death benefit rider lets you use money normally allocated for a death benefit (the amount a life insurance policy pays out) before you die.

Riders are modifications to your overall life insurance policy that turn a basic life insurance policy — you pay premiums and a death benefit is paid out if you die — into something that covers more exotic circumstances.

A waiver of premium rider ensures that you would not need to pay the premiums on your life insurance policy should you become totally disabled and can't work.

In most cases, a life insurance policy that has a charitable giving rider will pay the death benefit amount to the policy's beneficiary (or beneficiaries), and then it will pay an additional percentage — usually 1 — 2 percent of the policy's face amount — to the charitable organization.

With the return of premium rider, you pay higher premiums for the opportunity to get all of your money back if you live past the term on your life insurance policy.

Does it make sense to pay an additional cost for a waiver of premium rider on a life insurance policy?

With this rider, you can specify a monthly benefit amount to be paid toward your policy premium, allowing you to maintain life insurance coverage.

The pay out for hybrid life insurance long term care rider comes out of the policy's death benefit.

Although they may require you to pay higher premiums, life insurance riders provide additional policy benefits.

If you purchase a long - term care hybrid policy and never actually need long - term care, most life insurance companies have set it up so that the money you've paid in for the rider will ultimately be rerouted to your regular life insurance coverage, and your beneficiaries will receive the full death benefit amount.