Sentences with phrase «living and death benefit»

Insurance protection: Most variable contracts today offer an array of living and death benefit riders that promise a guaranteed stream of income or else a minimum account value.

Living and death benefit riders also subtract periodic fees from the contract balance.

Impact of Riders Example 1 Alan purchases a $ 200,000 contract and opts for both the enhanced living and death benefit riders.

This has led to the creation of a number of special insurance riders that provide several different types of living and death benefit protection to contract holders.

Living and death benefit riders are a descriptive class of contractual add - ons to insurance and annuity products.

The moral of the story is this: get an understanding of what you want to use life insurance for — both the living and the death benefit — and make sure you are informed about the ramifications of tinkering with that strategy.

When performing variable annuity comparison at this phase, the rider for living and death benefit no doubt has a profound impact in how much account money they have to retire on.

All contract guarantees, including optional living and death benefit riders and annuity payout rates, are backed by the claims - paying ability and financial strength of issuing insurance company.

Please refer to the contract prospectus for more complete details regarding the living and death benefits.

Though available to all contract owners, the Global Atlantic Portfolios are also ten of eleven managed risk investment options qualifying as choices for optional living and death benefits, when applicable.

The optional living and death benefits offered by Perspective Advisory II can help you pursue your unique income and legacy goals.

Withdrawals will reduce the living and death benefits and account value.

The Transamerica Variable Annuity Series X-Share offers a 9 - year surrender charge schedule with a premium enhancement and gives you the ability to customize your annuity with optional living and death benefits.

Variable annuity contracts offer tax - deferred growth potential and optional features such as living and death benefits.

The Transamerica Variable Annuity O - Share offers a premium - based pricing structure and gives you the ability to customize your annuity with optional living and death benefits.

Once again, since it is whole life, the policy will remain in place for life and your death benefit will be paid to the beneficiary upon your death.

In addition, you also get the cash value component to use in life and death benefit payout to your beneficiary when you die.

Available as a rider, it allows the policy to increase the amount of life and death benefits.

In life insurance, living and death benefits are listed.

A separate life cover provides cover on a single life and the death benefit is payable once on the death of the life insured.

Not exact matches

One advantage C corporations have over unincorporated businesses and S corporations is that they may deduct fringe benefits (such as group term life insurance, health and disability insurance, death benefits payments to $ 5,000, and employee medical expenses not paid by insurance) from their taxes as a business expense.

For instance, if your spouse died, you'll want to locate a will, if there is one, and obtain a death certificate so that you can begin the process of claiming any life - insurance death benefits and other possible benefits.

These insurance policies are less pricey than traditional life insurance, since they pay benefits only after the death of both husband and wife.

For universal life policies, annual premiums and the death benefit payout can vary.

Finally, with universal life coverage your death benefits can be calculated in two ways, and you get to choose which you prefer.

Like all Googlers, our named executive officers are eligible to participate in various employee benefit plans, such as medical, dental, and vision care plans, flexible spending accounts for health and dependent care, life, accidental death and dismemberment, disability, and travel insurance, survivor income benefit, employee assistance programs (e.g., confidential counseling), and paid time off.

If you feel more secure with a set monthly payment and death benefit that doesn't change, stick to traditional whole life.

Basic whole life policies provide a fixed death benefit and a cash value that builds over time.

Like all employees, our named executive officers are eligible to participate in various employee benefit plans, including medical, dental, and vision care plans, flexible spending accounts for health and dependent care, life, accidental death and dismemberment, disability, and travel insurance, survivor income benefit, employee assistance programs (e.g., confidential counseling), and paid time off.

With variable life coverage you have to choose your own investment strategy in order to maximize your death benefit; it's like a universal policy but you (and not the insurer) are managing the investment portfolio.

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

The death benefit and payment plan of any standard whole life insurance policy are set as part of the policy and do not change.

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

Due to the lifetime coverage and cash value, whole life insurance costs considerably more, meaning it can easily come to 10 times the cost of a term policy with the same death benefit.

AIG is our favorite insurer for guaranteed acceptance life insurance because their prices are competitive and they let you accelerate death benefits if you become ill.

Buying paid - up additions is similar to buying a small single - premium life insurance policy as you increase the policy's cash value and death benefit but don't have ongoing payments.

The consumer will incur a surrender charge, be subject to the commencement of a new surrender period, lose existing benefits (such as a higher crediting guarantee than is currently available, as well as death, living or other contractual benefits), or be subject to increased fees, investment advisory fees or charges for riders and similar product enhancements;

XL - CV Max (policy form series L147) and Accelerated Death Benefit Endorsement for Critical, Chronic and Terminal Illness (form series TR207) are issued by Midland National Life Insurance Company, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193.

Term life insurance policies are quite cheap and can come with a variety of riders offering such assistance as disability income, waiver of premiums, and an accelerated death benefit in the case you become permanently disabled.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

Participating whole life insurance is eligible to earn dividends, 1 which can increase the death benefit and the cash value.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

No medical exam life insurance policies are available for both term and whole life insurance, but the death benefits for whole life coverage are typically limited to less than $ 50,000 (while term coverage is usually limited to $ 500,000).

No medical exam whole life insurance is typically used as a form of final expense insurance, as coverage is lifelong and death benefits are generally limited to a maximum of $ 25,000 or $ 50,000.

We maintain broad - based benefits that are provided to all employees, including our 401 (k), flexible spending accounts, medical, dental and vision care plans, life and accidental death and dismemberment insurance policies and long - term and short - term disability plans.

The decision to purchase life insurance should be based on long - term financial goals and the need for a death benefit.

Many people use a cash value life insurance policy to save for their retirement and to provide a death benefit to their beneficiaries.

And life insurance policies with limited underwriting, such as simplified issue or guaranteed acceptance policies, regularly restrict death benefits to be less than $ 100,000 to $ 250,000.

However, these days only a handful of insurers offer LTC insurance, so another option may be life insurance with an LTC rider, which allows families to tap into the benefits they would receive upon the policyholder's death while he or she is alive and requires care.

The consumer will incur a surrender charge, be subject to the commencement of a new surrender period, lose existing benefits (such as death, living or other contractual benefits), or be subject to increased fees, investment advisory fees or charges for riders and similar product enhancements;