Sentences with phrase «lump sum death benefit»

A whole life policy pays a guaranteed lump sum death benefit to your beneficiary.

Upon the death of the insured, the insurer pays an income tax free lump sum death benefit to the beneficiary.

Will pay an additional lump sum death benefit, the equivalent of 100 % of the face value of the policy, if death occurs by a covered accident.

Once these two years have passed, the full lump sum death benefit amount will go to your chosen beneficiary regardless of the cause of death.

This change will ensure consistent treatment of lump sum death benefits across all super funds.

There are multiple situations where a recurring income makes more sense than a giant lump sum death benefit.

Rather than the life insurance company pay the normal lump sum death benefit, with the IPO you choose how much and for how long your beneficiary receives monthly or annual payments.

How about learning what an annuity over lump sum death benefit would reduce your cost of life insurance?

While a recurring payout could be a good option for any client, there are four specific situations where it's more beneficial than a single lump sum death benefit.

Your rider also provides a guaranteed lump sum death benefit to your beneficiary.

The nominee has the option at the time of death to opt for lump sum Death Benefits as a discounted value of outstanding instalments.

For Example - If Rs 1 crore term plan is selected then upon an eventuality (death of the life insured) whole lump sum death benefit of Rs. 1 crore will be paid to the nominee.

You will receive a lifetime income stream, cover your RMDs, and your beneficiaries will get a tax - free lump sum death benefit from your life insurance policy upon your passing.

Pays an additional lump sum death benefit upon insured's death if such death occurs by covered accident.

The various benefits of this plan include: — ● Participating whole life endowment plan ● Participation in profits by way of bonuses ● Lump sum death benefit ● Option to pay regular premium payments ● Continuity of plan even after maturity

Option 1 - Lump Sum Death Benefit: Upon choosing lump sum death benefit option by the nominee, she will receive a one time payment of Rs 12.75 lacs (12.75 times of annualized premium)

Level term life insurance offers a fixed premium and fixed lump sum death benefit.

If there is no spouse, a dependent child generally age 18 or under is then eligible for a one - time lump sum death benefit.

Option 2 — Anant dies in the 25th year of the policy A lump sum death benefit would be paid to Anant's nominee.

The nominee has the option at the time of claim settlement to take lump sum Death Benefits as the discounted value of outstanding instalments.

On Death of the Life Insured during the Policy Term, lump sum Death Benefit equal to Guaranteed Sum Assured on Death (GSAD) will be payable to the nominee.

In an article posted today they assert that life insurance companies profit by sending checkbooks to beneficiaries of policies as opposed to lump sum death benefit checks.

In the event of death of the life insured during the policy term, lump sum death benefit as Guaranteed Death Sum Assured (GDSA) is payable to the nominee.

These policies are combination long - term care life insurance contracts that provide you with many benefits, such as a guaranteed lump sum death benefit, guaranteed long - term care benefit, cash value growth and potential return of premium.

If you die during these years, the term policy is there to provide a lump sum death benefit to your survivors.

Not only will the policy pay a lump sum death benefit to your beneficiary, but the death benefit can also be accessed early due to terminal illness.

If the insured dies within this term (10, 15, 20, 25, 30, or 35 years), the life insurance company pays a lump sum death benefit to the policy's beneficiaries.

However, your life insurance remains in force and will pay a lump sum death benefit to your beneficiary when you die.

Both IUL and VUL policies provide permanent coverage, pay a lump sum death benefit to your beneficiary and provide cash value growth and access to your cash value via withdrawals or loans.

The cash received from a lump sum death benefit payout to your beneficiary is not taxable to your beneficiary as income.

Commuted Settlement Should immediate liquidity of remaining cash value be desired by the owner or a lump sum death benefit be desired by the beneficiary (ies), Bankers Life Insurance Company is willing to process a commuted settlement

The tax saving amount increases the deceased member's lump sum death benefit to negate the effect of tax while the member's benefit was accumulating in the fund.

There are several benefits to a hybrid LIFE & LTC combo policy, including cash value growth, lump sum death benefit, return of premium and long - term care cash indemnity.

Term life insurance is defined as a contract between the owner of the policy and the insurer, for a policy on the life of the insured, whereupon the insured's death, the insurer pays a lump sum death benefit to the beneficiary.

The insurance company pays out a lump sum death benefit to the beneficiary of the policy upon the death of the insured.

There is a lump sum death benefit if you die; there is a long term care benefit if you need help with LTC services; and there is a return of premium option if you decide to surrender the policy.

If you die, the policy pays out a lump sum death benefit to your beneficiary.

Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum death benefit.

Even if you do have a large estate, a lump sum death benefit is often needed to provide necessary liquidity for business continuity and family business succession planning.

AXA's long - term care life insurance provides the benefits of life insurance, including cash value accumulation and a lump sum death benefit, combined with long - term care insurance to provide for the costs associated with LTC services.

If you die during these years, the term policy is there to provide a lump sum death benefit to your survivors.

The investor becomes the new life insurance policy owner and is responsible for maintaining the policy and will receive the lump sum death benefit upon the death of the insured (typically the previous policy owner, although it is possible for the owner and insured to be two different people).

Similar to whole life insurance, term life coverage provides a lump sum death benefit in the event that the policyholder passes away while the policy is still active.

On 4 March 2015, a lump sum death benefit of $ 280,000 is paid to Marie's beneficiary.

If you pay a lump sum death benefit to a non-dependant, you will need to calculate the tax - free and taxable components for each benefit paid.

If you pay a lump sum death benefit to a dependant, the whole amount is tax - free.

An anti-detriment payment is an additional lump sum amount that may be paid to an eligible dependant when a lump sum death benefit is paid.