Sentences with phrase «make death benefits payable»

«Second to die» policies like these make death benefits payable after the death of the surviving spouse.

The provision amends an individual life insurance policy to make the death benefit payable to the surviving spouse after the death of either one.

Even though his death was due to suicide, because the policy had been in force more than two years, the suicide clause would have made a death benefit payable.

Not exact matches

If the proposed insured or family can make / afford a single premium payment (single lifetime payment for the policy) they can have an immediate death benefit payable in month 7 of the policy!

(2) Notwithstanding anything in this Act, but subject to subsections (2.1) and (2.2), an application for a benefit, other than a death benefit, that would have been payable in respect of a month to a deceased person who, prior to the person's death, would have been entitled on approval of an application to payment of that benefit under this Act may be approved in respect of that month only if it is made within 12 months after the death of that person by the estate, the representative or heir of that person or by any person that may be prescribed by regulation.

Furthermore, in order to address the possibility that an employee with a shortened life expectancy could accelerate the annuity starting date in order to avoid this rule, this table is available only if, under the contract, no benefits are payable in any case in which the employee selects an annuity starting date that is earlier than the specified annuity starting date under the contract and the employee dies less than 90 days after making that election, even if the employee's death occurs after his or her selected annuity starting date.

On death of the policyholder, under Benefit Option 1, higher of the Sum Assured including the top - up SA net of any partial withdrawals made in the last 2 years or Fund Value including the Top - up Fund Value or 105 % of premiums paid is payable to the nominee

An acceleration life insurance policy makes a portion of the death benefit (usually 25 %) payable to the insured for a specified medical condition prior to death.

The only thing that must be understood is that any use of the cash value, whether as a loan to you, or an «Automatic Premium Loan» to the insurer (if you forgot to or stopped making premium payments), disrupts the death benefit payable to the beneficiary.

With both life insurance and key man life, there is a policy owner who makes premium payments to a life insurance company for the guarantee a specified amount of money, referred to as the death benefit, will be payable to the beneficiary.

Option B - Income Protection Under this option, the Death Benefit shall be payable as Monthly Income (payouts made each month) to your nominee during the payout period as chosen by you at inception of policy.

Premium Payable: As per the choices made above, his annual premium works out to 6,950 # (excluding taxes) Benefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wPayable: As per the choices made above, his annual premium works out to 6,950 # (excluding taxes) Benefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wBenefit Payable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wPayable: And If Krish's death occurs in the 2 policy year after paying his premium for initial 2 years, the benefit payable to Krish's nominee (s) wbenefit payable to Krish's nominee (s) wpayable to Krish's nominee (s) will be:

While making the claims for the death benefits of the plan, the nominees to whom the benefits shall be payable based on sending a documented notice to the company about the death of the insured within 90 days of the claims arising.

If the insured dies within the grace period, then, death benefits under the plan shall be payable which is the complete sum assured after making applicable deductions of the premiums due.

On the first diagnosis of any of the 40 specified critical illnesses, the payout for Critical Illness benefit will be made, and the balance life cover will be carried forward (with reduced future Premiums payable) and payable on death.

Scenario B - Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums death during the policy term, the Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums death), Policy Fund Value or 105 % of all premiums paid.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums death), Policy Fund Value or 105 % of all premiums paid.

As in the case of the limitations on benefits payable after death, these limitations would allow an annuity contract to maximize the annuity payments that are made while a participant or beneficiary is alive.