Sentences with phrase «minimum amount of death benefit»

Here, the minimum amount of Death Benefit is equal to 105 % of total premiums paid (including Top - Up premiums) up to the date of death.

The minimum amount of death benefit on this policy is $ 100,000, and proceeds may be applied for up to $ 65 million.

Generally, the Internal Revenue Code Section 7702 implicates to place limits on the orientation of the investment in life insurance contracts in two either ways, by imposing minimum amount of death benefits and by restricting the allowed premium payment as written and mandated in the contract or both.

Not exact matches

Like traditional life insurance, the death benefit of a second - to - die policy can ensure your beneficiaries receive a minimum amount of money, even if savings and other retirement income is spent during the lives of you and your spouse.

Many policies will set a minimum amount on the death benefits, but the investment portion of your premiums will not typically guarantee a minimum return.

Here, if the annuitant were to die within the protected period, the enhanced death benefit will be the greater of the minimum benefit amount, less monthly income received, and the early death benefit.

Traditional life insurance focuses on the maximum amount of death benefit for a minimum amount of premium whereas a wealth building approach tries to minimize the death benefit and maximize the amount of cash that is put to work in the policy.

The minimum amount payable under death benefits or maturity guarantees provided for under the terms of the segregate fund contract.

For a chronic illness claim, the minimum accelerated death benefit amount per election, except the final election, is 5 % of the death benefit on the initial election date or $ 50,000, whichever is less.

The band in which an applicant falls can determine the minimum and the maximum amount of death benefit coverage offered.

• Accidental Death Benefit Rider — If you should die as a result of a covered accident, additional death benefits are payable equivalent to the face value of the policy (minimum amount must be $ 25,000) and will be payable to a maximum of $ 250Death Benefit Rider — If you should die as a result of a covered accident, additional death benefits are payable equivalent to the face value of the policy (minimum amount must be $ 25,000) and will be payable to a maximum of $ 250death benefits are payable equivalent to the face value of the policy (minimum amount must be $ 25,000) and will be payable to a maximum of $ 250,000.

The minimum terminal illness accelerated death benefit amount is 10 % of the death benefit or $ 100,000, whichever is less on the election date.

They may be insuring your future retirement income by providing a guaranteed withdrawal benefit rider, or insuring a specific amount of death benefit to go to your heirs, or insuring a minimum return.

The death benefit amount will decrease each year until it reaches the minimum of $ 10,000.

The death benefit amount for the Member Advantage Life UL will decrease each year after the initial 20 year coverage period until it reaches the minimum of $ 10,000.

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requiBenefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requibenefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

With term life insurance protection, the insured is covered with a death benefit of up to $ 150,000 with a minimum face amount of $ 10,000.

It generally has a minimum garunteed death benefit, with variable additional amounts depending on the state of the market.

The target premium is the minimum amount of premium required to keep the death benefit in force.

This plan can provide up to $ 150,000 in death benefit coverage — with a minimum face amount of $ 10,000.

Many policies will set a minimum amount on the death benefits, but the investment portion of your premiums will not typically guarantee a minimum return.

When you take your RMDs, the 5 % death benefit growth will offset the dollar amount of the Required Minimum Distribution (RMD).

Whole life insurance is structured so that the contract is guaranteed to provide a certain minimum amount of cash value as well as a death benefit.

The guideline premium test requires a policy to have at least a minimum amount of at - risk death benefit (insurance that exceeds the cash value).

This can affect the company's ability to pay any benefits that are greater than the value of your account in mutual fund investment options, such as a death benefit, guaranteed minimum income benefit, long - term care benefit, or amounts you have allocated to a fixed account investment option.

With variable life insurance, the death benefit may increase or decrease — however, it will not go below the guaranteed minimum amount — which is typically the original amount of death benefit that is purchased.

This term insurance starts from a minimum sum assured of Rs. 2.5 lakhs and policyholders can opt to receive the death benefit amounts in installments over a period of 5 to 10 years.

In case of Death, the minimum death benefit is offered at 105 percent of total amount of all paid premium until the time of dDeath, the minimum death benefit is offered at 105 percent of total amount of all paid premium until the time of ddeath benefit is offered at 105 percent of total amount of all paid premium until the time of deathdeath.

However, the amount of the death benefit can not fall below a certain guaranteed minimum amount of coverage.

Annuities typically offer tax - deferred growth of earnings and may include a death benefit that will pay your beneficiary a specified minimum amount, such as your total purchase payments.

Here, if the annuitant were to die within the protected period, the enhanced death benefit will be the greater of the minimum benefit amount, less monthly income received, and the early death benefit.

The death benefit paid on death will bean amount which is higher of the chosen Sum Assured deducting any partial withdrawals made in the 2 years prior to death or the available Fund Value is paid with a minimum of 105 % of total premiums paid until the date of death

Death Benefits: If the insured dies before the maturity, then the nominee gets the sum assured on death subject to a minimum of 105 % of the total premium amounts paid till death + accrued Fixed Regular AddiDeath Benefits: If the insured dies before the maturity, then the nominee gets the sum assured on death subject to a minimum of 105 % of the total premium amounts paid till death + accrued Fixed Regular Addideath subject to a minimum of 105 % of the total premium amounts paid till death + accrued Fixed Regular Addideath + accrued Fixed Regular Additions

In addition, variable annuities typically offer a permanent minimum death benefit for beneficiaries which may be limited to the amount of the initial investment in the annuity contract, and this perhaps offsets some of the sub-account risk.

- The minimum amount for accidental death benefit is of 100000 and maximum is 1 crore.

The basic features of this policy are: ● Fixed minimum basic sum assured ● Death benefit is higher of 10 times the annualized premium or absolute amount assured ● On maturity, sum assured and bonus is payable ● The death benefit amount is tax -Death benefit is higher of 10 times the annualized premium or absolute amount assured ● On maturity, sum assured and bonus is payable ● The death benefit amount is tax -death benefit amount is tax - free

Traditional life insurance focuses on the maximum amount of death benefit for a minimum amount of premium whereas a wealth building approach tries to minimize the death benefit and maximize the amount of cash that is put to work in the policy.

the minimum death benefit in case of traditional plan is at least the amount of the sum assured and the additional benefits, if any.»

In case of death of the Life Insured within the Policy Tenure, the nominee gets the higher of the Fund Value or the Sum Assured as Death Benefit, subject to a minimum amount of 105 % of the total Premium paid and the policy termideath of the Life Insured within the Policy Tenure, the nominee gets the higher of the Fund Value or the Sum Assured as Death Benefit, subject to a minimum amount of 105 % of the total Premium paid and the policy termiDeath Benefit, subject to a minimum amount of 105 % of the total Premium paid and the policy terminates

The Death Benefit payable is: Lump Sum Benefit: The higher of Sum Assured (including Top - up Sum Assured) or Minimum Death Benefit is payable as a lump sum amount.

For life insured with the entry age of 5 years and above, the death sum assured, irrespective of survival benefit already paid, is either equal to or higher than of 10 times of annualized premium, or 105 % of premiums paid till date of death, or minimum guaranteed sum assured on maturity or absolute amount assured to be paid on death.

The minimum death benefit is established when you purchase the policy, but if the policy's account value grows beyond a certain amount, then the death benefit of your life insurance can increase as well.

The minimum death benefit will be at least 105 % of the total premiums paid including top - ups premiums.The nominee has an option to take this amount as annuity from the company or to withdraw the proceeds.

For non-single products with a term of 10 years or more, the minimum death benefit would either be ten times the annualised premium or 105 per cent of all premiums paid on the date of death or the least guaranteed sum assured on maturity or any absolute amount assured to be paid on death (for non-par products for those below 45 years), whichever is the highest.

Death Sum Assured is highest of 10 times of Annual Premium OR 105 % of all the premium (excluding taxes and extra premiums, if any) paid as on date of death, OR Minimum Guaranteed Maturity Benefit, OR absolute amount assured to be paid on death (11 times the Annual Premium rounded up to the next «1000), where, Annual Premium refers to premium payable in a year excluding any extra premium, service tax and loading for modal factors, ifDeath Sum Assured is highest of 10 times of Annual Premium OR 105 % of all the premium (excluding taxes and extra premiums, if any) paid as on date of death, OR Minimum Guaranteed Maturity Benefit, OR absolute amount assured to be paid on death (11 times the Annual Premium rounded up to the next «1000), where, Annual Premium refers to premium payable in a year excluding any extra premium, service tax and loading for modal factors, ifdeath, OR Minimum Guaranteed Maturity Benefit, OR absolute amount assured to be paid on death (11 times the Annual Premium rounded up to the next «1000), where, Annual Premium refers to premium payable in a year excluding any extra premium, service tax and loading for modal factors, ifdeath (11 times the Annual Premium rounded up to the next «1000), where, Annual Premium refers to premium payable in a year excluding any extra premium, service tax and loading for modal factors, if any.

In some cases, policyowners may withdraw the additional cash value without otherwise affecting their death benefits, premium payments, and minimum guaranteed cash values; the insurer may permit policyowners to reduce the level of future premium payments while maintaining the same face amount of coverage; the insurer may allow policyowners to increase the face amount of coverage while maintaining the same premium level; policyowners may keep the face amount and the premium payment level the same but shorten the required premium - payment period; or they may choose some combination or variation of these options.

It is a minimum death benefit amount that will be provided regardless of the underlying policy's cash value at the time of the death of the insured.

Death benefit amount: The minimum death benefit will be at least 105 % of the total premiums paid including top - ups premDeath benefit amount: The minimum death benefit will be at least 105 % of the total premiums paid including top - ups premdeath benefit will be at least 105 % of the total premiums paid including top - ups premiums.