Sentences with phrase «monthly deductions»
"Monthly deductions" refers to the amount of money that is taken out of your paycheck or bank account on a recurring monthly basis. It can include various things such as taxes, insurance premiums, or other regular payments that are automatically subtracted from your income or funds each month. Full definition
But realize that disability waiver of monthly deduction riders are also available with permanent life insurance.
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How long this rider will pay monthly deductions varies based on your age when you become disabled.
Many insurance companies offer discounts for having multiple policies with the same provider, for paying through automatic monthly deductions from your bank account, or for renewing a claims - free policy.
Many insurance companies offer discounts for having multiple policies with the same provider, for paying through automatic monthly deductions from your bank account, or for renewing a claims - free policy.
It's easier if you set up an automated monthly deduction.
The policy will terminate if at any time the cash surrender value is insufficient to pay monthly deductions.
Disability Waiver of Monthly Deduction Rider — premium is waived if you become totally disabled before age 65.
When activated, the Overloan Protection Rider converts the policy to a «paid - up» status and prevents the policy from lapsing when the policy's cash surrender value is insufficient to cover monthly deduction charges due to significant loans or if any outstanding loans plus accrued interest exceed cash value.
This rider provides the insured the ability to accelerate a portion of the policy's death benefit each month and waives monthly deductions while the insured is chronically ill and receiving qualified long - term care services, subject to a 90 - day elimination period.
Waiver of Monthly Deduction for Disability must be included on both insureds to add this rider.
If the base insured becomes disabled between the ages 60 and 65, this coverage will waive monthly deductions to the later of the third policy anniversary after total disability, and the anniversary when the insured is age 65.
Penn Mutual offers an advantageous waiver of monthly deductions rider for ages 0 - 55, that kicks in after a 4 month waiting period if you suffer a long - term disability.
If the base insured becomes totally disabled for six continuous months, as defined in the policy, prior to age 60, this coverage will waive future monthly deductions as long as the insured continues to be totally disabled.
When the specified insured becomes totally disabled for 6 continuous months as defined in the policy, prior to age 60, this coverage will waive all future monthly deductions as long as the insured continues to be disabled.
The Rapid Builder IUL does not have a premium load, so 100 % of your premium less monthly deductions is applied to the policy and is eligible for interest credits
The 401k is one of the most flexible retirement options available, and if you have regular monthly deductions that add to the employer's contribution, it makes your nest egg much fatter.
Management has therefore decided to suspend the mandatory monthly deductions of GHȼ15.00 from personnel allowances.
When activated, the Overloan Protection Rider guarantees that your policy will not lapse even if the policy's Cash Surrender Value is insufficient to cover the current monthly deduction charges.
Monthly Deductions With a variable or universal life insurance policy, these are the charges deducted from the cash value to meet mortality and expense costs, as well as premiums for riders and supplementary benefits.
Waiver of Monthly Deduction A rider that waives monthly cost of insurance charges in an Adjustable, Universal, or Variable Universal life insurance policy for a period of disability as outlined and defined in the policy.
Prepare and distribute monthly Deduction Log to Government and subcontractors using Latista Construction Management program.
In addition, the policy can be furthered bolstered by adding a Waiver of Monthly Deductions Rider, that waives premium payments due if you suffer from a qualifying disability.
The policy will terminate if at any time the cash surrender value is insufficient to pay monthly deductions.
The SoFi 0.25 % AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account.
The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.
Waiver of Monthly Deduction for Disability can be purchased on either or both insureds; however, no additional benefit is paid if both insureds are totally disabled.
Penn Mutual offers an advantageous waiver of monthly deductions rider for ages 0 - 55, that kicks in after a 4 month waiting period if you suffer a long - term disability.
The Rapid Builder IUL does not have a premium load, so 100 % of your premium less monthly deductions is applied to the policy and is eligible for interest credits
If the specified insured becomes disabled between ages 60 up to age 65, this coverage will waive monthly deductions to the later of the third policy anniversary after total disability or the anniversary when Insured 1 is age 65.
However, salaried employees prefer to go for monthly deductions as it is more convenient for them.
This choice offers the Accelerated Death Benefit Rider, the Waiver of Monthly Deductions Rider, and the Children's Term Rider, too.
Waiver of Monthly Deductions Rider All monthly deductions (for base policy, riders and policy charges) are waived should insured become totally disabled for at least 6 months before age 65.
The cash value of a universal life insurance policy accumulates based on the amount of premium paid, monthly deductions for policy costs and an interest rate that is declared by the insurance company.
The NSS announced the insurance package, which will see a monthly deduction of GH cents 15 from the meager allowances of service personnel, some whom have...
The ACN revealed that a sum of N315 million monthly deductions from the state statutory allocation from the federation account would be used to service the loan for the seven years or more.
According to them, the insurance package, which will see a monthly deduction of GH cents 15 from their meager allowance, was launched without due consultation with personnel.
A monthly deduction covers these short - term and long - term risks.
Waiver of Monthly Deductions Rider All monthly deductions (for base policy, riders and policy charges) are waived should insured become totally disabled for at least 6 months before age 65.
The Accumulation IUL offers several different riders, such as an Accelerated Benefit Rider, Long - Term Care Rider, Overloan Protection Rider, Waiver of Monthly Deduction and Return of Premium.
The cash value of a universal life insurance policy accumulates based on the amount of premium paid, monthly deductions for policy costs and an interest rate that is declared by the insurance company.
Waiver of Monthly Deduction: if you are totally disabled for 6 months, this rider waives monthly charges, monthly loads, administrative fees, and any other rider charges.
Excel Essential UL also offers a child term rider, insurance exchange rider, total disability benefit rider, waiver of monthly deduction rider and Care4Life Acceleration rider.
The rider form numbers are as follows: In Oregon: Accidental Death Benefit: 829 - 200.27; Guaranteed Insurability: 829 - 400.27; Lapse Protection Benefit: 312 - 226; Living Benefits: 929 - 495.27; and Monthly Deduction Waiver: 898 - 225.27.
It doesn't pay the full premium, just the monthly deductions, and it won't add to cash value.
This rider pays all monthly deductions while the insured person is disabled.
4The policy will terminate if at any time the cash surrender value is insufficient to pay the monthly deductions.
Each month, a monthly deduction to cover the cost of the insurance protection provided by the policy is deducted from the policy cash value.