Sentences with phrase «natural death of the insured»

The life cover would provide financial compensation to the beneficiary in case of natural death of the insured whereas the personal accident cover would be applicable in case of accidental death.

Not exact matches

Since this only covers accidental death and does not cover natural causes (such as heart disease, stroke, or cancer), this life insurance rider is best purchased when the insured is maxed out on the amount of life insurance they can qualify for and he or she need some additional coverage.

The accidental death benefit is usually an amount paid in addition to the standard benefit payable if the insured died of natural causes.

Buyer beware that a death claim on the guaranteed issue product will not be paid out if the insured dies of natural causes in the first two years.

In this case, the beneficiary (or beneficiaries) will receive the amount of the paid - in premiums, plus 7 percent interest compounded annually — if the insured's death was due to natural causes.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

Example 3: Paid to the children of the marriage of the Insured and Dee End, natural and adopted, living at the time of the Insured's death, equally and to the survivors among them.

This type of coverage will typically pay out an additional sum of money if the insured's death is due to an accident, as versus sickness or other natural causes.

A graded death benefit clause within a life insurance policy will state that for a certain period of time once the life insurance policy goes in force, the guaranteed life insurance policy will not cover the insured for natural causes of death!

The only problem with these types of life insurance policies is that they will also contain a «graded death benefit» which will state that the insured must stay alive for a certain amount of time (typically 2 - 3 years) prior to their policy covering «natural» causes of death.

For this reason, insurance companies add the «Graded Death Benefit» clause to their final expense policies so that they can avoid insuring someone who is simply days away from dying from a natural cause (heart attack, cancer, stroke, etc, etc...) Now, since nobody can predict an accidental cause of death such as a slip and fall, motor vehicle accident, victim of crime, etc, etc... these types of deaths would be immediately covered without needing to survive beyond the 2 or 3 year waiting period (the graded death beneDeath Benefit» clause to their final expense policies so that they can avoid insuring someone who is simply days away from dying from a natural cause (heart attack, cancer, stroke, etc, etc...) Now, since nobody can predict an accidental cause of death such as a slip and fall, motor vehicle accident, victim of crime, etc, etc... these types of deaths would be immediately covered without needing to survive beyond the 2 or 3 year waiting period (the graded death benedeath such as a slip and fall, motor vehicle accident, victim of crime, etc, etc... these types of deaths would be immediately covered without needing to survive beyond the 2 or 3 year waiting period (the graded death benedeath benefit).

Q. TRIP INTERRUPTION — Subject to the Terms of this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the Schedule of Benefits / Limits for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations:

R. TRIP INTERRUPTION — Subject to the Terms of this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the Schedule of Benefits / Limits for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations:

This is a clause that states that should the insured (meaning you) die from NATURAL CAUSES during a certain period of time immediately after purchasing your life insurance policy (typically 2 to 3 years), the life insurance policy will not pay the death benefit (the insurance coverage amount).

This can be the case, regardless of whether the insured's death was unexpected, or due to natural causes at a later stage in the insured's life.

This can be the case, regardless of whether the insured's death was unexpected, or due to natural causes at a later stage in..

If, during a covered trip, there is an unexpected death of an immediate family member (spouse, child, parent or sibling), a break - in at the insured's principle residence, or the substantial destruction of the insured's principal residence due to a fire or natural disaster, Patriot GoTravelSM America pays to return the insured to the area of principal residence.

This is a graded benefit whole life insurance policy, which means that during the first two years of policy ownership, the benefit for death of the insured by natural causes will be a refund of the premiums paid in, plus interest.

That it's not all bad news when it comes to the graded death benefit policies because in most cases, if an insured dies from «natural» causes during the graded death benefit period, most guaranteed life insurance policies (or at least the ones we offer here at TermLife2Go) will have some «reimbursement program» whereby the insured's beneficiary will receive back some if not all of the premium payments that the insured paid plus some type of additional interest earns as well.

A graded death benefit is a «clause» that is associated with most (if not all) guaranteed issue life insurance policies, which will state that the insured must not die of natural causes for a certain period of time after the policy is purchased in order for the policy to COVER natural causes of death.

The Life Benefit is paid upon the death of the insured due to natural causes while the Accidental Death Benefit, is paid when death is due to an accideath of the insured due to natural causes while the Accidental Death Benefit, is paid when death is due to an acciDeath Benefit, is paid when death is due to an accideath is due to an accident.

In the event of death (natural or accidental) of an INSURED PERSON, the necessary, reasonable and customary expenses paid are subject to a maximum of AMOUNT per person for transportation / burial of the body.

Full Death Benefit Waiting Period — The insurance company typically requires a waiting period of two or three years before they will pay the full death benefit if the insured dies from natural caDeath Benefit Waiting Period — The insurance company typically requires a waiting period of two or three years before they will pay the full death benefit if the insured dies from natural cadeath benefit if the insured dies from natural causes.

In the event of death (Natural or Accidental) of an INSURED PERSON, the PRINCIPAL SUM in respect of that person shall be paid.

Irrespective of what the reason is, the sum assured or cover amount would be paid on the insured's death (natural or accidental, or death due to some illness).

R. TRIP INTERRUPTION: Subject to the Terms of this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the SCHEDULE OF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aOF BENEFITS / LIMITS for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations: (1) The Insured Person must be outside of his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof his / her Home Country at the time of the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Unexpected death of the Relative or the substantial destruction of the principal residence; aof the Relative or the substantial destruction of the principal residence; aof the principal residence; and

Interruption of Trip: If the Insured is unable to continue the Trip due to the death of a parent, spouse, sibling or child; or due to serious damage to the Insured's principal residence from fire, flood or similar natural disaster (tornado, earthquake, hurricane, etc.), the program will reimburse up to the maximum stated in the Schedule of Benefits the Insured for the cost of economy travel, less the value of applied credit from an unused return travel ticket, to return home to their area of principal residence.

If insured, the beneficiary of the deceased will receive a death benefit following the insured's natural death.

If the insured dies because of natural causes, the insurer will not pay the full death benefit to the beneficiary but instead will pay the total of all premiums paid to the company plus an additional small percentage of that amount.

A graded death benefit is a «clause» written into most (if not all) guaranteed issue life insurance policies which require the insured to «wait» for a period of time before their newly purchased guaranteed issue life insurance policy will begin providing coverage for «natural» causes of death.

In most cases, should the insured die from natural causes during the graded death benefit, most if not all of the paid premiums will be returned to the insured beneficiaries so it will be as though the insured didn't actually lose money by purchasing the policy and dying too soon!

It's not all bad news because with most guaranteed accepted life insurance policies, the best final expense and burial insurance companies will generally have a policy whereby: Should the insured die from natural causes during the graded death benefit, most if not all of the paid premiums will be returned to the insured beneficiaries so it will be as though the insured didn't actually lose money by purchasing the policy and dying too soon!

A life insurance policy covers death of the insured person resulting from an accident or natural causes.

It should be noted that if an insured does happen to pass away from natural causes during the graded death benefit period, many insurance companies do have a policy of returning some if not all of the premium paid by the insured to his or her beneficiaries.

As you know, these policies will generally be limited to 25K in coverage and will contain Graded Death Benefit clauses which will require the insured to live at least 2 years after the policy begins before it will cover «natural causes» of dDeath Benefit clauses which will require the insured to live at least 2 years after the policy begins before it will cover «natural causes» of deathdeath.

A graded life death benefit means that in the first two or sometimes three years, your beneficiary will not be eligible to receive the guaranteed issue life insurance death benefit if the insured dies from what is considered an «natural» cause of death.

To put it simply, a graded death benefit is a clause written into guaranteed issue life insurance policies which requires the insured to wait a period of time (usually 2 - 3 years), before their guaranteed issue life insurance policy will begin covering NATURAL causes of death.

Plus, most guaranteed issue life insurance policies will have some type of «refund» policy should an insured die of natural causes during the graded death benefit period.

This means if the insured dies in the first two or three years of the policy from natural causes (heart attack, cancer, phenomena, etc.) the premiums paid will be returned to the beneficiary and the death benefit will not be paid.

These clauses will basically state that an insured must «NOT DIE» from any «natural» or «illness based» causes of death for a minimum of 2 - 3 years (depending on the policy you choose to purchase), before your guaranteed issue life insurance policy will actually begin to cover an insured for natural causes of death.

You see, what a graded death benefit does is protect an insurance company from having to pay out a guaranteed acceptance life insurance policy during the first couple of years (generally 2 - 3 years) should the insured die from a natural cause.

If an insured dies from natural causes during the waiting period, the company will reduce the death benefit to 110 % of premiums paid into the policy.

In most cases (be sure to check with the policy you are considering), what you'll generally find is that in the event that the insured dies from natural causes during the graded death benefit exclusion period, most if not all of the premiums paid by the insured will be refunded to the insured's beneficiaries plus some type of interest payment based on how long the insured had been making payments!

This is because accidental death insurance provides a cash benefit if the loss of the insured's life is due to an accident (as versus due to an illness or natural causes).

Even in a «worst case» scenario where the insured dies from a natural cause during the graded death benefit exclusion period, because their beneficiary will still receive all of the premium payments the insured made plus some small amount of interested added on!

During this period of time, the life insurance policy will pay out in full in the event that the insured dies from an accidental cause (such as: slip and fall, motor vehicle accident, victim of crime, etc, etc...) but the policy will not cover the insured in the event of an natural cause of death during that first 2 year period.

Now these Graded Death Benefits will typically vary from one insurance carrier to the next but they will all typically include some period of time during which the new life insurance policy will not cover the insured for NATURAL CAUSES of dDeath Benefits will typically vary from one insurance carrier to the next but they will all typically include some period of time during which the new life insurance policy will not cover the insured for NATURAL CAUSES of deathdeath.

In the event of death of the life insured due to natural causes during the term of the policy, Sum Assured on Death plus accrued Reversionary bonuses and Terminal bonus is payable to the nomdeath of the life insured due to natural causes during the term of the policy, Sum Assured on Death plus accrued Reversionary bonuses and Terminal bonus is payable to the nomDeath plus accrued Reversionary bonuses and Terminal bonus is payable to the nominee.

«The policy insures the film against unforeseen incidents like death, illness of an actor or occurrence of natural calamities or accidental damage leading to delays in the film schedule.

However, if natural causes leads to death of the insured person and that too within the policy's inception within the first two years.