Death Benefit (higher of the Fund value * or 105 %
of the cumulative premiums paid) with Max Life Partner Care Rider: @ 4 % is Rs. 23,94.687 ** and @ 8 % is Rs. 26,65,400 **
Scenario B: Rahul dies within the Policy Term In the event of death of Rahul, the Death Benefit payable is the higher of Fund Value or 105 %
of the cumulative premiums paid.
Additionally the nominee will also receive an amount equal to higher of the Fund Value or 105 %
of cumulative premiums paidTotal amount invested in Max Life Forever Young Pension Plan - Rs. 10,000 x 12 x 10 = Rs. 12,00,000
In the event of death of the life insured, the Death Benefit payable is higher of Fund Value or 105 %
of the cumulative premiums paid (including top - up premiums).
A comprehensive savings plan that not only protects your family, but also helps you meet your financial goals with guaranteed additions of up to 10 % p.a.
of cumulative premiums paid year - after - year.
Guaranteed Additions accrue @ 5.5 % or 6 %
of the cumulative premiums paid depending on the premium range
Pension Maximiser Option: you will receive an amount equal to the higher of Fund Value or 101 %
of cumulative premiums (including top up premiums, if any) at maturity.
Charlie has a $ 500,000 whole life insurance policy with an $ 80,000 cash value, into which he has paid $ 65,000
of cumulative premiums over the years.
While policy owners are allowed to withdraw funds from the cash value component of a permanent life insurance policy — subject to the amount of the available funds that are in the account — a withdrawal that exceeds the amount
of cumulative premiums that have been deposited can be taxed.
At the end of the level premium period, the cash value of the in - force policy equals the total
of cumulative premiums paid, less any charges for substandard ratings and riders.
A comprehensive savings plan that not only protects your family, but also helps you meet your financial goals with guaranteed additions of up to 10 % p.a.
of cumulative premiums paid year - after - year.
Return of premium life insurance gives you all the benefits of a traditional term life insurance policy, plus the additional benefit of having
all of your cumulative premiums paid back to you at the end of the policy
A retirement solution which provides guaranteed maturity benefit, guaranteed addition of 5 %
of cumulative premium p.a. for the first 5 years and a reversionary bonus from 6th year onwards.
It is calculated as 5 %
of cumulative premium (excluding rider premium) paid till that policy anniversary.
Not exact matches
Made In's
premium cookware is made in the USA by workers with more than 150 years
of cumulative experience in the industry.
Recent measures such as changes to the Canada Pension Plan, the rollback
of planned cuts to Employment Insurance
premiums, the introduction
of carbon levies and cap - and - trade programs, and significant minimum wage hikes in Ontario and Alberta have a
cumulative impact on investment returns and business competitiveness.
An option / rider that refunds
premiums paid into an annuity less
cumulative income payments made, upon the death
of the annuitant.
Even if your policy's cash value is zero, your coverage will continue as long as the total amount
of premiums paid has met the
cumulative minimum required
premium test.
Death Benefit: For QLACs with return
of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case
of the annuitant's premature death, amounting to the difference between the initial
premium paid and the
cumulative income payments received.
For DIAs with return
of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case
of the annuitant's premature death, amounting to the difference between the initial
premium paid and the
cumulative income payments received.
He gets a guaranteed 10 % addition
of each year's
cumulative base
premium.
3
Premium based charges are a percentage
of premium payments calculated based on the
cumulative premiums.
Thus, two weeks before expiration, you're still able to capture a time
premium of 1 % (14 %
cumulative annually).
If the policy is surrendered or canceled before death, any loans received above the
cumulative value
of premiums paid will be subject to tax as growth on investment.
d. Level death benefit with
cumulative gross
premiums: The amount received is increased as the amount
of the gross deposit added to the policy increases.
GSV = GSV Factor *
cumulative annual
premiums paid including the GSV
of Simple Annual Reversionary bonuses
Whole life
premiums are much higher than term insurance
premiums, but because term insurance
premiums rise with increasing age
of the insured, the
cumulative value
of all
premiums paid under whole and term policies are roughly equal if the policy continues to average life expectancy.
Death benefit is equal to the face amount, plus the sum
of premiums, less
cumulative partial surrender
A modified endowment contract (MEC) is a tax qualification
of a life insurance policy whose
cumulative premiums exceed federal tax law limits.
Policyholder can either opt for a
premium discount
of 5 % for each claim free year till it reaches 50 % or can select the
cumulative bonus option.
On survival
of the life assured till maturity, sum assured on maturity with
cumulative guaranteed accrual additions & large
premium benefit.
Should the policy holder survive the entire term
of the policy, this «return
of premium» product will offer cash back in an amount that is equal to all
of the
cumulative base
premiums that were paid into the policy at the end
of the set policy term.
A super top - up plan makes more sense, if you want to get the best health insurance coverage in low
premium, because it takes the
cumulative value
of claims in a year.
All these factors are the result
of the
cumulative analysis
of your actual coverage requirement and also the amount you can spend to pay for your term life insurance
premiums.
For Regular / Limited
Premium: Fund Value less (125 %
of Annualized
premium amount +
cumulative nominal Top Up amount received in the last 60 calendar months).
He gets a guaranteed 10 % addition
of each year's
cumulative base
premium.
The
cumulative premium is now «2,00,000 with «20,000 as guaranteed additions (10 %
of cumulative base
premium)
Receive guaranteed additions on Maturity, they are calculated as a percentage
of each year's
cumulative annualised
premium.
Starts paying an annual base
premium of «20,000 and receives «2000 as guaranteed additions (10 %
of cumulative base
premium)
In case
of renewal
of health insurance cover, in case no claim is made, the policy holder is entitled for
cumulative bonus, which in turn increases the sum assured, without a hike in the
premium.
Avail
cumulative bonus and get 5 % discount on renewal
premium for each claim free policy year, up to a maximum
of 25 %.
For annual policy, earn a
cumulative discount
of 5 % on renewal
premium for each claim free policy year, up to a maximum
of 50 %.
The Guaranteed Addition is calculated as a percentage
of each year's
cumulative base annual
premium.
Unlike regular term policies, return
of premium term life insurance rewards you for keeping the policy by giving a guaranteed return
of your total
cumulative premium paid on the policy during the level term period, not including substandard (extra charges for health) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the policy owner at the end
of the level term period if the policy is then in force.
b. Address change: You can change your address by sending a filled out policy amendment request form along with your address proof (if
cumulative premium of all your active policies is greater than $ 10,000 inclusive
of all applicable taxes, cess, and levies as imposed by the Government).
Cumulative increases in FHA insurance
premiums over the past two years that translates to about $ 100 a month in additional out -
of - pocket costs for borrowers also is also discouraging buyers from using FHA financing, according to Realtors participating in the survey.