Sentences with phrase «of death benefit amount»

Terminal Illness Benefit — If you are diagnosed with a terminal illness, The company that holds the policy will provide 50 % of your death benefit amount while you are alive less any policy loan balance and an administrative fee.

Withdraw a part of the death benefit amount and utilize the remaining amount to purchase an immediate annuity plan at the then prevailing annuity rate.

The nominee has the option to withdraw the death benefit proceeds, Utilize this benefit to purchase an immediate annuity plan, or withdraw a part of the death benefit amount and utilize the remaining amount to purchase an immediate annuity plan.

Policy holders can only borrow up to the limit of the cash value, not up to the limit of the death benefit amount.

This feature is an accelerated death benefit endorsement (or an ADBE) which allows the insured to push for a portion of their death benefit amount when they suffer a debilitation which impairs their ability to accomplish their daily routines.

This plan features an accident clause that allows you to add additional coverage for accidental death that will pay ON TOP OF the death benefit amount.

Withdraw a part of the death benefit amount and invest the remaining amount in an immediate annuity plan offered by ICICI Prudential at the then prevailing annuity rate

The benefit amount is the lesser of $ 300,000 or 50 % of the death benefit amount.

There is no public record of the death benefit amount or to whom the death benefit is payable (if paid to someone other than the deceased's estate).

Accelerated Benefits — If the policy holder is diagnosed with a terminal illness and have a life expectancy of only one year or less, half of the death benefit amount can be accessed in order to pay medical bills or other pressing needs.

This type of coverage is guaranteed in terms of the death benefit amount, regardless of the insured's increasing age, and whether or not the insured contracts a health issue — and, the cash value will grow at a set interest rate that is set by the insurance company.

Oftentimes, if a policy owner takes a withdrawal within the first 15 years of the policy and the withdrawal causes a reduction of the death benefit amount, then some — or even all — of the withdrawal amount maybe subject to income tax.

The Terminal Illness Benefit outlines that if you are diagnosed with a terminal illness, American General Life Insurance Company will provide 50 % of your death benefit amount while you are alive less any policy loan balance and and administrative fee.

The other main consideration is one of death benefit amount.

This add on allows you to receive up to 50 % of your death benefit amount if you are diagnosed with a terminal illness.

All approved claims will receive a payment guaranteed to be 40 % of the death benefit amount accelerated (for example, 40 % of $ 50,000 = $ 20,000), less any amounts needed for debt repayments — regardless of the type of specified medical condition event, policy age, gender or severity of illness.

On top of the death benefit amount, this option allows any amount left in the policy fund to accumulate cash value and the total to be paid tax - free to the beneficiary.

Not exact matches

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

If you have already accumulated assets, you can subtract the amount of those assets from your total death benefit need, assuming they are somewhat liquid and wouldn't require a large amount of effort or loss in order to gain access to cash.

To calculate the amount of the death benefit, Service Canada first calculates the amount that the CPP retirement pension is or would have been if the deceased was age 65 at the time of death.

This is known as a partial surrender, which reduces the cash surrender value of the policy and the death benefit amounts.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

Please note that the policy's death benefit and cash value will be reduced by the amount of any loans or withdrawals you take.

The taxable amount would be the the death benefit minus the value of whatever was paid to you, as well as any amount paid in premiums since they acquired the policy.

So you can «live» with guaranteed withdrawals for lifetime income and still have the potential to «give» a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.

You should press the agent to design you a plan where you are putting in as much money as you can with the lowest amount of death benefit.

At first glance, I thought you got a payout of 2 % to 4 % of the death benefit, (many of them have these #'s) and then the death benefit would be reduced by that amount.

When you comparison shop, the death benefit amount that your loved ones would receive and the cost of the policy are the most important factors to consider.

The amount of money you're able to receive as an accelerated death benefit will be capped as a percentage of the death benefit or dollar amount.

Many of these studies were trying to prove the benefits of a low fat (low saturated fat diet), but the all failed to prove their point while simultaneously proving saturated fat was a necessity (given the amount of deaths who abstained from it).

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

The amount of death benefit you choose is also very flexible; you can buy anything from a $ 5,000 policy to a $ 1,000,000 policy or more.

The death benefit amount remains level throughout the life of the contract.

An accelerated death benefit allows a policyholder to receive an advance of the face amount if diagnosed with a terminal illness and given less than twelve months to live.

The payment of the accelerated death benefit reduces the stated face amount and stated cash value.

Make comparisons of premium costs for many different policy variations such as the death benefits amount, and optional riders.

The property settlement agreement should specify the policy death benefit amount, the type of life insurance policy, what the policy is intended to secure, and who make the premium payments.

So you can «live» with guaranteed withdrawals for lifetime income and still have the potential to «give» a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.

A life insurance annuity works like an income in that the death benefit is divided up over a number of years into equivalent amounts that the beneficiary receives each year.

The amount of the death benefit is called coverage, and the amount of coverage you need depends on your financial situation and the amount your beneficiaries need to survive without you.

Use of the accelerated death benefit with permanent policies may increase countable assets if the amount advanced exceeds the cash surrender value.

Aside from the obvious value of receiving a large amount of cash as a lump sum, there are some risks with choosing an annuity to receive the death benefit.

The policy document has all of the pertinent information about the life insurance policy: the term, the death benefit amount, policyholder details, and so on.

Policyholders who can provide evidence of good health pay lower rates and qualify for bigger death benefit amounts compared to those who can not.

It'll have all the information you need: the name of the beneficiary, the number at which to contact the life insurance company, and the amount of the death benefit.

An annuity works like an income in that the death benefit is divided up over a number of years into equivalent amounts that the beneficiary receives each year.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beeBenefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beebenefit payout option chosen, subject to policy being in force and all due premiums have been paid.

Withdrawals may reduce death benefit and any optional guaranteed amounts in an amount more than the amount of the withdrawal.

Term life insurance offers a specified amount of death benefit for a specified term.

Withdrawals may reduce death benefit and reduce any optional guaranteed amounts in an amount more than the amount of the withdrawal.