Sentences with phrase «of death benefit guarantees»

With this coverage, policyholders are allowed to select the coverage amount, how long they want to pay premiums and the duration of the death benefit guarantee.

Depending on your insurer, you may need to pay back amounts you've borrowed, or may simply forfeit a portion of the death benefits guaranteed under the policy.

Not exact matches

«The type of hidden fees annuity investors should pay attention to are separate account [investment funds] expense ratios; back - end sales charges; annual administration fees; mortality and expense costs; any rider fees, such as guaranteed income rider, death benefit riders [and] principal protection riders, to name a few,» says financial planner Joseph Carbone of Focus Planning Group.

Since a funeral costs around $ 10,000 on average, guaranteed issue insurance should provide a large enough death benefit if you just want to take care of final expenses.

The consumer will incur a surrender charge, be subject to the commencement of a new surrender period, lose existing benefits (such as a higher crediting guarantee than is currently available, as well as death, living or other contractual benefits), or be subject to increased fees, investment advisory fees or charges for riders and similar product enhancements;

In this case, you would probably want to consider a guaranteed universal policy, since it provides a death benefit until 121 years of age (or whatever age you choose).

The expense ratio excludes additional fees that would apply if the Return of Premium death benefit rider or Secure Income (Guaranteed Lifetime Withdrawal Benefit) rider is ebenefit rider or Secure Income (Guaranteed Lifetime Withdrawal Benefit) rider is eBenefit) rider is elected.

A fee included in some annuity contracts that compensates the insurer for the risks it assumes in issuing the contract, such as the cost of death benefits, expenses of other insured income guarantees, and administrative costs.

However, permanent life insurance solutions that focus on providing lifetime guaranteed death benefits, such as these, are typically less expensive than other types of permanent life insurance that emphasize savings opportunities.

The standard death benefit is equal to the contract value on the date of the claim and does not include any additional guarantees.

The standard death benefit is equal to contract value on the date of the claim and does not include any additional guarantees.

Elite Choice also offers traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, combined with the potential for additional interest linked to the return of an index.

MarketProtector offers the benefits of a traditional fixed annuity, such as guaranteed minimum interest, death benefits, and retirement income options such as IncomeAccelerator, which is an optional income benefit for an additional charge.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

(2) And as part of your contract with an insurance company, you can also receive income guarantees and death benefits.

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.

Some permanent policies are eligible to receive dividends, and although they aren't guaranteed, they help to increase the cash value and death benefit of the policy.

lifetime death benefit guaranteed UL market were down by 3 percent compared to second quarter 2010, the products still garnered 43 percent of all UL sales in the first half of 2001.

Examples include lifetime guaranteed income riders, critical illness riders, riders that pay for care in event of two of six activities of daily living, and guaranteed rollup death benefits.

Durham says that, even though there have been some notable carrier exits in this market and second quarter 2011 annualized premium sales in the lifetime death benefit guaranteed UL market were down by 3 percent compared to second quarter 2010, the products still garnered 43 percent of all UL sales in the first half of 2001.

Payouts can be guaranteed for life, regardless of how much the account actually earns, and they often include a guaranteed death benefit.

While there's no guarantee body cameras would have provided conclusive evidence about the Feb. 8 death of Wardel Davis, who was unarmed, or Sunday's shooting death of Jose Hernandez - Rossy, whom Erie County District Attorney John J. Flynn indicated Wednesday may have been unarmed, such cases are the kinds that could benefit from video evidence, local law enforcement and politicians say.

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.

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.

They provide preservation of principal, death benefit protection, guaranteed retirement income options and competitive interest rates.

Whole Life Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawals.

All contract guarantees, including optional living and death benefit riders and annuity payout rates, are backed by the claims - paying ability and financial strength of issuing insurance company.

This Non guaranteed benefit (as percentage of Sum Assured on Maturity) is paid out as a cash bonus every year starting from the 6th Policy year, until maturity or death, whichever is earlier.

In this case, you would probably want to consider a guaranteed universal policy, since it provides a death benefit until 121 years of age (or whatever age you choose).

Taking Care of Many Needs Brighthouse Guaranteed Level Term provides a death benefit that can help your family continue to live the life they are accustomed to.

Since a funeral costs around $ 10,000 on average, guaranteed issue insurance should provide a large enough death benefit if you just want to take care of final expenses.

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

Guaranteed universal life is arguably the most popular product for second to die because these policies are set up to offer an inexpensive permanent death benefit, which is a key part of the second to die policy appeal.

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

Single - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of your life.

Extended Death Benefit Guarantee — 50 % of your policy's face amount is guaranteed as long as your policy is in force

A Guaranteed Acceptance policy can only be purchased between the ages of 50 to 85, and the policy's death benefit is limited for the first 2 years of coverage.

A PerspectiveSM variable annuity includes a standard death benefit equal to the contract value on the date of the claim and does not include any additional guarantees.

The death benefit of VUL policies may rise or fall, but it will not decline below the specified guaranteed amount.

In addition, Northwestern Mutual offers the option of paying a higher premium to guarantee the death benefit, an option that's not standard for most variable universal policies.

A fee included in some annuity contracts that compensates the insurer for the risks it assumes in issuing the contract, such as the cost of death benefits, expenses of other insured income guarantees, and administrative costs.

Mutual of Omaha also offers competitive rates for guaranteed issue whole life insurance, as well as a wider range of death benefits.

Annuities can provide you with guaranteed * income options regardless of how long you live, and can provide valuable death benefits for your heirs.

Fixed annuities offer four important elements that can help you grow your retirement future; preservation of principal, † competitive interest rates, ‡ guaranteed retirement income options and death benefit protection.

AIG is our favorite company for guaranteed issue whole life insurance because they also offer the option of accelerating the death benefit if you become ill.

Lifetime Assure universal life insurance provides a number of advantages, including death benefit protection combined with guarantees in case of premature death, and cash accumulation that can help you meet many needs.

Symetra also has consistently low rates for guaranteed universal life insurance, with the option of accelerating the death benefit if you are diagnosed with a chronic or terminal illness.

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.

In sum, variable life offers the flexibility to design your own portfolio, together with the security of a guaranteed death benefit.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.