Sentences with phrase «of death benefit paid»

The first 2 - 3 years you have a portion of the death benefit paid out if the insured passes away at that time.

The balance of the death benefit paid is nothing more than the person's own money being paid to the beneficiary.

It is important to note that with this guaranteed issue policy, there is a reduced amount of death benefit paid out to the policy's named beneficiary if the insured dies within three years of purchasing the policy.

With an accelerated benefit rider, though, you can have some or all of the death benefit paid out beforehand in the case of terminal illness.

With the guaranteed acceptance coverage through Colonial Penn, if the insured dies within the first two years of coverage, then the amount of the death benefit paid out to the beneficiary will be reduced.

With an accelerated benefit rider, though, you can have some or all of the death benefit paid out beforehand in the case of terminal illness.

Should the modified death benefits option be chosen, there would be a limit on the amount of death benefit paid out during the first two years.

In addition, loans from insurers secured by policy values are not income and earnings credited to an owner's policy values (known as «inside buildup») by the insurance company are not currently taxed (and may escape taxation altogether if such earnings are not distributed other than as part of the death benefits paid upon the death of the insured).

Nonetheless, it can absolutely be considered as an endorsement to a standard term life, as it doubles the face value of the death benefits paid out to your beneficiaries.

In this situation, some life insurance companies will pay interest to you while they are holding the balance of the death benefit pay - out.

Not exact matches

These insurance policies are less pricey than traditional life insurance, since they pay benefits only after the death of both husband and wife.

(The rest of the money you've spent goes to pay for the policy's death benefit.)

«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.

The value and cost of these policies depend on several factors: how the buyer chooses to pay premiums, how the market plays out and how the insurer calculates the death benefit.

The way it works is that, each year, the insurer deduct all expenses, such as death benefits paid and the costs of running the business, from the money they've made (premiums collected, investments, and any other sources of income) and pays out any net profit as a dividend.

«A ruling by a Louisiana appeals court recently stated that the entire death benefit from a single premium annuity plan paid to the beneficiary named in that plan was subject to inheritance tax because it was part of the deceased annuity owner's estate,» says annuities specialist Steven Hart.

This provision states that no death benefit will be paid if you die as a result of your dangerous career or hobby (e.g., skydiving).

If you were to die before paying back your policy loan, the loan balance plus interest accrued is taken out of the death benefit given to your beneficiaries.

If you die, but not because of an accident (e.g. cancer), within the first two years, the death benefit will not be paid out, however, all your paid premiums plus a little interest will be paid to your beneficiaries.

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.

When a death benefit is paid depends on the structure of the policy:

Unless the value that you withdraw is paid back to the insurance carrier before your death, the balance of your loan will be deducted from the death benefit, and the carrier will need you to repay the interest on the loan as well.

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.

If you are diagnosed with an illness after purchasing coverage, the insurer will pay you a portion of the policy's death benefit.

There are a lot of costs that go into insuring someone including administrative costs, the medical exam and testing costs, and potentially having to pay out a large death benefit, so life insurance companies weigh all the risks for those who apply for coverage.

As the names imply, decreasing term policies pay a lower death benefit over time, while level term policies maintain the same death benefit for the term of the coverage.

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.

The Death and Life of the Great American School System BY DIANE RAVITCH BASIC BOOKS, 283 PAGES, $ 26.95 Catholic schools reap one benefit from poverty,» the high - school principal hiring me commented ruefully (I'd just glimpsed my pay package).

He successfully represented employee benefit funds against employers that refused to pay the pension and health benefits their workers had earned, and he was part of the legal team that won death row clemency for a Virginia inmate.

As a result of the shutdown, military death benefits will not be paid to soldier's spouses.

Oral Questions - Ensuring wage - earners who are below the income tax threshold will benefit from any future increases in the personal allowance - Lord Greaves; Measures to detect and prevent sudden cardiac death - Lord Storey; Number of people employed by the EU Institutions and information on the number of those who pay either no tax, or reduced tax rates, on their remuneration - Lord Flight

The Fisher House Foundation, a Maryland - based charity, has promised to ensure the families of fallen troops will be paid survivor benefits during the government shutdown — including a $ 100,000 payment made within days of a death.

On June 27, 2002, President Bush has signed a bill allowing death benefits to be paid to domestic partners of firefighters and police officers who die in the line of duty, permanently extending a federal death benefit to same - sex couples for the first time.

The tax treatment of both super and death benefits is also affected by whether the benefits are paid as a lump sum or income stream (regular payments).

If you are diagnosed with an illness after purchasing coverage, the insurer will pay you a portion of the policy's death benefit.

If you do designate your child as your beneficiary, when the insurer pays out, the death benefit will go to a trust overseen by a court - appointed guardian, who will hold onto the money until the child reaches the «age of majority.»

If you are diagnosed with a qualifying disability, typically one that leaves you disabled for over 6 months and is permanent, the insurer will pay a percentage of the death benefit to you each month.

In case of death before retirement, your policy will pay a benefit to the beneficiary — in most cases, the spouse or children.

The last reason an insurance company might not pay out the death benefit is if you commit suicide within the first two years of taking out the life insurance policy.

Social Security taxes pay for retirement benefits paid out the elderly, and for survivor benefits in case of an untimely death.

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

Of course, just because an insurance company wants to pay out a death benefit quickly doesn't mean they always can.

If you die as the direct result of a vehicular, air, or sea accident that you did not deliberately cause, your insurer will pay your beneficiary the accidental death benefit, which is normally twice the value of your insurance policy's face value.

Protection for your group members — Death benefit is paid in event of death of the life insured by the company to the beneficDeath benefit is paid in event of death of the life insured by the company to the beneficdeath of the life insured by the company to the beneficiary.

a. Death Benefit (other than death due to Accident)-- During Waiting period of 90 days: In case of the death (other than due to Accident) of the Life Insured during the Waiting Period of 90 days, the Death Benefit payable will be 100 % of premiums paid till the date of death, exclusive of applicable tDeath Benefit (other than death due to Accident)-- During Waiting period of 90 days: In case of the death (other than due to Accident) of the Life Insured during the Waiting Period of 90 days, the Death Benefit payable will be 100 % of premiums paid till the date of death, exclusive of applicable tdeath due to Accident)-- During Waiting period of 90 days: In case of the death (other than due to Accident) of the Life Insured during the Waiting Period of 90 days, the Death Benefit payable will be 100 % of premiums paid till the date of death, exclusive of applicable tdeath (other than due to Accident) of the Life Insured during the Waiting Period of 90 days, the Death Benefit payable will be 100 % of premiums paid till the date of death, exclusive of applicable tDeath Benefit payable will be 100 % of premiums paid till the date of death, exclusive of applicable tdeath, exclusive of applicable taxes.

As an added benefit, the life insurance death benefit of the new hybrid policy would pay off her mortgage if she passed away, assuming she didn't use the policy for long - term care.

If you have not reached preservation age but have permanently retired, a benefit can only be paid as a result of permanent incapacity, severe financial hardship, compassionate reasons or death.

Lump sum plus Monthly Income: Half of the death benefit will be paid out as lump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 years.

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.

You pay a flat premium over the duration of the policy, but the face value (death benefit) of the policy decreases over time.