Sentences with phrase «of face amount»

Usually, a small fee is paid at the outset and a percentage of the face amount of the loan is added to the monthly payment.

'' (2) When a tax certificate is redeemed and the interest earned on the tax certificate is less than 5 percent of the face amount of the certificate, a mandatory minimum interest of an absolute 5 percent shall be levied upon the face value of the tax certificate.

Depending on the company it allows you to take anywhere from 25 % to 75 % of the face amount of the policy prior to your death when you have been diagnosed terminally ill (usually less than a year to live).

This is normally a certain percentage of the face amount and will differ by each diagnosis.

For example, a client with a newborn who needs to buy 2 million dollars of face amount, might buy $ 200, o00 in whole life insurance and 1.8 million of 20 year term.

I would rather have you buy all term life if it would allow you to get the appropriate amount of face amount.

After two years the policy pays out the full 100 % of the face amount.

In the case of whole life, most contracts don't allow a reduction of face amount.

In the article he says «Based on actuarial facts, the sum of the mortality costs at life expectancy averages 74 % of the face amount (regardless of age, policy or carrier) Why?

Usually the most that can be purchased is $ 50,000 of face amount.

The offers are typically between 2 and 7 percent of the face amount.

The typical offer is 3 to 7 percent of the face amount.

When I say settle the policy you may be able to sell the policy to investors who will pay you a percentage of the face amount.

With some, the graded benefit will last two years whilst other policies will only see 100 % of the face amount available from the fourth year.

This allows you to obtain up to half of your face amount if you can prove to Americo that your illness is fatal.

Their Golden Solution Immediate Death Benefit policy is a whole life policy with 100 % of face amount paid out immediately if one passes away with no waiting period.

The company would convert all or a portion of your face amount into permanent coverage, typically into one of the company's universal life insurance policies or cash value whole life insurance.

The policy comes with a graded death benefit paying 30 % of the face amount in year one, 70 % in year two and the full death benefit in year three.

The no health questions policies start out at a fraction of the face amount and increases over a period of time, usually 10 years, until you are covered for the full amount.

They get 50 % to 60 % of the face amount of the policy which they use to pay for treatment and for the drugs they need to keep themselves alive.

If death occurs during the graded period, the beneficiaries receive premiums refunded plus an additional 5 % in the first year, premiums refunded plus an additional 10 % in the second year, and 75 % of the face amount in third year.

LifeElements is convertible term life insurance, allowing you to convert all or a portion of the face amount to permanent coverage before the end of the term or by age 70, which ever is less.

It is a rather straightforward contract that specifies insurance coverage of the face amount of the policy in exchange for scheduled premium payments.

Premiums Returned: If death occurs during the graded period, the beneficiaries receive premiums refunded plus an additional 5 % in the first year, premiums refunded plus an additional 10 % in the second year, and 75 % of the face amount in third year.

This means that the beneficiary would receive the greater of either the sum of the total of the premium paid in — accumulated with 4.5 percent interest — or 30 percent of the face amount in effect for the first year, or 70 percent in effect on the second year.

Endowment: In life insurance, a contract which provides for the payment of the face amount at the end of a fixed period, or at a specified age of the insured, or at the death of the insured before the end of the stated period.

Endowment Insurance Endowment insurance provides for the payment of the face amount to your beneficiary if death occurs within a specific period of time such as twenty years; or, if at the end of the specific period you are still alive, for the payment of the face amount to you.

For insureds within the states that require a 3 - year graded period, 75 % of the face amount will be paid if death occurs within the third year.

Conversion allows you to convert all, or a portion, of your face amount to a permanent policy.

This rider will pay you 100 % of the face amount if you're diagnosed as terminally ill, to help pay for medical bills.

If you need help determining how much of a face amount you need you are welcome to use our face amount calculator.

You will also have the Accelerated Benefits Rider with no additional cost, which means you will be confined to a nursing home at least 30 days after the policy is issued with a monthly benefit of 2.5 % of the face amount and up to $ 5,000 per month.

You can choose this product to come fixed with the death benefit being 100 % of the face value from the start, graded which causes your death benefit to be limited the first two years but you will receive the greater of the sum of the total premium paid with 4.5 % interest of 30 % of the face amount, or you can choose modified which offers a limited death benefit for the first two years based on return of premium paid plus 10 %, after the two years the death benefit is 100 %.

Most term policies offer a conversion option, that allows the owner to convert all or a portion of the face amount into permanent coverage with no proof of insurability.

The way it works is that when a death benefit is paid out to the beneficiaries, Foresters will donate an additional 1 % of the face amount to a chosen registered charity so the certificate holder can support their favorite cause.

And when they payout a death claim, they donate 1 % of the face amount to a charity.

You can choose to pay individual costs and accumulate interest on top of the face amount, or simply write yourself a check for the entire face amount and transfer the money all at once.

With this option, there is a chance that a beneficiary could lose a portion of the face amount.

Those are the people who could benefit most from your owning a life insurance policy and making them the beneficiary of the face amount, should the unthinkable happen to you.

For all nicotine users and rated policies, the ROP benefit will not exceed 50 % of the face amount of the policy.

You will acquire a sum greater than the total premium paid acquired with 4.5 % interest, or 30 % of the face amount during the initial year, and 70 % during the second.

The reason there is a maximum percentage is some of the face amount has to be retained for a death benefit which is the main reason you purchased life insurance in the first place.

Return of Face Amount scenario: Mark - age 60 purchases a $ 1million policy with an annual premium of $ 20,357.

How a terminal illness riders works: upon being diagnosed with a terminal illness with a life expectancy of one or two years, depending on the carrier, the carrier will pay out to the policy owner up to 50 - 75 % of the face amount of the policy with a cap typically around $ 500,000.

The maximum death benefit available is the lesser of the face amount of the policy less $ 5,000 or $ 250,000.

Beneficiary can be one person, like a spouse or child, or multiple people, given different percentages of the face amount until 100 % of the death benefit is accounted for.

You can receive a monthly benefit of up to 5 % of the face amount per month.

And 100 % of the face amount if the death is deemed accidental from day one.

Accelerated Benefit rider is available on Ultra Protector I and II allowing up to 50 % of face amount to be paid to the insured if he or she is diagnosed with a terminal illness.

During the second year they will receive 70 % and during the 3rd and after it is 100 % of the face amount.