Sentences with phrase «of policy benefits»
Your beneficiaries would receive the remaining amount of your policy benefits when you pass away, which would also typically not be taxable.
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This rider delays the reduction of policy benefits until age 65 and provides reduced coverage until the policy anniversary after your client reaches age 70.
This rider delays the reduction of policy benefits until age 65 and provides reduced coverage until the policy anniversary after you reach age 70.
Please note that all the tax benefits are subject to tax laws at the time of payment of premium or receipt of policy benefits by you.
This means if you get sick with a qualifying chronic illness and need to access a portion of your policy benefits early, you can do so at no additional charge.
Your rates might not increase if your company does offer accident forgiveness, but you have to meet qualification criteria to take advantage of this policy benefit.
Be sure and check with your agent or company representative to see what type of policy benefit riders you may have available.
A significant part of the policy benefits will not be available as a lump sum, but has to be taken as annuity.
The premise was buy a limited period of policy benefit (say 3 years) which would be far less costly than an unlimited or lifetime benefit.
Fortunately, homeowners insurance companies offer a variety of policy benefits and discounts particularly suited to military families.
The exception to this is if you receive funds in excess of policy benefits.
For receiving continuity of your policy benefits, it is critical to pay premiums on time.
You also need to be careful any deductions you attempt to take, as it can impact the taxation of the policy benefits.
If there is a second critical illness you receive 50 % of the policy benefit over and above the base benefit.
The maximum amount of each policy benefit is stated in the contract when issued.
If you use all or part of your policy benefits, there may be little left for your family.
If the life insured dies during the chosen tenure of this LIC term plan, the death benefit is paid which is equal to the Sum Assured chosen by the policyholder at the time of inception of the policy
Provides death benefits as well as a cash value accumulation that builds during the life of the policy
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
All of our XLNTdriver customers are entitled to the full range of policy benefits available on our standard Car Insurance policy.
Brownfield and historic tax credits, he said, are prime examples of policies benefiting upstate communities that could be left behind under Democratic control.
In short, whatever amount is spent on eligible long term care costs, based upon the receipt of policy benefits from a «partnership eligible long term care insurance policy», would be offset against the required Medicaid «spend down requirements».
Trendsetter Term Policy with «Living Benefits» offers high levels of term life insurance protection, and adds a «living benefit» that allows you to potentially access a portion of your policy benefit while you're still alive if you're diagnosed with a qualifying chronic or critical illness; or a terminal illness.
Being a pure Term Insurance Plan, no benefit will be payable to the life insured on maturity of this LIC term plan if he or she survives the entire duration of the policy
In all cases, clients should carefully determine with their tax advisor the tax consequences of acquiring this policy, including the deductibility of premiums paid under this policy, the taxability of policy benefits and whether all applicable tax law requirements have been satisfied in each particular circumstance.
Be assured that your nominee will receive a guaranteed death benefit of 105 % of all premiums paid by you, should you pass away during the term of the policy
Paid Up Additions (PUA), which is used to buy Paid Up Additions (PUA), which in turn earn further bonuses, thereby enhancing the overall value and benefits of the policy
However, when it comes to taking any major financial decisions like purchasing health insurance, one should consider sticking to the right decision from the point of view of policy benefits and features, coverage and tax provisions.
Life Option with Accidental Death Benefit (ADB): If the life insured dies due to an accident, the nominee shall receive the «life option» along with ADB, which is an amount equal to sum assured of the policy
Beneficiary — An individual (s) or entity (s) named in the policy as a recipient of the policy benefits upon the death of the insured.
Receives Fixed Money Back benefits during the last five policy years plus accrued Fixed Loyalty Additions and Fixed Maturity Addition at maturity of the policy
If the life insured dies during the term of this LIC online term plan chosen by him at the starting of the plan, the death benefit is paid which is equal to the Sum Assured chosen by the policyholder at the time of inception of the policy
Provides death benefits as well as a cash value accumulation that builds during the life of the policy
The non-forfeiture rider means you will get some amount of the policy benefit — not all, but some — depending what you paid in over time.
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
To learn more about taking advantage of policy benefit riders, visit the Protective Learning Center.
Again, even though you could get a comparable product through Aetna and your job, you'll get access to a wider range of policy benefits, high death benefits, and still pay less on average.
• Death Benefit, here a sum of money equalling the amount assured will get paid to the nominee of the policyholder if the policyholder happens to experience an unfortunate sudden demise during the active period of the policy
We regularly counsel and represent insurance companies involved in disputes with policyholders alleging both the wrongful denial of policy benefits and the refusal to settle third - party claims.
Pure Term Plan which means that it only offers death benefit and do not offers any benefit on maturity of the policy
In case of death of the life insured during the chosen tenure of the LIC term plan, the death benefit is paid which is equal to the Sum Assured chosen by the policyholder at the time of inception of the policy
Grace Period is the time provided to the policyholder over and above the exact due date to make the payment for the renewal premium without lapsing the policy or reducing any of the policy benefits.
One of these policy benefits are investments called viaticals.
Offers 3 guaranteed benefits: Guaranteed money back during the last five policy years, guaranteed loyalty additions up to 40 % of sum assured, guaranteed maturity addition up to 20 % of sum assured at maturity of the policy
In case of death of the life insured during the chosen tenure of the plan, the death benefit is paid which is equal to the Sum Assured chosen by the policyholder at the time of inception of the policy