Sentences with phrase «of pure death benefit»

With term life insurance, the policy consists of pure death benefit coverage in return for the payment of a premium.

It consists of pure death benefit protection, with no additional cash value or investment component.

Because of this pure death benefit protection that is offered, term life insurance is often very affordable in comparison to permanent life insurance.

Not exact matches

But he would not have sat for long listening to the features of Whole Life, when he could have got the cheap and dirty «pure» death benefit version without much hassle.

Term life insurance is generally less expensive and is designed to provide pure death benefit protection for a specific period of time.

Term life insurance is a «pure» insurance policy: when you pay your premium, you're just paying for the death benefit that goes to your beneficiaries in the event of your death.

Term life insurance is the purest form of insurance and covers the simple and pure death benefits.

When the policy holder chooses the level death benefit, the value of the pure insurance component decreases over time to keep the death benefit the same while the policy's cash value increases.

Smith says most of his Millennial insurance clients are high - income earners who enjoy benefits of life insurance coverage beyond the pure death benefit protection.

Often called pure protection life insurance it is the most affordable life insurance product on the market because it offers the most «bang for your buck» in terms of monthly premium vs death benefit amount.

With this type of coverage, you can purchase pure death benefit protection, without any other «bells and whistles» such as cash value or investment options.

Because term life insurance is a pure death benefit, its primary use is to provide coverage of financial responsibilities for the insured or his or her beneficiaries.

A pure LIC term insurance plan which provides for the payment of the death benefit in case of unfortunate death of the life insured so that the family can take care of their financial needs in the absence of the bread - winner.

Because term life insurance provides just pure death benefit protection, the premiums for this type of coverage can be quite low — particularly if the insured is young and in good health at the time of application.

Term life offers pure death benefit protection only, without any cash value build up inside of the policy.

Often referred to as «pure life insurance coverage,» this type of insurance offers pure death benefit protection.

The latter is the equivalent of the pure insurance death benefit plus any accumulation in cash value balances.

Term Life Definition: Term life provides pure death benefit protection for a specific period of time (typically 10, 15, 20 or 30 years).

A con of variable universal life insurance is that the policy can get pretty costly and is not an ideal product for someone who is looking for pure death benefit protection.

One of the main reasons for this is because term insurance offers only pure death benefit coverage, without any type of cash value or savings component.

You can buy permanent life insurance (which combines elements of insurance and savings into one contract), you can buy term insurance (which is pure death benefit protection) and use some other financial product to help you accumulate savings (e.g. mutual funds inside a 401 (k)-RRB-, or you can buy permanent insurance and also buy other financial products, like stocks, mutual funds, real estate or anything else you think would make you money.

The difference between that cash value savings and the total death benefit amount is the pure insurance amount, which is also called the «net amount at risk» or «at - risk amount» and refers to the amount of risk, quantified in dollars and cents, that the insurer is taking for insuring (underwriting) your life.

Max Life Online Term Plan Plus is a pure term plan that provides only death benefit on death of Life Insured, provided the policy is in force.

Pure risk in life insurance is classified as, an «only death benefit plan» in which, only the loss of the life is covered.

Termsurance Life Protection Insurance plan by IDBI Federal offers you with two options - a.) Pure protection cover, which offers you beneficiary with the death benefit on the account of your death.

Especially when it is a pure protection plan like TERM INSURANCE offering higher sum assured at a nominal cost and where the insurance company has to pay a death benefit in case of insured dies during the term of a policy.

Just make the purpose of term insurance clean and go for a pure term life policy with only death benefit, even if you don't get your paid premiums better.

Term life is pure insurance protection that provides a death benefit if you die within a set number of years and typically nothing if you live beyond that term.»

Pure risk in term life insurance is classified as, an «only death benefit plan» in which, only the loss of the life is covered.

Since Amulya Jeevan II is a pure insurance plan, the plan only offers death cover or death benefits which means that if the policyholder meets with death at any time during which the policy is in force then LIC will give to the nominee (s) of the policy holder's Amulya Jeevan II policy the sum assured on death amount.

But he would not have sat for long listening to the features of Whole Life, when he could have got the cheap and dirty «pure» death benefit version without much hassle.

A pure term insurance plan that provides life Insurance cover to you by paying a lump sum benefit to your family in case of an unfortunate death.Choice of single or regular premium payments and an additional amount in case of an accidental death.

It is a «pure» life insurance simply because, you actually pay for the value of the death benefit for your family members in the form of either monthly or yearly premiums.

o Pure Protection Option: In case of unfortunate demise of the life insured during the policy term, the death benefit (as applicable to the policy) is payable to the nominee.

All forms of life insurance include a mortality charge that pays for pure life insurance coverage — the death benefit provided by your policy.

This is because term offers just a pure death benefit option, without any type of cash value build up.

ther is no maturity benefit in pure term plan, only death benefit.if the policy holder lives entire term of policy he / she wil not receive anym oney from the company.

Usually it pays an additional death benefit for those insured's who die by some sort of pure accident.

Term insurance can be thought of as «pure protection» in the sensethat it provides only a death benefit, and then, only if theinsured dies for a reason that is not excluded by the policy duringthe term of the policy.

By going for a higher sum assured (in case of pure term plan), policy holder has ensured higher death benefits, which is what you need from an insurance product.

In addition, because term life insurance includes only pure death benefit protection, this type of coverage does not include any type of cash value or investment component.

Simple Reversionary Bonus vested annually from the end of the 1st policy year and is payable on survival during benefit payout term or death of the life insured / maturity of the policy, as applicable under Pure Income Benefit & Income with Maturity Benefit Option respecbenefit payout term or death of the life insured / maturity of the policy, as applicable under Pure Income Benefit & Income with Maturity Benefit Option respecBenefit & Income with Maturity Benefit Option respecBenefit Option respectively.

To fulfill the IRC definition of life insurance, life insurance contracts must provide for a sufficient «amount at risk» — the pure death benefit protection that a beneficiary would receive upon the death of the insured.

All the costs of a policy are paid and it is pure profit and then someone is either forced to keep it like it is or drop it, so they either continue to make a profit or they bank the profit they've made with paying a death benefit, exactly the same reason the companies allow and actually encourage agents to sell non guaranteed UL's.

Life insurance plans are of varied kinds out of which few plans are pure protection plans offering a death benefit only, whereas the others are saving or investment plans offering death and maturity benefit (whichever occurs first).

Criteria will also include the size of the business, the amount of death benefit required, and whether or not the company has a need for a cash value build up component versus just pure life insurance protection.