Sentences with phrase «of the premiums paid»

This rider adds to the cost of your premiums but ensures that you'll receive a portion or the sum of premiums paid if you live past the term of the policy.

The cash value of a universal life insurance policy accumulates based on the amount of premium paid, monthly deductions for policy costs and an interest rate that is declared by the insurance company.

On the other hand, FHA loans require certain provisions which sometimes place a heavy burden on a homeowner's budget, often in the form of premiums paid for mortgage insurance.

A portion of your premium pays for life insurance coverage equal to the face value of the policy.

If they both outlive their policies, not only can they celebrate being alive, they each receive a refund of all premiums paid.

If you don't die during the term of coverage, the insurer will return a percentage or the entire amount of premiums paid.

A return of premium rider is particular to term life insurance products as it allows you to recoup a portion (or all) of the premiums paid if you live past the full term.

In Vermont, the federal court is now hearing a case in which a man is refusing to enroll in Vermont Health Connect, a state exchange, because a portion of his premium paid for abortion services and this violates his religious convictions.

Legislators who retire after a decade in office will get 60 percent of their premiums paid by the county, according to the personnel manual.

Previously, they had a portion of their premiums paid under their old health care plan, the Federal Employee Health Benefits program.

«New York State would be the 4th of fifty states to have this kind of mandate, in a state where we're already depending on how you look at, the 3rd or 4th most expensive Worker's Compensation state in terms of premiums paid by employers.

Now, thanks to a new study by the U.S. Department of Agriculture, we have a true sense of the premium we pay when choosing that organic yogurt or salad over the conventional alternative.

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If you remain claim - free for four uninterrupted years, then you will be entitled to a pay - out of either your entire first year's premiums or up to 25 % of all your premiums paid over those four years.

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Whole life and universal life policies build up cash value, consisting of the premiums you pay and the income those premiums earn, minus the cost of the insurance.

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 taxes.

During this period, 100 % of premiums paid till the date of death (excluding any taxes) will be payable as Death Benefit.

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This rider adds to the cost of your premiums but ensures that you'll receive a portion or the sum of premiums paid if you live past the term of the policy.

Death Benefit — When the policyholder dies the beneficiary receives the Base Sum Assured or 10 times the annual premium and accrued bonuses or 105 % of all premiums paid till the death, whichever is higher.

Part of the interest rate earned is a guaranteed minimum, commonly 1 - 3 % paid on 90 % of premiums paid; the other part is linked to the specified equities index.

Maturity Benefit Option A — 100 % of the premium paid Maturity Benefit Option B — 110 %, 115 % or 120 % of the premium paid depending on the policy term chosen

However, the death benefit payable shall never be lower than 105 % of all premiums paid (excluding any additional charges as levied by the Company over and above the standard premium rates).

Any dividends you receive that exceed the total amount of premiums paid on your policy are considered taxable.

100 - 120 % of premiums paid are returned at the end of the policy term as a lump sum survival benefit.

* Note: Please keep copy of the premium paid receipt / Bank acknowledge deposit slip for future reference

Here is when your family gets the benefit of the premiums you paid.

Under a typical scenario, an equity - indexed annuity will offer a minimum return that amounts to 90 % of the premium paid at a 3 % interest rate.

Dividends are considered return of premium paid for tax purposes, and are therefore not included as income.

A policyholder can also give up the policy for a return of premiums paid after five years if no long - term care benefits have been used.

A portion of your premium pays for life insurance coverage equal to the face value of the policy.

Then you would have to examine if the benefit (s) outweight cost of the premium paid for the insurance.

Get Higher of Sum Assured on Maturity or 11 times the base annualized Premium or 105 % of premiums paid till date of death, in case of an unfortunate event of death of the life insured.

Better yet, dividends paid that do not exceed the total amount of premiums paid into the policy are viewed, by the IRS, as a return of those premiums and NOT taxable income.

In addition, you can always withdraw from your cash value up the amount of the premiums paid (your basis) without being taxed because those premiums were paid in after - tax dollars.

Dividends paid that exceed the amount of premiums paid into the policy may likely be considered income by the I.R.S. when withdrawn from the policy.

Bonus paid is not that rewarding, but its the only returns for such policies on maturity because sum assured is the total of all your premiums paid.

The return of premium rider, available for return of premium life insurance policies, and also on certain long - term care policies, disability insurance, etc., will return all of your premiums paid over the life of your policy should the term come to an end or should you wish to surrender the policy.

This is because the I.R.S. considers dividends to be a «return of premiums paid» rather than income.

Life insurance classified as return of premium (ROP) features a return of premiums paid to purchase coverage if the insured outlives the term of the policy, or payment of some portion of premiums paid to the beneficiary upon the insured's death.

Even if your policy's cash value is zero, your coverage will continue as long as the total amount of premiums paid has met the cumulative minimum required premium test.

My query is — As the sum assured is 10 times of premium paid — still the surrender value (7,65,000) is fully taxable?

Typically, your beneficiaries will just receive the sum of premiums paid plus interest.

The claims paid for normal childbirth are often several multiples of the premiums paid in advance.

That includes all trade confirmations and documentation of premiums paid and received, transaction costs, the dates you opened each position, when and how it was closed, and the gain or loss it provided.

Mutual of Omaha's waiting period is also 2 years, but beneficiaries would receive 20 % interest on top of premiums paid during that time.

A couple of years ago, I decided to pull back the hood on these ILPs (Investment Linked Plans)-- Checking through the prospectus (something I should've done before I signed it, but I was 21 years old and clueless) I realized that a huge portion of the premiums paid — around 15 % — went straight into paying off my agent's administrative fees and commissions.