Sentences with phrase «offer additional payout»

One may not even be aware of certain riders included in the policy that offer additional payout benefits for simple things like the policyholder's demise far away from home, or the insured passing away in a car accident despite wearing a seatbelt etc..

Not exact matches

It offers guaranteed minimum payouts for life, plus potential for additional income based on the performance of balanced mutual funds selected from a menu.

While a 10 to 20 year term may save you premium over the long run (and offer additional death benefit beyond your mortgage), this type of policy works if your only real purpose for the benefit payout is to coverage the remaining principal on your home when you pass.

In addition to higher premiums, insurance companies that issue guaranteed life policies protect themselves against risk in two additional ways: (1) by offering relatively low payouts, and (2) by typically not providing a death benefit during the first two years after issuing the policy (if the policyholder dies during this time, the company issues a refund of premiums instead).

Universal life insurance offers additional flexibility in rates, investment options, and payout options.

They also offer a Charity Benefit Provision which will pay an additional 1 % of the payout of the plan to a nonprofit organization which you can choose.

It offers larger payouts by ways of guaranteed benefits along with additional bonuses at the end of maturity of the policy.