Sentences with phrase «offered as the death benefit»

Value - accumulating whole life or universal insurance is often offered as death benefit protection with a cash value component that you can borrow against or eventually cash in by surrendering the policy.

There are two types of death benefits available — one in which the highest of the fund value or the sum assured or 105 % of total premiums paid is offered as the death benefit.

The minimum sum assured amount is Rs. 25,00,000 / - that is offered as the death benefit.

Not exact matches

In the event Mr. Block's employment terminates due to his death or disability (as defined in his offer letter), he or his estate will be entitled to receive the following payments and benefits (less applicable tax withholdings), in addition to any other compensation and benefits to which he (or his estate) may be entitled under applicable plans, programs and agreements of the Company:

Term life insurance policies are quite cheap and can come with a variety of riders offering such assistance as disability income, waiver of premiums, and an accelerated death benefit in the case you become permanently disabled.

Therefore it's typically intended as final expense insurance, offering a large enough death benefit to cover a funeral and other costs associated with your passing.

Elite Choice also offers traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, combined with the potential for additional interest linked to the return of an index.

MarketProtector offers the benefits of a traditional fixed annuity, such as guaranteed minimum interest, death benefits, and retirement income options such as IncomeAccelerator, which is an optional income benefit for an additional charge.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

A terminal illness rider, also known as an accelerated death benefit rider, offers you the option of receiving a percentage of your policy's payout immediately in the case you're diagnosed with a terminal illness.

That's because breast milk — custom - made nourishment specially formulated by Mother Nature — offers so many benefits: It boosts your baby's immune system, promotes brain development, and may reduce your child's risk of Sudden Infant Death Syndrome (SIDS) as well as diabetes, some types of cancer, obesity, high cholesterol, and asthma later in life.

Whole Life Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawals.

Whole life insurance offers death benefit coverage that gradually reduces the insurer's commitment as the cash value builds, just like universal life insurance.

Therefore it's typically intended as final expense insurance, offering a large enough death benefit to cover a funeral and other costs associated with your passing.

In addition, variable annuities can provide guaranteed income you can't outlive, as well as offer a death benefit to help you provide for your beneficiaries.

Premiums can be high and you could earn a better return in the stock market, but ROP policies offer a full death benefit as well as the possibility of a cash windfall if you outlive the term.

While a large number of insurers offer simplified issue life insurance policies, Sagicor is a great choice as they offer competitive rates and some of the highest death benefits.

Whole life insurance (cash value life insurance) offers a permanent accruing death benefit as well as accruing cash value within the policy over the life of the policy holder based upon mortality tables.

A permanent policy is typically not the right fit if you're looking to simply acquire financial coverage for your family in the case that you pass away, as term coverage will offer the same death benefit with much lower premiums.

It is true that many insurers offer guaranteed death benefits up to a certain age, as long as premiums are paid.

Indexed Universal Life (IUL) offers the same flexible premiums and death benefit as universal life.

A terminal illness rider, also known as an accelerated death benefit rider, offers you the option of receiving a percentage of your policy's payout immediately in the case you're diagnosed with a terminal illness.

Mutual of Omaha also offers competitive rates for guaranteed issue whole life insurance, as well as a wider range of death benefits.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

These policies offer much lower premiums as the death benefit is paid out on the passing of the second spouse (i.e. if you die, the death benefit is held until your spouse also dies).

Basically, a universal life insurance policy is a plan that offers the same death benefit as a whole life plan, but with a very flexible payment structure.

While these other types do offer a death benefit that can be guaranteed by a rider in many cases, they primarily FOCUS on cash value accumulation within the policy that varies as follows:

We are focusing on strong companies that offer the option to generate high cash value, as opposed to an initial high death benefit.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

Variable annuity contracts offer tax - deferred growth potential and optional features such as living and death benefits.

Both guaranteed universal life AND traditional whole life offer a permanent death benefit that may be required for estate planning concerns such as business continuity succession planning or family business succession planning).

Whereas a term life policy offers a death benefit for a specific number of years (such as 10, 15 or 20 year term), guaranteed universal life offers death benefit coverage up to a certain age such as 90, 100 or even 121.

Whole life insurance offers death benefit coverage to beneficiaries that gradually reduces the insurer's commitment as the policyholder's cash value builds.

MarketProtector Advisory offers the same benefits of a traditional fixed annuity, such as guaranteed minimum interest, death benefits, and retirement income options such as IncomeAccelerator, which is an optional income benefit for an additional charge.

Elite Choice also offers traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, combined with the potential for additional interest linked to the return of an index.

This fixed index annuity offers the same traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, flexible retirement income options, and tax - deferred * earnings, but has the added feature of a 2.5 % or 5 % bonus to give your contract value an instant boost.

MarketProtector offers the benefits of a traditional fixed annuity, such as guaranteed minimum interest, death benefits, and retirement income options such as IncomeAccelerator, which is an optional income benefit for an additional charge.

Jackson AscenderPlus Select offers traditional fixed annuity benefits, such as guaranteed minimum interest, death benefits, and flexible retirement income options including LifePay ®, an optional income rider available for an additional charge.

Other benefits include accidental death, which provides benefits when death occurs as a result of an accident, family plan for insured spouse and children, disability waiver of premium, which waives the premium payments if the insured becomes disabled for more than 6 months and mortgage payment disability benefit which offers money to continue making payments if the insured individuals becomes disabled for 60 days or longer.

The riders are designed to meet specific needs such as protecting principal, providing a guaranteed level of income for life, or offering a more robust death benefit.

A whole life insurance policy will offer guaranteed level premiums throughout the life of the policy, as well as a guaranteed amount of death benefit.

As the name suggests, this type of coverage offers a death benefit if you die within the covered time period, which could range from one to 30 years.

It also gives you the same guaranteed death benefit protection as all our other whole life policies, but keeps costs down by spreading your payments out a little further and by offering a little less cash value and dividend growth potential.

The life insurance companies also offer solutions such as chronic illness riders AND long term care riders, which allow a portion of the policy death benefit to be used for long term care costs while also preserving a portion of the death benefit coverage.

Permanent life insurance (also called whole life) offers lifetime protection and a guaranteed death benefit as long as you keep the policy in force by paying the premiums.

The death benefit offered through life insurance serves as replacement income for a period of time to help your family build a more financially secure future.

It offers low premiums for life, as well as a death benefit that is non-taxable (from income tax) to beneficiaries.

Variable universal life insurance is a type of permanent coverage that offers both a death benefit, as well as cash value build up.