Sentences with phrase «on death benefit amounts»

Below is a breakdown of the average cost of a 10 year term life insurance policy based on death benefit amounts and health ratings.

Policy Charge $ 10 - $ 20 per month on a current basis (depends on death benefit amount Orange Pass current basis: $ 20 per month Guaranteed to not exceed $ 30 per month

Using this plan, the insurance carrier will calculate a fixed guaranteed amount of monthly income based on the death benefit amount, gender, and age for the life of the beneficiary.

Income based - Estimating a conservative return on a death benefit amount.

The other big drawback of this type of policy is the limitation on the death benefit amount.

Not exact matches

Unlike life insurance, annuity death benefits are taxed as ordinary income on any gains above the original investment amount.

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

The amount of the death benefit is called coverage, and the amount of coverage you need depends on your financial situation and the amount your beneficiaries need to survive without you.

Most companies perform medical underwriting on applications that exceed a certain death benefits amount.

The policy document has all of the pertinent information about the life insurance policy: the term, the death benefit amount, policyholder details, and so on.

Unlike life insurance, annuity death benefits are taxed as ordinary income on any gains above the original investment amount.

The minimum death benefit for term coverage is $ 25,000 and, depending on your age, MetLife offers the following term lengths and maximum coverage amounts:

if someone had $ 1,000 per month to spend on life insurance, if the entire amount is applied to the base premium, this would purchase a larger death benefit.

It is a great option for someone young, who needs additional death benefit protection, but does not want to spend the extra amount on more permanent coverage.

On most IUL policies, the death benefit is equal to the original insured amount minus the cash value.

(o) If there is no person who would be entitled, upon application therefor, to an annuity under section 2 of the Railroad Retirement Act of 1974 [98], or to a lump - sum payment under section 6 (b) of such Act, with respect to the death of an employee (as defined in such Act), then, notwithstanding section 210 (a)(9)[99] of this Act, compensation (as defined in such Railroad Retirement Act, but excluding compensation attributable as having been paid during any month on account of military service creditable under section 3 of such Act if wages are deemed to have been paid to such employee during such month under subsection (a) or (e) of section 217 of this Act) of such employee shall constitute remuneration for employment for purposes of determining (A) entitlement to and the amount of any lump — sum death payment under this title on the basis of such employee's wages and self — employment income and (B) entitlement to and the amount of any monthly benefit under this title, for the month in which such employee died or for any month thereafter, on the basis of such wages and self — employment income.

Initial premium rate is based on age and gender for all death benefit amounts; tobacco or nicotine substitute use is an additional premium factor for death benefits of $ 101,000 through $ 300,000.

Many policies will set a minimum amount on the death benefits, but the investment portion of your premiums will not typically guarantee a minimum return.

On top of the death benefit amount, this option allows any amount left in the policy fund to accumulate cash value and the total to be paid tax - free to the beneficiary.

However, VL is also the riskiest, as both the death benefit amount and cash value rise and fall depending on the performance of those investments.

Hence, the death benefit's size depends on the age, the health of the insurer and the amount invested.

If you have an outstanding loan on your whole life insurance policy when you die, the death benefit that is paid out to your beneficiary (or beneficiaries) will be reduced by the unpaid amount of..

With whole life, the amount of the death benefit is guaranteed, and the cash value that is within the policy is allowed to grow on a tax - deferred basis.

The definition of life insurance death benefit is the amount of money payable to the beneficiary or beneficiaries listed on a life insurance policy upon the death of the insured, minus any policy loans.

Traditional life insurance focuses on the maximum amount of death benefit for a minimum amount of premium whereas a wealth building approach tries to minimize the death benefit and maximize the amount of cash that is put to work in the policy.

Should the modified death benefits option be chosen, there would be a limit on the amount of death benefit paid out during the first two years.

Should the insured pass away any time after two years have elapsed, the beneficiary would receive 100 percent of the amount of the stated death benefit on the policy.

With permanent life insurance, you can access accumulated cash value to cover retirement expenses without generally having to pay any tax on the distribution, although it does reduce the cash value and death benefit amounts.

With Trendsetter LB, any of these conditions will allow you to accelerate your death benefit, though the amount depends on the severity of your illness.

In addition, they usually have strict limits on the amount of the death benefit.

The coverage you need, such as the term length and the death benefit amount, will depend on your individual financial needs and the costs that your family would need to cover if you were to die.

It's important to note if you take out a loan on your whole life insurance policy and die while the loan is out, the death benefit may be used to pay back the outstanding amount, meaning your beneficiaries won't get the full amount.

Another benefit of whole life insurance is that you can put a seemingly unlimited amount of money into your policy, based on your policy's death benefit.

A variable universal life insurance policy takes the best (or worst, depending on how you look at it) of the other two policies: you can adjust the premium and death benefit amount while investing the cash value in the policy's sub-accounts.

Once you decide on the amount of death benefits you want, the premium you pay is guaranteed for the life of the policy.

Death benefit amounts can sometimes vary year to year depending on the type of policy (universal or whole life) that is purchased.

Section 279D of the ITAA 1936 allowed a deduction to a superannuation fund which paid a death benefit to a dependant of the deceased member where the fund increased the benefit to the amount that would have been paid had there been no tax on contributions.

It provides you with the certainty of a guaranteed amount of death benefit and a guaranteed rate of return on your cash values.

The amount of your survivor's potential monthly benefit in the event of your death depends on three main factors:

If you die with a loan on the policy, your beneficiary will receive the original death benefit amount minus the loan amount.

If you borrow against an existing policy to pay premiums on a new policy, death benefits payable under your existing policy will be reduced by the amount of any unpaid loan, including unpaid interest.

Three of the top factors used in evaluating a policy include the face amount (death benefit), the amount of premiums due each year on the policy, and the life expectancy of the insured.

Settlement amounts depend on the size of the policy's death benefit.

The amount of a survivor's death benefit payable under section 93 (2)(b) in respect of an accident occurring on or after January 1, 1987 is $ 35 a week.

The amount of an additional death benefit payable under section 93 (2)(a) in respect of an accident occurring on or after January 1, 1987 is $ 145 a week.

In the case that your spouse dies in a motor vehicle accident, the amount of death benefits you will receive depends on your coverage.

Please note that these Part VII death benefits will be deducted from your ICBC «tort» claim so really they just amount to an advance on the death claim.

Common carrier death benefit provision — If the insured dies while on an airplane, train, or bus, this rider provides an additional death benefit equal to 100 % of the original face amount.

«Term cost» is simply the cost of a one - year term policy on the insured employee with the same death benefit, i.e., what it would cost the employee to buy the same amount of insurance protection for one year under a term policy.2 In some arrangements, the employee actually pays the term costs.

In this case, depending on the type of permanent life insurance that you choose, you could have your premium and your death benefit amount locked in for the remainder of your lifetime (provided that the premium is regularly paid).