Sentences with phrase «only pay a death benefit to the beneficiary»

The main difference between term life and permanent insurance is that term insurance only pays death benefits to your beneficiaries, while permanent life insurance pays out death benefits and accumulates cash value which will continue to build up over the life of the policy.

It is quite different from term insurance, which covers you for set number of years and only pays death benefits to your beneficiaries.

Term life insurance is a less expensive life insurance option and a good choice when you are on a budget because it is temporary and only pays a death benefit to beneficiaries of the policy if the insured dies during the limited term of the policy.

It is quite different from term insurance, which covers you for set number of years and only pays death benefits to your beneficiaries.

Due to the set time frame of term life insurance, the policy will only pay a death benefit to the beneficiary if the insured's death occurs while the policy is in - force.

Not exact matches

Term life insurance policies are temporary and only pay out a death benefit to the beneficiary if the policyholder dies within the term of the policy.

Or, if you prefer, you can preselect how the death benefit will be paid to your beneficiaries (available with nonqualified and IRA contracts only).

Not only does it give the beneficiary an opportunity to pay expenses, the death benefit is tax - free in most cases.

The IUL death Benefit pays out, and pays out more than your bucket of investment has grown to, wow, its was front loaded, there were fees to limited your risk, and in the end the beneficiary not only got the cash value, but some added death benefBenefit pays out, and pays out more than your bucket of investment has grown to, wow, its was front loaded, there were fees to limited your risk, and in the end the beneficiary not only got the cash value, but some added death benefitbenefit too.

Should you die while the policy is in force, your beneficiaries will receive not only your the initial face value as a death benefit, but also it's common for dividends to buy additional insurance by way of what are called «paid up additions», so the death benefit could actually be higher than the face value at the purchase of the policy.

Under a QLAC, the only benefit permitted to be paid after the employee's death is a life annuity, payable to a designated beneficiary, that meets certain requirements.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

Death Benefit Only Plan — Where death benefits would be paid to the named beneficiary of an employee and which is a non-taxable benefit for the employee's esDeath Benefit Only Plan — Where death benefits would be paid to the named beneficiary of an employee and which is a non-taxable benefit for the employee's Benefit Only Plan — Where death benefits would be paid to the named beneficiary of an employee and which is a non-taxable benefit for the employee's esdeath benefits would be paid to the named beneficiary of an employee and which is a non-taxable benefit for the employee's benefit for the employee's estate.

Death benefits are only paid out to beneficiaries if you pass away within the window of term coverage.

Term life insurance policies are temporary and only pay out a death benefit to the beneficiary if the policyholder dies within the term of the policy.

It pays out death benefits only, but these benefits are paid out as a lump sum and go directly to your named beneficiary.

Term life insurance pays out death benefits only and the proceeds go directly to beneficiary whom you name on the policy.

It pays out death benefits only but it goes to your chosen beneficiary as a lump sum payment and is usually tax - free.

The policy pays a death benefit to your beneficiary only if you (the insured) dies during the time or period the policy is in effect.

With term insurance, only a death benefit is paid out to a named beneficiary upon the insured's death.

Nonetheless, the bottom line remains: if Barbara doesn't need the cash value (in this case she doesn't, as it's inside an ILIT anyway), and can afford to continue paying the premiums, maintaining the life insurance death benefit as a «fixed income substitute» actually turns out to be a remarkably appealing fixed income investment to maintain for the rest of her life... even if the reality is that the return will only accrue to her beneficiaries and not herself.

The IUL death Benefit pays out, and pays out more than your bucket of investment has grown to, wow, its was front loaded, there were fees to limited your risk, and in the end the beneficiary not only got the cash value, but some added death benefBenefit pays out, and pays out more than your bucket of investment has grown to, wow, its was front loaded, there were fees to limited your risk, and in the end the beneficiary not only got the cash value, but some added death benefitbenefit too.

Term Insurance is a type of life insurance only, a byproduct that implies financial coverage provided to the policy holder for a particular time period; if the insured dies during the term then death benefits are paid to the beneficiary but it ceases if one outlives the set term of the policy.

The death benefits are paid to the beneficiary or the nominee only upon the insured's death.

With interest only, the death benefit is held in a trust and only the interest is paid to beneficiaries for a specific amount of time.

Survivorship life insurance is a type of permanent life insurance that insures two people, usually a married couple, and pays the death benefit to beneficiaries only after the second person passes.

Not only will the policy pay a lump sum death benefit to your beneficiary, but the death benefit can also be accessed early due to terminal illness.

With traditional universal life insurance, only the death benefit of your life insurance policy is paid out to your beneficiaries.

In general, Term Life insurance offers you the most in death benefit value for your monthly premium — but, remember that Term Life insurance has no cash value, and pays out to your beneficiaries only if you pass away before the end of the term.

Stated more specifically, a term life insurance policy promises to pay a death benefit to a beneficiary only if the insured dies during a specified term.

In this case, the named beneficiary on the no medical exam policy may only be able to receive back the amount of premiums that were paid into the policy (possibly with a small amount of additional interest), or a certain percentage of the stated death benefit.

A term life insurance policy promises to pay a death benefit to a beneficiary only if the insured dies during a specified term.