Sentences with phrase «optional benefits»
"Optional benefits" refer to additional perks or advantages that are not required or essential but are offered as choices. They are extra features or rewards that individuals can choose to have or participate in, but they are not mandatory. Full definition
Fees and charges associated with variable life insurance include mortality and expense risk charges, cost of insurance charges, surrender charges, administrative fees, investment management fees and charges for optional benefits.
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The maximum monthly amount and time period that your attendant care benefits are payable can be increased with the purchase of optional benefits from your insurance company.
Often times, the cost of purchasing optional benefits to ensure the best possible coverage for you and your family is minimal.
Not only do variable annuities offer you flexibility in both the accumulation and payout phases, they also offer optional benefits that can help protect your investment from market declines.
Choose the additional optional benefits for your term insurance plan with our website.
All contract and rider guarantees, including optional benefits and annuity payout rates, are subject to the claims paying ability and financial strength of the issuing insurance company.
This also means that you may not have access to optional benefits in someone else's policy should you be injured while an occupant of their motor vehicle.
Prior to an accident, you are entitled to purchase optional benefits which can modify and increase the amount and type of benefits available.
During the first year, all of your premium payments will go to pay the life insurance premium and optional benefit riders of your policy and is payable at age 100.
It also provides the facility of customizing the plans, by adding optional benefits called riders, at nominal price.
The plan offers strong financial protection at an affordable cost, along with other optional benefits.
You should contact your insurance representative to ask about the various optional benefits that you can purchase to ensure optimal coverage for you and your family.
The restriction on accessing optional benefits means that some people driving or riding in your car will not be able to access them.
It is a pure protection plan with a wide range of optional benefits along with some other good features.
The maximum optional benefits are appropriate for anyone who is seriously injured in a motor vehicle accident; and nobody can predict who that will be.
Not only do variable annuities offer you flexibility in both the accumulation and payout phases, they also offer optional benefits that can help protect your investment from market declines.
There are contract limitations and fees and charges associated with annuities, administrative fees, and charges for optional benefits.
All guarantees, including optional benefits, are based on the claims - paying ability of the issuing insurance company.
Most life insurance policies have a variety of optional benefits, called riders, which may be available for an additional cost.
If it's not too late, you should ask your representative about purchasing optional benefits to ensure that your policy contains enough of the types of benefits that are important to you.
It provides a host of other optional benefits that the person can for as riders.
The company's «Classic» family of plans includes a base plan as well as optional benefit enhancements such as Required to Work, which provides benefits for specific work obligations; and Trip +, which has double the coverage limits compared to the base plan.
To ensure your policy covers all eventualities, there are additional optional benefits available to make your plan as unique as you are.
You can also get Optional benefits such as Accidental Death Benefit & Critical Illness Benefit under this plan.
A hypothetical amount (not actual cash value) used to calculate the owner's optional benefits within a VA..
-- John Hancock Insurance introduced an improved Protection Universal Life insurance product with extended guarantees and new optional benefits, providing consumers with coverage that offers lifetime protection tailored to meet their individual needs.
A variable annuity with optional benefits for an additional charge that combines the growth potential of a wide range of investment options with benefits designed for guaranteed lifetime income † and the opportunity to leave a legacy.
These reductions applied to all policies that were renewed after June 1, 2016 so your current benefits are at the reduced levels unless you purchased enhanced Optional Benefits.
You get Optional Benefits in the form of Accidental Death and Disability Benefit, and New Term Assurance Rider.
Annuities offer a variety of investment choices, and many annuities feature optional benefits to help you pursue your ever - evolving investing and retirement objectives.
Gov. Cuomo will trim Medicaid two percent; Carl wanted to cut far more from optional benefits.
One of the most notable optional benefits Erie provides is its «Rate Lock» offering.
Optional benefit availability varies by product.
The Fixed Account Minimum Value is equal to 87.5 % of premiums allocated to the Fixed Account Options reduced by withdrawals and transfers from the Fixed Account Options, any applicable optional benefit charges, taxes and a $ 50 annual deduction, accumulated at the Fixed Account Minimum Interest Rate.
Nearly eight years ago Sony announced PlayStation Plus which at the time gave optional benefits such as automatic trophy syncing and of course, a handful of games for subscribers to play every month.
In relation to these transitional provisions appropriate inquiries will have to be made as to the renewal date of the applicable policy in order to determine whether optional benefits are available, even if they had not been initially purchased.
The ability to increase the benefits available to you for medical / rehabilitation and attendant care benefits can be purchased through optional benefits.
As a result of the reduction in Accident Benefits we can anticipate that insurance intermediaries who fail to take the time to give their customers the information and advice they require to make informed decisions about buying Optional Benefits will face potential liability.
In particular were the reductions in the Standard Accident Benefits reviewed and the available Optional Benefits discussed?
Optional benefit limit upgrade available on Worldwide Trip Protector and Trip Protector Plus
In addition the plan offers the following optional benefits:
It also features several optional benefits including: Cancel for any Reason, Cancel for Work Reasons, and specialized coverage for golf and ski trips, including equipment protection and rental.
Travel Insured International has recently added a new benefit to their travel insurance optional benefit, «cancel for work reasons».
(6) An insurer, with the approval of the Superintendent, may offer optional benefits in excess of the benefits that must be provided under the Statutory Accident Benefits Schedule.
BOSTON, March 26, 2018 / PRNewswire / — John Hancock Insurance introduced an improved Protection Universal Life insurance product with extended guarantees and new optional benefits, providing consumers with coverage that offers lifetime protection tailored to meet their individual needs.