Sentences with phrase «original amount of death benefit»

This is usually the original amount of death benefit that was purchased.

With variable life insurance, the death benefit may increase or decrease — however, it will not go below the guaranteed minimum amount — which is typically the original amount of death benefit that is purchased.

This is typically the original amount of death benefit that was purchased).

This is usually the original amount of death benefit that is purchased at the time of policy application.

Not exact matches

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.

If the insured dies in an accident while he or she is a fare - paying passenger on a common carrier (e.g., airplane, train, or bus), this rider provides an additional death benefit equal to 100 percent of the original face amount or $ 250,000, whichever is less.

Accidental Death Benefit Rider — Should you die accidently, this rider will provide you with an «additional death benefit» on top of the amount of death benefits you have selected for your original poDeath Benefit Rider — Should you die accidently, this rider will provide you with an «additional death benefit» on top of the amount of death benefits you have selected for your original Benefit Rider — Should you die accidently, this rider will provide you with an «additional death benefit» on top of the amount of death benefits you have selected for your original podeath benefit» on top of the amount of death benefits you have selected for your original benefit» on top of the amount of death benefits you have selected for your original podeath benefits you have selected for your original policy.

Paid - Up Additions Amounts of life insurance purchased either by policy dividends or by additional premium, and added to the original life insurance policy to increase the death benefit and cash values.

Since most AD&D payments usually mirror the face value of the original life insurance policy, the beneficiary receives a benefit twice the amount of the life insurance policy's face value upon the accidental death of the insured.

In order to avoid this, contracts define the death benefit to be the higher of the original death benefit or the amount needed to meet IRS guidelines.

Life stage protection: The option allows you to increase the basic sum assured at specified events of marriage and childbirth, without any medical tests: Marriage: The life insured can increase the death benefit by 50 % of the original death benefit, subject to a maximum additional amount of Rs. 50 lakhs 1st childbirth: The life insured can increase the death benefit by 25 % of the original death benefit, subject to a maximum additional amount of Rs. 25 lakhs 2nd childbirth: The life insured can increase the death benefit by 25 % of the original death benefit, subject to a maximum additional amount of Rs. 25 lakhs

Notably, though, even though the net death benefit is only $ 600,000, Andrew's life insurance policy still has cost - of - insurance charges calculated based on the original death benefit, not just the reduced death benefit amount.

If you should die in an accident while a fare - paying passenger on a common carrier (i.e. train), this rider provides an additional death benefit equal to 100 percent of the original face amount or $ 250,000, whichever is less.

Accidental death benefit riders are also referred to as «double indemnity» when the additional amount of benefit payout is equal to the original death benefit amount, causing your carrier to pay out double your original death benefit.

This is the amount of money you will receive in addition to the original death benefit you purchased, which is listed as «base amount» or «guaranteed death benefit» on the policy illustration and current policy statement.

Normally, the additional benefit paid out upon death due to accident is equivalent to the face amount of the original policy, which doubles the benefit.

Be advised your new policy can be at the original death benefit of your term policy, or a lower amount.