Sentences with phrase «original death benefit amount»

This additional insurance substantially adds to your original death benefit amount over time, and it is normally associated with whole life insurance that pays dividends.

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 means they will receive the original death benefit amount plus the accidental death benefit amount.

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

Not exact matches

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

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

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

Please avoid expressing beneficiary shares as dollar amounts since the actual death benefit paid may be more or less than the original policy face amount.

The original death benefit will still be paid out income tax free and the additional amount paid out to your beneficiary will be reported as interest income.

If you die your family will get the original death benefit, less the amount that was deducted from the cash value to pay the premiums.

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.

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

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.

It guarantees your original contribution amounts as a death benefit.

If long - term care is no longer needed and the death benefit has not been exhausted, the policy converts back to its original permanent life insurance state at the reduced amount.

As a rider you can attach to a life insurance policy, the Guaranteed Insurability option allows you to increase the coverage amount on specific dates or to choose an entirely new policy based on your original life insurance health rate class.You will be limited on how much you can get, but typically the maximum amount will be twice your original death benefit, up to $ 125,000.

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.

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

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

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

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.

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.

The original death benefit will still be paid out income tax free and the additional amount paid out to your beneficiary will be reported as interest income.

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

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.

As you can see, after the single premium payment, the death benefit, after the 7 months, would return the original amount plus additional dollars or about 9 % in this example.

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.

My policy has a death benefit that actually increases by more than my cash value over the years so if i die my beneficiaries get the original face amount PLUS the cash value and then some!

With this option, you can maintain the same death benefit from year to year or set the death benefit equal to the original amount plus the cash value accumulation.

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

The death benefit can before the original or lower amount.