Sentences with phrase «original face amount»

The face amount can be increased one time during the first 10 years by a minimum of $ 25,000 and can not exceed the original face amount.

As an example, some life insurance companies may only allow you to convert up to 5x the original face amount of the rider.

The original face amount of the purchase is not guaranteed if the position is sold prior to maturity.

That is, if the entire issue could be purchased at 50 % of the original face amount, the underlying mortgages could be written down by the same proportion.

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.

$ 100,000 is 5 times the original face amount ($ 20,000) that was provided by the child rider.

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.

The death benefit in the term policy includes only the original face amount.

For example, the insurer may only allow you to convert up to 5 times the original face amount of the rider.

As an example, some life insurance companies may only allow you to convert up to 5x the original face amount of the rider.

Rider Conversion Feature — Purchase option available up to 5x the original face amount on earlier of child's 25th birthday or rider termination date.

But the insurance amount will be reduced from the original face amount — probably by at least 50 % or more.

This is a fantastic rider combo as the waiver of premium will cover your premium on the original face amount, plus additional coverage you purchased under the GIO rider.

However, if long - term care expenses exceed the original face amount of the life insurance contract, benefits are exhausted and no further value can be gained from the contract.

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.

After the child attains maturity, the term plan can be converted into permanent insurance with coverage multiplying up to five times the original face amount without the need for medical exams.

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!

Basically the original face amount of the permanent life policy will grow over a period of time.