Sentences with phrase «out death benefits to a beneficiary»

If you haven't been keeping up with your insurance premiums, your insurer will not pay out the death benefit to your beneficiaries when you die, rendering the whole thing useless.

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.

With a life insurance policy, if the insured person dies, the life insurance company will pay out a death benefit to the beneficiaries.

Cash value life insurance refers to a type of life insurance that, in addition to paying out a death benefit to your beneficiary or beneficiaries upon your death, accumulates cash value inside the policy while you are alive, that you can use for whatever you please.

It is so basic it should probably be called «death insurance» rather than life insurance, since your primary benefit is that it will pay out a death benefit to your beneficiary.

However, the primary purpose of these policies is still to pay out a death benefit to your beneficiaries when you pass away, and this benefit makes up a significant portion of the cost of buying a policy.

Aside from certain exceptions, if you die while your policy is in force, your insurer will pay out a death benefit to your beneficiaries.

The policy will still pay out a death benefit to your beneficiaries when you die, but over time this death benefit is gradually replaced by the cash value.

This means that if you pass away during the graded (or waiting) period, the insurance carrier will not pay out any death benefit to your beneficiary.

The policy will still pay out a death benefit to your beneficiaries when you die, but over time this death benefit is gradually replaced by the cash value.

If you die while your policy is in force, the insurer will pay out a death benefit to the beneficiary of your choice.

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.

There is no set rule on how you divvy out your death benefit to your beneficiaries, although certain restrictions may apply from one life insurance company to the next.

This means that the insurer has a restriction where they will not pay out death benefits to a beneficiary if you were to die in the first 2 years when the policy comes into effect.

Term life insurance provides coverage for a specific period of time and pays out a death benefit to the beneficiary if the policyholder dies within the term of the policy.

Aside from certain exceptions, if you die while your policy is in force, your insurer will pay out a death benefit to your beneficiaries.

Whole life insurance pays out a death benefit to the beneficiary when you die and accumulates cash value over time.

If you die during the specified period, the insurance company pays out the death benefit to your beneficiaries.

In its most basic sense, life insurance consists of a policy holder paying a premium to an insurance company and in return, the insurance company paying out a death benefit to the beneficiaries of the insured if and when the insured passes away — provided that the policy is in force at the time of the individual's death.

Since you are buying life insurance that may one day pay out a death benefit to your beneficiary it is important to choose a company with a strong rating.

Basic life insurance pays out a death benefit to beneficiaries in the event of the policyholder's death.

First, they could pay out the death benefit to the beneficiary MINUS the amount the insured avoided by lying or making the mistake on the application form.

They pay out a death benefit to your beneficiaries in the event that you pass away while the plan is in effect and they feature an investment component inside of the policy.

And, if the insured person dies while insured by the policy, the insurance company pays out a death benefit to the beneficiary chosen by the insured.

Instead of purchasing a standard life insurance policy that pays out a death benefit to your beneficiaries upon your death, you can invest in an ILIT.

These give the policy flexibility in the later year if you want to stop making premium payments, but keep the policy in force so it will still pay out the death benefit to your beneficiaries.

If you die during that 10 year term, then your life insurance company will pay out your death benefit to your beneficiaries as instructed in the policy.

All life insurance policies pay out a death benefit to your beneficiaries, but not all of them work as an investment product at the same time.

The policy goes into effect the day you buy it and it lasts until the day you die, at which point it pays out your death benefit to your beneficiaries per the policy.

However, the primary purpose of these policies is still to pay out a death benefit to your beneficiaries when you pass away, and this benefit makes up a significant portion of the cost of buying a policy.

It's simple — You pay the insurance company a monthly or annual premium for a set amount of life insurance for a specific period of time, and the insurer agrees to pay out a death benefit to your beneficiary (you choose) upon your passing.

They are so sure they are going to have to pay out a death benefit to my beneficiary that they just aren't going to put their company at risk.

Not exact matches

If you were to die before paying back your policy loan, the loan balance plus interest accrued is taken out of the death benefit given to your beneficiaries.

If you die, but not because of an accident (e.g. cancer), within the first two years, the death benefit will not be paid out, however, all your paid premiums plus a little interest will be paid to your beneficiaries.

If you do designate your child as your beneficiary, when the insurer pays out, the death benefit will go to a trust overseen by a court - appointed guardian, who will hold onto the money until the child reaches the «age of majority.»

If your beneficiary tries to claim the death benefit and the insurer finds out you died from a previously undisclosed alligator - wrestling avocation, the insurer could recalculate your premiums to the amount it believes you should have been paying and subtract that amount from the payout.

Universal life insurance pays out a tax - free lump sum to your beneficiaries when you die, called a «death benefit.»

With most term life insurance policies, the death benefit — the portion of money that's paid out to beneficiaries — works the same way.

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.

You choose a death benefit and pay a premium for a certain «term» and if you die during the «term» the insurer pays out the death benefit to your named beneficiary.

Death benefits are paid out to beneficiaries tax - free.

Whole life insurance will pay out a set amount of money to your beneficiaries when you die, called a «death benefit.»

To get the death benefit out of your estate and avoid this problem, consider having your spouse, significant other, or an irrevocable trust own the policy and also be the beneficiary.

And upon the death of the second spouse, the remaining death benefit is paid out to the beneficiaries.

The insurance company pays out a lump sum death benefit to the beneficiary of the policy upon the death of the insured.

If you die, the policy pays out a lump sum death benefit to your beneficiary.

When death occurs, the death benefit will be paid out to the beneficiary, generally in a lump sum payment.

If you have an outstanding loan on your whole life insurance policy when you die, the death benefit that is paid out to your beneficiary (or beneficiaries) will be reduced by the unpaid amount of..

An accident death benefit rider pays out an additional death benefit to the beneficiary (that's above the current benefit limit of the policy) if you should die as a result of an accident.

If the policyowner dies while the policy remains in effect, the death benefit is paid out to the listed beneficiary or beneficiaries, while the cash value becomes the property of the insurance company.