Sentences with phrase «paid as death benefit»

10 times of single premium paid (excluding service tax) + loyalty addition will be paid as death benefit.

Death benefit amount: In case of death of the Life Insured within the Policy Tenure, the nominee gets highest of Sum Assured, Fund Value and 105 % of the premiums paid as Death Benefit and the policy terminates.

If the last survivor of the husband and wife dies within the policy tenure, then the Sum assured + accrued Bonus paid as Death Benefit and the policy is terminated.

The simplest form of life insurance, a term plan offers a lump sum paid as Death Benefit (Sum Assured).

Death Benefit — In case of death of the Life Insured within the Policy Tenure, the nominee gets the higher of 10 times the Annualized Premium or the Sum Assured + accrued Reversionary Bonuses + Interim Bonus + Terminal Bonus, if any, subject to a minimum of 105 % of total premiums paid as Death Benefit and the policy terminates.

In case of death of the Life Insured within the Policy Tenure, the nominee gets highest of Sum Assured, Fund Value and 105 % of the premiums paid as Death Benefit and the policy terminates.

In case of death of the Life Insured within the Policy Tenure, the nominee gets higher of Sum Assured or Fund Value and 105 % of the premiums paid as Death Benefit and the policy terminates

Death Benefit — In case of unfortunate death of the Life Assured during the policy term, then the nominee will get the below: - Sum Assured on Death + Vested Bonus + Interim Bonus + Terminal Bonus if any, subject to a minimum of 105 % of the total premiums paid will be paid as the Death Benefit.

On the death of the life assured, the purchase price of the annuity is paid as death benefit.

If life insured dies before the maturity date, highest of the following would be paid as death benefit.

If the policyholder dies after the commencement of risk date then the sum assured plus accrued bonus would be paid as death benefit.

A minimum assurance of receipt of 105 % of total premiums paid as Death Benefit in the event of death of life insured

If Anil dies in the 15th policy year, Rs. 34 lakhs would be paid as the death benefit.

If Raghav dies during the plan tenure Rs. 50 lakhs would be paid as death benefit.

After risk commencement, the Sum Assured along accrued bonuses, if any would be paid as the Death Benefit

If all due premiums are paid, then, in case of unfortunate death of the Life Assured during the policy term, the Sum Assured on Death * plus Vested Bonus, if any, plus Interim Bonus, if any, plus Terminal Bonus, if any, subject to a minimum of 105 % of the total premiums # paid will be paid as the Death Benefit.

After completion of 5 years of LIC Bima Bachat, the Sum Assured along with Loyalty Addition, if any would be paid as Death Benefit

On the insured's death, the basic sum assured is paid as the death benefit to the nominee and the plan terminates.

In case of death of the policyholder, the nominee gets higher of the basic SA or 10 / 7 times the annual premium or 105 % of all premiums paid as death benefit.

Highlights of term insurance plans • Upon the death of the insured before the end of the Policy Term, the Death Sum Assured will be paid as the death benefit to the beneficiary.

Not exact matches

One advantage C corporations have over unincorporated businesses and S corporations is that they may deduct fringe benefits (such as group term life insurance, health and disability insurance, death benefits payments to $ 5,000, and employee medical expenses not paid by insurance) from their taxes as a business expense.

«The type of hidden fees annuity investors should pay attention to are separate account [investment funds] expense ratios; back - end sales charges; annual administration fees; mortality and expense costs; any rider fees, such as guaranteed income rider, death benefit riders [and] principal protection riders, to name a few,» says financial planner Joseph Carbone of Focus Planning Group.

Like all Googlers, our named executive officers are eligible to participate in various employee benefit plans, such as medical, dental, and vision care plans, flexible spending accounts for health and dependent care, life, accidental death and dismemberment, disability, and travel insurance, survivor income benefit, employee assistance programs (e.g., confidential counseling), and paid time off.

The way it works is that, each year, the insurer deduct all expenses, such as death benefits paid and the costs of running the business, from the money they've made (premiums collected, investments, and any other sources of income) and pays out any net profit as a dividend.

Buying paid - up additions is similar to buying a small single - premium life insurance policy as you increase the policy's cash value and death benefit but don't have ongoing payments.

However, the policy only pays a death benefit if you die due to a covered accident, such as a plane crash or sudden fall.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

This provision states that no death benefit will be paid if you die as a result of your dangerous career or hobby (e.g., skydiving).

As long as you continue to pay the premium on time, your rate and death benefit are locked in and guaranteed to stay the samAs long as you continue to pay the premium on time, your rate and death benefit are locked in and guaranteed to stay the samas you continue to pay the premium on time, your rate and death benefit are locked in and guaranteed to stay the same.

Survivorship Builder is a single policy covering two lives that pays the death benefit upon the second insured's death — an option that might prove beneficial to some, such as, providing an income tax free death benefit, liquidity for estate taxes and wealth transfer and supplemental income needs.

Unless the value that you withdraw is paid back to the insurance carrier before your death, the balance of your loan will be deducted from the death benefit, and the carrier will need you to repay the interest on the loan as well.

The taxable amount would be the the death benefit minus the value of whatever was paid to you, as well as any amount paid in premiums since they acquired the policy.

As the names imply, decreasing term policies pay a lower death benefit over time, while level term policies maintain the same death benefit for the term of the coverage.

As a result of the shutdown, military death benefits will not be paid to soldier's spouses.

The tax treatment of both super and death benefits is also affected by whether the benefits are paid as a lump sum or income stream (regular payments).

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.»

Insurers want to pay out as quickly as they can, though, to avoid interest charges on unpaid death benefits.

Depending on how long it takes to go through this check, and insurer can pay out a death benefit within a few days, but it can take as long as 30 - 60 days depending on delays (more on that below).

If you die as the direct result of a vehicular, air, or sea accident that you did not deliberately cause, your insurer will pay your beneficiary the accidental death benefit, which is normally twice the value of your insurance policy's face value.

If you die due to an accident, such as a car crash or sudden fall, the insurer will pay an additional death benefit.

As an added benefit, the life insurance death benefit of the new hybrid policy would pay off her mortgage if she passed away, assuming she didn't use the policy for long - term care.

On the other hand, as long as premiums are paid, a permanent life insurance policy will always pay out a death benefit since it never expires.

If you have not reached preservation age but have permanently retired, a benefit can only be paid as a result of permanent incapacity, severe financial hardship, compassionate reasons or death.

The idea is that a person may need a higher death benefit earlier in life (as they're paying off their home, raising children, etc.) than they do as they get older.

Lump sum plus Monthly Income: Half of the death benefit will be paid out as lump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 years.

Buying paid - up additions is similar to buying a small single - premium life insurance policy as you increase the policy's cash value and death benefit but don't have ongoing payments.

Lump sum: The entire death benefit will be paid out as a lump sum amount to secure your family's financial future.

During this period, 100 % of premiums paid till the date of death (excluding any taxes) will be payable as Death Bendeath (excluding any taxes) will be payable as Death BenDeath Benefit.

Monthly Income: The death benefit will be paid out as a monthly income increasing annually by 10 % at simple rate for a period of 15 years.

Death Benefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits already Death Benefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits alreadBenefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits already death benefit, irrespective of survival benefits alreadbenefit, irrespective of survival benefits already paid.