Sentences with phrase «paid on a death»

Absolute amount assured to be paid on death equal to the sum assured Plus, any Guaranteed Additions accrued as on the date of death; or

Typically a married couple adds each other as the «Pay on Death» beneficiary designation for each bond purchase or you can add your children or whomever you desire as beneficiary.

Many of the estate planning goals do not require a benefit to be paid on each death.

The only time income tax may need to be paid on a death benefit is if your estate exceeds the current federal estate tax exemption.

• «Paid on Death (POD)» accounts can be used to instruct a bank to pay to the Petfinder Foundation all or a portion of what remains in a checking, savings, money - market or CD account.

After all, who wants to pay on a death benefit that goes down, while your premium stays the same?

In addition, many policies will pay on a death claim only if death occurs within 90 days of the accident.

In case of Joint Lives, Sum Assured is paid on death of first life and policy stands cancelled and no further benefits are payable.

In case the company is unable to settle the death claim in 8 working days then an interest of 8 % is paid on death benefit for each day beyond the 8th working day.

There are also other term plans that pay on the death of both the insured persons.

Under the instalment option, 20 % of the Sum Assured is paid on death and the remaining benefit can be availed over a period 10, 15 or 20 years @ 11 %, 8.37 % or 7.12 % of the Sum Assured respectively.

A lump sum amount is paid on death of the insured and thereafter an increasing monthly payout is paid for 5 years or till age 60 years whichever is later.

It is a tax break that may apply to life assurance policies that provide for a capital sum to be paid on death, where the policy commenced prior to 14 March 1984.

On death higher of 10 times the annual premium or 105 % of all premiums paid or Minimum Guaranteed SA on Maturity or absolute amount assured to be paid on death is payable

The first installment is paid when the claim is being settled, and the balance eleven installments are paid on each death anniversary of the Life Insured.

The last thing that you want to have happen is for a life insurance company to decide that they are not willing to pay on a death benefit claim simply because you weren't honest on your application.

The only other time such accumulation might be taxable is upon payment of the death benefit, and for the same reasons — the distribution exceeds cost basis (or interest paid on the death benefit from the actual date of death to the time of the death claim payment).

10 % of Death benefit is paid on death and the remaining 90 % is paid as monthly income (0.5 % of Death Benefit) for 15 years

Death Benefit — In the unfortunate event of death of the Life insured, the beneficiary of the policy will receive 11 times of the Annualized Premium, 105 % of all premiums paid, absolute amount assured to be paid on death equal to the Sum Assured, or the Sum Assured on Maturity (whichever is highest)

A lump sum amount is paid on death of the life insured which is equal to 10 % of the Sum Assured chosen by the policyholder.

The remaining part of sum assured after paying on death is given as monthly income for next 15 years.

If Surrender Value is higher than the Death Benefit then the Surrender Value will be paid on death of the Life Assured.

The only time income tax may need to be paid on a death benefit is if your estate exceeds the current federal estate tax exemption.

This ICICI term insurance plan gives flexibility to choose the protection cover according to the needs of the insurer through two options to avail the benefit paid on death which are:

Under Option II, the Sum Assured on death is paid on death of the insured.

The Sum Assured and a monthly income benefit is paid on death under this Reliance term insurance

The death benefit paid on death will bean amount which is higher of the chosen Sum Assured deducting any partial withdrawals made in the 2 years prior to death or the available Fund Value is paid with a minimum of 105 % of total premiums paid until the date of death

The death benefit is higher of 10 times the annualized premium or the absolute amount paid on death calculated as follows:

Either 10 times of the annualized premium or absolute amount assured to be paid on death or the sum assured on maturity whichever is higher is defined as the sum assured amount as a death benefit.

This plan is ideal for individuals who seek to plan for their retirement, and want to get secure and stable returns on their invested corpus for post-retirement income.There is a flexibility to choose your investment horizon from 10 - 40 years, and assured benefit equal to 101 % of all regular premiums paid on death or at vesting.

Sum assured is paid on death and on death or disability of the policyholder, all the future premiums are funded by the company.

Sum Assured on death is highest as it is 10 times of annualised premium or sum assured on maturity or absolute amount assured to be paid on death i.e. Basic Sum Assured.

First - to - die life insurance is permanent or term life insurance that pays on the death of the first spouse.

The convenience of knowing exactly how much will be paid on death clarifies the concerns of the buyers.

There are funeral expenses that need to be paid on your death.

In case of Option I, the death benefit is paid on death.

The sum assured is mentioned as higher of 10 times of annualized premiums or absolute amount assured to be paid on death which comes to 125 % of the sum assured.

* Death Sum Assured = 10 times of the Annualized Premium (excluding extra premium, GST and loading for modal factors, if any) or 105 % of all the premiums paid (excluding GST and extra premium, if any) as on the date of death of the Life Assured or Guaranteed Maturity Benefit (For 10 years premium payment term = 10 X Annualized Premium # and for 15 years premium payment term = 15 X Annualized Premium #) or Absolute amount assured to be paid on death (for 10 years premium payment term = 11 X annualized premium rounded up to next Rs. 1000 and for 15 years premium payment term = 16 X annualized premium rounded up to next Rs. 1000), whichever is the highest.

Higher of Fund Value or Sum Assured is paid on death.

You are in good health when you apply, you are the same age, the amount of insurance that the company will have to pay on your death is the same...

Income Plus Option — 100 % Sum Assured paid on death PLUS 0.5 % Sum Assured paid in arrears as monthly income for next 10 years.

Any absolute amount assured to be paid on death = 10/11/13 times of Annual Premium for 5 & 7 Pay / 10 Pay / 12 Pay.

Sum Assured on Death is higher of 105 % of total premiums paid (as on date of death), 10 times of Annualized premium, Sum Assured on Maturity, or any absolute amount assured to be paid on death.

Higher Of 10 Times Of Annualized Premium, Sum Assured On Maturity, 105 % Of Total Premiums Paid Till Date Of Death, Or Any Absolute Amount Assured To Be Paid On Death

A joint life policy covers Husband and wife in a single plan and the benefit is paid on death of either of the lives.

For Single Pay, it is higher of Guaranteed Sum Assured on Maturity, Absolute amount assured to be paid on death or 125 % of single premiums.

«Sum Assured on Death» is higher of Absolute amount assured to be paid on death or 10 times of annualized premium.

This death benefit option is paid on the death of the life insured for a period of 10 years or up to a period you would have turned 60 (whichever is higher).

In this case Rs. 10 lakhs will be paid on death and remaining Rs. 90 lakhs will be paid as equal monthly installments of Rs. 50,000 for a period of 15 years

#Absolute amount assured to be paid on death is equal to zero under this product.