Sentences with phrase «pay a death benefit to a beneficiary within»

Typically, a life insurance company will pay a death benefit to a beneficiary within a few days of receiving proof that the insured has died.

Not exact matches

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.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

If the insured dies within this term (10, 15, 20, 25, 30, or 35 years), the life insurance company pays a lump sum death benefit to the policy's beneficiaries.

Term life insurance pays a death benefit to the policy beneficiary if the policyholder dies within the term of the policy.

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 guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

Just like we saw with whole life insurance, the death benefit works in exactly the same way in that it will be paid to the beneficiary as long as the insured passes away within the dates of the policy, i.e. the contract.

If you die within that specific period of time, the life insurance carrier pays a death benefit to your beneficiaries.

If the policyholder dies within the term of the policy — and the policyholder has paid the premiums and the policy is in good standing — the insurance provider will pay a death benefit to policy's named beneficiaries.

If the insured individual dies within that specific period of time, the life insurance carrier pays a death benefit to the insured's beneficiaries.

The company promises to pay a death benefit to a beneficiary when the insured dies as long if the insured meets the conditions of the contract (for example, dying within the term period).

Generally speaking, this is initially the most affordable life insurance you can buy that offers a lump sum death benefit paid to your beneficiary so long as you keep paying premiums and you pass away within the term.

With the guaranteed acceptance coverage through Colonial Penn, if the insured dies within the first two years of coverage, then the amount of the death benefit paid out to the beneficiary will be reduced.

The company promises to pay a death benefit to a beneficiary when the insured dies as long if the insured meets the conditions of the contract (for example, dying within the term period).

If the person dies within the timeframe of the policy, the death benefits will be paid out to their beneficiaries.

During that time, the policyholder pays an annual premium, and if he or she dies within the period, a death benefit is paid out to the beneficiaries of the policy.

Death Benefit - In case of the demise of the insured within the initial 5 years of the policy issued date (i.e. before the vesting date), a basic sum assured plus accrued guaranteed addition in paid to the policy beneficiary either in a lump - sum or as the annuity or as a combination of two.

Death benefits are only paid out to beneficiaries if you pass away within the window of term coverage.

If the policyholder dies within that contracted time, death benefits will be paid to the beneficiary.

If the policyholder dies within that period, the death benefits will be paid to the beneficiary.

It is important to note that with this guaranteed issue policy, there is a reduced amount of death benefit paid out to the policy's named beneficiary if the insured dies within three years of purchasing the policy.

Even if the policyholder dies within the window of policy coverage, your beneficiaries may still have to wait a probationary period of 1 to 3 years before death benefits are paid out.

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.

Whole life policies offer a choice of having a level benefit (where the policy pays out the face amount and any rider benefits to a named beneficiary upon the insured's death), or a graded benefit (where the policy will pay out a reduced amount of benefit if the insured's death occurs for reasons other than an accident within the first two policy years).

Term life insurance pays a death benefit to the policy beneficiary if the policyholder dies within the term of the policy.

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.

If death is due to accidental causes within the first two policy years, the full death benefit shall be paid to the beneficiary.

If the insured was to die within that time frame, death benefits would be paid to their beneficiaries.

If the insured dies within that specified time period, death benefits will be paid to the beneficiaries.

Suicide — If the insured commits suicide within the two - year suicide exclusion period, the death benefit will not be paid to the beneficiary.

If the policyholder dies within that period of time, a death benefit is paid to the policy's beneficiary.

Term life pays a death benefit to any beneficiaries you choose, such as your spouse, if you die within the policy's term.

This is unlike term life insurance where the insured chooses a specific term and must die within that term for their beneficiaries to be paid the death benefit.

With graded benefits, the entire amount of the stated death benefit may not be paid out to the named beneficiary if the insured dies within the first few years of owing the policy.

Suicide exclusion under Death Benefit: - In case the insured member commits suicide whether sane or insane, within 12 months from the policy inception date or from the date of inception of the member under the group insurance scheme, whichever is later, then higher of 80 % of the premiums paid or surrender value in respect of concerned insured member is payable to the nominee / beneficiary.

Just like we saw with whole life insurance, the death benefit works in exactly the same way in that it will be paid to the beneficiary as long as the insured passes away within the dates of the policy, i.e. the contract.

If the insured dies within that set time, death benefits will be paid to the beneficiaries.

Senior Tribute 2 is a modified death benefit, where if the insured dies within three years of the policy, the premium paid to the beneficiary will equal the contribution plus the 10 percent interest.

Life insurance with fixed term coverage will pay a death benefit to your beneficiaries if you die within the term of your policy.

If the policyholder dies within the term of the policy — and the policyholder has paid the premiums and the policy is in good standing — the insurance provider will pay a death benefit to policy's named beneficiaries.

It also pays a death benefit to any named beneficiary if the policy holder passes away within the one - year term.

If the insured person dies within the 15 - year period of time, the death benefit of $ 250,000 is paid out to the beneficiary of the life insurance policy.

In the event that you die within the specified term, the insurance company pays the face value of the policy as a death benefit to your beneficiaries.

In the event that you die within the specified term, the insurance company pays the exact value of the policy as a death benefit to your beneficiaries.

Unlike a traditional life insurance policy, which can take a few months to pay its death benefit, most of the final expense policies pay the beneficiary within 24 hours of your death.