Sentences with phrase «pay death benefits»

They can help, but only if you die because they pay death benefits only.

These may take the form of «exemptions» for which the insurer waives its obligation to pay death benefits and commonly include suicide, some forms of accidental death, «suspicious» deaths that may involve foul play, and fraudulent death claims.

So the insurance companies use that money to pay the death benefits of the people who don't.

This type of insurance serves to pay death benefits to surviving family members or beneficiaries.

A «Term Life Policy» will pay death benefits only, but if you get a «Permanent» Life Policy», there is also the cash value accumulation along with the death benefits that is also available to the surviving partners and / or heirs.

In addition, insurers may refuse to pay death benefits if they suspect that a policy was initiated by an investor, rather than the insured person.

A term life insurance policy may pay its death benefits in one of three ways.

Whole life insurance policies pay death benefits (proceeds after death) and they may also build cash value.

Term policies pay death benefits — if you die during the period covered by the policy, proceeds will go to your beneficiaries.

Nationwide agreed to pay $ 7.2 million to seven states in order to settle allegations that it failed to pay death benefits to a significant number of people who were unaware that they were listed as beneficiaries on life insurance policies.

For life insurance policies that pay death benefits in the form of a lifetime payout, the portion of the payout that is not subject to tax if the policy has no refund provision or stated time period guarantee which is determined by dividing the amount of the death benefit by the life expectancy of the beneficiary.

The company takes their profit, a portion goes into a pool to pay death benefits to those who die, the salesman gets their percentage and the remaining goes into a conservative investment.

If an employee dies, it pays death benefits to the heirs.

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

Unlike term life insurance, mortgage life insurance typically pays the death benefit directly to your mortgage lender.

In addition, some mortgage protection policies will only pay a death benefit if you die from an accident, similar to accidental death insurance.

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.

First To Die - Pays a death benefit when you or your spouse dies, whichever comes first.

Second To Die - Pays the death benefit when both you and your spouse have passed away.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

Term life insurance is affordable because it does not accrue a cash value and only pays the death benefit.

Now you are suggesting that the company pay a death benefit to cover a person with absolutely no information about their expected longevity.

To illustrate, understand that very few «term life policies» ever pay a death benefit because the insurance company has determined that the policy will likely expire before the death benefit is ever paid... and most do.

But if an insurance company finds out you lied about your use, they can deny you coverage or refuse to pay the death benefit if you pass away unexpectedly.

Unlike term life insurance, mortgage life insurance typically pays the death benefit directly to your mortgage lender.

Accidental death insurance is a legitimate product that is similar to term life insurance, but only pays a death benefit if you pass away due to an accident.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

Like term life insurance, whole life insurance policies pay a death benefit if you die while your policy is in force.

If you're very healthy, and there's little risk that the life insurance company will have to pay the death benefit, you'll get more affordable rates.

Term life insurance covers you for a fixed number of years, such as 1, 5, 10, 20, or 30 and pays a death benefit if you pass away during the covered time period.

Death Benefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the customer.

This helps keep term life premiums lower for young people than permanent policies, which eventually will have to pay a death benefit.

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

An ILIT or Irrevocable Life Insurance Trust by definition is an irrevocable trust that is set up to hold life insurance and pay a death benefit to children and / or grandchildren.

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.

Life insurance companies pay a death benefit (sometimes in the millions) to the beneficiaries of an insured if they die.

The primary difference between life insurance and AD&D insurance is the set of circumstances under which a policy will pay a death benefit.

First To Die - Pays a death benefit when you or your spouse dies, whichever comes first.

So the carrier still has to pay a death benefit if death occurred while backcountry skiing without any avalanche warnings.

Both IUL and VUL policies offer permanent coverage, pay a death benefit, and accumulate cash value.

Key man life insurance helps companies to reduce the risk of business disruption by paying a death benefit if employees that are critical to business operations pass away.

Simply put, second to die or survivorship life insurance differs from all the other types of life insurance because it insures the lives of two people AND only pays a death benefit upon the death of the last survivor.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

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

Second To Die - Pays the death benefit when both you and your spouse have passed away.

Many limited pay policies provide long - term care insurance rider and will pay a death benefit, long term care insurance benefit and cash surrender return of premium.

It is quite different from term insurance, which covers you for set number of years and only pays death benefits to your beneficiaries.

But because it pays on the first death, the probability that the insurance company has to pay a death benefit is similar to having two single life policies.

In addition to paying death benefits, it also has a cash value accumulation feature which grows over the life of the policy.

In contrast to term insurance, a whole life insurance policy pays the death benefit stipulated in the contract upon the death of the insured, regardless of when it may occur.