Sentences with phrase «pay death benefits to beneficiaries»

Act of war exclusions protect insurance companies from having to pay death benefits to beneficiaries if the insured person dies as an act of war.

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.

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.

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

The main purpose of the policy is to pay a death benefit to the beneficiary named in the policy.

The universal life insurance coverage extends to two people and pays the death benefit to the beneficiary upon the death of the second insured.

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

Upon the death of the insured, the insurance company pays a death benefit to the beneficiary.

Term life offers coverage for a set period of time and then expires, and pays a death benefit to beneficiaries if the policyholder dies while the policy is in effect.

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).

When you purchase life insurance, you enter into a contract with a life insurance company that agrees to pay a death benefit to your beneficiary, which can be your spouse, children or anyone you choose.

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).

The company promises to pay a death benefit to a beneficiary when the insured dies, as long as the insured meets the conditions of the contract.

If you pass away before payment plan is complete, we pay the death benefit to your beneficiary (subject to terms and conditions of the policy)

If they find out after your death, they may refuse to pay the death benefit to your beneficiary.

The cost of insurance for the renewable term element inside a universal life insurance policy can be high in later years, but some companies reduce the cost of insurance by paying the death benefit to beneficiaries over an extended period of 30 years.

This kind of policy pays a death benefit to your beneficiaries if you pass away before the term expires.

This is whom policyholders pay premiums to, and the carrier, in turn, pays the death benefit to the beneficiary.

The policy pays the death benefit to your beneficiary whether you die tomorrow or in 50 years.

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.

Term life insurance is a less expensive life insurance option and a good choice when you are on a budget because it is temporary and only pays a death benefit to beneficiaries of the policy if the insured dies during the limited term of the policy.

The Insurance Company — issues the policy and is responsible for paying the death benefit to the beneficiaries if the insured dies while the policy is in force

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.

You agree to pay the insurance company «premiums» on a regular basis (usually monthly) and in return, the insurance company agrees to pay the death benefit to the beneficiary of your insurance policy upon your death.

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

Due to the set time frame of term life insurance, the policy will only pay a death benefit to the beneficiary if the insured's death occurs while the policy is in - force.

The annuity contract pays a death benefit to the beneficiaries designated by the owner of the annuity when the annuitant dies.

The policy pays a death benefit to your beneficiary only if you (the insured) dies during the time or period the policy is in effect.

They both offer different term periods (e.g. 10 years, 20 years) and both pay a death benefit to your beneficiary if you die during the term period.

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

During this time, life insurance companies must still pay the death benefit to your beneficiaries should you pass away.

A policy is a life insurance contract between you, the policy owner and insured, and the insurer, where the insurer agrees to pay a death benefit to your beneficiary upon your payment of premiums.

The insurance company will pay death benefits to the beneficiary after deducting the unpaid premium.

DEFINITION of Life Insurance: Life insurance is a contract between the owner and the insurer, where the insurer agrees to pay a death benefit to the beneficiary upon the death of the insured.

Term life insurance pays a death benefit to beneficiaries that can take care of final expenses, living expenses, and debts to ensure financial security for loved ones.

A life insurance policy in the state of Ohio is a legal contract that states that you (the insured) will pay a life insurance company a premium and the life insurance company will pay a death benefit to a beneficiary of your choice.

Survivorship life insurance is a type of permanent life insurance that insures two people, usually a married couple, and pays the death benefit to beneficiaries only after the second person passes.

Permanent life policies, including whole life insurance, variable and universal life, pay a death benefit to your beneficiary no matter when you die — next week or in 50 years.

Upon your death the life insurance company will pay the death benefit to your beneficiaries either in one lump sum or in the form of an income.

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

If you pass away before the term ends, the policy pays a death benefit to your beneficiaries.

Term life insurance can help protect your family's financial well - being by paying a death benefit to your beneficiaries in the event the unthinkable were to happen to you.

Stated more specifically, a term life insurance policy promises to pay a death benefit to a beneficiary only if the insured dies during a specified term.

Can you answer the question: how many Whole life / Universal Life / Cah Value pilicies pay death benefit to beneficiaries?

As the name implies, accidental death insurance pays a death benefit to the beneficiary (s) if you die in an accident.

If you should die, the term mortgage insurance policy will pay a death benefit to your beneficiary (spouse) who can use the money to pay off the home mortgage, and for any other purpose, such as, replacing your income and paying for living expenses.

A term life insurance policy promises to pay a death benefit to a beneficiary only if the insured dies during a specified term.

Insurance carriers rate your risk of dying prematurely, thus resulting in the insurer having to pay the death benefit to your beneficiaries before you make a significant amount of premium payments.

Not exact matches

In the event you pass, the cash value is not paid to your beneficiary like the death benefit would be.

«A ruling by a Louisiana appeals court recently stated that the entire death benefit from a single premium annuity plan paid to the beneficiary named in that plan was subject to inheritance tax because it was part of the deceased annuity owner's estate,» says annuities specialist Steven Hart.