Sentences with phrase «pay death benefits to the beneficiary after»

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

Not exact matches

If you die by any means after the first two years, the full death benefit amount will be paid to your beneficiaries.

After all, like life insurance, you pay a premium for it in exchange for a benefit to be paid to your beneficiary at your death.

After two years, the full death benefit would be paid to your beneficiaries, regardless of the cause of death.

Usually the death benefit isn't paid out to your beneficiaries until after you die.

+ read full definition for the death benefitDeath benefit Money that your life insurance or savings and pension plan (s) pays to your estate or beneficiary after your death.

Under a QLAC, the only benefit permitted to be paid after the employee's death is a life annuity, payable to a designated beneficiary, that meets certain requirements.

After paying a lower premium for such a life annuity, the employee would be able to retain a larger portion of his or her account, maximizing the employee's lifetime benefits, while also leaving larger death benefits for a beneficiary, from the remaining amount of the account.

After the two - year Graded Death Benefit period, if you die for any reason the full face amount of the policy shall be paid to your beneficiary.

After two years, the full death benefit would be paid to your beneficiaries, regardless of the cause of death.

A contract is described in this paragraph (c)(2)(iv) if the contract provides that no benefit is permitted to be paid to a beneficiary other than the employee's surviving spouse after the employee's death --

After the two years, the coverage becomes ordinary life coverage and the full death benefit would be paid to your beneficiaries upon your death.

The contract satisfies the requirements of this paragraph (c)(2)(ii) if the contract provides that no benefit is permitted to be paid to a beneficiary other than the employee's surviving spouse after the employee's death --

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

The death benefit of your life insurance policy is the sum that will be paid out to your beneficiary after you pass away.

After the second policyholder dies, the death benefit is paid to beneficiaries, just like with an individual policy.

After you die, burial life insurance pays the death benefit of your policy directly to your beneficiary who can use the money in any manner.

Usually the death benefit isn't paid out to your beneficiaries until after you die.

Term life insurance is basically just a death benefit which is paid to your beneficiaries after your demise.

Universal life insurance pays death benefits to the named beneficiary after the insured's death.

The death benefit is paid to the beneficiary after the second person dies.

They may pay out a miniscule death benefit to your beneficiaries after your passing.

After death, a regularly scheduled death benefit payment will be paid out to all allocated beneficiaries of the insured.

After a specific amount of time, that money can be used to pay premiums, used as a loan or as added death benefits for your beneficiaries.

As long as the premiums are continuously made, death benefits will be paid to the beneficiary after the death of the policyholder.

After the two - year Graded Death Benefit period, if the insured dies for any reason, the full face amount of the policy shall be paid to the beneficiary.

A death benefit is paid to the beneficiary after the insured has passed away assuming it is past the contestability period.

Universal life insurance, also referred to as «UL,» offers flexible premiums and a death benefit (money paid to the beneficiary after the insured's death).

Just as long as the premium payments are made, death benefits will be paid to the beneficiaries after the policyholder's death.

This means that if you and your spouse take out the policy, neither of you will collect a death benefit payout when the other spouse dies, but life insurance will be paid after your death to your beneficiaries, which can be heirs, a charity or trust that you set up.

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.

Insurance money from a single premium policy is paid to the insured right after the maturity of the policy or to the beneficiary as a death benefit without having to make any more payments on the policy prior to these events.

This is a two - to three - year period after purchase and, if you die during the waiting period, your beneficiaries don't receive a death benefit — just the amount you've paid in premiums plus interest.

It also pays Annualized Income Benefit to the beneficiary after death.