Sentences with phrase «pay less death benefits»

The funny thing that happened is that life insurance companies decided it was really better for their bottom line if they could figure out a way to pay less death benefits.

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Not exact matches

These insurance policies are less pricey than traditional life insurance, since they pay benefits only after the death of both husband and wife.

Living Needs Benefit (Accelerated Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months oBenefit (Accelerated Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months oBenefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months obenefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months obenefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or less.

The Legalese «The Acceleration of Death Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.&rDeath Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.&rdeath benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.&rdeath of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.»

Some life insurance may offer death benefit options, including: a specific benefit that does not vary; a face amount plus the policy value; or the face amount plus premiums paid less withdrawals and loans.

More importantly, any money you borrow and don't pay back (including the interest accrued) would be deducted from your death benefit when you die, which means your beneficiary would receive less.

2 Accelerated Death Benefit for Chronic Illness Rider pays 92 % of death benefit (less a $ 150 administration fee, $ 100 in Florida) if an insured becomes permanently chronically ill, meaning the insured is severely cognitively impaired, such as Alzheimer's, or is unable to perform two of six Activities of Daily Living, such as bathing, continence, or dresDeath Benefit for Chronic Illness Rider pays 92 % of death benefit (less a $ 150 administration fee, $ 100 in Florida) if an insured becomes permanently chronically ill, meaning the insured is severely cognitively impaired, such as Alzheimer's, or is unable to perform two of six Activities of Daily Living, such as bathing, continence, or drBenefit for Chronic Illness Rider pays 92 % of death benefit (less a $ 150 administration fee, $ 100 in Florida) if an insured becomes permanently chronically ill, meaning the insured is severely cognitively impaired, such as Alzheimer's, or is unable to perform two of six Activities of Daily Living, such as bathing, continence, or dresdeath benefit (less a $ 150 administration fee, $ 100 in Florida) if an insured becomes permanently chronically ill, meaning the insured is severely cognitively impaired, such as Alzheimer's, or is unable to perform two of six Activities of Daily Living, such as bathing, continence, or drbenefit (less a $ 150 administration fee, $ 100 in Florida) if an insured becomes permanently chronically ill, meaning the insured is severely cognitively impaired, such as Alzheimer's, or is unable to perform two of six Activities of Daily Living, such as bathing, continence, or dressing.

The death benefit payable at any point in time will not be less than 105 % of all premiums paid.

They are less expensive than individual life insurance because they're paying out the death benefit farther in the future i.e. on the death of the second spouse.

A note of caution: if you miss a scheduled premium or pay less than the total premium due, you may lose the guaranteed death benefit.

For SPIAs with death benefit riders, a benefit would be due to a beneficiary if the cumulative income payments made are less than the initial premium paid.

The Easy Pay Solutions policy has a small maximum death benefit, but will be less expensive because Transamerica is able to reduce its risk when you accept a limited payout for the first 2 years of coverage.

You can elect for the death benefit to only pay out what has been accumulated in the cash value of the policy, which costs less than electing a fixed death benefit plus the cash value.

In the long run, you're either going to come out the same (if you're lucky), or way behind if you pay it back (and if you die, then your estate will realize less death benefit).

A company will usually pay more than the cash surrender value, but less than the death benefit, although the exact price depends on a number of factors.

Please avoid expressing beneficiary shares as dollar amounts since the actual death benefit paid may be more or less than the original policy face amount.

Group insurance is less expensive to purchase than individual insurance, and the death benefit is paid directly to the employee's beneficiaries.

Kansas Life policies generally will not pay a death benefit if suicide is determined to be the cause of death and the policy is less than 2 years old.

If you die your family will get the original death benefit, less the amount that was deducted from the cash value to pay the premiums.

If you need or want to stop paying premiums, you can use the cash value to continue your current insurance protection for a specified time or to provide a lesser amount of death benefit protection covering you for your lifetime.

Then when you pass away, your heirs would receive nada bupkiss el zilcho (unless you paid the insurance premium to provide a death benefit, then you'd get about 15 % less paycheck than with American Funds).

If you own a typical permanent life insurance policy (lifetime coverage) and did a straight present value calculation of the premiums you can expect to pay during your lifetime, the total will be less than the death benefit.

If the insured dies in an accident while he or she is a fare - paying passenger on a common carrier (e.g., airplane, train, or bus), this rider provides an additional death benefit equal to 100 percent of the original face amount or $ 250,000, whichever is less.

In case the insured dies during the grace period, the insurer is liable to pay the death benefit (coverage amount) to the beneficiary named in the policy, less any amount outstanding (including the unpaid premium).

* If death occurs due to accidental causes, the full death benefit will be paid to the beneficiary, less any policy obligations.

Death Benefit Income Rider Stick with me for a minute, and I'll show you a way to «rig» your life insurance policy so you can pay less money for the same amount of coverage.

Accelerated death benefit rider — pays 92 % of the death benefit in a lump sum if life expectancy is less than 24 months.

If you need or want to stop paying premiums, you can use the cash value to continue your current insurance protection for a specified time or to provide a lesser amount of death benefit protection covering you for your lifetime.

For example, a 35 - year - old male in good health will likely pay less than $ 170 a month for a 20 - year term life policy with a $ 1.4 million death benefit.

Critical Illness Payment: Any accelerated death benefit payment a policy owner receives will be less than the amount of the death benefit that is accelerated — because the benefit is paid prior to the insured's death.

Upon the death of the insured, the designated beneficiaries receive the death benefit less the amount paid out under the long - term care rider.

Accelerated Benefit rider: accelerated death benefit rider that pays out from the death benefit while you are still alive if you are diagnosed terminally ill with 12 months or less tBenefit rider: accelerated death benefit rider that pays out from the death benefit while you are still alive if you are diagnosed terminally ill with 12 months or less tbenefit rider that pays out from the death benefit while you are still alive if you are diagnosed terminally ill with 12 months or less tbenefit while you are still alive if you are diagnosed terminally ill with 12 months or less to live.

You can also get bonus features like accelerated death benefit (pays 92 percent if your life expectancy is 12 months or less) and a disability waiver, which means you will not have to pay your coverage premiums for the duration of your disability.

So therefore they are gonna pay the death benefit less the almost 1-1/2 year of premiums and I'd have a check within 5 - 7 days.

Because the amount you were paid for the policy is less than the death benefit, and premium payments continue, the buyer profits.

Since the death benefit on term life insurance is paid on less than 1 % of policies, there is relatively low risk to insurers.

More importantly, any money you borrow and don't pay back (including the interest accrued) would be deducted from your death benefit when you die, which means your beneficiary would receive less.

The Legalese «The Acceleration of Death Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.&rDeath Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.&rdeath benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.&rdeath of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.»

It's important to note that the money you borrow and don't pay back (including the interest accrued) will be deducted from your death benefit when you die, which means your beneficiary (s) will receive less.

The death benefit is similar to the Wealth Protect Plan which is higher of sum assured less any withdrawals, fund value or 105 % of the premium paid.

On death of the policyholder, the Sum Assured less any Terminal Benefit already paid is paid to the nominee

Accelerated death benefit - An optional provision in a life insurance policy that provides for a specified percentage of the death benefit to be paid prior to the insured's death in the event a doctor certifies that the insured's life expectancy is limited (usually 12 months or less).

Note that there is a 9.5 % chance of losing money; that is, the $ 3 million death benefit will be less than the $ 480,000 purchase price plus the premiums paid after purchase.

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 face amount of the policy is the initial amount that the policy will pay at the death of the insured or when the policy matures, although the actual death benefit can provide for greater or lesser than the face amount.

The death benefit is the face amount or coverage amount of the policy that will be paid to the named beneficiary upon death of the insured (less any outstanding policy loans and interest).

Again, even though you could get a comparable product through Aetna and your job, you'll get access to a wider range of policy benefits, high death benefits, and still pay less on average.

With term life insurance there is less risk since the insurance company will not necessarily pay out a death benefit during the shorter policy period.

So, you're paying less for a death benefit that stays the same throughout the life of your mortgage.