Sentences with phrase «payout on the death»

As time passes, and your mortgage debt reduces, the payout on death also reduces leaving your dependants with the money to pay the rest of the mortgage.

Moreover, beneficiaries of a joint life insurance policies can receive a payout on the death of one of the partners or both.

Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited is the first Life Insurance Company to launch «Immediate Payout on Death Claim Registration» wherein they pay the Fund Value to the Claimant on registration of the claim *.

Canara HSBC Oriental Bank of Commerce Life Insurance is first to launch «Immediate Payouts on Death Claim» under which the deceased's family will receive the fund value immediately on registration of death claim under unit - linked policies.

Canara HSBC Oriental Bank of Commerce Life Insurance Company is the first to launch the «Immediate payout on death claim service, providing fund value immediately on registration of death claim under unit - linked policies.

It offers Lump sum payout on death and regular monthly income to your family for 15 years and several other beneficial options to choose.

VOYA Strategic Accumulator Survivorship Universal Life, also known as second to die insurance, provides a death benefit payout on the death of the surviving spouse.

A survivorship life insurance con is that it does not payout on the death of the first insured.

Either way you will always get some payout on death benefit, while under a term life insurance policy, the possibility always exists that the policyholder will outlive their policy, and lose all of the money the paid in.

Lump Sum Payout on Death - Higher of [Sum Assured or 105 % of all premiums paid or (0.5 X Policy Term X Annualised Premium)-RSB- is payable immediately on Death

Not exact matches

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

Two death benefit options available, which allow flexibility in duration of payouts depending on your financial outlook

While it can put stress on a loved one to try to handle burial planning and the associated costs during an emotional time, they'll be able to keep whatever remains of the payout if the total costs are less than your death benefit.

He later goes on to show how death benefit payouts can then fund larger policies, with one time premiums, creating a legacy that grows with each generation.

(3) Annuities generally are less well - suited for you if you are: Low - income (government ensures minimum retirement needs), rich (annuity protection is not needed), intent on leaving a big bequest (payments generally end at your death), or you have low life expectancy (you get few payouts).

The death benefit payout could be doubled if you are killed while on a common carrier such as a plane, bus, taxi, or train.

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

Like Max's plan, Kotak's plan also has the option called «Recurring payout» wherein part of the claim is paid on policy holder's death and a fixed monthly / yearly amount is paid for next 15 years to the nominee.

If the insured can not perform two of those six, they will receive a monthly payout based on the death benefit.

... if you have dependants you will only get one payout, usually on the death of the first policyholder.

If you die, whoever you named beneficiary on your life insurance policy will get the death benefit or payout.

There are also new restrictions on the way death benefit payouts are calculated.

That means your beneficiary will not have to pay income taxes on the death benefit payout.

Under the second variant, a death benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your policy.

On the surface, variable annuities look like an attractive way to plan for retirement, with tax - deferred growth, payouts for life and even a death benefit for your family.

When a defendant's misconduct kills or injures a poor person — i.e., someone whose death or injury triggers smaller payouts in compensatory damages under conventional valuation models — such misconduct will yield a lower punitive damages award where there is a requirement that punitive damages be based on compensatory damages than if the defendant killed or injured a wealthy per - son.

While it can put stress on a loved one to try to handle burial planning and the associated costs during an emotional time, they'll be able to keep whatever remains of the payout if the total costs are less than your death benefit.

The death benefit payout occurs on the death of the surviving spouse.

While most lump - sum payout plans have a fixed Sum Assured benefit, some may offer higher or lower benefit depending on the time of death.

Lincoln Heritage's accidental death policy offers several payouts, depending on what happens to you:

While a 10 to 20 year term may save you premium over the long run (and offer additional death benefit beyond your mortgage), this type of policy works if your only real purpose for the benefit payout is to coverage the remaining principal on your home when you pass.

What's important to point out is that the wording on an AD&D rider can be very specific when it comes to what qualifies as an accidental death, as well as additional parameters relating to when the death must actually occur after the accident in order for there to be a payout.

This Kotak Life pension plan offers multiple annuity options of Lifetime Income, Lifetime Income with cash back wherein the Purchase Price is returned on death of the annuitant, Lifetime Income with a Term Guarantee wherein the annuity payouts are guaranteed for 5, 10, 15 or 20 years and thereafter payable for the annuitant's lifetime and Last Survivor Lifetime Income wherein the annuity payouts are paid for the annuitant's lifetime and post his death, the annuity payouts continue till the death of the spouse

The future premiums are waived off and on subsequent death; the Sum Assured is payable as per the payout option chosen.

This Kotak Life pension plan offers multiple annuity options of Lifetime Income, Lifetime Income with cash back wherein the Purchase Price is returned on annuitant's death, Lifetime Income with a Term Guarantee wherein the annuity payouts are guaranteed for 5, 10, 15 or 20 years and thereafter payable for the annuitant's lifetime and Last Survivor Lifetime Income wherein the annuity payouts are paid for the annuitant's lifetime and post his death, the annuity payouts continue till the death of the spouse

On death of the annuitant, annuity payouts cease under the first option.

If you were to die unexpectedly during that specific term, your beneficiaries would receive a set payout (known as the death benefit) as specified on your policy.

Under the Lifetime Annuity with Return of 100 % of Purchase Price on diagnosis of Critical Illness or death, the annuity payouts cease and 100 % of the purchase price is returned if the policyholder dies or is diagnosed with a critical illness before the age of 85 years

The nominee can avail the entire death benefit in lump sum or take 20 % of the benefit in lump sum on death and the remaining in annual instalments over a payout period of 10, 15 or 20 years @ 11 %, 8.37 % or 7.12 % respectively

Recurring payout - Under this option, the nominee receives 10 % of the Sum Assured amount on the death of the Life Assured.

The payout stops on the death of the annuitant.

As a couple, if you take joint life insurance, you should remember that such policies work on a first - death basis, meaning there is no payout on the second partner's demise.

If do own a policy and you die (having paid your premiums on time), your beneficiaries receive a payout called a death benefit that'll replace any income you provided in life.

A lump sum amount is paid on death of the insured and thereafter an increasing monthly payout is paid for 5 years or till age 60 years whichever is later.

On the Annuitant's death, all the future annuity payouts shall cease immediately and the premiums are payable to the beneficiaries.

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

«Martin decided to take a lower monthly payout on his pension so upon his passing his wife would receive a monthly death benefit to keep her income stream intact.»

On the annuitant's death, all the future annuity payouts shall cease immediately and the total premiums are payable to the beneficiaries.

On certain occasions, the payout of death in service benefit may not be adequate to pay off your mortgage loan obligation.