Sentences with phrase «payouts as death benefits»

Drawing parallels with life insurance, ask those families who have lost their loved ones and received life insurance payouts as death benefits.

If you die before the policy's end date, your beneficiary will receive the payout as a death benefit.

If you die before the policy's end date, your beneficiary will receive the payout as a death benefit.

Under these programs, the policyholders receive frequent payouts as the death benefit, in case the policyholder survives.

Under these plans, the policyholders receive frequent payouts as the death benefit, in case the policyholder survives.

Child plans also offer a lump sum payout as death benefit to the child on maturity.

If you should die before the policy matures, your child will receive the payout as your death benefit and will still have the anticipated money for college.

Not exact matches

Payouts for dismemberment are typically listed as a percentage of your policy's death benefit, with a certain percentage corresponding to each limb (or combination thereof).

In the case that you pass, the policy beneficiaries should file a claim with the insurer, after which point the circumstances of your death will be reviewed and receive the payout (also called a death benefit or the face value of the policy) so long as everything is in order.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

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.

A terminal illness rider, also known as an accelerated death benefit rider, offers you the option of receiving a percentage of your policy's payout immediately in the case you're diagnosed with a terminal illness.

Accidental death and dismemberment coverage can also act as a living benefit, as the dismemberment coverage provides a payout if you receive certain injuries in an accident.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beeBenefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beebenefit payout option chosen, subject to policy being in force and all due premiums have been paid.

Payouts for dismemberment are typically listed as a percentage of your policy's death benefit, with a certain percentage corresponding to each limb (or combination thereof).

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

As such, it's important to note that one of the major benefits over products that are just investments, is that there is an income tax free death benefit payout to the insurance beneficiary.

In the case that you pass, the policy beneficiaries should file a claim with the insurer, after which point the circumstances of your death will be reviewed and receive the payout (also called a death benefit or the face value of the policy) so long as everything is in order.

Accidental death and dismemberment coverage can also act as a living benefit, as the dismemberment coverage provides a payout if you receive certain injuries in an accident.

A terminal illness rider, also known as an accelerated death benefit rider, offers you the option of receiving a percentage of your policy's payout immediately in the case you're diagnosed with a terminal illness.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

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.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

As with all life insurance coverage, if you die while the policy is in force your beneficiary receives a death benefit payout.

If you are diagnosed as terminally ill with 12 months to live, the rider will allow you to access your death benefit payout in advance.

Instead of taking the Death Benefit of a life insurance policy all at once as a lump sum, it's also possible to receive the policy's payout in regular installments.

This is a more flexible option that allows you to change your premium payments and your payout amount (death benefit) as your life or needs change.

Face Amount — Could also be referred to as the Death Benefit, Policy Value, Payout Amount, Face, or Proceeds.

With the cash refund payout option (also known as the death benefit), you are guaranteed that any principal (premium paid into the contract) not yet returned through income payments will be returned to your beneficiary upon your passing.

If your beneficiaries don't know about the policy, they won't know to claim the death benefit you've been paying for all this time, and having easy access to the policy will help them claim the payout as soon as possible.

If you die during that term, your beneficiaries get a payout, known as the death benefit.

Other riders are available as well for spouses and children, events of disability or critical illness, and additional methods of death benefit payout.

I don't trust him to not change her as the beneficiary so can I have the death benefit assigned to her like a collateral assignment to ensure the payout goes directly to her?

If he dies as a result of a car accident, his beneficiary would receive the $ 500,000 life insurance benefit plus the $ 1 million accidental death benefit for a total payout of $ 1.5 million.

For spouses, this is an excellent option as it allows one to gain death benefit protection in the event of the death of the other while at the same time increasing the monthly pension payout at retirement.

With the Income Provider Option, you have the ability to select a guaranteed income stream of up to 30 years as your death benefit payout.

Should the insured pass away before monthly payout period ends, remaining death benefit is paid to the designated beneficiary as authorized by the owner

As with most whole life policies, you do have access to cash via loans (or policy surrender), though it will affect the long term performance and death benefit payout unless repaid.

Sometimes referred to as joint life insurance, this type of coverage offers death benefit payout either upon the death of the first insured or the death of the second.

In case of death, the benefit can be taken either in lump sum, or in instalments under the Regular Annual Payout option or 50 % in lump sum and 50 % in instalments as per the policyholder's choice.

If your beneficiaries don't know about the policy, they won't know to claim the death benefit you've been paying for all this time, and having easy access to the policy will help them claim the payout as soon as possible.

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.

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requiBenefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requibenefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

The death benefit includes Death Sum Assured, Additional Annual payouts as opted and other Scheduled Annual Paydeath benefit includes Death Sum Assured, Additional Annual payouts as opted and other Scheduled Annual PayDeath Sum Assured, Additional Annual payouts as opted and other Scheduled Annual Ppayouts as opted and other Scheduled Annual PayoutsPayouts.

The cash value aspect of whole life insurance also serves as a forced savings vehicle: Over time the insurer reduces its commitment to cover your death benefit as your cash value grows and eventually becomes big enough to cover the entire death benefit payout.

While mortgage life insurance works in much the same manner as a regular life insurance policy does, with the payout of death benefits upon death of an insured, in many instances, these types of policies will only require a minimal amount of underwriting for approval.

This is a more flexible option that allows you to change your premium payments and your payout amount (death benefit) as your life or needs change.

Accidental death and dismemberment coverage can also act as a living benefit, as the dismemberment coverage provides a payout if you receive certain injuries in an accident.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

A death benefit, also known as the coverage amount, is how much will payout upon the death of the insured person.