Sentences with phrase «payouts for terminal illness»

Other benefits include guaranteed coverage, family options, additional payments for covered accident - related claims and early payouts for terminal illness.

Not exact matches

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 requirements.

While some of the critical illnesses may be considered terminal (like cancer) it doesn't mean they have to be for you to get the payout.

Riders either are included or can be added for a fee such as the disability income rider, long term care riders either providing cash or the ability to take withdrawals prior to death free of taxes, or accelerated death benefit that allows payouts prior to death in the event of a terminal illness.

For example, a few insurers accelerate the payout in case the insured is diagnosed with a terminal illness.