Term life offers coverage for a set period of time and then expires, and
pays a death benefit to beneficiaries if the policyholder dies while the policy is in effect.
This kind of policy
pays a death benefit to your beneficiaries if you pass away before the term expires.
The Insurance Company — issues the policy and is responsible for
paying the death benefit to the beneficiaries if the insured dies while the policy is in force
Due to the set time frame of term life insurance, the policy will only
pay a death benefit to the beneficiary if the insured's death occurs while the policy is in - force.
They both offer different term periods (e.g. 10 years, 20 years) and
both pay a death benefit to your beneficiary if you die during the term period.
Life insurance with fixed term coverage will
pay a death benefit to your beneficiaries if you die within the term of your policy.
Act of war exclusions protect insurance companies from having to
pay death benefits to beneficiaries if the insured person dies as an act of war.
Not exact matches
If you were
to die before
paying back your policy loan, the loan balance plus interest accrued is taken out of the
death benefit given
to your
beneficiaries.
If you die, but not because of an accident (e.g. cancer), within the first two years, the
death benefit will not be
paid out, however, all your
paid premiums plus a little interest will be
paid to your
beneficiaries.
With a guaranteed issue life insurance policy,
if you die because of an accident (e.g. a car crash) within the first two years, the full
death benefit will be
paid to your
beneficiaries.
If you die by any means after the first two years, the full
death benefit amount will be
paid to your
beneficiaries.
If you do designate your child as your
beneficiary, when the insurer
pays out, the
death benefit will go
to a trust overseen by a court - appointed guardian, who will hold onto the money until the child reaches the «age of majority.»
If your
beneficiary tries
to claim the
death benefit and the insurer finds out you died from a previously undisclosed alligator - wrestling avocation, the insurer could recalculate your premiums
to the amount it believes you should have been
paying and subtract that amount from the payout.
If the insured dies within this term (10, 15, 20, 25, 30, or 35 years), the life insurance company
pays a lump sum
death benefit to the policy's
beneficiaries.
If you pass away during this period of time, the insurer wouldn't
pay the full
death benefit to your
beneficiary.
Another reason
to pay back the policy loan is that the total outstanding balance would be deducted from the
death benefit your
beneficiaries received
if you passed away.
If you haven't been keeping up with your insurance premiums, your insurer will not
pay out the
death benefit to your
beneficiaries when you die, rendering the whole thing useless.
Take life insurance as an example: you
pay for a policy, and
if you die during the term then that money (the
death benefit) goes
to the person you named as your
beneficiary on the policy.
Term life insurance
pays a
death benefit to the policy
beneficiary if the policyholder dies within the term of the policy.
Term life insurance policies are temporary and only
pay out a
death benefit to the
beneficiary if the policyholder dies within the term of the policy.
Life insurance companies
pay a
death benefit (sometimes in the millions)
to the
beneficiaries of an insured
if they die.
You choose a
death benefit and
pay a premium for a certain «term» and
if you die during the «term» the insurer
pays out the
death benefit to your named
beneficiary.
With a life insurance policy,
if the insured person dies, the life insurance company will
pay out a
death benefit to the
beneficiaries.
If you die before you
pay the loan back, the balance is subtracted from the
death benefits that go
to your
beneficiary.
Parents will often request
to have their life insurance
death benefit paid in installments
if their
beneficiary is a young child or someone dependent on their income.
If you die during the first two years, the
death benefit paid to your
beneficiaries generally will be the amount you
paid in premiums plus interest, although some companies will
pay the full face amount for accidental
death.
If your grandmother has also passed and there are no other named
beneficiaries, then the
death benefit will be
paid to your uncle's estate.
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.&r
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.
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.&r
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, 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.&r
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.»
Or,
if you prefer, you can preselect how the
death benefit will be
paid to your
beneficiaries (available with nonqualified and IRA contracts only).
The insurance company will
pay the
death benefit to your named
beneficiary if you die while your policy is in effect.
With a guaranteed issue life insurance policy,
if you die because of an accident (e.g. a car crash) within the first two years, the full
death benefit will be
paid to your
beneficiaries.
If you die, the policy
pays out a lump sum
death benefit to your
beneficiary.
Back in the day, any form of flying was considered extremely hazardous and most life insurance companies would either force the applicant
to pay an exorbitant amount or they would add an aviation exclusion clause
to the policy, in other words,
if you died as the result of a plane crash, your
beneficiaries wouldn't receive the
death benefit.
The repayments that you then make
to your life insurance policy will usually have a low rate of interest — and,
if you do not end up
paying back these funds, the amount of the unpaid balance will be deducted from the
death benefit that your
beneficiary receives.
If you die within that specific period of time, the life insurance carrier
pays a
death benefit to your
beneficiaries.
If you have an outstanding loan on your whole life insurance policy when you die, the
death benefit that is
paid out
to your
beneficiary (or
beneficiaries) will be reduced by the unpaid amount of..
An accident
death benefit rider
pays out an additional
death benefit to the
beneficiary (that's above the current
benefit limit of the policy)
if you should die as a result of an accident.
If the policyowner dies while the policy remains in effect, the
death benefit is
paid out
to the listed
beneficiary or
beneficiaries, while the cash value becomes the property of the insurance company.
For life insurance policies that
pay death benefits in the form of a lifetime payout, the portion of the payout that is not subject
to tax
if the policy has no refund provision or stated time period guarantee which is determined by dividing the amount of the
death benefit by the life expectancy of the
beneficiary.
If the insured dies early in the policy's life, the death benefit paid to beneficiaries will be much lower than would be the case if option A was chose
If the insured dies early in the policy's life, the
death benefit paid to beneficiaries will be much lower than would be the case
if option A was chose
if option A was chosen.
Therefore,
if you don't have a named life insurance
beneficiary, or they're deceased, your family may never receive the
death benefit you
paid to have in place.
If the policyholder dies while the policy is in force, the coverage amount (grimly called a «
death benefit») is
paid out in one tax - free lump sum
to the
beneficiaries named in the policy.
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.
If the policyholder outlives the term of the policy, no
death benefit is
paid to their
beneficiaries.
If you die while the policy is in effect, then the insurer
pays the full
death benefit to whomever you've named as the
beneficiary.
If the policyholder dies within the term of the policy — and the policyholder has
paid the premiums and the policy is in good standing — the insurance provider will
pay a
death benefit to policy's named
beneficiaries.
Aside from certain exceptions,
if you die while your policy is in force, your insurer will
pay out a
death benefit to your
beneficiaries.
If you die during the policy term, the policy
pays out the predetermined sum of money (or
death benefit)
to your named
beneficiary (ies) as long as you continued
to pay your premiums on time.
So, even
if the entire
death benefit is advanced due
to long term care needs, the policy will still
pay a lump sum
death benefit to your
beneficiary when you die.
It's important
to note
if you take out a loan on your whole life insurance policy and die while the loan is out, the
death benefit may be used
to pay back the outstanding amount, meaning your
beneficiaries won't get the full amount.