Sentences with phrase «pays higher death benefits»

In addition, most insurers will pay a higher death benefit if you passed away while a fare - paying passenger in a «common carrier» accident.

Not exact matches

If you're married, you usually have the option to elect a higher retirement benefit paid over your lifetime, or a smaller benefit that transfers to your spouse after your death.

The Death and Life of the Great American School System BY DIANE RAVITCH BASIC BOOKS, 283 PAGES, $ 26.95 Catholic schools reap one benefit from poverty,» the high - school principal hiring me commented ruefully (I'd just glimpsed my pay package).

The idea is that a person may need a higher death benefit earlier in life (as they're paying off their home, raising children, etc.) than they do as they get older.

Globe Life only offers coverage with no medical exam so, if you're healthy, you'll pay higher rates for the same death benefit than you would at an insurer with full underwriting.

Death Benefit — When the policyholder dies the beneficiary receives the Base Sum Assured or 10 times the annual premium and accrued bonuses or 105 % of all premiums paid till the death, whichever is hiDeath Benefit — When the policyholder dies the beneficiary receives the Base Sum Assured or 10 times the annual premium and accrued bonuses or 105 % of all premiums paid till the death, whichever is hideath, whichever is higher.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

A) Both policyowners would need to pay extremely high premiums to make up for the money the life insurance company would lose in death benefit payouts, or B) the life insurance company would go bankrupt with both policyowners paying such low premiums and then no families would receive death benefits.

In addition, Northwestern Mutual offers the option of paying a higher premium to guarantee the death benefit, an option that's not standard for most variable universal policies.

A graded death benefit policy has quite high premiums and for the first couple of years the death benefit is equal to the premiums paid (or sometime double the premiums paid).

Colonial Penn's term and whole life insurance products don't require a medical exam and have a maximum death benefit of $ 50,000, meaning you'll typically pay higher premiums and won't be able to purchase a greater amount of coverage should your financial needs change.

We recommend a low death benefit (lower cost) and high paid up additions.

First, they pay out the death benefit on a graded basis, and second, they charge a higher premium than alternate policies.

Death Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesDeath Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesdeath of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesdeath will be paid to the nominee which is highest of:

Due to the way these policies are set up, consumers can decide when to pay higher premiums for a higher death benefit within certain limits.

Mutual of Omaha makes up for it by including high benefits for the accelerated death benefit, which allows you to take money out of your policy to pay for charges related to a terminal illness.

If the death benefit is significantly higher than what you are being offered, it might be best to hold on to the policy unless you absolutely need the funds and can no longer pay the premiums.

Death benefit amount: Highest of Base sum assured, Maturity sum assured or 105 % of all the premiums paid

Death benefit amount: Higher of basic sum assured + guaranteed additions, 10 X annualized premium and 105 % of premiums paid

Should you die while the policy is in force, your beneficiaries will receive not only your the initial face value as a death benefit, but also it's common for dividends to buy additional insurance by way of what are called «paid up additions», so the death benefit could actually be higher than the face value at the purchase of the policy.

Yes, if the insured passes away, then the company pays a death benefit, but this is a fairly rare occurrence due to the high lapse rates.

Along with a much higher premium, your policy would pay out no death benefit if you died within the first two years.

However, if the policy does not meet expectations then the owner would have to pay a higher premium and / or reduce the death benefit, or the coverage may lapse prematurely.

When this happens, your options for life insurance may be limited to high risk coverage at expensive rates or final expense insurance, also called funeral coverage, which has limited benefits and pays to a third party after your death.

That means we can help them get a policy that pays its full death benefit from day one, and they will pay a monthly premium that is no higher than what a marathon runner would pay.

If you deal with any of the below conditions, you will have to pay a higher premium and likely have to endure a reduced death benefit during the first two years.

The death benefit that is paid to your beneficiaries can be adjusted higher or lower as defined in the policy without having to buy a new contract.5

When clients use some of their assets to purchase a life insurance policy, they secure a death benefit amount higher than the amount of premiums paid right away.

The cost of insurance for the renewable term element inside a universal life insurance policy can be high in later years, but some companies reduce the cost of insurance by paying the death benefit to beneficiaries over an extended period of 30 years.

The further out the age, the higher the monthly premium will be, but it's also a higher probability that the death benefit will pay out.

The higher that likelihood, the higher the chance the death benefit will be paid out and consequently, the higher the premium.

Because of the typically higher premium cost and the smaller amount of coverage, you could end up paying more for your premiums over time than your beneficiary will see in the resulting death benefits.

A graded death benefit policy has quite high premiums and for the first couple of years the death benefit is equal to the premiums paid (or sometime double the premiums paid).

If the death benefit is significantly higher than what you are being offered, it might be best to hold on to the policy unless you absolutely need the funds and can no longer pay the premiums.

Also, if pass away, your beneficiaries are still paid the policy's face value — just like a standard term life insurance policy — but with the ROP rider your have paid higher premiums for the same death benefit.

In the event that your investments are unable to fund your policy; you will be undoubtedly have to pay a higher premium, in order to maintain your desired death benefit.

One of the highest - profile cases of an insurer refusing to pay a death benefit claim involved television correspondent David Bloom.

The death benefit payable will be higher of 5, 7 or 10 times of the annual premium depending on the age and the tenure or 105 % of aggregate premiums paid until death or the Death Sum Assured or the Maturity Sum Assdeath benefit payable will be higher of 5, 7 or 10 times of the annual premium depending on the age and the tenure or 105 % of aggregate premiums paid until death or the Death Sum Assured or the Maturity Sum Assdeath or the Death Sum Assured or the Maturity Sum AssDeath Sum Assured or the Maturity Sum Assured.

That means more premiums paid and, for the 20 percent of joint policies that are made up of term life insurance, a higher chance that the death benefit won't be paid out at all (because the policies will expire before the policyholders do).

In addition to a higher monthly premium, your policy will not pay out a death benefit if you pass during the first two years.

On death before the vesting period, higher of the fund value or 105 % of premiums paid till the date of death is paid to the nominee who can either avail the death benefit in lump sum or avail annuity from it.

In case of death of the insured during the tenure of the plan, the death benefit payable will be higher of 10 times the annual premium or 105 % of all premiums paid till death or the Maturity Sum Assured.

Alternatively, the nominee can also avail the Cash Value of the death benefit before the end of the term in which case the benefit will be higher of 10 times the annual premium paid or 105 % of all premiums paid discounted @ 10 %

On death of the insured a death benefit will be paid which will be higher of the aggregate premiums paid compounded @ 1 % including the accrued Guaranteed Additions and bonuses or 105 % of all premiums paid till death.

The Guaranteed Death Benefit is defined as higher of 11 times the annual premium or 105 % of the total premiums paid till the date of death or the Guaranteed Maturity Sum Assured chosen at the time of inception of the Death Benefit is defined as higher of 11 times the annual premium or 105 % of the total premiums paid till the date of death or the Guaranteed Maturity Sum Assured chosen at the time of inception of the death or the Guaranteed Maturity Sum Assured chosen at the time of inception of the plan.

On death higher of 125 % or 110 % of the Single Premium paid depending on the age of the policyholder or the Guaranteed Maturity Benefit is paid

In the event of death the death benefit will be higher of Sum Assured payable on maturity or 11 times the premium or the basic Sum Assured or 105 % of total premiums paid till the policyholder died

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.

In case of death of the insured during the tenure of the plan, the Death Benefit is paid which is higher of the Sum Assured or 10 times the annual premium paid or 105 % of total premiums paid till the date of death or the maturity Sum Asdeath of the insured during the tenure of the plan, the Death Benefit is paid which is higher of the Sum Assured or 10 times the annual premium paid or 105 % of total premiums paid till the date of death or the maturity Sum AsDeath Benefit is paid which is higher of the Sum Assured or 10 times the annual premium paid or 105 % of total premiums paid till the date of death or the maturity Sum Asdeath or the maturity Sum Assured

In case of death of the insured during the tenure of the plan, the death benefit will be payable which will be higher of the Sum Assured or 10/7 times the annual premium paid depending on the age of the policyholder or 105 % of all premiums paid till the date of death.