Sentences with phrase «policy benefit amount»

You'll be paid whatever your benefit amount is, until the factors listed in the «What is a Policy Benefit Amount» section.

For someone who owns a disability insurance policy, the policy benefit amount is the most familiar feature.

There are many factors that go into your premium rate, including your age, gender, tobacco use, health issues and policy benefit amount.

Not exact matches

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

The following benefits are not subject to the HP Severance Policy, either because they have been previously earned or accrued by the employee or because they are consistent with Company Practices: (i) compensation and benefits earned, accrued, deferred or otherwise provided for employment services rendered on or prior to the date of termination of employment pursuant to bonus, retirement, deferred compensation or other benefit plans, e.g., 401 (k) plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of stock options, stock appreciation rights, restricted stock, restricted stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and (v) benefits and perquisites provided in accordance with the terms of any benefit plan, program or arrangement sponsored by HP or its affiliates that are consistent with Company Practices.

Qualifying chronic illnesses no longer need to be permanent and the maximum amount that can be accelerated has increased to $ 2 million (lifetime maximum for all three benefits combined per policy).

In the event that you die with policy loans outstanding, your insurance company will deduct the unpaid amount plus any accumulated interest from your death benefit.

Specifically, benefits subject to the HP Severance Policy include: (a) separation payments based on a multiplier of salary plus target bonus, or cash amounts payable for the uncompleted portion of employment agreements; (b) any gross - up payments made in connection with severance, retirement or similar payments, including any gross - up payments with respect to excess parachute payments under Section 280G of the Code; (c) the value of any service period credited to a Section 16 officer in excess of the period of service actually provided by such Section 16 officer for purposes of any employee benefit plan; (d) the value of benefits and perquisites that are inconsistent with HP Co.'s practices applicable to one or more groups of HP Co. employees in addition to, or other than, the Section 16 officers («Company Practices»); and (e) the value of any accelerated vesting of any stock options, stock appreciation rights, restricted stock or long - term cash incentives that is inconsistent with Company Practices.

This is known as a partial surrender, which reduces the cash surrender value of the policy and the death benefit amounts.

If you work for a company that does not offer a qualified retirement plan (or does not offer a life insurance option in an existing plan) or if you have already contributed the maximum amount to your qualified retirement plan, a cash value insurance policy can offer some of the tax benefits of a qualified retirement plan.

You can customize a policy by its death benefit amount, term length, and with riders.

Please note that the policy's death benefit and cash value will be reduced by the amount of any loans or withdrawals you take.

The taxable amount would be the the death benefit minus the value of whatever was paid to you, as well as any amount paid in premiums since they acquired the policy.

Cost varies by age and benefit amount with options ranging up to $ 250,000 — not to exceed policy face amount.

When you comparison shop, the death benefit amount that your loved ones would receive and the cost of the policy are the most important factors to consider.

The following benefits are not subject to the HP Severance Policy, either because they have been previously earned or accrued by the employee or because they are consistent with Company Practices: (i) compensation and benefits earned, accrued, deferred or otherwise provided for employment services rendered on or prior to the date of termination of employment pursuant to bonus, retirement, deferred compensation or other benefit plans, e.g., 401 (k) plan distributions, payments pursuant to retirement plans, distributions under deferred compensation plans or payments for accrued benefits such as unused vacation days, and any amounts earned with respect to such compensation and benefits in accordance with the terms of the applicable plan; (ii) payments of prorated portions of bonuses or prorated long - term incentive payments that are consistent with Company Practices; (iii) acceleration of the vesting of stock options, stock appreciation rights, restricted stock, restricted stock units or long - term cash incentives that is consistent with Company Practices; (iv) payments or benefits required to be provided by law; and

This policy brief details how, beyond significant benefits for New York's workers, an increase in New York's minimum wage will entail significant budget savings for New York State and other levels of government — savings well in excess of $ 1 billion, depending on the amount of the wage increase.

That amount was to serve the over 400,000 first - year students who benefited from the Free SHS policy this 2017/2018 academic year.

«By limiting the amounts reimbursable under no - fault law to New York parameters, the regulation eliminates abuses and ensures that policy limit amounts will provide for necessary policyholder benefits and lost wages, while leveling the playing field for New York insurers.»

«If any discouragement exists, it is related more to long - term benefits than to the amount received, a situation we can correct by applying the adequate measures in the area of active employment policies,» he clarifies.

The letter would provide details on the duration of the appointment, the amount and nature of the compensation, any benefits offered, and information on the rights and responsibilities of postdoctoral fellows (or a copy of the university's policy on postdoctoral fellows).

You can purchase a policy that pays a set dollar amount per day for either some period of time or as a continuous lifetime benefit.

The non-forfeiture rider means you will get some amount of the policy benefit — not all, but some — depending what you paid in over time.

«It's all money,» he noted, and «the amount of money that's allocated to public education as opposed to public housing [or] welfare benefits, that's always a public policy issue.»

Given the state's current fiscal climate, it may very well benefit the Silver State to embrace educational choice policies that partially mitigate its financial challenges, even if by modest amounts.

And many higher education groups have collected large amounts of evidence on the educational benefits of diversity in support of affirmative action policies.

The amount of death benefit you choose is also very flexible; you can buy anything from a $ 5,000 policy to a $ 1,000,000 policy or more.

The benefit amount and length determine the cost of your long - term disability policy.

You simply want to know what different policy types, features, and death benefit amounts might cost.

Take your time to compare how different death benefit amounts, policy features, and riders may influence your monthly premium rate.

In this case, the life insurance company would choose the annual benefit amount, based on the size of the policy and her age.

Make comparisons of premium costs for many different policy variations such as the death benefits amount, and optional riders.

Pay taxes on the smaller amount (the premium) rather than the bigger amount (the maternity leave benefit) to make the most of this policy purchase decision.

The property settlement agreement should specify the policy death benefit amount, the type of life insurance policy, what the policy is intended to secure, and who make the premium payments.

The amount at risk to the carrier is always equal to the policy death benefit.

The amount you receive will be greater than the policy's cash value and less than its death benefit.

Use of the accelerated death benefit with permanent policies may increase countable assets if the amount advanced exceeds the cash surrender value.

The policy document has all of the pertinent information about the life insurance policy: the term, the death benefit amount, policyholder details, and so on.

These sample rates depict the annual premium cost for a policy with a $ 5,000 monthly benefit amount, for an applicant in a moderate risk occupation category.

This amount is in addition to the Death Benefit under the Base Policy.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

You will receive only the benefit amount in the policy issued.

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.

The payments you receive are determined by multiplying a payout percentage (fixed at the outset of your policy for specific ages) by the guaranteed benefit amount in your policy.

Guaranteed issue life insurance policies have significantly lower death benefit amounts compared to term or permanent policies.

Your LTD insurance cost also depends on the policy's definition of «total disability», benefit period, monthly benefit amount and elimination period.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

Card benefits, coverage amounts, and eligibility policies will vary from card to card.

Extended Death Benefit Guarantee — 50 % of your policy's face amount is guaranteed as long as your policy is in force