Sentences with phrase «policy death benefits payable»

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If you are the beneficiary, the death benefits remain payable indefinitely provided the owner did not allow the policy to lapse, or cash it in before he or she passed away.

It is also clarified that if the Accident occurs during the Policy Term and the death due to the said Accident happens after the expiry of the Policy Term (but within 120 days from the date of Accident), Death benefit will be paydeath due to the said Accident happens after the expiry of the Policy Term (but within 120 days from the date of Accident), Death benefit will be payDeath benefit will be payable.

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.

Death Benefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custDeath Benefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the cuBenefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custdeath, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custdeath benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the cubenefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custdeath benefit option selected by the cubenefit option selected by the customer.

This insurance policy death benefit is payable to the company providing owners with the financial flexibility needed to hire a replacement.

Subject to the Policy being in force, as on the date of death, the death benefit payable under the product will be Higher of: 1.

In case of unfortunate event of death of the Life Insured during the Policy Term, the following benefits will be payable to the Claimant, subject to Policy being in force.

If the proposed insured or family can make / afford a single premium payment (single lifetime payment for the policy) they can have an immediate death benefit payable in month 7 of the policy!

The definition of life insurance death benefit is the amount of money payable to the beneficiary or beneficiaries listed on a life insurance policy upon the death of the insured, minus any policy loans.

In the event of death of the Life Insured during the Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on ddeath of the Life Insured during the Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on Policy Term, subject to the policy being in force, the Death Benefit payable shall be equal to the Sum Assured on policy being in force, the Death Benefit payable shall be equal to the Sum Assured on dDeath Benefit payable shall be equal to the Sum Assured on deathdeath.

You can also borrow the funds or take a loan out against the cash accumulation portion, although this canreduce the amount of death benefits payable from the policy.

Under the second variant, a death benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your Benefit at the conclusion of the Term of your policy.

If you borrow against an existing policy to pay premiums on a new policy, death benefits payable under your existing policy will be reduced by the amount of any unpaid loan, including unpaid interest.

Unpaid loans will reduce the cash value and death benefit payable, and if the policy lapses with a loan outstanding, it will be treated as a distribution and may be subject to income tax.

Eclipse Survivor Indexed UL — This type of policy gives coverage to 2 people and the death benefits become payable when the second one of the parties dies.

Terminal illness benefit is a one - time acceleration of up to 50 percent of the death benefit proceeds payable under the base policy, not to exceed $ 250,000.

If you're not completely sure what term insurance means, then to put it simply, it is a life insurance which solely covers death benefits and which is only payable if you die during the life of the policy.

The amount of death benefit payable is determined by the terms of the policy or contract and any riders.

• Accidental Death Benefit Rider — If you should die as a result of a covered accident, additional death benefits are payable equivalent to the face value of the policy (minimum amount must be $ 25,000) and will be payable to a maximum of $ 250Death Benefit Rider — If you should die as a result of a covered accident, additional death benefits are payable equivalent to the face value of the policy (minimum amount must be $ 25,000) and will be payable to a maximum of $ 250death benefits are payable equivalent to the face value of the policy (minimum amount must be $ 25,000) and will be payable to a maximum of $ 250,000.

The death benefit would be payable to the nominee which has been specified in the policy.

Death Benefit Life insurance policy proceeds payable to the beneficiary upon proof of the insured's dDeath Benefit Life insurance policy proceeds payable to the beneficiary upon proof of the insured's deathdeath.

This rider enables your spouse, if he or she is the sole primary beneficiary, to continue your policy upon your death as the new owner, at a potentially higher policy value that includes any amount that would be payable under the Enhanced Beneficiary Benefit Rider.

LTCSO allows the owner of the AAFMAA policy the option of converting the death benefit on an eligible insured life — normally payable only upon the death of the insured — into regular periodic payments prior to death, specifically to defray the cost of nursing home, custodial or home health care for the insured.

Note that this is not necessarily the same as the actual death benefit payable Please refer to your policy's terms and conditions for additional information on the factors that may increase or decrease the actual death benefit payable, which may include loans taken or additional coverage purchased.

In case of Joint Lives, Sum Assured is paid on death of first life and policy stands cancelled and no further benefits are payable.

«Second to die» policies like these make death benefits payable after the death of the surviving spouse.

Often, even if you've had trouble obtaining traditional life insurance due to health reasons, you will qualify for a mortgage term policy although the benefit may not be payable if death occurs within the first two years.

In the event of the key employee's death, the policy's death benefit is payable to the company which can be used to provide continued supplemental benefits or to provide a lump sum benefit to the executive's named beneficiary.

You can also borrow the funds or take a loan out against the cash accumulation portion, although this canreduce the amount of death benefits payable from the policy.

Policy continuance Benefit — in case of eventuality one can get lump sum benefit immediately on death to ensure financial security or can get future premiums waived off and ensure all other benefits are payable to the benefBenefit — in case of eventuality one can get lump sum benefit immediately on death to ensure financial security or can get future premiums waived off and ensure all other benefits are payable to the benefbenefit immediately on death to ensure financial security or can get future premiums waived off and ensure all other benefits are payable to the beneficiary.

Provides the benefit of waiver of all future premiums payable under the base Life Insurance Policy on the earlier occurrence of Untimely Death, Accidental Permanent Total Disability or Critical Illness.

The Additional Death Benefit is calculated by adding up the discounted value of the money - back benefits payable in the last 4 years of the policy and the inbuilt Family Income Benefit

Thus, if the Life Insured dies within the policy tenure, the death benefit is payable to the nominee and nothing is payable on the maturity of the policy.

Death Benefit: During the policy term if the unfortunate death of the life assured happens then the sum assured will be payDeath Benefit: During the policy term if the unfortunate death of the life assured happens then the sum assured will be paydeath of the life assured happens then the sum assured will be payable.

With North American Life Insurance Company's Custom Guarantee universal life insurance policy, an insured has the ability to have guaranteed death benefit protection up to his or her age 120, with no premiums payable after age 100.

Death Benefit: In case of the demise of the insured person the beneficiary of policy LC Jeevan Anand is payable of total sum assured amount along with the simple reversionary bonus and the tenure of the policy continues to be inforce.

The guaranteed death benefit is not payable in case the life insured (whether sane or insane) commits suicide within 12 months from the date of policy commencement.

It is the benefit payable to the beneficiary on the event of the death of the life assured under the terms of the policy.

If your policy was issued after 8/16/2006, the life insurance death benefit on the life of a company employee payable to policy owner / employer can be subjected to income taxes.

An acceleration life insurance policy makes a portion of the death benefit (usually 25 %) payable to the insured for a specified medical condition prior to death.

An Accelerated Death Benefit, may also be known as Accelerated Life Insurance Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to dDeath Benefit, may also be known as Accelerated Life Insurance Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior toBenefit, may also be known as Accelerated Life Insurance Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to Policy, under which part of the death benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to ddeath benefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior tobenefit of your life insurance policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to policy (usually 25 % or more) becomes payable to the policy owner for a specific medical condition prior to policy owner for a specific medical condition prior to deathdeath.

The death benefits which are payable under your policy can not be taxed!

When there is «gap,» or difference, between the cash value of the policy and the death benefit payable under the policy, this difference is the «net amount at risk» since it represents an amount of money that the insurer needs to pay with money that the policy has not yet earned.

The company's Simplified Life is a graded death benefit whole life insurance policy is issued to those aged 50 — 80, providing death benefits from $ 2,500 to $ 25,000, level premiums guaranteed never to increase and a full death benefit payable after two policy years.

Accelerated death benefit — allows the terminally ill policy holder to collect some or all of payable benefits while still alive.

The clause in the Insurance Contract that defines that no death benefits will be payable by the Insurer, in case the Insured commits suicide during a specified initial period, usually in the first year of the policy.

Keep in mind that taking money from your policy immediately reduces both the cash value and the death benefit payable, and can cause the need for more premiums to be paid into the policy in the future.

Unpaid loans will reduce the cash value and death benefit payable, and if the policy lapses with a loan outstanding, it will be treated as a distribution and may be subject to income tax.

Any sum received other than as death benefit under an insurance policy which has been issued on or after April 1 2003 and if the premium payable in any of the years during the term of the policy does not exceed 20 % of the sum assured.

With both life insurance and key man life, there is a policy owner who makes premium payments to a life insurance company for the guarantee a specified amount of money, referred to as the death benefit, will be payable to the beneficiary.