Sentences with phrase «policy face amount payout»

Not exact matches

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

This payout is subtracted for the policy's face amount.

Face Amount — Could also be referred to as the Death Benefit, Policy Value, Payout Amount, Face, or Proceeds.

Like «period certain» payouts, «amount certain» benefits pay out in equal amounts until the face value of the original policy has been exhausted.

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.

These plan types are the most expensive because the carriers know there will someday be a death benefit payout for the policies face amount.

A relatively new type of payout, some carriers have begun offering beneficiaries a checkbook linked to the face amount of the policy.

Getting a payout in installments means that it takes longer to get the full face amount, but because the carrier can hold on to a portion of your money for longer, they add interest to the policy's value, like a bank.

The payout amounts will vary from one provider to the next and may be a percentage of the face value of the policy or the premiums already paid plus a specified interest rate on that money (anywhere from five to 20 percent in some cases).

During this time, if you face any unfortunate event, then the policy continues in your absence and your child receives the amount he is eligible for, at the time of payouts as decided by you.