Sentences with phrase «policy payout if»

With a whole, also called permanent, life insurance policy, you are allowed to name one or more beneficiaries who will collect the policy payout if you die.

The beneficiary receives the policy payout if you die.

Not exact matches

AD&D insurance is similar to a life insurance policy in that both offer a death benefit, but your beneficiary wouldn't receive a payout if you died due to an illness.

A company with a long dividend growth history is an insurance policy of sorts because a company can not really grow dividend payouts for two decades if there is sweeping fraud taking place (where would a fraudulent company come up with the money to make the dividend payments?).

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.

For example, if you purchased a 20 - year $ 500,000 level term policy, should you die at any point during the 20 year term due to a covered event (and have paid all premiums) the beneficiary would receive a $ 500,000 payout.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

«They carried out their own calculation and found out that it would have received an insurance payout of more than 17 million yuan ($ 2.7 million) if the insurance policy had been in place in 2011.»

If an insurance salesperson tried to sell you on a policy with such - and - such a payout, for example, would you immediately say, «Hell yes, sign me up!»?

If the policyholder dies within the predetermined term, the policy beneficiary will receive a payout.

If you have a life insurance policy, a payout of the death benefit is preceded by a claim providing a death certificate.

Your payment is fixed for the entire length of the policy and the amount of the payout to your loved ones — if you were to die within the term — is fixed when you buy the policy.

AD&D insurance is similar to a life insurance policy in that both offer a death benefit, but your beneficiary wouldn't receive a payout if you died due to an illness.

If it is discovered that you lied to get your policy, the insurance company can reduce or even completely deny any payout to your beneficiaries.

With hybrid long - term care life insurance policies you get a death benefit payout along with the option to use the policy if you are faced with the need for qualifying long - term care services.

However, if you purchased a decreasing term policy, the payout would change depending upon how long the coverage was in - force.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

If these companies continue these policies at the same rates and continue to earn 10 % of their value during Year 2, investors holding shares of ABC will see even greater dividend payouts, earning $ 10.50 per share ($ 1.05 B x 10 % = $ 105M, $ 105M / 2 = $ 52.5 M, $ 52.5 M / 5M = $ 10.50) at the end of Year 2 for a dividend yield of 10.5 %.

Which means that if the insured person dies within the first two years of the policy, the company will pay 110 % of premiums paid, but not the payout of the policy.

If you are the beneficiary of a life insurance policy, you typically have two options for receiving your payout: in a lump sum or in installments.

Generally speaking, if your beneficiaries receive a payout, they won't owe taxes — whether it's a permanent or term policy.

If you aren't aware of the exclusions in your life insurance policy, your family could be left without a life insurance payout.

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.

As with all life insurance coverage, if you die while the policy is in force your beneficiary receives a death benefit payout.

If you still have family members that rely on your income every month, then these plans will not be large enough for you and your family, you will need to buy a traditional insurance policy with a bigger payout.

You might be able to buy a policy with a lower payout if you have enough other assets, insurance policies or your family will have other sources of income if you die.

For example, some policies state that if the policyholder does not die as a result of the accident and instead loses a limb, he / she will only receive a 50 % benefit payout, while losing two or more limbs would result in a full benefit payment.

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.

However, if you are still alive when the policy matures, you're guaranteed a payout, called an endowment, that you can use to pay for a child's college education, retirement, or other expenses.

If you die before the policy's end date, your beneficiary will receive the payout as a death benefit.

If you are the named beneficiary of a spouse's life insurance policy and their death causes financial loss to you and your family, then you will likely receive the financial payout of their life insurance policy.

If you write the policy in trust, the payout will go directly to your partner.

Separately, anyone who already has an existing PPI policy in place (i.e. taken out before the 29 August 2017 deadline trigger) who later makes a claim on that policy for a payout (eg, if you become unemployed and claim for cover), if they then find the firm rejects their claim and they want to dispute it on grounds of a mis - sale, the deadline WO N'T apply.

If you die, whoever you named beneficiary on your life insurance policy will get the death benefit or payout.

With term life insurance, however, your beneficiaries will not receive a payout if you die after your policy has expired.

A life insurance policy is a contract between you and an insurance company that provides your named beneficiaries with a death benefit payout upon your death (if your policy is in good standing).

If you are dishonest about any health conditions that you have and you're accepted for coverage without disclosing that information, there is a chance that the insurance company could refuse to payout on the policy.

However, if you think you might need an early payoff (available in some policies, you get a reduced payout upon confirmation of a terminal illness) then you might want more coverage here.

If your comprehensive policy covers the whole amount of your loan, or your comprehensive insurer rejects your claim, you won't receive a payout from your gap insurer.

As an example, if you pass away and your will states you want your life insurance payout to go to your daughter, but your life insurance policy states your ex-spouse as your beneficiary, the payout will be going to your ex-spouse.

Despite an impressive - sounding payout, a $ 1 million policy will probably not go as far as you think if you need to replace a breadwinner's income for 10 to 15 years.

A payout this small is best suited to a term life insurance policy, or if you are older, a final expense policy, which is usually a whole life product, may be ideal.

If you don't end up needing money for long - term care, your loved ones can still receive a payout from your life insurance policy when you die.

If your beneficiaries don't know about the policy, they won't know to claim the death benefit you've been paying for all this time, and having easy access to the policy will help them claim the payout as soon as possible.

Is it just due to other policy holders investing, they would still need to pay out the cash eventually plus larger payouts if someone were to die.

It's important to get the dwelling coverage right, and to monitor it over time to make sure it's keeping up with construction costs — under most homeowners policies, if you file a claim and are found to have been under insuring your home, your payout maybe reduced.

During the first two years of the policy, known as the contestability period, the carrier can dispute a payout if there's suspected fraud.

The travel insurance market is extremely price competitive — shop around but if you're shopping primarily on price, read the policies very carefully and watch out for exclusions and limited payouts.

Additionally, most theft policies give a museum the right to buy back the work from the insurer — for the amount of the insurance claim — if it is recovered after an insurance payout has been made.

Taking that analogy a bit further — would you take out a fire insurance policy if the premiums would cost far more than the value of your house, and that the payout would only be about 5 % of your house value?