Sentences with phrase «policy rider pays»

This life insurance policy rider pays a death benefit in the event the insured is diagnosed with a terminal illness and has a life expectancy of 12 months or less.

A waiver of premium life insurance policy rider pays your life insurance premiums if you become disabled.

Not exact matches

This rider adds to the cost of your premiums but ensures that you'll receive a portion or the sum of premiums paid if you live past the term of the policy.

The results published on Monday in, «Back on Track,» a policy analysis of the issue, 75 percent of city riders indicated that the city should pay, and 69 percent said they were not opposed to using city sales tax to cover the cost.

Take the money you'll save on the shorter coverage period and buy a shorter waiting period, benefit for home care (as many policies pay out only 50 cents on the dollar for long - term - care at home), and compound - inflation protection riders.

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.

If you buy an accidental death and dismemberment rider, decide whether the likelihood of dying accidentally justifies the insurance premiums you must pay for the policy.

The third number is the claim limit a policy will pay to another party for any property damaged by the policyholder, or rider.

The Rider Sum Assured in addition to the Death Benefit under the Base Policy will be paid to the nominee and the rider will cease to exist.

This is optimal for motorcycle riders who are on a budget and can't afford to pay a policy in whole upfront.

A policy might replace or pay a rider the cash value of their stolen motorcycle, but that could mean an increase in the cost of premiums for a coverage that is already expensive relative to standard motorcycle insurance policies.

If a rider with the same limits injured three people, their policy would only pay up to $ 50,000 for the accident no matter the amount each individual injured person claimed.

Bharti AXA Life Accidental Death Benefit Rider (UIN: 130B008V01): This is a non-linked and regular pay rider that provides 100 % Sum Assured in case of death of the Life Insured due to an accident subject to the rider policy being in force.

This rider adds to the cost of your premiums but ensures that you'll receive a portion or the sum of premiums paid if you live past the term of the policy.

For example, you may have heard of a «return of premium» rider which pays back a percentage of your premiums should you outlive the term of your policy.

Adding a paid up additions rider or paid - up additional insurance rider allows you to make additional monthly or annual payments into your policy to increase the death benefit and cash value.

Many limited pay policies provide long - term care insurance rider and will pay a death benefit, long term care insurance benefit and cash surrender return of premium.

Premium Waiver rider (UIN: 130B005V03): 100 % of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.

Bharti AXA Life Accidental Death Benefit Rider (UIN: 130B008V01): This is a non-linked and regular pay rider that provides 100 % Sum Assured in case of death of the Life Insured due to an accident subject to the rider policy being in - force.

This non-linked and regular pay insurance rider provides 100 % Sum Assured in case of death of the Life Insured due to an accident, subject to the rider policy being in - force.

With the 3 different whole life insurance policies to choose from, including additional enhancements and riders, AUL is sure to have a policy for everyone, including 10 Pay Whole Life, Whole Life to age 121 and Whole Life to age 100.

While a life insurance policy is specifically designed to pay upon death, the long - term care rider will pay should you become critically ill or injured.

The return of premium rider, available for return of premium life insurance policies, and also on certain long - term care policies, disability insurance, etc., will return all of your premiums paid over the life of your policy should the term come to an end or should you wish to surrender the policy.

This rider is also known as paid - up additional insurance and is available on participating whole life insurance policies.

The policy includes an accelerated death benefit rider which will pay you a lump sum if you are diagnosed with a qualifying terminal illness.

Through the use of a term rider, you can add a larger paid - up additions rider to help increase the growth of your whole life policy's cash value.

Flex Pay PUA Rider — Paid - up additions riders allow you to pay additional premium into your policy to purchase additional participating whole life insurance, which increases your death benefit and cash valPay PUA Rider — Paid - up additions riders allow you to pay additional premium into your policy to purchase additional participating whole life insurance, which increases your death benefit and cash valpay additional premium into your policy to purchase additional participating whole life insurance, which increases your death benefit and cash value.

The Legalese A life insurance policy with a critical illness rider will pay out a lump - sum benefit to the insured if they are diagnosed with a covered critical condition (such as cancer, stroke, or a coma).

Value Enhancement Rider: The VER is a whole life insurance rider that allows you to add additional single or periodic premium payments to your policy to purchase paid up additions, increasing your death benefit and cash value.

Luckily, she paid for a critical illness rider on her life insurance policy, which gave her enough money to cover her hospital bills and buy a new bike.

And here is an illustration of a properly designed 10 pay whole life policy for a 4 yo boy with a guaranteed insurability rider with an A + rated carrier focused on cash value growth.

In the event that you require long - term medical care in old age that your health insurance policy won't pay for, such as nursing home costs or at - home care, a long term care rider on your whole life insurance policy will cover the costs.

Luckily, the long - term care rider on her life insurance policy provides the money to pay for her care, allowing her family to focus on providing for Nikki's emotional needs, not her economic ones.

However, parts of East Hartford are included in FEMA flood plains, and that may require locals to pay more for a homeowner's policy or even take out an additional endorsement or rider for flood coverage.

Other topics include credit car rental car coverage, how to add «riders» to policies, the privacy implications of «pay - as - you - drive» insurance, increased FDIC deposit insurance, rental insurance and news of a new insurance web site created by Consumer Action.

An added rider to some life insurance policies that pays upon the named insured's death, but only if that death is caused by an accident.

However, many permanent policies have a sizeable amount of cash value accumulation, particularly policies that employ the use of a paid up additions rider for reinvesting life insurance policy dividends.

MoneyGuard is a limited pay universal life insurance policy with long - term care reimbursement rider.

Note: Go over your policy with your agent and make sure your policy includes all the bells and whistles you originally applied for, including any paid up addition riders or life insurance supplement riders.

Specific cash value whole life policies typically feature paid - up additions riders, which allow you to add cash to the account if you like.

Finally, long - term care riders are optional provisions you can add to your policy that allow you to access funds to pay for long - term care services.

Child riders insure child up to maximum age (typically 23 - 25 years old), or until the parent stops paying the premium, or until the parent's term policy is up, or until the parent turns 65, whichever comes first.

An accident death benefit rider pays out an additional death benefit to the beneficiary (that's above the current benefit limit of the policy) if you should die as a result of an accident.

The rider provides the ability for you to obtain a monthly benefit by accelerating the policy's death benefit to pay for qualified long - term care expenses if your are diagnosed with a qualifying chronic illness.

You still have the safety and consistency that comes from a cash value life policy, but you can give it a shot of adrenaline by using the paid up additions rider.

You can include a paid - up additions rider in your policy, which allows you to make purchases of paid - up additional insurance with no proof of insurability, increasing the cash value and death benefit proportionately.

You are allowed to continually add to your policy in addition to your normal premium through vehicles known as life insurance supplement riders, additional life insurance riders, or paid up additions.

If you are getting an insurance policy, it is in your best interest to investigate how much more you will be paying to get a waiver of premium rider.

Additional paid in full whole life insurance using policy dividends is separate from the paid - up additions rider.

Paid Up Additions Rider DEFINITION: A rider that allows the owner of the policy to make additional contributions to the life insurance policy, resulting in the addition of paid up life insuraPaid Up Additions Rider DEFINITION: A rider that allows the owner of the policy to make additional contributions to the life insurance policy, resulting in the addition of paid up life insurapaid up life insurance.