Sentences with phrase «policyholder death benefit guarantees»

But a third category of investment that also showed an increase in Canadian confidence are segregated funds — a type of investment fund administered by Canadian insurance companies that give policyholder death benefit guarantees.

Not exact matches

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

In addition to providing a guaranteed death benefit for life, typically with guaranteed level premiums for life, whole life policies develop significant guaranteed cash values over time which the policyholder can access.

• Allows policyholder to lock in a guaranteed death benefit for specific time required for coverage • Provides a guaranteed tax free death benefit for beneficiaries • Provides a vehicle to pass along wealth to children or grandchildren • May be used to cover estate taxes, fees and outstanding medical bills • May be set up as a charitable trust • May be used for cash value accumulation • Ideal for a Buy / Sell Agreement • Provides a policy which is both flexible and affordable

Similar to all cash value contracts, the death benefit is guaranteed at some point when the policyholder dies.

With this coverage, policyholders are allowed to select the coverage amount, how long they want to pay premiums and the duration of the death benefit guarantee.

In addition to providing a guaranteed death benefit for life, typically with guaranteed level premiums for life, whole life policies develop significant guaranteed cash values over time which the policyholder can access.

Some companies allow the policyholder to pay an extra premium to be liable to a guaranteed death benefit.

As neither the cash value nor the death benefit is predetermined or guaranteed, the policyholder bears the risk of a poor fund performance which results in the decreased amount of the death benefit and the cash value and the increased premiums the insured has to pay to keep the policy in effect.

On death of the policyholder, an amount which will be higher of the fund value as on the date of death or the Guaranteed Death Benefit is payable to the nomdeath of the policyholder, an amount which will be higher of the fund value as on the date of death or the Guaranteed Death Benefit is payable to the nomdeath or the Guaranteed Death Benefit is payable to the nomDeath Benefit is payable to the nominee.

Under the added paid - up options the policyholders are allowed to get their paid - up additions using their bonuses which would accumulate in their plan making this plan an additional guaranteed assured - sum which is paid as maturity or death benefits.

Max Life Partner Care Rider is available under the plan which guarantees retirement benefits for the spouse in case of the policyholder's death

Yes, the beneficiary will receive the guaranteed death benefit in case the policyholder commits suicide.

On death higher of 125 % or 110 % of the Single Premium paid depending on the age of the policyholder or the Guaranteed Maturity Benefit is paid

On death of the policyholder, Guaranteed Death Benefit + accrued Paid up Additions + Terminal Bonus, if any isdeath of the policyholder, Guaranteed Death Benefit + accrued Paid up Additions + Terminal Bonus, if any isDeath Benefit + accrued Paid up Additions + Terminal Bonus, if any is paid

So, if a policyholder had purchased a Colony Term universal life 10 policy, and then they decided five years after purchasing it that they wanted to have coverage for the remainder of their lifetime, then the coverage extension feature would have allowed the insured to extend the death benefit protection guarantee to either age 90, age 100, or 105 — and, this could occur without the need for the insured to provide evidence of insurability.

In addition to higher premiums, insurance companies that issue guaranteed life policies protect themselves against risk in two additional ways: (1) by offering relatively low payouts, and (2) by typically not providing a death benefit during the first two years after issuing the policy (if the policyholder dies during this time, the company issues a refund of premiums instead).

Depending on the guaranteed life insurance policy and the company you acquire it from, death benefit payments could be denied or forfeited if the policyholder dies within the first 24 months of policy activation.

Here, the Colony Term UL policyholders could extend their plan's death benefit guarantee beyond the original term that was chosen.

No - lapse guarantees, or death benefit guarantees: A well informed policyholder should understand that the flexibility of the policy is tied irrevocably to risk to the policyholder.

On top of the tax - deferred cash value accumulation and death benefit, the Gerber Guaranteed Issue Life insurance policy provides benefits for policyholders, including:

As a form of permanent coverage, universal life policies provide a guaranteed tax - free death benefit to policyholder beneficiaries based on the amount of premiums paid over time.

While term policies are usually the cheapest form of life insurance, whole life policies offer a number of benefits that policyholders may want to consider, including a guaranteed death benefit, predictable premiums over time, and even dividends that can provide cash or help offset the cost of insurance over time.

Unlike fixed life insurance products, variable life insurance may require policyholders to add premiums over time to ensure the death benefit remains guaranteed to a certain age.

Whole life insurance is a kind of permanent coverage and features a fixed, level premium and guaranteed death benefit with a cash value that allows policyholders to save for retirement.

Guaranteed Death Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the poDeath Benefit + Accrued Paid - up Additions (if any) + Terminal Bonus (if any) Here, the Guaranteed Death Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the poDeath Benefit is computed as the highest of 11 times the Annualised Premium or 105 % of all premiums paid by the Policyholder as on the date of death of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the podeath of the Life Insured or Guaranteed Maturity Sum Assured chosen by the Policyholder at the time of taking the policy.

Since the mortality rate for whole life policyholders is higher than other types of life insurance, and the death benefit and periodic premiums are guaranteed, the premiums for whole life insurance are much higher than term insurance.

In consideration of nominal premium amount, it provides a death benefit in the form of guaranteed Sum Assured to the dependants upon the demise of the policyholder during the policy tenure.

For instance, a policy with a «no lapse guarantee» guarantees that the insurance company will pay out a death benefit as long as the policyholder makes all the scheduled premium payments in an expeditious manner.

On death of the policyholder, Guaranteed Death Benefit + accrued paid - up additions + Terminal Bonus, if any isdeath of the policyholder, Guaranteed Death Benefit + accrued paid - up additions + Terminal Bonus, if any isDeath Benefit + accrued paid - up additions + Terminal Bonus, if any is paid

The policyholder enjoys the Guaranteed Death Benefit which is payable to the person nominated at the time of the death of the policyhoDeath Benefit which is payable to the person nominated at the time of the death of the policyhodeath of the policyholder.

When the death occurs after the first five policy years till the policyholder turns 65 years as on the last birthday, the nominee receives the Basic Death Benefit plus the accrued Guaranteed Additions plus the accrued Reversionary Bonuses and Final Bonuses, ifdeath occurs after the first five policy years till the policyholder turns 65 years as on the last birthday, the nominee receives the Basic Death Benefit plus the accrued Guaranteed Additions plus the accrued Reversionary Bonuses and Final Bonuses, ifDeath Benefit plus the accrued Guaranteed Additions plus the accrued Reversionary Bonuses and Final Bonuses, if any.

On death of the policyholder, the death benefit under both the options will be higher of the SA on death or 105 % of all premiums paid + vested reversionary bonuses, Guaranteed Additions and terminal bonus, if any

On death of the policyholder, the chosen Monthly Benefit is paid every month which increases by 5 % with every payout and is paid for the remaining term with a minimum guaranteed term of 5 years.

Under Option B, on death of the policyholder, future premiums are waived off and the Guaranteed Death Benefit is death of the policyholder, future premiums are waived off and the Guaranteed Death Benefit is Death Benefit is paid.

On death of the policyholder, the death SA + vested Guaranteed benefits + vested reversionary bonuses + interim bonus + terminal bonus, if any, is paid to the nominee

On death of the policyholder, the Minimum Death Benefit plus accrued Guaranteed Additions + accrued Reversionary Bonuses + Terminal Bonus, if any, is death of the policyholder, the Minimum Death Benefit plus accrued Guaranteed Additions + accrued Reversionary Bonuses + Terminal Bonus, if any, is Death Benefit plus accrued Guaranteed Additions + accrued Reversionary Bonuses + Terminal Bonus, if any, is paid.

As cash value accumulates, policyholders may access a portion of the cash value without affecting the guaranteed death benefit.

They also have a two - year benefit waiting period (applicable to all guaranteed issue policies and some simplified issue policies) meaning that if a policyholder dies within the first two years, and the death is from disease and not from an accident, the claim will not be paid and only the premiums will be returned.

Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

In case the Life Insured is found to be suffering from a disease that is likely to lead to the Death of the Life Insured within 6 months of diagnosis in the opinion of a Registered Medical Practitioner and the concurrence of Company's appointed doctor, the Company will advance 50 % of the Guaranteed Maturity Sum Assured (up to maximum of Rs. 10 Lakhs across all policies which provide this benefit) immediately upon Policyholder's request.

In the event of death of the Life Insured, Death Benefit will be higher of 105 % of the premiums paid until the death of the policyholder OR eleven times of the annualised premium OR guaranteed sum assured on maturity OR any assured amount that has been earlier agreed to be paid in case of death of the Life Insured, Death Benefit will be higher of 105 % of the premiums paid until the death of the policyholder OR eleven times of the annualised premium OR guaranteed sum assured on maturity OR any assured amount that has been earlier agreed to be paid in case of Death Benefit will be higher of 105 % of the premiums paid until the death of the policyholder OR eleven times of the annualised premium OR guaranteed sum assured on maturity OR any assured amount that has been earlier agreed to be paid in case of death of the policyholder OR eleven times of the annualised premium OR guaranteed sum assured on maturity OR any assured amount that has been earlier agreed to be paid in case of deathdeath

Guaranteed Death Benefit is higher of (11 times the Annualised Premium **) or (105 % of all premiums paid by Policyholder as on the date of death of the Life Insured) or (Guaranteed Maturity Sum Assured chosen by the Policyholder at policy inceptDeath Benefit is higher of (11 times the Annualised Premium **) or (105 % of all premiums paid by Policyholder as on the date of death of the Life Insured) or (Guaranteed Maturity Sum Assured chosen by the Policyholder at policy inceptdeath of the Life Insured) or (Guaranteed Maturity Sum Assured chosen by the Policyholder at policy inception).