Sentences with phrase «policyholder is alive»

These are pure Life Insurance policies which do not yield any monetary returns to the beneficiaries as long as the policyholder is alive.

A whole life policy is typically a policy which runs as long as the policyholder is alive.

The policy can be redeemed for its face value if the policyholder is alive at the time of expiration.

These plans are so designed that instead of providing a lump sum amount on maturity, as most insurance plans do, this plan provides a stream of payments post maturity up until the policyholder is alive.

A money - back plan is a variant of an endowment plan with one difference — regular payouts are staggered through the policy term at specific intervals as long as the policyholder is alive.

It pays out when the policyholder dies, and it accumulates value while the policyholder is alive.

Whole Life insurance is permanent insurance coverage and will stay in force for as long as the policyholder is alive as long as the periodic premium is paid.

If you still prefer to get protection for life but are not excited about universal or whole life insurance, look into Term 100 insurance that covers policyholders for life (premiums are paid to age of 100) and typically pays benefits at age 100 if a policyholder is alive.

Many times, people are not able to make a decision because it doesn't provide a benefit when the policyholder is alive.

As with other permanent life contracts, the cash value within a variable universal life policy grows tax - deferred and is available through a policy loan while the policyholder is alive.

On maturity, if the policyholder is alive, the available fund value is paid to him and the policy terminates.

It offers periodical payment of partial survival benefits during the tenure of the policy as long as the policyholder is alive.

Beneficiary is a person who is entitled to get all benefits from the policy, including bonus, death benefits, etc., irrespective of the fact that whether the policyholder is alive or not.

On maturity, if the policyholder is alive, the fund value is paid which can be availed in lump sum or over the next 5 years through the Settlement Option.

The plans are designed in such a manner that from a specific date, which is chosen by the policyholder, the insurance company will pay pensions or annuities regularly till the policyholder is alive.

The difference between the two is that while term insurance is valid for a fixed number of years, whole life insurance lasts till the policyholder is alive.

Survival Benefit: Contingent to the policyholder being alive and all due premiums being paid, at the end of every four years of the policy period, a fixed percentage of the Basic Sum Assured would be paid out.

Not exact matches

However, these days only a handful of insurers offer LTC insurance, so another option may be life insurance with an LTC rider, which allows families to tap into the benefits they would receive upon the policyholder's death while he or she is alive and requires care.

After the 20 years was up if the policyholder was still alive he or she would be refunded $ 5,000 x 20 or $ 100,000.

The standard policy includes an Accelerated Death Benefit, which pays a portion of the settlement while the policyholder is still alive.

And until an insurance company hears otherwise, it assumes a policyholder is still alive.

If the insured person is still alive at the end of the policy term, the coverage expires and typically no portion of the premiums are returned to the policyholder.

This most often comes into play when the policyholder is still alive and transfers a policy to a beneficiary.

This allows for money to help the policyholder and his family while he is still alive, rather than having to accrue debt until such time as a life insurance policy pays out at death.

The return of premium (ROP) policy is combined with a term life policy, and when the term expires with the policyholder still alive the premiums can be retuned.

If the person insured is alive, the policyholder receives Survival Benefits every five policy years before the end of the policy term.

This most often comes into play when the policyholder is still alive and transfers a policy to a beneficiary.

• Annuity for joint lives (return of Single Premium on the demise of the last alive Annuitant): A fixed sum guaranteed at the very beginning of taking the policy will be paid to the policyholder throughout the lifetime of even single the annuitant.

Some plans allow policyholders in certain circumstances to access their own death benefits while they're still alive, though it can be tricky and costly.

If the person insured is alive, the policyholder receives Survival Benefits for three policy years before the maturity date.

When added to the Secure Lifetime GUL 3 life insurance policy, the policyholder may be able to access a portion of the policy's death benefit funds while he or she is still alive.

The defining feature of this form of term life insurance is that the premiums paid over the life of the policy are paid back to policyholders at the end of their contracts if they are still alive.

Permanent life insurance contracts differ from term not only in their duration but also in providing policyholders a benefit that can be used while they are still alive, known as a policy's cash value.

The cash value accumulation portion of any permanent life insurance is only available to the insured person while they are still alive, and is available to borrow against (for which the policyholder will be charged interest) or for withdrawal.

Whole life insurance, or permanent insurance covers the policyholder for as long as they're alive.

Some policyholders find this appealing because they can access the cash value while they're still alive, although it generally accumulates interest and reduces the death benefit until you pay it back.

Insurance companies also provides the investment cum insurance plan in which the policyholder get the maturity value at the end of term of the policy i.e. benefit of your investment even when you are alive.

* Survival period: After the completion of diagnosis the policyholder needs to be alive to get the claim benefits.

If the policy expires and the policyholder is still alive, then this rider entitles them to get all the paid premiums back, which usually does not happen with a basic term plan.

If the policyholder is still alive at end of the term, he gets back all the premiums that he paid during the term, which is a substantial amount to take care of a lot of expenses.

Such a rider allows the insured to use a portion of their death benefit while they are still alive, if a doctor deems the policyholder terminally ill.

These terms typically require that the policyholder is still alive, that the death benefit has not been paid during the initial level premium period and that all scheduled premiums have been paid throughout the length of the policy.

There's obviously a positive aspect (if the death benefit hasn't been triggered, it means the policyholder is still alive) but unlike a traditional level term policy, where the premiums and death benefit are the same for the entire term, a family income policy will be worth less the later its triggered.

Under this HDFC pension plan, on vesting, the policyholder can purchase a joint life annuity from the company guaranteeing regular income till the policyholder or his spouse is alive.

The Claimant is a person who is either the life assured (if alive) or policyholder (if different from the life assured) or the assignee or the nominee or the legal heirs of policyholder / nominee (s) to whom the policy benefit will be payable

Terminal illness riders and critical illness riders on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.

Vesting: Policyholder can purchase a joint life annuity from the company guaranteeing regular income until the policyholder or his spouPolicyholder can purchase a joint life annuity from the company guaranteeing regular income until the policyholder or his spoupolicyholder or his spouse is alive.

on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.These riders» critical / terminal illness payout is tax - exempt, and beneficiaries also receive the left over face value, untaxed, upon the policyholder's passing.

Vesting: Policyholder can purchase an annuity from the company with multiple options like availing a joint life annuity guaranteeing regular income until the policyholder or his spouPolicyholder can purchase an annuity from the company with multiple options like availing a joint life annuity guaranteeing regular income until the policyholder or his spoupolicyholder or his spouse is alive.

The company will start making annuity payouts from the single premium up until the policyholder who has made the payment is alive.