Sentences with phrase «portion of one's death benefit»

The accelerated death benefit provides for the policyholder to receive a large portion of the death benefit if they are diagnosed with a terminal illness.

The accelerated death benefit rider pays out a significant portion of the death benefit in the event the insured is diagnosed with a terminal illness (12 - 24 months to live).

It gives full access to a large portion of your death benefit for use while you are still living if you have already been diagnosed with a terminal illness.

However, they would either pay nothing, or only a small portion of your death benefit during the first two years.

She could access up to 2 % of the death benefit each month until she used up the allowed portion of her death benefit.

The rider provides for the insurer to advance the insured a large portion of the death benefit if they are diagnosed with a terminal illness and expected to die within a year.

A significant portion of your death benefit was probably assigned to your spouse.

This benefit is designed to pay out a discounted portion of the death benefits if you are diagnosed with a life - changing illness.

This type of rider pays out a large portion of the death benefit to policyholders (typically 50 - 80 %) upon the diagnosis of a major condition or injuries.

In the event that you are diagnosed with a chronic or terminal illness after the two year graded benefit period, included riders in the policy allow for you to access portions of the death benefits early to help offset additional costs that arise due to your condition.

This rider enables you to receive a lump sum portion of your death benefit to help pay expenses if you become terminally ill or need to live in a nursing home.

The insurance portion of the death benefit gradually shrinks as the cash value grows, until eventually the cash value makes up 100 % of the money the insurance policy will pay out.

The insurance portion of the death benefit gradually shrinks as the cash value grows, until eventually the cash value makes up 100 % of the money the insurance policy will pay out.

The rider allows you to claim a specified portion of your death benefits if you become terminally ill and are expected to have a very short life expectancy such as your death occurring within one year or some other specified period.

Unlike traditional variable life policies in which the cash value of the policy is only a small portion of the death benefit, with an endowment life insurance policy the cash value and the death benefit are the same amount.

This amount is subtracted from the total death benefit to arrive at the remaining unpaid portion of the death benefit.

The amount of the consideration paid, plus the subsequent premiums the recipient pays remain non-taxable portions of the death benefit.

Accelerated Death Benefit Rider: you can receive an early portion of your death benefit if you are diagnosed with a qualifying terminal illness or permanent care in a nursing facility.

This rider enables you to receive a lump sum portion of your death benefit to help pay expenses if you become terminally ill or need to live in a nursing home.

A specified portion of the death benefit (the so - called «scheduled benefit») will be paid out in case of partial dismemberment (loss of speech, hearing, paralysis of the extremities, loss of movement,...).

Similar to the Accelerated Death Benefit, the long - term care rider provides for the insurer to pay a large portion of the death benefit if the insured is diagnosed with a health condition that requires them to live the balance of their life in a nursing facility.

Many life insurance policies come with the option of accelerating a portion of your death benefit if you become terminally or chronically ill.

An accelerated death benefit rider allows the policyowner to receive a portion of the death benefit early when the insured individual is diagnosed with a terminal illness resulting in a decreased life expectancy.

For example, if you have a stroke and are unable to go to do daily tasks without the assistance of a nurse, you could take a portion of the death benefit early in order to pay for the caretaker costs.

An accelerated death benefit rider simply gives you the option to receive a portion of the death benefit early if you're diagnosed with a qualifying illness.

Although the contingent beneficiary is named in the life insurance policy, he or she won't receive a portion of the death benefit if any of the primary beneficiaries are still alive.

The accelerated death benefit rider (included at no extra cost) allows you to receive a portion of the death benefit if you're diagnosed with a terminal illness.

Accelerated Benefits rider (terminal illness only): pays out a portion of the death benefit for a qualifying terminal illness.

Terminal Illness Rider — allows access to a portion of your death benefit if you have a life expectancy of 12 months or less due to illness.

Accelerated Death Benefit Rider: the ADB rider allows you to access a portion of the death benefit if you are diagnosed as terminally ill with less than 12 months to live.

This is a benefit that can be added to certain life policies that will prepay a portion of the death benefit in case of a particular critical illness such as heart attack, stroke, life - threatening cancer, by - pass surgery, organ transplant, Alzheimer's, etc..

Living Needs Benefit (Accelerated Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or less.

The advantage of convertible term insurance is you can convert all or a portion of your death benefit to permanent coverage without having to prove your insurability, in other words, you don't need to take an exam or answer health questions.

Many life insurance policies come with the option of accelerating a portion of your death benefit if you become terminally or chronically ill.

An accelerated death benefit rider simply gives you the option to receive a portion of the death benefit early if you're diagnosed with a qualifying illness.

Accelerated Benefits Rider — Available before or after issue, the AB rider allows access to all or a portion of your death benefit if you have a qualifying terminal, chronic, critical illness or critical injury.

The contingent beneficiary does not receive any portion of the death benefit.

Accelerated Death Benefit: pays you a portion of the death benefit in advance (while alive) if you are diagnosed with a qualifying condition.

The conversion option allows you to convert all or a portion of the death benefit to a permanent policy.

Accelerated Benefit: you can access a portion of your death benefit for a qualifying terminal illness or chronic illness.

For example, if you have a stroke and are unable to go to do daily tasks without the assistance of a nurse, you could take a portion of the death benefit early in order to pay for the caretaker costs.

The Legalese «The Acceleration of Death Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.»

In addition, you should check that the policy allows you to receive a portion of the death benefit early if you develop a severe illness.

The accelerated death benefit rider pays a portion of the death benefit to you (the insured) if you become terminally ill with a short life expectancy.

Accelerated Death Benefit for Terminal Illness: can access a portion of the death benefit for a qualifying terminal illness, if diagnosed with a life expectancy of 12 months or less.

If your term policy allows you to convert you can choose to option your rider and convert all or a portion of your death benefit to permanent life insurance.

Any portion of the death benefit that constitutes a return of premium will be received tax - free, whereas benefits in excess of the initial investment will be taxed at ordinary income levels.

Accelerated Death Benefit Plus Rider: can access a portion of the death benefit for a qualifying terminal illness, medical condition, or chronic illness.

These riders would give a portion of the death benefit to the policy owner prior to the death of the insured, based on the requirement that the insured was terminally ill.

Accelerated Death Benefit for Chronic Illness: can access a portion of the death benefit for a qualifying chronic illness.