Sentences with phrase «portion of your insurance benefit»

Not exact matches

The portion of job postings that advertise benefits related to insurance, healthcare, and health have also been on the rise.

Accelerated Access Rider Allows insured to accelerate a portion of their life insurance death benefit in the event they are diagnosed with a chronic or critical illness that meets certain eligibility requirements.

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

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.

Charging your co-pays, deductibles, or the portion of services that isn't covered under your insurance plan gets you one step closer to satisfying the spending requirement without diminishing the tax benefit.

With most term life insurance policies, the death benefit — the portion of money that's paid out to beneficiaries — works the same way.

Accelerated Access Rider Allows insured to accelerate a portion of their life insurance death benefit in the event they are diagnosed with a chronic or critical illness that meets certain eligibility requirements.

When you are still working, your employer pays for a portion of your monthly health care premiums, life insurance, and other benefits.

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.

If you choose to exercise this option, it allows you to convert all or a portion of the existing death benefit to permanent insurance coverage, such as whole life or universal life, with no evidence of insurability required (i.e. no medical exam or health questions).

Regarding your next question, as an example, if there are two beneficiaries, each designated to receive 50 % of the death benefit, and one beneficiary has not yet filed, the life insurance company will sit on that beneficiary's portion until the rightful beneficiary comes forward and to claim the benefit.

Each time you make a premium payment, a portion is put towards the cost of insurance (such as administrative fees and covering the death benefit) and the rest becomes part of the cash value.

Usually having to do with terminal illness or catastrophic circumstances, this feature allows access to a portion of a life insurance policy's death benefit, or payout.

When you make premium payments on a cash - value life insurance policy, one portion of the payment is allotted to the policy's death benefit (based on your age, health and other underwriting factors).

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.

If cash value life insurance is being used, the cash value can be used to repay the loan depending upon the type of policy as can a portion of the death benefit.

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.

Thus, unless you no longer need the insurance benefits provided by the policy, taking a loan offers you the ability to maintain insurance coverage while still accessing a significant portion of the cash.

ILIT for estate tax planning with an ILIT, the life insurance policy can grow within the trust and outside of our trustmaker's estate, thereby limiting federal estate tax exposure AND a portion of the life insurance policy death benefit can be used to cover estate taxes.

2 The fixed monthly benefit amount is calculated by rounding the principal and interest portion of your total monthly Mortgage Loan payment on the date you applied for Mortgage Disability Insurance to the nearest $ 100, up to a maximum monthly benefit of $ 3,000.

Good Life: Allstate also has a portion of the company website titled Good Life which lists additional benefits available to home insurance policyholders.

They're one - part insurance, delivering guaranteed lifetime income when an optional living benefit rider is added to the annuity, and one - part accumulation potential, because a portion of the owner's purchase payments is allocated to a mix of diversified investments that can provide long - term growth to help maximize future retirement income.

There are optional employee benefits that you might need to pay a portion of if you are going to take advantage of them, such as health insurance or retirement savings.

The accident benefits portion of your policy looks after medical expenses not covered by your province's health insurance — everything from physiotherapy treatments to crutches.

The employee (employee, shareholder, member, partner is referred to collectively hereafter as «employee») may either pay nothing for the insurance or may pay a portion of it that relates to that portion of benefits received by the employee.

Most life insurance policies have provisions that allow a portion of the death benefit to be used if the insured can not perform 2 of 6 activities of daily living.

Simplified issue and guaranteed issue life insurance are options for people who might not be able to benefit from the paramedical exam portion of the application process.

Rather than selling your policy, some insurance companies allow you to collect a portion of your death benefit before you die.

The life insurance companies also offer solutions such as chronic illness riders AND long term care riders, which allow a portion of the policy death benefit to be used for long term care costs while also preserving a portion of the death benefit coverage.

Many life insurance policies leave some portion of benefits for the policyholder's children.

The Statutory Accident Benefits, also known as no - fault benefits, specifically say that payment of a medical, rehabilitation or attendant care benefit is not required for that portion of any expense for which payment is reasonably available to the insured person under any insurance planBenefits, also known as no - fault benefits, specifically say that payment of a medical, rehabilitation or attendant care benefit is not required for that portion of any expense for which payment is reasonably available to the insured person under any insurance planbenefits, specifically say that payment of a medical, rehabilitation or attendant care benefit is not required for that portion of any expense for which payment is reasonably available to the insured person under any insurance plan or law.

(2) Payment of a medical, rehabilitation or attendant care benefit or a benefit under Part VI is not required for that portion of an expense for which payment is reasonably available to the insured person under any insurance plan or law or under any other plan or law.

When you bring a successful third - party liability claim while receiving Workers» Compensation benefits, it is likely that the Workers» Compensation insurance carrier will be able to recover a portion of the personal injury award.

Under current law, unpaid health care providers, certain health insurance plans, federal health benefit plans and other claimants are entitled to a portion of certain settlements.

In the report Marshall writes: «There should be no cash settlements in the accident benefits portion of the Ontario auto insurance system for those benefits specified in the legislation as being for medical and rehabilitation care.»

If a pedestrian who does not have any car insurance is hit by a car, there is a priority of insurance which needs to explored in order to determine who pays out for the first party car insurance on the accident benefit portion of their claim.

Living Benefits Rider With some life insurance policies, this rider enables insureds to receive a specified portion of the policy's death benefit before the policyowner insured's death if certain conditions are met.

4) Cash Value Life Insurance — Refers to permanent life insurance policies, which not only provide the insured with death benefits, but also have the added advantage of having a cash value accumulation portion which grows tax free through the life of thInsurance — Refers to permanent life insurance policies, which not only provide the insured with death benefits, but also have the added advantage of having a cash value accumulation portion which grows tax free through the life of thinsurance policies, which not only provide the insured with death benefits, but also have the added advantage of having a cash value accumulation portion which grows tax free through the life of the policy.

Trendsetter Term Policy with «Living Benefits» offers high levels of term life insurance protection, and adds a «living benefit» that allows you to potentially access a portion of your policy benefit while you're still alive if you're diagnosed with a qualifying chronic or critical illness; or a terminal illness.

Both the indexed universal life insurance and the term life insurance policies typically include an accelerated death benefit so that a large portion of the death benefit can be paid to the policyholder in the event of a terminal illness.

Included at no additional cost, the accelerated benefit insurance rider will help cover medical costs or nursing home care by allowing you to use a portion of the death benefit in the event of a terminal condition diagnosis or confinement to a nursing home facility.

It quite literally will accelerate a portion of the death benefit of your life insurance policy to you, even when you're still alive.

The Accelerated Living Benefit Rider provides for a single lump sum payment of an accelerated life insurance benefit using a portion of your life insurance certificate's death bBenefit Rider provides for a single lump sum payment of an accelerated life insurance benefit using a portion of your life insurance certificate's death bbenefit using a portion of your life insurance certificate's death benefitbenefit.

This will allow you to receive a portion of your life insurance benefit before you pass away.

Also, this amount is tax deferred and it includes the portion of your life insurance policy premiums that go towards the payment of your death benefit protection as well as other insurance company expenses.

Introduced to reduce insurance fraud, a graded death benefit policy pays out only a portion of the death benefit if you die within the first several years of the policy.

A benefit included or added to a life insurance policy with a rider that allows the policy owner the right to receive a portion of the death benefit as defined in the policy if the insured becomes terminally ill and furnishes proof.

While it's more expensive, you'll have the same security term life insurance offers along with the benefits of a cash value portion.

Whole life is a very rigid form of permanent life insurance where you have few or no options in managing death benefits, premiums you pay, or the cash value accumulation portion as you are locked in for as long as you own the policy.