Sentences with phrase «possible death benefit amount»

Now while it may be a temporary coverage, it is also your most affordable option for the highest possible death benefit amount.

Not exact matches

There may be limits on the amount of the death benefit that's exempt from income tax, so it's possible you'll owe money to the IRS depending on how much you receive.

But after that period is over, it's still possible for the life insurance company to discover fraud and withhold a death benefit or reduce its amount.

You figure out what the after tax dollar amount would be from your RMD, then buy as much life insurance death benefit with that as possible.

If the goal is maximum cash value accumulation for a tax - free retirement income it is extremely important the policy is properly structured with the least amount of death benefit possible.

Today, mortality rates have actually dropped, meaning that it could be possible to get a higher amount of death benefit for the same — or even lower — premium cost on a new policy.

All they are interested in is buying the right amount of death benefit for as low a premium as possible.

For example, if the insured had a certain health condition at the time of policy application, but he or she omitted information about this issue, it is possible that the death claim will be denied, or that there will be a lower amount of benefit paid out.

It would be possible to write an insurance policy that way if you wanted to, however, normally a life insurance policy pays a fixed amount of money (known as the death benefit) to a chosen beneficiary.

Therefore, your SPL plan allows you to cover your long - term care needs as required, but still leaves the maximum possible amount of your life insurance death benefit intact for your dependents.