Sentences with phrase «premium death benefit option»

Not exact matches

The higher premium amount coupled with the lower initial death benefit amounts are the biggest disadvantage to universal life insurance option B.

The death benefit will not increase under option A unless excess premiums are paid.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beeBenefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beebenefit payout option chosen, subject to policy being in force and all due premiums have been paid.

Option for benefits to continue even after the death of the life insured (when premium waiver rider is opted)

Death Benefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custDeath Benefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the cuBenefit Payable: In the event of death, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custdeath, provided the policy is in force & all due premiums have been paid the death benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custdeath benefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the cubenefit will be paid out as equal annual instalments for 15 years or 20 years depending on the death benefit option selected by the custdeath benefit option selected by the cubenefit option selected by the customer.

Besides the conversion option, you can also benefit from an accelerated death benefit rider, waiver of premium rider and child term rider.

In addition, Northwestern Mutual offers the option of paying a higher premium to guarantee the death benefit, an option that's not standard for most variable universal policies.

However, thanks to premium offset options, you can continue to make premiums payments or have your dividends pay your life insurance premiums, to further grow your cash value and death benefit to age 100.

Some life insurance may offer death benefit options, including: a specific benefit that does not vary; a face amount plus the policy value; or the face amount plus premiums paid less withdrawals and loans.

Universal life typically offers flexible premium and death benefit options.

As mentioned in the above list of best online term insurance plans, some life insurance companies provide optional riders (like Accident death benefit & Critical Illness) and optional features (like waiver of premium or monthly income options etc.,)

Another variable that determines your indexed universal life insurance premium payments is the death benefit option you choose.

One thing that seniors might consider is a single premium option which is a lump sum payment into a policy in return for a certain amount of death benefit.

New York Life Legacy Creator (SPVUL) is a flexible, single premium variable universal life insurance product that offers death benefit protection and the potential for tax» deferred cash value accumulation through policy investment options.

There is a level death benefit similar to term life insurance and a cash account option similar to whole life insurance, but you have the option to pay flexible premiums.

The reason for quicker cash accumulation is the higher initial premiums along with a lower starting death benefit associated with this option.

A drawback of this option is that excess premiums must be paid in order to increase the death benefit.

This is a more flexible option that allows you to change your premium payments and your payout amount (death benefit) as your life or needs change.

A comprehensive and flexible group term life insurance plan that includes a death benefit as well as the option of paying premiums in monthly instalments or as annual premiums.

With the cash refund payout option (also known as the death benefit), you are guaranteed that any principal (premium paid into the contract) not yet returned through income payments will be returned to your beneficiary upon your passing.

It combines the features of variable and universal life insurance, giving you the investment options as well as the ability to adjust your premiums and death benefit.

Guaranteed universal life insurance is an attractive option for many that bridges that gap of financial insecurity, allowing policy holders to lock in a guaranteed death benefit and premium payments while providing flexibility and stability for households.

Some carriers offer guaranteed universal life insurance options and adjust the amount of the premium higher while making the policy amount lower, so that in addition to offering a guaranteed death benefit, the policy almost immediately begins to generate a larger cash value.

There are also additional optional benefits and riders, which include a waiver of premium, children's insurance, accidental death benefit, and / or a guaranteed option to purchase additional insurance.

You can purchase level term insurance where the premiums and death benefit remain the same, but there are other options.

If you still need some coverage and qualify, you may have the option to retain a portion of your death benefit and eliminate your ongoing premium payments.

The death benefit does not increase under Option A, unless excess premiums are paid into the policy's cash value.

The high premiums, combined with a low face amount for the death benefit, make guaranteed issue life insurance a less desirable option for relatively healthy individuals.

The best thing about RiverSource's universal life insurance policies are the flexible options that allow you to change premium payments and adjust your death benefit.

This life insurance plan provides a death benefit if you should die, as well as tax - deferred growth of your account value, growth linked to a formula based on changes in an equity - index, flexible premium options, a variety of riders and waivers, and two death benefit options.

Universal Life is permanent life insurance that provides flexible premium and death benefit options.

This policy is customizable — with rider options such as accidental death benefit, child protection and waiver of premium — and policyholders are given the option to convert up to the age of 65 or before the end of their term.

The Pacific PRIME Term, the only available term life insurance option from Pacific Life, is just your basic term life insurance with a flat death benefit and level premiums, all specified for a temporary duration of your choosing.

A term life policy can leave you with nothing after 20 years of premiums (other than your health, obviously), so some like the option of cashing out a whole life policy early for a portion of the complete death benefit should they want or need the money.

Universal life insurance, also known as Flexible Premium Adjustable Life Insurance, has flexible premiums with a minimum and maximum payment option, while giving you the option to change the death benefit within certain guidelines set forth in the contract.

Option A is the most popular UL option, as it provides the highest death benefits compared to the premium aOption A is the most popular UL option, as it provides the highest death benefits compared to the premium aoption, as it provides the highest death benefits compared to the premium amount.

Whole life is considered the most rigid type of permanent life insurance, as the insured has few or no options when it comes to altering death benefits, premiums or the cash value accumulation feature.

A few carriers that offer Accelerated Death Benefits, Living Needs Benefits or Long Term Care benefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiuBenefits, Living Needs Benefits or Long Term Care benefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiuBenefits or Long Term Care benefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiubenefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiums paid.

It also works out well as a single premium life insurance policy option, where you make one lump sum payment for a lifetime death benefit.

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.

It differs from whole life insurance because you are in the driver's seat when it comes to choosing your death benefit, saving options, and even premium payment.

For example, a refund of premium (cash back option) if you outlive your term policy, and additional death benefit payouts for death caused by certain types of accidents.

However, guaranteed issue life insurance generally offers low death benefit options with higher than normal premiums.

Because the death benefit is typically small on these types of policies, premiums can often be very affordable and may be a great option if you are unable to afford a larger premium but would like to preplan for your final expenses.

The policyholder may additionally choose the disability benefit option under which, in case of death or disability of the insured during the tenure of the plan, the aggregate of all future premiums is paid which can be availed immediately in lump sum or can be invested in the fund where it will attract market linked returns.

Under both the death benefit options, all future premiums are waived off on death and the plan continues.

Under Benefit Option 2, higher of the SA including the top - up SA 105 % of all premiums paid is payable immediately on death.

The death benefit payable will be the amount higher of the Sum Assured or 10 times the annual premium or 105 % of total premiums paid till the date of death for regular premium payment option and higher of Sum Assured or 125 % of the Single Premium paid under the Single Premium payment option.

If the policyholder chooses the Save Benefit under any of the plan option, then on death or critical illness, the Sum Assured is paid to the beneficiary who is the child, all future premiums are waived off and paid for by the company and the plan continues.

On death of the policyholder, under Benefit Option 1, higher of the Sum Assured including the top - up SA net of any partial withdrawals made in the last 2 years or Fund Value including the Top - up Fund Value or 105 % of premiums paid is payable to the nominee