Sentences with phrase «premium guarantee period»
Express Issue Term 20 — The Express Issue Term 20 plan is a level death benefit term policy with an initial level premium guarantee period of 20 years.
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The guaranteed payout on the deferred income annuities could be 8 percent (for instance, 8 percent of a $ 100,000 single premium) once the income period starts, he says.
Available in coverage amounts of $ 1 million or more, with premiums guaranteed to stay the same throughout the level premium period.
Additional premium will be credited with interest rates in effect at the time premium is received, and the interest rate will be guaranteed for the same period as selected at the time of purchase.
ForeCertain is a single - premium income annuity, which in basic terms means it's a product that converts an amount of savings into a guaranteed income stream based on three things: when you want the income to start, how long you want it to last — for a set period, your lifetime, or a combination of the two — and if you want the income alone or jointly with another, typically a spouse.
Our 10, 20, and 30 year term policies offer a guaranteed level premium for the specified term period.
This example is based on a 65 year old male who chose the payout option of life with a return of premium, 16.5 year guaranteed period.
In return for your payment of a single premium, we guarantee to pay you a specified income for the period of time you select.
Whether you pay over a shortened period or over your lifetime, premiums are guaranteed to stay flat
Depending on the CompLife policy, premiums may be guaranteed to stay level for a period of time, but this isn't always the case.
When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.
With the company's Guaranteed Level Premium Term Life Insurance option, the premium amount that is charged will remain the same throughout the entire period that the policy is in force.
At the beginning of the index term that follows the end of the Marketing Value Adjustment (MVA) period, the annuity fund value is assured to reach the guaranteed minimum accumulation value, which is 105 %, 107 % and 110 % of original premium (net of withdrawals and applicable surrender charges) for the ISA 5, ISA 7 and ISA 10 respectively.
At the end of the guarantee period, if only the required premium has been paid, the policy may lapse for insufficient cash surrender value.
The No Lapse Guarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deductionGuarantee Rider (NLGR) ensures that during the surrender charge period, if you fund your policy at the required premium to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deductionguarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly deduction charges.
Because all term life policies either expire in say, 10, 15 or 20 years (or otherwise will gradually increase premiums), the greatest PRO when comparing term life is that the there is no expiration of the guarantee period on a guaranteed universal life policy, and the premiums can stay level.
In exchange for a lump - sum premium, the insurance company promises to give you a steady, guaranteed paycheck for life (or a certain period of time, a less - common version of the product).
If your application is approved, your premiums are guaranteed to remain the same for the initial 10 - year period.
GOLD SERIES SAGE CHOICE SINGLE PREMIUM DEFERRED ANNUITY — PRODUCT OVERVIEW 6 Year Single Premium Deferred Annuity Issue Ages: 15 days — 90 years (age last birthday) Minimum Premium — $ 2,000 Maximum Premium — $ 500,000 per Owner Free Withdrawal Provision («Bailout Feature»): Included in the Contract Guaranteed Minimum Interest Rate: 2 % for the first 10 years and 3 % thereafter Contract Loan — Not Available for this product Free - Look Period — 30 days Death Benefit: Accumulation Value on the date of the Owner's death.
With this policy, the premium amount is guaranteed to remain level throughout the set initial period, or term.
Occupation class 4A, 120 day elimination period, premium level and guaranteed until age 65.
120 day elimination period, benefit period to age 65, premium level and guaranteed until age 65.
Occupation class 4A, benefit period to age 65, premium level and guaranteed until age 65.
Each policy has a guaranteed level premium for the duration of your term period, and reapplication is an easy process when your term is over.
The premiums on the term life products that are offered via Banner Life Insurance Company are guaranteed to remain level through the initial term period.
This guarantees that after an initial period of time (commonly 2 years), the insurer can't cancel the policy as long as you pay your premiums as agreed.
During the period that is selected, the amount of the premium rate will remain the same — and, as long as the premium is paid, the policy will guarantee a level amount of life insurance protection up to the insured's age 95.
Renewable annual policies are best for short coverage periods because premiums typically start low compared to guaranteed level premiums, but get higher later on.
With this feature, premiums may be higher than normal, but as long as they're paid, your policy won't lapse during the guarantee period.
Premiums Won't Change With Brighthouse Guaranteed Level Term, premiums will not increase during your clients» level premium periods — whether a 10, 15, 20, or 301 yePremiums Won't Change With Brighthouse Guaranteed Level Term, premiums will not increase during your clients» level premium periods — whether a 10, 15, 20, or 301 yepremiums will not increase during your clients» level premium periods — whether a 10, 15, 20, or 301 year term.
A simple and powerful protection solution, Brighthouse Guaranteed Level Term was designed to provide predictability, with level premiums and coverage amounts guaranteed to stay the same for the level premium period your client chooses — 10, 15, 20, or Guaranteed Level Term was designed to provide predictability, with level premiums and coverage amounts guaranteed to stay the same for the level premium period your client chooses — 10, 15, 20, or guaranteed to stay the same for the level premium period your client chooses — 10, 15, 20, or 301 years.
It's a renewable, temporary life insurance policy with an affordable premium that is guaranteed to remain the same for the time period you select (anywhere from 10 to 20 years).
Return of premium term life insurance (ROP) is a type of life insurance policy that offers a guaranteed refund of the life insurance premiums if you live longer than the term period.
Level Premiums, i.e. premiums guaranteed to stay the same over the entire period of thePremiums, i.e. premiums guaranteed to stay the same over the entire period of thepremiums guaranteed to stay the same over the entire period of the policy.
GLT is available in four level premium periods — 10, 15, 20 and 30 years — with guaranteed level premiums for the full term of coverage.
• Policy Conversion: This feature applies to term only and allows you to convert your policy to a Universal policy at anytime during the period of the guaranteed level premium, up to age 70.
It is called «term» because the premiums are guaranteed to stay level for a specific period of time such as 10, 20 or 30 years for example.
Most term life insurance policies provide guaranteed coverage to age 95, with an affordable initial premium for a period of years (the term), such as 10, 20, or 30 years.
These policies provide affordable life insurance protection, along with a guaranteed level premium amount during this initial term period.
A form of term life insurance that offers a guarantee of future insurability for a set period of years, although premiums are paid every year on the basis of a one - year contract.
A term policy conversion can be requested at any time within the duration of the guaranteed level premium period — up to the attained age of 70 — whichever comes first.
These products provide a guaranteed cash value, guaranteed level premiums and guaranteed death benefits, but with the added security of having the policy become fully paid up after a certain period of time.
Their Rapid Decision term product offers a choice of 10, 15, 20 and 30 year guaranteed level premium periods.
Level term life insurance offers a fixed premium and guaranteed death benefit, lasting for a set period of time, typically 10 - 30 year terms.
Premiums are guaranteed to stay level for 20 years and increase annually after initial guarantee period.
Premiums are level and guaranteed for the duration of each term period.
Most term life insurance policies have a premium that increases each year after the initial guaranteed level term period.
Alternatively, you may want to add a no lapse guarantee rider to your policy for whatever length you MUST have the policy in force, to ensure the premiums and the death benefit stays level for that period.
lets you lock in the premium for that period; the annual premium is guaranteed never to change, from the first year to the last.
Return of Premium Term Life insurance (ROP) is a feature that offers a guaranteed 100 % return of your premiums at the end of the term period, assuming the insured person is still living.