Sentences with phrase «premium rider benefit»

If a person survives the term, only a term life policy with a return of premium rider benefit returns the premiums (rules depend up on specific term plan).

Not exact matches

Term life insurance policies are quite cheap and can come with a variety of riders offering such assistance as disability income, waiver of premiums, and an accelerated death benefit in the case you become permanently disabled.

Take your time to compare how different death benefit amounts, policy features, and riders may influence your monthly premium rate.

Make comparisons of premium costs for many different policy variations such as the death benefits amount, and optional riders.

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

When Life Happens Riders can help cover you for life's unexpected changes, such as waiving your premiums if you become disabled, or providing access to your death benefit early if you become terminally ill.

3) Bharti AXA Life Premium Waiver Rider (UIN: 130B005V03): Under this rider in case of the unfortunate event of death, Total Permanent Disability or critical illness (in case of Policyholder) and Critical Illness (in case of Life Insured) the future premiums are waived off and the benefits under the policy will continue.

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

Many limited pay policies provide long - term care insurance rider and will pay a death benefit, long term care insurance benefit and cash surrender return of premium.

Premiums for the Term Policy and all riders are waived while your client is receiving disability benefits.»

Flex Pay PUA Rider — Paid - up additions riders allow you to pay additional premium into your policy to purchase additional participating whole life insurance, which increases your death benefit and cash value.

Value Enhancement Rider: The VER is a whole life insurance rider that allows you to add additional single or periodic premium payments to your policy to purchase paid up additions, increasing your death benefit and cash value.

Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments reBenefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments rebenefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

Determining the cost per thousand of the insurance itself is a straightforward calculation: Subtract the cost of the riders and fees and divide your premium by the number of thousands of dollars of death benefit.

They have a child insurance rider, a disability waiver of premium rider, and a terminal illness accelerated death benefit rider.

after gone thru various factors i would like choose Aegon Life iTerm Plan, factors influenced me: premium, additional riders: Accidental death benefits +4 Critical illness benefits (cancer, openchest CABG, first heart attack and stroke), wavier of premium raider on critical illness.

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.,)

For DIAs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

For example, if our 50 - year - old pre-retiree Alan is worried about losing money in the event of prematurely passing away, he can add the return of premium and death benefit riders to his DIA.

Remember that all of these variables will have some impact to one degree or another on how much your premiums will actually be, along with whether or not you decide to include living benefits riders.

Other riders include accelerated death benefit rider, waiver of target premium rider, unemployment rider, overloan protection rider and lifetime income benefit rider.

If you do not have a ready source of income or cash put away you may benefit from the peace of mind provided by the waiver of premium rider.

A simplistic example of how the rider could be used might be as follows: A 50 - year - old male purchases a whole life policy with a yearly base premium of $ 4,000 dollars for a $ 200,000 death benefit.

There are several benefit riders that can be attached to your policy including; critical illness, disability waiver of premium, disability income, and / or additional persons coverage for a spouse or children.

But with that being said I do see ur point of being farsighted and the advantages of lower premiums when starting early.Thank you for pointing out the aspect of the accident cover my term cover also has a rider (clause) with a nominal additional premium for disability and death benefits due to accident.

Though Haven Life's set of riders is somewhat limited, they have all the standards you'd expect from an insurer, such as an accelerated death benefit rider and waiver of premium rider.

For SPIAs with death benefit riders, a benefit would be due to a beneficiary if the cumulative income payments made are less than the initial premium paid.

Riders are modifications to your overall life insurance policy that turn a basic life insurance policy — you pay premiums and a death benefit is paid out if you die — into something that covers more exotic circumstances.

They will give you waiver of premium at no cost, a rehabilitation benefit, recurring disability benefit, and automatic benefit increase rider at no cost.

Additional optional benefits and riders that can be available with the Amica level term life insurance policies include the waiver of premium, the children's insurance rider, and an accidental death benefit rider.

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.

Policies can be customized with riders such as children's term rider, accidental death benefit, disability waiver of premium and more to suit your individual needs.

When Life Happens Riders can help cover your client for life's unexpected changes, such as waiving their premiums if they become disabled, or provide access to their death benefit early if they become terminally ill.

But there are also optional benefits, also known as «riders ``, that do require additional premium.

Some of them are free and come standard, like a Waiver of Premium rider, which means you don't have to pay your premiums while you're unable to work and receiving benefits.

This traditonal term life insurance includes an income - tax free death benefit, fixed premiums for the term, and can include optional riders with a separate fee.

The only way to maintain guaranteed level premiums and a level death benefits for life is to purchase whole life or a universal life policy with a guaranteed no lapse rider.

Mortgage protection policies typically include benefits unavailable on straight life insurance products, options such as the return of premium, critical illness availability, terminal illness, confined care riders, and a simplified non-medical application process.

For most riders, your policy benefits and premiums will increase as you add riders.

Just like guaranteed universal life policies do to age 100 or 120, these riders mandate that even if the policy has no cash value, the death benefit and premium are still guaranteed to stay fixed during the initial term selected.

Unlike basic term life policies without additional benefits, this product includes three types of living benefits through accelerated death benefit riders, and a premium waiver during unemployment.2 These riders offer additional flexibility and coverage for a number of unexpected events.

You get the flexibility to adjust benefits and premiums, plus select from optional features and riders, to tailor the policy to your own personal needs.

In the case of a 67 year old male, rated Preferred, $ 100,000 in lifetime coverage would cost $ 2,777 / year without the LTC rider, but for only 15 % more, $ 3,261 annual premium, the Long Term Care rider will give all the benefits listed above, as well as a Multi Flex Surrender enhancement endorsement.

In that event, any insurance benefits provided by riders (such as accidental death benefit or waiver of premiums) have generally ended.

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.

For example, the Waiver of Premium rider will waive all premiums should you become totally disabled while the Accelerated Benefit rider allows for a portion of the death benefit to be received early if you experience a terminal iBenefit rider allows for a portion of the death benefit to be received early if you experience a terminal ibenefit to be received early if you experience a terminal illness.

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.

Each company that offers a return of premium has their own rules regarding it and is typically looked at as a «rider» (an optional benefit add on to an insurance policy) in many cases.

Premium charge: There are no separate premium charges for the accelerated death benefit riders.

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.