Sentences with phrase «premium rider gives»

A waiver of premium rider gives you the option to stop paying premiums while maintaining coverage.

A waiver of premium rider gives you the option to stop paying premiums while maintaining coverage.

Not exact matches

Im particularly interested in birla Sun life as they give all riders with minimum premium.

To convert it to whole life, some additional premium will need to be paid... the rider only gives the opportunity to pay the premium to convert to whole life i.e. the conversion is not free.

This is a fairly unique rider as it gives your spouse the ability to purchase single premium whole life insurance upon your death without demonstrating insurability.

Online term policy will not give me claim settlement: If you fill all the information correctly, pay the premium on time, check details for extra riders you might need and get a medical checkup done, there is no reason that the company won't settle your claim.

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

Whether an applicant decides to go with whole life or guaranteed universal life, a couple of options worth exploring with an agent include possibly setting up a lifetime of guaranteed monthly income for beneficiaries or including a rider that gives a policy holder the ability to waive premiums if they become disabled and can't work.

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.

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.

Waiver of Premium is an additional provision (sometimes also called a rider) in most Life Insurance policies which allows to stop paying premiums after the insured person has been disabled for a given period of time (usually six months) due to an illness or an injury.

Like insurance policies, premium paid on riders also give you tax benefits as per prevailing tax laws.

The optional Waiver of Premium rider gives you the benefit of not needing to continue paying the premiums on your life insurance policy should you become completely disabled and can not work.

Platinum boasts multiple new features at no additional cost, including a return of premium rider, guaranteeing the policy's cash surrender value will never be less than the premium payment; accelerated benefit riders for chronic illness, critical illness, and terminal illness; and a charitable giving rider, a unique feature that provides an additional death benefit of 1 percent of the policy face amount to the applicant's charity of choice.

Then companies come up with various types of term insurance policies which will give some additional features like term plan with return of premiums, with additional rider benefit etc..

PNB Metlife is giving an additional rider in which without any increase in premium I will get increment in SA by 50 % at time of my marriage and 25 % at time of child birth.

Im particularly interested in birla Sun life as they give all riders with minimum premium.

This plan also provides the insured with regular pay - outs that increase at different stages in life, and ensures protection for their families while giving them the option of choosing additional riders and flexible premium paying terms.

Choosing the appropriate rider can give you additional benefits and make your cover more effective for a nominal extra premium.

The plan has been well customized with eligibility for bonus additions to help the fund grow and waiver of premium benefit rider to give protection for child's future if the proposer of the policy dies during payment paying term.

They have asked me to give consent for extra premium for the rider.

Much thought should be given to adding the waiver of premium rider when making your decision on how much life insurance to buy and what type.

Return of Premium Rider The main aim of this rider is to give back most of the premium that you put into your policy.

A return of premium rider adds a little to the cost but gives you all your money back at the end of the term and is tax free.

Till the time the insured recovers and becomes employed once again, the insurance company gives up the right to collect premium or waives off the premium under this rider.

I hope taking iterm plan of aegon religare may be useful as it gives upto 75 years maturity along with riders and low premium.

PREMIUM WAIVER BENEFIT: If proposer add on this premium waiver benefit rider in policy, at the time proposer death during the policy term LIC will give waiver to all future pPREMIUM WAIVER BENEFIT: If proposer add on this premium waiver benefit rider in policy, at the time proposer death during the policy term LIC will give waiver to all future ppremium waiver benefit rider in policy, at the time proposer death during the policy term LIC will give waiver to all future premiumpremium.

However, I have given a an example where even the rider premium can change after a few years.

Unlike regular term policies, return of premium term life insurance rewards you for keeping the policy by giving a guaranteed return of your total cumulative premium paid on the policy during the level term period, not including substandard (extra charges for health) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the policy owner at the end of the level term period if the policy is then in force.