Sentences with phrase «premium rider pays»

Not exact matches

This rider adds to the cost of your premiums but ensures that you'll receive a portion or the sum of premiums paid if you live past the term of the policy.

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

A return of premium rider is particular to term life insurance products as it allows you to recoup a portion (or all) of the premiums paid if you live past the full term.

If you buy an accidental death and dismemberment rider, decide whether the likelihood of dying accidentally justifies the insurance premiums you must pay for the policy.

An option / rider that refunds premiums paid into an annuity less cumulative income payments made, upon the death of the annuitant.

A policy might replace or pay a rider the cash value of their stolen motorcycle, but that could mean an increase in the cost of premiums for a coverage that is already expensive relative to standard motorcycle insurance policies.

This rider adds to the cost of your premiums but ensures that you'll receive a portion or the sum of premiums paid if you live past the term of the policy.

For example, you may have heard of a «return of premium» rider which pays back a percentage of your premiums should you outlive the term of your policy.

For added protection the following riders can be availed by paying additional premium along with Bharti AXA Life Super Endowment Plan

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.

Premium Waiver rider (UIN: 130B005V03): 100 % of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.

The return of premium rider, available for return of premium life insurance policies, and also on certain long - term care policies, disability insurance, etc., will return all of your premiums paid over the life of your policy should the term come to an end or should you wish to surrender the policy.

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 valPay 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 valpay 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 received.

A return of premium rider is particular to term life insurance products as it allows you to recoup a portion (or all) of the premiums paid if you live past the full term.

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.

Child riders insure child up to maximum age (typically 23 - 25 years old), or until the parent stops paying the premium, or until the parent's term policy is up, or until the parent turns 65, whichever comes first.

For example, if you become totally disabled, your waiver of premium rider will pay any and all premiums payments due to the carrier.

You are allowed to continually add to your policy in addition to your normal premium through vehicles known as life insurance supplement riders, additional life insurance riders, or paid up additions.

Though the time period may vary based on your insurance company, most waiver of premium riders require an elimination period before the rider kicks in and begins to pay your premium payments.

If you are getting an insurance policy, it is in your best interest to investigate how much more you will be paying to get a waiver of premium rider.

These dividends can be taken as cash, used to pay future premiums, or to purchase additional coverage using the paid up additions rider.

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.

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.

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.

You can buy this rider additionally buy paying extra money with basic premium.

Some Whole Life policies include a disability waiver / rider feature that will pay your premiums for you if you were to suddenly become disabled.

A disability waiver of premium rider allows you to keep your life insurance policy without worrying about how you're going to pay for it while you're out of work.

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.

I read it's 30 % of premiums excluding first year and any additional term rider / accident rider premium.In that case the amount would be very low to what I have paid for these years.

Note that if you have certain riders, such as paid up additions or life insurance supplement riders, failure to pay interest on your loan when due may result in an increase to your minimum rider premiums.

Fixed annuities have other problems as well: They're not standardized, liquid, nor uniform; and they have expensive bells and whistles (AKA insurance riders) that hardly anyone understands, are seldom used, fail when needed (because they don't perform as advertised when executed, because of the «fine print»), and are rarely worth the money (premiums) paid for them.

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 reduction in retirement income is due to the amount of premiums paid to buy the income inflation rider - plus all of their built - in fees.

Don't assume this is the case, though — most of the time, they can be added onto a policy as a «rider,» which means that you will pay a higher monthly premium.

Provisions of LIC New Money Back 20 Years include riders i.e. special clauses to consider the cases where the policy holder will not be able to pay premium.

Provisions of LIC New Endowment Plan include riders i.e. special clauses to consider the cases where the policy holder will not be able to pay premium.

Provisions of Sahara Sanchit include riders i.e. special clauses to consider the cases where the policy holder will not be able to pay premium.

Provisions of Future Generali Leave Encashment include riders i.e. special clauses to consider the cases where the policy holder will not be able to pay premium.

Waiver of monthly deductions rider — This rider will pay your monthly premium for a certain period of time to prevent policy lapse in case of inability to pay due to disability.

A disability waiver of premium rider stipulates that if you become totally disabled for a specified period of time, you don't have to pay premiums for the duration of the disability.

The ROP rider allows the owner of the policy to recoup all the premiums paid throughout the term of the policy (i.e. return of premium).

Return of Premium — This rider will return the total amount of premiums you have paid during the life of the policy.

This rider will will keep the policy in force for the duration, eliminating the burden of having to worry about paying for your premiums during these times.

These policies charge you an additional premium so that at the end of your term, 100 % of all premiums pay (for the base policy as well as the return of premium rider) are paid back to you if death has not occurred.

Life insurance with return of premium riders will refund 100 % of the premiums you paid into the policy if you live to the end of the term.

The ROP rider on the accidental death insurance pays back all your premiums if you do not die of an accidental death.

You can also attach a single premium paid up additions rider to the policy to increase the death benefit and cash value.

If John decides to purchase return of premium life insurance, however, he'll be paying additional money for a rider on his policy.