Sentences with phrase «premiums for death»

The reason it is cheaper is because you're only paying premiums for the death benefit, the lump sum payment your beneficiaries will receive if you die during the term of the policy.

The standard graded death benefit is a return of premiums for a death occurring during the first two years of the policy.

Whole life insurance charges premiums for a death benefit.

When you buy term insurance coverage, you pay premiums for death proceeds for a period of time.

For example, if a person had been diagnosed with depression prior to buying life insurance, the company may have charged a premium for death in the event of suicide.

Not exact matches

The United States Government Life Insurance program was approved by Congress in 1917 and provided an alternative to commercial insurance which either did not pay out in deaths caused by war or charged extremely high premiums for the coverage.

For universal life policies, annual premiums and the death benefit payout can vary.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

Nearly half — 47.6 percent — of income annuity quotes from advisors in the first quarter were for annuities with a cash refund death benefit (aka return of premium), compared with 40 percent in the first quarter of last year, according to the Cannex index of annuity queries.

So you can «live» with guaranteed withdrawals for lifetime income and still have the potential to «give» a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

Only 4 per cent of applicants have weighted premiums: they include some heavy smokers and some people with a family history of early death, from heart disease for example.

In a sign of the times, premium sports car company Aston Martin has signed the death warrant for its petrol - powered Rapide sports sedan, which will be replaced by an EV.

You pay level premiums for the duration of the contract, your heirs receive specific death proceeds amounts, and the contract generates a minimum rate of return.

footnote ** IRA distributions received before you're age 59 1/2 may not be subject to the 10 % federal penalty tax if the distribution is due to your disability or death; is distributed by a reservist who was ordered or called to active duty after September 11, 2001, for more than 179 days; or is for a first - time home purchase (lifetime maximum: $ 10,000), postsecondary education expenses, substantially equal periodic payments taken under IRS guidelines, certain unreimbursed medical expenses, an IRS levy on the IRA, or health insurance premiums (after you've received at least 12 consecutive weeks of unemployment compensation).

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

So you can «live» with guaranteed withdrawals for lifetime income and still have the potential to «give» a legacy through death benefit proceeds equal to the amount of premium you invested, subject to the benefit guidelines.

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.

But since premium is level for life and the risk of death increases with age, the extra premium paid in the early years effectively funds the risk of death in the later years of life.

No - lapse universal life policies have guaranteed premiums and death benefits — they are like term insurance for life.

While there's no premium for the first year, and coverage costs just $ 10 per year after that, the death benefit is extremely limited.

In addition, if you choose to set up automatic billing, you receive discounted premiums for some products, such as accidental death insurance.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

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.

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 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 custdeath benefit option selected by the customer.

This helps keep term life premiums lower for young people than permanent policies, which eventually will have to pay a death benefit.

Since the plan also ensures that if he were to survive till the end of the policy term, he will receive all the premiums that he has paid over the entire term thus ensuring that he receives commensurate benefits for the premiums he invests whether it is in the form of the Death Benefit or Maturity Benefit.

A) Both policyowners would need to pay extremely high premiums to make up for the money the life insurance company would lose in death benefit payouts, or B) the life insurance company would go bankrupt with both policyowners paying such low premiums and then no families would receive death benefits.

Shopping around for cheap car insurance after you have already bought a car that attracts a high insurance premium is like medicine after death.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

You choose a death benefit and pay a premium for a certain «term» and if you die during the «term» the insurer pays out the death benefit to your named beneficiary.

You pay a premium (payment) in return for a death benefit (the lump sum that will be paid to your survivors if you die while the policy is in force).

So, for example, if you had $ 100,000 and you wanted to put it into a single premium policy, your death benefit would probably exceed $ 500,000, perhaps as high as $ 750,000.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

Single - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of your life.

Get quotes from multiple insurance companies and make sure that the death benefit and premium amount are satisfactory for your needs and budget.

Premiums are level for the entire length of coverage and you can purchase a policy with no medical exam if the death benefit isn't greater than $ 400,000.

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.

Many times people pay in more in premiums than they get back in death benefit with final expense if the insured lives for more 7 - 9 years.

When shopping for term life insurance, the key policy features which will impact premiums are the term length and death benefit.

A permanent policy is typically not the right fit if you're looking to simply acquire financial coverage for your family in the case that you pass away, as term coverage will offer the same death benefit with much lower premiums.

Term life insurance allows you to leverage a relatively small monthly premium for a large guaranteed death benefit with a lower initial cost than permanent life insurance.

In an indexed universal life policy (IUL), premiums are added to the cash value after subtracting for the cost of the death benefit and fees.

A graded death benefit policy has quite high premiums and for the first couple of years the death benefit is equal to the premiums paid (or sometime double the premiums paid).

Beyond that, the premium coverage with this card includes some personal injury protection: up to $ 5,000 for medical care for the cardholder and each passenger, and up to $ 200,000 accidental death or dismemberment insurance.

This GUL policy often has one of the lowest premiums in the marketplace, making it an excellent choice when you are looking for permanent death benefit protection vs cash value accumulation.

If you die during the first two years, the death benefit paid to your beneficiaries generally will be the amount you paid in premiums plus interest, although some companies will pay the full face amount for accidental death.

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 receDeath 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 recedeath 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 recedeath, amounting to the difference between the initial premium paid and the cumulative income payments received.