Sentences with phrase «premiums less any withdrawals»

Not exact matches

Paying a single premium will likely cause the policy to become a Modified Endowment Contract (MEC), resulting in less favorable income tax treatment and the potential for tax penalties on loans and withdrawals.

Should the contract value be less than the greater of either one Lifetime Annual Payment or the minimum contract value, the death benefit reverts to traditional return of premium, and is reduced proportionately by all past and future withdrawals.

For owners aged 70 - 75 at issue, EarningsMax is calculated at 25 % of contract earnings (earnings not to exceed a maximum of 100 % of premium payments, excluding subsequent premium less than 12 months old and adjusted for withdrawals).

For owners aged 70 — 75 at issue, EarningsMax is calculated at 25 % of contract earnings (earnings not to exceed a maximum of 100 % of premium payments, excluding subsequent premium less than 12 months old, and adjusted for withdrawals).

Some life insurance may offer death benefit options, including: a specific benefit that does not vary; a face amount plus the policy value; or the face amount plus premiums paid less withdrawals and loans.

Regardless of economic fluctuations, your client will never receive less than total premium payments, less any previous withdrawals or outstanding loan balances.

The death benefit is similar to the Wealth Protect Plan which is higher of sum assured less any withdrawals, fund value or 105 % of the premium paid.

No Lapse Guarantee1 The policy is guaranteed to remain in force during the first five policy years if the total premium paid (less withdrawals and indebtedness) is at least equal to the cumulative monthly no lapse premium required.

Additionally, no tax is paid when you withdraw money from the account as long as withdrawals are less than your basis (the total amount of premium you've paid to the policy).

If you want to withdraw part of the cash value of your policy, know that as long as the amount taken out is less that the premiums you've paid into your policy, the withdrawal will not be taxed.

With this plan, there are different death benefit options, such as 1) necessary face amount; 2) face amount plus accumulated value, or 3) face amount plus a sum of premiums, less any withdrawals.

Assured Maturity Benefit = (101 % * «Total Premiums» paid till date) less the Total Partial Withdrawals made till date (if any).

Paying a single premium will likely cause the policy to become a Modified Endowment Contract (MEC), resulting in less favorable income tax treatment and the potential for tax penalties on loans and withdrawals.

b) higher of sum assured (less partial withdrawal) or base premium fund value, plus higher of top - up sum assured or top - up premium fund value.

The Sum at Risk at any point of time is the higher of (Sum Assured less Deductible Partial Withdrawal, 105 % of premiums paid) less Fund Value under the policy.

On death of the policyholder, higher of the Sum Assured net of partial withdrawals made in the last 2 years if the age attained was less than 60 years orFund Value subject to a minimum of 105 % of all premiums paid till death is payable

If age attained was more than 60 years, higher of the Sum Assured less withdrawals made after age 58 or the Fund Value subject to a minimum of 105 % of all premiums paid is payable

Higher of, The Sum Assured plus the top - up Sum Assured the net of any partial withdrawals done in the last 2 years if age is less than 60 years or withdrawals made after attaining 58 years if age is more than 60 years or Fund Value including the Top - up Fund Value subject to a minimum of 105 % of premiums is paid to the nominee.

On death of the policyholder, higher of the Sum Assured SA net of partial withdrawals made in the last 2 years if the age attained was less than 60 years or Fund Value subject to a minimum of 105 % of all premiums paid till death is payable

In case of death within the term of the plan, higher of the chosen Sum Assured less any partial withdrawals made 12 months prior to death or 105 % of the total premiums paid till the date of death or the available Fund Value is paid to the nominee

Life Option: The nominee shall receive higher of sum assured less applicable partial withdrawals or fund value or 105 % of premiums paid

Sum at Risk is higher of (Sum Assured less Partial Withdrawals, 105 % of premiums paid) less Fund Value under the policy.

In the event of death of the life insured during the term of the policy, the highest of Basic Sum Assured less applicable partial withdrawal, 105 % of the Premiums paid, or Fund Value in the Main Account including Loyalty Additions is payable.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured (less Partial Withdrawals #), Fund Value, or 105 % of the total premiums paid (less Partial Withdrawals #) till the date of death.

Scenario A - Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured including top - up sum assured (less partial withdrawals if any), Fund Value including top - up fund value, Or 105 % of total premiums paid including top - up premiums paid as on the date of death.

Scenario B - Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured (less Partial Withdrawals), Fund Value, or 105 % of the total premiums paid (less Partial Withdrawals) till the date of death.

In the event of death of the life assured, the Death Benefit payable is higher of Sum Assured under the Base Plan less partial withdrawals #, 105 % of Total premiums paid, or Fund value under the Base Plan.

Scenario B - Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured under the Base Plan less partial withdrawals, 105 % of Total premiums paid, or Fund value under the Base Plan.

Scenario B - Death Benefit: In the event of his death during the policy term, the higher of Basic Sum Assured less applicable partial withdrawal, Fund Value in the Main Account, or 105 % of the Premiums paid.

Scenario B - Death Benefit: In the event of his death during the policy term, the highest of Basic Sum Assured less applicable partial withdrawal, 105 % of the Premiums paid, or Fund Value in the Main Account including Loyalty Additions is payable.

Scenario B - Death Benefit: In the event of his death during the policy term, the highest of Basic Sum Assured less applicable partial withdrawal, 105 % of the Premiums paid, or Fund Value in the Main Account is payable.

Total premiums paid including top - up premiums paid till the date of maturity compounded at 1.00 % p.a. less partial withdrawals made, if any or

Under Regular Premium policies where less than 3 years» premiums have been paid and further premiums are not paid, the partial withdrawals shall not be allowed.

A. Total premiums paid including top - up premiums paid till the date of maturity compounded at 1.00 % p.a. less partial withdrawals made, if any.

Maximum Partial withdrawal: Fund Value of the Top Up Sum Assured less 50 % of Total Top - up premium amount

Scenario A - Maturity Benefit: In case of his survival till maturity of the policy, the higher of Total premiums paid including top - up premiums paid compounded @ 1 % per annum less partial withdrawals Or Balance in your Individual Policy Account.

The minimum amount for partial withdrawal is Rs 10,000, provided the fund value is not less than 150 % of your original regular premium after the withdrawal.

In the event of death of the life insured, the beneficiary is entitled to receive following benefit: For Gold Option: The higher of Sum Assured less partial withdrawals # or Fund Value is payable, subject to a minimum of 105 % of the total premiums paid, as on the date of death.

On survival of the life insured till the end of the policy term, the higher of Total premiums paid including top - up premiums paid compounded @ 1 % per annum less partial withdrawals Or Balance in your Individual Policy Account.

Scenario B - Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured (less Partial Withdrawals), Fund Value, or 105 % of the basic premiums paid till the date of death.

On survival of the life insured till the end of the policy term, the higher of fund value or Assured maturity benefit (101 % * «Total Premiums» paid till date) less the Total Partial Withdrawals made till date (if any) is payable on the maturity date.

On attaining 60 years or above, the higher of Sum assured less partial withdrawals (after attaining 58 years), 105 % of all premiums paid or Fund value.

In the event of death of the life insured, the beneficiary is entitled to receive following benefit: For Gold Option: The higher of Sum Assured less partial withdrawals #, Policy Account Value, or 105 % of the total premiums paid, as on the date of death.

Scenario B - Death Benefit: In the event of his death during the policy term, Before age 60 years, the Death Benefit payable is higher of Sum assured less partial withdrawals (in preceding two years), 105 % of all premiums paid or Fund value.

The fund value required after such withdrawal should not be less than twice the annualized regular premium (for regular pay) & 20 % of the Single Premium (for single pay).

The fund value required after such withdrawal should not be less than 120 % of annualized premium.

Scenario B - Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums paid.

Scenario B - Death Benefit: In the event of his death when the policy is in - force, the higher of Sum assured less partial withdrawals (in the preceding two years), 105 % of all premiums paid or Fund value is payable to the nominee.

Life Option Before age 60 years, the Death Benefit payable is higher of sum assured less partial withdrawals (in preceding two years), 105 % of all premiums / single premium paid or Fund value.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum Assured (less Partial Withdrawals #), Fund Value, or 105 % of the total premiums paid till the date of death.