Sentences with phrase «provides death benefits»

It also provides death benefits to survivors in the unfortunate event that injuries prove fatal.

Mortgage death insurance is a life insurance policy that provides death benefits meant to pay off the outstanding balance on a home mortgage loan in the event of the insured person's death.

Term life insurance for children provides death benefits if your children die while the policy is active.

This policy provides death benefits up to $ 50,000.

Whole life insurance provides death benefits for as long as you live.

This type of life insurance provides death benefits if the policyholder dies during the specified term, such as 10, 15, or 25 years.

If a person is considering purchasing a burial insurance policy, it is important to remember that burial insurance rarely provides death benefits to family members of the policy holder.

Provides death benefits as well as a cash value accumulation that builds during the life of the policy

Variable Life insurance is offered via a prospectus and provides death benefits and cash values that vary with the performance of a portfolio of underlying investment options.

As a form of permanent life insurance, this plan provides death benefits and a cash value accumulation feature which grows through the life of the policy.

5) Level Death Benefit Whole Life — This policy provides both death benefits and a cash value accumulation portion.

Provides both death benefits along with a cash value accumulation portion which grows tax free.

Whole life insurance is a type of permanent life insurance and it provides death benefits and also allows you to build cash value.

Whole Life is a form of permanent life insurance which provides both death benefits and a cash value accumulation feature.

• Coverage is for life, eliminating the need to renew the policy • Provides death benefits • Cash value accumulation feature, which builds up over the life of the policy • Allows you to borrow against the policy • Allows you to surrender the policy

Anyone employing four or more employees is required to have workman's compensation insurance, which provides death benefits in the event that an employee is killed related to a workplace accident.

«Workers» Comp» also provides death benefits to close relatives of workers who died from a job - related injury or illness.

A life insurance policy provides death benefits for spouses in the form of financial assistance to make up for the loss of income after a loved one passes away.

A basic life insurance policy provides death benefits and is designed to cover loss of income, end - of - life expenses, funeral costs and other financial requirements your loved ones may have should you die unexpectedly.

As the name implies, term life insurance will provide a death benefit if an individual dies within the policy's term, up to 20 years typically.

In this case, you would probably want to consider a guaranteed universal policy, since it provides a death benefit until 121 years of age (or whatever age you choose).

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

Many people use a cash value life insurance policy to save for their retirement and to provide a death benefit to their beneficiaries.

Additional Insured Rider Provides death benefit coverage on the lives of up to three family members without having to purchase separate policies.

For example, a $ 50,000 whole life plan could grow to provide a death benefit of over $ 100,000 over the course of 30 or 40 years if it is allowed to keep growing in value.

While term life insurance and permanent life insurance policies provide a death benefit, they differ in many other respects.

Employee benefits can take the form of death benefit only plans that provide a death benefit for an employee's spouse or family.

It provides a death benefit to your beneficiaries, and also builds a cash value.

Term life insurance is designed to provide death benefits to the named beneficiaries of the policyholder.

Additional Insured Provides death benefit coverage on the lives of up to three family members.

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the policy.

In this case, you would probably want to consider a guaranteed universal policy, since it provides a death benefit until 121 years of age (or whatever age you choose).

It provides a death benefit for your spouse to retire on if you pass away before saving enough for a comfortable retirement or to help bridge that gap of the loss of Social Security benefits.

Taking Care of Many Needs Brighthouse Guaranteed Level Term provides a death benefit that can help your family continue to live the life they are accustomed to.

In addition to providing a death benefit, whole life policies accrue cash value.

A family income policy provides the death benefit in a unique way, but may not provide the full coverage needed with its decreasing value.

You may need an inexpensive term life policy, which lasts 20 - 30 years and provides a death benefit to your family if you pass away during the term.

Whereas, a life insurance contract is an asset that is designed (at least traditionally) to provide a death benefit to one's estate, an annuity is centered around converting a lump sum payment (or series of payments) into a stream of income for a fixed period (usually for life).

Additional Insured Rider Provides death benefit coverage on the lives of up to three family members without having to purchase separate policies.

For example, a second to die policy may provide a death benefit to future generations as part of a revocable living trust distribution plan.

This will cover you for a 20 - 30 year term, and provide a death benefit to your beneficiaries when you die.

Term life insurance provides a death benefit to your beneficiaries if you should die during the number of years, or «term» you choose.

Life insurance policies in fact are so popular that earlier the product which was meant simply to provide death benefit, nowadays has started offering many different features which offer growth in investment, an opportunity to invest in the market, investments that are goal oriented and much more.

This type of policy has a number of benefits as a life insurance solution, and can be used as a savings and investment tool in addition to providing death benefits to your beneficiaries.

If you are considering permanent life insurance — such as whole life, universal life, or variable life insurance — you probably know that these types of policies provide both death benefits and cash value accumulation.

While the primary purpose of life insurance is to provide a death benefit to those you leave behind, some life insurance policies have a cash - out value as well.

So, not only will your policy cover your life, it also will provide a death benefit in the case that one of your children passes away.

In addition to providing death benefits, some policies also accrue a cash value that you can collect at any time if the need arises.

Life insurance can help you plan for retirement, provide death benefits for your dependents, and even manage your tax legacy or plan your charitable giving.

Lifetime Assure universal life insurance is ideal if you're planning for the future and need a versatile insurance policy designed to provide death benefit protection.