Sentences with phrase «provides normal death benefit»
Not exact matches
Most of these riders provide double the normal death benefit compared with that of a normal life insurance policy.
https://pocketsense.com/
If the insured was to die as a fare paying customer on an airplane, train, or bus; Mutual of Omaha will automatically provide an extra benefit that is equal to the face value of the policy up to $ 250,000 in addition to the policy's normal death benefit.
A person who applies for a life insurance policy with a death benefit higher than what the insurance company deems normal and ordinary may have to provide further documentation or explanation for the request.
As per available information, this plan provides 10 times of single premium amount as Sum assured on death (as death benefit), so maturity proceeds (Normal sum assured + LA) are tax - free.