Sentences with phrase «pure death benefit amount»

With term life insurance, the insured is covered with a pure death benefit amount, and there is no cash value, or savings build up that is associated with these policies.

Not exact matches

Often called pure protection life insurance it is the most affordable life insurance product on the market because it offers the most «bang for your buck» in terms of monthly premium vs death benefit amount.

The difference between that cash value savings and the total death benefit amount is the pure insurance amount, which is also called the «net amount at risk» or «at - risk amount» and refers to the amount of risk, quantified in dollars and cents, that the insurer is taking for insuring (underwriting) your life.

Since Amulya Jeevan II is a pure insurance plan, the plan only offers death cover or death benefits which means that if the policyholder meets with death at any time during which the policy is in force then LIC will give to the nominee (s) of the policy holder's Amulya Jeevan II policy the sum assured on death amount.

A pure term plan offers mainly the death benefit lump - sum amount only.

A pure term insurance plan that provides life Insurance cover to you by paying a lump sum benefit to your family in case of an unfortunate death.Choice of single or regular premium payments and an additional amount in case of an accidental death.

To fulfill the IRC definition of life insurance, life insurance contracts must provide for a sufficient «amount at risk» — the pure death benefit protection that a beneficiary would receive upon the death of the insured.

Criteria will also include the size of the business, the amount of death benefit required, and whether or not the company has a need for a cash value build up component versus just pure life insurance protection.