Sentences with phrase «pure death benefit option»

This is because term offers just a pure death benefit option, without any type of cash value build up.

Not exact matches

This is because term life insurance offers just a pure, death benefit protection option — without any cash value or savings build up.

With this type of coverage, you can purchase pure death benefit protection, without any other «bells and whistles» such as cash value or investment options.

If the policy holder chooses the increasing death benefit option, the pure insurance component will remain the same over time; so as the policy's cash value increases, the death benefit increases.

Over time, life insurance policies have evolved from simply offering pure death benefit protection, to providing many additional savings and investment options.

Termsurance Life Protection Insurance plan by IDBI Federal offers you with two options - a.) Pure protection cover, which offers you beneficiary with the death benefit on the account of your death.

o Pure Protection Option: In case of unfortunate demise of the life insured during the policy term, the death benefit (as applicable to the policy) is payable to the nominee.

Simple Reversionary Bonus vested annually from the end of the 1st policy year and is payable on survival during benefit payout term or death of the life insured / maturity of the policy, as applicable under Pure Income Benefit & Income with Maturity Benefit Option respecbenefit payout term or death of the life insured / maturity of the policy, as applicable under Pure Income Benefit & Income with Maturity Benefit Option respecBenefit & Income with Maturity Benefit Option respecBenefit Option respectively.

This is because term life insurance offers just a pure, death benefit protection option — without any cash value or savings build up.

Term life insurance is the simplest and least expensive policy option due to its pure death benefit.