Sentences with phrase «rather than the death benefit»

Pacific Indexed Accumulator (IUL) is designed for high cash value growth, rather than the death benefit protection.

Income Advantage is focused on cash value accumulation, rather than death benefit.

Over time, the savings component provided by the policy grows and the death benefit shrinks; if the policyholder dies after the cash value of the policy is fully realized, the entire amount paid comes from the cash value rather than the death benefit.

[42] In other words, Part 7 (at least so far as it is concerned with benefits following injury, rather than death benefits) has two related objects: to compensate an insured person for a portion of the financial loss accrued from temporary total disability caused by a motor vehicle accident; and, where possible, to do so in a manner that brings about the end of the total disability by returning the injured person to employment or self - sufficiency.

The key to high cash value growth is to build a policy focused on cash value, rather than a death benefit.

Over time, the savings component provided by the policy grows and the death benefit shrinks; if the policyholder dies after the cash value of the policy is fully realized, the entire amount paid comes from the cash value rather than the death benefit.

We definitely have some good options when it comes to a participating whole life policy with PUA or Additional Life Insurance riders to help build high cash value rather than death benefit.

If you simply bring it up in terms of planning for you and your spouse's future, or elder members of your family that might require expensive care, you can speak about life insurance as a planning tool rather than a death benefit.

This is a big reason why we urge our clients to focus on affordability rather than the death benefit.

Not exact matches

This may sound counterintuitive, but the goal is to maximize cash value growth rather than use extra money for death benefit protection.

In a life table model, assuming that these observations arose from a causal relation, we estimated the benefits of cessation to be substantial; the benefits on all cause mortality seem likely to be mainly due to reduced progression of cancer rather than prevention of cardiorespiratory disease, but no studies reported cancer specific death rates to confirm this.

With a family income policy, rather than a lump sum of money, the death benefit is paid out in monthly increments as a portion of the total death benefit.

So, rather than tap into your savings, you can tap into your life insurance death benefit.

These policies are typically selected to secure a permanent death benefit rather than for cash value accumulation.

Because the death benefit amount of your cash value life insurance policy may change over time as its cash value grows, make sure to specify a percentage of the proceeds to go to your beneficiaries rather than selecting a dollar amount.

For example, if your death benefit is currently $ 300,000, rather than state $ 100,000 to each of my 3 children, instead state 1/3 to each of my children.

Horizon Guarantee focuses more on permanent death benefit protection, rather than early cash value growth.

It is so basic it should probably be called «death insurance» rather than life insurance, since your primary benefit is that it will pay out a death benefit to your beneficiary.

So much so that more financial consumers say they would rather leave behind family photos (54 %) than a death benefit from a life insurance policy (49 %), according to a new survey from Life Happens.

Rather than your coverage ending like a typical term policy, Custom Choice UL simply lowers the death benefit over time but your premium remains the same.

Another top cash value company and policy, Pacific Life's Pacific Indexed Accumulator (IUL) is designed for high cash value growth, rather than a high initial death benefit.

Continuing under the assumption that you have a defined benefit pension plan that will pay you $ 50,000 per year until you pass away I would say that your pension plan is more similar to a life annuity rather than a GIC since a GIC comes to term whereas an annuity pays until death, but if you are trying to put a value on the holding of your pension plan I would say that yes, it is fair to count it as a million dollar GIC at 5 %.

Key person life insurance policies are taken out by companies on their employees, with death benefits that are paid to the company, rather than to the insured person or to their estate or heirs.

So much so that more financial consumers say they would rather leave behind family photos (54 %) than a death benefit from a life... more

Income Protection Option: Rather than the typical lump sum payout upon death, you can choose to pay your beneficiary the death benefit a monthly income stream.

If your beneficiaries elect to receive the death benefit as installments rather than a lump sum, some of that will be taxed.

Rather than change plans and possibly come out of retirement, your spouse can be taken care of with your death benefit.

This may sound counterintuitive, but the goal is to maximize cash value growth rather than use extra money for death benefit protection.

Particularly when we are focused on a death benefit, rather than cash value accumulation, a relatively small sum of money can purchase a large death benefit.

As a secondary focus, sometimes a term life policy rider is added to a policy to add death benefit, rather than adding it to the whole life policy at the expense of cash value accumulation.

Rather than selling your policy, some insurance companies allow you to collect a portion of your death benefit before you die.

Accessing the death benefit to pay for long term care costs decreases your death benefit, but it is a valuable resource to have, rather than tapping into your nest egg.

Flexible premiums and death benefit, rather than fixed.

Alternatively, if it is determined that the policy has real economic value to keep, the advisor and client should consider whether it makes more sense to simply keep the policy to benefit directly from the long - term value of the death benefit, rather than sell as a life settlement (since by definition, if it's valuable to a buyer to purchase, it's valuable to the seller to keep it!).

Second, palliative care and, more generally, end of life care, is benefitted rather than harmed by the decriminalisation of assisted death.

LTCSO is not additional monetary benefit, but an early payout of a death benefit to the insured rather than to a designated beneficiary.

There are a variety of reasons why a policy owner may choose an increasing rather than the level death benefit.

Some companies may want to add an additional layer of benefits to the employee, and might use the life insurance policy as a makeshift deferred benefit plan, dedicating a certain percentage of the death benefit to the employee's beneficiaries, rather than just the company.

There are many tax advantages to owning your policy for life, rather than renting a death benefit for a term.

In addition, insurers may refuse to pay death benefits if they suspect that a policy was initiated by an investor, rather than the insured person.

Terminal illness insurance, also known as an accelerated death benefit, pays out similarly to life insurance, excep it is triggere before death rather than after death.

With the letter, they will approve you for a level death benefit rather than assuming you are / were a cancer patient.

In addition, with the flexible death benefit, if you start out thinking you need a lot of coverage, but later decide less is more, then you can adjust your policy death benefit down to something more in line with your budget, rather than having to cancel and try and get a new policy.

The insurance company will simply refund all your premiums plus interest during this time rather than pay out the death benefit.

Rather than leaving a family behind to liquidate assets and struggle financially, the death benefit covers all the main costs and enables the loved ones to continue living within their means.

It appears Ledger's (then) 2 - year - old daughter, Matilda, received a percentage of the $ 10 Million death benefit from the insurance carrier, ReliaStar Life Insurance Co., rather than all of it.

This means that if the insured passes away within the first two or three years that the policy is in force, the named beneficiary will only receive a portion of the death benefit rather than the entire stated amount.

This may sound counterintuitive, but the goal is to maximize cash value growth rather than use extra money for death benefit protection.

There are a few edge cases, like if the death benefit is rolled up in an estate tax or if your beneficiaries elect to receive it in installments rather than a lump sum, but for the most part the money is paid out without being reduced by taxes.

With this rider, if you become terminally ill, you can access the death benefit to pay for medical costs rather than saddling your loved ones with debt.