Sentences with phrase «receive additional death benefits»

You can also receive additional death benefits above and beyond the face value if you die in an auto accident or public conveyance.

The whole life insurance policy, with a guaranteed death benefit of $ 1,000,000 can receive additional death benefits from dividends.

If the insured dies due to an accident, as defined in this rider, beneficiaries will receive an additional death benefit.

Not exact matches

2) Bharti AXA Life Accidental Death Benefit Rider (UIN: 130B008V01): Under this rider you will receive additional sum assured as chosen in case of unfortunate event of death due to an acciDeath Benefit Rider (UIN: 130B008V01): Under this rider you will receive additional sum assured as chosen in case of unfortunate event of death due to an accideath due to an accident.

Should you die while the policy is in force, your beneficiaries will receive not only your the initial face value as a death benefit, but also it's common for dividends to buy additional insurance by way of what are called «paid up additions», so the death benefit could actually be higher than the face value at the purchase of the policy.

With the accidental death benefit rider, should the insured die due to a qualifying accident, his or her named beneficiaries would receive an additional amount of death benefit.

So if he dies at age 70, the beneficiary would receive a total of $ 500,000 death benefit, plus the additional cash value amount of $ 600,000.

There are even chronic illness riders that offer additional benefits, such as the owner receiving a stream of monthly payments up to 100 percent of their remaining death benefit.

As with signing over the death benefit, you will also receive additional tax related benefits for implementing this strategy as well.

If you passed in a vehicular accident while wearing a seatbelt, you beneficiary receives an additional 10 % on top of your death benefit

If the death benefit face value is $ 250,000 (for example), and the beneficiary elects to receive monthly payments instead of the lump sum amount, the additional interest received above the $ 250,000 face amount is taxable.

That it's not all bad news when it comes to the graded death benefit policies because in most cases, if an insured dies from «natural» causes during the graded death benefit period, most guaranteed life insurance policies (or at least the ones we offer here at TermLife2Go) will have some «reimbursement program» whereby the insured's beneficiary will receive back some if not all of the premium payments that the insured paid plus some type of additional interest earns as well.

Hence, we offer you the Extra Life option in which, in addition to the life option benefits, your nominee will receive an additional sum assured in event of death due to an accident.

His wife, who is his nominee, receives the Death Benefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shown bDeath Benefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shownBenefit which is highest of the Base Sum Assured or Base Fund Value or 105 % of the premiums paid, plus an additional amount equal to Sum Assured as an accidental death benefit, as shown bdeath benefit, as shownbenefit, as shown below.

Accidental Death Benefit Rider — you will receive an additional sum assured in case of death of the Life insured due to an accDeath Benefit Rider — you will receive an additional sum assured in case of death of the Life insured due to an accdeath of the Life insured due to an accident

If he dies in an accident, then his wife would receive the basic sum assured & additional sum assured on account of Accidental Death Benefit Rider.

Accidental death and disability benefit rider: Here, you will receive an additional sum assured in case of death of the life insured due to an accident

The DHFL Pramerica Traditional Accidental Death Benefit Rider in which the nominee will receive an additional Sum Assured on the accidental death of the policyhoDeath Benefit Rider in which the nominee will receive an additional Sum Assured on the accidental death of the policyhodeath of the policyholder.

If the person insured passes away, the nominee receives the Death Benefit, which is the Death Sum Assured plus Additional Annual Payouts and the scheduled annual payouts.

Death Benefit Available — the nominee receives Sum assured + accrued bonus + guaranteed additional bonus + terminal bonus.

Having this policy means, if the life assured becomes a victim of an accidental death, the nominee will receive an additional benefit over and above the base policy coverage that is why it is said Extra Life option.

Bajaj Allianz Accidental Death Benefit Rider (UIN: 116B034V01): On choosing this Rider, your nominee gets entitled to receive the additional Rider Sum Assured, in case of your untimely death, occurring as a result of an acciDeath Benefit Rider (UIN: 116B034V01): On choosing this Rider, your nominee gets entitled to receive the additional Rider Sum Assured, in case of your untimely death, occurring as a result of an accideath, occurring as a result of an accident.

Participation in Profits benefit: This plan is eligible to participate in corporation's profits and receive Simple Reversionary Bonuses or any final additional bonus when a claim is made either by death or maturity provided the policy is active.

Living Benefits Rider (LBR)-- Included at issue for no additional premium, this rider allows the policy owner to receive a portion of the policy's death benefit if the insured is diagnosed as terminally ill.

That way, if your death benefit has grown, your children will receive the full amount you intended without additional paperwork and potential costs, which could include legal fees and court interaction.

Additionally, if the death is due to an accident, the nominee will receive additional accidental death benefit (ADB).

The nominee will receive an additional 100 % of sum assured in 120 monthly installments over a period of 10 years, which commences from the date of payment of the death benefit.

This option would guarantee the beneficiary that the plan would receive an additional pre-determined amount of money that would be above and beyond the death benefit in the event that the annuitant dies before the annuity's maturity.

In addition to the Death Benefit, the nominee will receive an additional Sum Assured and the policy will terminate thereafter.

Death benefit Option1: In case of death of the Life Assured, nominee will receive the following: Higher of Sum Assured or Fund Value or 105 % of total premiums paid Death benefit Option2: Triple Benefit Option In case of death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105 % of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit) + Amount equal to the annual premium will be paid every year to the nominee (Income BeneDeath benefit Option1: In case of death of the Life Assured, nominee will receive the following: Higher of Sum Assured or Fund Value or 105 % of total premiums paid Death benefit Option2: Triple Benefit Option In case of death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105 % of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit) + Amount equal to the annual premium will be paid every year to the nominee (Income Bebenefit Option1: In case of death of the Life Assured, nominee will receive the following: Higher of Sum Assured or Fund Value or 105 % of total premiums paid Death benefit Option2: Triple Benefit Option In case of death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105 % of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit) + Amount equal to the annual premium will be paid every year to the nominee (Income Benedeath of the Life Assured, nominee will receive the following: Higher of Sum Assured or Fund Value or 105 % of total premiums paid Death benefit Option2: Triple Benefit Option In case of death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105 % of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit) + Amount equal to the annual premium will be paid every year to the nominee (Income BeneDeath benefit Option2: Triple Benefit Option In case of death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105 % of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit) + Amount equal to the annual premium will be paid every year to the nominee (Income Bebenefit Option2: Triple Benefit Option In case of death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105 % of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit) + Amount equal to the annual premium will be paid every year to the nominee (Income BeBenefit Option In case of death of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105 % of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit) + Amount equal to the annual premium will be paid every year to the nominee (Income Benedeath of the Life Assured during the Policy Term, nominee will receive the following: Higher of Sum Assured or 105 % of total premiums paid + All future premiums due will be paid by the Company (additional savings benefit) + Amount equal to the annual premium will be paid every year to the nominee (Income Bebenefit) + Amount equal to the annual premium will be paid every year to the nominee (Income BenefitBenefit).

In this case, the named beneficiary on the no medical exam policy may only be able to receive back the amount of premiums that were paid into the policy (possibly with a small amount of additional interest), or a certain percentage of the stated death benefit.

In the case of death of the life assured because of an accident, the nominee will receive 50 % of additional sum assured along with the usual death benefit of sum assured and accumulated bonus.

Paid - up additional insurance increases the total death benefit as well as the cash value the policy owner can either borrow as a loan or receive upon the cash surrender of the policy.

o Disability Benefit (Disability Plus): In case the life insured suffers from accidental total and permanent disability, he / she receives Sum Assured + additional accidental death cover + cover against accidental total and permanent disability.