Sentences with phrase «receive policy death benefit»

If you died during this period, your designated beneficiaries would receive the policy death benefit.

Beneficiaries receive policy death benefit proceeds generally free from income taxes and probate delays.

If you die during this period, your designated beneficiaries receive the policy death benefit.

Beneficiaries receive policy death benefit proceeds generally free from income taxes and probate delays.

Not exact matches

AD&D insurance is similar to a life insurance policy in that both offer a death benefit, but your beneficiary wouldn't receive a payout if you died due to an illness.

Further, if the death benefit exceeds the policy cash surrender value, the proceeds received by the beneficiary after the client's death will also be income tax - free.

Should you pass away during the term, your beneficiary will receive the policy's death benefit.

With term and permanent life insurance, you make premium payments so that in the event of your passing, your loved ones and beneficiaries will receive the death benefit proceeds from the policy.

In the case that you pass, the policy beneficiaries should file a claim with the insurer, after which point the circumstances of your death will be reviewed and receive the payout (also called a death benefit or the face value of the policy) so long as everything is in order.

Some permanent policies are eligible to receive dividends, and although they aren't guaranteed, they help to increase the cash value and death benefit of the policy.

However, this means that if something happens down the line that causes the owner of a policy to not want their initial beneficiary to receive their death benefit (such as divorce), it'll still go to the beneficiary they chose during their application.

When you comparison shop, the death benefit amount that your loved ones would receive and the cost of the policy are the most important factors to consider.

Your policy's beneficiary will receive an increased death benefit with this rider, if you would die due to an accident.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

A terminal illness rider, also known as an accelerated death benefit rider, offers you the option of receiving a percentage of your policy's payout immediately in the case you're diagnosed with a terminal illness.

If you pass away during the specified term of the policy, your designated beneficiary will receive the death benefits from your policy.

The amount you receive will be greater than the policy's cash value and less than its death benefit.

Although the contingent beneficiary is named in the life insurance policy, he or she won't receive a portion of the death benefit if any of the primary beneficiaries are still alive.

If the policyholder outlives the term of the policy, however, the beneficiary will not receive a death benefit.

However, since you are no longer the owner of the policy, you won't receive a tax credit when the death benefit is eventually paid.

This rider allows you to receive a portion of your policy's death benefit while you're still alive if you've been diagnosed with a terminal illness (meaning less than 12 months to live).

This means if you die within the first year or two of the policy (for example), you won't receive the full death benefit.

A life insurance policy's cash value is separate from the death benefit, so your beneficiaries would not receive the cash value if you passed away.

If the insured dies while receiving total disability benefits, the policy pays the basic monthly benefit to the owner or owner's estate for up to three months after the insured's death.

Another reason to pay back the policy loan is that the total outstanding balance would be deducted from the death benefit your beneficiaries received if you passed away.

With this coverage, you receive a death benefit if your child dies while your policy is in force.

If you die while your policy is in force, your named beneficiaries will receive the policy's death benefit.

Payment for the face value of the insurance policy or death benefits, which your beneficiary or beneficiaries will receive after you pass away

A different way to receive the death benefit is with a family income life insurance policy — one that treats the death benefit like an income stream instead of a lottery prize.

Since the plan also ensures that if he were to survive till the end of the policy term, he will receive all the premiums that he has paid over the entire term thus ensuring that he receives commensurate benefits for the premiums he invests whether it is in the form of the Death Benefit or Maturity Benefit.

AD&D insurance is similar to a life insurance policy in that both offer a death benefit, but your beneficiary wouldn't receive a payout if you died due to an illness.

So that when that inevitable day arrives, your policy has grown as you aged, allowing your beneficiary to receive a death benefit that has (hopefully) kept up with the pace of inflation.

Those payments are invested in the company's general account, which in turn, guarantees that you or your beneficiaries will receive at least the policy's guaranteed cash value or death benefit.

When you purchase a term policy, you can name specific beneficiaries to receive the death benefit if you pass away.

This rider would allow you to receive up to $ 400,000 or 25 % of your policy's death benefit (whichever is less) if you contracted a terminal or chronic illness.

Your beneficiary receives a death benefit if you die, but if you live out your policy then the insurance

If you become seriously ill, Northwestern Mutual's whole life insurance policies give you the option of receiving your death benefit while still alive.

It's perfectly legal that your uncle received a death benefit upon the deaths of his nephew and brother if he had policies insuring them.

In the case that you pass, the policy beneficiaries should file a claim with the insurer, after which point the circumstances of your death will be reviewed and receive the payout (also called a death benefit or the face value of the policy) so long as everything is in order.

The owner of a life insurance policy has complete control over it and gets to decide who receives the death benefit of the policy.

Northwestern Mutual's policies allow your beneficiaries to choose how they will receive the death benefit if you pass away.

Your policy's beneficiary will receive an increased death benefit, if you die due to an accident.

Just keep in mind that these policies come with a waiting period, or graded benefit, meaning your beneficiaries won't receive the full death benefit if you die soon after purchasing.

A terminal illness rider, also known as an accelerated death benefit rider, offers you the option of receiving a percentage of your policy's payout immediately in the case you're diagnosed with a terminal illness.

Benefits increase 5X in case of accidental death If you die as the result of an accident (as defined in your policy) before age 85, your beneficiary will be eligible to receive five times your coverage amount.

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

Like traditional life insurance, the death benefit of a second - to - die policy can ensure your beneficiaries receive a minimum amount of money, even if savings and other retirement income is spent during the lives of you and your spouse.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

This beneficiary is the individual who will receive the policy's benefits (money payout) upon your death.