Sentences with phrase «receive the full death benefit as»
If the insured never needs long - term care, the beneficiaries receive the full death benefit as they would with any typical life insurance policy.
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If the insured never needs long - term care, the beneficiaries receive the full death benefit as they would with any typical life insurance policy.
Most GI policies have at least a 2 - year waiting period before the beneficiary can receive the full death benefit as a result of a death due to a medical condition.
Not exact matches
The selling policyowner receives an upfront cash payment in exchange for transferring ownership of the life insurance policy — typically more than any existing cash value but less than the policy's full death benefit — and the investor as the new owner then continues to make the ongoing / annual premium payments.
Many surviving spouses with young children elect to receive death benefits as an annuity to ensure a long - term income and avoid having to work full - time outside of the home.
The mortgage protection insurance your family receives as a «death benefit» will not be taxed; they will receive the full amount stated in the insurance policy, tax - free.
The selling policyowner receives an upfront cash payment in exchange for transferring ownership of the life insurance policy — typically more than any existing cash value but less than the policy's full death benefit — and the investor as the new owner then continues to make the ongoing / annual premium payments.