Sentences with phrase «receive the full death benefits for»

You will automatically qualify for the policy, but it is the most expensive type available, there is usually a limit to the benefits placed on the policy, and your beneficiaries will not receive the full death benefits for a preselected period of time after it is put into effect.

Not exact matches

By this he meant he must be raised up on his cross in death in order for the people to receive the full benefit of his ministry.

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

In addition to the higher premiums, one of the main drawbacks to a guaranteed issue life insurance is that your beneficiaries wouldn't receive a full death benefit until your policy has been in force for a specific length of time (typically between one or two years, depending on the life insurance company).

College Education Benefit for Children and Spouse: Your beneficiary will receive 2 % of your accidental death benefit (up to $ 3,000 per year) for each of your children (and / or spouse) attending college full - time on the date of the acBenefit for Children and Spouse: Your beneficiary will receive 2 % of your accidental death benefit (up to $ 3,000 per year) for each of your children (and / or spouse) attending college full - time on the date of the acbenefit (up to $ 3,000 per year) for each of your children (and / or spouse) attending college full - time on the date of the accident.

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.

(If however, the insured remains alive for at least two more years, the beneficiary will receive the full amount of the death benefit after that).

In order to receive full death benefits, the insured must hold the policy for at least three years.

If you die on active duty, SGLI will allow your family to receive an extra $ 150,000 payment up to the maximum allowed coverage of $ 400,000, so you have the option to pay for a lower coverage amount and still receive the full $ 400,000 death benefit depending on the circumstances.

Either way, if an unexpected death happens within the first 2 years, your beneficiaries will still receive a tax free benefit, it just won't be for the full amount.

For those who don't know (anyone reading this site is probably pretty knowledgeable on the subject), you can borrow from your policy without touching your credit, earn dividends if it's a participating policy, pay it off in full early, and even receive the full death benefit while still alive if you make it past age 100.

If you purchase a long - term care hybrid policy and never actually need long - term care, most life insurance companies have set it up so that the money you've paid in for the rider will ultimately be rerouted to your regular life insurance coverage, and your beneficiaries will receive the full death benefit amount.

This «level death benefit» option assures your family will receive the full amount you insured for yourself and loved ones when you die.

What this means is that policyholders will only receive a percentage of the death benefit for the first three years the policy is owned — until the policy reaches full or level benefits at year three.

If, however, the senior insured dies after owning the policy for longer than two years, and then the beneficiary would be able to receive the full amount of the death benefit that is stated in the policy.

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.

In the event of accidental death on a plane, bus or train that was paid for with the credit card, the survivors of the cardholder receive the full benefit.

If your death is the result of a covered accident, your beneficiary will receive the full benefit you were approved for from day one.

However, if the policy has been owned for several years before the insured passes away, the named beneficiary (or beneficiaries) will receive the full amount of the policy's death benefit proceeds.

For example, should the insured pass away within the first two years that the policy is in force, the beneficiary (or beneficiaries) may only receive back a refund of the premium instead of the full death benefit amount.

If the insured person passes away before being insured for at least two years, your beneficiary will only receive a portion of the death benefits, not the full coverage amount.

Although there is a two year waiting period for beneficiaries to receive the full death benefit and the cost of these policies are high, their premiums are guaranteed for life.