Sentences with phrase «receives the full death benefit when»

The new owner takes over premium payments and receives the full death benefit when the insured dies.

[2] The third party becomes the new owner of the policy, pays the premiums, and receives the full death benefit when the insured dies.

The third party becomes the new owner of the policy, pays the premiums, and receives the full death benefit when the insured dies.

Not exact matches

When Jane does die, John will receive the full $ 500,000 death benefit.

When he dies he receives his full $ 500,000 in death benefit.

With a viatical settlement, a viatical settlement company buys your life insurance policy, gives you a percentage of the death benefit upfront, and then pays all the remaining premiums to become the sole beneficiary of your policy — receiving the full benefit when you die.

If the beneficiary sets a time to stop receiving interest payments and is alive when that time comes, they will receive the full death benefit of the policy then.

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

There is a 2 - year waiting period to receive the full death benefit, and cost is determined by age when applying, so we highly recommend buying a policy asap to get the clock running.

The third party takes over paying the policy's premiums and receives the full $ 1 million death benefit when the insured dies.

So, the pig would bail them out and take over ownership of the policy and keep it in force until the insured's death, netting a 100 % profit when they received the full death benefit.