Sentences with phrase «remaining death benefit paid»

For example, the insured could receive long - term care services for one year, then withdraw a portion of the cash value and have the remaining death benefit paid to the policy beneficiary.

Not exact matches

On the other hand, whole life policies do not expire if the premiums are paid and thus the death benefit will be paid eventually provided the policy remains in force.

Lump sum plus Monthly Income: Half of the death benefit will be paid out as lump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 years.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

Especially if you want your firm to remain in your family's hands, you may find the annual bill (even if it's not tax deductible) to be a low price to pay for a tax - free death benefit.

Single - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of your life.

Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments receDeath Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments reBenefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments rebenefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath, amounting to the difference between the initial premium paid and the cumulative income payments received.

Any remaining benefit transfers to the remaining spouse at death, who continues to pay for his or her single premium policy.

And upon the death of the second spouse, the remaining death benefit is paid out to the beneficiaries.

For DIAs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

With mortgage life insurance, the death benefit or coverage amount declines as your mortgage balance decreases, but the premium you pay remains the same.

The company takes their profit, a portion goes into a pool to pay death benefits to those who die, the salesman gets their percentage and the remaining goes into a conservative investment.

Lumpsum plus Monthly Income: Half of the death benefit will be paid out as lumpsum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 years.

If the policyowner dies while the policy remains in effect, the death benefit is paid out to the listed beneficiary or beneficiaries, while the cash value becomes the property of the insurance company.

He unexpectedly dies but because they live in a community - property state and John paid premiums with «jointly owned» income, Jane automatically receives half of the death benefit, with the remaining half going to John's parents, even though she wasn't listed on the policy.

On 15 June 2015, Justin's remaining superannuation interest is paid to Edwina, his spouse, as a death benefit income stream from SMSF A. Edwina also has her own accumulation interest with SMSF A.

These can include having permanent death benefit coverage, provided that premiums are paid within the grace period and that the policy remains in - force.

In a $ 500,000 whole life insurance policy with a level death benefit, as the premium is paid, fees and sales charges are deducted, and the remaining amount is credited to the cash value.

After paying a lower premium for such a life annuity, the employee would be able to retain a larger portion of his or her account, maximizing the employee's lifetime benefits, while also leaving larger death benefits for a beneficiary, from the remaining amount of the account.

Once in place, it will remain in place (assuming that all premiums are paid) until the death benefit reaches the beneficiary at death.

My question is: we think we should pay back the borrowing; if we do we assume the death benefit returns to the original 3.5 m and that the monthly premium cost will remain the same $ 9,871 per month.

In a policy with a level death benefit, for instance $ 500,000, as the premium is paid fees and sales charges are deducted and the remaining amount is credited to the cash value.

The premiums you pay remain the same for the term and cover death benefits only.

This simply means that your death benefits remain the same throughout the life of the policy and the premiums you pay are generally fixed.

Decreasing Term Life Insurance — With this type of policy, the death benefits decrease over various designated time increments throughout the life of the policy, but the premiums you pay remain the same.

His remaining death benefit of $ 10,000 is paid to his beneficiaries.

Accelerated benefit will be paid if the covered person has been continuously confined to a nursing home facility for 180 days and is expected to remain confined until his or her death.

Should the insured pass away before monthly payout period ends, remaining death benefit is paid to the designated beneficiary as authorized by the owner

His beneficiaries will receive his remaining death benefit which will help them pay for his final expenses.

• Decreasing Term Life Insurance — Here, the death benefits decrease over designated time increments throughout the life of the policy, but the premiums you pay remain the same.

Because the typical universal policy has a much greater focus on level premiums and level death benefit, there is little to no cash remaining in the policy after several years as it's used to pay the difference in mortality cost as the insured ages.

If you were to die during the time period specified in your policy (and the policy remains in force), then a death benefit will be paid out.

Single - premium variable life insurance allows you to buy insurance with a single premium (lump sum) payment in return for a guaranteed death benefit that will remain paid - up until you die.

And speaking of the death benefit, because it's used to pay off your mortgage balance in most cases, it usually decreases after the first five years of coverage to match your remaining mortgage.

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.

Under Option B, 50 % of the death benefit is paid in lump sum and the remaining is paid in instalments under the Family Income Bbenefit is paid in lump sum and the remaining is paid in instalments under the Family Income BenefitBenefit.

Under the instalment option, 20 % of the Sum Assured is paid on death and the remaining benefit can be availed over a period 10, 15 or 20 years @ 11 %, 8.37 % or 7.12 % of the Sum Assured respectively.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

The key man policy's death benefit could be used to pay any debts, provide employee severance, shut down the business, and distribute any remaining funds to investors.

A death benefit is received when each insured dies, and premiums are paid on the remaining policies.

Option A is often referred to as a «level death benefit»; death benefits remain level for the life of the insured, and premiums are lower than policies with Option B death benefits, which pay the policy's cash value — i.e., a face amount plus earnings / interest.

If you pass away during the term (duration) of your mortgage life insurance policy, the death benefit is paid to the person you choose (beneficiary) who can use the money to pay off your outstanding mortgage loan, and use any remaining money for any purpose, such as, living expenses, education, paying off credit cards, provide for your funeral and burial costs, etc..

This type of coverage is a type of permanent life insurance coverage, meaning that the death benefit will remain as long as the insured continues to pay the premiums.

Typically, the death benefit coverage will remain in force, provided that the premium is paid.

The insurance comes with an accelerated death benefit rider which pays out early if the insured is diagnosed with a terminal illness and given less than 12 months or if the insured is confined to a nursing home for more than 90 days and is expected to remain confined for the duration of the insured's life.

remaining 90 % of the Death Benefit shall be paid as monthly income over next 15 years (0.5 % of Death Benefit every month for 15 years)

These can include having permanent death benefit coverage, provided that premiums are paid within the grace period and that the policy remains in - force.

It is important to note here, though, that any un-repaid balance in the cash value that remains at the time of the insured's death will be charged against the amount of the death benefit that is paid out to the policy's beneficiary.

Upon the death of the insured, the death benefit will be reduced by the amount of the lien, and the remaining death benefit will be paid.

Much like other types of insurance, the death benefit paid to the life insurance beneficiary will remain the same throughout the policy.