Sentences with phrase «returned as death benefit»

If death happens in the first 1 year 11 months of the plan, 105 % of the premiums paid are returned as death benefit.

Not exact matches

The contract comes with a return - of - premium death benefit as standard and investors up to 90 years old are eligible to purchase the product.

Elite Choice also offers traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, combined with the potential for additional interest linked to the return of an index.

Among them are the rights to: bullet joint parenting; bullet joint adoption; bullet joint foster care, custody, and visitation (including non-biological parents); bullet status as next - of - kin for hospital visits and medical decisions where one partner is too ill to be competent; bullet joint insurance policies for home, auto and health; bullet dissolution and divorce protections such as community property and child support; bullet immigration and residency for partners from other countries; bullet inheritance automatically in the absence of a will; bullet joint leases with automatic renewal rights in the event one partner dies or leaves the house or apartment; bullet inheritance of jointly - owned real and personal property through the right of survivorship (which avoids the time and expense and taxes in probate); bullet benefits such as annuities, pension plans, Social Security, and Medicare; bullet spousal exemptions to property tax increases upon the death of one partner who is a co-owner of the home; bullet veterans» discounts on medical care, education, and home loans; joint filing of tax returns; bullet joint filing of customs claims when traveling; bullet wrongful death benefits for a surviving partner and children; bullet bereavement or sick leave to care for a partner or child; bullet decision - making power with respect to whether a deceased partner will be cremated or not and where to bury him or her; bullet crime victims» recovery benefits; bullet loss of consortium tort benefits; bullet domestic violence protection orders; bullet judicial protections and evidentiary immunity; bullet and more...

Premiums can be high and you could earn a better return in the stock market, but ROP policies offer a full death benefit as well as the possibility of a cash windfall if you outlive the term.

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

The death benefit is essentially a «target» using an assumption of cash value performance, such as a 4 % annual rate of return.

With whole life insurance, the guaranteed annual rate of return is lower than you might get with alternative investments, but you may want your child to have a death benefit as well.

Elite Choice also offers traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, combined with the potential for additional interest linked to the return of an index.

For the Return of Premium death benefit, annual charges are calculated as a percentage of the GMWB Charge Base.

Previously, the anti-detriment provision enables a super fund to claim a deduction in their tax return for a top - up payment made as part of a death benefit payment where the beneficiary is the dependant of the person.

With the cash refund payout option (also known as the death benefit), you are guaranteed that any principal (premium paid into the contract) not yet returned through income payments will be returned to your beneficiary upon your passing.

Seg funds are simply a special kind of mutual fund with three extra features thrown in (for a fee, of course): (1) A certain amount of creditor protection, as they are considered as insurance policies (2) Downside protection in the form of a promise to return 75 % to 100 % of capital in a certain number of years, usually ten and (3) a death benefit that allows the beneficiary to redeem the fund at the purchase price in the event of death within the 10 year period.

These could be extras such as waiving premiums if you're disabled for a certain period of time, converting a term policy to a permanent policy, returning paid premiums if you outlive your policy's term, or, as we'll talk about here, receiving death benefits early.

[42] In other words, Part 7 (at least so far as it is concerned with benefits following injury, rather than death benefits) has two related objects: to compensate an insured person for a portion of the financial loss accrued from temporary total disability caused by a motor vehicle accident; and, where possible, to do so in a manner that brings about the end of the total disability by returning the injured person to employment or self - sufficiency.

These factors included comparing the lower cost of living in Mexico to purchasing power in the United States, since his family returned to the U.S. after his death; and the cost of benefits, such as housing and children's schooling, which were provided in Mexico.

Provides coverage for long - term care expenses if necessary, as well as a death benefit or a return of your initial premium if you not Lincoln Financial's Funding Life Long - Term Care products are available online and are searchable by state.

J. RETURN OF MORTAL REMAINS — In the event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured PRETURN OF MORTAL REMAINS — In the event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Preturn the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Preturn of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Person.

It is an intermediary type of Life Insurance as, on the one hand, it ensures the death benefit to your beneficiaries and, on the other hand, the return of the premium provision is a sort of investment, though it is not sold as investment.

If you need to return home early due to covered reasons, such as death of a close relative or your house being on fire, trip interruption benefit will provide the coverage for additional expenses you may incur to get home earlier.

In case of her unfortunate death in the 8th policy year, the death benefit, based on the assumed investment returns, are as per the table given below:

These could be extras such as waiving premiums if you're disabled for a certain period of time, converting a term policy to a permanent policy, returning paid premiums if you outlive your policy's term, or, as we'll talk about here, receiving death benefits early.

But many annuities reduce this risk by offering a death benefit, such as a return of some or the entire principal to your heirs upon death if you haven't started receiving income payments yet.5 Even if you have started receiving payments but the payments haven't reached the amount of premium you paid, your heirs may receive a refund of the unused premium.

The insured either gets the death benefit or the survival benefit as the case may be.The returns from a monthly income plan is fixed and guaranteed as it is untouched by market fluctuations.The insured also gets terminal bonus and simple reversionary bonus.

With interest - sensitive whole life insurance, you can have more flexibility with your life insurance policy such as increasing your death benefit without raising your premiums depending on the economy and the rate of return on your cash value portion.

American National's indexed universal life insurance products offer the same features as the company's regular universal life — such as death benefit and cash value build up — but they also offer this ability to earn an additional amount of return.

It is important to keep in mind that if the policy owner dies at any time during the term period, simply buying just the traditional term coverage and investing the difference will always provide the greatest return on capital, because in this case the policy owner's estate would not only receive the death benefit but can distribute the invested cash as well.

In return, if you die while policy is in force, the insurance company promises to pay a death benefit amount to the people you've named as beneficiaries.

In both cases, the death benefit will only pay out return of premium plus a percentage, such as 10 to 20 %, during the first 2 - 3 years, known as a graded death benefit plan.

If you are contemplating supplementing your life insurance with a rider such as: return of premium, accelerated death benefit, long term care, and waiver of premium — check out our articles below first.

If you are more concerned about providing a death benefit and see insurance as a risk transfer then you should just buy a term policy without the return of premium add - on.

Trip interruption is a valuable benefit that would pay for making necessary travel arrangements if you needed to return home earlier than planned due to covered reasons such as death of a close relative or your primary residence is flooded.

You have to borrow against your own money and double your interest rate that you get in return, they have up to 6 months to give you a loan again which is your money in the first place, when they pay out the benefit of the insurance they only get the death benefit or the cash value but if there's a loan taken out of the cash value that gets subtracted as well as the interest rate on the loan.

If the maximum amount of the premium is exceeded, the policy turns into a modified endowment contract (MEC) which ensures the death benefit with investment returns but withdrawals of the cash value are subject to taxes as ordinary income.

Since these maturity returns are not at the same level as returns on other instruments like bank deposits (due to cost of death benefit etc), insurance policy looks unattractive.

GeoBlue Trekker Choice provides travel related benefits such as emergency reunion, emergency medical evacuation and repatriation, return of mortal remains, and Accidental Death & Dismemberment (AD&D).

K. RETURN OF MORTAL REMAINS — In the event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured PRETURN OF MORTAL REMAINS — In the event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the authorized personal representative or the estate of the Insured Person up to the amount shown in the Schedule of Benefits / Limits for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Preturn the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Preturn of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit; or up to the amount shown in the Schedule of Benefits / Limits for preparation, local burial or cremation of the Insured Person's mortal remains at the place of death in accordance with the commonly accepted cultural and religious beliefs practiced by the Insured Person.

Life insurance carriers take on the financial obligation to pay a specified death benefit in return for premiums paid by policy owners for a set amount of time as defined by a life insurance contract.

The death benefit is essentially a «target» using an assumption of cash value performance, such as a 4 % annual rate of return.

The premiums for these products — which are designed to pay a death benefit no matter when the insured person dies — are driven by expected investment returns as well as by the same forces that affect term rates, Dr. Weisbart said.

Worst case scenario, even if someone dies during the graded death benefit period, nothing has really been lost because one can simply consider the payments made as a «savings account» since this money will be returned to the designated beneficiary.

J. RETURN OF MORTAL REMAINS — In the event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the estate of the Insured Person up to US $ 50,000 for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this beRETURN OF MORTAL REMAINS — In the event of the death of the Insured Person during the Period of Coverage as a result of an Illness or Injury covered under this insurance while the Insured Person is outside of his / her Home Country, the Company will reimburse the estate of the Insured Person up to US $ 50,000 for the costs and expenses incurred to return the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this bereturn the Insured Person's Mortal Remains to his / her Home Country and thereafter to the place of burial or other final disposition (but not including any costs of burial or other disposition); provided, however, that the Company must coordinate and approve all costs and expenses related to the return of the Insured Person's Mortal Remains in advance as a condition to the availability of this bereturn of the Insured Person's Mortal Remains in advance as a condition to the availability of this benefit.

If this were to happen, the premiums would typically be returned as opposed to the full death benefit and this is to protect the life insurance company.

Ironically, the biggest caveat of engaging in a life settlement is the reality that any life settlement policy worth selling to an investor is worth even more in the long run for the policyowner to just keep themselves, where the internal rate of return will be even more appealing (since the investor has both transaction costs to acquire the policy, and does not enjoy the death benefit tax free as the original policyowner would).

Nonetheless, the bottom line remains: if Barbara doesn't need the cash value (in this case she doesn't, as it's inside an ILIT anyway), and can afford to continue paying the premiums, maintaining the life insurance death benefit as a «fixed income substitute» actually turns out to be a remarkably appealing fixed income investment to maintain for the rest of her life... even if the reality is that the return will only accrue to her beneficiaries and not herself.

With a term life insurance plan, the policyholder's monthly payment is the same throughout a set time period — or «term» — such as 20 or 30 years, in return for a stated amount of death benefit protection should they pass away during the time that the policy is in force.

In other words, if she lives a bit «too long» she runs the risk of turning her 11.8 % or 5.1 % return into a -100 % return as the policy lapse would result in no cash value (as it would be fully depleted) and no death benefit either.

As a result, the pricing and internal rates of return on the policy — or more accurately, the balance between the required premium and the anticipated death benefit — are heavily supported by interest rates at the time the policy is issued.

Different types of permanent life insurance policies will require slightly different types of analysis to evaluate the prospective internal rate of return if held as a death benefit.

Furthermore, the death benefit is a fixed number with most kinds of policies, while factors such as mortality rates, administrative expenses and investment returns can affect your cash value.