Sentences with phrase «same as the death benefit»

Generally speaking, accelerated death benefit funds aren't taxable and are treated the same as death benefits.

This amount is sometimes but not always the same as the death benefit amount.

In case of Total Permanent Disability suffered by the life insured due to an accident either immediately or within 90 days from the date of Accident, the benefit payable to the nominee will be same as Death Benefit under the plan.The policy will terminate on occurrence of Accidental Total and Permanent Disability (ATPD).

Not exact matches

As long as you continue to pay the premium on time, your rate and death benefit are locked in and guaranteed to stay the samAs long as you continue to pay the premium on time, your rate and death benefit are locked in and guaranteed to stay the samas you continue to pay the premium on time, your rate and death benefit are locked in and guaranteed to stay the same.

As the names imply, decreasing term policies pay a lower death benefit over time, while level term policies maintain the same death benefit for the term of the coverage.

Whether they fed on him by faith in their hearts with thanksgiving by eating the bread and drinking the wine with «him at meal, or whether they gratefully permitted him to wash and dry their feet before the meal in anticipation of being cleansed by his blood on the cross, the meaning of both symbols was the same: We are saved from sin and transformed into new creatures in Christ Jesus only as we freely and gladly receive from him the benefits of his passion and death on the cross for our redemption.

«I wanted to look at whether, in the unfortunate event of maternal death, a father could take over the maternity leave and benefits so that as sole surviving parent he had the same parental rights as new mothers and more importantly could provide the same level of child care.»

State lawmakers are introducing legislation that would give the families of EMTs killed in the line of duty the same death benefits as cops and firefighters.

A method of calculating the reduction of a VA benefit base after a withdrawal in which the benefit is reduced by the same percentage as the percentage of the withdrawal; for example, a 20 % withdrawal of the money reduces the death benefit by 20 %.

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.

A permanent policy is typically not the right fit if you're looking to simply acquire financial coverage for your family in the case that you pass away, as term coverage will offer the same death benefit with much lower premiums.

Indexed Universal Life (IUL) offers the same flexible premiums and death benefit as universal life.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

In some cases, the maximum death benefit for an additional insured can be as high as those of the primary insured, meaning your spouse would have the same amount of coverage as you.

Basically, a universal life insurance policy is a plan that offers the same death benefit as a whole life plan, but with a very flexible payment structure.

Whole life insurance is much more expensive than term life insurance — often 4 times as expensive for the same death benefit — because the premiums are going toward: the accumulating cash value, fees and charges (more on this later), and the death benefit (i.e., the life insurance).

Just like we saw with whole life insurance, the death benefit works in exactly the same way in that it will be paid to the beneficiary as long as the insured passes away within the dates of the policy, i.e. the contract.

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

MarketProtector Advisory offers the same benefits of a traditional fixed annuity, such as guaranteed minimum interest, death benefits, and retirement income options such as IncomeAccelerator, which is an optional income benefit for an additional charge.

This fixed index annuity offers the same traditional fixed annuity benefits such as guaranteed minimum interest and death benefits, flexible retirement income options, and tax - deferred * earnings, but has the added feature of a 2.5 % or 5 % bonus to give your contract value an instant boost.

You'd likely pay about ten times as much per month for the same death benefit.

With it, the face amount (the death benefit) and the premium (the amount you pay for protection each year) are fixed at the time you buy your policy and stay the same even as you age.

If the recipient of the superannuation death benefit is a foreign resident for Australian tax purposes, they receive the same tax treatment as a resident.

It also gives you the same guaranteed death benefit protection as all our other whole life policies, but keeps costs down by spreading your payments out a little further and by offering a little less cash value and dividend growth potential.

A method of calculating the reduction of a variable annuity benefit base after a withdrawal in which the benefit is reduced by the same percentage as the percentage of the withdrawal; for example, a 20 % withdrawal of the money reduces the death benefit by 20 %.

With it, the face amount (the death benefit) and the premium (the amount you pay for protection each year) are fixed at the time you buy your policy and stay the same even as you age.

For spouses, this is an excellent option as it allows one to gain death benefit protection in the event of the death of the other while at the same time increasing the monthly pension payout at retirement.

AD&D Insurance has all of the same benefits as Accidental Death Insurance listed above — plus coverage for serious injury as listed below, and is a percentage of the face value:

One problem is there are companies that don't make it clear if the term policy they offer is really «level» as we have defined it or if the premium stays the same but the death benefit DECREASES.

(Note: The cash value of a policy is not the same as the face amount that's paid out as a death benefit to your beneficiaries.

Note that this is not necessarily the same as the actual death benefit payable Please refer to your policy's terms and conditions for additional information on the factors that may increase or decrease the actual death benefit payable, which may include loans taken or additional coverage purchased.

If the policy holder chooses the increasing death benefit option, the pure insurance component will remain the same over time; so as the policy's cash value increases, the death benefit increases.

Permanent insurance offers the same type of death benefits as term insurance but it comes with the additional advantage of providing you with a cash value accumulation feature which is based on interest or depends on how well the market performs.

It costs about 1 / 10th of what you would pay for the same death benefits coverage for a Permanent policy such as Whole Life or Universal Life.

These term plans are called level term plans in industry parlance as the nominees receive the same level of death benefit if the worst comes to pass during the tenure of the term policy.

Whole life insurance is much more expensive than term life insurance — often 4 times as expensive for the same death benefit — because the premiums are going toward: the accumulating cash value, fees and charges (more on this later), and the death benefit (i.e., the life insurance).

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.

While mortgage life insurance works in much the same manner as a regular life insurance policy does, with the payout of death benefits upon death of an insured, in many instances, these types of policies will only require a minimal amount of underwriting for approval.

The term lengths that may be chosen here are ten years, 15 years, 20 years, 25 years, or 30 years — and the premium amount, as well as the death benefit coverage, will remain the same throughout the chosen time frame.

It works the same way as does a standard life insurance policy: you pay a periodic premium in exchange for a death benefit paid to a beneficiary.

As the names imply, decreasing term policies pay a lower death benefit over time, while level term policies maintain the same death benefit for the term of the coverage.

It also gives you the same guaranteed death benefit protection as all our other whole life policies, but keeps costs down by spreading your payments out a little further and by offering a little less cash value and dividend growth potential.

With a whole life insurance plan, the amount of the policy's death benefit will remain the same, as will the amount of the premium payment.

If he does the same next year, the cash value will rise once more as will the death benefit.

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.

Additionally, there is an attractive cash value feature that grows over the life the policy and has the same tax advantages as death benefits.

Round Trip Elite insurance is very similar to Round Trip Economy insurance and provides many of the same benefits such as trip cancellation, trip interruption, trip delay, missed connection, emergency medical expense, emergency medical evacuation and repatriation, loss of baggage and delay, accidental death and dismemberment.

Q. TRIP INTERRUPTION — Subject to the Terms of this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the Schedule of Benefits / Limits for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations:

If you die during the term, your beneficiaries would collect the $ 1 million death benefit in the same way as a traditional policy.

With term life insurance you'll have the same premiums and death benefits for the period of time purchased, such as 10, 20, or 30 years.