Sentences with phrase «scheduled death benefit payment»

After death, a regularly scheduled death benefit payment will be paid out to all allocated beneficiaries of the insured.

Not exact matches

Flexibility is available with premium payments, payment schedules and death benefits.

That means that from the time of purchase to the end of the policy, your premium payments and death benefit should remain locked in place (so long as you make your premium payments on schedule, and haven't taken out any cash value).

With traditional insurance, your death benefit and payments are fixed, and you're locked in to a schedule.

Upon the death of the original contract owner, the life insurance carrier will pay the death benefit to the designated recipient in one of two ways: a lump sum, or a series of scheduled payments.

Term plans are investments which ask for scheduled payments for a specific agreed upon time known as premiums and the benefits as per the terms and conditions of the term plan, benefits are provided to the family after the death of the insured.

For instance, a policy with a «no lapse guarantee» guarantees that the insurance company will pay out a death benefit as long as the policyholder makes all the scheduled premium payments in an expeditious manner.

Aviation Clause — This clause would exclude death benefit payment during an aviation accident outside of one that occurs on a standard airline scheduled flight.

As the policy holder maintains the premium payment schedule, a portion of those payments goes toward increasing the death benefit payment.

For Standard Life Provisions, the company offers Salary - based Benefit Schedules; Dependent Coverage; Waiver of Premium (in case employees become disabled and so that they can continue life insurance without any premium payments), Accelerated Death Benefits (for employees with a life expectancy of 12 months), Portability (for those who want to leave their employment), Conversion (for employees to convert term life insurance to a new policy), and Bereavement Counseling (for counseling services).

CUL Accumulator gives you the highest flexibility when it comes to choosing your death benefit and premium payment schedule, providing:

Because insurance companies must guarantee death benefits and a minimum schedule of cash values in most policies (except variable life policies), they must be conservative when estimating the values of the various premium pricing factors (interest, mortality, expenses, lapse rates, and risk loading factors) used to compute the required premiums under any particular premium payment plan of insurance.