Sentences with phrase «second death benefit option»

Annuity payments are a second death benefit option.

Not exact matches

Survivorship Builder is a single policy covering two lives that pays the death benefit upon the second insured's death — an option that might prove beneficial to some, such as, providing an income tax free death benefit, liquidity for estate taxes and wealth transfer and supplemental income needs.

Survivorship Builder is a single policy covering two lives that pays the death benefit upon the second insured's death — an option that might prove beneficial to some, such as, providing an income tax free death benefit, liquidity for estate taxes and wealth transfer and supplemental income needs.

If you're looking to get the maximum amount of the death benefit, the second option is more preferable.

A second option is to have your cash value added to the death benefit of your policy.

This is a dual death benefit plan under which a complete sum assured is paid in the first option and in the second option after death of the insured, the insurance company pays 50 % of the total sum assured immediately to the nominee of the insured and the remaining amount is paid monthly as a regular income at 3 %.

Changes to the death benefit option are available at no charge after the second policy year.

If you want the maximum amount of death benefit now, the second option should be selected.

Assurity offers the second highest death benefit options, at $ 350,000, without an exam.

This option is particularly enticing if you want to give the proceeds of your death benefit to a charity as well as your family, but can not afford to pay the premiums on a second policy.

The second option pays out the face amount on the policy as the death benefit.

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