Sentences with phrase «single death benefit paid»

Not exact matches

Buying paid - up additions is similar to buying a small single - premium life insurance policy as you increase the policy's cash value and death benefit but don't have ongoing payments.

«A ruling by a Louisiana appeals court recently stated that the entire death benefit from a single premium annuity plan paid to the beneficiary named in that plan was subject to inheritance tax because it was part of the deceased annuity owner's estate,» says annuities specialist Steven Hart.

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.

Buying paid - up additions is similar to buying a small single - premium life insurance policy as you increase the policy's cash value and death benefit but don't have ongoing payments.

Basically, the death benefit is how much the life insurance policy pays to your beneficiary, untaxed and in a single lump sum, should you die.

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 yourSingle - 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 yoursingle 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.

The most common is on a single life, where a death benefit is paid out when the insured dies.

But because it pays on the first death, the probability that the insurance company has to pay a death benefit is similar to having two single life policies.

Survivorship Builder is a single policy covering two lives that pays the death benefit upon the second insured's death.

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.

Value Enhancement Rider: The VER is a whole life insurance rider that allows you to add additional single or periodic premium payments to your policy to purchase paid up additions, increasing your death benefit and cash value.

You start off paying annual premiums (or even one single premium) that more than cover your death benefit.

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

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.

A Life Insurance with Single - premium benefits is a type in which the premium is paid in lump sum to the policy to which in return death benefits are promised to be paid until the policyholder die.

The early death benefit is equal to the single premium paid into the annuity, multiplied by the applicable death benefit of 100 %, if death occurs in the first contract month.

Most often, the life insurance proceeds from the death benefit are paid out as a single lump sum.

Lump sum, where the life insurance company pays the total amount of the benefit in one single payment at the death of the insured

You can also attach a single premium paid up additions rider to the policy to increase the death benefit and cash value.

Accordingly, a QLAC may provide for a single - sum death benefit paid to a beneficiary in an amount equal to the excess of the premium payments made with respect to the QLAC over the payments made to the employee under the QLAC.

A death benefit on your insurance policy is an amount of money that may be paid out in a single lump sum...

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 yoSingle - 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 yosingle premium (lump sum) payment in return for a guaranteed death benefit that will remain paid - up until you die.

On death higher of 125 % or 110 % of the Single Premium paid depending on the age of the policyholder or the Guaranteed Maturity Benefit is paid

The guaranteed Death Benefit is equal to 105 % of the Single Premium paid, which also includes top - up premiums (if any).

The death benefit payable will be the amount higher of the Sum Assured or 10 times the annual premium or 105 % of total premiums paid till the date of death for regular premium payment option and higher of Sum Assured or 125 % of the Single Premium paid under the Single Premium payment option.

According to Guinness World Records news service, the policy features «a combined death benefit to be paid upon the death of the single insured that more than doubles the previous record, set by Peter Rosengard from the U.K., whose record - breaking insurance sale in 1990 sold at $ 100 million (then # 56 million) on the life of a U.S. entertainment industry figure.»

Basically, the death benefit is how much the life insurance policy pays to your beneficiary, untaxed and in a single lump sum, should you die.

In case of Single Premium Pension Super both in case of death and vesting, assured benefit of 101 % of total premium is paid.

Buying paid - up additions is similar to buying a small single - premium life insurance policy as you increase the policy's cash value and death benefit but don't have ongoing payments.

The single premium policy needs you to pay the full amount instantly and you're qualified for full death benefit.

You pay one single premium, and your policy is guaranteed to offer a level death benefit for as long as you live without having to pay another premium.

To sum it up, single pay life insurance is a way to quickly reduce your taxable estate, and leverage that money into a life insurance policy whose death benefits may be estate tax free.

For example, if you have a $ 250,000 policy and you had the accidental death benefit rider that you paid an additional fee for it every single month, an additional premium, your coverage would be $ 500,000 total, if you died resulting in an accident.

Single - premium life (SPL) is a type of insurance in which a lump sum of money is paid into the policy in return for a death benefit that is guaranteed until you die.

These funds could purchase a single premium, paid - up policy with a $ 130,000 death benefit payable to the charity upon her death.

This type of rider pays out a single lump - sum that is usually equal to at least half of the policy's death benefit.

Death Benefit will be 5 times the Single Premium (excluding taxes and extra premiums, if any) paid by you.

This death benefit is higher of 125 % of the single premium paid or the Sum Assured if it is a single premium policy.

If you opt for single pay policies, the death benefit is usually calculated highest of the following.

The death benefit will always be at least 105 % of the single premium paid.

As a result, even if a policyowner never pays more than a single $ 1,000 premium for a $ 1,000,000 death benefit and then passes away, the heirs will receive the implicit $ 999,000 gain entirely tax - free.

Single premium life insurance is defined as an insurance policy in which a lump sum is paid up front in order to guarantee a death benefit payment to the policy's beneficiary (or beneficiaries).

Death Benefit: Upon the death of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nomDeath Benefit: Upon the death of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nomdeath of a single pay policyholder, Highest of 125 % of single premium or sum assured or absolute sum assured will be payable to the nominee.

In HDFC Click To Protect Plus plan, the death benefit is higher of 125 % of Single Premium or SA for Single premium plans or higher of 10 times annual premium or SA or 105 % of all premiums paid till death

This policy may be more affordable than life insurance with a single policyholder because there will likely be a longer period before the insurance company has to pay the death benefit.

Single Premium Whole Life (SPL) is a kind of life insurance in which a large sum of cash is paid into the insurance policy in exchange for a death benefit that is fully guaranteed to remain paid - up until you die.

Value Enhancement Rider: The VER is a whole life insurance rider that allows you to add additional single or periodic premium payments to your policy to purchase paid up additions, increasing your death benefit and cash value.

A pure term insurance plan that provides life Insurance cover to you by paying a lump sum benefit to your family in case of an unfortunate death.Choice of single or regular premium payments and an additional amount in case of an accidental death.

a) Death before date of commencement of risk: If the death of the policyholder occurs before the date of commencement of risk then death benefit pay - out will be return of single premium excluding service tax and any extra premium paid without inteDeath before date of commencement of risk: If the death of the policyholder occurs before the date of commencement of risk then death benefit pay - out will be return of single premium excluding service tax and any extra premium paid without intedeath of the policyholder occurs before the date of commencement of risk then death benefit pay - out will be return of single premium excluding service tax and any extra premium paid without intedeath benefit pay - out will be return of single premium excluding service tax and any extra premium paid without interest.

Insurance money from a single premium policy is paid to the insured right after the maturity of the policy or to the beneficiary as a death benefit without having to make any more payments on the policy prior to these events.