Sentences with phrase «sum death benefit pay»

Else, it is advisable to opt for lump sum death benefit pay out option.

Your family can use the lump sum death benefit pay - out for many major expenses.

The untaxed element of a lump sum death benefit paid to a non-dependant is increased to reflect the insurance component of the benefit.

Generally speaking, this is initially the most affordable life insurance you can buy that offers a lump sum death benefit paid to your beneficiary so long as you keep paying premiums and you pass away within the term.

That way, if you die prematurely, the lump sum death benefit paid by the insurer based on your term policy's face amount will protect your family's future with the funds needed to move on and not be left financially desolate.

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.

Not exact matches

Because your life insurance premiums are paid with after tax dollars, the death benefit is able to be paid out in lump sum without any state or federal taxes being withheld.

CPP Death Benefit The Canada Pension Plan death benefit is a one - time, lump - sum payment to your estate that can help to pay for funeral cDeath Benefit The Canada Pension Plan death benefit is a one - time, lump - sum payment to your estate that can help to pay for funeralBenefit The Canada Pension Plan death benefit is a one - time, lump - sum payment to your estate that can help to pay for funeral cdeath benefit is a one - time, lump - sum payment to your estate that can help to pay for funeralbenefit is a one - time, lump - sum payment to your estate that can help to pay for funeral costs.

The tax treatment of both super and death benefits is also affected by whether the benefits are paid as a lump sum or income stream (regular payments).

If the death benefit is worth $ 1 million, and you elect to receive an annuity that pays out 6 % per year, you have to wait almost 17 years just to break even with what you'd get from a lump sum.

Lump sum plus Monthly Income: Half of the death benefit will be paid out as lump sum for immediate needs, and the remaining half in form of monthly income increasing annually by 10 % at simple rate for a period of 15 years.

If the insured dies within this term (10, 15, 20, 25, 30, or 35 years), the life insurance company pays a lump sum death benefit to the policy's beneficiaries.

Lump sum: The entire death benefit will be paid out as a lump sum amount to secure your family's financial future.

Death Benefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits already Death Benefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits alreadBenefit — When the policyholder dies, 100 % of the sum assured is paid out to the nominees as a death benefit, irrespective of survival benefits already death benefit, irrespective of survival benefits alreadbenefit, irrespective of survival benefits already paid.

In case of occurrence of any of listed Critical illness, the Benefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beeBenefit (as chosen during inception) will be payable to you as a lump sum amount, irrespective of the death benefit payout option chosen, subject to policy being in force and all due premiums have beebenefit payout option chosen, subject to policy being in force and all due premiums have been paid.

Universal life insurance pays out a tax - free lump sum to your beneficiaries when you die, called a «death benefit.»

With a family income policy, rather than a lump sum of money, the death benefit is paid out in monthly increments as a portion of the total death benefit.

This rider enables you to receive a lump sum portion of your death benefit to help pay expenses if you become terminally ill or need to live in a nursing home.

Surely the insurance companies would go out of business if they had to pay out all these death benefits after receiving such a small sum in premiums.

You pay a premium (payment) in return for a death benefit (the lump sum that will be paid to your survivors if you die while the policy is in force).

A whole life policy pays a guaranteed lump sum death benefit to your beneficiary.

Both IUL and VUL policies provide permanent coverage, pay a lump sum death benefit to your beneficiary and provide cash value growth and access to your cash value via withdrawals or loans.

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 your life.

If you're not a dependant of the deceased, the death benefit must be paid as a lump sum.

If you're a dependant of the deceased, the death benefit can be paid as either a lump sum or income stream.

If you have a qualifying terminal illness, the rider kicks in and your life insurance company will pay you a lump sum from your death benefit of anywhere between 25 and 80 percent.

If you're a dependant of the deceased, you don't need to pay tax on the taxable component of a death benefit if you receive it as a lump sum.

The policy includes an accelerated death benefit rider which will pay you a lump sum if you are diagnosed with a qualifying terminal illness.

Term life insurance is defined as a contract between the owner of the policy and the insurer, for a policy on the life of the insured, whereupon the insured's death, the insurer pays a lump sum death benefit to the beneficiary.

(o) If there is no person who would be entitled, upon application therefor, to an annuity under section 2 of the Railroad Retirement Act of 1974 [98], or to a lump - sum payment under section 6 (b) of such Act, with respect to the death of an employee (as defined in such Act), then, notwithstanding section 210 (a)(9)[99] of this Act, compensation (as defined in such Railroad Retirement Act, but excluding compensation attributable as having been paid during any month on account of military service creditable under section 3 of such Act if wages are deemed to have been paid to such employee during such month under subsection (a) or (e) of section 217 of this Act) of such employee shall constitute remuneration for employment for purposes of determining (A) entitlement to and the amount of any lump — sum death payment under this title on the basis of such employee's wages and self — employment income and (B) entitlement to and the amount of any monthly benefit under this title, for the month in which such employee died or for any month thereafter, on the basis of such wages and self — employment income.

Death Benefit Protection — Your entire accumulated value will be paid to your beneficiaries, who can elect to receive their benefits in a lump sum or series of payments.

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 insurance company pays out a lump sum death benefit to the beneficiary of the policy upon the death of the insured.

If you die, the policy pays out a lump sum death benefit to your beneficiary.

Variable life insurance pays a lump sum to your beneficiaries when you die, called a «death benefit.»

The cash value policy pays out a lump sum cash benefit upon the death of the insured for the benefit of the life insurance beneficiary.

When death occurs, the death benefit will be paid out to the beneficiary, generally in a lump sum payment.

With one lump sum payment, you will have a paid - up death benefit provided by the issuing insurance company that will allow you to pre-fund specific legacy goals with confidence.

Please let me know that monthly income advantage plan offered by Max Life in which after paying 12 annual premiums will get a monthly income for next 10 years & get a lump sum amount (equal approximate the premiums paid in 12 years in the beginning) plus approx. 14.5 times death benefit for the entire policy term i.e. 22 years.

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

Income Protection Option: Rather than the typical lump sum payout upon death, you can choose to pay your beneficiary the death benefit a monthly income stream.

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

This type of life insurance policy allows those with disposable cash to pay a lump sum into a life policy for a death benefit that will be paid up until the insured dies.

A lump sum of money is paid into the policy in return for a death benefit that is guaranteed until you die.

Life Insurance benefit: This is the sum assured that is paid on the unfortunate death of the policy holder.

If a member has a terminal medical condition and two medical professionals certify that the condition is likely to result in the member's death in the next 24 months, the balance of their super account may be paid as a tax - free lump sum benefit.

Under this benefit, a sum of money is paid over and above the death benefit in the event of death caused due to an accident.

Death Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesDeath Benefit: In case of death of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesdeath of the Life Insured during the policy term, the sum assured on death will be paid to the nominee which is highesdeath will be paid to the nominee which is highest of: