Sentences with phrase «sum death benefit payout»

The cash received from a lump sum death benefit payout to your beneficiary is not taxable to your beneficiary as income.

Rather than a lump sum death benefit payout, the rider stretches out the death benefit payout over a longer period, say 10 years or 20 years.

Final expense insurance definition: a small whole life insurance policy ranging from $ 5,000 to $ 25,000 where the primary purpose of the lump sum death benefit payout is to cover burial expenses, such as a grave marker and cemetery plot, and other final expenses, such as any outstanding debts that are not forgivable upon death.

Not exact matches

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.

Guaranteed death benefit protection so that your beneficiary receives a lump sum payout when you die.

Additionally, the death benefit of life insurance is not taxed to the trust beneficiary, allowing the beneficiary to receive a large lump sum cash payout.

Instead of taking the Death Benefit of a life insurance policy all at once as a lump sum, it's also possible to receive the policy's payout in regular installments.

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.

The benefit can be paid in installments or a lump sum, with the beneficiary receiving the balance of the insurance payout after the policyholder's death.

While most lump - sum payout plans have a fixed Sum Assured benefit, some may offer higher or lower benefit depending on the time of death.

Recurring payout option also allows the beneficiary to receive a lump sum benefit instead of regular monthly or yearly payouts anytime after the death of the life insured.

The nominee can choose either to receive annuity payouts from the death benefit partly or in full or withdraw the lump sum amount

Full Endowment: Full endowment is the type of policy in which the sum assured is equivalent to the death benefit from the very beginning and the final payout is relatively higher.

In case of death, the benefit can be taken either in lump sum, or in instalments under the Regular Annual Payout option or 50 % in lump sum and 50 % in instalments as per the policyholder's choice.

Transamerica, an A + rated company founded in 1904, offers unique options, with a few of their term life products, such as Living Benefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requiBenefits for early access to death benefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requibenefits in the case of terminal or chronic illness; Income Protection Options to allow customers to select from a combination of income stream and lump sum payouts for beneficiaries; no required medical exams for policy amounts below $ 250,000; and low, $ 25,000 minimum face amount requirements.

The nominee can avail the entire death benefit in lump sum or take 20 % of the benefit in lump sum on death and the remaining in annual instalments over a payout period of 10, 15 or 20 years @ 11 %, 8.37 % or 7.12 % respectively

You generally need to invest a lump sum, typically $ 50,000, which will cover either long - term - care payouts or a death benefit for your heirs.

Generally, life insurance death benefits that are paid out to a beneficiary in lump sum are not included as income to the recipient of the life insurance payout.

Instead of taking the Death Benefit of a life insurance policy all at once as a lump sum, it's also possible to receive the policy's payout in regular installments.

As the policyholder, you can choose whether your beneficiaries receive the death benefit as a single lump - sum payment or a monthly payout over a period of 5 to 25 years.

Extra Life Income Option: An extension to the income option, benefits include lump - sum payout in case of death due to accident & regular monthly income (level or increasing) chosen at the time of inception.

Your nominee also has an option to take the Death Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded Benefit as a lump sum benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded benefit which is equal to outstanding monthly payouts discounted at 6.25 % per annum compounded yearly.

The death benefit payout is a lump sum payout or fixed monthly payout for 100 months.

Another endorsement — the Income Protection Option (IPO)-- will allow the policy owner to choose a specific form of payout for the policy's death benefit, including either a lump sum at various times or monthly payments to the beneficiary, at the time of policy issue.

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.

Lumpsum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time pay.

Death benefits - incase of the death of the policyholder before maturity, the sum assured is paid in accordance «mera family payout» option chosen by the policyhoDeath benefits - incase of the death of the policyholder before maturity, the sum assured is paid in accordance «mera family payout» option chosen by the policyhodeath of the policyholder before maturity, the sum assured is paid in accordance «mera family payout» option chosen by the policyholder.

Edelweiss Tokio Life - MyLife +: A non-participating, non-linked Term Insurance plan which offers the flexibility to choose the death benefit as a lump sum or monthly payout or a mixture of both.

The benefit can be paid in installments or a lump sum, with the beneficiary receiving the balance of the insurance payout after the policyholder's death.

Lump - sum: When one opts for lump sum payout option, the nominee receives the death benefit as lump sum one - time pay.

The life assured while buying the plan can opt the death benefit payout either as lump sum payout or installment.

Death Benefit Payout option: The policyholder can opt either lump sum option or installment option.

In case, any of the mentioned Critical Illness occurs, the Benefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due paBenefit is paid to you as a Lump sum amount, as selected during the inception, heedless of the death benefit payout option you choose, subject to the policy being in function and the payment is made for all the due pabenefit payout option you choose, subject to the policy being in function and the payment is made for all the due payments.

Life insurance is usually a pretty straightforward product: you pay for the policy and when you die, a sum of money (the death benefit) goes to the beneficiaries you named on your policy (find out How to Collect a Life Insurance Payout).

While most increasing term insurance plans pay a lump sum benefit on death, there are some plans, which have been recently launched which have a monthly or annual income payout.

You can choose the death benefit payout options as lumpsum or income along with the number of months you want the death benefit to be paid and also between equal or increasing monthly sums compounded @ 5.00 % per annum.

Death Benefits - The nominee receives the sum payout plus the bonus and the FAB.

Child plans also offer a lump sum payout as death benefit to the child on maturity.

If you pass away during the term of your policy, your beneficiaries will receive the death benefit as a lump sum (find out How to Collect a Life Insurance Payout).

Extra Life Option (Accidental Death Benefit)-- Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to acciDeath Benefit)-- Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to acBenefit)-- Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to acciDeath benefit in addition extra Sum Assured is paid in case of death due to acbenefit in addition extra Sum Assured is paid in case of death due to accideath due to accident.

A full endowment is a with - profits endowment where the basic sum assured is equal to the death benefit at start of policy and, assuming growth, the final payout would be much higher than the sum assured.

In the event of death, of life insured the nominees are paid sum assured as a death benefit payout and the policy terminates.

The death benefit under this payout option is higher of 10 times the annualized premium, 105 % of total premiums paid, or the basic sum assured.

Four options offered by HDFC Click 2 Protect Plus are — 1) Life Option - Lump sum payout of Death Benefit 2) Extra Life Option (Accidental Death Benefit)- Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to acciDeath Benefit 2) Extra Life Option (Accidental Death Benefit)- Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to acBenefit 2) Extra Life Option (Accidental Death Benefit)- Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to acciDeath Benefit)- Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to acBenefit)- Lump sum payout of Death benefit in addition extra Sum Assured is paid in case of death due to acciDeath benefit in addition extra Sum Assured is paid in case of death due to acbenefit in addition extra Sum Assured is paid in case of death due to accideath due to accident.

The Company provides an option to the policyholder on survival during the payout period or beneficiary in case of death of Life Insured (called Commutation option) to receive the present value of the outstanding survival and death benefit respectively as lump sum.

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.

Total benefit paid = Rs. 2.05 crores (Rs. 1 crore paid immediately + Rs. 1.75 lakhs for 60 months) In case of an accidental death of Ramesh, Sheetal will get an additional payout of Rs. 50 Lakhs as lump sum.

His life cover is a Sum Assured of Rs. 1 crore and he chooses the lump sum plus monthly income death benefit payout option.

Death Benefit is equal to an immediate lump sum benefit plus Guaranteed Annual Payouts plus Guaranteed Sum Assured on maturity plus Bonuses are pBenefit is equal to an immediate lump sum benefit plus Guaranteed Annual Payouts plus Guaranteed Sum Assured on maturity plus Bonuses are pbenefit plus Guaranteed Annual Payouts plus Guaranteed Sum Assured on maturity plus Bonuses are payable.

In the event of the demise of Mukesh within the policy term, the death benefit payable is the sum of Immediate Benefit, Monthly Payout & Benefit at Maturitbenefit payable is the sum of Immediate Benefit, Monthly Payout & Benefit at MaturitBenefit, Monthly Payout & Benefit at MaturitBenefit at Maturity Date.