Sentences with phrase «sum death benefit to your beneficiary»

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.

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.

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.

Your rider also provides a guaranteed lump sum death benefit to your beneficiary.

So, even if the entire death benefit is advanced due to long term care needs, the policy will still pay a lump sum death benefit to your beneficiary when you die.

When you die, your VGLI will pay out a lump sum death benefit to your beneficiary.

An accelerated underwriting life insurance policy that provides term lengths of 10 and 20 years and provides a lump sum death benefit to your beneficiary if you do not outlive the term.

Upon the death of the survivor, the policy pays out a lump sum death benefit to the beneficiary.

Term life insurance, as the name suggests, is a life insurance policy that covers a set number of years and would pay the lump sum death benefit to the beneficiary if the insured person died during the term of the policy.

If you die your policy pays a lump sum death benefit to your beneficiary but if you are unable to perform 2 of 6 activities of daily living your LTC insurance provides a cash benefit to you for long term care needs in a nursing home, assisted living facility, or in home care.

Cash value life insurance pays a tax free lump sum death benefit to your beneficiary.

So, even if the entire death benefit is advanced due to long term care needs, the policy will still pay a lump sum death benefit to your beneficiary when you die.

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.

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

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

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.

Not only will the policy pay a lump sum death benefit to your beneficiary, but the death benefit can also be accessed early due to terminal illness.

However, your life insurance remains in force and will pay a lump sum death benefit to your beneficiary when you die.

Not exact matches

For these reasons, it makes sense for the beneficiary to claim the death benefit as soon as possible as a lump sum.

A family income benefit rider provides steady income to beneficiaries to cover monthly costs beyond the lump - sum death benefit in the event the insured dies prematurely,.

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.

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

At its most basic, life insurance provides a sum of money, called a death benefit, to the beneficiary of a life insurance policy upon the death of the insured.

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.

Commuted Settlement Should immediate liquidity of remaining cash value be desired by the owner or a lump sum death benefit be desired by the beneficiary (ies), Bankers Life Insurance Company is willing to process a commuted settlement

Death Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus ifDeath Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus Benefit - In case of uncertain demise of the insured person during the tenure of the policy the death benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus ifdeath benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus benefit is provided to the beneficiary of the policy as basic sum assured along with vested simple reversionary bonus and terminal bonus if any.

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.

In exchange for premium payments, a life insurance policy provides a tax - advantaged lump - sum payment, known as a death benefit, to the beneficiaries when the insured passes away.

You make payments on the policy and, in return, the insurance company provides a lump - sum payment, also called a death benefit, to the beneficiaries you have chosen upon the death of the insured.

Your beneficiaries receive a tax - free, lump - sum benefit after your death to cover living expenses, mortgage and debt payments, or anything else they need

The beneficiary can elect to annuitize the death benefit over his / her life expectancy instead of taking it as a lump sum.

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.

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

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

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.

If your beneficiaries elect to receive the death benefit as installments rather than a lump sum, some of that will be taxed.

Non-dependent beneficiaries will only be able to receive super death benefits as a lump sum.

If your beneficiary is a spouse or dependant they may choose to receive your death benefit payment as a pension or a lump sum.

If the policyholder dies while the policy is in force, the coverage amount (grimly called a «death benefit») is paid out in one tax - free lump sum to the beneficiaries named in the policy.

In cases where there are multiple beneficiaries, the insurer will split the death benefit according to the instructions you've left in your contract, but otherwise still pay each recipient a lump sum.

Life insurance pays a lump sum of cash (called a «death benefit») to the beneficiary upon the policyholder's death.

The beneficiary can elect to annuitize the death benefit over his / her life expectancy instead of taking it as a lump sum in some instances.

If you die during the policy term, the policy pays out the predetermined sum of money (or death benefit) to your named beneficiary (ies) as long as you continued to pay your premiums on time.

A premium is paid monthly to keep the policy active, covered in full or in part by the employer, and upon the death of the employee a lump sum of money, the death benefit, is paid out to a designated group or person known as the beneficiary.

If the policyholder dies during the policy term, the death benefit, a tax - free lump sum of money, is paid out to named beneficiaries.

Life insurance death benefit proceeds are typically tax - free lump sums of money paid to beneficiaries.

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder

Life insurance policy is a contract between the insurers or insurance provider wherein a lump sum amount is promised as a death benefit to the beneficiary in the event of the policyholder's death, provided the policy was active and the premiums were paid till the insured's death.