Sentences with phrase «sum life insurance death»

As an asset based policy, it provides cash indemnity for long - term care services and a lump sum life insurance death benefit.

As an asset based policy, it provides cash indemnity for long - term care services and a lump sum life insurance death benefit.

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.

The general function of life insurance is to create a sum of money payable at the death of the insured in order to replace the economic loss resulting from the person's death.

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.»

Whereas, a life insurance contract is an asset that is designed (at least traditionally) to provide a death benefit to one's estate, an annuity is centered around converting a lump sum payment (or series of payments) into a stream of income for a fixed period (usually for life).

The likely reason for this is life insurance is viewed as using cash to purchase a death benefit, whereas an annuity is all about converting a lump sum into an income stream.

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.

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.

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

Life insurance is a contract between you and a life insurance company to guarantee your survivors a sum of money upon your death, provided that all of the premiums are paid and the policy is still in foLife insurance is a contract between you and a life insurance company to guarantee your survivors a sum of money upon your death, provided that all of the premiums are paid and the policy is still in folife insurance company to guarantee your survivors a sum of money upon your death, provided that all of the premiums are paid and the policy is still in force.

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.

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.

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.

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.

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.»

Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum 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.

A Life policy at its most basic level is a contract between you and the insurance company to pay a sum of money to your beneficiaries in the event of your death, to cover expenses and make up for the lack of your income.

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

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.

AXA's long - term care life insurance provides the benefits of life insurance, including cash value accumulation and a lump sum death benefit, combined with long - term care insurance to provide for the costs associated with LTC services.

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

A life insurance policy is simply a contract between a life insurance provider and an individual to provide a lump - sum payment, called a death benefit, in exchange for making premium payments to the provider.

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.

Similar to whole life insurance, term life coverage provides a lump sum death benefit in the event that the policyholder passes away while the policy is still active.

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

Life insurance (also known as death cover) will pay a lump sum to your beneficiaries in the event of your death.

In case of your unfortunate death during the term of your life insurance policy, your nominee will receive the sum assured as the death benefit.

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

A Life policy at its most basic level is a contract between you and an insurance company to pay a sum of money to your beneficiaries in the event of your death.

Life insurance is a promise by an insurance company to pay those who depend on you a sum of money upon your death.

One place to take the lump sum is with life insurance companies off of a death benefit.

The death benefit provided by a life insurance policy is a lump sum of money that's tax - free.

Life insurance provides a tax - free lump sum of money to your loved ones in the event of your death, allowing them to continue toward their financial goals.

The good news is, that apart form your stand alone long term care insurance companies, there are newer hybrid long term care life insurance policies available that provide both lump sum death benefit protection, coupled with long - term care protection.

Life Insurance is designed to pay out a lump sum to your relatives or other beneficiaries in the unfortunate even of your death, offering peace of mind and financial security at the most difficult of times.

A Life policy basically is a contractual agreement between you and the insurance company to pay a sum of money to your beneficiaries in the event of your death, to cover expenses and make up for the lack of your income.

A life insurance death benefit is most often doled out as one lump sum of money.

The life insurance death benefit is a tax - free lump sum payment - usually.

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.

Like any other Life Insurance, here also you will get assured sum after maturity and in case of death of the policy holder the nominee will be benefited by the amount.

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.

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.

$ 500,000 Term Life Insurance Term life insurance is a financial security product that pays out funds in a lump sum upon death of the insuLife Insurance Term life insurance is a financial security product that pays out funds in a lump sum upon death of theInsurance Term life insurance is a financial security product that pays out funds in a lump sum upon death of the insulife insurance is a financial security product that pays out funds in a lump sum upon death of theinsurance is a financial security product that pays out funds in a lump sum upon death of the insured.