Sentences with phrase «take lump sum death benefits»

The nominee has the option at the time of claim settlement to take lump sum Death Benefits as the discounted value of outstanding instalments.

Not exact matches

The critical illness rider will give you a lump - sum benefit, taken out of your death benefit, that will help you cover unexpected medical costs and other expenses.

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

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.

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

This is an important extra cost to be mindful of, and an argument for taking the death benefit as a lump sum.

You take out mortgage life insurance for the same amount — $ 300,000 lump sum death benefit.

From laddering term policies to taking an annualized income instead of a lump sum death benefit, we know all the ways to save you money on life insurance.

The critical illness rider will give you a lump - sum benefit, taken out of your death benefit, that will help you cover unexpected medical costs and other expenses.

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.

This is an important extra cost to be mindful of, and an argument for taking the death benefit as a lump sum.

Upon death of the insured the death benefit is payable which can be taken in monthly instalments or in one lump sum

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

Also, take adequate risk cover option to ensure that the death benefit is a considerable lump sum, which can aid your child and family in case of your demise.

Transamerica actually forces you to take a minimum death benefit as a lump sum of $ 10,000.

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.

Protective Life — Competitive for controlled Type 2 diabetics, especially if you take your death benefit over time (over 20 years) instead of a lump sum.

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 additional death benefit can be taken as lump sum or as 25 % of basic sum assured paid at the end of the each last four years and family income benefit as 1 % of the basic sum assured at the end of every month following the date of death till the end of the policy term but not less than 36 monthly payments.

The nominee can choose to take 100 % of the death benefit in lump sum or 50 % in lump sum and 60 % in instalments under the Family Income Benefitbenefit in lump sum or 50 % in lump sum and 60 % in instalments under the Family Income BenefitBenefit option

Death benefit can be either taken wholly in lump sum or partly in lump sum and partly in monthly instalments

The life company may take some time to investigate the circumstances of the death but, if all passes muster, then the insurer will pay out the death benefit or protection amount in a lump sum or in annual payments.

The death benefit option under the plan is flexible and can be taken in lump sum, as monthly instalments or in a combination of both.

The policyholder can choose to take the death benefit in lump sum, in monthly instalments or in a combination of both.

The death benefit under the plan can be taken in lump sum, as annual incomes and as increasing annual incomes.

If you're looking to protect your own life in some way and allow a family member to receive a lump sum death benefit should you pass away, take a look at the policies below and see if any meet your needs.

For example, on a death benefit of $ 100,000, if your beneficiary chooses to take the death benefit in the form of monthly installments of $ 1,000 over a 10 year period instead of a lump sum, the amount above the $ 100,000 life insurance proceeds will be taxed.

Alternatively, you can take a term plan and invest in this plan with premium waiver benefit, so in case of unfortunate death, lump sum takes care of the child's growing age and immediate family contingencies and the child plan takes care of regular return at the childs stipulated age, as planned by you, without paying anything.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is as follows: Lump Sum Benefit: A lump sum amount is paid at the time of claim to take care of any immediate financial requirements of the fadeath of the life assured while the policy is in - force, the Death Benefit payable is as follows: Lump Sum Benefit: A lump sum amount is paid at the time of claim to take care of any immediate financial requirements of the faDeath Benefit payable is as follows: Lump Sum Benefit: A lump sum amount is paid at the time of claim to take care of any immediate financial requirements of the famLump Sum Benefit: A lump sum amount is paid at the time of claim to take care of any immediate financial requirements of the famlump sum amount is paid at the time of claim to take care of any immediate financial requirements of the family.

There are few term plans which offer the flexibility to the nominees to take the death claim as lump sum at a discounted rate even if in the plan benefit is opted as staggered payout.