Death Benefit
+ Terminal Illness Benefit + Critical Illness Benefit - Basic (Covering 10 Critical Illnesses)(This is not available to customers who have diabetes.)
In case of death of the any insured member (whosoever dies first out of the 2 lives or both lives die together) after payment
of Terminal Illness Benefit, remaining amount of the Sum Assured is payable and contract will terminate thereafter.
o Option A: - Base: In the event of insured's unfortunate demise, the base sum Assured (less
terminal illness benefit already paid) is payable to the nominee as a lump sum amount.
In the event of insured's unfortunate demise, the base sum Assured (
less terminal illness benefit already paid) is payable to the nominee as a lump sum amount.
Aegon Religare Life Insurance, for instance, started the online channel with term insurance, evolved the product, and included new covers such
as terminal illness benefit covers.
There is an inbuilt
terminal illness benefit under the plan which pays 50 % of the guaranteed maturity Sum Assured in case of diagnosis of a terminal illness.
There are many different ways in which policy holders may structure their insurance coverage through Primerica, as the company offers individual riders and add - ons
like terminal illness benefit, waiver of premium, and increasing benefit riders.
There is an inbuilt
Terminal Illness Benefit rider under which if the insured is diagnosed with any Terminal Illness, 25 % of the Sum Assured is paid immediately and the balance is paid as and when it falls due as per the death benefit option selected by the policyholder.
In case
if Terminal Illness benefit is paid and the Life Assured survives till the end of Policy Term, all premiums paid (exclusive of service tax, rider premiums, and extra premium charged if any) will be returned back.
In case of death of the any insured member after payment
of Terminal Illness Benefit, remaining amount of the Sum Assured is payable and contract will continue for the 2nd life till death of 2nd life or expiry of policy term, whichever is earlier.
Under this HDFC term plan, policy holders are provided with death / diagnosis
with terminal illness benefits, accidental death benefit and maturity benefits.
Terminal illness benefits in mortgage protection policies allow you to receive your death benefit from 12 months to 24 months before your death.
Includes
a terminal illness benefit - if you are diagnosed with a terminal illness and your life expectancy is less than 12 months, your cover amount will be paid out
Many fixed annuities offer optional benefits, which may include guaranteed lifetime income, the opportunity to make annual penalty - free withdrawals of a certain portion of the contract, an accelerated withdrawal benefit for certain health conditions,
a terminal illness benefit, and an extended care benefit.
Other possible benefits include penalty - free required minimum distributions, extended care benefits, and
terminal illness benefits.
The Terminal Illness Benefit is subject to a maximum of $ 250,000 for all Jackson contracts.
These transactions or services include, but are not limited to, underwriting life insurance policies, obtaining reinsurance on life policies and processing claims for waiver of premium, accelerated death benefits,
terminal illness benefits or death benefits.
Terminal illness benefit is a one - time acceleration of up to 50 percent of the death benefit proceeds payable under the base policy, not to exceed $ 250,000.
In addition, a Chronic Illness Benefit and
Terminal Illness Benefit are included at no additional cost.
A terminal illness benefit, which can allow clients access to 40 percent of their death benefit proceeds after being diagnosed with a terminal illness that gives them a life expectancy of six months or less
Payment of
the terminal illness benefit will reduce the amount of any death benefit that may be payable.
Under the first Option of Death Benefit called Option A, the Sum Assured net of
the Terminal Illness Benefit already paid is paid to the nominee
Waiver of Premium on Disability, Critical Illness Benefit, Death Benefit / Terminal Illness Benefit
-
Terminal illness benefit.
For
the Terminal Illness Benefit, illnesses arising out of self - inflicted injuries, alcohol abuse, failure to follow medical advice, HIV and AIDS infection, war, aviation, etc. are excluded.
The Terminal Illness Benefit is a one time acceleration of up to 50 % of the death benefit proceeds payable under the base policy, but not to exceed $ 250,000.
If you're diagnosed as having less than one year to live
the Terminal Illness Benefit will come to the rescue.
They offer 4 riders which are the Critical Illness Benefit, Chronic Illness Benefit,
Terminal Illness Benefit, Unemployment Rider and Accidental Death.
These transactions or services include, but are not limited to, underwriting life insurance policies, obtaining reinsurance on life policies and processing claims for waiver of premium, accelerated death benefits,
terminal illness benefits or death benefits.
The Terminal Illness Benefit outlines that if you are diagnosed with a terminal illness, American General Life Insurance Company will provide 50 % of your death benefit amount while you are alive less any policy loan balance and and administrative fee.
Death or
Terminal Illness Benefit shall be payable according to the benefit option chosen by policyholder at inception.
Terminal Illness Benefit — Borrow up to 75 % of your death benefit if you become terminally ill.
Apart from having an inbuilt
terminal illness benefit, this plan also waives off all future premiums in case, you are diagnosed with a terminal illness.
In case of terminal illness,
the terminal illness benefit is paid if the insured is expected to live for not more than 6 months.