Sentences with phrase «than a death benefit on»

Assuming the same LTC benefit, the death benefit on a life hybrid product would likely be higher than a death benefit on a linked - benefit product.

Not exact matches

However, permanent life insurance solutions that focus on providing lifetime guaranteed death benefits, such as these, are typically less expensive than other types of permanent life insurance that emphasize savings opportunities.

On the other hand, if you have severe enough health problems to not qualify for term life insurance, mortgage life insurance will offer larger death benefits than many alternatives.

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

In a life table model, assuming that these observations arose from a causal relation, we estimated the benefits of cessation to be substantial; the benefits on all cause mortality seem likely to be mainly due to reduced progression of cancer rather than prevention of cardiorespiratory disease, but no studies reported cancer specific death rates to confirm this.

On the other hand, if you have severe enough health problems to not qualify for term life insurance, mortgage life insurance will offer larger death benefits than many alternatives.

While it can put stress on a loved one to try to handle burial planning and the associated costs during an emotional time, they'll be able to keep whatever remains of the payout if the total costs are less than your death benefit.

If you or your beneficiary elect an option other than lump sum, any interest accrued on the death benefit will be taxed.

The accelerated death benefit rider comes in handy if you are diagnosed with a terminal illness and, depending on the policy, have less than one to two years to live.

Horizon Guarantee focuses more on permanent death benefit protection, rather than early cash value growth.

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

If you list more than one primary beneficiary on your application, you will be required to list what percentage of the death benefit each beneficiary is to receive.

Whole life insurance is much more expensive than term life insurance — often 4 times as expensive for the same death benefit — because the premiums are going toward: the accumulating cash value, fees and charges (more on this later), and the death benefit (i.e., the life insurance).

Our focus on these top whole life insurance companies is on the cash accumulation feature, more so than the death benefit.

This type of universal life insurance focuses LESS than other types of permanent life insurance on cash value accumulation and MORE on securing a permanent death benefit.

Income Advantage is focused on cash value accumulation, rather than death benefit.

Continuing under the assumption that you have a defined benefit pension plan that will pay you $ 50,000 per year until you pass away I would say that your pension plan is more similar to a life annuity rather than a GIC since a GIC comes to term whereas an annuity pays until death, but if you are trying to put a value on the holding of your pension plan I would say that yes, it is fair to count it as a million dollar GIC at 5 %.

Key person life insurance policies are taken out by companies on their employees, with death benefits that are paid to the company, rather than to the insured person or to their estate or heirs.

This is really more of a clarification than an objection, given the fact that paying the premium buys you a product... a guaranteed return on investment, death benefit, dividends, etc..

First, they pay out the death benefit on a graded basis, and second, they charge a higher premium than alternate policies.

They are less expensive than individual life insurance because they're paying out the death benefit farther in the future i.e. on the death of the second spouse.

Since the insurance company must make a profit, and since they know they will always pay out on a whole life policy, whole life tends to be very expensive, and has lower «death» benefits than a term policy.

These accelerated benefit riders would give a portion of the death benefit to the policy owner prior to the death of the insured, based on the requirement that the insured was terminally ill with less than 12 months to live.

Now it's true that the death benefit on both is only $ 4 million compared to $ 8 million with the two policies, but as you can see the price is significantly less than even insuring one of them for $ 4 million.

Particularly when we are focused on a death benefit, rather than cash value accumulation, a relatively small sum of money can purchase a large death benefit.

A company will usually pay more than the cash surrender value, but less than the death benefit, although the exact price depends on a number of factors.

If the death benefit is significantly higher than what you are being offered, it might be best to hold on to the policy unless you absolutely need the funds and can no longer pay the premiums.

Check with your super fund (s) whether the total value of your retirement phase interest (s), including any death benefit income stream, is likely to be more than $ 1.6 million on 1 July 2017.

Because the premium for survivorship insurance is based on joint life expectancy, the cost is usually less (per thousand dollars of death benefit) than it would be for a policy covering either life alone — and significantly less expensive than buying two separate policies.

As a result, investors are likely to discount the cash value more aggressively (i.e., to make a relatively less generous offer if it must include buying out existing cash value on top of the policy death benefit) than a policy with little or no cash value.

(2) Notwithstanding anything in this Act, but subject to subsections (2.1) and (2.2), an application for a benefit, other than a death benefit, that would have been payable in respect of a month to a deceased person who, prior to the person's death, would have been entitled on approval of an application to payment of that benefit under this Act may be approved in respect of that month only if it is made within 12 months after the death of that person by the estate, the representative or heir of that person or by any person that may be prescribed by regulation.

Universal life insurance offers flexible premium payments and a death benefit than can be increased or decreased depending on your needs.

I think life insurance is a much safer bet than Vegas, because if you die while your life insurance policy is «In Force» your beneficiary will receive the death benefit, but in Vegas your odds aren't even 50/50 on any form of gambling.

While it can put stress on a loved one to try to handle burial planning and the associated costs during an emotional time, they'll be able to keep whatever remains of the payout if the total costs are less than your death benefit.

The key to high cash value growth is to build a policy focused on cash value, rather than a death benefit.

Whether the value of a level death benefit policy is better than that of an increasing death benefit policy mostly depends on the age of the insured.

Depending on your age, what you're looking to accomplish, and how much permanent death benefit you need, one may be a better option than the next.

These life insurance policies are focused on burial insurance and have a smaller death benefit than some other life insurance policies.

Further, a properly structured participating whole life policy will focus more on cash accumulation than death benefit, which allows for lower premiums and fees, and quicker cash accumulation.

The same money spent on term coverage will get you much more death benefit than a permanent life insurance policy.

Since the death benefit on term life insurance is paid on less than 1 % of policies, there is relatively low risk to insurers.

If the death benefit is significantly higher than what you are being offered, it might be best to hold on to the policy unless you absolutely need the funds and can no longer pay the premiums.

Variable Life Insurance is fraught with more risks for the policyholder than any other types of insurance with a buildup of cash value feature because both the cash value and the amount of the death benefit may fluctuate up or down depending on the performance of the investment funds selected by the policyholder to underlie the policy.

Whole life insurance is much more expensive than term life insurance — often 4 times as expensive for the same death benefit — because the premiums are going toward: the accumulating cash value, fees and charges (more on this later), and the death benefit (i.e., the life insurance).

They're more expensive than regular term life, for example, and they have special restrictions on when and how much of the death benefit is paid.

According to Guinness World Records news service, the policy features «a combined death benefit to be paid upon the death of the single insured that more than doubles the previous record, set by Peter Rosengard from the U.K., whose record - breaking insurance sale in 1990 sold at $ 100 million (then # 56 million) on the life of a U.S. entertainment industry figure.»

If kept long enough, the premium on this policy will increase faster than the death benefit.

If there is more than one primary beneficiary on that policy will they both each have their own Death Benefit claim or will they each get their own?

If you list more than one primary beneficiary on your application, you will be required to list what percentage of the death benefit each beneficiary is to receive.

A business owner with permanent life insurance can use their death benefit to help ensure that the lights stay on long after their gone, but it can do more than that too.