Sentences with phrase «than the death benefit payout»

A viatical settlement happens when someone sells their policy for more than their current cash value, but less than the death benefit payout.

Not exact matches

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.

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 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.

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.

Premium payments are also fixed for the term of the policy, but because a death benefit payout is expected more often than not, premium rates are often higher than with term life insurance.

LTCSO is not additional monetary benefit, but an early payout of a death benefit to the insured rather than to a designated beneficiary.

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.

When this occurs, the investors must keep paying the premiums and wait longer than expected to receive a death benefit payout.

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.

Rather than a lump sum death benefit payout, the rider stretches out the death benefit payout over a longer period, say 10 years or 20 years.

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.

Investors buy groups of life insurance policies for more than their current cash value because with a large enough group of policies, they will make money from the death benefit payouts.

The death benefit of universal and variable universal life insurance are tied to the success of investments, so the actual death benefit payout may be less than the policyholder planned to leave his or her family if the investments do not yield the anticipated return.

Statistically, less than 5 % of term life insurance policies ever result in a payout, which may seem wasteful and discouraging until you realize you have to die for your family to earn a death benefit payout.

A full endowment is a with - profits endowment where the basic sum assured is equal to the death benefit at start of policy and, assuming growth, the final payout would be much higher than the sum assured.

If the loan principal amount is lower than the policy's death benefit at the time that a payout is made, your secondary beneficiary (for example, business partner or spouse) will receive the difference after the primary beneficiary (the lender) receives its payout.

If the death benefit amount is more than the loan balance, your listed beneficiaries will receive the remaining payout amount.

In order to properly utilize the pension maximization strategy, George would choose the single - payout option only if he is able to secure a permanent life insurance policy with at least a $ 210,000 death benefit for less than $ 2,000 per month, or $ 24,000 per year.

Reasons to negotiate for life insurance coverage at your job: Life insurance is more than just a vehicle to gain a death benefit payout from.