Sentences with phrase «than the death benefit received»

As long as you don't «over commit» by purchasing a life insurance policy that you can't afford, you'll rarely reach the point of paying more into the policy than the death benefit received.

Not exact matches

One of the key differences to understand is that while you can purchase much more term life insurance than permanent insurance for your money, if you don't die during the term, your favorite charity won't receive any 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.

An accelerated death benefit allows a policyholder to receive an advance of the face amount if diagnosed with a terminal illness and given less than twelve months to live.

The amount you receive will be greater than the policy's cash value and less than its death benefit.

This rider allows you to receive a portion of your policy's death benefit while you're still alive if you've been diagnosed with a terminal illness (meaning less than 12 months to live).

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.

You can receive much more than $ 250,000 worth of coverage by opening an account with a death benefit to your spouse, or by opening an account for your child.

If your beneficiaries elect to receive the death benefit as installments rather than a lump sum, some of that will be taxed.

Conveniently leave money for your loved ones with the ability to bypass your estate by naming a beneficiary other than the estate to receive the death benefit

Whether you are the sole breadwinner, one half of a joint - income couple, or a stay - at - home - parent, a term life insurance death benefit (the funds that your beneficiaries will receive upon your passing) can do much more than add a temporary boost to family finances and pay for funeral and burial expenses.

The death benefit of your policy will always be more than what you will receive if you sell it.

It may allow you to receive more money than if you cancelled or surrendered the policy for its cash value, but less than the face value — or death benefit — of the policy.

Then when you pass away, your heirs would receive nada bupkiss el zilcho (unless you paid the insurance premium to provide a death benefit, then you'd get about 15 % less paycheck than with American Funds).

If a person no longer wants or needs their life insurance then why should they be denied the opportunity to receive a value greater than the cash surrender value but less then the death benefit?

The selling policyowner receives an upfront cash payment in exchange for transferring ownership of the life insurance policy — typically more than any existing cash value but less than the policy's full death benefit — and the investor as the new owner then continues to make the ongoing / annual premium payments.

(6) In an action for loss or damage from bodily injury or death arising directly or indirectly from the use or operation of an automobile, the damages to which a plaintiff is entitled for pecuniary loss, other than the damages for income loss or loss of earning capacity and the damages for expenses that have been incurred or will be incurred for health care, shall be reduced by all payments in respect of the incident that the plaintiff has received or that were available before the trial of the action for statutory accident benefits in respect of pecuniary loss, other than income loss, loss of earning capacity and expenses for health care.

However, death benefit recipients must receive no less than $ 224 each week.

Cost of Living Increase: If you are receiving temporary total, permanent total, or death benefits, you can request this benefit each October if the combination of workers» compensation and Social Security benefits is less than 80 % of pre-injury earnings.

If this gentleman files a claim for 10 % of the value of his death benefit, he will receive a little less than $ 50,000.

Should you die while the policy is in force, your beneficiaries will receive not only your the initial face value as a death benefit, but also it's common for dividends to buy additional insurance by way of what are called «paid up additions», so the death benefit could actually be higher than the face value at the purchase of the policy.

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.

If your doctor tells you to have less than 12 months to live you are eligible to receive up to 50 % of your death benefit whether to take care of any hospital bills, enjoy your last moments with your family, or just check off your bucket list.

You also need a permanent life insurance plan, where the death benefit would be enough to supply a future income to the surviving spouse, for as long as she lives, which is equal or greater than what she may have received from the join and survivor benefit plan.

Graded death benefits means that if the policyholder dies of natural causes (any cause other than an accident) during the first two years the beneficiaries will receive all premiums paid plus 10 percent.

Critical Illness Payment: Any accelerated death benefit payment a policy owner receives will be less than the amount of the death benefit that is accelerated — because the benefit is paid prior to the insured's death.

Because they buy it for less than the death benefit, (but more than your cash value), before receiving the death benefit after you pass away.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

Instead, you continue earning dividends and your loved ones will still receive a death benefit after death (although lower than first planned).

It appears Ledger's (then) 2 - year - old daughter, Matilda, received a percentage of the $ 10 Million death benefit from the insurance carrier, ReliaStar Life Insurance Co., rather than all of it.

Unless you've held a policy for a very long time, the death benefit your beneficiaries receive will be considerably more than the premiums you've paid into the policy.

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

However, if it is less than three months since you received the pacemaker, you will probably be postponed, but you can get a graded death benefit policy right away.

This means that if the insured passes away within the first two or three years that the policy is in force, the named beneficiary will only receive a portion of the death benefit rather than the entire stated amount.

But if you receive that as a death benefit and withdraw $ 75,000 a year to make up for your deceased spouse's lost income, that $ 500k will be gone in less than 10 years.

The death benefit of your policy will always be more than what you will receive if you sell it.

There are a few edge cases, like if the death benefit is rolled up in an estate tax or if your beneficiaries elect to receive it in installments rather than a lump sum, but for the most part the money is paid out without being reduced by taxes.

It may allow you to receive more money than if you cancelled or surrendered the policy for its cash value, but less than the face value — or death benefit — of the policy.

If you're buying a final expense or pre-need insurance policy, find out if it's possible you will pay more premiums than your beneficiaries will receive in death benefit.

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.

If your estate is valued at less than the exemption level in place at the time of death, your beneficiaries can already receive your death benefit free of estate taxes.

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.

The insurance company will never receive premiums that are equal to or greater than the death benefit.

The amount received from selling a policy will always be greater than the cash surrender value and less than the death benefit value.

I received a cold call from my Prudential agent telling me that if I cashed in my policies I could buy paid up insurance that would provide a death benefit that would be greater than the value of the 2 policies that I have now.

Rather than the life insurance company pay the normal lump sum death benefit, with the IPO you choose how much and for how long your beneficiary receives monthly or annual payments.

This rider allows you to receive a portion of your policy's death benefit while you're still alive if you've been diagnosed with a terminal illness (meaning less than 12 months to live).

Any sum received other than as death benefit under an insurance policy which has been issued on or after April 1 2003 and if the premium payable in any of the years during the term of the policy does not exceed 20 % of the sum assured.

One of the key differences to understand is that while you can purchase much more term life insurance than permanent insurance for your money, if you don't die during the term, your favorite charity won't receive any death benefit.