Sentences with phrase «thing as a death benefit»

Assuming you are talking about life insurance policies, the loan value of a policy is not the same thing as the death benefit.

That is not exactly the same thing as a death benefit even though it is a payment made as a result of a death.

Not exact matches

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

The great thing about life insurance is that the death benefit is paid out income tax free and not necessarily tax free altogether as life insurance proceeds are typically included into the gross estate of the decedent (the deceased) and are thus subject to estate taxes (sometimes called «death taxes»).

Accident benefits: No matter who caused the accident, accident benefits will typically cover the cost of medical treatment, income replacement, death and funeral expenses as well as other things.

You may claim such things as the replacement value of your vehicle, attendant care benefits, housekeeping benefits, home maintenance benefits, income replacement benefits, death benefits, funeral benefits, medical benefits and rehabilitative benefits.

Here are some things you can do to make sure your life insurance death benefit proceeds can get to your beneficiaries as quickly as possible:

Death benefits can cover such things as income replacement, debts, and burial expenses.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

The cash value grows at a guaranteed rate annually and can be borrowed against to pay for certain things (such as an emergency hospital bill), but is not added to the death benefit.

If something happens to you, the death benefit provides funds they can use to pay such things as the mortgage, buy food and clothing, and get an education.

The only thing that must be understood is that any use of the cash value, whether as a loan to you, or an «Automatic Premium Loan» to the insurer (if you forgot to or stopped making premium payments), disrupts the death benefit payable to the beneficiary.

This policy offers flexible premium payments and death benefit options, including the ability to use cash value as a future financial cushion for things like retirement income and / or paying off debts.

An insurance company must prove that the insured broke the rules of the policy in order to avoid paying a death benefit, and that's not an easy thing to do, especially when it comes to something as hard to quantify as a person's state of mind at the time of death.

There are policies that grow a cash value,» which is not the same thing as the amount that the life insurance policy pays out to your beneficiaries (the «face value» or «death benefit» of the policy).

So we wanted to clear up that a guaranteed issue policy is the same thing as a graded death benefit policy.

If you find out you are terminally ill and only have 6 weeks to live and there were no such thing as graded death benefits, then the first thing you would do is buy a life insurance policy to make sure your beneficiary immediately got $ 25,000.

The last thing you want to learn about 5 years from now (after paying for a policy for 5 years) is that the $ 25,000 burial life insurance policy that you purchased has some type of «depreciating death benefit» that goes in effect as you age.

If there is one thing that you should take away from my experience, is to think of the death benefit from the term insurance as a final, affectionate embrace you will ever give your family.