Sentences with phrase «time death benefit payment»

Reach out to the Social Security Administration to receive a one - time death benefit payment, if eligible.

Not exact matches

CPP Death Benefit The Canada Pension Plan death benefit is a one - time, lump - sum payment to your estate that can help to pay for funeral cDeath Benefit The Canada Pension Plan death benefit is a one - time, lump - sum payment to your estate that can help to pay for funeralBenefit The Canada Pension Plan death benefit is a one - time, lump - sum payment to your estate that can help to pay for funeral cdeath benefit is a one - time, lump - sum payment to your estate that can help to pay for funeralbenefit is a one - time, lump - sum payment to your estate that can help to pay for funeral costs.

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

Borrower benefits: RISLA offers its borrowers options like loan forgiveness in the case of death or permanent disability, forbearance for up to 12 months for borrowers who go back to school, and co-signer release after 24 months of on - time payments

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.

Fixed annuities offer a standard death benefit of a lump sum payment or withdrawals under an income option of the full value of the contract at time of death.

ANICO's GUL policy provides guaranteed death benefit protection as long as premium payments are made on time.

Each time you make a premium payment, a portion is put towards the cost of insurance (such as administrative fees and covering the death benefit) and the rest becomes part of the cash value.

That is, you get life insurance with a death benefit, but part of your premium payments fund a cash account that in theory should grow in value over time.

With universal policies (universal life and variable universal life) you can reduce or increase the amount of the death benefit and vary the amount or timing of premium payments, subject to certain limitations.

There is a two - year period of contestability between the time of your insurance application and your death, within which the insurance company can contest the payment of benefits.

If there are no dependent children, or none that are eligible for this benefit at the time of death, the beneficiary will receive a lump sum payment of $ 2,500.

Universal life provides a death benefit, and cash value build up, however, these policies are more flexible than whole life, as the policyholder may (within certain guidelines) alter the timing and the amount of the premium payment.

The insured may make a nomination at any time during the policy term with the purpose of payments of benefits in the event of his death.

Universal life can provide you with a variety of different payment options, including a flexibility of changing your death benefits, as well as the potential to accumulate cash value over time.

As permanent policies, they afford the flexibility to vary the amount or timing of premium payments, and the death benefit may be adjusted up or down (in accordance with the plan limits) without having to purchase a new or separate policy.

A minimum guaranteed death benefit that won't decrease as long as you continue to make your minimum premium payments on time

The death benefit payable will be the amount higher of the Sum Assured or 10 times the annual premium or 105 % of total premiums paid till the date of death for regular premium payment option and higher of Sum Assured or 125 % of the Single Premium paid under the Single Premium payment option.

You buy a policy for a set period of time, make monthly payments (premiums), and, in the event of the death, have a death benefit paid out to your beneficiary.

There are two preferences of payment of death benefit under this HDFC child plan which are Save Benefit and Save - n - Gain Benefit and the death benefit will be paid as per the Benefit Payment Preference chosen by the policyholder at the time of buying tpayment of death benefit under this HDFC child plan which are Save Benefit and Save - n - Gain Benefit and the death benefit will be paid as per the Benefit Payment Preference chosen by the policyholder at the time of buying tbenefit under this HDFC child plan which are Save Benefit and Save - n - Gain Benefit and the death benefit will be paid as per the Benefit Payment Preference chosen by the policyholder at the time of buying tBenefit and Save - n - Gain Benefit and the death benefit will be paid as per the Benefit Payment Preference chosen by the policyholder at the time of buying tBenefit and the death benefit will be paid as per the Benefit Payment Preference chosen by the policyholder at the time of buying tbenefit will be paid as per the Benefit Payment Preference chosen by the policyholder at the time of buying tBenefit Payment Preference chosen by the policyholder at the time of buying tPayment Preference chosen by the policyholder at the time of buying the plan

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.

Then I read further, and apparently, the idea is more like, the death benefit goes up over time as the premiums are paid, but if someone stops paying the premiums the death benefit is still paid but it's just whatever small amount he had left it at with his last premium payment.

With EstateWise Platinum a one - time premium deposit of as little as $ 10,000 can buy a guaranteed death benefit that is significantly higher than the single payment.

Variable Universal Life Insurance — Another type of permanent coverage, variable universal life insurance, provides a death benefit, along with flexible premium payments, and the ability to build cash value over time.

Death benefit proceeds received over time are subject to tax on any interest component of your payment.

Over time, you may save a decent amount of money, which can be used to make premium payments, as a loan or an added death benefit.

If you're considering buying a universal life policy with secondary guarantees — low - premium guaranteed death benefits for life or for a specified period of time — a late payment can impact the policy benefits.

Both would include a modified death benefit, where only a partial payment would be delivered if death occurs in the first few years, with the exception being accidental death where it would pay in full regardless of time frame.

The only other time such accumulation might be taxable is upon payment of the death benefit, and for the same reasons — the distribution exceeds cost basis (or interest paid on the death benefit from the actual date of death to the time of the death claim payment).

If the beneficiary sets a time to stop receiving interest payments and is alive when that time comes, they will receive the full death benefit of the policy then.

These include Medical Payments to cover your own injuries, Auto Death Benefits for the family should the income provider be injured fatally, as well as Disability Benefit in case your injuries prevent you from earning your usual income for a period of time.

Each time you make a premium payment, a portion is put towards the cost of insurance (such as administrative fees and covering the death benefit) and the rest becomes part of the cash value.

That means that from the time of purchase to the end of the policy, your premium payments and death benefit should remain locked in place (so long as you make your premium payments on schedule, and haven't taken out any cash value).

Over time, you can adjust both the death benefit and premium payments on this universal life policy while also enjoying tax - deferred interest for the cash value component.

Level Term Life Insurance DEFINITION: it is a valuable, cost efficient tool that enables the user to insure his or her life in order to provide financial protection for his or her beneficiaries for a guaranteed set period of time, offering a guaranteed death benefit and level premium payment during the term.

Here, the amount of the income payments will be based on the amount of the policy's death benefit proceeds, as well as the life expectancy of the income recipient who is anticipated to live for a longer period of time.

Death benefit amounts, premium payments, and even some core contract provisions can be changed almost at any time.

In cases where there is no surviving spouse, the one - time payment is made to a child who is eligible for benefits on the deceased's record in the month of death.

Beneficiaries have the option to receive death benefit proceeds either in the form of a lump sum, one - time payment, or as a continuation of monthly or annual annuity payments paid directly to them.

But, the policyholder may simply increase the premium payments or lower the death benefit (or both) to keep the policy in force at any time.

This does not expire when the policyholder reaches a certain age; and that allows the policyholder to adjust the amount and timing of premium payments and the amount of the death benefit while the policy is in force.

If you do not get your first benefit payment within that time frame, you are authorized to receive extra payments in the form of interest on the total amount of the death benefit.

Whole life insurance does give the policy owner the option of using dividend payments to purchase additional paid up insurance, so hypothetically a whole life policy can have an increasing death benefit over time if this dividend option is chosen.

With a term life insurance plan, the policyholder's monthly payment is the same throughout a set time period — or «term» — such as 20 or 30 years, in return for a stated amount of death benefit protection should they pass away during the time that the policy is in force.

The lump - sum Social Security death benefit is a one - time payment of $ 255.

The flexibility comes in that the policyholder is allowed to change — within certain guidelines — the death benefit, as well as the timing and the amount of the policy's premium payment.

Another endorsement — the Income Protection Option (IPO)-- will allow the policy owner to choose a specific form of payout for the policy's death benefit, including either a lump sum at various times or monthly payments to the beneficiary, at the time of policy issue.

For example, this type of policy allows policy holders to adjust the death benefit — as well as the premium payments — to fit changing circumstances over time.

You can reduce or increase your death benefit, and also pay your premiums at any time and in any amount (subject to certain limits) after you've made your first premium payment.

Term plans are investments which ask for scheduled payments for a specific agreed upon time known as premiums and the benefits as per the terms and conditions of the term plan, benefits are provided to the family after the death of the insured.