Sentences with phrase «time of the death of the insured»

Any existing loans against your permanent life insurance policy will decrease the amount of the payout to the beneficiary at time of death of the insured.

Death benefit A death benefit is the amount paid to the beneficiary at the time of the death of the insured.

And, while these funds are not required to be paid back, it is important to note that any amount that is not repaid to the policy will be counted against the death benefit that is paid out to the policy's beneficiary at the time of the death of the insured.

The amount of income the beneficiaries receive depends upon the death benefit, gender, and age at the time of death of the insured.

Death benefit A death benefit is the amount paid to the beneficiary at the time of the death of the insured.

If the cash value loan or withdrawal is not repaid, this amount will then be deducted from the amount of death benefit that is paid out to the beneficiary at the time of the death of the insured.

And, while these funds are not required to be paid back, if there is an unpaid cash value balance in the policy at the time of the death of the insured, then this amount will be subtracted from the death benefit that is paid out to the beneficiary.

Under regular or limited premium mode option, 10 times of the yearly premium or 105 % of the total premium paid till the time of the death of the insured person, is paid to the nominee of the policy.

Death Benefits: Higher of 100 % of sum assured plus guaranteed additions on the premium paid or 105 % of premiums till date of death or 10 times annualized premium is payable at the time of the death of the insured

Premium Waiver: All future premiums are waived off at the time of death of the insured, but the policy shall continue and all benefits including survival benefit and maturity benefit shall be paid as per schedule

Save - n - Gain Benefit: Under this option, at the time of death of the insured, the sum assured shall be paid to the child.

Lumpsum with Conversion: A lumpsum amount shall be paid at the time of death of the insured.

Life Option with Premium Funding Benefit (PFB): At the time of death of the insured, the nominee shall receive higher of the sum assured or 105 % of the premiums paid till maturity and along with under PFB, future premiums shall be paid by the company.

Regardless of circumstances, permanent life payments won't go to waste — the death benefit gets paid out at the time of death of the insured, along with the accumulated cash value plus interest.

The term is in effect until the mortgage is paid off, with the death benefit being only the remaining balance on the loan at the time of the death of the insured.

The increased sum assured (effective SA) at the time of death of the insured will be paid to the nominee in the event of insured expiring during the policy term.

Traditionally, term plans were synonymous with a one - time whole cover amount payment by the insurer company at the time of death of the insured, during the policy term.

It is a minimum death benefit amount that will be provided regardless of the underlying policy's cash value at the time of the death of the insured.

Death benefit amount: Depends on the sum assured chosen and policy year at the time of death of the insured