Sentences with phrase «to pay a death benefit to one's beneficiaries»

This kind of policy pays a death benefit to your beneficiaries if you pass away before the term expires.

It is quite different from term insurance, which covers you for set number of years and only pays death benefits to your beneficiaries.

The policy pays a death benefit to your beneficiary no matter when you die, whether it's tomorrow or in 50 years.

Life insurance pays a death benefit to the beneficiary of the life insurance policy.

Life insurance pays a death benefit to the beneficiary when the insured dies.

The universal life insurance coverage extends to two people and pays the death benefit to the beneficiary upon the death of the second insured.

Term life pays a death benefit to your beneficiaries if you die during the «term» of the policy (the specified time that the policy is in effect).

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

Upon the death of the insured, the insurance company pays a death benefit to the beneficiary.

Term life insurance can help protect your family's financial well - being by paying a death benefit to your beneficiaries in the event the unthinkable were to happen to you.

If you die within that specific period of time, the life insurance carrier pays a death benefit to your beneficiaries.

The main purpose of the policy is to pay a death benefit to the beneficiary named in the policy.

With term life insurance, the insurance provider pays the death benefit to your beneficiary.

Permanent life policies, including whole life insurance, variable and universal life, pay a death benefit to your beneficiary no matter when you die — next week or in 50 years.

The terms of the contract provide that in exchange for the payment of premiums, the insurance company will pay a death benefit to a beneficiary designated by the owner.

If you die from natural causes during the waiting period, your insurance company will not pay the death benefit to your beneficiary.

Upon the death of the insured, the insurer pays a death benefit to the beneficiary of the policy, typically income tax free.

Typically, a life insurance company will pay a death benefit to a beneficiary within a few days of receiving proof that the insured has died.

During this time, life insurance companies must still pay the death benefit to your beneficiaries should you pass away.

Insurance carriers rate your risk of dying prematurely, thus resulting in the insurer having to pay the death benefit to your beneficiaries before you make a significant amount of premium payments.

It is quite different from term insurance, which covers you for set number of years and only pays death benefits to your beneficiaries.

Term life offers coverage for a set period of time and then expires, and pays a death benefit to beneficiaries if the policyholder dies while the policy is in effect.

The company promises to pay a death benefit to a beneficiary when the insured dies, as long as the insured meets the conditions of the contract.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

If you die within the term, then the life insurance company pays a death benefit to your beneficiary.

If you die within that specific period of time, the life insurance carrier pays a death benefit to your beneficiaries.

The main purpose of the policy is to pay a death benefit to the beneficiary named in the policy.

With term life insurance, the insurance provider pays the death benefit to your beneficiary.

Like all life insurance policies these policies pay a death benefit to your beneficiaries.

Term life pays a death benefit to any beneficiaries you choose, such as your spouse, if you die within the policy's term.

The insurance company will pay death benefits to the beneficiary after deducting the unpaid premium.

The cost of insurance for the renewable term element inside a universal life insurance policy can be high in later years, but some companies reduce the cost of insurance by paying the death benefit to beneficiaries over an extended period of 30 years.

The Insurance Company — issues the policy and is responsible for paying the death benefit to the beneficiaries if the insured dies while the policy is in force

The annuity contract pays a death benefit to the beneficiaries designated by the owner of the annuity when the annuitant dies.

The policy is a contract between the insurance company and the insured that states that as long as the contract items are met (premiums paid), the insurance company will pay the death benefit to the beneficiaries list on the policy.

Provided you were honest on your life insurance application, didn't hide an existing drinking problem or vehicle violations, and have had your policy for at least two years, most companies will pay a death benefit to your beneficiaries regardless of your cause of death.

Can you answer the question: how many Whole life / Universal Life / Cah Value pilicies pay death benefit to beneficiaries?

Due to the set time frame of term life insurance, the policy will only pay a death benefit to the beneficiary if the insured's death occurs while the policy is in - force.

DEFINITION of Life Insurance: Life insurance is a contract between the owner and the insurer, where the insurer agrees to pay a death benefit to the beneficiary upon the death of the insured.

The company promises to pay a death benefit to a beneficiary when the insured dies as long if the insured meets the conditions of the contract (for example, dying within the term period).

Which means that if you die (due to an «natural cause of death) in the first two years of your policy, your guaranteed issue life insurance policy will not pay the death benefit to your beneficiaries.

Term life insurance provides coverage for a certain period, such as 10, 20 or 30 years, and pays a death benefit to the beneficiary if the insured person dies during the term.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

Upon the death of the insured, the insurance company pays a death benefit to the beneficiary.

The policy pays a death benefit to your beneficiary only if you (the insured) dies during the time or period the policy is in effect.

Term life insurance is a less expensive life insurance option and a good choice when you are on a budget because it is temporary and only pays a death benefit to beneficiaries of the policy if the insured dies during the limited term of the policy.

The main difference between term life and permanent insurance is that term insurance only pays death benefits to your beneficiaries, while permanent life insurance pays out death benefits and accumulates cash value which will continue to build up over the life of the policy.

The company promises to pay a death benefit to a beneficiary when the insured dies, as long as the insured meets the conditions of the contract.

When you purchase life insurance, you enter into a contract with a life insurance company that agrees to pay a death benefit to your beneficiary, which can be your spouse, children or anyone you choose.