Sentences with phrase «to receive the full death benefit»

Just keep in mind that these policies come with a waiting period, or graded benefit, meaning your beneficiaries won't receive the full death benefit if you die soon after purchasing.

Just keep in mind that these policies come with a waiting period, or graded benefit, meaning your beneficiaries won't receive the full death benefit if you die soon after purchasing.

If the insured were to die after the 2 year graded benefit period, more than 2 years after buying the policy, the beneficiary receives the full death benefit of $ 20,000.

After two years have passed since buying the final expense policy, your beneficiaries will receive the full death benefit amount no matter what causes your death.

If the insured never needs long - term care, the beneficiaries receive the full death benefit as they would with any typical life insurance policy.

The new owner takes over premium payments and receives the full death benefit when the insured dies.

If the insured never needs long - term care, the beneficiaries receive the full death benefit as they would with any typical life insurance policy.

However, if the insured passes away from a health related issue during the first two years of their policy, their beneficiary will not receive the full death benefit from their policy.

After two years, his beneficiaries will receive the full death benefit regardless of how he dies.

However, it is possible to receive your full death benefit during the waiting period.

However, if you die passed the two year mark, your beneficiaries will receive a full death benefit payout.

If you die because of an accident within two years of buying a final expense policy, your beneficiaries will receive the full death benefit amount.

[2] The third party becomes the new owner of the policy, pays the premiums, and receives the full death benefit when the insured dies.

Just keep in mind that these policies come with a waiting period, or graded benefit, meaning your beneficiaries won't receive the full death benefit if you die soon after purchasing.

This means that the beneficiary will not receive the full death benefit if you were to pass within the first two years.

After two years, his beneficiaries will receive the full death benefit regardless of how he dies.

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.

Most GI policies have at least a 2 - year waiting period before the beneficiary can receive the full death benefit as a result of a death due to a medical condition.

In addition to the higher premiums, one of the main drawbacks to a guaranteed issue life insurance is that your beneficiaries wouldn't receive a full death benefit until your policy has been in force for a specific length of time (typically between one or two years, depending on the life insurance company).

Therefore, even if you outlive the insurance, you will still receive the full death benefit upon your passing.

For those who don't know (anyone reading this site is probably pretty knowledgeable on the subject), you can borrow from your policy without touching your credit, earn dividends if it's a participating policy, pay it off in full early, and even receive the full death benefit while still alive if you make it past age 100.

For the beneficiaries to receive the full death benefits stated in the policy, the insured must live past the graded benefit period.

You will automatically qualify for the policy, but it is the most expensive type available, there is usually a limit to the benefits placed on the policy, and your beneficiaries will not receive the full death benefits for a preselected period of time after it is put into effect.

What we mean by this is that it's always better to have an insurance policy with a 100 % guarantee that your loved ones will receive the full death benefit right away upon your passing.

Upon the viator's death, the third party who purchased the policy receives the full death benefit.

Hello Mr. Clark, With the vast majority of life insurance policies, if something happens to you, your spouse will receive the full death benefit from your policy.

If you purchase a long - term care hybrid policy and never actually need long - term care, most life insurance companies have set it up so that the money you've paid in for the rider will ultimately be rerouted to your regular life insurance coverage, and your beneficiaries will receive the full death benefit amount.

In addition to the higher premiums, one of the main drawbacks to a guaranteed issue life insurance is that your beneficiaries wouldn't receive a full death benefit until your policy has been in force for a specific length of time (typically between one or two years, depending on the life insurance company).

The third party becomes the new owner of the policy, pays the premiums, and receives the full death benefit when the insured dies.

The chances are that you are going to outlive the 2 year period which will result in your beneficiaries receiving the full death benefit.

These policies generally have a waiting period (usually around 2 — 3 years) where your beneficiaries will only receive the premiums you paid during this waiting period (some companies include interest) if you die prematurely before the completion of the waiting period, and will only qualify to receive the full death benefits if you die after the waiting period or have an accidental death.

There is a simple condition you must fulfill to receive the full death benefit of LIC Jeevan Lakshya Insurance plan.

This means if you die within the first year or two of the policy (for example), you won't receive the full death benefit.

In addition, if you pass away during the first 2 years of coverage due to a non-accident, your beneficiary won't receive the full death benefit.

Once the policy has matured, your family will receive the full death benefit.

The policies may also be «graded», which means there is typically a 1 or 2 year waiting period before the beneficiary can receive the full death benefit.

In addition, if you pass away during the first 2 years of coverage due to a non-accident, your beneficiary won't receive the full death benefit.

In order to receive full death benefits, the insured must hold the policy for at least three years.

If you die within the first two years after policy was issued, your death benefit will be limited to your amount of premiums plus 12 % per year, unless you die accidently in the first 2 years you will receive the full death benefit.

As long as you keep paying your premiums, your beneficiaries will remain covered and receive the full death benefit.

As soon as the insured dies, the named beneficiaries can receive the full death benefit.

If you never use the LTC rider, your life insurance beneficiaries will receive your full death benefit.

If the insured person dies will the coverage is «in force», which is during the covered length of the term, the beneficiaries will receive a full death benefit.

There is a 2 - year waiting period to receive the full death benefit, and cost is determined by age when applying, so we highly recommend buying a policy asap to get the clock running.

In simpler terms, you may have to decide if you would like to receive the full death benefit all at once or space it out over a number of years.

If you've paid your premiums on schedule, your beneficiary will receive the full death benefit amount you chose.

This means if you die within the first year or two of the policy (for example), you won't receive the full death benefit.

If you die during the «term» of your policy, your «beneficiaries» (people you choose) will receive the full death benefit from your life insurance policy tax free.

So, the pig would bail them out and take over ownership of the policy and keep it in force until the insured's death, netting a 100 % profit when they received the full death benefit.

Although there is a two year waiting period for beneficiaries to receive the full death benefit and the cost of these policies are high, their premiums are guaranteed for life.