Sentences with phrase «total death benefit»

The percentage of total death benefit that may be eligible to be advanced under this benefit varies by insurance company.

Further, total death benefit coverage falls short with women as well, as life insurance policies for women have 22 % lower death benefits than men.

In reality, though, these policies will have a lower total death benefit, which is something to keep in mind.

The yearly total death benefit including the projected additional paid - up life insurance purchased through the projected dividends.

Further, total death benefit coverage falls short with women as well, as life insurance policies for women have 22 % lower death benefits than men.

Option II - 50 % of total Death Benefit amount is paid immediately on death and the balance amount is paid annually in equal installments over the period of next 10 years starting from the date of death.

c. Death Benefit (death due to Accident)-- No waiting period is applicable: This is an in - built cover under this Plan where In case of Accidental death of the Life Insured during the Policy term, total Death Benefit payable will be equal to two times of the Sum Assured on Death (as defined above) provided such death was caused directly by such Accident and independently of any physical or mental illness within one hundred twenty (120) days of the date of Accident.

Instead, an evaluation of total death benefit needed, time frame of coverage, and willingness to take on risk within the cash value account are necessary to determine which type of coverage is best - suited for an individual's specific needs.

In other words, the 50 - year - old male who purchased his $ 100,000 policy for $ 1248 could double the amount of coverage to $ 200,000 total death benefit for just $ 1351 per year and the full $ 200,000 would pay out in the event that he were to die from an accidental death.

† Loans accrue interest and reduce the total cash value and total death benefit by the amount of the outstanding loan and accrued loan interest.

Total lump sum benefit of Rs. 1,79,550 @ 8 % or Rs. 1,27,417 @ 4 % His family receives total Death Benefit of Rs. 85,745 (Base Sum Assured) plus Rs. 85,745 (AL ADDD Sum Assured) plus Rs. 46,500 (Bonus @ 8 %) or Rs. 18,675 (Bonus @ 4 %).

However, in terms of total death benefit realised, this period has improved compared with the previous period; US$ 10.5 m this period versus US$ 7.6 m in the previous six months.

You can purchase additional term insurance for a one - year period to supplement your Flagship Whole Life total death benefit.

In addition to the potential for higher earnings on cash value balances, policyholders of universal life contracts have flexibility in terms of the level of total death benefit, premium amounts paid and payment frequency.

If your diabetes isn't controlled, you may have to look at a guaranteed issue life insurance policy which often comes with much higher premiums for your coverage with a lower total death benefit.

If you have already accumulated assets, you can subtract the amount of those assets from your total death benefit need, assuming they are somewhat liquid and wouldn't require a large amount of effort or loss in order to gain access to cash.

At this point, the carrier will give you a lump sum payment equal to your total death benefit and end your policy.

The maturity clause of a life insurance policy is fairly complicated, but this basically means that the value you would be able to keep by surrendering the policy becomes larger than the total death benefit.

With a family income policy, rather than a lump sum of money, the death benefit is paid out in monthly increments as a portion of the total death benefit.

However, the even in this scenario, the total death benefit is paid income tax free.

This would offer a total death benefit to her beneficiary of $ 11,437 when she passed (7 multiplied by $ 1,621).

You can request up to 24 % of the total death benefit, up to $ 240,000 a year.

You can access a maximum benefit amount which equals the lesser of 90 % of the total death benefit or the policy face amount less $ 25,000.

The maximum benefit amount available equals the lesser of 90 % of the total death benefit or the policy face amount less $ 25,000.

At this point, the carrier will give you a lump sum payment equal to your total death benefit and end your policy.

The maturity clause of a life insurance policy is fairly complicated, but this basically means that the value you would be able to keep by surrendering the policy becomes larger than the total death benefit.

Trish could use those dividends to purchase additional insurance to enhance her total death benefit.

In contrast, a life agent selling a $ 1,000,000 death benefit may make only 1 % of the total commission vs the total death benefit over the life of the policy.

Should you be diagnosed with a terminal illness with less than 12 months to live, the Living Benefit makes available to you a percentage of the total death benefit under your life insurance plan.

On a whole life insurance illustration, there is also a total death benefit guaranteed and total death benefit non-guaranteed shown.

The total death benefit non-guaranteed is the illustrated amount that includes the sum of the guaranteed base policy death benefit, paid - up additions riders, plus the death benefit growth resulting from the illustrated dividend option and dividend scale.

An accelerated death benefit pays out a percentage of your total death benefit.

The total will depend on your individual insurer and policy; it's 50 % with Nationwide, for example, but can be as high as 80 % of the total death benefit with other carriers.

Many factors figure into the total death benefit that you would like to have.

Accessing the cash value of a policy will reduce the total cash value and total death benefit.

Instead the insured may want to have the money now, even though it is an amount much lower than the total death benefit.

Allows policyholders to access a portion of the total death benefit if the suffer a chronic illness and need the money to cover the costs of treatment.

Unpaid policy loans and accrued interest count against your total death benefit or surrender value at the time of claim or termination of the policy.

Policies are grouped by 6 month LE bands and the table shows the number of lives and the total death benefit in each group.

However, if a beneficiary elects to go with an installment plan for the life insurance payout, the total death benefit will accrue interest over the years.

19 lives (25 % of total lives) account for 58 % of the total death benefit and 59 % of the reported valuation.

Although the largest policy in the portfolio (by face value) matured during the period, a large proportion of the total death benefit remains linked to a relatively small proportion of lives.

During the six month period from 1 July 2014 to 31 December 2014 there were three policy maturities with a total death benefit of US$ 10.5 m.

Where a life insured represents more than one policy in the portfolio, the life is categorised according to the total death benefit relating to that life:

The total death benefits that must be paid depend on the number of dependents requesting assistance.

Should you be diagnosed with a terminal illness with less than 12 months to live, the Living Benefit makes available to you a percentage of the total death benefit under your life insurance plan.

The amount advanced is capped and will be deducted from your total death benefit.

Otherwise, you have to either pay a set fee or percentage of the total death benefit to purchase the an accelerated death benefit rider.

Essentially, once the insured passes away, the insurance company will pay out the total death benefit tax free to the beneficiary (s).