Sentences with phrase «total death benefit of the policy»

Just keep in mind that there are limits to how much money you can contribute per year, based on the total death benefit of the policy.

An «Endowment at 65» policy means that the total death benefit of the policy (minus any loans and interest) will be paid to the owner of the policy when the insured turns 65.

Not exact matches

Of course, the policy's cash value changes over time and is lower than the total sum of the death benefit it provideOf course, the policy's cash value changes over time and is lower than the total sum of the death benefit it provideof the death benefit it provides.

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.

3) Bharti AXA Life Premium Waiver Rider (UIN: 130B005V03): Under this rider in case of the unfortunate event of death, Total Permanent Disability or critical illness (in case of Policyholder) and Critical Illness (in case of Life Insured) the future premiums are waived off and the benefits under the policy will continue.

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.

On top of the death benefit amount, this option allows any amount left in the policy fund to accumulate cash value and the total to be paid tax - free to the beneficiary.

i am 35 year old with a family of three, me, spouse and baby Policy term; 30 year life cover: 1,00, oo, 000 accidental death benefit: 63,00,000, Critical illness benefit 10,00,000 Total premium for this plan is 18,332.

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

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.

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.

2 The adjusted total premium is the initial single premium plus any underwritten increases, less any partial surrenders and any applicable surrender charges in excess of policy gain and any loans and accrued loan interest, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value.

In addition, should the policy holder pass away while there is still an unpaid loan balance, this amount will be deducted from the total amount of death benefit proceeds that are received by the policy's beneficiary.

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.

Under the second variant, a death benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your Benefit at the conclusion of the Term of your 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.

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.

In this example, the present value of the death benefit exceeded the present value of the premium payments — i.e., the sum total of each year's discounted cash inflows / outflows is positive — and so the policy is sellable.

If you own a typical permanent life insurance policy (lifetime coverage) and did a straight present value calculation of the premiums you can expect to pay during your lifetime, the total will be less than the death benefit.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Aviva New Group Leave Encashment Plan and TATA AIA Group Total Suraksha.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Aegon Life Group Term Plan and TATA AIA Group Total Suraksha.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Future Generali Bima Gain and Edelweiss Tokio Life Total Secure Plus.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Edelweiss Tokio Life Total Secure Plus and SBI Life Retire Smart.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for TATA AIA Group Total Suraksha and DHFL Pramerica Group Credit Life Plus.

The benefit that can be received will be the lesser of $ 300,000 or 50 % of the policy's total death benefit.

The death benefit is referred to as the total amount of sum assured together with the bonus (if any) is paid to the beneficiary of the policy in case of any eventuality or uncertain demise of the policyholder.

This cash can be used to purchase additional life insurance (paid - up additions) that increases both the total death benefit and cash value of your life insurance policy.

Provides the benefit of waiver of all future premiums payable under the base Life Insurance Policy on the earlier occurrence of Untimely Death, Accidental Permanent Total Disability or Critical Illness.

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

Death Benefit: In case of the demise of the insured person the beneficiary of policy LC Jeevan Anand is payable of total sum assured amount along with the simple reversionary bonus and the tenure of the policy continues to be inforce.

Death benefit is paid as the total sum assured amount to the nominee of the policy in case of uncertain demise of the insured person of the policy.

Death Benefit - In case of unfortunate death of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till deDeath Benefit - In case of unfortunate death of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till Benefit - In case of unfortunate death of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till dedeath of the policyholder during the tenure of the policy, the beneficiary of the policy receives the death benefit as the sum assured amount, which is 105 % of the total premium paid till dedeath benefit as the sum assured amount, which is 105 % of the total premium paid till benefit as the sum assured amount, which is 105 % of the total premium paid till demise.

If the insured person dies during the tenure of the policy, then the death benefit is paid to the nominee of the policy i.e. the child as the sum assured amount, which is 105 % of the total premium paid till demise.

For a $ 250,000 policy for a 40 year old male, an Accidental Death Benefit rider for an additional $ 250,000 of coverage in case of accident (for a total of $ 500,000) would cost between $ 150 - $ 250 depending on which life insurance company you choose.

If a non-accidental death occurs prior to that two - year time frame, the policy will only pay a percentage of the total death benefit.

If a non-accidental death occurs prior to that two - year time frame, the policy will only pay a return of the paid premiums plus a percentage of the total death benefit.

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.

If a non-accidental death occurs prior to that two - year time frame, the policy will only pay a return of the paid premiums plus a small percentage of the total death benefit.

This policy also has long - term care rider, which allows you to accelerate your death benefit and receive up to 2 % of your total face value per month to pay for qualified long - term care expenses such as in - home care, adult daycare, or care in a long - term care facility.

Your total net death benefit will now equal the larger of the total specified amount less any indebtedness, the policy value multiplied by the appropriate attained age Guideline Premium Test corridor factor less any indebtedness, and $ 5,000.

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.

This means that even after the insured has passed away, the total amount of premium that he or she paid into the policy over time — combined with such funds» invested return — will be more than what the insurer will pay out in the form of a death benefit on the policy, resulting in a profit to the insurance company.

- In these policies, the LTC benefits are taken directly from the death benefit and do not exceed the total amount of the death benefit.

The guy who has been investing $ 211 per month (a total of $ 25,320 for 10 years and earning 6 - 8 % per annum) or the guy who shelled out $ 30,000 for a Whole life policy where most of the money went to commissions, fees and death benefits.

Whether or not it's legal for a guaranteed issue life insurance policy to charge total premiums in excess of the death benefit would ultimately depend on which state you live in seeing as how insurance is regulated at the state level.

For example, if the plan has graded death benefits, then it may pay out only a certain percentage of the total if the insured passes away within the first few years of policy ownership.

Optional policy riders at a small cost include; Accidental Death Benefit, Accelerated Living Benefit Rider, Children's Insurance Agreement Rider, Total Disability Benefit Rider, Waiver of Premium Rider, and Waiver of Premium for Unemployment Rider.

It is important to note here, though, that even though a life insurance policy loan is not required to be repaid, if the insured dies while there is still a balance outstanding, the amount of this balance — plus interest — will be subtracted from the total amount of death benefit proceeds that are paid out to the beneficiary.

Which means that once you've purchased your family the right life insurance policy you should feel free to enjoy a life «guilt free», knowing that in the event of your death, your insurance death benefit will be there, «income tax and death tax free» (at the Federal level if your total estate is under $ 5,340,000; some states do include a death tax) unencumbered of any any other bills or financial obligations!

He suggested me to buy a PA policy of Rs. 10 Lacs to begin with which covers Accidental death (100 % of SA), Permanent Total Disablement (100 % of SA), Permanent Partial Disablement (certain % of SA depending on severity of injury and resultant disablement) and Fractures (upto Rs. 50,000 / --RRB- for a premium of Rs. 1850 / - He also suggested that I can opt for Add on benefits of hospitalization (upto Rs. 1 Lakh) and daily cash allowance (Rs. 500 / - per day for max 5 days) by paying another 1,100 / - thus totaling to Rs. 2,950 / -