Sentences with phrase «total death benefit payout»

If not, the company will SUBTRACT the loan amount from the total death benefit payout.

Flexibility to opt for the whole or part of the total death benefit payout as regular monthly income

Not exact matches

While it can put stress on a loved one to try to handle burial planning and the associated costs during an emotional time, they'll be able to keep whatever remains of the payout if the total costs are less than your death benefit.

The most common payout structure is 50 % of the death benefit per limb and 100 % for the loss of multiple limbs (with the maximum total payout being 100 %), but there are often differences by insurer.

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.

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.

While it can put stress on a loved one to try to handle burial planning and the associated costs during an emotional time, they'll be able to keep whatever remains of the payout if the total costs are less than your death benefit.

If he dies as a result of a car accident, his beneficiary would receive the $ 500,000 life insurance benefit plus the $ 1 million accidental death benefit for a total payout of $ 1.5 million.

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.

Death benefit guarantees that if the annuity holder dies before the payout begins, the beneficiary will be paid the full value or the total premiums paid, whichever is higher.

Should a policyholder pass away during that term, his beneficiary receives the total death benefit as a tax - free payout.

For instance if an insured has four children, the contract owner could name each child a 25 % primary beneficiary, meaning each child will receive 25 % of the total death benefit upon payout.

For example, if the main policy has a payout benefit of $ 250,000 with an AD&D rider for the same amount, the beneficiary receives a total of $ 500,000 for a qualified accidental death.

The death benefit under this payout option is higher of 10 times the annualized premium, 105 % of total premiums paid, or the basic sum assured.

Total Payout = 330 % of cover amount (Base Sum Assured) = Rs. 1.65 crores (Rs. 25 lakhs i.e. 50 % of cover amount + Rs. 50 lakhs i.e. 100 % of accidental death benefit) + Rs. 1.5 lakhs (3 % of Sum Assured) every month for the next 5 years.

If you die in a covered accident, Banner will pay your beneficiary an additional $ 250,000 death benefit, for a total payout of $ 500,000.

If you die in a covered accident, American General will pay your beneficiary an additional $ 250,000 death benefit, for a total payout of $ 500,000.

If you die in a covered accident, Transamerica will pay your beneficiary an additional $ 250,000 death benefit, for a total payout of $ 500,000.

If you die in a covered accident, Voya will pay your beneficiary an additional $ 250,000 death benefit, for a total payout of $ 500,000.

This plan provides a lumpum payout payable immediately on death, followed by regular payouts in the form of Family Income Benefit and the total Fund Value at the end of the Policy Term.

Total benefit paid = Rs. 2.05 crores (Rs. 1 crore paid immediately + Rs. 1.75 lakhs for 60 months) In case of an accidental death of Ramesh, Sheetal will get an additional payout of Rs. 50 Lakhs as lump sum.

o Death Benefit Income Option: This death payout option provides 1 % of the total sum assured to the family every month for a period of 130 moDeath Benefit Income Option: This death payout option provides 1 % of the total sum assured to the family every month for a period of 130 modeath payout option provides 1 % of the total sum assured to the family every month for a period of 130 months.

The total payout into the policy would be $ 10,000 — divided up with $ 5,000 going to cash value, and multiplying to a total death benefit of $ 325,000.