Sentences with phrase «total death benefit to her beneficiary»

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

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

Not exact matches

Your beneficiary will also be asked if they want the death benefit as a check or to have it placed in a Total Control Account.

Another reason to pay back the policy loan is that the total outstanding balance would be deducted from the death benefit your beneficiaries received if you passed away.

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.

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.

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

A death benefit in the first year of about 3 percent of the total death benefit may not be enough to meet the immediate needs of your family or beneficiaries, so consider your true needs before choosing this option.

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.

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.

Another reason to pay back the policy loan is that the total outstanding balance would be deducted from the death benefit your beneficiaries received if you passed away.

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.

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.

If the insured dies because of natural causes, the insurer will not pay the full death benefit to the beneficiary but instead will pay the total of all premiums paid to the company plus an additional small percentage of that amount.

In the event of death of the life insured, the beneficiary is entitled to receive following benefit: For Gold Option: The higher of Sum Assured less partial withdrawals # or Fund Value is payable, subject to a minimum of 105 % of the total premiums paid, as on the date of death.

In the event of death of the life insured, the beneficiary is entitled to receive following benefit: For Gold Option: The higher of Sum Assured less partial withdrawals #, Policy Account Value, or 105 % of the total premiums paid, as on the date of death.

Scenario B - Death Benefit: In the event of his death during the policy term, the higher of Sum Assured (less Partial Withdrawals), Fund Value in your investment account, or 105 % of the total premiums paid till the date of death is payable to the beneficiary (nominee / legal hDeath Benefit: In the event of his death during the policy term, the higher of Sum Assured (less Partial Withdrawals), Fund Value in your investment account, or 105 % of the total premiums paid till the date of death is payable to the beneficiary (nominee / legal hdeath during the policy term, the higher of Sum Assured (less Partial Withdrawals), Fund Value in your investment account, or 105 % of the total premiums paid till the date of death is payable to the beneficiary (nominee / legal hdeath is payable to the beneficiary (nominee / legal heir).