Sentences with phrase «type of death benefit»

Under a joint life plan, you get a discount varying between 5 % and 20 % (depending on the insurer and type of death benefit i.e. dual death or first death).

Whichever type of death benefit option you choose it will affect the cost of your premiums, so it is a good idea to get quotes for both kinds.

Additionally, policyholders are able to decide the type of death benefit that will be paid to the beneficiary.

A family income rider is a type of death benefit, and it specifies the term for the additional coverage.

For example you may choose two different types of death benefits in a UL policy.

Permanent insurance offers the same type of death benefits as term insurance but it comes with the additional advantage of providing you with a cash value accumulation feature which is based on interest or depends on how well the market performs.

Two types of death benefit options to choose from namely Recurring Payout and Immediate Payout

For example you may choose two different types of death benefits in a UL policy.

Offers 2 types of death benefits.

The policy usually gives you an option to select one or two types of death benefits.

There are two types of death benefits available — one in which the highest of the fund value or the sum assured or 105 % of total premiums paid is offered as the death benefit.

Ultimately, there are normally two types of death benefit that one must choose between and it can impact those that currently have health issues.

Not exact matches

«The type of hidden fees annuity investors should pay attention to are separate account [investment funds] expense ratios; back - end sales charges; annual administration fees; mortality and expense costs; any rider fees, such as guaranteed income rider, death benefit riders [and] principal protection riders, to name a few,» says financial planner Joseph Carbone of Focus Planning Group.

However, permanent life insurance solutions that focus on providing lifetime guaranteed death benefits, such as these, are typically less expensive than other types of permanent life insurance that emphasize savings opportunities.

Universal life insurance is a flexible type of permanent life insurance policy in which the death benefit and premiums can be adjusted as your circumstances change.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

That's because breast milk — custom - made nourishment specially formulated by Mother Nature — offers so many benefits: It boosts your baby's immune system, promotes brain development, and may reduce your child's risk of Sudden Infant Death Syndrome (SIDS) as well as diabetes, some types of cancer, obesity, high cholesterol, and asthma later in life.

This is the first study to link fruit and vegetable consumption with all - cause, cancer and heart disease deaths in a nationally - representative population, the first to quantify health benefits per - portion, and the first to identify the types of fruit and vegetable with the most benefit.

But connecting tax increases to smoking reductions and to fewer infant deaths brings in an entirely new type of benefit.»

Of course, this is the type of fact - based film that probably would have benefited from taking more dramatic license with the material, because some of the sensational events that occur (including one character's supposed death) are presented so matter - of - factly that it sucks the fun out of the moviOf course, this is the type of fact - based film that probably would have benefited from taking more dramatic license with the material, because some of the sensational events that occur (including one character's supposed death) are presented so matter - of - factly that it sucks the fun out of the moviof fact - based film that probably would have benefited from taking more dramatic license with the material, because some of the sensational events that occur (including one character's supposed death) are presented so matter - of - factly that it sucks the fun out of the moviof the sensational events that occur (including one character's supposed death) are presented so matter - of - factly that it sucks the fun out of the moviof - factly that it sucks the fun out of the moviof the movie.

The property settlement agreement should specify the policy death benefit amount, the type of life insurance policy, what the policy is intended to secure, and who make the premium payments.

Whole Life Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawals.

This type of policy builds cash value and has level premiums, but the death benefits are limited to between $ 5,000 and $ 25,000.

Final expense insurance is a type of life insurance that is designed to cover funeral costs and other end - of - life expenses, though the death benefit technically can be used for any purpose.

Term life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the policy.

While death benefits are often designated for funeral expenses and income replacement, life insurance is a very flexible type of coverage that can be used in numerous ways.

Investment - grade is the type of life insurance that is optimized for death benefit performance, in contrast to high cash value life insurance.

Simply put, second to die or survivorship life insurance differs from all the other types of life insurance because it insures the lives of two people AND only pays a death benefit upon the death of the last survivor.

It is also important to remember that other types of non-variable annuities may or may not include a death benefit.

Single - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of your life.

This type of policy has a number of benefits as a life insurance solution, and can be used as a savings and investment tool in addition to providing death benefits to your beneficiaries.

If you are considering permanent life insurance — such as whole life, universal life, or variable life insurance — you probably know that these types of policies provide both death benefits and cash value accumulation.

Depending upon the type and the amount of the policy, a beneficiary will typically have several choices regarding how the death benefit from the policy will be paid — all at once, or over time from an annuity.

Cash value life insurance refers to a type of life insurance that, in addition to paying out a death benefit to your beneficiary or beneficiaries upon your death, accumulates cash value inside the policy while you are alive, that you can use for whatever you please.

This type of permanent life insurance policy offers death benefit coverage with the potential to accumulate cash value.

When purchasing life insurance coverage, it is important to determine what type of policy — as well as how much in death benefit (face amount)-- will be right for you and your survivors.

A type of policy that does not expire during the life of the insured and combines a death benefit with a savings portion that can build cash value.

The two types of permanent life insurance with an increasing death benefit are participating whole life insurance and universal life (UL) insurance.

With both of these types of insurance, premiums, interest rates and even your death benefits can be subject to the whims of the markets.

With both types of insurance, you can adjust your premium and your death benefit.

What may be sufficient to cover the tax liability today may not be enough down the road, which is why a specific type of permanent life insurance with an increasing death benefit is necessary.

This type of universal life insurance focuses LESS than other types of permanent life insurance on cash value accumulation and MORE on securing a permanent death benefit.

Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum death benefit.

Depending on the type of permanent life insurance, you can change your premium payment and death benefit.

In reality, most people who are seriously considering a guaranteed universal life policy for securing a permanent death benefit should probably forget about the other types of universal life insurance and focus on a comparison with traditional whole life insurance.

Just like the guaranteed death benefit, the living benefit rider causes the variable annuity to morph into a different type of investment or what is commonly referred to as an immediate annuity.

Whole Life Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benefit.

For that type of a funeral, a policy with a death benefit approaching $ 25,000 would be completely necessary.

The former pays a benefit for any type of death while the later pays out in the instance of an accidental death.

This type of life insurance is cheaper than conventional coverage and may be preferred if the surviving spouse does NOT need the life insurance death benefit proceeds.