Sentences with phrase «under this rider reduce»

Benefit payments under this rider reduce the policy's death benefit.

Benefit payments under this rider reduce the policy's death benefit.

Not exact matches

We use the terms «income» and «lifetime income» to refer to any allowable withdrawals under the FlexChoice Access rider, as well as any lifetime income payments you would receive under the rider if your account value reduces to zero.

(Of course, when a claim is paid under this rider, the death benefit is reduced, and a processing fee is deducted.

When the insured passes away, the designated beneficiaries receive a reduced death benefit, the face value less the portion used under the accelerated death benefit rider.

Residual benefits: Under a residual benefits disability provision (either in the policy or available by rider), you'll receive partial benefits if your illness or injury has reduced your income but you're still able to work.

In case of accelerated benefit, the Sum Assured under the term plan gets reduced by the benefit paid under the rider.

Under this rider 25 % of the base sum insured will be paid be paid on diagnosis of any terminal illness and the base sum assured amount will be reduced by that amount.