Sentences with phrase «until the death benefit»

You can continue to receive benefits until the death benefit reaches $ 0, you request the benefits stop, or you are not re-certified annually as chronically ill.

Once in place, it will remain in place (assuming that all premiums are paid) until the death benefit reaches the beneficiary at death.

Accelerated Access Solution: if the insured suffers from a qualifying chronic illness, this life insurance rider will provide monthly payments until the death benefit has been exhausted.

Once the policy has enough cash to provide for the cost of insurance, you can stop paying premiums and the policy will remain in force until the death benefit is needed.

However, if you lowered your SGLI death benefit and want additional coverage, you can increase the size of your VGLI policy by $ 25,000 every 5 years (until the death benefit reaches $ 400,000 or you turn 60, whichever happens first).

Not exact matches

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

However, if you wait until your FRA, the benefit will be worth 100 percent of the benefit your spouse was receiving or was eligible to receive at his death.

In this case, you would probably want to consider a guaranteed universal policy, since it provides a death benefit until 121 years of age (or whatever age you choose).

The Employee Benefit Research Institute (EBRI) undertook a study examining the extent to which the non-housing assets of certain retirees changed during their first 20 years of retirement (or until death, if earlier).

If you delay your claim until your full retirement age — which ranges from 66 to 67 depending on when you were born — or even longer, until you are age 70, your monthly benefit will grow and, in turn, so will your surviving spouse's benefit after your death.

Researchers found that 37 weeks seems to be the sweet spot for twins with two placentas (the most common twin pregnancy); the risk of newborn death (defined as death up to four weeks after delivery) and stillbirth was roughly even until 37 weeks, which is when the risks of pregnancy start to outweigh the benefits and a mother should consider delivering.

«In the age of hookups, friends with benefits and online dating, and as human life expectancy grows, is it still reasonable to expect people to pair up and stay monogamous until death do them part?»

Once an employee reaches retirement age, pension benefits are disbursed as an annuity, a fixed benefit that a worker receives every year starting at retirement until death.

Not that long ago, both groups were likely to have access to defined benefit pension plans that guaranteed monthly payments until death.

If the beneficiary is a minor, another option is an «interest income» payout, which makes guaranteed payments toward the interest on the death benefit for a specified time — for example, until the minor comes of age — at which point the benefit amount becomes available to that beneficiary.

If you do designate your child as your beneficiary, when the insurer pays out, the death benefit will go to a trust overseen by a court - appointed guardian, who will hold onto the money until the child reaches the «age of majority.»

Death benefit riders typically offer a guaranteed annual yield that contractually grows for a specific period or until your passing.

For example, a common death benefit grows and compounds annually by 5 % until age 85.

This Non guaranteed benefit (as percentage of Sum Assured on Maturity) is paid out as a cash bonus every year starting from the 6th Policy year, until maturity or death, whichever is earlier.

Virtually all variable universal life policies I have reviewed have these characteristics: a.) illustrated (represented based on hypothetical assumptions) to have level death benefits from the day purchased until death; b.) invested in risky sub-accounts [primarily stocks]; and c.) a premium that the client believes is his or her «policy's premium.»

In this case, you would probably want to consider a guaranteed universal policy, since it provides a death benefit until 121 years of age (or whatever age you choose).

Non-guaranteed benefit (as percentage of Sum Assured on Maturity) is paid out as a cash bonus every year starting from the end of the 6thPolicy year, until Maturity or death, whichever is earlier.

It can be bought at a net - zero cost, minimum - funded, over-funded, gifted, financed, 1035 exchanged, collateralized, generation skipped, and held until death, when the heirs can collect the insurance benefit without sky - high income and estate taxes.»

Sagicor's guaranteed universal life insurance policy is somewhat similar to a term life insurance policy that lasts until you turn 120, making it a great choice if you just want a permanent death benefit.

Premiums are based on $ 1,000,000 death benefit and payable until age 75.

At age 66, the death benefit decreases by 10 % every year until coverage is terminated at age 75.

With term life insurance the benefits do not come into play until death.

You'll still have the same life insurance policy you bought - nothing will change about the term or death benefit - but your premiums will be waived until your disability ends.

When there are multiple beneficiaries, life insurance companies will generally wait until all paperwork has been received before they issue death benefit payouts.

Regarding your next question, as an example, if there are two beneficiaries, each designated to receive 50 % of the death benefit, and one beneficiary has not yet filed, the life insurance company will sit on that beneficiary's portion until the rightful beneficiary comes forward and to claim the benefit.

For example, if you own a $ 500,000 life insurance policy and your parents co-signed on a mortgage loan worth $ 250,000, you can designate 50 % of the death benefit to your parents until the loan is paid off.

These policies offer much lower premiums as the death benefit is paid out on the passing of the second spouse (i.e. if you die, the death benefit is held until your spouse also dies).

A Single Premium policy is the one in which the premium amount is paid in lump sum at the beginning of the policy as a return for the death benefit which is guaranteed to be paid up until the death of the policyholder.

One common way to determine how much you need is to multiply the policy holder's income by 15 and purchase a policy with an equivalent death benefit for a term that lasts until the person would likely retire.

A Life Insurance with Single - premium benefits is a type in which the premium is paid in lump sum to the policy to which in return death benefits are promised to be paid until the policyholder die.

However, loans lower your death benefit until repaid.

The insurance part of the death benefit shrinks over time as the cash value grows, until eventually the cash value makes up all of the money the insurance policy will pay out.

Continuing under the assumption that you have a defined benefit pension plan that will pay you $ 50,000 per year until you pass away I would say that your pension plan is more similar to a life annuity rather than a GIC since a GIC comes to term whereas an annuity pays until death, but if you are trying to put a value on the holding of your pension plan I would say that yes, it is fair to count it as a million dollar GIC at 5 %.

This continues until policy maturity at age 121, when the cash value and death benefit are the same.

If the owner is age 70 or older on the election date, the roll - up Death Benefits Component compounds at 1 % less until the contract anniversary immediately preceding the owner's 81st birthday.

This type of life insurance policy allows those with disposable cash to pay a lump sum into a life policy for a death benefit that will be paid up until the insured dies.

A lump sum of money is paid into the policy in return for a death benefit that is guaranteed until you die.

Some insurance companies allow the insured / owner to delay receipt of the matured death benefit until their passing to avoid any taxable gain.

I do acknowledge the RRIF would provide a bigger death benefit, at least until the RRIF assets run out, but most retirees should be looking for what gives them the best deal during their lifetime, not what happens after death.

The policyowner can name one person as a beneficiary, like a spouse or child, or multiple people, with the death benefit split into percentages until 100 % of the death benefit is accounted for.

If a couple sets up the trust jointly, the insurance policy purchased within the ILIT is usually a «survivorship» or second - to - die policy, so the death benefit won't be paid until the surviving spouse passes away.

The same is true for whole life insurance in that you pay premiums to support a death benefit until suddenly you have an asset, the cash value account.

Gradually, the cash - value component replaces the death benefit until only the cash value remains.

This often involves a calculation with figures such as the annual income, number of years until retirement and inflation to reach a conclusion on how much death benefit is required.

In addition to the higher premiums, one of the main drawbacks to a guaranteed issue life insurance is that your beneficiaries wouldn't receive a full death benefit until your policy has been in force for a specific length of time (typically between one or two years, depending on the life insurance company).