Sentences with phrase «upon the death of the policyholder»

Instead, the full value of the voluntary term life insurance policy is paid to beneficiaries upon death of the policyholder.

It only pays benefits upon the death of the policyholder.

There is no investment component, only a benefit payable upon the death of the policyholder.

Variable life insurance provides permanent protection to the beneficiary upon the death of the policyholder.

Term life insurance, for example, provides a straight death benefit, payable upon the death of the policyholder.

Term insurance plan pays out the benefit to the nominee upon the death of the policyholder who in most cases is the breadwinner in the family.

One thing in common present in their policies is the opportunity that they afford the policyholders to either accumulate cash, and / or the provision for a death benefit that the family of the policy can receive upon death of the policyholder.

Total premiums paid compounded monthly at 1 % p.a. interest plus accrued guaranteed additions plus accrued bonuses till the death of death, OR 105 % of all premiums paid till the date of death Upon death of the policyholder, the nominee shall have the option to

Thus, these bonuses accrue during the premium paying period during the life of the policy but are paid when the policy matures or upon the death of the policyholder along with the additional final bonus.

If upon the death of both policyholders (Second - to - die) you leave a business or property to one adult child, you can use the insurance proceeds of the policy to distribute the death benefit cash to any other children.

• Provide cash to your estate executor / trustee to avoid selling off assets to pay estate taxes upon the death of the policyholders.

As well as providing cash to the beneficiaries upon the death of the policyholder, the two components can also pass onto them.

A contract between and individual and an insurer, a life insurance policy provides an assured sum of money to a designated nominee upon the death of the policyholder, which is in exchange for a premium.

A beneficiary is a person or entity entitles to receive claim amount and other benefits upon the death of the policyholder.

Upon the death of the policyholder, the insurance company pays the full death benefit of $ 25,000.

Life insurance provides no direct benefit to the policyholder, since it is only paid out upon the death of the policyholder.

Upon death of a policyholder, insurance payout is made to the nominee.

Death Benefit: Upon the death of the policyholder, the beneficiary (child) will obtain the sum assured with added death benefits and the life insurer will waive off all the future premiums and pay on behalf of the policyholder.

The nominee receives sum assured plus bonus (if any) upon death of the policyholder.

Upon the death of the policyholder, the beneficiaries will receive not only death benefits but also the investment returns.

Death Benefit: Upon the death of the policyholder, this benefit is provided.

When you think of life insurance, you think of a death benefit being paid to a beneficiary upon the death of a policyholder.

Term life insurance pays out a lump sum of cash («death benefit») to the beneficiary upon the death of the policyholder.

Upon the death of the policyholder, a lump sum amount is given apart from money back.

This plan also offers guaranteed benefits on vesting and upon death of the policyholder.

Apart from breaking the sum assured into periodic payments for a beneficiary upon the death of the policyholder, IDBI Federal Life Insurance Co. Ltd's iSurance Flexi Term Insurance Plan also offers to pay a portion of the sum assured upon contracting a terminal illness.