Sentences with phrase «valid diagnosis of a critical illness»

With this rider, you will receive lump - sum amount on a valid diagnosis of a critical illness (Only if specified in the policy).

With this rider, the policyholder receives a lump sum on valid diagnosis of a critical illness pre-specified in the policy.

Not exact matches

Terminal illness riders and critical illness riders on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.

on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.These riders» critical / terminal illness payout is tax - exempt, and beneficiaries also receive the left over face value, untaxed, upon the policyholder's passing.

The contract terms contain specific rules that define when a diagnosis of a critical illness is considered valid.