Sentences with phrase «value of the death benefit»

Upon the policyholder's death, usually the insurer pays the face value of the death benefits for whole life insurance policies.

When I calculate the expected net present value of death benefits minus premiums for new cash value policies using an after - tax discount rate, the result is usually positive.

Upon the policyholder's death, usually the insurer pays the face value of the death benefits for whole life insurance policies.

The nominee also has an option to take the cash value of the death benefit at any point during the policy term.

If the insured dies at any point during the term, the full value of the death benefit will be given to the beneficiaries.

Nonetheless, it can absolutely be considered as an endorsement to a standard term life, as it doubles the face value of the death benefits paid out to your beneficiaries.

If there are any loans against the life policy, then these amounts will reduce the face value of the death benefit when the insured passes away.

This term plan helps to cover against risk from rising inflation costs that may affect the real value of the death benefits that the insured individual's family would receive.

The nominee has an option to take the cash value of the death benefit on or after the death of the life insured.

It measures the interest rate at which the net present value of the premium paid equals the net present value of the death benefit.

The full value of the death benefit is included in the estate.

In other words, your family can receive more that the face value of your death benefit.

In this example, the present value of the death benefit exceeded the present value of the premium payments — i.e., the sum total of each year's discounted cash inflows / outflows is positive — and so the policy is sellable.

Dividends, loans, withdrawals and other actions taken on behalf of cash value life insurance can affect the overall value of the death benefits.

After 20 years of making $ 9,925, each and every year, your guaranteed value value of death benefit will still be $ 1,000,000 and your cash surrender value will be $ 238,120.

Alternatively, the nominee can also avail the Cash Value of the death benefit before the end of the term in which case the benefit will be higher of 10 times the annual premium paid or 105 % of all premiums paid discounted @ 10 %

The nominee may avail the Cash value of the death benefit prior to the end of the term where the value will be higher of 10 times the annual premium of 105 % of all premiums paid discounted @ 10 %.

If the insured person passes away while the policy is in force, the policy's beneficiary receives the stated value of the death benefit.

If the decedent was the owner of insurance policies insuring his or her life, the full value of the death benefit is subject to estate tax.

From this we can see that the present value of the loss to the insurance company now if the person dies in t years, is equal to the present value of the death benefit minus the present value of the premiums.

The Cash Value of the Death Benefit is higher of 105 % of all premiums paid or 10 times of the annualized premium or present value of the guaranteed payouts.

If you already have a term life insurance AD&D this insurance policy can be added on top as a low - cost addition / endorsement / rider and pays out twice the face value of the death benefit to your beneficiaries.

Learn how the cost of your life insurance premiums can depend on your age, your health, the value of your death benefit and other factors.

The premiums you pay are fixed throughout the life of the contract, while the performance of your chosen subaccounts determines the growth of your account value, and can also determine the value of your death benefit.

Of course, it's important to remember that altering your premiums may decrease the value of the death benefit.

If this gentleman files a claim for 10 % of the value of his death benefit, he will receive a little less than $ 50,000.

Also, when you borrow from your accumulated cash value, it may jeopardize the value of your death benefit because the insurance company uses your death benefit as collateral on your policy loan.

It will also go against the value of the death benefit.

Learn how the cost of your life insurance premiums can depend on your age, your health, the value of your death benefit and other factors.

In some cases, there is a chance that you can outlive the value of the death benefit (pay more in premiums than what the death benefit pays out).

As the cash value savings starts to grow, it builds up against the value of the death benefit, effectively replacing it with the cash reserve amount.

- These policies are very similar, but they provide LTC benefits that go beyond the value of the death benefit after you use it up.

Withdrawals may reduce the value of the death benefit and any optional benefits.

If you really desire peace of mind you probably should opt for a term life insurance with double indemnity (a death insurance policy on top that pays out a multiple of the face value of the death benefits).

This provision is automatically included, does not require additional premiums and does not impact the value of the death benefit paid to the beneficiaries.

There's also an investment component to a permanent policy that you can cash out if you need immediate funds, though doing so reduces the value of the death benefit payment.

Absolute control means you'll have control of the cash as well as access to loans and you can change the beneficiaries in the insurance policy or decrease the value of the death benefit.

The premiums you pay are fixed throughout the life of the contract, while the performance of your chosen subaccounts determines the growth of your account value, and can also determine the value of your death benefit.

Of course, it's important to remember that altering your premiums may decrease the value of the death benefit.

This is usually structured as a decreasing term insurance policy, where the value of the death benefit of the policy generally corresponds with the remaining principal left on the mortgage.

When a claim is filed and a payout is processed, the insurance company will pay you the face value of your death benefit minus the outstanding balance of your loan.

Level term insurance is a type of life insurance in which coverage is provided for a specific period of time, over the course of which the value of the death benefit and the price of the premiums do not change.