Sentences with phrase «value of the death benefit on»

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

Not exact matches

The value and cost of these policies depend on several factors: how the buyer chooses to pay premiums, how the market plays out and how the insurer calculates the death benefit.

The standard death benefit is equal to the contract value on the date of the claim and does not include any additional guarantees.

The standard death benefit is equal to contract value on the date of the claim and does not include any additional guarantees.

Unless the value that you withdraw is paid back to the insurance carrier before your death, the balance of your loan will be deducted from the death benefit, and the carrier will need you to repay the interest on the loan as well.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

In a nutshell, while most whole life insurance is fixated on maximizing the death benefit of a policy and just allowing cash values to grow over time, strategic self banking focuses on maximizing life insurance cash values, so the whole life insurance plan can be used strategically as a savings and personal financing vehicle for the purpose of recapturing your cost of capital incurred when having to deal with third party lenders or using your own cash.

Naturally, a policy buyer would prefer the insured to be elderly, in poor health, with a policy that has low cash value and a high death benefit, because all of these factors might increase the buyer's yield - to - maturity on the policy when you die.

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.

* Cash values and death benefits can rise and fall based on the performance of your investment choices.

A PerspectiveSM variable annuity includes a standard death benefit equal to the contract value on the date of the claim and does not include any additional guarantees.

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

On top of the death benefit amount, this option allows any amount left in the policy fund to accumulate cash value and the total to be paid tax - free to the beneficiary.

However, VL is also the riskiest, as both the death benefit amount and cash value rise and fall depending on the performance of those investments.

When you make premium payments on a cash - value life insurance policy, one portion of the payment is allotted to the policy's death benefit (based on your age, health and other underwriting factors).

The inner - workings of cash value life insurance consists of a life insurance policy, which is a contract between the policy owner, the insured (often the same person), and the insurer, where the insurer agrees to pay a death benefit to the policy's beneficiary, based on the owner continuing to make the policy's premium payments.

This type of universal life insurance focuses LESS than other types of permanent life insurance on cash value accumulation and MORE on securing a permanent death benefit.

Additional cash value and death benefit growth is possible through the use of dividends paid on participating whole life policies.

If you're thinking of buying a cash value life insurance policy, ask your agent or company for a sales illustration, which is a computer projection of future premiums, cash values and death benefits based on the current dividend scale (whole life) or current interest rates and current costs of insurance (universal life).

If a policy of insurance has been or shall be effected by any person on his own life or upon the life of another person, the policyowner shall be entitled to any accelerated payments of the death benefit or accelerated payment of a special surrender value permitted under such policy as against the creditors, personal representatives, trustees in bankruptcy and receivers in state and federal courts of the policyowner.

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 %.

With whole life, the amount of the death benefit is guaranteed, and the cash value that is within the policy is allowed to grow on a tax - deferred basis.

Fund Value means the market value of the units as on date of Intimation excluding sum assured and any other death benefit after deducting applicable charges as per «policy bond» as on date of IntimaValue means the market value of the units as on date of Intimation excluding sum assured and any other death benefit after deducting applicable charges as per «policy bond» as on date of Intimavalue of the units as on date of Intimation excluding sum assured and any other death benefit after deducting applicable charges as per «policy bond» as on date of Intimation.

Cash values and death benefits can fluctuate based on the performance of the investment choices.

The standard death benefit is equal to the contract value on the date of the claim and does not include any additional guarantees.

The first 2 choices (# 1 and # 2) above focus on either maintaining the policy in force OR a preserving maximum death benefit, whereas the last 2 choices are preferred in many cases because they facilitate the ongoing performance and growth of the policy cash value.

GOLD SERIES SAGE CHOICE SINGLE PREMIUM DEFERRED ANNUITY — PRODUCT OVERVIEW 6 Year Single Premium Deferred Annuity Issue Ages: 15 days — 90 years (age last birthday) Minimum Premium — $ 2,000 Maximum Premium — $ 500,000 per Owner Free Withdrawal Provision («Bailout Feature»): Included in the Contract Guaranteed Minimum Interest Rate: 2 % for the first 10 years and 3 % thereafter Contract Loan — Not Available for this product Free - Look Period — 30 days Death Benefit: Accumulation Value on the date of the Owner's dDeath Benefit: Accumulation Value on the date of the Owner's deathdeath.

Depending on the type of permanent policy, you could see your death benefit shrink and / or premiums rise over time, or the cash value portion could decrease.

It combines a death benefit with a type of savings account that can build a cash value, from which you may be able to borrow or even withdraw money, depending on the type of account.

The investor also loses optional death benefits, contract value at death (depending on the timing of the election and contract terms the contract value could be realized over a specified period of time) and most other features purchased with the annuity.

Since age 65 is commonly the age of retirement, this policy allows you to have a paid up policy (that continues to build cash value and grow your death benefit) at age 65, when most people need to cut back on their expenses.

A variable universal life insurance policy takes the best (or worst, depending on how you look at it) of the other two policies: you can adjust the premium and death benefit amount while investing the cash value in the policy's sub-accounts.

Particularly when we are focused on a death benefit, rather than cash value accumulation, a relatively small sum of money can purchase a large death benefit.

A company will usually pay more than the cash surrender value, but less than the death benefit, although the exact price depends on a number of factors.

Check with your super fund (s) whether the total value of your retirement phase interest (s), including any death benefit income stream, is likely to be more than $ 1.6 million on 1 July 2017.

Under the second variant, a death benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit consists of a Lump Sum benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your benefit, which is payable instantly on demise, followed by the regular payouts in form of the total Fund Value and Family Income Benefit at the conclusion of the Term of your Benefit at the conclusion of the Term of your policy.

Jill partially commutes $ 800,000 of her account - based income stream on 1 July 2017, retaining it in the accumulation phase, and continues receiving the reversionary death benefit income stream valued at $ 800,000.

It provides you with the certainty of a guaranteed amount of death benefit and a guaranteed rate of return on your cash values.

Your cash value and your death benefit will vary depending on the performance of the accounts, although some policies may contain a guaranteed minimum for each.

This type of coverage provides guaranteed death benefit protection, along with a fixed rate of interest on the cash value component of the plan.

As a result, investors are likely to discount the cash value more aggressively (i.e., to make a relatively less generous offer if it must include buying out existing cash value on top of the policy death benefit) than a policy with little or no cash value.

He advises clients on a wide range of unclaimed property and compliance issues, including gift cards and other stored - value programs and the use of the Social Security Death Master File to identify unclaimed benefits and develop remediation strategies.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for ICICI Pru Guaranteed Wealth Protector and Bharti AXA Life eProtect Plus.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Metlife Bhavishya Plus and Sahara Pay Back.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for IndiaFirst Simple Benefit Plan and DHFL Pramerica eSave.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for DHFL Pramerica Future Idols Gold Plus and Exide Life Secured Income Insurance RP.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for TATA AIA MahaLife Gold Plus and MET Pension (Par).

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Bharti AXA Life Secure Income and TATA AIA iRaksha Supreme.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Star Union Dai ichi Premier Protection Plan and LIC Jeevan Lakshya.