Sentences with phrase «value of the death benefit prior»

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 %.

Not exact matches

In - force illustration with minimum level premium to maintain the death benefit through maturity, solving for $ 1,000 of account value at maturity, dated within sixty (60) calendar days prior to the seller's acceptance date

The death benefit on most equity - indexed annuities is equal to the full contract value, i.e. premium plus accrued gains compounded annually minus any prior withdrawals, calculated as of the date of death, or in some cases, as of the last contract anniversary.

The policy's essential elements consist of the premium payable each year, the death benefits payable to the beneficiary and the cash surrender value the policyholder would receive if the policy is surrendered prior to death.

Although the policy will still maintain a death benefit, the policyholder is able to utilize the accumulation of the cash value for items that they may need prior to reaching their retirement — such as paying for a child's college, paying off their mortgage, or even taking a nice vacation.

If the insured dies, the death benefit will be higher of the chosen Sum Assured deducting any partial withdrawals made in the 2 years prior to death or the Fund Value is paid

The death benefit paid on death will bean amount which is higher of the chosen Sum Assured deducting any partial withdrawals made in the 2 years prior to death or the available Fund Value is paid with a minimum of 105 % of total premiums paid until the date of death

Scenario B - Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums death during the policy term, the Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums death), Policy Fund Value or 105 % of all premiums paid.

In the event of death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums death of the life assured while the policy is in - force, the Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums Death Benefit payable is higher of Sum assured (less partial withdrawals, made 12 months prior to death), Policy Fund Value or 105 % of all premiums death), Policy Fund Value or 105 % of all premiums paid.

In the event of death of the life assured, the Death Benefit payable is higher of Sum Assured less partial withdrawals (within 2 years prior the date of death) Or Policy Fund Value, provided the policy is in - fdeath of the life assured, the Death Benefit payable is higher of Sum Assured less partial withdrawals (within 2 years prior the date of death) Or Policy Fund Value, provided the policy is in - fDeath Benefit payable is higher of Sum Assured less partial withdrawals (within 2 years prior the date of death) Or Policy Fund Value, provided the policy is in - fdeath) Or Policy Fund Value, provided the policy is in - force.