Sentences with phrase «with death benefit»

The death benefit is also called the coverage amount or policy proceeds, but we'll stick with death benefit to keep things simple.

After you die, they will be awarded with the death benefit to cover all debts and final expenses as long as the premium payments are maintained.

A life insurance plan can clearly provide more financial security than simply providing your loved ones with a death benefit.

Unlike simplified issue term life insurance which offers pure death benefit only, a simplified universal life (UL) policy will provide the policyholder with both death benefit protection, as well as a cash value component.

A permanent policy will provide the policyholder with a death benefit, along with a cash value policy component where the cash is allowed to grow on a tax - deferred basis.

You can purchase a policy with a death benefit of several hundred thousand dollars, often for just a few hundred dollars per year.

If the primary income earner dies, the other spouse MUST be left with a death benefit to cover monthly expenses.

If the business maintains a life insurance policy on each of its partners — with the death benefit going to the partners — the surviving partners will be in a financial position to buy out the deceased partners interest in the business from his or her family.

Variable annuities also come with a death benefit.

Ten times your current income is a good starting point, which would mean someone earning $ 100,000 annually should purchase insurance with a death benefit of $ 1 million.

If your goal is to have the policy pay for final expenses, a policy with a death benefit between $ 10,000 and $ 50,000 may meet your needs.

For example, a nonsmoking 30 - year - old woman in excellent health might be able to get a 20 - year term policy with a death benefit of $ 1 million for $ 480 per year.

Term life insurance is also priced at a rate that most can afford with a death benefit sufficient to meet their needs.

As a result, for such a person, a funeral insurance policy with a death benefit of $ 10,000 would cost $ 100 per month.

A person who applies for a life insurance policy with a death benefit higher than what the insurance company deems normal and ordinary may have to provide further documentation or explanation for the request.

Finding the right life insurance policy for you — and choosing what to do with your death benefit payout — will depend on the unique needs of you and your family.

If your insurer's problems are severe enough, it might not be able to provide your beneficiaries with the death benefit they need to ensure their financial security.

In this case, the sum assured of accidental benefit is also paid along with death benefit in a lump sum.

Like other forms of life insurance, variable life policies are designed to provide your beneficiaries (family, friends or even an organization) with a death benefit if you die while your policy is still in effect.

These types of policies guarantee that the premium remains level along with the death benefit.

The investment opportunities combined with the death benefit can make this attractive for those better able to afford the higher premiums.

The cash reserve is a savings that accumulates with the death benefit, effectively replacing it over time.

Decreasing Term Insurance — A type of Term Insurance with a death benefit amount that decreases over time, tied to a collateralized loan, such as a mortgage.

It is simply a life insurance policy that will provide your beneficiary with a death benefit from accidental or natural death for a specified amount of time.

Child life insurance is typically sold as a whole life insurance policy with a death benefit under $ 100,000.

A smaller policy with up to a $ 50,000 death benefit will require less proof of insurable interest than a policy with a death benefit of $ 250,000.

If you haven't heard of this previously, the product will insure two people with the death benefit reaching a beneficiary once the second person passes away.

The term is in effect until the mortgage is paid off, with the death benefit being only the remaining balance on the loan at the time of the death of the insured.

Both types of permanent life insurance are designed to not only protect families with a death benefit, but also build cash value.

To ensure their financial protection Tata AIA offers term plan with return of premium which is TATA AIA Life iRaksha TROP which is an online term plan that ensures the return of premium in case the insured survives the policy term along with the death benefit.

Should a life insurance policyholder pass away, a life insurance policy can provide financial support for your beneficiaries with a death benefit.

For example, if an individual owns a whole life policy with a death benefit of $ 100,000 and a cash value account worth $ 25,000, it is common for beneficiaries to expect a payout of $ 125,000.

Anything that the policyholder's salary was used for when he or she was alive can be paid for with the death benefit that an insurance policy provides.

Which is why it would be possible to have several cash value life insurance policies building concurrently, providing your business with death benefit protection against the loss of key employees, all while building a private financing source with tax advantageous growth.

Any charges recovered subsequent to the date of death shall be paid back to nominee or beneficiary along with Death Benefit.

Regardless of the medications you are taking, if you are over the age of 50, you may qualify for a guaranteed issue life insurance policy with a death benefit of up to $ 25,000.

Endowment plans do provide guaranteed maturity benefit along with death benefit.

That's why every policy starts with a death benefit.

ULIP is the only one among the three that provides you with a death benefit.

There are Term Insurance Plans with Death Benefit but no Maturity Benefit.

And if you own permanent life insurance, make sure you calculate your premium with the death benefit (the death benefit needs to be part of the calculation).

Unlike a CI rider, this product provides Accelerated CI options (which means the policy will continue with the death benefit reduced to the extent of the critical illness sum assured paid) in two variants (7 illnesses and 35 illnesses), depending on the requirements of the customer, which is a cost effective feature and caters to a unique need.

If you avail of the critical illness cover in the event of a pre-listed critical illness, the policy will continue with the Death benefit reduced by the extent of the Critical Illness Sum Assured paid.

These plans also come with a Death Benefit, thereby ensuring that in the unfortunate event of death of the parent, the child can still continue pursuing education.

Also any outstanding annuity installments till date of death shall be payable along with Death Benefit.

Let's say you have a life insurance policy with a death benefit of $ 100,000.

Endowment plans like Edelweiss Tokio Life — Wealth Builder offers you guaranteed returns upfront along with death benefit.

An endowment plan is one that gives you assured returns on maturity along with death benefit in the event of your untimely demise.

The upside to this is that sum assured of the accident benefit will also be payable as a lump sum along with the death benefit.

It offers profits to the policyholder in the form of loyalty benefits, which are terminal bonuses payable along with death benefit or maturity benefit.