Sentences with phrase «with death benefit payable»

Additionally, BSLI will refund the premiums collected after the date of accident till the date of death with interest as informed by them along with death benefit payable.

Joint Life Insurance Joint Life Insurance provides coverage for two or more persons with the death benefit payable at the first death.

Joint Life and Survivor Insurance Joint Life and Survivor Insurance provides coverage for two or more persons with the death benefit payable at the death of the last of the insureds.

Not exact matches

Whole insurance offers lifelong protection with premiums that never increase, and provides cash benefits payable at your death.

This insurance policy death benefit is payable to the company providing owners with the financial flexibility needed to hire a replacement.

Unpaid loans will reduce the cash value and death benefit payable, and if the policy lapses with a loan outstanding, it will be treated as a distribution and may be subject to income tax.

Furthermore, in order to address the possibility that an employee with a shortened life expectancy could accelerate the annuity starting date in order to avoid this rule, this table is available only if, under the contract, no benefits are payable in any case in which the employee selects an annuity starting date that is earlier than the specified annuity starting date under the contract and the employee dies less than 90 days after making that election, even if the employee's death occurs after his or her selected annuity starting date.

The graded death benefit feature limits the amount of death benefits payable in the early years to return of premiums with interest.

In case of death of the insured during the tenure of the plan, a benefit higher of 10 times the annual premium or base Sum Assured or minimum guaranteed Maturity Sum Assured or 105 % of all premiums paid till the date of death is payable along with the vested reversionary bonuses.

On insured's death, the benefit payable is defined as higher of 10 times the annualized premium or the base Sum Assured with a minimum benefit of 105 % of premiums paid until death

With North American Life Insurance Company's Custom Guarantee universal life insurance policy, an insured has the ability to have guaranteed death benefit protection up to his or her age 120, with no premiums payable after age With North American Life Insurance Company's Custom Guarantee universal life insurance policy, an insured has the ability to have guaranteed death benefit protection up to his or her age 120, with no premiums payable after age with no premiums payable after age 100.

Death Benefit: In case of the demise of the insured person the beneficiary of policy LC Jeevan Anand is payable of total sum assured amount along with the simple reversionary bonus and the tenure of the policy continues to be inforce.

These plans cover two lives, with a death benefit that is payable upon the second person's passing.

When there is «gap,» or difference, between the cash value of the policy and the death benefit payable under the policy, this difference is the «net amount at risk» since it represents an amount of money that the insurer needs to pay with money that the policy has not yet earned.

The Custom Guarantee universal life product that is offered through North American Life Insurance Company provides a guaranteed death benefit up to the insured's age 120, with no premiums payable after age 100.

Accelerated Death Benefit — available to insured employees with a life expectancy of 12 months or less allowing them to collect a percentage of their life insurance benefit early and the remaining benefit is then payable to the benefBenefit — available to insured employees with a life expectancy of 12 months or less allowing them to collect a percentage of their life insurance benefit early and the remaining benefit is then payable to the benefbenefit early and the remaining benefit is then payable to the benefbenefit is then payable to the beneficiary.

Unpaid loans will reduce the cash value and death benefit payable, and if the policy lapses with a loan outstanding, it will be treated as a distribution and may be subject to income tax.

With both life insurance and key man life, there is a policy owner who makes premium payments to a life insurance company for the guarantee a specified amount of money, referred to as the death benefit, will be payable to the beneficiary.

The Terminal Bonus is payable along with death or vesting benefit.

This insurance policy death benefit is payable to the company providing owners with the financial flexibility needed to hire a replacement.

And the words «tax free» should not really be associated with life insurance, except for the death benefit payable to your beneficiary.

These funds could purchase a single premium, paid - up policy with a $ 130,000 death benefit payable to the charity upon her death.

Upto 50 % of total term plan cover or Rs. 50 lacs, whichever is lower, can be paid under the critical illness (CI) benefit and the balance life cover will be carried forward (with reduced future Premiums payable) and payable on death.

In that case, the aggregate of the monthly incomes payable discounted @ 5 % per annum would be payable along with the death benefit which is 12 times the monthly incomes in the year of death.

The CI Sum Assured shall accelerate the Death Benefit to the extent of the CI Sum Assured with the remaining Death Benefit payable on dDeath Benefit to the extent of the CI Sum Assured with the remaining Death Benefit payable on dDeath Benefit payable on deathdeath.

The company may also declare Non-guaranteed Terminal Bonus to be payable with Maturity Benefit or Death Benefit

The death benefits with Reduced Paid - Up value shall be the sum assured on death multiplied by the ratio of the number of premium installments paid to the total number of installment premium payable.

An additional Accidental Death Benefit equal to the SA is payable if the policyholder meets with accidental death under Extra Life ODeath Benefit equal to the SA is payable if the policyholder meets with accidental death under Extra Life Odeath under Extra Life Option

Irrespective of how much survival benefits has been paid, the entire sum assured is payable as death benefit along with accrued bonus.

Under this plan, Death Benefit is payable in case of any of the two lives meeting with an untoward incident, either independently or together, during the term of the policy.

Endowment with Whole Life: This will include benefit under endowment option + Sum Assured on Maturity payable on survival till 100 years of age or death, whichever is earlier

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

Death Benefit is the Sum assured equal to 10 times the single premium along with the Loyalty Addition, if any, is payable.

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.

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

The highlights of the key features and benefits are as follows: ● There are maturity benefits with a sum assured at the end of the term plan ● There are death benefits ● Annual income payments to the family in case of an untimely death ● Maturity amount is free from tax under section 10D, and Premium payable is applicable for rebate under section 80C ● The Policy garners profits from LIC in the way of bonuses

The premium payable amount of the Jeevan Sangam Plan depends upon the age of the policyholder, the maturity sum assured amount selected and needs which change from time to time The plan is also providing a death benefit that would be ten times of the tabular single premium along with some loyalty addition.

It provides multiple death benefit options like Life Cover, Life Cover with inbuilt Accidental Death Benefit, Life Cover with inbuilt Waiver of Future Premiums payable on Accidental Total and Permanent Disability and Life Cover with inbuilt Waiver of Future Premiums payable on Critical Illdeath benefit options like Life Cover, Life Cover with inbuilt Accidental Death Benefit, Life Cover with inbuilt Waiver of Future Premiums payable on Accidental Total and Permanent Disability and Life Cover with inbuilt Waiver of Future Premiums payable on Critical Ibenefit options like Life Cover, Life Cover with inbuilt Accidental Death Benefit, Life Cover with inbuilt Waiver of Future Premiums payable on Accidental Total and Permanent Disability and Life Cover with inbuilt Waiver of Future Premiums payable on Critical IllDeath Benefit, Life Cover with inbuilt Waiver of Future Premiums payable on Accidental Total and Permanent Disability and Life Cover with inbuilt Waiver of Future Premiums payable on Critical IBenefit, Life Cover with inbuilt Waiver of Future Premiums payable on Accidental Total and Permanent Disability and Life Cover with inbuilt Waiver of Future Premiums payable on Critical Illness.

Variable life insurance benefits, payable upon death or surrender, vary with the investment performance of an underlying portfolio of securities.

This will provide him with $ 118,073 in income tax - free death benefits payable to his beneficiary upon his death.

Life Insurance written on two or more persons with benefits usually payable only upon the first death.

With the waiver of premium benefit, a child plan continues till end of the policy term, even after death and the maturity benefit is also payable.

The first instalment will be paid to the nominee after the settlement of claim and the remaining 10 instalments will be paid on each of the following death anniversary of the Life Assured plus Additional benefit shall be payable along with the last annual instalment.

On the first diagnosis of any of the 40 specified critical illnesses, the payout for Critical Illness benefit will be made, and the balance life cover will be carried forward (with reduced future Premiums payable) and payable on death.

Simple Reversionary Bonus vested annually from the end of the 1st policy year and is payable on survival during benefit payout term or death of the life insured / maturity of the policy, as applicable under Pure Income Benefit & Income with Maturity Benefit Option respecbenefit payout term or death of the life insured / maturity of the policy, as applicable under Pure Income Benefit & Income with Maturity Benefit Option respecBenefit & Income with Maturity Benefit Option respecBenefit Option respectively.

The company may also declare Non-Guaranteed Terminal Bonus which is also payable along with Maturity Benefit or Death Benefit.

Additional Sum Assured is payable on death occurring due to an accident is Rs 1,00,000 along with the basic death benefit.

Higher of the Fund Value or Sum Assured is payable or minimum death benefit; with a minimum of 105 % of total basic premiums paid till the date of intimation of death.

Also, the death benefit is payable if the life insured dies during the policy term.There is no maturity value attached with pure term plans.

Accidental death benefit: In case of death due to an accident, an additional amount up to 50 % of the sum assured is payable to the nominee along with the base sum assured.