Sentences with phrase «with death benefits paid»

Senior Tribute 1 offers instant full death benefits, life policy with death benefits paid to the specified beneficiary if the death happened while the policy is present.

Life insurance, or rather, standard life insurance, consists of a policy that is either permanent life insurance or term life insurance, with a death benefit paid to the beneficiaries upon the insurance holder's death.

Joint first to die life insurance is insurance where two individuals are covered with death benefit paid on the first death.

With the death benefit it pays, life insurance can safeguard a retirement in ways that a brokerage account can not.

No one would invest in life insurance solely for the cash dividend payment, but the dividend income payments coupled with the death benefit paid when a death claim is filed is an attractive combination.

Not exact matches

When it is time for either college or retirement, the policy holder can borrow money from the cash value and pay it back with the death benefit when they die.

Because your life insurance premiums are paid with after tax dollars, the death benefit is able to be paid out in lump sum without any state or federal taxes being withheld.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

If you are diagnosed with an illness after purchasing coverage, the insurer will pay you a portion of the policy's death benefit.

If you are diagnosed with an illness after purchasing coverage, the insurer will pay you a portion of the policy's death benefit.

If you are diagnosed with a qualifying disability, typically one that leaves you disabled for over 6 months and is permanent, the insurer will pay a percentage of the death benefit to you each month.

Now you are suggesting that the company pay a death benefit to cover a person with absolutely no information about their expected longevity.

If you have a life insurance policy, and you've been keeping up with your premiums, your insurer will pay out a death benefit when you die.

However, the death benefit and cash value can continue to grow with participating policies since the dividend can be applied to purchase additional paid - up life insurance coverage.

If the death benefit is worth $ 1 million, and you elect to receive an annuity that pays out 6 % per year, you have to wait almost 17 years just to break even with what you'd get from a lump sum.

Globe Life only offers coverage with no medical exam so, if you're healthy, you'll pay higher rates for the same death benefit than you would at an insurer with full underwriting.

With a traditional policy, the death benefit is paid out and that's the end of the policy.

With a family income policy, rather than a lump sum of money, the death benefit is paid out in monthly increments as a portion of the total death benefit.

If you haven't been keeping up with your insurance premiums, your insurer will not pay out the death benefit to your beneficiaries when you die, rendering the whole thing useless.

Or you may wish to lock in a steady rate with a permanent life insurance policy, which accrues cash value, and pays a guaranteed death benefit, even if you live to be 100 years old.

With most term life insurance policies, the death benefit — the portion of money that's paid out to beneficiaries — works the same way.

A) Both policyowners would need to pay extremely high premiums to make up for the money the life insurance company would lose in death benefit payouts, or B) the life insurance company would go bankrupt with both policyowners paying such low premiums and then no families would receive death benefits.

On the other hand, if you've just purchased a home with your spouse, you might consider a decreasing term policy (since your mortgage balance decreases over time as you pay it off) with a death benefit equal to the size of your outstanding loan.

The accelerated death benefit rider pays out a significant portion of the death benefit in the event the insured is diagnosed with a terminal illness (12 - 24 months to live).

If stay - at - home parents have life insurance coverage and pass away, the life insurance death benefit would allow the surviving spouse to take much needed time off work to spend with the children and help pay for services that the stay - at - home parent lovingly provided.

Many times people pay in more in premiums than they get back in death benefit with final expense if the insured lives for more 7 - 9 years.

Living Needs Benefit (Accelerated Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months oBenefit (Accelerated Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or Death Benefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months oBenefit) Rider: at no additional cost, this living benefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months obenefit pays out a portion of the death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or death benefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months obenefit if the insured is diagnosed as terminally ill with a life expectancy of 12 months or less.

With a life insurance policy, if the insured person dies, the life insurance company will pay out a death benefit to the beneficiaries.

With the help of dividends purchasing paid - up additions, it is possible for your death benefit to increase substantially over your lifetime.

Do not expect to die with term in force, since 99 % of policies expire without paying a death benefit claim.

That $ 42,000 could be used to pay the premiums on a life insurance policy, on the trustmaker's life, with the death benefit to pass to the 3 beneficiaries.

The policy includes an accelerated death benefit rider which will pay you a lump sum if you are diagnosed with a qualifying terminal illness.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

Death Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments receDeath Benefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments reBenefit: For QLACs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments rebenefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments recedeath, amounting to the difference between the initial premium paid and the cumulative income payments received.

The Legalese «The Acceleration of Death Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.&rDeath Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.Benefit Rider provides payment of all, or a portion of the death benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.&rdeath benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.benefit, of the amount that would normally be paid to the beneficiaries upon the death of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.&rdeath of the insured, while the insured is alive if they are determined to be terminally ill with 12 months (24 months in some states) or less to live.»

Or, if you prefer, you can preselect how the death benefit will be paid to your beneficiaries (available with nonqualified and IRA contracts only).

(o) If there is no person who would be entitled, upon application therefor, to an annuity under section 2 of the Railroad Retirement Act of 1974 [98], or to a lump - sum payment under section 6 (b) of such Act, with respect to the death of an employee (as defined in such Act), then, notwithstanding section 210 (a)(9)[99] of this Act, compensation (as defined in such Railroad Retirement Act, but excluding compensation attributable as having been paid during any month on account of military service creditable under section 3 of such Act if wages are deemed to have been paid to such employee during such month under subsection (a) or (e) of section 217 of this Act) of such employee shall constitute remuneration for employment for purposes of determining (A) entitlement to and the amount of any lump — sum death payment under this title on the basis of such employee's wages and self — employment income and (B) entitlement to and the amount of any monthly benefit under this title, for the month in which such employee died or for any month thereafter, on the basis of such wages and self — employment income.

Universal life combines a savings component (called cash value) with a lifelong death benefit; as long as you pay the premium, coverage lasts as long as you live.

A Life Insurance with Single - premium benefits is a type in which the premium is paid in lump sum to the policy to which in return death benefits are promised to be paid until the policyholder die.

The accelerated death benefit rider pays a portion of the death benefit to you (the insured) if you become terminally ill with a short life expectancy.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

And with features such as paid - up additions, you can greatly enhance your cash value accumulation, which also increases your whole life insurance death benefit.

For DIAs with return of premium and / or death benefit riders, beneficiaries will receive any remaining value in the contract in the case of the annuitant's premature death, amounting to the difference between the initial premium paid and the cumulative income payments received.

Just like we saw with whole life insurance, the death benefit works in exactly the same way in that it will be paid to the beneficiary as long as the insured passes away within the dates of the policy, i.e. the contract.

In actuality, the major benefits of guaranteed universal life, that of securing a permanent death benefit with little risk, can be similarly realized through purchasing traditional dividend paying whole life insurance.

With mortgage life insurance, the death benefit or coverage amount declines as your mortgage balance decreases, but the premium you pay remains the same.

As you use your cash flow to pay back your loan with interest, you are increasing your death benefit and cash flow growth.

With one lump sum payment, you will have a paid - up death benefit provided by the issuing insurance company that will allow you to pre-fund specific legacy goals with confideWith one lump sum payment, you will have a paid - up death benefit provided by the issuing insurance company that will allow you to pre-fund specific legacy goals with confidewith confidence.

The death benefit can be used to help replace lost revenue or to pay costs associated with keeping the doors open, including rent, utilities, lease payments, and payroll.

Key person life insurance policies are taken out by companies on their employees, with death benefits that are paid to the company, rather than to the insured person or to their estate or heirs.