Additional Death Benefit

Additional Death Benefit

In some life insurance policies, an extra benefit the beneficiaries of the policy receive upon the death of the policyholder, provided one's death occurs under certain, defined circumstances. For example, a policy may pay an additional death benefit if the policyholder dies before his/her retirement. The amount of the additional death benefit and the circumstances under which it is paid are defined in the policy.
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Benefits include: A $500,00 accidental death benefit; up to $250,000 in excess medical coverage; up to $50,000 benefit for mental health counseling; disability income coverage; plus an additional death benefit for the donor's travel companion.
The Common Carrier Accidental Death Rider provides an additional death benefit of double the BIG UL face amount, up to a limit of $300,000.
Available term riders provide an additional death benefit during the first four policy years, while a policy split option rider can be used in the event of divorce or tax law changes.
For example, the Select Estate Protection rider - available at no additional cost and automatically added to policies where the insureds meet specified age, health and specified amount criteria - is a term rider that provides an additional death benefit to the beneficiary for the first four policy years.
This rider pays an additional death benefit if the insured dies as a result of an accident before age 70--in effect, doubling the amount of coverage.
The beneficiary receives an additional death benefit equal to 40% of the earnings accumulated up to age 69.
9-year No-Lapse Death Benefit Guarantee * Return of Premium rider(2) -- provides additional death benefit coverage equal to a percentage of premiums paid, up to 100% * Cash Value Enhancement rider(2) -- helps reduce the charge to business earnings of an employee benefit or business succession plan when the policy is owned by a corporation
The DOT rider helps consumers get additional death benefit protection.
A Nine Year No-Lapse Guarantee; * A Return of Premium rider, which provides additional death benefit coverage equal to a percentage of premiums paid, up to 100 percent; and * A Cash Value Enhancement rider, which helps reduce the charge to business earnings of an employee benefit or business succession plan when the policy is owned by a corporation.
The Earnings Increase Death Benefit pays an additional death benefit based on the earnings in the contract to help offset beneficiary expenses, such as federal and state taxes.
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