No medical term life insurance. Federal Employee Group Term Life Insurance Rates, WAEPA

Chronic Illness Rider (CIR)

This is a life insurance benefit that also gives you the option to accelerate some of the death benefit in the event that you are certified with a chronic illness as described in the certificate. Life insurance rates.

IMPORTANT NOTICE: This rider is not intended to be a federally tax-qualified long-term care insurance contract under Internal Revenue Code (IRC) Section 7702B. Therefore, the premiums payable for this rider do not qualify as long-term care insurance premiums and are not deductible from gross income for federal income tax purposes. This rider, however, is subject to the federal per diem limits set forth in IRC Section 7702B. Under this rider, New York Life will not pay claimants more than the federal per diem limits. Assuming the amount you receive in the aggregate from all applicable policies does not exceed the federal per diem limits set forth in IRC Section 7702B, the benefits provided by the Chronic Illness Rider are intended to be excludable from federal gross income under Section 101 (g) of the IRC.

Receipt of an accelerated death benefit may affect eligibility for Medicaid or other government benefits or entitlements and may have income tax consequences. Accelerating benefits before applying for these programs, or while you are receiving government benefits, may affect your initial or continued eligibility. Clients can contact the appropriate social service agency (e.g., the Medicaid Unit of your local Department of Public Welfare or the Social Security Administration Office) for more information.

Types of life insurance

*The following states are not eligible for CIR: CT, ID, LA, MN, MT, NC, OH, SD, UT, WA

rates-life-insurance.com
Overall rating page: 4.9 / 5 left 92 people.

Posted by at 12:06AM

Tags: no medical term life insurance, reliastar life insurance, 20 year term life insurance rates, compare life assurance, family life insurance plan, online term life insurance rates, monumental life insurance, types of life insurance, auto insurance policy, whole life insurance online

Comments

There are no comments for this post "Federal Employee Group Term Life Insurance Rates, WAEPA". Be the first to comment...

Add Comment