Sentences with phrase «based on the term life insurance policy»

Based on the term life insurance policy that is chosen, an applicant for term life coverage through Transamerica has the ability to choose how the death benefit option works on their plan.

Not exact matches

In the U.S., we already have legislation that prevents health insurance companies from discriminating against individuals based on genetic information, but it doesn't apply to life insurance or long - term care policies.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

Term life insurance policies vary considerably based on a number of factors including your health status, the length of the term you choose and the company you work wTerm life insurance policies vary considerably based on a number of factors including your health status, the length of the term you choose and the company you work wterm you choose and the company you work with.

Buying a term life insurance policy based just on price may be a mistake.

Please give us a call today for policy illustrations from many of these excellent cash value life insurance companies and long - term care insurance providers and receive a free strategy session to see which company and policy is right for you — based on your unique needs, goals and objectives.

Re-Entry: A policy provision that allows an insured to renew their term life insurance policy at the end of the term based on their attained age and health status.

A term life insurance policy works exactly how it sounds; after purchasing coverage, or committing to pay for coverage on a regular basis, you receive life insurance for a certain number of years, or a «term.»

When coupled with a life insurance policy, the hybrid LTCi owner will also have the advantage of passing dollars on to family on an income tax - free basis if the policy was never accessed for long term care coverage.

Decreasing term life insurance is a life insurance option where the death benefits decrease on either a monthly or annual basis over the life of the policy.

Because there are many possible permutations and complications that can come about as a result of blood clots or emboli, life insurance companies will decide whether to underwrite a term life insurance policy or not based on the individual details of each case.

After all, life insurance is based on risk factors, and the older that you are the greater the risk you present to the insurance company of dying within the term of the policy.

As an example, a properly structured cash value whole life insurance policy that is purchased from a mutual company, is one that has tremendous liquidity, low cost (majority of the cost is buying lifelong level insurance — not to be compared to term), no tax on the growth of the account, tax free loans, tax free withdrawals (up to basis), tax free to survivors, no contribution limits, no required withdrawals, is free from creditors, and has minimum guarantees.

Comparison of the plans can be based on details of Shriram Ujjwal Life SP and IDBI Federal Growth Insurance like eligibility criteria, policy term, returns etc. for these two plans.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Reliance Pension Builder and Shriram Group Term Life Insurance.

Comparison of the plans can be based on details of Max Life Forever Young and IDBI Federal Growth Insurance like eligibility criteria, policy term, returns etc. for these two plans.

Compare eShield Plan and Super Term Plan on basis of policy details, premium details, eligibility etc. eShield Plan is provided by SBI Life Insurance.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Aegon Life Term Insurance Plan and IndiaFirst Guaranteed Retirement Plan.

Compare Shriram Group Term Life Insurance and IndiaFirst Guaranteed Retirement on basis of policy details, premium details, eligibility etc..

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for Star Union Dai ichi Group Term Insurance Plus and HDFC Life CSC Suraksha.

Comparison of the plans can be based on details of Edelweiss Tokio Life Protection and eWealth Insurance like eligibility criteria, policy term, returns etc. for these two plans.

One can compare benefits of both policies based on aspects like availability of loan, surrender value, tax benefits, death benefits, etc. for HDFC SL YoungStar Super Premium and Aegon Life Term Insurance Plan.

The remaining term insurance may be convertible to any whole life policy New York Life makes available on an attained age or original age balife policy New York Life makes available on an attained age or original age baLife makes available on an attained age or original age basis.

However, this opinion, is based on people that are able to qualify for a level term life insurance policy.

Some choose to renew their policies on an annual basis but most choose guaranteed level term life insurance, which is where you a select coverage for a certain time period in increments of five years up to 30 years.

We averaged quotes for 35 - year - old and 45 - year - old men and women for a 20 - year $ 500,000 term life insurance policy, based on data from the NerdWallet life insurance comparison tool.

'' COMPARE: Term life insurance quotes Agents make commissions based on the type of policy and coverage amount you choose, something to keep in mind when considering their advice.

Re-Entry: A policy provision that allows an insured to renew their term life insurance policy at the end of the term based on their attained age and health status.

Term life insurance policies come with a «minimum» and «maximum» amount as determined by both parties based on variables such as age, health, and personal finances.

Term life insurance offers seniors over the age of 70 greater flexibility based on the benefit coverage and in certain circumstances the ability to sell the policy if it is no longer needed.

The Adjustable CompLife, Estate CompLife, and Survivorship CompLife are all extremely unique products which combine both a whole life policy, as a base, with a term life insurance benefit on top.

A 15 Year Term Life Insurance policy may work for you based on what your needs are.

Life insurance rate quotes referenced in our materials are based on a composite of participating carriers» best - published monthly premium rates for 10 - year, term life policies with face amounts of $ 250,000 and $ 500,000 as of 12/30/2Life insurance rate quotes referenced in our materials are based on a composite of participating carriers» best - published monthly premium rates for 10 - year, term life policies with face amounts of $ 250,000 and $ 500,000 as of 12/30/2life policies with face amounts of $ 250,000 and $ 500,000 as of 12/30/2016.

This particular term life insurance plan offers premiums that are guaranteed to stay the same for the entire term you select — premiums are based on your age, health at the times you purchase the policy and will cover you until you reach 85 years of age

For the level term life insurance, rates are quoted based on a 10 - year guaranteed level term policy with both preferred best and preferred nonsmoker health classes with no policy riders included.

Flexibility to convert term life insurance to permanent life insurance based on the duration of the policy:

Unlike whole life insurance, which is considered a type of permanent life insurance, level term policies will eventually come to an end at a specific amount of time based on the policy you purchase.

The premium that is paid for a one year life insurance policy would be based on the actual probability that the person who has the insurance would die during the year that the term lasts.

Life insurance premiums are set for the term of the policy when you apply, so if you apply when you're younger — and likely healthier — you'll get a better deals based on the classification criteria we talked about before.

Typically when you apply for life insurance, you go through the full underwriting process, where you'll be classified based on how risky you are to insure (that is, how likely you are to die during the life insurance policy's term).

Not having to replace your life insurance policy after a specific term of level premiums with a new policy, and face potentially higher premiums based on your current your age or health status

The reason for these coverage limits is based on the same logic life insurance carriers use for classifying citizens: the higher the risk of dying during the term of a life insurance policy, the more concerned the carrier is.

These plans are essentially of two types, Unit Linked Insurance Plans or ULIPs that provides returns based on market performance, and traditional endowment plans that offer a lump sum or annuity payout at the end of the policy term when the life insurance policyInsurance Plans or ULIPs that provides returns based on market performance, and traditional endowment plans that offer a lump sum or annuity payout at the end of the policy term when the life insurance policyinsurance policy matures.

Since your new whole life premium will be based on the age at which you're converting your policy, and whole life insurance can be up to four times as expensive as term life insurance as is, it's likely worth looking at the price difference between a whole and term policy before starting to pay into a new whole policy.

Also called classifications, a life insurance rating is essentially a measurement of how risky you are to insure, based on how likely you are to die during your policy's term.

If the total of these is not enough to pay your living expenses on a long - term basis, or a disability would eat away at your retirement savings or children's college fund, a long - term disability income insurance policy may be right for you.

Appended below are the top 6 term life insurance plans based on the percentage of claims settled by the insurance providers.The following table has been created based on a payout of Rs. 1 crore at the time of policy maturation.

Generally, those applicants looking for a term life insurance policy are placed into one of four groups, based on how they've handled their health.

These policies will always be more expensive on a month to month basis than any other type of term life insurance policy simply because your premiums get returned in the end.

Once the term of the policy expires, you may not be able to purchase a new term life insurance policy at the lower rate you had become accustomed to because the new policy would be based on your age.