Sentences with phrase «buying a life insurance policy allows»

Not exact matches

Guaranteed Insurability: An insurance policy provision that allows the insured to buy additional fixed amounts of life insurance at fixed time intervals without evidence of insurability.

Genworth Life Insurance Company allows a non-working spouse to buy a policy up to 100 percent of the income - earning spouse's coverage to a maximum of $ 3 million!

As your child grows into an adult, this rider allows you to buy additional life insurance above the face value of the current policy (on specific dates and in certain increments) regardless of his / her health status at the time.

And, some policies contain guaranteed purchase options, which allow you to buy additional life insurance coverage at specified times, regardless of your health.

While most life insurance carriers only allow people up to age 55 to be a 25 year term policy (which would expire at age 80), Transamerica allows you to buy a 25 year term policy all the way to age 65.

Work Term Life 65 — This type of Term policy, which is only available through Prudential life insurance, allows you to buy at any age and will cover you specifically to ageLife 65 — This type of Term policy, which is only available through Prudential life insurance, allows you to buy at any age and will cover you specifically to agelife insurance, allows you to buy at any age and will cover you specifically to age 65.

And if you're a parent looking to buy a life insurance policy on your children, a children's term rider allows you to add term life insurance coverage on all your children - natural, adopted, and stepchildren.

If you've bought a universal life insurance policy, then you're generally allowed to withdraw the partial sum from your policy without completely cancelling your policy.

Guaranteed Insurability: An insurance policy provision that allows the insured to buy additional fixed amounts of life insurance at fixed time intervals without evidence of insurability.

Certain policies also allow your child to purchase additional life insurance on top of what you bought, no matter their health status.

And, accidental death policies allow you to buy up to $ 1,000,000 of life insurance protection online.

This allows you to design a life insurance policy that fits your needs so that you don't need to make a commitment to buying a large permanent life insurance policy.

Saving this amount of money would allow a healthy non smoking 40 year male to buy 3 — 20 Year Term Life Insurance policies worth $ 500,000 each at a cost of approximately $ 352.92 each per year.

Whole life is a long - term contract that is designed to allow you to buy the policy and never worry about increasing insurance costs or whether you are insurable in the future.

It's important that you have this option when you buy term life insurance because it allows you to convert the term policy without proof of insurability, but at the attained age of conversion.

A guaranteed insurability rider, also called a GI rider, is a life insurance rider which allows the owner of a life insurance policy to buy additional life insurance with no underwriting.

It is true that this is how it works but there are life insurance companies that allow applicants to buy multiples of this rider... e.g. three times the face amount of the policy would be paid should they die by accident.

Guaranteed life insurance allows the senior citizens to buy a policy regardless of their age and it does not require prior health related investigations.

There are companies called viatical investment companies which will buy your life insurance policy for a percentage of it's death benefit value thereby allowing you to have money to pay medical expenses etc, easing your financial burden.

Second, you'll need to disclose your existing life insurance policy when you apply so the insurer can make sure you aren't buying more life insurance than you need (or is legally allowed).

Some insurance companies will allow you to renew your term life policy or convert it to a whole life policy, but if you do not do take of these options, or if you do not buy a new term life insurance policy, then you will simply no longer have any life insurance.

In recent years life insurance carriers have seen fit to allow people to buy term policies up until age 65 without the necessity of a medical exam.

This refers to an option available to some whole life insurance shoppers which allows the insured to use the policy's cash value to buy additional term life insurance.

with companies allowing their clients to buy policies online, many people who otherwise wouldn't have gone through the hassle of getting an insurance, have now got themselves an online life insurance or are contemplating getting one.

If you like your quotes you can request further information, apply for a policy, and some life insurers even allow you to buy your life insurance policy direct online without taking any physical examination.

If you are straining to buy enough insurance to cover your family's financial needs, do not allow someone to talk you into a more expensive whole life policy.

Most policies allow these earnings to be taken in cash, used to buy additional life insurance, or to help reduce the amount you might pay out of pocket to fund the policy.

Yes, term life insurance policies with shorter terms cost less than those with longer terms, BUT if you want coverage to continue after your term is up, you'll either need to convert the term policy to a permanent life policy (if your policy allows it) or buy a new term policy after yours expires.

It's important to understand the impact of choosing to own a life insurance policy on someone other than yourself or allowing your spouse or partner to buy an insurance policy on your life.

Whether you are planning to buy your dream car after 10 years or planning to buy your own house after 20 years, a life insurance policy allows you to achieve all your long term goals easily.

Jayant was not buying a life insurance policy due to his financial limitations, but a term insurance policy allowed him to get insured under a life insurance policy at an affordable price.

Buying a life insurance policy early allows you to enjoy longer period of cover.