Sentences with phrase «depending on the life insurance policy»

Parents of special needs children depend on their life insurance policies to step in when and if they can't, and many parents are solely dependent on life insurance to finance the lifetime care of their child after they're gone.

Depending on the life insurance policy opted, you have to take the necessary action.

Depending on the life insurance policy you purchased, the death benefit can be fixed or variable.

Depending on the life insurance policy you opt for, tax benefits are applicable on the premiums and maturity value.

That depends on the life insurance policy.

Not exact matches

Depending on the company selling you mortgage life insurance, the policy may be tied to your home or bundled as part of the mortgage.

If you are interested in getting life insurance to cover your mortgage, whether mortgage life insurance is the right policy for you depends primarily on your health.

In later life stages, permanent life insurance may offer, depending on the type of policy, the opportunity to accumulate cash value on a tax - deferred accrual basis, money that can be used for diverse needs.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

Your home and retirement accounts will be counted when your estate is valued for tax purposes, and proceeds from your life insurance could be counted, too, depending on how the policy is owned and who gets the money.

Depending on the type of life insurance policy, you may also be required to take a physical exam, which could include a drug test.

Depending on the company selling you mortgage life insurance, the policy may be tied to your home or bundled as part of the mortgage.

The three coverages overlap, and the answer depends on how your health insurance policy is structured, and which state you live in.

If you are interested in getting life insurance to cover your mortgage, whether mortgage life insurance is the right policy for you depends primarily on your health.

It's true that you may end up paying more for a life insurance policy than someone without diabetes, but it's going to depend on your overall health assessment.

The amount an insurance company charges for a life insurance policy depends on several factors:

Your premium may increase: Depending on the type of life insurance policy that you buy, don't be surprised if your insurer increases your premium.

But, this isn't an apples - to - apples comparison, since whole life insurance is usually significantly more expensive than term life insurance, whereas a return of premium policy is usually only slightly more expensive than a basic term policy (depending on your age and profile).

On the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiumOn the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiumon the size of the settlement, cash value of the policy, and the amount that's been paid in premiums.

One example is that, depending on your policy design, the death benefit for life insurance may continue -LSB-...] Read More

However, depending on your needs and your changing family life, you may find that a permanent insurance policy could also help you meet certain financial goals.

A life insurance policy can be a valid method of wealth accumulation, but how effective this is depends on the details.

Even going one day without auto insurance means the rate on your next policy could go up as much as 17 %, depending on the state where you live.

The home insurance policy should cover, at minimum, the perils named in an HO - 1 insurance policy, but you should consider adding greater coverage depending on the risks of the region you live in.

Depending on the kind of whole policy you buy, the cash portion earns interest from the life insurance company's investments, or at a predetermined rate set by the company, or in some cases from dividends of the company's annual profit.

Life insurance companies will not write a check worth thousands, or perhaps millions depending on your policy's death benefit, of dollars to a minor child.

Dear Jairam, Whether you can get a Rs2 Cr term plan or not, it depends on the life insurance company's underwriting policies.

But, depending on the policy, the money that is issued on the Mortgage Life Insurance can be designated for the mortgage only.

Depending on your coverage, you may already be adequately protected by your existing life insurance policy.

This is a greatly simplified example: The numbers will vary significantly depending on the life insurance company, the type of policy you purchase and, in some cases, current interest rates.

One can also consider splitting of term insurance policies ie buying additional cover depending on the life stage.

Both term life and permanent life insurance policies can vary in cost depending on your insurance company.

The details vary depending on the type of policy you have and each individual life insurance company.

Depending on how you structure your policy, including different life insurance riders, will determine the living benefits you can access.

1Withdrawals from life insurance policies may be subject to fees, penalties, and income taxes depending on the specific life insurance policy and the policyholder's tax situation.

For other universal life insurance policies, your internal rate of return will depend on whether the policy is guaranteed universal life, indexed universal life or variable universal life.

Somewhere between term life and whole life is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife and whole life is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you choLife Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife policies, depending on the type of universal life policy you cholife policy you choose.

Of course, your final premium will depend on your personal details, but this example does go to show that the price of a term life insurance policy is in line with many other low monthly expenses you might incur.

You can typically expect to pay between $ 100 and $ 250 per year on average, depending on where you live and the coverage amount you carry on the insurance policy.

Whether or not we define life insurance as an asset will depend on what type of policy we are referring to.

The truth is, any insurance company with good financial ratings and customer service has the potential to offer «the best» life insurance policy for a particular individual — because «the best» depends heavily on each person's circumstances.

«Depending on the policy and the insurer, the child will be permitted at eighteen years of age or the legal age of consent in their state to purchase an additional $ 25,000 of life insurance, irrespective of his or her health.

One example is that, depending on your policy design, the death benefit for life insurance may continue to grow as you age.

The payment flexibility you have available with a North American Universal Life policy varies depending on the face amount and its cash value, so you should talk to an insurance agent to understand exactly how flexible your policy can be.

For example, flood insurance and earthquake insurance are both separate types of policies, which may be desirable depending on where you live.

Life insurance cash value is accessible to the policy owner in various ways, depending on the policy.

Whether or not the cash value investment aspect or loan aspect of a whole life insurance policy is important depends on spending habits, investment goals, and lifestyle decisions.

This can include any source of wealth including real estate and life insurance policies (depending on how they are written).

The amount, type of insurance and the duration of your life insurance policy will depend on your family situation, your financial goals and your health.

Depending on your unique situation, this article provides options to make sure that you become matched with the type of life insurance that meets your needs, whether that's term life insurance, whole life insurance or a combination of policies.