Sentences with phrase «guaranteed life policy owner»

The only condition for becoming a Guaranteed Life policy owner is that you are between 50 and 80 years old.

Not exact matches

Homeowners» Insurance: Required for all mortgage loans, protects the home from damage and theft Owner's Title Insurance: Optional policy ensuring the title will not be subject to a claim of ownership, lien or other encumbrance Private Mortgage Insurance (PMI): Required by most lenders when the down payment is less than 20 % Federal Housing Administration (FHA) Mortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of disability

Provides a guaranteed stream of income for a period of time selected by the policy owner (often for life)

That's why more and more universal life insurance policy owners are choosing to opt for a plan with a «Secondary Guarantee,» (also known as a No - Lapse Guarantee).

Whole life insurance combines a level premium with guaranteed cash values which the policy owner may use to meet a variety of financial goals.3 Whole life insurance policies may also produce excess credits, which may be used to purchase additional paid - up life insurance, potentially increasing the available death benefit.

Whole life policies generally guarantee the owner a modest minimum interest rate, which is usually comparable to prevailing CD or money market rates.

With permanent life insurance coverage, though, as long as you don't let your policy lapse, your premiums are guaranteed not to increase for the rest of the owner's life.

With both life insurance and key man life, there is a policy owner who makes premium payments to a life insurance company for the guarantee a specified amount of money, referred to as the death benefit, will be payable to the beneficiary.

If a covered business owner dies, a life insurance policy can guarantee that the liquid funds will be available to fulfill the terms of the agreement.

Universal life insurance can be advantageous for individuals and for business owners, as it offers guaranteed cash value, as well as the ability to get policy loans with tax free income potential.

Guaranteed Insurability Rider DEFINITION: an optional rider attached to permanent life insurance policies that allows the owner to elect to purchase additional life insurance death benefit coverage periodically at certain attained ages, or alternatively, upon certain special occasions such as marriage and the birth of a child.

The additional coverage provided by some disability riders, and the option to purchase additional life insurance at the same health rating as the original policy provided by the guaranteed insurability rider has significantly improved policy owners peace of mind and quality of life.

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.

The guaranteed insurability rider gives the owner of a life insurance contract the opportunity to add death benefit coverage to the policy at certain points in the insured person's life.

In addition to the guaranteed rate of growth, the component that really hastens the growth of the cash value account investment is dividend payments from the life insurance company to the policy owner.

Whole life insurance is guaranteed to provide coverage for the policy owner for their entire lifetime, as long as they make the required payments on time.

This means that at the end of the guaranteed period, the owner of the contract has the option to convert the life insurance coverage to a permanent whole life policy.

Like all life insurance policies, guaranteed issue life insurance pays out to beneficiaries when the policy owner dies.

Guaranteed renewability is an important policy feature for any prospective owner or insured to consider because it allows the insured to acquire life insurance even if they become un-insurable.

Accelerated Death Benefit Accidental Death and Dismemberment Actuary Annuity Application Beneficiary Cash Value Coverage Death Benefit Endowment Life Insurance Extended Term Life Insurance Option Face Amount Guaranteed Acceptance Life Insurance Health Class Insurance Agent Insurance Broker Life Insurance Life Insurance Policy Medical Exam Mortgage Insurance No Medical Exam Life Insurance Permanent Life Insurance Policy Owner Premium Return of Premium Life Insurance Second to Die Life Insurance Survivorship Life Insurance Term Life Insurance Uninsurable Universal Life Insurance Variable Life Insurance Whole Life Insurance

Unlike regular term policies, return of premium term life insurance rewards you for keeping the policy by giving a guaranteed return of your total cumulative premium paid on the policy during the level term period, not including substandard (extra charges for health) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the policy owner at the end of the level term period if the policy is then in force.

It is highly beneficial to long lasting elderly life insurance over 80 policy owners since the amount they guarantee does not decrease the value of with prices of increasing prices.

Assuming that the owner of a lasting life continuously makes top quality expenses regularly and promptly, the plan guarantees a payment when the policy - holder dies.

Getting out an over 50 life Insurance policy plan in the UK guarantees that the approach owner's kids will be well obtained care of in the occasion of the owner's death.