Sentences with phrase «if outliving»

If outliving your savings is a big fear, one relatively new option to make your money last in retirement has become more widely available — a qualified longevity annuity contract, or QLAC.

While this makes term life insurance significantly less expensive than permanent life insurance, it also means that you will not receive any benefit if you outlive the policy.

«I personally need $ 600,000 to retire plus a $ 100,000 safety buffer if I outlive my retirement funds for two to four years.

If you outlive the policy, you'll get refunded your paid premiums minus any loans plus interest.

If you outlive the policy, you are refunded all the premiums you paid tax - free.

If you outlive the policy, you can use the refunded premiums to pay off the mortgage early.

Return of premium term life insurance (ROP) is a term insurance policy where the insurance carrier will return to you all the premiums you have paid, if you outlive your policy's term length.

If you outlive this policy, you are still around to provide for your loved ones, but you do not receive any money in return.

If they both outlive their policies, not only can they celebrate being alive, they each receive a refund of all premiums paid.

If you outlive your policy terms, some providers will return all or some your paid premiums, or offer to change your policy to a whole life plan.

Return of premium life insurance can be a great way to make sure you have insurance in place for your family in the event the worst happens, and can also fund a nice windfall if you outlive the policy, but an ROP is not for everyone.

It is basically a term life policy with a rider attached that returns all of your premiums to you if you outlive the term.

His premium is twice as much at $ 1,200 a year, so over the course of the policy he forks out $ 36,000, but all of that money comes back to him if he outlives the policy.

Premiums can be high and you could earn a better return in the stock market, but ROP policies offer a full death benefit as well as the possibility of a cash windfall if you outlive the term.

He ends up paying $ 18,000 over the course of the policy and gets zero back if he outlives his policy.

With the other types of guaranteed universal life you risk the policy expiring before you die if you outlive the coverage end date.

ROP policies offer you a chance to hedge your bets, providing insurance protection for your loved ones during the term of the policy, while providing you with the ability to regain the money spent on insurance premiums if you outlive the policy payment period.

* A return of premium policy is similar to a traditional level term policy, but you'll get back all the policy premiums you've paid if you outlive the length of your term.

However, you will have to renew or find a new policy if you outlive your term life insurance and your premiums will almost certainly increase because you will be older.

Even though the tontine in England in 1693 paid only 8 % and a life annuity paid 14 %, the promise of a bigger payoff if you outlived everyone else still caused some to choose the tontine, since like a lottery someone had to win.

If they both outlive their policies, not only can they celebrate being alive, they each receive a refund of all premiums paid.

If you outlive the policy, you'll get refunded your paid premiums minus any loans plus interest.

If you outlive the policy, the refunded premiums can go toward paying off student loans.

If you outlive this policy, you are still around to provide for your loved ones, but you do not receive any money in return.

If you outlive the policy, the refunded premiums can be used to remodel the house.

Because it comes with a «money back guarantee» if you outlive the policy, it's more expensive than typical term life insurance.

If you outlive your term life insurance policy and want to renew, your costs could increase because you are now older and at an increased risk of dying.

If you outlive the annuity so what.

Offers you a money - back guarantee on your term life insurance: If you outlive the policy, the premiums you have paid over the life of the policy will be returned to you.

But if you outlive your policy's term of coverage, you and your beneficiaries may receive nothing.

A return of premium life insurance policy allows you to recoup some or even all of the premiums you paid into your policy if you outlive your policy's term.

What happens if you outlive your term life insurance policy but you still need coverage?

But it does come with a caveat: such policies, by design, provide coverage for a limited period of time, leaving your heirs with no death benefit if you outlive the policy.

These could be extras such as waiving premiums if you're disabled for a certain period of time, converting a term policy to a permanent policy, returning paid premiums if you outlive your policy's term, or, as we'll talk about here, receiving death benefits early.

But term life has a fixed expiration date and if you outlive the policy purchasing another one could be costlier because of your age.

Return of premium term life insurance (ROP) is a term insurance policy where the insurance carrier will return to you all the premiums you have paid, if you outlive your policy's term length.

If you outlive the guarantee period, nothing goes to your beneficiary.

What happens to your pets if they outlive you, or you physically become unable care for them?

What will happen to your pet if they outlive you?

This will go a long way to ensuring that a person's beloved companion pet will not be neglected or euthanized if they outlive their owner.

Furever Loved ™ ensures that your pet will be safe, loved, and cared for by Young at Heart should you become seriously ill or if they outlive you.

Get Money Back: The biggest attraction to having a return of investment term policy is that the money you put in over the years is money that you will receive in return if you outlive the term of the policy itself.

This ensures that if you outlive the term of the policy itself, all the money that was invested will be returned to you.

If you outlive the coverage or if you cancel the policy, you don't get any money back.

This policy allows policyholders to have their premiums returned to them if they outlive their coverage term, and also allows them to access cash value during the life of the policy.

This means every penny you paid in can be returned back to you if you outlive the policy.

If you outlive the term, the policy comes to an end and you lose the protection.

However, once the term is over, all of the money you paid in premiums is gone (unless you have a policy that promises a partial return of premium if you outlive the policy).

If you outlive your policy — great!

These plans return all your premiums after the term period expires if you outlive the policy.