Sentences with phrase «insurance life insurance purchased»

Key Executive / Person Insurance Life insurance purchased by a business on a valuable employee (or owner - employee) to indemnify the business against the potential financial loss that would result in the event of that individual's death.

Not exact matches

Regardless of success or failure, Ryan is living his own truth by having the courage to do something bold, to step outside his own comfort zone - he has purchased his own regret insurance.

For a small additional fee, health insurance providers allow you to purchase a life insurance plan, either from them or from another company.

France's AXA says it will spend $ 15.3 billion on buying New York - listed insurer XL Group and speed up its plans to spin off its American life insurance business — the IPO would give it $ 6 billion to help fund the XL purchase, with the rest coming in the form of cash and debt issuance.

You will also need the more costly cash value policy if you purchase life insurance for the purpose of leaving a charitable legacy, Simmonds said.

Parents of a disabled child who will need ongoing support such as medical care or assisted living, however, will need to purchase cash - value insurance, advised James Hunt, a life actuary for the Consumer Federation of America and founder of website Evaluatelifeinsurance.org.

Although MDY's owners each have nearly $ 1 million worth of life insurance for their family's protection, financial adviser Adams urged them to purchase an equivalent level of key - man coverage for the company.

«First, purchase an investment - oriented life - insurance policy with funds from your qualified pension or profit - sharing plan,» says Cohen.

As the shareholder whose children are in the business, you purchase the life insurance that originally supported the buy - sell agreement and put it into an irrevocable life - insurance trust.

Today, people expect that same rarified service from every purchasing experience, whether the product is the latest fashion attire — or life insurance.

The Centers for Medicare and Medicaid Services (CMS) has issued new rules that will make it more difficult for consumers to purchase insurance on Obamacare's marketplaces outside of its set enrollment period (Obamacare allows «special» enrollment periods for people who have experienced a major life event).

But while the total number of U.S. life insurance policies — bought by both private citizens and employers — is shrinking, standard life plans are still among the most popular form of coverage purchased.

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

Similarly, if you have a participating whole life insurance policy from a mutual insurer, you can also use any dividends you receive to purchase paid - up additions.

For example, a young, high - income parent may get whole life insurance since they would have lower annual premiums by purchasing early when they're healthy.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

AD&D insurance can be purchased as a standalone policy or as a rider to another life insurance policy, such as term life insurance.

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

But if you're self - insuring by purchasing a health plan on the health insurance marketplace you could be looking at monthly costs in excess of $ 400 depending on where you live.

And you can purchase term life insurance coverage for a term of up to 35 years.

Before purchasing a variable universal life insurance policy, you should carefully consider the investment objectives, risks, charges, and expenses of the policy and its underlying investment choices.

Life expectancy and retirement aside, if you're purchasing a life insurance policy to protect a specific interest — such as a business loan or mortgage — you may also need to think about the potential duration of that need when considering your optiLife expectancy and retirement aside, if you're purchasing a life insurance policy to protect a specific interest — such as a business loan or mortgage — you may also need to think about the potential duration of that need when considering your optilife insurance policy to protect a specific interest — such as a business loan or mortgage — you may also need to think about the potential duration of that need when considering your options.

With term life insurance, however, the policy is purchase for a set period of time.

With term life insurance, you will be purchasing just the pure death benefit protection only.

Mortgage default insurance for buyers who are purchasing properties for immediate family members to live in with as little as a 5 % down payment.

The decision to purchase life insurance should be based on long - term financial goals and the need for a death benefit.

A life insurance trust is a trust that has the power to purchase life insurance policies on the person who establishes the trust (the grantor), the grantor's spouse, or the trust...

In very rare instances, companies offer their employees an option under their retirement plan to purchase life insurance.

Mortgage life insurance quotes are more expensive for healthy homeowners because most policies don't require you to get a medical exam prior to purchase.

Once you buy a home, expect offers to purchase mortgage life insurance.

Annual renewable term life insurance (ART) is a type of term life insurance policy that allows you to purchase one year of coverage at a time.

We recommend that you don't purchase credit life insurance and, if you're concerned about debts being passed on, purchase a term life insurance policy instead.

Whole life insurance policies are generally more expensive than alternatives, such as term life insurance, and the death benefit directly impacts that cost, so it's important to evaluate your family's needs before deciding to purchase.

One of the key differences to understand is that while you can purchase much more term life insurance than permanent insurance for your money, if you don't die during the term, your favorite charity won't receive any death benefit.

A whole life insurance policy may be purchased to supplement term life insurance to cover final expenses, protect a special needs child, or to provide tax advantages for large estates.

Though there are some cases in which a lender can require you to provide proof of life insurance in order to secure a loan, they can not mandate that you purchase coverage through them.

When most people call in to Quotacy to ask about purchasing permanent life insurance, they are initially looking for a 6 - figure face amount (like term plans offer) to cover their entire life.

If you'd like to purchase a permanent life insurance plan, our advisors can help you make the right decision for your family.

It may seem odd to pay taxes on coverage that you've already paid for, but this rule is meant to account for cases in which you receive a discounted rate by purchasing group life insurance.

For example, if you have a 30 - year mortgage for $ 300,000, you can purchase a term life insurance policy with a matching death benefit and term length.

It found that 56 percent of owners living in a special flood hazard area don't take steps — besides purchasing basic flood insurance — to protect their property.

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).

You could purchase an online life insurance policy — a permanent (whole life) insurance policy.

«A better alternative may be to purchase a permanent life insurance policy that accrues a cash value,» he explained.

Millennials are most likely to want to meet with a financial professional before purchasing life insurance (73 percent), compared with Gen X (64 percent) and Boomers (69 percent).

Almost half of respondents that had sought life insurance information or attempted to purchase life insurance online indicate they also used insurance comparison / quoting sites as part of the research process.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

The riders available for a particular policy change by insurer, so if you'd like to customize your coverage using them, you'll want to check what exactly is available before you purchase the life insurance.