Sentences with phrase «life insurance purchases usually»

Life insurance purchases usually follow a similar path.

Not exact matches

While key employee life insurance is usually purchased for high - earners, you should note that the face value of the policy is often limited to a multiple of the insured's income, such as 10X.

Second - to - die life insurance, also called last - to - die or survivorship life insurance, is usually purchased in order to leave children an inheritance or cover estate taxes they might face.

To pay the financial obligations owed to an injured party, a defendant — or more usually, his or her casualty insurance carrier — will purchase one or more annuities from a life insurance company, or delegate its periodic payment obligations to a third party, which in turn would purchase a qualified funding asset — either an annuity or a government bond.

This issue is usually alleviated by purchasing life insurance to cover funeral expenses, as well as other debts of the decedent.

Plus, from a cost perspective the younger you are when you purchase life insurance (usually) the better of a price you can lock in on term coverage.

Optional riders that customize a policy to fit individual needs usually carry an additional charge and are only available through the purchase of variable universal life insurance products.

Term Life insurance, as the name implies, is life insurance that you purchase for a specific length of time, usually 5,10 or 20 yeLife insurance, as the name implies, is life insurance that you purchase for a specific length of time, usually 5,10 or 20 yelife insurance that you purchase for a specific length of time, usually 5,10 or 20 years.

Usually, the older the child gets, the fewer dates the policy owner has to purchase more life insurance under the rider.

This form of life insurance though is not usually purchased for its cash value.

For the most part, experts usually discourage people from purchasing whole life insurance.

With the purchase of a permanent life insurance policy, usually a guaranteed universal life, the couple has the benefits of this policy.

But since the costs of insurance and rate of interest the cash value may earn are both variable, universal life is usually purchased and premiums are determined by «illustrating» these variables to see how the policy will perform.

This may seem counterintuitive at first, but life insurance, like most things, is usually a better value when purchased in bulk.

We've been very impressed with their easy application process and ability to even give people with health complications the ability to purchase no exam life insurance that's usually reserved for the healthier risks.

When you purchase life insurance, you usually have the option to add one or several riders to your policy.

Although you will want the best possible level of cover available, usually senior citizens who are looking to purchase this type of final expense life insurance are getting a fixed monthly income, such as a pension.

Mortgage life insurance is usually a decreasing policy and is set up by your bank — although some companies allow you to purchase it yourself.

You usually purchase life insurance on yourself to financially protect your loved ones in the event of your death.

A Convertible Term insurance is usually purchased in the earlier years of life that could provide a good foundation to start with that would build up cash value and earn interest.

Usually, the older the child gets, the fewer dates the policy owner has to purchase more life insurance under the rider.

This issue is usually alleviated by purchasing life insurance to cover funeral expenses, as well as other debts of the decedent.

Optional riders that customize a policy to fit individual needs usually carry an additional charge and are only available through the purchase of a variable universal life insurance product.

If term policy is purchased they usually opt for a 10 year or 20 year term life insurance policy.

When you purchase life insurance, there are usually a standard set of classes that will determine how much you pay:

Pre-need life insurance policies are limited premium payment, whole life policies that are usually purchased by older applicants, though they are available to everyone.

Term life insurance is usually purchased to match the obligation or need, both in coverage amount and duration.

Term life insurance is least expensive and is typically purchased for a set amount of time — usually 20 or 30 years.

If you purchase your life insurance coverage when you're young, you can usually acquire a policy at a must lower rate than if you wait to buy it after an illness or old age takes hold.

One good tip when purchasing liability insurance is to forego personal injury protection, since these costs will usually be covered by your health, life, and disability insurance.

For many, the purchase of a life insurance policy can be fairly simple, entailing the completion of an application for coverage (which asks about the applicant's health condition and other key factors), as well as the taking of a medical examination where a blood and urine sample are usually required.

Paid up additions are usually allowed to be purchased via a rider, or endorsement to the whole life insurance policy that allows this.

Since life insurance is usually least expensive when you're young, young adults can purchase whole life insurance now so that it helps provide the insurance protection that they may need later in life.

Optional riders that customize a policy to fit individual needs usually carry an additional charge and are only available through the purchase of variable universal life insurance products.

While life insurance is usually bought to replace the holder's salary upon death to make sure dependents are taken care of, dependent life insurance is typically purchased to cover funeral and other expenses incurred because of the death of a spouse or children.

Since no exam life insurance is usually more costly than traditional forms of life insurance, it is generally reserved for those who have a significant fear of doctors or who have a medical condition that would make it otherwise impossible to purchase life insurance.

Unlike many of the other types of no medical exam life insurance coverage, the amount of death benefit that can be purchased on a simplified issue policy can usually be as high as $ 400,000.

People who purchase permanent life insurance usually do so because of the investment and savings components they can build into it.

Since term life insurance policies are only for a specific number of years — usually 10, 15, 20, 25, or 30 years — and most people purchase them between age 30 and 60, it would seem like coverage to age 100 would not only be uncommon, but near impossible to get.

However, there are some key differences and Universal life insurance is usually not purchased by seniors.

Every situation is different, but usually, you wouldn't want to drop your life insurance, especially when disabled, since it is likely that whatever is keeping you from working will prevent you from purchasing another policy in the near term.

A life insurance policy (preferably term life) is purchased on one of the spouses, typically the husband, as statistically they usually die first.

I'm glad you said that the guaranteed universal life insurance policy is usually purchased by seniors because the term outlasts your life.

This is usually where the problem begins and ends for most people and these people I am referring to actually get so confused the give up and do not purchase any life insurance what so ever.

Term life insurance is usually purchased for 10, 15, 20 or 30 year term periods and whole life insurance is purchased for your entire lifetime.

That's why it's usually better to buy life insurance as soon as you identify a need for it and not postpone your purchase, because as the risk goes up, so do your premiums.

Term life insurance is usually purchased for 1, 15, 20 or 30 years..

Term Life insurance is purchased in blocks of time (the term) which is usually 10, 20, or 30 year periods.

In general, life insurance policies are purchased by you and maintained by you, and they usually build cash value that you can even borrow against at some point during your life.

It is important to note, however, that because the applicants who purchase no exam life insurance are often considered to be a higher risk to the insurance company due to their age and / or health, the premium that is charged for this coverage is usually higher than the cost of a comparable plan that has medical underwriting.