Sentences with phrase «life insures over»

Founded in 1996, today 5Star Life insures over 800,000 lives with $ 41.8 B insurance in force.

Staggered payment, whereby, 20 % of «Sum Assured on Death» is received at the time of claim settlement, with the balance being received as an Annual income, expressed as a fixed percentage of the Sum Assured on Death, on each death anniversary of the life insured over the chosen payout term.

Not exact matches

This sets them apart from term life policies, which offer coverage that is designed to insure your income earning years and end naturally when the term is over.

SAVINGS OVER THE LIFE OF THE LOAN With private mortgage insurance that may cost less over time — may be eligible to be canceled once 20 % home equity is reached, unlike mortgage insurance on government - insured loOVER THE LIFE OF THE LOAN With private mortgage insurance that may cost less over time — may be eligible to be canceled once 20 % home equity is reached, unlike mortgage insurance on government - insured loover time — may be eligible to be canceled once 20 % home equity is reached, unlike mortgage insurance on government - insured loans.

Life insurance proceeds, which were paid to you because of the insured person's death, are generally not taxable unless the policy was turned over to you for a price.

Assuming the same $ 150 a year price, and disregarding the other coverage such as personal property that comes with the policy, now you would have to live over 665 years in order to come out ahead by self - insuring.

Life insurance companies use classifications to determine how risky you are for them to insure — what are the chances that you'll die over the course of your policy?

The cost of insurance over decades of potentially increasing premiums, all the while ensuring the insurance policy is large enough to cover the income tax liability, is problematic (alternatively one can wait until later in life to insure and take a chance on whether they can still obtain insurance).

This payout is made over and above the Monthly Income payouts made before the death of the Life Insured.

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

Prior to the ending of the level term period, however, or to the attainment of age 70 — whichever is earlier — the insured is allowed to convert the policy over to a permanent life insurance policy that Lincoln makes available.

At any time until the insured reaches age 70, he or she may be able to convert their term insurance policy over into either a whole life or a universal life insurance policy without having to take a paramedical exam.

In general, life insurance companies that know an insured has passed, but can not locate the beneficiaries of the policy, are required to turn over the benefits of the policy to the state's unclaimed property office if the benefits are not claimed after a certain number of years.

This sets them apart from term life policies, which offer coverage that is designed to insure your income earning years and end naturally when the term is over.

Permanent life insurance policies can include provisions, sometimes referred to as «riders,» that allow the insured to essentially increase his or her coverage over their lifetime.

These policies may be able to be converted over into a permanent life insurance policy so that the insured has lifetime coverage (provided that the premium continues to be paid).

Most life insurance companies fall all over themselves trying to insure a healthy woman in her 30's for a 30 - year term.

With this policy, the policy owner does have the option of converting the term life insurance policy over to a new permanent life insurance certificate — without having to prove evidence of his or her insurability — until the earlier of the certificate anniversary on which the insured is age 65, or 5 years prior to the end of the initial term period.

Insure yourself for 20 - 30 years, and over that time, build your assets so that at the end of the life insurance policy, your heirs will not need the insurance.

These can help an insured to essentially «customize» his or her life insurance coverage to better meet their individual needs — and to also update their coverage over time, like their life, and their needs may change.

Many of the term life insurance policies that are offered through Mass Mutual can be transformed over into permanent life insurance plans, typically without the insured having to take a medical exam or prove insurability.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

Also, the insured may also wish to take advantage of the conversion option, which can allow him or her to convert the term policy over into a permanent form of life insurance coverage.

Converting a term policy over into a permanent form of coverage can allow an insured to obtain life insurance protection for life — regardless of future age increases and the possibility of contracting an adverse health condition.

Finally, your planner may go over the legal components of your plan, such as your power of attorney documents and wills to see if they need updating, and review your insurance (life and home) to make sure you're not over - or under - insured.

Lloyds of London has made many people a good living over the years by allowing the wealthy to insure various propositions — in effect wagering.

A movement based on the above principles could protect millions of acres of wilderness more stringently than could any congressional act, could insure the propagation of the Grizzly and other threatened life forms better than could an army of game wardens, and could lead to the retreat of industrial civilization from large areas of forest, mountain, desert, prairie, seashore, swamp, tundra, and woodland that are better suited to the maintenance of native diversity than to the production of raw materials for over consumptive technological human society.

A See Through Trust insures that the required minimum distributions can either remain inside the trust (an «accumulation trust»), or be paid out over the oldest trust beneficiary's life expectancy (a «conduit trust»).

At issue was whether OCGA 33 -32-4 (a) authorizes the insurer to issue a credit life insurance policy which covers the total amount payable over the term of the loan or limits the policy's coverage to the principal amount financed by the insured.

Insured parties can expect to pay anywhere from 30 to 600 percent more over the life of their return of premium policy.

«Whole life,» as the name implies, lasts for the entire lifetime of the insured person instead of a set term, and grows in value over time to a final death benefit.

In total, Farmers Insurance insures more than 10 million households with over 20 million different insurance policies, including automobile, renters, business, and life insurance.

In universal life (UL), you apply the same calculations to the premium as you do in term, but instead of taking an average over 10, 20 or 30 years, you pay the average price to insure yourself to age 100.

Since they aren't guaranteed to pay out, term life products are substantially cheaper than whole life insurance products, which cover the insured over their full remaining lifespan.

Many insurers place restrictions on a final expense life insurance policy which require the insured to be at least 50 years of age and many policies are not available for buyers over 85 years or age.

If the child is eligible, at the end of the term period, the benefit may be able to be converted over into a qualified permanent life insurance policy, with a benefit that is up to 5 times the original amount of the term coverage — regardless of the child / insured's health.

This allows the insured to convert the term policy over into a permanent form of life insurance — such as whole life or universal life — at a future time.

Once the period of time has expired, however, the insured will need to either re-apply or convert over to a permanent life insurance policy (if applicable) if he or she wishes to remain covered.

Representing over 80 of the nation's highest rated and most respected life and disability insurance companies, MEG's primary areas of expertise include term life insurance, universal life, disability income insurance, in - force policy review, insuring tough health issues, business insurance including business succession and key man life and disability insurance, as well as estate planning.

Direct from the U.S. government: The Internal Revenue Service (IRS) states that life insurance proceeds paid to you because of the death of the insured are not taxable unless the policy was turned over to you for a price.

If any contract which is a life insurance contract under the applicable law does not meet the definition of life insurance contract under subsection (a), the excess of the amount paid by the reason of the death of the insured over the net surrender value of the contract shall be deemed to be paid under a life insurance contract for purposes of section 101 and subtitle B.

Most policies, though, have a revocable beneficiary designation, allowing the insured to control the policy and beneficiary designations over the life of the policy.

Life insurance companies use classifications to determine how risky you are for them to insure — what are the chances that you'll die over the course of your policy?

Critical Illness rider offers an additional sum assured over the base plan offering if the life insured is diagnosed with one of the critical illnesses mentioned in the rider.

Life insurance companies set life insurance rates by looking at how risky you are to insure — how likely you are to die over the course of your polLife insurance companies set life insurance rates by looking at how risky you are to insure — how likely you are to die over the course of your pollife insurance rates by looking at how risky you are to insure — how likely you are to die over the course of your policy.

While the premium for permanent life insurance may initially be higher than that of term life coverage, in most cases, the amount due will not increase over time — regardless of how long the insured keeps the policy.

Here, an insured may convert over to the ISP CHOICE plan — up to and including age 65, or alternatively, the insured can opt to convert to any of the other permanent life insurance policies offered through Foresters, such as Interest Sensitive Whole Llife insurance policies offered through Foresters, such as Interest Sensitive Whole LifeLife.

Another feature of flexible death benefit is the ability to choose option A or option B death benefits and to change those options over the course of the life of the insured.

Yes, you can find some life insurance companies who will insure people over 89, but you will have to be prepared to pay very high premiums for a very benefits - bereft policy package.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.