Sentences with phrase «life of loan coverage»

Not exact matches

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.

Term policies are the cheapest form of life insurance coverage and can be tailored to the size of your debts, such as mortgages or auto loans.

When the world last saw Woods, courtesy of Golf Channel's live coverage of the Quicken Loans National media day, he rinsed three consecutive balls using a wedge from the 100 - yard 10th tee at Congressional Country Club.

Whether you want to get rid of your coverage and cash out your life insurance or simply take out a loan, there's a variety of ways to take advantage of your policy's cash value.

When the size of the loan exceeds your policy's cash value, the life insurance policy will lapse, meaning you lose your coverage.

Decreasing term life insurance may be more appropriate if you're in the process of paying back loans and want coverage to make sure these wouldn't be transferred to your dependents.

Term policies are the cheapest form of life insurance coverage and can be tailored to the size of your debts, such as mortgages or auto loans.

The benefit of combining the two insurances into one policy is you get life insurance death benefit coverage, help with your long - term care services, cash value growth that can be accessed via policy loans, with full cash surrender value plus return of premium if necessary.

Credit life insurance and credit disability insurance are the most commonly offered forms of coverage and may be referred to differently depending upon the loan.

Term life insurance is the cheapest form of coverage, you can choose a death benefit that covers multiple loans or expenses, and you can choose your beneficiary.

Make sure you purchase enough life insurance coverage to cover the amount of the student loan debt.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

Get disability, critical illness and life coverage for your loan or line of credit to make sure your loved ones don't inherit your debt.2

On the other side of the spectrum, if you're a wife and mother of three young children and live in a home you and your husband took a $ 200,000 mortgage loan out on, then you're going to need much more coverage than the dog - owning college grad.

Term life and disability coverage could reduce, pay off or make the loan payments on your covered cPort loan in the event of your death or disability from a covered illness or injury.

Once your application for coverage is approved, your fixed monthly benefit amount will not change for the life of your Mortgage Loan unless you cancel and reapply.

Group II — insurance coverage, i.e., medical, auto, life, renter's insurance (not payroll deducted); payment to child care providers — made to a business providing such services; school tuition; retail stores — department, furniture, appliance stores, specialty stores; rent to own — i.e., furniture, appliances; payment of that part of medical bills not covered by insurance; Internet / cell phone services; a documented 12 month history of saving by regular deposits (at least quarterly / non-payroll deducted / no NSF checks reflected), resulting in an increasing balance to the account; automobile leases, or a personal loan from an individual with repayment terms in writing and supported by cancelled checks to document the payments.

Several of the life insurance riders described above can provide you or your beneficiaries with extra coverage so that the student loan can still be paid if you die unexpectedly, or if you become critically ill or disabled and can no longer earn an income.

Term life insurance offers coverage that can be used for anything, including funeral expenses, paying down a mortgage, car loan and credit cards, or to offset the loss of income into the family finances.

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.

Credit life insurance plans offer a maximum coverage of $ 220, 000 for mortgage loans, and up to $ 55,000 for other loans / debts.

That's why it is so important to have mortgage life insurance protection on your home, at the right amount of coverage — which would be the amount of your outstanding mortgage loan — how much you owe on the mortgage today.

Unless you own your home free and clear of loans or live in an apartment or condo on an upstairs floor, expect that you'll have to buy flood coverage.

So, if you need coverage quickly — such as for the approval of a loan or other similar purpose — then going with a no exam life insurance plan may be a good option for you.

Term life is great for those who can discern how long they need the coverage for, such as for the household's primary income earner while the kids are young, or life insurance for SBA loans, or to meet the requirements of a divorce settlement.

So, if you are in need of life insurance coverage quickly as a provision for a loan or other similar situation, this type of coverage may be a good solution.

Also, if you hate needles and / or need coverage asap, for things such as life insurance to secure a small business loan or to meet the requirements of a divorce settlement, consider going with a top no exam company.

This should be reason enough for an insurance company to approve you purchasing life insurance (coverage totaling the amount of the mortgage loan) with your mother as the insured.

If you named the lender as the beneficiary, the lender would receive the entire death benefit even though you've paid down the balance and if you did that, the life insurance company wouldn't issue you the amount of coverage needed — they'll typically only issue 80 % of the loan amount.

The amount of coverage you need should be enough not only to live on but also to pay for bills and loans, and it should leave you with enough funds left over should you lose your job while disabled.

You may have a business loan that requires that you have life insurance in order to fulfill the loan, and you need to get coverage in a matter of days.

On the other side of the spectrum, if you're a wife and mother of three young children and live in a home you and your husband took a $ 200,000 mortgage loan out on, then you're going to need much more coverage than the dog - owning college grad.

Also, if you have financed your vehicle, your lender may require you to carry collision and comprehensive coverage for the life of your loan.

Whether you want to get rid of your coverage and cash out your life insurance or simply take out a loan, there's a variety of ways to take advantage of your policy's cash value.

You can purchase more coverage with term life, which is beneficially when covering a large mortgage on your home, protecting the primary wage earner of the household, key person life insurance, or covering a small business loan.

Affordable coverage for your entire life Level, fixed premium rates that will never change Building of cash value on a tax - deferred basis Access to policy's loan value1 through policy loans and withdrawals, if needed An option as part of your estate planning / funeral expenses The comfort that comes from knowing that you have secured the future for those counting on you

This policy, a traditional Micro Group Insurance Term Plan, will provide coverage to various types of micro loans... along with providing Life Insurance cover

The only time you may be obligated to carry this insurance coverage is if you have financed your Sea - Doo and your lender requires a comprehensive insurance policy for the life of the loan.

Whole life insurance offers guaranteed lifetime coverage, with the added bonus of accumulating «cash value», which may be accessed as a tax free loan.

If you think your family needs more insurance coverage to pay off debts, or you have business loans that will need to be paid for or any number of reasons that you need $ 2.5 million life insurance, it's vital that you get the coverage that you deserve.

Another group of people that should take advantage of no exam life insurance is anyone that is looking to secure life insurance quickly to satisfy a loan, or doesn't want to go a month without coverage.

Bajaj Allianz Life targeted the low - income market with the launch of a micro insurance product that allows customers to choose between fixed and flexible loan tenure coverage, an exclusive feature of the plan is that the policy term ranges from as less as 6 months to 120 months, with option of single life and joint life coveLife targeted the low - income market with the launch of a micro insurance product that allows customers to choose between fixed and flexible loan tenure coverage, an exclusive feature of the plan is that the policy term ranges from as less as 6 months to 120 months, with option of single life and joint life covelife and joint life covelife coverage

Some insurers offer up to $ 1,000,000 of mortgage term life insurance providing coverage for up to 30 years to match the duration of your loan.

We've had individuals that have needed to get life insurance coverage, either to secure a loan for a business, to satisfy the collateral assignment of a life insurance policy, to honor a divorce decree or, as mentioned above, just can't stand the thought of getting their blood drawn.

But life insurance from insurance brokers and agents offer the same level of coverage even after you have repaid your loan.

The amount of life insurance coverage needed will depend on several different factors such as the number of dependents and their basic needs, the lifestyle you wish for your family to enjoy, the amount of loans you have, children's education expenses, etc..

For consumers who do not like the idea of «throwing away» money on term coverage, permanent whole life insurance offers an alternative because the accumulated cash value can be withdrawn or used as collateral for a low - interest loan.

In a life insurance policy, the cash value is the amount of money — before adjustment for factors such as policy loans or late premiums — that the policyowner will receive if s / he allows the policy to lapse or cancels the coverage and surrenders the policy to the insurance company.

Funds in an indexed universal life policy can later be withdrawn, taken out as loans, used as collateral, or can help cover the costs of maintaining the insurance coverage.2

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.