Sentences with phrase «permanent life insurance policies remain»

Permanent life insurance policies remain in force for the rest of your life, as long as you continue paying your premiums.

A permanent life insurance policy remains in place until the insured individual dies, if the policy is still in good standing.

A permanent life insurance policy remains in effect for the life of the insured, with premium payments being made for the same period..

As long as premium payments are made on time the permanent life insurance policy remains in effect.

Not exact matches

Unlike permanent life insurance policies which remain in effect for your entire life (assuming your premiums are paid on time), term life policies remain in effect for a specific term or period of time.

And while term insurance is sold for specific periods of time, typically anywhere from 5 to 30 years, a cash value insurance policy is usually considered to be a permanent life insurance policy, as these products are designed to remain in force for your entire life.

Permanent life insurance is life insurance that covers the remaining lifetime of the policy holder.

Legislation allows investments within permanent life insurance policies to grow without any tax consequences, as long as it remains under the maximum tax - exempt amount.

Converts the term life insurance policy to a permanent life insurance policy that remains in effect even after the term has ended.

Guaranteed universal life insurance definition: a type of permanent life insurance that offers a guaranteed no lapse rider guaranteeing the policy remains in force even if the cash value drops to zero.

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.

Generally, whole life, universal life and variable life insurance policies are considered permanent life insurance policies because they remain in force until you stop paying the premiums or pass away.

As long as you continue to make your required premium payments on time, a permanent life insurance policy will remain in effect your whole life and won't expire.

Whole life insurance: The most common type of permanent life insurance, in which premiums generally remain constant over the life of the policy and must be paid periodically in the amount specified in the policy.

Because Universal life is a form of permanent life insurance coverage, these policies will remain in force for the insured's lifetime, provided that the premium continues to be paid.

If you have a permanent life insurance policy (like whole or universal), your policy will remain in force as long as you continue to pay the premiums on time and in full.

The first thing you'll need to decide is if you want a policy that remains in effect for your lifetime (permanent life insurance) or one that, after a period of time, expires (term life insurance).

With most permanent life insurance policies, your premiums remain at the same rate for life.

However, the premium amount due on a permanent policy will remain the same over time, while the term life insurance premiums can go up significantly each time you * renew.

But regular whole (permanent) life insurance plans offer premiums that remain the same throughout the life of your policy.

Variable life insurance is a type of permanent life insurance policy, meaning coverage will remain in place for your lifetime so long as premiums are paid.

As long as the premium is paid, a permanent life insurance policy will typically remain in force for the remainder of the insured's lifetime.

Many workers do indeed have financial needs that remain steady over time, and a permanent life insurance policy can be a great choice for those workers.

Because of the permanent coverage, the guarantees, tax - deferred growth and liquidity these policies offer, whole life insurance has remained extremely popular over many years.

And while term insurance is sold for specific periods of time, typically anywhere from 5 to 30 years, a cash value insurance policy is usually considered to be a permanent life insurance policy, as these products are designed to remain in force for your entire life.

Therefore, if the policyholder wishes to remain covered with life insurance, he or she will either need to purchase a new policy, or they will have had to convert their term policy over to a permanent type of insurance.

Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy.

Earnings on a permanent life insurance policy's cash value are not taxed as long as the policy remains in force.

On the other hand, it may also refer to the option to use a permanent life insurance policy's accumulated cash value to pay the remaining premiums on it.

These term life policies, whether level term or decreasing term, can be converted to permanent life insurance while they remain in force.

As long as you're under the age of 70, the convertible term life insurance policy can be converted into a permanent option and the premiums will remain the same from the first day to the last.

With the first permanent solution from Horace Mann, this whole life insurance policy builds cash value, premiums will remain the same from the first day to the last, and your policy can never be canceled so long as you keep paying the premiums as expected.

Permanent Life insurance policies such as Whole Life remain in effect as long as you live and make the required payments.

Permanent Life Insurance This type of life insurance policy remains in force until the maturity of the policy or the last pay - out has been pLife Insurance This type of life insurance policy remains in force until the maturity of the policy or the last pay - out has bInsurance This type of life insurance policy remains in force until the maturity of the policy or the last pay - out has been plife insurance policy remains in force until the maturity of the policy or the last pay - out has binsurance policy remains in force until the maturity of the policy or the last pay - out has been paid.

Permanent — Offers lifetime life insurance with premiums that remain the same each year, and it builds cash value inside the policy over time from which you can take a loan, if needed.

Regardless, it is a permanent no exam life insurance policy that will remain in place after installed for a single user.

Unlike term policies, permanent life insurance policies will remain in effect for as long as you continue to make payments on your premiums.