Sentences with phrase «person life insurance example»

Key Person Life Insurance Example 4.

Not exact matches

For example, whether and how to include the value of your pension or whole life insurance policy might vary from person to person.

Life insurance companies routinely request HIV tests from anyone who wants an unusually high level of cover, for example above # 250 000, and from people they consider to be at high risk.

For example, term life insurance is a good choice for people that have started a family and need to consider paying for college, have amortized loans, or have a specific financial burden that will decrease over time.

For people who live in areas that experience a lot of thefts, like college towns for example, renters insurance should be a must.

Take life insurance as an example: you pay for a policy, and if you die during the term then that money (the death benefit) goes to the person you named as your beneficiary on the policy.

For example, if a person's health declines, he or she may no longer qualify for renewable term and a permanent life insurance may be needed.

For example, if you are actively serving in the military, you can not be insured by Haven Life (still a great company for many other people), but you may get an excellent term life insurance policy from PrudentLife (still a great company for many other people), but you may get an excellent term life insurance policy from Prudentlife insurance policy from Prudential.

Here are some examples of people who qualify as having insurable interest in you for life insurance purposes.

As an example, if a person has a $ 500,000 term life insurance policy, and a $ 250,000 whole life policy, and both policies are paid up, they have $ 750,000 in life insurance that is «in force.»

As examples, an heir is given money in a will by someone who has died; a person who is named to receive the moneys from a life insurance policy.

For example, people on low incomes are forced to live within the parameters of a legal regime that governs their social assistance or unemployment insurance payments.

For example, a client is the person who has the rights of ownership for a NYLIFE Securities account or the owner of a New York Life Insurance policy.

This example is really the «lay up» of reasoning for why life insurance is needed, four people depending on one persons income.

There are people who strongly believe whole or cash value life insurance is a good investment, but many independent financial writers disagree (see the example below).

For example - A person buys a 10 year term life insurance policy with $ 150,000 of protection.

For example, some people use the cash value to purchase paid up life insurance, which will provide a lower paid up death benefit based on how much paid up life insurance the cash value could purchase.

For example, because many people who purchase no medical exam life insurance are over age 50, it is likely that these applicants are riskier to a life insurance company — and because of that, the premium that is charged for no medical exam coverage is typically more than that of a comparable medically underwritten plan.

For example, the difference between the cost of life insurance for two people of the same age, when one is a smoker and one is a non-smoker, can be hundreds of dollars monthly.

For example, would a young person want a simple term policy or a complex whole life insurance policy?

For example, a person who wishes to cover certain debts like a mortgage often needs term life insurance, which provides insurance protection for a specified period of time.

One example is key person life insurance.

For example, life insurance companies may require higher premiums or deny coverage altogether to people who work in hazardous occupations or engage in dangerous sports.

For example, when a person applies for life insurance we may ask for permission to get information from

For example, I have a blog post detailing all of the reasons why people shouldn't buy whole life insurance and every now and then I get a life insurance agent who decides to leave a really nasty comment.

These examples are just a small sampling of how people may answer the question, «What is Life Insurance?»

Take life insurance as an example: you pay for a policy, and if you die during the term then that money (the death benefit) goes to the person you named as your beneficiary on the policy.

Many people are surprised by how (relatively) cheap auto insurance is in Alaska and Hawaii, for example — two states with some of the highest costs of living in America.

«We only sell term life insurance, for example, because we firmly believe it's the right solution for most people who need life insurance, even though we'd make a lot more money selling permanent life insurance,» he said.

An individual who has lost a limb and is working with physical therapy assistants to learn how to use a prosthetic replacement, for example, but is in good overall health otherwise, will be able to obtain a life insurance policy more easily than a person who is very severely limited in function and abilities.

For example, we have helped diabetics, people with multiple sclerosis, people with a history of cardiovascular disease or heart attack, heart murmurs, epilepsy, stroke, sleep apnea, asthma, history of cancer — including breast cancer and prostate cancer, liver enzyme elevations, and a host of other issues get approved for life insurance.

For example, life insurance is a must - have if you have kids or other people who depend on you financially.

Some people don't qualify for term life insurance because of their medical history or current poor health, and they aren't eligible for a group policy that doesn't require medical underwriting (employer life insurance may not require a medical exam, for example).

For example, for someone seeking life insurance, underwriters consider the person's age and financial history.

Term Life Insurance: Advertised Rate Examples for a 35 -, 40 - or 45 - year - old person having a $ 250,000, $ 500,000 or $ 750,000 are for 10 - year, 15 - year or 20 - year term life insurance policy are based on the policy information beLife Insurance: Advertised Rate Examples for a 35 -, 40 - or 45 - year - old person having a $ 250,000, $ 500,000 or $ 750,000 are for 10 - year, 15 - year or 20 - year term life insurance policy are based on the policy informatiInsurance: Advertised Rate Examples for a 35 -, 40 - or 45 - year - old person having a $ 250,000, $ 500,000 or $ 750,000 are for 10 - year, 15 - year or 20 - year term life insurance policy are based on the policy information belife insurance policy are based on the policy informatiinsurance policy are based on the policy information below.

For example, if a key person is currently 45 years old and the expected retirement for that employee is age 65, then 20 year term life insurance would be appropriate.

For example, with most ordinary life insurance policies, the policy owner and insured are the same person, and the beneficiary is usually a spouse or other family member.

For example, if a person is currently healthy, but various medical conditions run in their family history, then the individual may purchase a life insurance policy so that it is already in place prior to the possibility of contracting adverse health that may render him or her uninsurable in the future.

James Bond, your local deep sea welder, Wonder Woman, Formula 1 race car drivers, horse jockeys, police officers, and active military personnel share a common characteristic: they're perfect examples of people with professions that life insurance underwriters classify as high - risk jobs.

An example of an insurance product being sold by some company is a type of variable life insurance policy that allows the insured person to claim the insurance amount coverage at a fixed time in the future in the event that the person does not die in the stipulated time.

So, for example, if the death benefit of a life insurance policy that is owned by the insured has a death benefit of $ 500,000, then this amount will be included in the person's overall estate value when he or she dies.

It presents arguments that mutual funds and the stock market are not looking out for the consumer and takes the position that permanent life insurance is the best investment one can make, citing examples of people and companies who have used life insurance to their benefit and profit.

A Vermont life insurance quote, for example, often differs from one profession to the other, for people who have otherwise similar profiles.

As an example, if an applicant is a 30 - year - old with no health issues, doesn't participate in any risky hobbies, and has a steady job as a pre-school teacher, the life insurance company is going to assume that this person is far off from death.

For example, he says, «many people think that life insurance is too expensive or won't pay out.»

For example, term life insurance is a good choice for people that have started a family and need to consider paying for college, have amortized loans, or have a specific financial burden that will decrease over time.

Similarly, people who have no dependents frequently have little dependence on life insurance policies if they have much cash in the bank at all (to pay for funeral expenses, as an example).

Life insurance for example is a great investment because it allows the insured person to save while he is still capable of earning income during his or her lifetime and to reclaim the investments when he or she gets older.

Actual insurance rates will vary from person to person, but for a better idea of what they're like, let's take a look at an example based on real - life situations.

For example, a person with young children will take out a one million dollar 15 year term life insurance policy and a permanent policy at the same time.