Sentences with phrase «since life insurance benefits»

Since life insurance benefits are typically tax - free, it is an excellent way to make sure your loved ones are taken care of and are not penalized in the same way estate taxes diminish their inheritance.

Since life insurance benefits don't have to go through probate, the money is available more quickly.

Since life insurance benefits are free from income taxes, they can be a way to accumulate savings without paying taxes.

Not exact matches

These insurance policies are less pricey than traditional life insurance, since they pay benefits only after the death of both husband and wife.

However, the death benefit and cash value can continue to grow with participating policies since the dividend can be applied to purchase additional paid - up life insurance coverage.

On the other hand, as long as premiums are paid, a permanent life insurance policy will always pay out a death benefit since it never expires.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

A key man policy can also be used as an employee benefit, since the life insurance policy can be transferred to the executive or insured employee by the company.

The programs are a form of insurance, since you must pay withholding tax (insurance premiums) early in life to qualify for benefits later on.

Since life insurance only pays out a death benefit when there is a death, the only way to cash in early is to use the life insurance as a savings vehicle.

It is so basic it should probably be called «death insurance» rather than life insurance, since your primary benefit is that it will pay out a death benefit to your beneficiary.

That's not an unusual line of thinking, since life insurance is an expense that has no immediate benefit.

While employer - provided life insurance can be a great benefit, it is not a replacement for your own permanent insurance, since if you leave your job, you probably won't be able to take your policy with you.

This type of plan usually costs less than other types of life insurance and may be good for individuals with a large estate to protect since the benefit provides immediate cash that can be used to pay estate taxes.

Since the insurance company must make a profit, and since they know they will always pay out on a whole life policy, whole life tends to be very expensive, and has lower «death» benefits than a term poSince the insurance company must make a profit, and since they know they will always pay out on a whole life policy, whole life tends to be very expensive, and has lower «death» benefits than a term posince they know they will always pay out on a whole life policy, whole life tends to be very expensive, and has lower «death» benefits than a term policy.

Since most policies expire without paying a death benefit, life insurance companies can sell these at a low price.

It is worth mentioning here that a common misconception about life insurance is that since life insurance death benefit proceeds are income tax free, they are 100 % tax free.

Jim has been an independent insurance broker since 1977, specializing in life insurance and employer / employee benefit packages.

A graded death benefit is used to protect the carrier when insuring severely ill applicants since these policies are typically life insurance with no medical exam and no health questions.

Since they were intended to be a tool to ensure seniors have a plan to pay off their final expenses, they have some very unique benefits you won't find with your more traditional life insurance policies.

So, if the graded premium permanent life insurance offers $ 100,000 in benefits, then they will be enforced one day after the two years has passed since the policy went into effect.

Since the goal is to make sure you can pass money along through a life insurance death benefit to your family when you pass away, you would want a policy that would for sure be in force no matter how long you live.

Since your premium is returned at the end of the term it is more expensive than term life insurance, but with the added benefit of getting all your premiums back.

It is the cheapest form of life insurance since it only pays the death benefit if the insured person dies during the specified term period.

Since Foresters is a fraternal benefit society, they provide more than just life insurance.

Since life insurance is income replacement, this is also how much he would like the death benefit to replace.

Since the death benefit on term life insurance is paid on less than 1 % of policies, there is relatively low risk to insurers.

I will cover appropriate amounts of death benefit coverage you should have at another time, since this post focuses on the cash value benefit of life insurance, which you don't have to die to use.

The insurance company was launched in December 2006 and since then the company has come a long way and has a dedicated work force providing efficient solutions and advice and also meets the life insurance needs of the population through products designed with exclusive features and benefits.

This handy rider gives you the power to increase the size of the death benefit on your current policy without having to undergo a new medical exam, which is great if you're over 35 or have developed new health issues since you last bought life insurance.

That may sound a little odd at first; since no one lives forever, as long as a life insurance policy is enforced, the company will eventually have to pay out the death benefit.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

Since most AD&D payments usually mirror the face value of the original life insurance policy, the beneficiary receives a benefit twice the amount of the life insurance policy's face value upon the accidental death of the insured.

A key man policy can also be used as an employee benefit, since the life insurance policy can be transferred to the executive or insured employee by the company.

Since it is for a temporary amount of time, and it pays only a set death benefit, term life is the least expensive type of insurance to buy.

With term life insurance there is less risk since the insurance company will not necessarily pay out a death benefit during the shorter policy period.

Since standard life insurance that includes a medical exam is considerably lower in cost, all efforts at getting that type of policy should be exhausted before going to the graded benefit.

This will not be possible if you go directly to each carrier or use different agents which doesn't benefit you since life insurance rates are fixed by the law and you get the same deal everywhere.

If you are a business owner and want to buy a life insurance policy on the key employee which will provide a death benefit until that employees retirement then Return of Premium Term might be a great option since you will just get all your money back if the loss of life didn't occur and your valuable employee retires.

Since these types of policies typically are sold to older individuals with no underwriting, this type of caveat inside a life insurance policy helps protect the insurance company from having to pay out benefits on a claim where the death was due to natural causes that otherwise would have been detected through a traditional fully underwritten policy with a medical exam.

Premiums for graded benefit life insurance policies are generally higher than those for standard life insurance policies since the policyholder presents greater risk of a death claim to the insurance company.

Since the company has low overhead compared to many other life insurance providers, you'll benefit from affordable life insurance prices while finding the right policy for you as well as your family.

If you pass that money along to your children, a whole life insurance death benefit would be nice to have since that money passes income tax free.

Not only that, since beneficiaries on a life insurance policy can be changed anytime, in future the spouse can be benefitted because of the presence of life insurance plan that will continue covering the insured.

For example, buying whole life or universal life with values at a young age can save you money since you will build investments that you can borrow from more easily than a bank when the time comes to start a business or a family, and you can also benefit from a lower rate by locking in a policy while you are in good health and have no problem passing the life insurance medical exam.

Since 1938, Lincoln Benefit Life has been a leader in the life insurance and annuity indusLife has been a leader in the life insurance and annuity induslife insurance and annuity industry.

If your mom is over 50, You might want to consider term life insurance for senior since it will provide a lot of benefits for your mom in the next few years.

Since you are buying life insurance that may one day pay out a death benefit to your beneficiary it is important to choose a company with a strong rating.

Now since these benefits aren't as obvious as the benefits to those who are the beneficiaries of a life insurance policy payout, we've chosen to list just a few them in this article so that we might help make the decision to purchase a life insurance policy on yourself just a bit easier.

A type of Universal life insurance that is really geared toward very active investors since you can control exactly what investments to put your funds in within a life insurance plan for tax benefits.