Sentences with phrase «term life policy owner»

The third reason I think Han Solo was a term life policy owner is because he was impatient.

Now that I've made my case for why I think Han Solo was a term life policy owner, let me suggest what might have happened if he had chosen the better option to invest in life insurance as an asset.

Now that I've made my case for why I think Han Solo was a term life policy owner, let me suggest what might have happened if he had chosen the better option to invest in life insurance as an asset.

Han was most obviously a Term Life policy owner because it's clear that he was not good with money.

Term life policy owners typically purchase life insurance for an amount of time that will last as long as their beneficiaries will need financial protection.

Not exact matches

While owners of many term life insurance policies have the right to renew the policy once the period draws to a close, the cost will increase upon renewal, and can be considerable.

The second reason that I believe Han Solo was a term life insurance policy owner is that he was a gambler.

Every time they convince a whole life policy owner to «buy term and invest the rest» they ensure that the premiums stay more affordable for those that go the distance.

Alternatively, the owner may choose to exercise a conversion option if the policy is convertible term life insurance.

Term life insurance is defined as a contract between the owner of the policy and the insurer, for a policy on the life of the insured, whereupon the insured's death, the insurer pays a lump sum death benefit to the beneficiary.

The policy is convertible term life insurance, which allows the owner of the policy to convert all or a portion of the coverage to whole life insurance coverage before the term policy expires or age 65.

The policy is convertible which allows the owner to convert the policy to whole life prior to the end of the term.

Term life offered through United of Omaha is convertible which allows the owner to convert the policy to permanent life prior to the end of the tTerm life offered through United of Omaha is convertible which allows the owner to convert the policy to permanent life prior to the end of the termterm.

When coupled with a life insurance policy, the hybrid LTCi owner will also have the advantage of passing dollars on to family on an income tax - free basis if the policy was never accessed for long term care coverage.

To fully understand annuities, the first important aspect to note is that, just like other insurance products, regardless whether we're talking about convertible term life insurance, whole life insurance, universal life insurance, etc., annuities are a contract between the policy owner and the insurance company.

Permanent life insurance policies don't work the same as term policies — they're able to build cash value over time as the policy's owner makes payments.

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.

New York Life Insurance Company is the largest mutual life insurance company in the U.S. 1 Being mutual means our primary focus is on creating long - term financial safety and stability for our policy owners, rather than the short - term gains favored by Wall StrLife Insurance Company is the largest mutual life insurance company in the U.S. 1 Being mutual means our primary focus is on creating long - term financial safety and stability for our policy owners, rather than the short - term gains favored by Wall Strlife insurance company in the U.S. 1 Being mutual means our primary focus is on creating long - term financial safety and stability for our policy owners, rather than the short - term gains favored by Wall Street.

A convertible term life insurance policy can be converted by the owner into a permanent life insurance policy during a specific period of time, without requiring an exam or proving the insured is healthy.

Owners of hybrid life insurance policies will know their daily (or monthly) long term care benefit amounts at onset and as the policy grows.

Lastly, a policy owner does not collect anything at the end of the term, provided that he / she is still living.

A type of term life insurance that pays all premiums back to the policy owner at the end of the term if the insured is still living, or percentage of the premiums if the policy is cancelled before the term ends.

For example, if you own a 20 year return of premium term life insurance plan and the 20 year term has expired, the premiums paid by the owner of the life insurance policy will be returned.

Most term life insurance policies will allow the owner of the policy to renew until age 95.

However, term life insurance generally comes with a conversion option which allows the owner to convert the policy into permanent insurance with no proof of insurability.

With term life insurance, benefits are paid if the policy owner dies during the period covered by the policy.

Most term life insurance allows the policy owner to renew until age 95.

A type of Term Life insurance that returns the equivalent all premiums back to the policy owner at the end of the term if the insured is still livTerm Life insurance that returns the equivalent all premiums back to the policy owner at the end of the term if the insured is still livterm if the insured is still living.

Unlike term life insurance policies, which do not build a cash value and always have a level death benefit, permanent life insurance policies allow the owner to select a level or increasing death benefit (sometimes called option 1 or option 2).

Beyond the scope of this article Term Life Insurance Best Candidates, often small business owners need a short term life insurance policy to assist in filling some financial nTerm Life Insurance Best Candidates, often small business owners need a short term life insurance policy to assist in filling some financial nLife Insurance Best Candidates, often small business owners need a short term life insurance policy to assist in filling some financial nterm life insurance policy to assist in filling some financial nlife insurance policy to assist in filling some financial need.

Every term life policy worth its salt has a clause which allows the policy owner to renew the policy annually.

A few carriers that offer Accelerated Death Benefits, Living Needs Benefits or Long Term Care benefits provide another option, which allows the owner to surrender the policy at certain time for a refund of premiums paid.

When you start researching term life insurance for your working spouse, know that he or she will still be the owner of the policy.

Renewable Term Life Insurance that is in force for a stated period, and can be renewed by the policy holder (or owner) at the end of each term for a limited number of terms without proving insurability of the insTerm Life Insurance that is in force for a stated period, and can be renewed by the policy holder (or owner) at the end of each term for a limited number of terms without proving insurability of the insterm for a limited number of terms without proving insurability of the insured

-- As opposed to a term policy, which expires with no payout or cash value at the end of the term, a permanent policy covers the policy owner throughout all of his / her life without an unwanted adjustment in premiums.

Owners of hybrid life insurance policies will know their daily (or monthly) long term care benefit amounts at onset and as the policy grows.

Like any other type of life insurance, term life insurance represents a legal contract between the owner of the policy and the insurance company, and like any type of contract, it has a language of its own.

In legal terms, life insurance is a contract between a policy owner and insurer, wherein the latter agrees to reimburse the occurrence of the insured individual's death or other event such as terminal illness or critical illness.

Let's say, for example, a business owner's term life insurance policy had the rider.

Return of Premium Term Life Insurance (ROP Term)-- Return of premium policies are essentially level term life insurance plans which return 100 % of paid premiums to the policy owner at the end of the level perTerm Life Insurance (ROP Term)-- Return of premium policies are essentially level term life insurance plans which return 100 % of paid premiums to the policy owner at the end of the level perLife Insurance (ROP Term)-- Return of premium policies are essentially level term life insurance plans which return 100 % of paid premiums to the policy owner at the end of the level perTerm)-- Return of premium policies are essentially level term life insurance plans which return 100 % of paid premiums to the policy owner at the end of the level perterm life insurance plans which return 100 % of paid premiums to the policy owner at the end of the level perlife insurance plans which return 100 % of paid premiums to the policy owner at the end of the level period.

Term life insurance policies provide a stated benefit upon the death of the policy owner, provided that the death occurs within a specific time period.

Recently, a younger business owner client of mine was inquiring about purchasing a term life insurance policy.

A conversion option is typically included and allows the owner of the term policy to covert all or a portion of the term into permanent coverage, such as universal life insurance, without proof of insurability — that means no health questions or medical exam.

Here are 3 common situations that Whole Life insurance policy owners should think about before replacing their permanent policy with Term coverage.

A conversion option is a life insurance rider that allows the owner to convert all or a portion of the term coverage into a permanent life insurance policy.

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.

You see, term life insurance is called «term» because the policy (i.e. the contract between the owner and the insurer on the life of the insured) ends upon the specified timetable in the contract.

In addition, a term to 70 policy may offer the option of convertibility which means the policy owner may convert the term insurance into a permanent life insurance policy for a higher annual premium.

Some types of life insurance also give the policy owner the right to «borrow» a portion of the «cash value» within a policy, or to receive an «accelerated death benefit» if you become terminally ill or require confinement in a long term care facility.

Conversion Benefit — This feature allows the policy owner to «convert» a term life policy into an approved permanent life policy from the same company, usually a universal life policy.