Sentences with phrase «term coverage simply»

Term coverage simply provides death benefits; it's just pure insurance, plain and simple.

Not exact matches

At the end of the term, coverage may be renewable, or the policy may simply terminate.

While this may sound convenient (have coverage every year without committing to a longer term), if you know that you're likely to want coverage for a greater length of time, you're likely to do better by simply purchasing a policy with a longer term.

A term policy being convertible doesn't increase the cost of a policy and simply offers you more options should your financial situation change later on, so we recommended asking for it when obtaining coverage.

If you don't die during the policy term, your beneficiary would receive nothing, and your coverage simply ends.

If you simply want to cover your end - of - life expenses and funeral costs so that your family is not burdened by these expenditures, you might want to buy a small term life policy, such as $ 10,000 to $ 20,000 worth of coverage.

If one stops paying on a term life policy, the coverage is simply forfeited.

A permanent policy is typically not the right fit if you're looking to simply acquire financial coverage for your family in the case that you pass away, as term coverage will offer the same death benefit with much lower premiums.

Rather than your coverage ending like a typical term policy, Custom Choice UL simply lowers the death benefit over time but your premium remains the same.

While this may sound convenient (have coverage every year without committing to a longer term), if you know that you're likely to want coverage for a greater length of time, you're likely to do better by simply purchasing a policy with a longer term.

Secondly, most term policies cease renewing at around that age, i.e. even if you keep your existing term policy, eventually the coverage will simply expire.

If you are under 70 years of age, simply apply for the additional CoverMe Term Life coverage amount you desire.

If you simply want to make sure your kids have extra coverage until they have a high school diploma, term life insurance makes sense.

With a convertible term policy, you can simply convert to a permanent life insurance policy and have coverage for the rest of your life, even if you have become «uninsurable» since getting your first policy.

We begin by noting that when determining coverage of labour laws (and thus possible and proper segmentation), Canadian courts, at least in some circumstances, simply think in terms of specific statutory purpose (and have not been tripped up along the way by labour law's commonly understood overall purpose).

Term insurance is the most affordable type of coverage, making it ideal for young families who simply need the death benefit protection at a low cost.

However, if you are a start up or new business you might want to consider term and simply convert the coverage down the road, if necessary.

When you cancel a level term life insurance policy by not paying premiums, it simply ends and you lose your coverage.

Usually the best plan for a person is a slight modification of an existing plan — simply put, a standard plan that has had some features added or removed to reflect needs in terms of coverage and price.

While a renewable term life insurance policy allows you to simply extend your current coverage, having a convertible term life insurance policy means that, at any point during your term or before your 70th birthday (whichever comes first), a policyholder may convert term life coverage to whole life coverage.

If you are under 70 years of age, simply apply for the additional CoverMe Term Life coverage amount you desire.

If you simply want to cover your end - of - life expenses and funeral costs so that your family is not burdened by these expenditures, you might want to buy a small term life policy, such as $ 10,000 to $ 20,000 worth of coverage.

To get quotes simply call or send in your current coverage's and have the quoting agent figure out what it will cost each policy term.

As an example, if you purchased a $ 100,000 20 - year term policy as a graduate to simply ensure your parents can afford to pay off the co-signed loan and your funeral expenses if you were to die, but ended up having a family a few years later, you can purchase an additional policy, such as a 20 - year $ 250,000 policy for more coverage.

The foremost benefit of life insurance without a medical exam is you can be guaranteed coverage, depending on the insurer's terms, or simply get covered fast.

While this may sound convenient (have coverage every year without committing to a longer term), if you know that you're likely to want coverage for a greater length of time, you're likely to do better by simply purchasing a policy with a longer term.

After the term duration has expired, you'll be forced to pay extraordinarily high premiums, convert to a permanent policy at the age you apply, or simply let go of the coverage.

It is important to keep in mind that if the policy owner dies at any time during the term period, simply buying just the traditional term coverage and investing the difference will always provide the greatest return on capital, because in this case the policy owner's estate would not only receive the death benefit but can distribute the invested cash as well.

A term life insurance premium simply charges you the least amount of premium for the most amount of coverage.

Simply put, while term insurance intends to provide coverage on a temporary basis, permanent life insurance was designed to provide coverage for the rest of your life.

When a term life plan expires your coverage is simply over with.

Term life offers temporary coverage, and it is a simply, affordable way to protect loved ones for a set period, or «term.&raTerm life offers temporary coverage, and it is a simply, affordable way to protect loved ones for a set period, or «term.&raterm.»

A Child Term Rider is simply an extra form of life insurance coverage that you buy specifically for your child when you purchase a standard term life insurance polTerm Rider is simply an extra form of life insurance coverage that you buy specifically for your child when you purchase a standard term life insurance polterm life insurance policy.

Also, you may find that it just makes sense to keep your coverage, so rather than buy more term that will one day expire, you simply convert your policy at the health rate class you originally qualified for.

Simply put, hybrid long term care insurance is a life insurance or annuity product that includes long term care coverage in addition to its usual functions.

At that time, the policy holder will either need to renew his or her term life insurance coverage, or simply let the policy end.

If you opt to not convert your term policy, your coverage will simply end at the end of the term.

If your goal in purchasing life insurance is simply to cover funeral and burial costs, consider purchasing a small term life policy, such as $ 10,000 to $ 20,000 in coverage.

In order to qualify for a BrightLife term insurance policy, an applicant will only need to answer just eight simply questions on the application for coverage.

Other clients who decide they now need permanent coverage simply let us find them the best possible policy for the best price and then replace the term policy with the new permanent policy.

Unlike a normal term life insurance policy, SGLI's term of coverage is simply the time you're on active duty, plus 120 days after.

Typically, the premium rate for this coverage will remain level within the policy's «term» and then the policyholder will either need to re-qualify for coverage or the policy will simply expire.

A permanent policy is typically not the right fit if you're looking to simply acquire financial coverage for your family in the case that you pass away, as term coverage will offer the same death benefit with much lower premiums.

Secondly, most term policies cease renewing at around that age, i.e. even if you keep your existing term policy, eventually the coverage will simply expire.

If you simply want to make sure your kids have extra coverage until they have a high school diploma, term life insurance makes sense.

Make sure the policy is convertible term life insurance that can be converted to the type of permanent coverage you desire to one day own and you can simply defer getting your whole life policy until later.

If you think your goals will be fulfilled within 20 years, then simply buy a 20 year term life insurance, but you think you need a coverage for your entire lifetime then you may go for a whole life insurance.

The significance of these reserves is that while with term insurance, if the policyowner stops paying the premiums the coverage is simply forfeited, with permanent insurance state regulators require insurance companies to provide some kind of benefits that can not be forfeited even if the policyowner allows the policy to lapse.

The premiums paid to the insurer are simply the nonrefundable price of coverage for the stated term.

If one stops paying on a term life policy, the coverage is simply forfeited.