Sentences with phrase «term life insures»

Term life insures against the death of the policyholder and pays a lump sum to the beneficiaries during a specified period of time, typically from 5 to 30 years.

Not exact matches

Another main line of Genworth's business, long - term care insurance, is a risky but growing market, and Genworth pleased investors in 2013 by raising rates and cutting back on some benefits as customers live longer and become more costly to insure.

When it comes to planning for long - term care, advisors and clients have three main options — self - insure, long - term care insurance and life insurance with a long - term care rider.

According to the company's website, they generate home loans «with the intention of servicing them for the life of the term,» with the exception of FHA - insured products, which are sold to investors in the secondary market.

Term life insurance provides affordable coverage for a defined period of years, with its primary purpose to replace income or help pay off outstanding debts if the insured dies during that time.

This sets them apart from term life policies, which offer coverage that is designed to insure your income earning years and end naturally when the term is over.

In addition, 85 percent of Unum's insured lives are in group long - term care with a much younger client profile, funded mostly by employers and with smaller benefit levels with more conservative plan designs, he said.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

If you have a cash value policy and can no longer afford to pay the contract's premiums but still need insurance, for example, your carrier may be able to continue insuring your life by using your policy's cash value to buy term life insurance.

Children's Insurance Provides level term coverage on the life of any child (between the ages of 15 days and 17 years) of the base insured until the child is age 25.

When a premium is paid, a portion pays for annual renewable term insurance based on the life of the insured.

This Life Term Rider pays out an additional Sum Assured in case of death of the Life Insured.

Term life insurance provides financial protection to your beneficiaries (your loved ones) should the insured (you) die prematurely.

If the insured dies within this term (10, 15, 20, 25, 30, or 35 years), the life insurance company pays a lump sum death benefit to the policy's beneficiaries.

Bharti AXA Life Term Rider pays out additional Sum Assured in case of death of the Life Insured.

Take the amount of money your family will need to cover any expenses — whether it's immediate cost of living expenses, long - term plans like paying off a mortgage, one - time big expenses like college tuition, and / or funding your partner's retirement — and that's the amount that you'll need to have on hand to be self - insured.

Maturity Benefit: In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the Maturity benefit shall be paid as Sum Assured on Maturity to the policyholder for all premium payment term and policy terms.

and Sum Assured on Maturity as Maturity benefit at the end of the Policy term in case the Life Insured survives till that period and all premiums have been duly paid.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

Apart from all these benefit SBI life Smart Money Back plan offers a free look period of 15 days under which the insured can cancel the policy if he / she is dissatisfied with the terms and condition of the policy.

In contrast to term insurance, a whole life insurance policy pays the death benefit stipulated in the contract upon the death of the insured, regardless of when it may occur.

Term life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeTerm life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeterm, such as 10, 20, or 30 years.

It insures your life for a specific «term,» which can be 1, 10, 20, or 30 years.

AUL's term life insurance includes a conversion option that allows the insured to convert all or a portion of the policy to permanent coverage.

Life insurance classified as return of premium (ROP) features a return of premiums paid to purchase coverage if the insured outlives the term of the policy, or payment of some portion of premiums paid to the beneficiary upon the insured's death.

Which means that you made the decision to get your life insured, that way, if you develop some type of health condition that would either make it impossible or cost prohibitive to purchase another policy, you can always convert your term policy to permanent coverage, regardless of your health condition.

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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 primary benefit of a conversion option attached to term life is that the insured can convert the policy without proof of insurability.

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

With yearly renewable term life insurance, each year the premium amount will be re-calculated based on the insured's current age.

Prior to the ending of the level term period, however, or to the attainment of age 70 — whichever is earlier — the insured is allowed to convert the policy over to a permanent life insurance policy that Lincoln makes available.

At any time until the insured reaches age 70, he or she may be able to convert their term insurance policy over into either a whole life or a universal life insurance policy without having to take a paramedical exam.

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.

However, if you only need financial coverage for a particular period of time, you would probably be better served buying a term life insurance policy with an additional insured rider.

Direct Equity Exposure — 2.5 Lakhs (Shares of Asian Paints) Life Insurance Term Plan HDFC Life Click 2 Protect — 1 crore (Insured value) Other Insurance plans LIC — 2000 / Month (all plans put together) PPF — 20000 / Year Health Insurance — Provided by Employer MF — SIP's ICICI Direct Focused Blue chip — 1000 / month (10 year horizon) Franklin India Smaller Companies Fund GROWTH — 2000 / month (10 year horizon)

he did not have any term insurance but I want to insure my mother's life atleast.

Each year as you grow older, the cost of insuring your life gets more expensive for the life insurance company, This is why the older you are, the more it costs to purchase a term life policy.

In case of unfortunate event of death of the Life Insured during the Policy Term, the following benefits will be payable to the Claimant, subject to Policy being in force.

With term life, you have to remember to plan on converting the policy or self insure.

The benefit of a hybrid second - to - die long term care life insurance policy is both insureds can qualify for the long - term care.

Term life is a contract between the insured and insurer for a specified period of time, i.e. the «term» of the polTerm life is a contract between the insured and insurer for a specified period of time, i.e. the «term» of the polterm» of the policy.

This sets them apart from term life policies, which offer coverage that is designed to insure your income earning years and end naturally when the term is over.

Ameritas» Keystone term policy is convertible term life insurance which allows the insured to convert all or a portion of the policy to permanent coverage.

Re-Entry: A policy provision that allows an insured to renew their term life insurance policy at the end of the term based on their attained age and health status.

This means that, even if the insured has contracted certain health - related issues, he or she could still qualify to convert their term life coverage to a permanent plan.

Long term, I need exposure to equities to insure my portfolio keeps up with inflation and can fund my wife and I if we live to 95.

Proceeds: The amount payable under the terms of a life insurance policy upon the insured's death or upon the maturity of an endowment.

There is also a conversion privilege where the insured can convert his or her term life policy to another North American Life policy that is permanent — and, they can do so without the need to take a medical examinatlife policy to another North American Life policy that is permanent — and, they can do so without the need to take a medical examinatLife policy that is permanent — and, they can do so without the need to take a medical examination.

Term life insurance only pays a death benefit if the insured person during the tTerm life insurance only pays a death benefit if the insured person during the termterm.