Sentences with phrase «term life policies pay»

Most term life policies pay a simple death benefit.

Term life policies pay only the fixed face value of the contract at the time of death.

The fact is that term life policies pay out only if the insured party dies.

A Term Life policy pays a benefit to the beneficiaries only if the policy holder dies during the time period for which the policy was initially contracted and has remained current on their annual or monthly premium payments.

If the investment portion of the insurance policy is sufficient to cover payments for it, the holder of an extended term insurance can simply modify their whole life insurance policy into a term life policy paid for through the whole life policy's cash accumulation.

Not exact matches

For retirees who are still paying off large loans (think failed business ventures or real estate deals), a guaranteed level - premium term life policy is ideal, said Scott Simmonds, a fee - only insurance consultant in Saco, Maine.

Such policies also pay out a death benefit to your heirs when you die, but they are far more expensive than term life.

This rider adds to the cost of your premiums but ensures that you'll receive a portion or the sum of premiums paid if you live past the term of the policy.

These phrases mean that the term life insurance quotes you receive reflect the price you'll pay for the entire length of the policy.

In basic terms, mortgage life insurance pays off your mortgage balance if you die while the policy is in effect.

Return of premium term life insurance (ROP) is a term insurance policy where the insurance carrier will return to you all the premiums you have paid, if you outlive your policy's term length.

Just make sure that the term policy will definitely cover the entire length of a financial obligation, as you'll have a harder time finding coverage and have to pay higher rates if you still need life insurance at age 80 or 90.

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.

The two primary categories of life insurance policy are term and permanent, with term policies only offering coverage for a fixed period of time, while permanent policies last so long as you continue to pay the premiums.

«In addition, each of them receives a benefit package that includes 100 % paid health insurance, short term and long tern disability insurance and a life insurance policy for free, two weeks paid vacation, plus 8 paid personal or sick days and 50 cents on a dollar matching contribution to a retirement plan.

«But if we really want to improve maternal and child health in this country, let's also focus on things that can really do that in the long term — like subsidized day care, better maternity - leave policies and more employment opportunities for low - income mothers that pay a living wage, for example.»

That this House expresses deep concern at the impact of the UK Government's policies on Wales; notes the UK Government's real - terms reduction of the Welsh Budget by # 1.5 bn; notes that Wales currently suffers from the lowest average rates of pay in Britain and has the highest proportion of individuals affected by cuts to social security including the Bedroom Tax; further notes that Wales suffers the highest energy bills in the UK and that these, along with low pay, have compounded the cost of living crisis in Wales; and calls on the Government to immediately scrap the Bedroom Tax, freeze energy bills and undertake measures to increase pay rates in Wales.

By contrast, a 50 year - old male smoker would be given a «Standard» rating, and could expect to pay $ 500 or more per month for the same 20 - year, $ 500,000 term life policy.

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.

In contrast, a standard term life insurance policy pays your policy amount to beneficiaries on death.

As an example, a 35 year - old female non-smoker would be given a «Preferred» rating, and could expect to pay $ 30 to $ 40 a month for a 20 year, $ 500,000 term life policy.

Once you choose your, you will pay a premium to the life insurance company to keep the policy in force until the end of the defined term, or the end of your life, whichever comes first.

According to the National Association of Insurance Commissioners (NAIC), mortgage insurance lenders pay out only about 40 cents in benefits for every dollar spent by consumers on this type of policy, while it is 90 cents on the dollar paid out to consumers with regular term life insurance policies

In a term life insurance policy, you pay an annual premium that covers the risk of death during that year.

Term life insurance is very affordable and if you're a college graduate whose parents helped you pay for college by co-signing loans, a term policy will cover the loan amount if you were to pass aTerm life insurance is very affordable and if you're a college graduate whose parents helped you pay for college by co-signing loans, a term policy will cover the loan amount if you were to pass aterm policy will cover the loan amount if you were to pass away.

To illustrate, understand that very few «term life policies» ever pay a death benefit because the insurance company has determined that the policy will likely expire before the death benefit is ever paid... and most do.

As an added benefit, the life insurance death benefit of the new hybrid policy would pay off her mortgage if she passed away, assuming she didn't use the policy for long - term care.

For example, a term life policy large enough to pay off your home is usually cheaper.

But he can use the same low - expense SUL policy as a surrogate joint - life term by paying premiums to keep it in force for 20 years.

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.

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tLife insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering a given period of time.

Even if you aren't denied coverage altogether, you may have to pay more for a term life policy and overcome additional application obstacles.

A return of premium life insurance policy is one where, minus very negligible fees, your premium payments are refunded to you at the end of the term (assuming the death benefit hasn't been paid out, of course).

Term life pays out the value of the policy upon death in almost all circumstances.

If you're purchasing life insurance to help your family with any of these costs, a cheaper term life insurance policy would be a better fit, since the costs would be paid over time.

This rider adds to the cost of your premiums but ensures that you'll receive a portion or the sum of premiums paid if you live past the term of the policy.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

In addition, their term life policies have a maximum term length of 5 years, so if you know that you want coverage for a longer period of time, you'll pay higher premiums on average since the cost increases each time you renew coverage.

«Direct term life insurance» simply refers to a term life insurance policy in which the party upon whose death the benefit would be paid out is the same party paying for the policy.

They pay $ 11,000 annually in premiums — $ 8,000 for a $ 300,000 whole life policy with a last - to - die provision and $ 1,300 for a $ 1.3 - million term life policy for Sheila.

A term - life policy for $ 25,000 or so to pay off funeral expenses should be plenty.

b) With Extended Life Cover: The policyholder also has the option to choose for Extended Life Cover benefit at inception of the policy by paying additional premium throughout the premium paying term.

Having said that, term life insurance, specifically, is more affordable than people realize: a healthy 30 - year - old pays an average of just $ 21 a month for a 20 - year policy.

A return of premium life insurance policy can work for someone who can afford paying a little extra each month and wants a relatively low cost forced savings vehicle, but may not be right for someone who just needs a basic term life insurance policy to protect their family and is more budget - sensitive.

Like term life insurance, whole life insurance policies pay a death benefit if you die while your policy is in force.

Term life insurance lasts a set number of years and then expires; a whole life policy lasts for as long as you pay the premiums.

Term life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the polTerm life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the polterm of the policy.

Unlike permanent life insurance policies which remain in effect for your entire life (assuming your premiums are paid on time), term life policies remain in effect for a specific term or period of time.

If you outlive your policy terms, some providers will return all or some your paid premiums, or offer to change your policy to a whole life plan.

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 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 policy terms.