Sentences with phrase «then purchase a life insurance»

Bob would then purchase a life insurance policy large enough to provide $ 750 of monthly income.

Then purchase a life insurance policy and pay the first installment of the premium.

Not exact matches

If your death will result in financial consequences to one or more people (i.e. spouse, children, business partners, etc) that you consider unacceptable, then you should probably purchase life insurance.

A trust is created, then the trust purchases and owns a life insurance policy.

The cash flow is then used to purchase life insurance for use as your personal bank.

If your financial obligations are likely to go away within 20 to 30 years, then purchasing term life insurance is likely to be a better option as it's significantly less expensive than variable life insurance.

If you purchase a policy and were paying a higher rate because of your job, but then change to a less hazardous one, you may ask the life insurance company for a reconsideration.

If you can not purchase a dividend - paying whole life insurance policy, then infinite banking won't work for you.

If you're a financially savvy individual who likes making your own investment decisions and is able to contribute to savings and investment accounts then it may be better to purchase a term life insurance policy and invest the difference.

The good news about that is, you purchase it once, and then you're done, provided you make the payments, and some limited pay whole life insurance policies allow you to make premium payments for a number of years and then stop.

If you decide to purchase term life insurance, then you will need to decide how long the policy will cover you.

One of the unfortunate realities surrounding life insurance is that people often purchase policies, then file them away for safekeeping.

If you are involved in a business with a partner, it's possible that you have a buy / sell agreement in which each business owner purchases a life insurance policy on the other owner and then uses the death benefit to buy out the deceased owner's share of the business.

Then you have each state's insurance department which oversees insurance agents who may also be making financial recommendations, such as advising on the purchase of a fixed annuity or life insurance product.

Since you are looking to purchase life insurance to grow cash value, then the most important considerations will be product design, carrier strength and type of permanent product.

If business continuity succession planning is required, then liquidity is also the objective, even if the estate tax is NOT an issue, because the life insurance proceeds may be used to finance the purchase of the business from the estate by a beneficiary OR a third party.

Term life insurance led the way as the preferred policy agents purchase to protect their own families, followed by whole life and then universal life insurance to round out the top three.

Anytime a major change takes place in your life like an addition to the family, property purchases or lifestyle changes your life insurance should then be reevaluated.

Since then, Protective Life Insurance has purchased dozens of other life insurLife Insurance has purchased dozens of other life insurlife insurers.

If you purchase term life insurance then you will not face a surrender charge.

You can actually purchase life insurance when you are overweight and then loose weight and then re-apply.

With a term policy, you'll be able to purchase the policy for perhaps 10, 15, or 20 years, and then once that's over, presuming you don't have a need for life insurance anymore, you can save the money.

If you are in a rush for time and need the life insurance for a court order such as divorce cases or obtaining a loan for a real estate purchase then you will be in business with a Term life insurance with No Medical Exam type policy.

Your life insurance will give them the money that they need, but if you don't have anyone that relies on your paycheck every month, then you can consider purchasing a smaller burial insurance plan.

Buying term and invest the difference means you will use an amount equivalent to what it will cost to purchase a permanent life insurance plan, and then compare this to the expense of a term policy for a similar face amount covering the time period it is required.

Laddering Term life insurance policies is simply having more than one policy so your life insurance can work in stages instead of purchasing just one big policy you can have policies that work for a specific number of years and then drop off in time.

For instance, even if you already have life insurance coverage that is in force, if you do not have a portion of the coverage that is intended to pay for your funeral costs, then it could be beneficial to also purchase a final expense insurance plan.

If you reach the cutoff age for a term policy, then there are permanent insurance choices you can purchase, like whole life policy, universal life insurance or even burial insurance which is worth it when you only need coverage for final expenses.

Once you enter all your personal information online and receive your quotes, you will then speak with an agent over the phone to finalize your decision and purchase a life insurance policy.

If you don't have any debts, then you should consider purchase a burial insurance policy instead of a life insurance plan.

If your partner has legal guardianship of your children, then he would be able to purchase life insurance on them.

If you are involved in a business with a partner, it's possible that you have a buy / sell agreement in which each business owner purchases a life insurance policy on the other owner and then uses the death benefit to buy out the deceased owner's share of the business.

A very common strategy with ILIT's, is to use your annual gift tax exclusion to effectively remove assets from your estate and the trustee can then use the funds to purchase a life insurance policy for the sole purpose to pay your federal estate tax bill.

This is to ensure that people don't purchase a life insurance policy, and then commit suicide just to their family now has the face value of the insurance policy.

A lot of policyholders will purchase a life insurance plan, and then they..

You mentioned that your husband purchased a life insurance policy on you without your consent, and then you found out about it and were upset.

Since you are looking to purchase life insurance to grow cash value, then the most important considerations will be product design, carrier strength and type of permanent product.

Your roommate could purchase a life insurance policy on themselves and then after it is approved and placed inforce (activated, in other words) he or she can name you a beneficiary.

For instance, whenever a person purchases a ten year life insurance contract policy, then the percentage level is for ten (10) years.

You may be confused on how to purchase a life insurance policy and for how much to purchase, then you need the help of a life insurance premium calculator to assist you in this case as it acts as the best guide.

If you're looking to purchase a million dollars in life insurance coverage, then you're going to be limited to only a few companies.

Then, show your love tomorrow by purchasing life insurance for your grandchildren and leaving them a legacy of love while contributing to their future financial security.

If you have purchased any of the max policy then you can follow the below explained process to check max life insurance policy status.

If you live in the U.S., then you're required to purchase health insurance or pay a fine.

A traditional whole life insurance policy purchased at 40, keeps the death benefit in force beyond age 70, as long as premiums are paid (dashed - blue, then solid - blue line).

If you are in the midst of creating your overall financial plan, then it is possible that you will need to consider the purchase of a life insurance policy.

She will need to pay an extra $ 10 per every thousand of life insurance coverage she purchases for 6 years, then starting in the 7th year the flat extra drops off.

If an individual truly needs life insurance coverage, then the cash value and benefit from tax exemptions would be helpful features in helping one decide in making a purchase or not.

If you do this, you can pay standard premiums on your life insurance and then purchase a special accident policy that covers skydiving but does not cover other things like disease or illness.

If you purchase a policy and were paying a higher rate because of your job, but then change to a less hazardous one, you may ask the life insurance company for a reconsideration.