Sentences with phrase «about life insurance premium payments»

Not exact matches

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.

The best thing about RiverSource's universal life insurance policies are the flexible options that allow you to change premium payments and adjust your death benefit.

The nice feature about Universal Life insurance is that it provides flexibility to the policy owner in regards to the timing and amount of premium payments.

Held in what are called Universal or Whole life insurance policies, single premium life insurance plans eliminate the need to worry about meeting annual premium payments.

So, talk about leverage, if he dies after making only one premium payment, his beneficiary would receive one million dollars from his $ 21 investment in term life insurance.

Whole life insurance is designed for the long - term, so before purchasing, be sure to think about your ability to make premium payments consistently over the life of the policy.

A heartwarming story comes out of Bloomfield Hills, Michigan about a jury verdict that awarded a $ 2 million policy to an elderly widow after the life insurance company, United of Omaha, declared the policy to have lapsed when she and her husband failed to make a timely premium payment while he was dying in the hospital.

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.

Continuing the prior example, assume that Sheila had accumulated a whopping $ 100,000 policy loan against her $ 105,000 cash value, and consequently just received a notification from the life insurance company that her policy is about to lapse due to the size of the loan (unless she makes not only the ongoing premium payments but also 6 % / year loan interest payments, which she is not interested in doing).

Also, the great thing about life insurance policies is that they are unilateral contracts, meaning that you can cancel the policy any time you like (similar to auto insurance) or simply stop making the premium payments.

Edelweiss Tokio life's insurance policies can provide with cost - effective premium payments that you can afford without having to worry about low savings.

You will never again have to worry about a lapse in your life insurance coverage as if you decided on getting a single premium life insurance policy; it's all paid with one payment.

The most important thing you can do if you find yourself falling behind on premium payments or unsure about continuing your coverage is to contact your agent or the life insurance company.

But, he bought life insurance and didn't want it to lapse so he opened a checking account you didn't know about and kept plenty of money in there to pay the monthly eft premium payments on the policy?