Sentences with phrase «additional life insurance coverage»

It allows the insured to purchase additional life insurance coverage at specific ages, or alternatively, at special occasions such as the birth of a child or marriage.

And, some policies contain guaranteed purchase options, which allow you to buy additional life insurance coverage at specified times, regardless of your health.

For example, you could still need additional life insurance coverage when you own a joint life insurance policy.

And if it has a guaranteed purchase option, it will allow your young relative to buy additional life insurance coverage if needed in the future.

You may want to consider adding the GI rider to your policy if you think you may have the need for additional life insurance coverage in the future.

Many people will still be able to obtain additional life insurance coverage if they need it, even with a health problem.

Some employers also allow employees to purchase additional life insurance coverage under their group benefit coverage plan.

You may need to look into purchasing additional life insurance coverage on your own.

With a healthy business, a change in valuation may mean additional life insurance coverage to cover the cost of a buyout.

If you're 62 years old and you do not have life insurance yet, or you're thinking about getting additional life insurance coverage, then you've come to the right place.

You can consider this as additional life insurance coverage.

If you fear additional life insurance coverage won't fit your budget, explore term life insurance options.

There may be times when an older adult may want to purchase additional life insurance coverage.

Avoid Riders and Additional Insurance — Don't buy additional life insurance coverage you don't really need; such as, life insurance riders adding coverage for your children.

Guaranteed Purchase Option Rider: allows the insured to purchase additional life insurance coverage with no evidence of insurability at specific ages or for specific events, such as marriage, buying a home and the birth of a child.

If you have dependents, you may want additional life insurance coverage that will provide for their ongoing living expenses in the event that you pass away while they are still young and in school.

Term life insurance policies are typically used to help provide additional life insurance coverage during child - raising years, to help pay for short - term debts, to help pay off a mortgage, or to fund a college education should the unexpected happen.

If you fear that you may need additional life insurance coverage in the future, but due to a family history of disease or other concern you also fear that you will not be insurable, you may want to consider purchasing some whole life insurance.

Guaranteed Insurability guarantees the insured the option to purchase additional life insurance coverage without having to take a physical examination, or showing any other evidence of insurability.

Child term rider definition: when a parent takes out a life insurance policy he or she has the option of including a child term rider which extends additional life insurance coverage to all eligible children for an additional fixed premium.

New or continuing debt obligations and timely estate planning pursuits may necessitate additional life insurance coverage.

Guaranteed Insurability — you can add a guaranteed insurability rider to your whole life policy in order to allow you to take out additional life insurance coverage with no proof of insurability at certain specified times.

A guaranteed insurability rider lets you purchase additional life insurance coverage at a later date (and at specified intervals) without undergoing a medical exam or providing any evidence about your insurability.

The fact is, if you have a need for additional life insurance coverage, you may want to purchase supplemental life insurance to add to your current financial plan to provide your loved ones with an adequate amount of protection.

If you decide to buy additional life insurance coverage, or you want to shop around and see what your quotes would be for an entirely new life insurance policy, you should take a look at our life insurance quote comparison tool.

If you don't want to purchase additional life insurance coverage for your children, there are several alternatives that you can choose from, but one of the simplest is to put the money into a separate savings account.

You may consider term if you currently have only a group life policy or a permanent policy, but need some additional life insurance coverage and can't afford an additional permanent policy.

Additional life insurance coverage will allow your family to maintain their new standard of living.

To find the additional life insurance coverage you want with the perfect rider to cover you, speak with an independent agent in the Trusted Choice ® network.

Consider taking an additional life insurance coverage of around Rs 30 Lakhs.

Dividends can be used in several ways, including purchasing additional life insurance coverage, adding to the cash value component of a permanent life insurance policy, or receiving directly in cash.

We understand that the purchase of a single life insurance policy — as well as the purchase of additional life insurance coverage — may seem to be a bit overwhelming.

You may consider term if you currently have only a group life policy or a permanent policy, but need some additional life insurance coverage and can't afford an additional permanent policy.

To find the additional life insurance coverage you want with the perfect rider to cover you, speak with an independent agent in the Trusted Choice ® network.

By being a member of the American Institute of CPAs, or AICPA, individuals — as well as their spouses — can be eligible to purchase additional life insurance coverage, often at a reduced monthly premium life insurance rate.

This rider lets you purchase additional life insurance coverage at a later date without undergoing a medical exam or providing any evidence about your insurability.

The growth of the invested money is tax advantaged and can be used to buy additional life insurance coverage, support long term care expenses, pay for child college costs, or fund any of life's major expenses.

Although no parent wants to go through losing and burying a child, this additional life insurance coverage is very inexpensive.

The rider ensures that you can purchase additional life insurance coverage at «some future time» without having to provide you insurer any information about your insurability and without having to take a medical exam.

Guaranteed Insurability — you can add a guaranteed insurability rider to your whole life policy in order to allow you to take out additional life insurance coverage with no proof of insurability at certain specified times.

Guaranteed Insurability Rider — With this rider, the insured may purchase additional life insurance coverage at a time in the future without having to undergo a medical examination or provide any evidence of insurability.

Most group sponsored plans allow employees to buy a certain amount of additional life insurance coverage, but even that might not meet their needs.