Sentences with phrase «amount permanent life insurance policy»

There is also a Conversion endorsement included on all Express term policies that allow policy owners to change their term life insurance plan to a level face amount permanent life insurance policy through Transamerica with no underwriting required, provided that the death benefit is the same or lower.

Not exact matches

It's simple to borrow against the cash value of a permanent life insurance policy as there are no loan requirements or qualifications aside from the amount of cash value you have available.

Anyone that wanted to invest in a permanent life insurance policy in the 80's could do so in just about any amount they wanted.

Guaranteed issue life insurance policies have significantly lower death benefit amounts compared to term or permanent policies.

In addition, convertible term life insurance allows you to convert all or a portion of your face amount to a permanent policy.

Interest Sensitive Whole LifeSM is a guaranteed fixed premium permanent life insurance policy with a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100.

Legislation allows investments within permanent life insurance policies to grow without any tax consequences, as long as it remains under the maximum tax - exempt amount.

However, many permanent policies have a sizeable amount of cash value accumulation, particularly policies that employ the use of a paid up additions rider for reinvesting life insurance policy dividends.

Flexible Premium Policy: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium payPolicy: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium paypolicy in which the policy owner may vary the amount or timing of premium paypolicy owner may vary the amount or timing of premium payments.

Flexible Premium Variable Life Insurance: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium paymeLife Insurance: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium Insurance: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium paymelife insurance policy in which the policy owner may vary the amount or timing of premium insurance policy in which the policy owner may vary the amount or timing of premium payments.

The death benefit of a life insurance policy is the amount paid out upon the death of the insured, while cash value refers to the amount of funds in a permanent life insurance policy's cash account.

A type of Permanent Life insurance that gives the policy owner flexibility with regard to the face amount and premium amounts, which can be modified to respond to changing needs and circumstances.

A type of Permanent Life insurance where the face amount of coverage and the premiums are fixed and do not change over the life of the polLife insurance where the face amount of coverage and the premiums are fixed and do not change over the life of the pollife of the policy.

If you are looking for a life insurance policy that will just cover you for a specific amount of time, such as when your children are young or while you are paying a mortgage, you may want to consider a term life policy over a permanent life policy.

When purchasing a final expense life insurance policy, it is important for an applicant to determine the type of coverage that they need — term versus permanent — as well as the amount of coverage that will be appropriate for their specific needs.

A term life insurance policy may work for you if you only need coverage for a limited amount of time (such as when your children are young), especially since permanent life insurance can be more expensive than term life plans.

Whole life insurance defined: A whole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficiary.

Life insurance companies that offer convertible term policies set their own requirements you must meet in order to switch to permanent plans, often setting limits on the amount of time you've had your term policy, your current health, and your age.

A type of permanent life insurance that gives the policy owner flexibility with regard to the face amount and premium amounts.

This allows you to convert a little or even as much as the entire policy amount to permanent life insurance if you still need coverage down the road.

A type of Permanent Life insurance that gives the policy owner flexibility with regard to the face amount and premium amounts, which can be modified to respond to changing needs and circumstances.

Cash Value: The amount of cash accumulated inside some types of permanent life insurance policies.

A type of Permanent Life insurance where the face amount of coverage and the premiums are fixed and do not change over the life of the polLife insurance where the face amount of coverage and the premiums are fixed and do not change over the life of the pollife of the policy.

A universal life insurance policy, also known as a permanent policy, is a flexible type of life insurance that allows the policyholder to adjust the premium and amount of coverage.

While ordinary Permanent Life insurance is typically purchased in much larger benefit amounts (i.e. six - figures or more), a Final Expense policy tends to be issued in face amounts of $ 2,000 to $ 50,000 (these amounts vary, depending on the insurer).

A permanent life insurance policy with a specific cash value allows the lender access to that amount as repayment of the loan if the borrower were to default.

The amount of the premiums on a permanent final expense life insurance policy will be locked in — and can not be raised by the insurance company.

Some permanent life insurance products cost significantly more than a guaranteed universal life policy, because a good amount of the premium is going towards building up cash value in the policy.

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.

However, if you currently need a certain amount of life insurance to protect your responsibilities, but don't have the finances necessary to pay for the premium for a permanent policy, then the Convertible Term Life Insurance is a great optlife insurance to protect your responsibilities, but don't have the finances necessary to pay for the premium for a permanent policy, then the Convertible Term Life Insurance is a greainsurance to protect your responsibilities, but don't have the finances necessary to pay for the premium for a permanent policy, then the Convertible Term Life Insurance is a great optLife Insurance is a greaInsurance is a great option.

If the child is eligible, at the end of the term period, the benefit may be able to be converted over into a qualified permanent life insurance policy, with a benefit that is up to 5 times the original amount of the term coverage — regardless of the child / insured's health.

Final expense policies are a smaller amount of permanent life insurance (typically $ 5,000 - $ 40,000) that you can purchase to give your family the protection that they need to cover the funeral and all other related costs.

If eligible, at the end of the term period the benefit may be converted to a qualified permanent life insurance policy for up to five times the original amount, regardless of the child's current health.

Flexible Premium Variable Life Insurance: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium paymeLife Insurance: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium Insurance: A type of permanent life insurance policy in which the policy owner may vary the amount or timing of premium paymelife insurance policy in which the policy owner may vary the amount or timing of premium insurance policy in which the policy owner may vary the amount or timing of premium payments.

If you choose to convert your policy to permanent coverage down the road, you can convert all or a portion of the face amount to permanent life insurance with no evidence of insurability, i.e. no health questions and no medical exams required.

The cost of permanent life insurance will be dependent on a number of factors, and there's a good chance that you and your best friend could apply for insurance policies and have different premium amounts quoted to you.

A prime benefit of the whole life cover is that it is regarded as a permanent life insurance policy, which is designed to provide the policy holder with a lifetime coverage protection without any changes in the premium amount or the time period.

Unlike whole life insurance, which is considered a type of permanent life insurance, level term policies will eventually come to an end at a specific amount of time based on the policy you purchase.

The cash value of your permanent life insurance policy is the amount of money that is saved within the policy that you can borrow against.

Combining term and permanent life insurance: For some, the combination of term and permanent life insurance can be a way to get the amount of coverage you need, lock into a fixed rate, and secure a policy that won't expire.

With a permanent life insurance policy, there are two different values that you need to be concerned with: cash value and the face amount.

For example, if you needed $ 500,000 of whole life insurance for the next 20 years (new mortgage, young dependents still at home, etc.) but could budget for only half of that amount, you could split the limit between a permanent policy and a 20 - year term policy.

A permanent life insurance policy where the policyholder controls the premium and death benefit amounts.

You can pay premiums for a permanent life insurance policy, as described above, or get a term life insurance policy, in which you'll pay premiums for a set amount of time (say, 30 years) before the policy runs out and you're no longer insured.

Whole life insurance: The most common type of permanent life insurance, in which premiums generally remain constant over the life of the policy and must be paid periodically in the amount specified in the policy.

While the premium for permanent life insurance may initially be higher than that of term life coverage, in most cases, the amount due will not increase over time — regardless of how long the insured keeps the policy.

It's simple to borrow against the cash value of a permanent life insurance policy as there are no loan requirements or qualifications aside from the amount of cash value you have available.

To help prepare for life's unexpected expenses, the Farmers Graded Benefit Whole Life is a life insurance policy for those who want permanent insurance coverage with guaranteed cash values and guaranteed level premiums with a lower face amolife's unexpected expenses, the Farmers Graded Benefit Whole Life is a life insurance policy for those who want permanent insurance coverage with guaranteed cash values and guaranteed level premiums with a lower face amoLife is a life insurance policy for those who want permanent insurance coverage with guaranteed cash values and guaranteed level premiums with a lower face amolife insurance policy for those who want permanent insurance coverage with guaranteed cash values and guaranteed level premiums with a lower face amount.

When purchasing a final expense life insurance policy, it is important for an applicant to determine the type of coverage that they need — term versus permanent — as well as the amount of coverage that will be appropriate for their specific needs.

However, the policy does not provide any returns beyond the death benefit (the amount of insurance purchased); the policy has no additional cash value, unlike permanent life insurance policies, which have a savings component, increasing the value of the policy and its eventual payout.