Sentences with phrase «appropriate amount of death benefit»

In trying to determine an appropriate amount of death benefit coverage, applicants should thoughtfully consider the financial needs of the surviving beneficiary.

If the goal is to follow the MEC rules, then the wealth building strategy would be to maximize the amount of cash that can be deposited into the policy while maintaining the appropriate amount of death benefit.

Once the type of policy has been determined, the appropriate amount of death benefit should be considered.

If the goal is to follow the MEC rules, then the wealth building strategy would be to maximize the amount of cash that can be deposited into the policy while maintaining the appropriate amount of death benefit.

I will cover appropriate amounts of death benefit coverage you should have at another time, since this post focuses on the cash value benefit of life insurance, which you don't have to die to use.

Not exact matches

Your total net death benefit will now equal the larger of the total specified amount less any indebtedness, the policy value multiplied by the appropriate attained age Guideline Premium Test corridor factor less any indebtedness, and $ 5,000.

The main feature of term life insurance is a death benefit, and as the policyholder, you decide the amount that is appropriate for you.