Sentences with phrase «as additional life insurance policies»

More commonly, you may choose to pick up the employer sponsored coverage as well as additional life insurance policies meant to serve specific purposes or meet your family's life goals.

Not exact matches

Since the growth of your policy's cash value is tax - deferred, variable life insurance might be a good consideration if you've maxed out your retirement account contributions, have a sizable portfolio of more liquid assets (such as in your brokerage and savings accounts), and are looking for an additional investment vehicle that also offers coverage to your dependents should anything happen to you.

We do everything possible to ensure the health and safety of our surrogates, including the provision of a life insurance policy as additional financial security for the surrogate's family.

This is when Coverage D in your home insurance policy kicks in, better known as loss of use (LOU) or additional living expenses (ALE) coverage.

A basic renters insurance policy might provide $ 15,000 of personal property coverage as well as $ 5,000 of additional living expense coverage.

Optional Riders: Additional benefits such as Children's Term Insurance, Grandchild Term Insurance, Accidental Death and Dismemberment, Waiver of Premium, and Accelerated Living Benefit may be added to some policies as riders.

This rider is also known as paid - up additional insurance and is available on participating whole life insurance policies.

If you had a renters insurance policy, it would pay for a hotel as well as your additional living expenses.

And while perhaps not as exciting an investment as individual stocks or mutual funds, the flexibility of these policies in regard to withdrawing funds, along with their tax - favored nature, makes them worthy of consideration by investors who are looking for a means of building up additional savings, especially if they are also looking for life insurance coverage.

Now compare these rates to a guaranteed lifetime rate of return averaging 4 % in a whole life policy from a mutual life insurance company, AND don't forget to add an additional 3 - 4 % on top as an average annual whole life insurance dividend.

Whole life insurance policies are regularly ten times the cost of term life insurance as you're paying for permanent coverage, additional administrative costs plus funding the investment account.

Once you file that claim with your Buffalo Renters Insurance, your policy will cover the loss to your personal property, as well as additional living expenses if you have to stay in a hotel for a few days while they dry the mess out.

For mortgage protection insurance, these forms of additional coverage are added on to policies and are known as living benefit riders.

Critical Illness Cover can be added as an additional cover to a Life Insurance or a Decreasing Life Insurance policy when you apply **

The MSO, available for an additional fee, offers growth potential (up to a cap) as well as some downside protection, which may help you to address volatility concerns in your variable life insurance policy.

You are allowed to continually add to your policy in addition to your normal premium through vehicles known as life insurance supplement riders, additional life insurance riders, or paid up additions.

Thus, it makes sense to roll the dividends back into the policy by purchasing additional whole life insurance so that your cash value grows, compounded by a guaranteed interest rate and dividend growth and your death beenfit grows, so you leave as much money as possible to your estate.

According to the life insurance agent's chart, after 30 years the cash value of the whole life policy will be well into six figures, and will also serve as an additional retirement plan.

Also, there are additional fees and charges associated with a variable universal life insurance policy that are not found in a whole life policy, such as management fees.

The standard renters insurance policy in Kansas also offers coverage for additional living expenses following a covered loss, as well as a small medical payments to others coverage.

You can usually add the person you're living with as an additional named insured to your renters insurance policy.

Dietz - Graham said you may also want to budget for additional expenses such as making a will if you don't have one, or a life insurance policy to take care of your child if something should happen to you.

You should talk to a financial adviser before deciding whether or not a permanent life insurance policy is the right path, but if you've already maxed out other investment options like an IRA, life insurance might work as an additional vehicle.

Insurance Products: Companies selling no - lapse premium guarantee life insurance policies may have additional solvency risks — a vital consideration if you are considering them as a new or replacemenInsurance Products: Companies selling no - lapse premium guarantee life insurance policies may have additional solvency risks — a vital consideration if you are considering them as a new or replacemeninsurance policies may have additional solvency risks — a vital consideration if you are considering them as a new or replacement policy.

When permanent cash value life insurance is used for an executive bonus plan, as opposed to term life insurance, the accruing cash value of the policy can offer an additional incentive to the employee (know the difference between term life vs whole life).

As a result McKnight recommends investing in a cash value life insurance product that provides the least amount of insurance the IRS requires, while flooding the policy with additional money up to the IRS limit.

Variable universal life offers flexible life insurance protection and cash value growth potential to use as retirement income or for other expenses.1 The optional riders (available for an additional change) let you customize a policy to fit your needs.

As your child grows into an adult, this rider allows you to buy additional life insurance above the face value of the current policy (on specific dates and in certain increments) regardless of his / her health status at the time.

As opposed to being an individual life insurance policy, paid up life insurance can actually be an additional rider to a whole life insurance policy that gets offered by numerous companies.

Some companies may want to add an additional layer of benefits to the employee, and might use the life insurance policy as a makeshift deferred benefit plan, dedicating a certain percentage of the death benefit to the employee's beneficiaries, rather than just the company.

The company offers additional life insurance policy types as well.

These policies are also referred to as Hybrid life insurance due to the fact it has new and additional benefits.

As stated, coverage like additional living expenses isn't a guarantee with every basic mobile home insurance policy.

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.

Life insurance has fees and charges associated with it that include costs of insurance that vary with such characteristics of the insured as gender, health and age, and has additional charges for riders that customize a policy to fit individual needs.

A basic renters insurance policy with $ 15,000 of personal property and $ 100,000 of liability, as well as $ 1,000 of medical payments to others and $ 4,500 of additional living expense coverage might cost around $ 125 - $ 150 a year for most people.

As with most life insurance, you'll likely find you can customize your policy with additional riders.

Available as both riders in life insurance policies or separate formats, these provide additional finances if the person has to be kept at home for treatment or there is a loss in income.

Optional Riders: Additional benefits such as Children's Term Insurance, Grandchild Term Insurance, Accidental Death and Dismemberment, Waiver of Premium, and Accelerated Living Benefit may be added to some policies as riders.

If you had a renters insurance policy, it would pay for a hotel as well as your additional living expenses.

Both Term and whole life insurance policies have optional riders such as disability waivers, spouse riders, children's riders, additional accidental coverage, and so forth.

You should talk to a financial adviser before deciding whether or not a permanent life insurance policy is the right path, but if you've already maxed out other investment options like an IRA, life insurance might work as an additional vehicle.

If you already have a life insurance policy, this is a personal decision as to whether or not you want to pay the additional premiums; there's no other detriment to having multiple life insurance policies from multiple sources.

Provides additional coverage with the same features as a Mortgage Life insurance policy.

If you need to increase your coverage, but buying an entirely new policy would be too expensive as your rate has increased in the intervening years, buying a smaller, additional life insurance policy can be more cost - effective.

Whole life insurance policy owners can elect to receive dividends in cash or choose other options such as paid - up additional life insurance.

Since the growth of your policy's cash value is tax - deferred, variable life insurance might be a good consideration if you've maxed out your retirement account contributions, have a sizable portfolio of more liquid assets (such as in your brokerage and savings accounts), and are looking for an additional investment vehicle that also offers coverage to your dependents should anything happen to you.

An additional important detail is that when the person insured is a minor, the life insurance policy is generally owned by the purchasing adult until the child reaches the age of majority as defined by state law.

Whenever you purchase life insurance, there are additional options known as Riders that you can add to the policy to make it even more beneficial to you or your family.

Life insurance policy riders can provide policy holders with additional benefits, as well as increase peace of mind that if something happens, there will still be an adequate amount of coverage.