Sentences with phrase «because life insurance death benefits»

One important consideration to remember is that just because life insurance death benefits are almost always federal income tax free the death benefit may still be subject to federal estate taxes.

Because life insurance death benefits that are paid to charities are not subject to taxation, the charity will be able to obtain the full face amount of the proceeds.

Because a life insurance death benefit usually isn't considered taxable income, income tax usually doesn't apply.

Because a life insurance death benefit usually isn't considered taxable income, income tax usually doesn't apply.

Not exact matches

AIG is our favorite insurer for guaranteed acceptance life insurance because their prices are competitive and they let you accelerate death benefits if you become ill.

Because your life insurance premiums are paid with after tax dollars, the death benefit is able to be paid out in lump sum without any state or federal taxes being withheld.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

Term life insurance is affordable because it does not accrue a cash value and only pays the death benefit.

To illustrate, understand that very few «term life policies» ever pay a death benefit because the insurance company has determined that the policy will likely expire before the death benefit is ever paid... and most do.

We recommend term life insurance over mortgage life insurance if you're in good health because you'll get cheaper quotes and the death benefit goes to the beneficiary you choose.

AIG is our favorite insurer for guaranteed acceptance life insurance because their prices are competitive and they let you accelerate death benefits if you become ill.

Simply put, second to die or survivorship life insurance differs from all the other types of life insurance because it insures the lives of two people AND only pays a death benefit upon the death of the last survivor.

But because it pays on the first death, the probability that the insurance company has to pay a death benefit is similar to having two single life policies.

Life insurance is beneficial because the death benefit is typically exempt from the probate process (which is when these «Who pays for what?»

This rider is critical, particularly if you are considering life insurance for children or young adults, because if the insured develops a disease or become uninsurable during the policy period, the insurance company allows the insured to increase his or her total life insurance coverage and death benefit at specific times.

Because the death benefit amount of your cash value life insurance policy may change over time as its cash value grows, make sure to specify a percentage of the proceeds to go to your beneficiaries rather than selecting a dollar amount.

So, if your company is the beneficiary, which is kind of the point of key person insurance, then the premiums are not deductible (similar to a personal life insurance contract) because the death benefit is not subject to taxation.

AIG is our favorite company for guaranteed issue whole life insurance because they also offer the option of accelerating the death benefit if you become ill.

Whole life insurance is much more expensive than term life insurance — often 4 times as expensive for the same death benefit — because the premiums are going toward: the accumulating cash value, fees and charges (more on this later), and the death benefit (i.e., the life insurance).

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

When comparing guaranteed universal life to traditional whole life insurance, the discussion shifts away from guaranteed vs. non-guaranteed because whole life insurance offers a guaranteed death benefit WITH guaranteed cash value accumulation.

Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum death benefit.

However, some life insurance companies have recently begun offering «beginner» life insurance policies that are inexpensive, but only pay a death benefit if you die because of an accident.

Cash value life insurance is more applicable to wealth building discussions because cash value is typically used during the policy owner's lifetime and is forfeited upon death in lieu of the death benefit being paid to surviving beneficiaries.

But because it is life insurance, it also provides an accelerated death benefit that allows you to access your death benefit if you are diagnosed terminally ill, with some whole life insurance policies also covering chronic illness and long - term care.

Because the death benefits decrease over time, these policies tend to be more affordable than a standard term life insurance policy.

They are less expensive than individual life insurance because they're paying out the death benefit farther in the future i.e. on the death of the second spouse.

We have never considered variable or permanent life insurance because we prefer to avoid combo type accounts that try to kill two birds with one stone by offering you death benefits plus an investment account to boot.

This is because term life insurance offers just a pure, death benefit protection option — without any cash value or savings build up.

Jeremy Hallett, founder of online insurance marketplace Quotacy, said in an interview that premiums are typically 10 times higher for whole life policies than they are for term life policies with the same death benefit because permanent insurance provides coverage for life with guaranteed level premiums.

Because of this, term life insurance can provide policyholders with a very affordable and cost effective way to purchase a large amount of death benefit for a low premium outlay.

The point of a term life insurance policy is to terminate when the term is up, because at that point you'll probably have fewer expenses (mortgage, college, kids) and won't require the death benefit.

Premium payments are also fixed for the term of the policy, but because a death benefit payout is expected more often than not, premium rates are often higher than with term life insurance.

Because it offers flexibility and a cash value option, guaranteed universal life insurance offers policy holders many possible ways to put the cash value and death benefit to work for them, some of which include:

With term life, there is death benefit protection only, with no cash value build up — and because of that, term life insurance can frequently cost less than a comparable permanent life insurance policy (all other factors being equal).

Because of that, permanent life insurance policies are often used as financial planning tools that can serve many more purposes than just simply paying out a death benefit.

Guaranteed universal life insurance is a solid option for estate planning life insurance because it provides a permanent death benefit at a relatively low cost.

Quick Tip: The objection that whole life insurance shouldn't be used for self banking because it is expensive is based upon the faulty premise that a whole life policy can only be designed for maximum death benefit.

Because assets may take decades to appreciate into their full value, you could die before your investment has matured, and your loved ones would benefit much more from the life insurance death benefit than from what you have stashed away.

Many people opt for a guaranteed universal life insurance policy because of the low premiums and high death benefit.

Because term is so much cheaper than whole life insurance, you can buy a lot more coverage (meaning a larger death benefit) for the same amount of money.

Guaranteed issue life insurance is sometimes referred to as a «last resort»; because the insurer really has no idea about what they're insuring, guaranteed policies are very expensive and the death benefits are usually less than what you'll get with other insurance types.

Because the premium for survivorship insurance is based on joint life expectancy, the cost is usually less (per thousand dollars of death benefit) than it would be for a policy covering either life alone — and significantly less expensive than buying two separate policies.

Because whole life insurance has an investment component and a guaranteed death benefit no matter what age you die, it will always be more expensive than term life insurance.

I think life insurance is a much safer bet than Vegas, because if you die while your life insurance policy is «In Force» your beneficiary will receive the death benefit, but in Vegas your odds aren't even 50/50 on any form of gambling.

That is because with term life insurance, the insured is protected with a death benefit, and there are no other «bells and whistles» included on the policy, such as a cash or savings component.

The term life insurance policy is more affordable because it pays out death benefits only.

If your health situation is one that does not allow you to get a traditional life insurance policy, because you may have recently had cancer or a heart attack or some kind of major health issue that does not allow you to get a traditional policy, then you may want to look into something called a graded death benefit policy.