Sentences with phrase «benefit of a term life policy»

Although term life insurance does provide a guaranteed death benefit for a period of time, the nerds (actuaries) at the home offices of the major insurance companies know very well you will likely never cash in on the death benefit of a term life policy.

A great benefit of term life policy for the seniors over 60 is that a high - quality plan will help close the gap which can happen for the survivor who receives Social Security benefits.

This way you get the benefit of the term life policy and the investment in your future without any of the nasty fees that most investment life insurance accounts have.

The benefits of a term life policy do not last as long, but neither do their premiums cost as much.

A minimal amount of term insurance premium dollars needs to go toward funding the death benefit of a term life policy, because a significant portion of the premium calculation resides in the payout ratio or probability of loss — death of the insureds.

Do you want the whole life guarantee of a lifetime benefit, or the shorter - term benefit of a term life policy, which costs less per year?

The death benefit of a term life policy is paid out if the insured person dies during the duration of the policy «term».

Not exact matches

In this section, provide employees with a general overview of the benefits you offer in terms of health care, dental, vision, life insurance, etc., but don't discuss specific policies with specific companies.

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

The benefit of term life insurance policies is that they can be structured to fit your financial situation, as you can customize several features of the policy:

Due to the lifetime coverage and cash value, whole life insurance costs considerably more, meaning it can easily come to 10 times the cost of a term policy with the same death benefit.

Term life insurance policies are quite cheap and can come with a variety of riders offering such assistance as disability income, waiver of premiums, and an accelerated death benefit in the case you become permanently disabled.

Unlike decreasing term life insurance, the death benefit of ART policies does remain the same.

With term and permanent life insurance, you make premium payments so that in the event of your passing, your loved ones and beneficiaries will receive the death benefit proceeds from the policy.

Banner Life's term policy includes an accelerated death benefit rider and allows an individual to cash out up to 75 percent of the death benefit if you are diagnosed with a life expectancy of twelve months or lLife's term policy includes an accelerated death benefit rider and allows an individual to cash out up to 75 percent of the death benefit if you are diagnosed with a life expectancy of twelve months or llife expectancy of twelve months or less.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

If, for example, you received a significant promotion and raise 5 years after purchasing term coverage, you might want to convert to a permanent life insurance policy to take advantage of the tax benefits and receive dividends.

«In addition, each of them receives a benefit package that includes 100 % paid health insurance, short term and long tern disability insurance and a life insurance policy for free, two weeks paid vacation, plus 8 paid personal or sick days and 50 cents on a dollar matching contribution to a retirement plan.

According to the National Association of Insurance Commissioners (NAIC), mortgage insurance lenders pay out only about 40 cents in benefits for every dollar spent by consumers on this type of policy, while it is 90 cents on the dollar paid out to consumers with regular term life insurance policies

The policy document has all of the pertinent information about the life insurance policy: the term, the death benefit amount, policyholder details, and so on.

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the polTerm life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the polterm» of the policy.

As an added benefit, the life insurance death benefit of the new hybrid policy would pay off her mortgage if she passed away, assuming she didn't use the policy for long - term care.

A return of premium life insurance policy is one where, minus very negligible fees, your premium payments are refunded to you at the end of the term (assuming the death benefit hasn't been paid out, of course).

A long - term care insurance policy will provide you with a monthly benefit if you are unable to perform 2 of the following 6 activities of daily living (ADL):

b) With Extended Life Cover: The policyholder also has the option to choose for Extended Life Cover benefit at inception of the policy by paying additional premium throughout the premium paying term.

Although the death benefit of a term life insurance policy can be used any way the beneficiary chooses, the funds are commonly used for:

Term life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the polTerm life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the polterm of the policy.

Filed Under: Banking Advice Tagged With: angry retail banker, Bureau of Labor and Statistics, captive agent, cash value, death benefit, insurance agent, insurance broker, life insurance, policy, PolicyGenius, premium, quote, retail banker, retail banking, term life insurance, universal life insurance, variable life insurance, variable universal life insurance, whole life insurance

Maturity Benefit: In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the Maturity benefit shall be paid as Sum Assured on Maturity to the policyholder for all premium payment term and policyBenefit: In case the Life Insured survives till the maturity of the Policy and all premiums are duly paid, then the Maturity benefit shall be paid as Sum Assured on Maturity to the policyholder for all premium payment term and policy Policy and all premiums are duly paid, then the Maturity benefit shall be paid as Sum Assured on Maturity to the policyholder for all premium payment term and policybenefit shall be paid as Sum Assured on Maturity to the policyholder for all premium payment term and policy policy terms.

and Sum Assured on Maturity as Maturity benefit at the end of the Policy term in case the Life Insured survives till that period and all premiums have been duly paid.

Term life insurance pays a death benefit to the policy beneficiary if the policyholder dies within the term of the polTerm life insurance pays a death benefit to the policy beneficiary if the policyholder dies within the term of the polterm of the policy.

Term life insurance policies are temporary and only pay out a death benefit to the beneficiary if the policyholder dies within the term of the polTerm life insurance policies are temporary and only pay out a death benefit to the beneficiary if the policyholder dies within the term of the polterm of the policy.

With most term life insurance policies, the death benefit — the portion of money that's paid out to beneficiaries — works the same way.

The benefit of term life insurance policies is that they can be structured to fit your financial situation, as you can customize several features of the policy:

The main difference between term life and permanent insurance is that term insurance only pays death benefits to your beneficiaries, while permanent life insurance pays out death benefits and accumulates cash value which will continue to build up over the life of the policy.

Although there are benefits to all types of coverage, and each policy has its place, in our opinion there is a clear advantage of cash value life insurance vs term life.

2To be eligible for the CoverMe Term Life Living Benefit, you must be less than 83 years of age and your policy must be in effect for at least two years.

And if you are in need of a larger death benefit initially than your budget allows, you can add a term life rider to your policy to enhance your initial death benefit.

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

The benefit of combining the two insurances into one policy is you get life insurance death benefit coverage, help with your long - term care services, cash value growth that can be accessed via policy loans, with full cash surrender value plus return of premium if necessary.

Indexed Universal Life, Universal Life and Term products issued by and all policy benefits are the responsibility of Accordia Life and Annuity Company, 215 10th Street, Des Moines, Iowa.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

Apart from all these benefit SBI life Smart Money Back plan offers a free look period of 15 days under which the insured can cancel the policy if he / she is dissatisfied with the terms and condition of the policy.

In contrast to term insurance, a whole life insurance policy pays the death benefit stipulated in the contract upon the death of the insured, regardless of when it may occur.

The universal life insurance with long - term care rider policy provides customization of the benefits period, including 2 - 7 year benefit periods.

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.

The benefit of doing this is ensuring you have full control over your term life policy.

As with most IUL policies, the primary benefit of IUL insurance is the early cash value growth, and the Accumulation IUL ranks as one of the best in class, competing with only Pacific Life and Lincoln National in terms of overall performance.

The term conversion rider is great for young people just starting out with a term life insurance policy, who may be considering the benefits of permanent coverage but are not quite yet willing to make a commitment.

For purposes of this post, it just needs to be understood that we can bridge the deficiency of not having enough coverage in our banking policy with a term rider, which can be used to add convertible term life insurance (which results in an increase to the death benefit).