Sentences with phrase «buy additional amounts of insurance»
With this rider an insured has the right to buy additional amounts of insurance on specific option dates without evidence of insurability, at standard rates.
https://www.statefarm.ca/
Buy additional amounts of insurance, on specific option dates, without a medical exam, at standard rates.
Not exact matches
Guaranteed Insurability: An insurance policy provision that allows the insured to buy additional fixed amounts of life insurance at fixed time intervals without evidence of insurability.
Guaranteed Insurability: An insurance policy provision that allows the insured to buy additional fixed amounts of life insurance at fixed time intervals without evidence of insurability.
These reasons for a change in the face amount can include additional paid up insurance bought with dividends, a face reduction for the purpose of saving money on insurance costs, and having an increasing death benefit based on cash value.
For example, the businessman buying life insurance on a business partner can only purchase insurance that equals an objective valuation of the business partner's share of the business, unless he can justify an additional amount.
Most policies allow these earnings to be taken in cash, used to buy additional life insurance, or to help reduce the amount you might pay out of pocket to fund the policy.
Most group sponsored plans allow employees to buy a certain amount of additional life insurance coverage, but even that might not meet their needs.
I certainly appear to be out to set a record for the most reasons to buy life insurance at a time when people have the least amount of money, so bear with an additional thought.