Sentences with phrase «buy additional life insurance»

For example, getting married, buying a home, having children, and getting a promotion at work are all possible reasons to buy additional life insurance.

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.

And if it has a guaranteed purchase option, it will allow your young relative to buy additional life insurance coverage if needed in the future.

Regardless of your situation now you will find that later on you need to buy additional life insurance.

Every year you receive a dividend from the insurance company you can elect to buy additional life insurance with the proceeds.

If a policyholder decides at the end of the the deposit term life policy period that he or she would not like to buy additional life insurance, then he or she has the option to take out the money that was deposited.

An option that allows the policyholder the right to buy additional life insurance at specific times in the future, without having to answer questions about his or her health.

A guaranteed insurability rider, also called a GI rider, is a life insurance rider which allows the owner of a life insurance policy to buy additional life insurance with no underwriting.

• Receive Cash — Generally payable annually in the form of a check on the anniversary date of the policy • Use Towards Premiums — Instead of taking the dividends as cash, you can apply the money towards your policy premiums • Let Dividends Accumulate — Means that you accumulate your dividends as interest and can withdraw anytime but will be required to pay taxes on any interest accrued • Buy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separate rider

A business can help certain key executives buy additional life insurance using an executive bonus plan.

If you decide to buy additional life insurance coverage, or you want to shop around and see what your quotes would be for an entirely new life insurance policy, you should take a look at our life insurance quote comparison tool.

The guaranteed insurability rider allows you to buy additional life insurance at a later date.

Your employer also might offer you the chance to buy additional life insurance under a group policy.

With a Guaranteed Insurability Rider, you have the option to buy additional life insurance at a later date, without the need for a medical exam, and at the same health classification as you currently qualify for.

Most riders allow you to choose to buy additional life insurance at various stages or at specific ages.

And, some policies contain guaranteed purchase options, which allow you to buy additional life insurance coverage at specified times, regardless of your health.

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.

If you can't change your beneficiary, you may want to buy additional life insurance or retirement plans that will include your new spouse.

Moreover, as the child matures, he or she may have the option of buying additional life insurance in the future, providing protection for their own family.

As well as making sure your child will have the option of buying additional life insurance in the future, no matter your child's health status, or occupation.

Not exact matches

Guaranteed Purchase Option Rider: allows the insured to purchase additional life insurance coverage with no evidence of insurability at specific ages or for specific events, such as marriage, buying a home and the birth of a child.

Unlike most products we buy, life insurance companies don't take that additional premium and put it into their annual profit — they don't run out and spend it.

However, if you only need financial coverage for a particular period of time, you would probably be better served buying a term life insurance policy with an additional insured rider.

One can also consider splitting of term insurance policies ie buying additional cover depending on the life stage.

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.

Paid - Up Additions Dividend Option: life insurance dividends allow you to choose different options, such as taking the cash out or buying additional paid up life insurance.

Additional Insurance Agreement — option to buy paid up additional life insurance to increase the policy's deatAdditional Insurance Agreement — option to buy paid up additional life insurance to increase the policy's deathInsurance Agreement — option to buy paid up additional life insurance to increase the policy's deatadditional life insurance to increase the policy's deathinsurance to increase the policy's death benefit.

Perks: Competitive salary; 25 days holiday (with an option to buy additional days) plus statutory bank holidays; Group personal pension plan with employer contributions; Flexible benefits including health / dental cover, child care vouchers, insurance and discounted shopping; Life assurance; Interest - free season ticket loans for travel; Funding for the GDL / LPC (including a maintenance grant); Membership to the JLD or equivalent.

If you're a smoker or use virtually any type of tobacco products and you have purchased life or health insurance in the past, you must know by now that your tobacco use will cost you an additional tobacco rate when you buy these types of insurance products.

Further, you can always add additional coverage or buy a new policy when you are not so financially strapped but at least you have some life insurance in the interim.

The whole life insurance policy is a plan that you buy for a fixed number of years with a fixed premium rate, and it has the additional advantage of qualifying you for investment benefits against which you can borrow without being taxed.

It's common to buy enough life insurance to replace your after - tax income until your children turn 18, plus an additional amount to cover education expenses or debts.

That said, consumers who want to buy cash value life insurance through traditional insurers can lower the total commission by blending term and permanent policies to start with, and then buying additional permanent coverage over time to replace the term life component.

Dividends can be used for many things but the most popular option is paid up additions, which allow you to buy paid up additional life insurance, increasing your death benefit and cash value.

Many agents these days are pushing whole life and / or will try you to persuade you to buy an insurance rider (additional coverage).

For additional uses for ROP term see, «Why Buy Return of Premium Term Life Insurance.»

An additional exemption under Section 80C will encourage people to buy adequate life insurance to protect their family's financial future, while getting a tax benefit.

For more comprehensive comparative information, see additional reasons to buy individual term insurance over AIPCA group life.

This form collects additional contact, medical and lifestyle information that is required whenever you buy life insurance.

Life Insurance Corporation of India, the leading government - owned life insurer in India, is all set to buy additional stake worth Rs. 178 Crores of Oriental Bank of Commerce, a leading public - sector bank based out of Gurgaon, InLife Insurance Corporation of India, the leading government - owned life insurer in India, is all set to buy additional stake worth Rs. 178 Crores of Oriental Bank of Commerce, a leading public - sector bank based out of Gurgaon, Inlife insurer in India, is all set to buy additional stake worth Rs. 178 Crores of Oriental Bank of Commerce, a leading public - sector bank based out of Gurgaon, India.

First, if you already have a term life insurance policy and you're looking to buy more protection, check whether the current policy has a conversion rider, which will let you convert it into a permanent policy without going through additional underwriting.

For example, natural disasters aren't covered by basic renters insurance, so if you live in a place where there's a good risk of extreme weather, you may want to buy special additional coverage.

Sometimes a situation will arise where you need to buy additional term life insurance.

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.

While they only have term life insurance plans, there are a few add - ons or additional benefits that you can buy.

Cancer life insurance is one of the additional insurance policies that you should consider buying.

Then, you may consider buying an additional whole life insurance policy to enjoy the additional benefits it can provide.

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.

Certain policies also allow your child to purchase additional life insurance on top of what you bought, no matter their health status.

Many employers who provide a base level of free life insurance, also give employees the chance to buy additional «supplemental» coverage.