Sentences with phrase «certain life insurance riders»

You can add certain life insurance riders to your policy to gain protection for a disability, long term care, and critical illness.

You can add certain life insurance riders to your policy, such a Paid Up Additions rider, to greatly increase your cash value.

Not exact matches

Riders are useful as they allow you to tailor your life insurance policy and gain certain benefits that aren't available with the standard coverage.

The overloan protection benefit rider protects your policy from lapsing in the event that your life insurance loan exceeds a certain threshold.

In addition, on certain policies with specific life insurance companies, the WOP rider will also waive premiums due on the supplemental life insurance riders, guaranteed insurability riders and renewable term riders.

The return of premium rider, available for return of premium life insurance policies, and also on certain long - term care policies, disability insurance, etc., will return all of your premiums paid over the life of your policy should the term come to an end or should you wish to surrender the policy.

Riders are useful as they allow you to tailor your life insurance policy and gain certain benefits that aren't available with the standard coverage.

This optional rider allows your kid to opt for more life insurance at specific ages and after certain life events, such as marriage and having a child of their own.

The program has certain requirements, including the requirement that a qualifying LTC insurance policy include a mandatory 5 % compound interest rider for certain states, while other states simply want any compound interest cost of living adjustment.

Long Term Care Insurance definition: any insurance policy or rider that provides coverage for costs and services, including maintaining, diagnosing, rehabilitating and personal care services provided by certain organizations, including assisted living facilities, nursing homes and in - hInsurance definition: any insurance policy or rider that provides coverage for costs and services, including maintaining, diagnosing, rehabilitating and personal care services provided by certain organizations, including assisted living facilities, nursing homes and in - hinsurance policy or rider that provides coverage for costs and services, including maintaining, diagnosing, rehabilitating and personal care services provided by certain organizations, including assisted living facilities, nursing homes and in - home care.

For instance, a number of insurance companies offer life insurance riders known as «over-loan protection riders» that come into play when certain parameters are exceeded to avoid the issue of lifetime distributions exceeding basis and triggering a tax liability.

This type of rider allows you, under certain circumstances, to receive the proceeds of your life insurance policy before you die.

Under certain circumstances, you can receive life insurance death benefits early through an accelerated death benefit rider to get access to money early so your family doesn't have to struggle through your final years.

Note that if you have certain riders, such as paid up additions or life insurance supplement riders, failure to pay interest on your loan when due may result in an increase to your minimum rider premiums.

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.

Living Benefits Rider With some life insurance policies, this rider enables insureds to receive a specified portion of the policy's death benefit before the policyowner insured's death if certain conditions are met.

The GIO rider allows the insured to buy more life insurance without evidence of insurability at certain ages, or alternatively, on special occasions, such as marriage or the birth or adoption of a child.

There are certain beneficial whole life insurance riders that contribute to the overall performance of the policy.

This type of rider allows you, under certain circumstances, to receive the proceeds of your life insurance policy before you die.

As an alternative, most life insurance policies can include an accelerated death benefit rider that allows for tax - free payments to cover medical care in certain «critical» circumstances.

Riders are useful as they allow you to tailor your life insurance policy and gain certain benefits that aren't available with the standard coverage.

In addition, this rider will only allow you to purchase additional life insurance at specified times or for certain life events - called option dates.

Many term life insurance policies will offer certain riders that can be added to the plan that can enhance the coverage.

Most insurance carriers offering single premium life insurance plans also offer certain riders to go along with them.

A new feature offered by certain whole life insurance policies is a rider that lets you start drawing up to 2 percent or $ 330 per day of your death benefit — not your cash value — for long term care needs.

As we start to realize the importance of life insurance, we're now starting to take advantage of certain «riders» and these are additions you can make to your policy.

Six states — Kentucky, Maine, New Hampshire, Oregon, Washington and Wisconsin — have already passed various versions of a life insurance disclosure requirement, legally mandating that insurance carriers notify seniors in certain circumstances of the alternatives to lapse or surrender of their policy (e.g., accelerated death benefit or available riders, assignment of policy as a gift, life settlement, policy replacement, etc.).

Accelerated benefit riders can allow policy holders to access the death benefit in their life insurance policy while they are still living if they meet certain conditions.

Guaranteed Insurability Rider DEFINITION: an optional rider attached to permanent life insurance policies that allows the owner to elect to purchase additional life insurance death benefit coverage periodically at certain attained ages, or alternatively, upon certain special occasions such as marriage and the birth of a child.

A life insurance rider is an add - on to the primary policy, which offers benefits over and above the policy subject to certain conditions.

The guaranteed insurability rider gives the owner of a life insurance contract the opportunity to add death benefit coverage to the policy at certain points in the insured person's life.

Certain types of whole life insurance policies can provide unique estate planning benefits, such as the ability to add an «accelerated death benefit» or long - term care rider.

The program has certain requirements, including the requirement that a qualifying LTC insurance policy include a mandatory 5 % compound interest rider for certain states, while other states simply want any compound interest cost of living adjustment.

Long Term Care Insurance definition: any insurance policy or rider that provides coverage for costs and services, including maintaining, diagnosing, rehabilitating and personal care services provided by certain organizations, including assisted living facilities, nursing homes and in - hInsurance definition: any insurance policy or rider that provides coverage for costs and services, including maintaining, diagnosing, rehabilitating and personal care services provided by certain organizations, including assisted living facilities, nursing homes and in - hinsurance policy or rider that provides coverage for costs and services, including maintaining, diagnosing, rehabilitating and personal care services provided by certain organizations, including assisted living facilities, nursing homes and in - home care.

In addition, on certain policies with specific life insurance companies, the WOP rider will also waive premiums due on the supplemental life insurance riders, guaranteed insurability riders and renewable term riders.

AD&D insurance is a supplemental life insurance rider added to an existing policy that will pay you or your beneficiaries a certain sum of money should you be killed or dismembered in an accident or soon thereafter.

This optional rider allows your kid to opt for more life insurance at specific ages and after certain life events, such as marriage and having a child of their own.

The overloan protection benefit rider protects your policy from lapsing in the event that your life insurance loan exceeds a certain threshold.

For instance, a number of insurance companies offer life insurance riders known as «over-loan protection riders» that come into play when certain parameters are exceeded to avoid the issue of lifetime distributions exceeding basis and triggering a tax liability.

The GI rider lets an insurance policyholder adjust the death benefit coverage to their policy at certain times of their life.

This additional coverage (called «riders») will allow you to be reimbursed for certain services, such as health insurance premium payment or daycare services for both children and an elderly parent or sick life partner.

Term conversion rider — A rider that gives you the flexibility to convert your term life insurance policy into a permanent policy within a certain amount of time without undergoing another medical exam.

Most children's life insurance has a guaranteed insurability rider that states that when they reach a certain age, usually 23, they are guaranteed that they can increase the policy size to a grown up amount without evidence of insurability.