Sentences with phrase «consider graded benefit»

Not exact matches

Now, besides essentially committing oneself to the company to years until degree completion + employer buffer period to take full advantage of the benefit, one also has to consider that they will likely be at the same job (and possibly pay grade) for several years.

Those individuals that wouldn't get approved even at the substandard rates are also considered high risk, and there are other types of life insurance they may qualify for such as Simplified Issue Graded Benefit or Guaranteed Issue life insurance, which we'll discuss in more detail.

If you are looking for adequate burial insurance for over 90 years, then graded benefit is the type of insurance that you should consider.

They are typically considered guaranteed issue or instant issue rated death benefit policy and graded means there's that waiting period.

Further, you may need to consider fully underwritten, simplified issue or graded benefit disability income protection coverage.

Those who would be considered high - risk are typically declined for coverage initially but may qualify for what is called a «graded death benefit.»

All life insurance policies vary, so be sure you fully understand how the graded death benefit clause is structured for the policy you are considering.

Worst case scenario, even if someone dies during the graded death benefit period, nothing has really been lost because one can simply consider the payments made as a «savings account» since this money will be returned to the designated beneficiary.

However, it does come with a graded benefit so that needs to be considered when deciding on what policy is best for you.

Each company will have their own rules and regulations in cases like these, we recommend that you fully understand the graded death benefit clause of the different insurance companies that you are considering to be sure that you're making the right decision for you and your family.

Which is why before you ever consider purchasing a guaranteed issue life insurance policy you will want to fully understand the graded death benefit attached to it.

This is why it's so important to fully understand the graded death benefit for the policy you may be considering.

A graded life death benefit means that in the first two or sometimes three years, your beneficiary will not be eligible to receive the guaranteed issue life insurance death benefit if the insured dies from what is considered an «natural» cause of death.

If you have a pre-existing health condition that precludes you from getting approved for a traditional policy, we may have to consider a graded death benefit life insurance plan.

In most cases (be sure to check with the policy you are considering), what you'll generally find is that in the event that the insured dies from natural causes during the graded death benefit exclusion period, most if not all of the premiums paid by the insured will be refunded to the insured's beneficiaries plus some type of interest payment based on how long the insured had been making payments!

Now the good news is that there will be a few options that we can consider, the bad part is that most (if not all) of these options will be limited to about $ 25,000 dollars in coverage, and will contain what is called a Graded Death Benefit.

Another agent suggested that it was unlikely they could get traditional life insurance given all of the declines and that they should consider a guaranteed issue graded death benefit policy.

The same logic allows students with better grades in examinations to benefit as they are considered to be safer than their friends.

An agent suggested that it was unlikely they could get traditional life insurance given all of the declines and that they should consider a guaranteed issue graded death benefit policy.