Sentences with phrase «convert to a permanent policy at»

Purchasing term insurance at a younger and healthier age can provide lower premiums and the possibility to convert to a permanent policy at a later time

Purchasing term insurance at a younger and healthier age can provide lower premiums and the possibility to convert to a permanent policy at a later time

Many, but not all, term life insurance policies include a provision that allows policyowners to convert to a permanent policy at some point during the policy's term.

After the term duration has expired, you'll be forced to pay extraordinarily high premiums, convert to a permanent policy at the age you apply, or simply let go of the coverage.

If he was approved at preferred non-smoker rates for his term insurance, he will be converted to a permanent policy at the same rate class.

This type of policy provides the benefit of obtaining less expensive term life insurance now while maintaining the option to convert to a permanent policy at a later date as insurance needs and financial resources change.

You can convert to a permanent policy at the «Preferred Non Tobacco» rating, WITHOUT evidence of insurability.

One comforting thing is that if you choose to buy term life insurance today you may choose to convert it to a permanent policy at a later date.

At that point you would have to make a choice of dropping the plan, applying for more term insurance at higher prices (with the chance of outliving it again), or converting it to a permanent policy at a higher rate than you would have had to pay 10 or 20 years earlier.

Not exact matches

During the first seven years of your policy, you may convert to any Lincoln Financial permanent product at any time.

At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.

You may want to consider converting to a permanent life insurance policy at this time.

The coverage provided by the rider can be converted to a permanent policy as long as a plan of insurance is available at the additional insured's current age.

The AARP offers term life insurance coverage for members between the ages of 50 to 74 and policies can be converted into a permanent life insurance policy at any point during coverage.

If you have a term policy, you can look at converting a portion of it to permanent insurance to lock in the rates.

If you're looking for the flexibility to convert your term policy into a permanent policy, a term conversion rider can make that process easier than if you were to buy a new permanent at the end of your term policy.

However, if you need more life insurance and have since developed health issues, converting to permanent will likely be cheaper than applying for a new term policy altogether because at that point your health will be taken into consideration.

Ask your agent about options for a renewable term policy, as well as policy riders that include allowing you to purchase additional insurance at a future date regardless of your health, or converting a portion of your term into a permanent policy.

It's usually worth shopping around and sometimes paying a slightly higher premium for a policy that allows you to reduce the face amount of coverage, if desired, as well as to convert all or a part to a permanent policy through at least age 65.

You have the right to convert all or part of your CoverMe Term Life insurance policy to a permanent insurance plan without providing medical information or undergoing a medical examination at the time of conversion.

Even though term insurance is not permanent coverage, you can usually get policies that will run for as long as 20 or 30 years, and may also contain automatic renewal provisions that will allow the term to be extended, or for the policy to be converted to permanent insurance at a later date.

During the first seven years of your policy, you may convert to any Lincoln Financial permanent product at any time.

Thus, at a minimum, we suggest that «convertible term life insurance» is purchased which allows the policy to be converted into a permanent life insurance policy.

Convert your CoverMe Term Life insurance policy to permanent life insurance at any time before age 70 without providing medical information or undergoing a medical examination at the time of conversion — some restrictions apply

The viatical company just uses the conversion priviledge (that most, but not all term policies have, included at no charge) to convert the term insurance policy to a permanent or whole life policy.

If you want low - cost, very affordable premiums, look at term life insurance (but with the option to convert to a permanent policy later on).

Most term policies allow you to convert them to permanent products at any time, without the need for a medical exam.

You may convert your term policy to permanent insurance up to age 65 to age 70, with no medical exam, at your discretion.

Insurance companies that provide the conversion option with their term policies will provide at least one permanent product to convert to.

Child's Term Insurance — term rider providing life insurance for children until age 23, at which point the policy can be converted to permanent coverage.

You might be able to continue coverage beyond the original term at a higher premium, or possibly convert to a permanent policy (subject to age restrictions and policy minimums) while the policy is in force.

Original Age Term Conversion With some term policies that can be converted to permanent coverage, the company agrees to set the premium rate for the permanent coverage at the original age of the insured.

Most term policies allow you to convert them to permanent products at any time, without the need for a medical exam.

Some term policies offer coverage for up to a 30 year period, with the ability to renew or convert the coverage to a permanent policy at the end of the initial 30 year term.

What that means for you is at the end of your term period or age 75, whichever comes first, you will have the options to convert the temporary coverage to a permanent life insurance policy without proof of insurability.

Meaning, the policy can always be converted to a permanent policy no matter what health conditions the primary insured has developed over the years because the policy is converted at the original rate class qualified for.

The AARP offers term life insurance coverage for members between the ages of 50 to 74 and policies can be converted into a permanent life insurance policy at any point during coverage.

At the end of the term, you will have the opportunity to purchase another term, or even it to convert your policy to a permanent insurance policy such as whole life, universal life or variable life.

However, you can choose to convert to a fixed - premium permanent policy at any time during the first 7 years of the term.

At the end of the term, you can choose to convert this policy into whole or permanent life insurance.

For the duration of your policy, the premium will stay exactly the same and you'll also have opportunities to convert your term life to a more permanent solution should you think it necessary at any point.

At the end of the term, the insured may opt to convert the policy into a permanent, universal life insurance policy, without the need to undergo a medical examination.

Insurance companies that provide the conversion option with their term policies will provide at least one permanent product to convert to.

Conversion to a Permanent Life insurance policy If you wish, you can convert your CoverMe Term Life insurance policy at any time before your 70th birthday without providing medical information or undergoing a medical examination at the time of conversion.

A conversion privilege also refers to group insurance where employees of a company whose group policies are terminated for any reason may convert their certificates to permanent insurance at their attained ages.

Purchasing term insurance at a younger and healthier age can provide lower premiums, as well as the possiblity to convert to a permanent policy in the future

You are able to convert your term policy to a permanent one at any time during the term or age 70, whichever comes first.

If the child is eligible, at the end of the term period, the benefit may be able to be converted over into a qualified permanent life insurance policy, with a benefit that is up to 5 times the original amount of the term coverage — regardless of the child / insured's health.

Convertible term life insurance is a policy that comes with an add on that provides an option to convert to a permanent insurance at the term's expiration or old age, whichever comes first.

If eligible, at the end of the term period the benefit may be converted to a qualified permanent life insurance policy for up to five times the original amount, regardless of the child's current health.