Sentences with phrase «converted to permanent policies such»

Another plus about term life: many policies can be converted to permanent policies such as universal or whole life for a period of time.

On the other hand, if the exclusion amount is permanently decreased, at least the policyholder will already have a policy in place (the 10 year policy), and could decide to convert it to a permanent policy such as guaranteed universal life or whole life.

The policy can be converted to a permanent policy such as Universal Life.

Not exact matches

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

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.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

Convertible term life insurance is typically a normal level term policy that has the option to convert the policy into permanent insurance by the end of the term or by a specified age, such as 70.

Most term life insurance policies allow you to convert your term policy into a permanent life insurance policy such as whole life insurance.

Though you can only convert to a permanent policy, such as whole life or universal life insurance, you don't have to demonstrate that you're in good health.

These could be extras such as waiving premiums if you're disabled for a certain period of time, converting a term policy to a permanent policy, returning paid premiums if you outlive your policy's term, or, as we'll talk about here, receiving death benefits early.

There are instances where your health or financial situation changes such that it would actually make better sense to convert your term policy to a permanent one.

Being able to convert to a permanent policy is a great option to have in the event that circumstances in your life change such as failing health or maybe just the realization that coverage is needed for a longer period of time than you originally anticipated.

Being able to convert to a permanent policy is a great option to have in the event that circumstances in your life change such as failing health or maybe just the realization that coverage is needed for a longer period of time than you originally anticipated.

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.

The policy can also be converted to a permanent policy — such as Universal Life within the first 20 years, or up to age 70 — which - ever comes first.

The policy is also convertible term life allowing you to convert all or a portion of the policy into permanent life insurance, such as universal life.

Therefore, if you choose term as your initial insurance policy, and you become sick due to some serious illness such as cancer, you can convert the existing term policy to a permanent policy and keep it the rest of your life.

You can convert all or a portion of your policy to permanent life insurance, such as the whole life insurance product below.

This allows the insured to convert the term policy over into a permanent form of life insurance — such as whole life or universal life — at a future time.

This convertible term insurance can be made of use when the person insured is still at a young age where the insurance could still cater for small expense and premature death but as time comes everyone gets older, this convertible term insurance might not be enough to cater the long term needs of the insured so it is of best interest that the policy holder should convert their policy to a more permanent type of insurance such as Universal Life.

Also, consider adding policy riders that will allow you to access the policy death benefit in the event of a terminal illness or even convert a portion of your term policy into a permanent policy (such as whole life or universal life).

These could be extras such as waiving premiums if you're disabled for a certain period of time, converting a term policy to a permanent policy, returning paid premiums if you outlive your policy's term, or, as we'll talk about here, receiving death benefits early.

Here, an insured may convert over to the ISP CHOICE plan — up to and including age 65, or alternatively, the insured can opt to convert to any of the other permanent life insurance policies offered through Foresters, such as Interest Sensitive Whole Life.

For those who may wish to have permanent life insurance coverage in the future, the Lincoln TermAccel policy may be converted over into a permanent life insurance policy if the policyholder moves forward with such a conversion by the end of the term's coverage or by age 70 (whichever occurs first).

Later on, you'll be able to convert all or part of a Level Premium Convertible Term policy into a permanent, cash value policy, such as a Custom Whole Life insurance policy.

* Conversion: If your current term policy has conversion benefits, you may be able to convert your policy to a Permanent policy such as a Whole Life or Universal Life.

Convertible term policies allow you to convert your term plan into a permanent form of life insurance, such as universal or whole life.

Most policies also have a conversion feature which allows you to convert your term policy to a permanent policy such as Whole Life, Universal Life or Indexed Universal Life for example.

Most term life policies can be converted to a more permanent insurance solution such as whole life or universal life insurance.

Most term policies are convertible life insurance and can be converted to permanent life insurance, such as whole life.

A term conversion rider allows you to convert a term insurance policy into a «permanent life insurance» such as universal life, indexed universal life and whole life.

Just like a standard term life insurance policy, you have the option of converting your return of premium policy to a permanent life insurance policy such as universal or whole life insurance coverage.

Though you can only convert to a permanent policy, such as whole life or universal life insurance, you don't have to demonstrate that you're in good health.

In some cases, a term life insurance policy will provide the option to convert over into a permanent form of coverage such as a universal life insurance policy.

This is an important feature that allows the policyholder to convert a portion or all of the term insurance policy to a permanent policy such as whole life or universal life.

Many insurers will also have a conversion privilege that allows the policyholder to convert the term policy to a permanent policy such as Universal Life or Whole Life without you having to prove you are still healthy.

This means that if someone needs to convert their term policy to a permanent form of life insurance such as whole life, they actually have a large window of time to change their term into whole life (or universal life or a VUL).

Most companies also allow term life policies to be converted to a permanent policy, such as whole life or universal life.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

Fortunately, you can convert many term life insurance policies to a permanent insurance product such as whole life insurance, universal life insurance or variable universal life insurance.

The most generous term policies allow you to convert to any type of permanent policy available, such as whole life, universal life, or variable universal life.

Some term insurance plans allow you to convert your term life coverage to a permanent life insurance policy such as whole life without providing evidence of insurability.

By converting some or a portion of your term policy to a permanent policy such as whole life, you will be able to do so without having to take a medical exam.

If you have an existing term policy, and whether you're healthy or not, you most likely have the ability to convert the policy to a permanent policy such as whole life or universal.