Sentences with phrase «convertible policy benefits»

A convertible policy benefits younger people who want to save up for retirement.

Not exact matches

OPTerm policies are renewable and convertible term life insurance which provide a level death benefit.

In addition, he was able to supplement his whole life policy with a convertible term life insurance rider that significantly increased his death benefit for very little additional cost.

For purposes of this post, it just needs to be understood that we can bridge the deficiency of not having enough coverage in our banking policy with a term rider, which can be used to add convertible term life insurance (which results in an increase to the death benefit).

The benefit of convertible term is that you can covnert the policy with no evidence of insurability.

OPTerm policies are renewable and convertible term life insurance which provide a level death benefit.

A convertible term life policy can allow you to benefit from attractive rates, plus the ability to upgrade the policy to permanent coverage without another medical exam.

Choosing a renewable or convertible life insurance policy may also protect you from the contestable period in life insurance, which allows payment of the death benefit to potentially be investigated and denied during the contestability period.

OPTerm policies are renewable and convertible term life insurance which provides a level death benefit.

Trendsetter Super policies are renewable and convertible term life insurance which provides a level death benefit.

New York Life offers term - life insurance with several options including yearly convertible term policies, level premium convertible term policies and policy riders that add extra benefits.

There are two term - life insurance policy types available through Transamerica; Trendsetter Super Series (up to $ 1,000,000 in coverage with a guaranteed premium that is convertible to a whole life policy at the end of the term); and the Trendsetter LB (up to $ 1,000,000 with living benefits option to receive an accelerated death benefit with a qualifying illness while you are still alive).

The convertible option will still be more expensive than if you bought the level benefit in the first place; however, for some people, it is an attractive option to spend a little more in the future to own the policy today.

Their term life insurance policies are convertible to age 70 and the Accelerated Death Benefits are included at no cost, providing the lesser of 50 % or $ 300,000 to the insured in the event they are terminal or confined to a nursing home.

Convertible policies can generally be converted to permanent policies within a specified period of time from policy issue, without providing new evidence of insurability (unless you increase your benefits).

With a term policy that is convertible, you can convert all or a portion of your death benefit to permanent coverage, without evidence of insurability (i.e. you don't have to take an exam or submit to life insurance blood testing).

We recommend having a convertible term policy as your financial situation will change over time and, for example, if your income rises and you later decide that you want a permanent life insurance policy to take advantage of the tax benefits, that option will be available.

At the same time, term life policies may feature a convertible provision so that you can convert it into a permanent policy to benefit from coverage for your whole life (find out more in Insurance as an Investment?

For purposes of this post, it just needs to be understood that we can bridge the deficiency of not having enough coverage in our banking policy with a term rider, which can be used to add convertible term life insurance (which results in an increase to the death benefit).

But I found out today that my North American policy, while convertible to a guaranteed permanent policy, loses the accelerated death benefit upon conversion.