Sentences with phrase «cover policy expenses»

After the first year of ownership, universal life policyholders have the option to increase, decrease or skip premium payments, so long as the cash value balance is sufficient to cover all policy expenses.

Policy premiums are adjustable as long as there is sufficient cash value to cover policy expenses.

Not exact matches

It must (1) understand all exposures that might cause a policy to incur losses; (2) conservatively assess the likelihood of any exposure actually causing a loss and the probable cost if it does; (3) set a premium that, on average, will deliver a profit after both prospective loss costs and operating expenses are covered; and (4) be willing to walk away if the appropriate premium can't be obtained.

While risk policies are costly, they cover major expenses associated with a scandal, including advertising, consultations with specialists and public relations advisers.

Genworth Financial (GNW), which provides life and long - term care insurance, screwed up a while back when it began selling policies to cover medical expenses in old age: It did not charge nearly enough for them.

If you're getting insurance in order to make sure your family can cover key expenses that won't be applicable after a certain period of time, like your child's college or your mortgage, a term policy is likely a better fit.

A whole life insurance policy may be purchased to supplement term life insurance to cover final expenses, protect a special needs child, or to provide tax advantages for large estates.

This policy can be particularly useful if you have a particular outstanding expense or loan, such as a mortgage loan which would be reduced over time, that your family couldn't cover payments for without your income.

Medical care expenses are a big category, and you should check out the IRS list of what qualifies, such as fees to doctors, dentists, surgeons, chiropractors, psychiatrists, psychologists and nontraditional medical practitioners, as well as insurance premiums you paid for policies that cover medical care or for a qualified long - term care insurance policy.

As Durham puts it, because UL policies are paying very low interest rates, some companies found that their UL policies did not earn enough credited interest to cover the expenses of the contracts.

Another fact is that - usually - the insurance does not cover the expenses of a birth center, according to company policies.

Worldwide policy cover travel claims totalled over $ 300,000 between July 2013 and June this year, with the medical and hospital expenses making up most of that figure.

Sometimes, however, the amount of liability coverage offered by your policy is not enough to fully cover both the expenses accrued by the damaged party and your legal defense costs.

Have a roofing professional inspect it every few years: Preventative maintenance could save you from a large future expense (remember, your home insurance policy won't cover wear and tear).

HealthView Services» 2017 Retirement Health Care Costs Data Report found that a 65 - year - old couple that retired in 2017 — and is covered by Medicare Parts B, D and a supplemental insurance policy — can expect total healthcare premiums and out - of - pocket expenses to total an average of $ 404,253 in today's dollars.

Individuals, corporations, friends, and relatives may all be policy holders, and beneficiaries can use the money for whatever they need — paying off debts, covering funeral expenses, or supplementing their own income.

While these products are all structured differently, the term and whole life insurance policies would fall within the category of final expense insurance, as they have limited payouts that are better suited to covering end - of - life costs than income replacement.

There is another option that would allow your policy to cover the loss to your personal property and your additional expenses, without having to go through the above analysis, but few people are aware of it and most people think it's expensive.

Because his term policy is still inforce, his wife, who is his beneficiary, receives $ 250,000 which not only helps replace his lost Social Security benefits, but also covers funeral expenses, medical bills, the remainder of their mortgage loan, and allows her to contribute money to their grandchildren's trust for college tuition.

Homeowners insurance policies can provide coverage for damage to your home's physical structure (Dwelling coverage); damage to other structures like a garage or shed (Other Structures coverage); your personal belongings — whether in your home or elsewhere (Personal Property coverage); additional living expenses if necessary in the event of a covered loss (Loss of Use coverage); and your personal liability in the event someone is injured or their property is damaged by you or a family member (Liability coverage).

A whole life insurance policy can be used to cover a wide range of expenses, from funeral and burial costs to your child's education.

Further, even if your child held on to the policy for 25 years, say, the cash value would still likely be too small to cover large expenses, such as paying for a wedding.

Your Southampton Apartments renters insurance policy will also cover medical expenses if a fire that occurs in your home causes bodily injury to your neighbor.

A basic life insurance policy provides death benefits and is designed to cover loss of income, end - of - life expenses, funeral costs and other financial requirements your loved ones may have should you die unexpectedly.

That's why you should consider an umbrella policy that would cover the total value of your at - risk assets if you incur accident expenses that exceed your auto insurance policy's limits.

In most cases the rider is enough, but McKeown has seen some people take out a stand - alone policy for $ 50,000 on their kids to cover funeral expenses and a few months off of work.

Funeral Advantage is essentially a whole life insurance policy designed to cover a limited set of costs associated with your passing, and is also referred to as final expense insurance.

Most credit monitoring services are now bundling an insurance policy to cover your expenses if you become a victim of identity theft.

Below, we explore whole life insurance further and take a look at the types of expenses these policies are often used to cover.

In the standard policy, your policy will also offer coverage for the additional living expenses incurred following a covered loss while you're waiting on repairs to your apartment.

In addition to covering the policyholder's funeral and burial costs, whole life insurance policies can be used to cover a wide range of other expenses, including:

Whatever the cause is ultimately ruled to be, Modesto renters insurance will cover the personal property and additional living expenses of those who had a policy.

The AARP's no medical exam whole life insurance policy is a form of final expense insurance (also called burial insurance), as the amount of coverage available is usually just sufficient to cover end - of - life expenses.

This means that if you had a policy in force, all expenses that occurred when you were unable to use your apartment would be covered.

The right policy and amount of coverage depends on your needs — such as the amount of income you'd want to provide a surviving spouse, expenses to cover, charitable giving, or wealth transfer goals.

If the place you're renting is damaged or destroyed by a disaster covered by your policy, forcing you to live elsewhere while it's being fixed, your insurance will pick up the additional living expenses, like a hotel room and restaurant meals.

Most homeowners insurance policies also cover temporary living expenses incurred as a result of a covered loss as well as a limited amount of personal liability coverage.

A whole life insurance policy may be purchased to supplement term life insurance to cover final expenses, protect a special needs child, or to provide tax advantages for large estates.

If you're getting insurance in order to make sure your family can cover key expenses that won't be applicable after a certain period of time, like your child's college or your mortgage, a term policy is likely a better fit.

If that covered loss keeps you from using your apartments for a period of time, those additional living expenses resulting from the loss of use are covered by your policy.

your policy can offer coverage for the additional living expenses incurred following a covered loss while you're waiting on repairs to your apartment.

If you simply want to cover your end - of - life expenses and funeral costs so that your family is not burdened by these expenditures, you might want to buy a small term life policy, such as $ 10,000 to $ 20,000 worth of coverage.

The LTD insurance policy helps the insured pay off their medical bills and other expenses and bills when they are unable to work due to covered claims.

Rather than taking a flat payout amount, take enough of a policy only to cover the specific needs you expect - for many people, this is defined by the amount needed to cover funeral expenses only + possibly their outstanding mortgage balance.

The cost of the policy is certain to be higher than the actuarial cost (cost of claim x probability of claim during insured time period) of repair / replacement of a failed system, as the insurer would need to cover sales costs, operating expenses and profit in addition to the direct policy cost of system replacement.

The biggest need I found was folks wanting a whole life policy just enough to cover funeral expenses because they didn't think they would live the 10 years or so it took to pay in as much as the policy would pay out at death.

Personal loans for medical expenses can be availed for all emergencies that are not generally not covered by medical insurance policies.

Like a standard homeowners insurance policy, farm and ranch insurance covers your home, personal property, liability and additional living expenses.

Paired with a health insurance and long - term disability insurance policy, it can help cover the costs of medical expenses, as well as related costs from being unable to work during recovery, providing you with a full financial safety net.

Many advisers also suggest purchasing Medicare policies to cover any expenses that standard Medicare won't.