It allows the insured to purchase additional life insurance
coverage at specific ages, or alternatively, at special occasions such as the birth of a child or marriage.
Not exact matches
Guaranteed Purchase Option Rider: allows the insured to purchase additional life insurance
coverage with no evidence of insurability
at specific ages or for
specific events, such as marriage, buying a home and the birth of a child.
Factors that determine the cost of your life insurance premium include the amount of
coverage you want, your
age at the time of purchase, in some cases your medical history and
specific aspects of your lifestyle, such as occupation and hobbies.
The rider allows the purchase of additional
coverage without proof of insurability
at specific ages, or alternatively, on certain special occasions such as marriage or the birth of a child.
• Term Life Insurance Premium Calculator: This calculator helps you compute the premium that you need to pay
at a
specific age for a
specific coverage that is required by you.
Permanent life insurance, as distinguished from term life insurance, is designed to provide death benefit
coverage at age 100 or
age 120, depending on the
specific contract.
The rider allows the purchase of additional insurance
coverage with no evidence of insurability
at specific ages or special occasions, up to
age 46.
If you'd like additional rates for your
specific age or different amounts of
coverage, please feel free to give us a call toll - free
at 855-247-9555.
A: A good number of companies offering «whole life» insurance on TV and via mail are actually selling a form of term life insurance with
coverage expiring
at a
specific age.