Sentences with phrase «coverage on a permanent basis»

Not exact matches

Next time around, you may want a permanent policy so you can accumulate cash value on a tax - deferred basis or just for the hassle - free life coverage at a guaranteed premium amount.

In addition to the life insurance coverage that is provided with a permanent plan, this type of policy will also include a cash value component where cash can accumulate on a tax deferred basis over time.

If you take a permanent policy, a guaranteed insurability clause will enable you to buy additional coverage in the future without needing to qualify based on the state of your health.

Also, people who aren't so healthy can benefit from permanent insurance through an agent, because that may be the only way that they can obtain coverage on a reasonable basis.

Permanent coverage will also include a cash value build - up where the cash can accumulate on a tax - deferred basis.

If you chose to elect the option to convert the policy you can choose permanent coverage based on the product offering of the life insurance company you are with.

If you can qualify based on your age and health, a guaranteed universal life insurance policy (GUL) will be the best way to get permanent coverage for the lowest cost.

The amount of these premium is based on several factors, including whether the policy is permanent or temporary, and then next face value, length of coverage, age, and your rate class.

With Guaranteed Issue Whole Life Insurance, if you're age 50 - 85, you can't be turned down for health reasons, and you can receive permanent life insurance without having to qualify for coverage based on your health.

Permanent coverage, on the other hand, provides both a death benefit, as well as cash value that is allowed to grow on a tax deferred basis.

Instead, the company converts the policy to permanent coverage based on your original health class rating.

Unlike a term policy, which as its name suggests has rates and coverage based on a set term or number of years, a Permanent Policy does not expire.

However, the fact that you'll never have to reapply for coverage based on age or health can make a permanent policy more cost effective compared to renewable term life.

If you're age 50 - 85, Guaranteed Issue Whole Life Insurance, sometimes referred to as Guaranteed Acceptance Whole Life Insurance, you can't be turned down for health reasons, and you can receive permanent life insurance without having to qualify for coverage based on your health.

The premium for the term insurance coverage is reduced based on the lower death benefit amount, while the premium for the new permanent coverage is based on the initial health rating and the current age of the insured.

Simply put, while term insurance intends to provide coverage on a temporary basis, permanent life insurance was designed to provide coverage for the rest of your life.

For its joint whole life policy, the coverage is up to $ 20,000 of protection for ages 18 — 85, with coverage provided for two persons under one policy and one low premium payment providing permanent coverage for the insured and a spouse on a first to die basis.

The permanent coverage options are available for those aged 50 to 85 and come in different tiers based on health.

Participating life insurance is a permanent coverage which allows policy owners to earn dividends and accumulate cash value on a tax - preferred basis.

Each life insurance company has different rules regarding when you are eligible to convert your policy to permanent coverage, but having a term conversion option is a major advantage because you can convert the term insurance policy without a new medical exam and your rate is determined based on the health rating you got when you purchased the term life policy, not your current health.

So, if you decide you need permanent life insurance at some point in the future after purchasing a term life policy, you may be able to convert it into permanent coverage at a higher rate based on your age at that time.

As a form of permanent coverage, universal life policies provide a guaranteed tax - free death benefit to policyholder beneficiaries based on the amount of premiums paid over time.

If you take a permanent policy, a guaranteed insurability clause will enable you to buy additional coverage in the future without needing to qualify based on the state of your health.

Underwriting categories for permanent coverage can be more advantageous for the insured as well, with some insurance companies offering special rates based on age and particular health issues.

Moreover, if you're borrowing a car on a more permanent basis — say, a friend has to temporarily relocate for work and leaves their car with you — you might want to at least temporarily spring for more comprehensive coverage.

The premium is based on the type of permanent plan you elect, the amount of coverage, your current age, risk status (smokers and people in poor health or with dangerous lifestyles pay higher premiums) and the number of years that you wish to take to pay off the plan.

Eligibility is determined based on your answers to a few health questions, and you can eventually convert your coverage to a permanent life insurance plan without ever taking a medical exam.

If the company chooses to use a permanent form of life insurance for its key man life insurance coverage, it will receive both life insurance protection, along with a cash value component that is allowed to grow on a tax deferred basis over time.

With Guaranteed Issue Whole Life Insurance, if you're aged 50 - 85, you can't be turned down for health reasons, you can apply for permanent life insurance without having to qualify for coverage based on your health.

The Role: The role of a Trainee Recruitment Consultant: * Heavily focused on sourcing relevant candidates through job boards, social media and networking * Ensuring correct data - entry onto our CRM System and the consistent maintenance of this tool * Delivering a first - class service — you will be the first point of contact for many ATA candidates and will therefore be expected to represent our brand accordingly * Researching live vacancies and working with your Recruitment Consultant colleagues to prioritise focus and ensure coverage of key accounts * Working alongside our marketing department to ensure our external content is geared towards attracting top candidates within our sector The Candidate: The successful Trainee Recruitment Consultant will be: * Ambitious, with a strong desire to succeed * Confident, with excellent communication skills * Able to work autonomously and effectively * Extremely conscientious, with a specific focus on attention to detail * Comfortable and able to thrive within a fast - paced and target - driven environment * Motivated to always provide a first - class service The Benefits: The successful Trainee Recruitment Consultant can expect: * Consistent first - class training programme, delivered by established, successful Recruitment professionals on an ongoing basis * A structured progression plan with clearly defined routes to promotion, with the option to become a full - fledged Recruitment Consultant within 12 months dependant on performance * The opportunity to play a key part in helping the region hit a 3 - year goal to double our profit ATA Recruitment, (part of the RTC Group PLC, # 68m turnover 2016) are the UK's leading provider of candidates into the lucrative technical and engineering sector on both a contract and permanent basis.