Sentences with phrase «covered under a life insurance policy»

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

Many people with poor health are not eligible to be covered under a life insurance policy, and even those that can be accepted must pay outrageous monthly premiums that can quickly drain a bank account.

Final expenses, housing expenses and replacement income are all covered under a life insurance policy.

So in a nutshell, it is important to make sure that you buy the right amount of sum assured or life cover under a life insurance policy with a single premium to take tax benefits.

Not exact matches

Your renters insurance in Bowie will cover those costs up to the policy limit, so that you're not staggering through life under the weight of a six figure plus judgement.

As a result, it is often unclear how much your term life insurance rates will be, how long you are covered under a policy, and the amount of insurance coverage you need.

Under certain circumstances, people who would otherwise be uninsurable on a single life insurance policy due to their health can be covered with another individual.

Anyone living in a college or university dormitory is likely covered under their parents homeowners or renters insurance policy.

Survivorship Builder is a flexible premium indexed universal life insurance policy that covers two lives under a single policy.

However, if a college student is under 26 years old, enrolled in classes and living in on - campus housing, the student may be covered under his or her parents» homeowners or renters insurance policy.

The primary decision you have to make is whether you want your family covered under one life insurance policy or multiple policies.

If you are covered by a life insurance policy but your death falls under one of these exclusions, the insurance company may not have to pay out the benefit.

In fact, anyone who lives in your house, is under the care of one of the residents of the home, is younger than 21 or a relative is covered by your homeowners insurance policy.

As the National Association of Insurance Commissioners writes, college students under the age of 26 who live in on - campus housing (like a dorm) may be covered under their parents» policy.

If you're living in a dorm or other campus housing, your belongings may be covered under your parents» homeowners or renters insurance policy.

Last - survivor life insurance covers two lives under one policy.

With last - survivor or second - to - die life insurance, the death benefit is paid after the second person covered under the policy dies.

Car insurance will also not cover damage that occurred when a person who lives with you but is not insured under your policy drives your vehicle.

I'd suggest considering an annuity to guarantee income to cover rock - bottom expenses (under the Bogleheads idea of «once you've won the game, quit playing»), but beyond that it's not really an investment so much as an insurance policy (guaranteeing you X per month for life).

Also, you may want to ask, specifically, what's covered under the «alternative living arrangement» portion of your insurance policy.

If you choose to add critical illness cover to your term life insurance policy, you'll be covered for any illness specified under the policy.

Insurance companies are required to settle claims quickly and efficiently, paying all of your covered losses under your life, homeowners, flood, hurricane, or other insurance policy according to statutory guInsurance companies are required to settle claims quickly and efficiently, paying all of your covered losses under your life, homeowners, flood, hurricane, or other insurance policy according to statutory guinsurance policy according to statutory guidelines.

Some of the debts covered under credit life insurance policy include auto loans, personal loans, mortgage loans, revolving check loans, bank loans, educational loans, and loans to cover farm equipment or mobile home purchases.

However, if a college student is under 26 years old, enrolled in classes and living in on - campus housing, the student may be covered under his or her parents» homeowners or renters insurance policy.

Pros: The main advantage of this form of life insurance coverage is for those who suffer from a particular medical condition that would make the difficult to insure under normal circumstances will be covered by this policy.

All employer - owned or corporate - owned life insurance is specifically covered under IRS Code Section 1.264 - 1 (a) and states the premiums paid on the life of any officer, employee, or person financially interested in a business carried on by the taxpayer are not deductible where the taxpayer is directly or indirectly a beneficiary of the policy.

If the insured, the person covered under the life insurance contract, is diagnosed with a significant medical condition that is determined to be terminal by a physician, the policy owner can apply for accelerated death benefits up to certain limits established by the insurance company.

Your mortgage policy and life insurance policy are both covered under once insurance policy.

Should I buy a life insurance policy even if my employer has already covered me under group policy?

If you're currently living in Red Deer, Alberta, being covered under a Red Deer critical illness insurance policy should be high on your list of priorities.

The long and short of it: Many schools require that you pay for the university's health care plan unless you live in the state where the college is located and your child is covered under your in - state insurance policy.

For instance, if you are an individual whose life is going to be covered under the insurance policy then you will be called proposed insured.

Most personal belongings for students living on campus or off - campus apartments are covered under the parent's homeowners or renters» insurance policies, however, some policies may limit the amount of insurance coverage available.

If you are covered under a group life insurance policy through your employer, do you still need a personal policy?

Because there are dozens and dozens of circumstances that are not covered under an accidental death plan, you should never use one of these policies as your only source of life insurance.

Death Benefit Options: There are four classifications for death benefit options under universal life insurance policies and these are as follow: a. Level death benefit: This only covers the amount accumulated during the length of the policy.

In fact, students who live in an on - campus dormitory will have most of their personal possessions covered under their parents» homeowners insurance policy, according to the Insurance Information Iinsurance policy, according to the Insurance Information IInsurance Information Institute.

They cover two individuals under just one single life insurance policy — and because of that, they are often less costly than purchasing two single policies.

There's also joint life insurance, which covers two people under one policy and is cheaper than buying a separate policy on each person.

A provision that if the insurance, or any portion of it, on a person covered under the policy, or on the dependent of a person covered, ceases because of termination of employment or termination of membership in the class or classes eligible for coverage under the policy, the person or dependent is entitled, without evidence of insurability, to an individual policy of life insurance.

[3] The early victims of AIDS in the U.S. were largely gay men, typically relatively young and without wives or children (the traditional beneficiaries under a life insurance policy), but often covered by life insurance through employment or as a result of investments.

Joint Universal Life insurance covers two lives under one permanent policy and can help protect your business if you pass away.

How it generally works is that you pay a few extra dollars on top of your life insurance policy's monthly premium and then each of your current children under the age of 18 and any future children you may have are covered with a small amount (typically anywhere between $ 1,000 — $ 25,000) of life insurance coverage.

Furthermore, key man insurance and other employer - owned life insurance is specifically covered under Section 1.264 - 1 (a) and states the premiums paid for life insurance on the life of any officer, employee, or person financially interested in a business carried on by the taxpayer are not deductible where the taxpayer is directly or indirectly a beneficiary of the policy.

A provision that if the group policy terminates or is amended so as to terminate the insurance of any class of insured persons, every person insured under the policy at the date of the termination whose insurance terminates, including the insured dependent of a covered person, and who has been so insured for at least five (5) years before the termination date, is entitled to have issued by the insurer an individual policy of life insurance.

The IRS covers this in Section 264 (a)(1) and provides that there is no deduction allowed for premiums paid on any life insurance policy, or endowment or annuity contract, if the taxpayer is directly or indirectly a beneficiary under the policy or contract.

Insured who are covered under a term life insurance policy through Farmers may be able to qualify for a premium discount if they have not used tobacco products in the past 12 months before application.

Children's rider — This option is available for an extra monthly premium that provides life insurance for your children under your policy and this rider will cover all eligible children for the same cost.

If you're living in a dorm or other campus housing, your belongings may be covered under your parents» homeowners or renters insurance policy.