Sentences with phrase «current age and»

-- A reliable and easy - to - use calculator enabling seniors to determine the specific amounts of any particular HECM option, or combination of options, available at their current age and home equity.

Each time the policy is converted, you will have to take another medical exam and the rates will be recalculated to meet your current age and health.

On the other hand, term life insurance only lasts for a fixed period of time, 5 - 30 years, and costs will peak at the end of the coverage term, forcing you to either convert that policy for a much higher rate, or buy a new term policy (at the current age and health status) without any cash value or investment component to bank on.

Once that coverage length has elapsed, if you wish to continue your coverage, you will need to renew it at your then current age and health condition.

That means you may need to re-apply for new coverage (either at your new job or independently from a life insurance company or broker) based on your current age and health status.

If you still need insurance, canceling your policy may not be your best option because the premiums on a new policy will be based on your current age and health, which might mean higher premiums.

In this case, once the term life policy has expired, coverage would need to be renewed at your then current age and health condition.

(To get an idea of how much more, get quotes for both your current age and 20 years older.)

For example, what is your current age and health condition?

Therefore, if the insured wishes to continue being insured, he or she must renew coverage at their then - current age and health status.

Instead, the insured must reapply for coverage and meet then - prevailing underwriting standards for his / her current age and health status.

This means that a person must qualify for a new program based on his or her current age and health in order for coverage to continue.

Guaranteed Universal Life policies are more expensive than term policies, but depending on your current age and coverage needs, they could still be the best option.

The cumulative amount of insurance you're allowed to buy is generally based on a multiplier of your current age and gross income, aligning with approximately how many years you have until retirement:

However, with a fixed expiration date, your term life premium is likely to increase if you outlive your policy and want to purchase a new one seeing as the new policy will reflect your current age and health.

You may choose coverage for a «term» (duration) of 10, 15, 20, 25 or 30 years depending on your current age and the insurance company.

If a term life insurance policyholder wishes to continue their coverage upon the policy's expiration, they will need to re-apply at their current age and health condition.

For instance, a term life insurance policy may be 5 years, 10 years, 15 years, 20 years, or 30 years — after which, the policy will expire and if the insured wishes to remain covered, he or she will need to re-apply for coverage at their then - current age and health condition.

If you were approved preferred plus, the best rate class, and during the conversion period decided to do a conversion, they would calculate your premiums based on your current age and that same preferred plus rate class, even if since that original application you had encounter coronary artery disease and several types of cancer.

You will receive the same health (underwriting) rating for your new policy but it will be priced based on your current age and the amount of insurance you are converting.

If you still need coverage at that time, you can either renew on a year to year basis, or if you want to lock in a new 10 year or longer term, you will have to re-qualify at your then - current age and health condition.

The duration of the policy depends on your current age and your desired retirement age.

Therefore, if the insured wishes to remain covered by life insurance, he or she will need to re-qualify for insurance at their then - current age and health condition.

The policy period can be anywhere between 5 to 40 years as per the current age and the maturity period opted.

Some of the companies use you current age and some use your «insurance age».

The new premium would be calculated based upon your current age and coverage duration.

However, like most other term policies, the rates will increase annually, based upon the policy holder's then current age and health condition.

When a term policy expires — provided the insured has held the policy throughout its entire length — and if the insured still wants coverage, he or she will need to re-qualify for another policy at their then - current age and health condition.

Your current age and health status are the major determining factors for such policy qualification.

Provided that the insured survives throughout the time period of the policy, and he or she wishes to remain covered by life insurance, they will need to re-qualify for a new policy at their then - current age and health status.

These can include the applicant's current age and health, as well as his or her income, medical history, occupation, hobbies, and health history of their family.

The sooner you buy, the lower the cost will be and coverage will be locked in at your current age and health status.

When the initial «term» of a term life insurance plan ends and the policy holder opts to renew his or her coverage, the new policy will be underwritten at the then - current age and health condition of the insured.

Most life insurance companies with renewal options will only look at your current age and won't make you go through underwriting again.

Lock into a rate at your current age and the cost will never increase regardless of changes to your health and age.

If this will occur using term insurance, then the new premium going forward will likely be higher than the original premium amount, as it will be based on the insured's then - current age and health status.

For each traveler, enter his / her current age and the full cost of each individual's travel arrangements which are subject to a cancellation penalty or restriction.

First, the need for life insurance can vary a great deal depending upon the current age and financial responsibilities of the insured.

Take 100 — current age and multiply by annual living expenses e.g. $ 500,000 debt + 50 years X $ 100,000 = $ 5 million term policy.

Actual age is your current age and is also known as Attained age or Age Last Birthday.

For each traveler, enter his / her current age and the full cost of each individual's travel arrangements which are subject to a cancellation penalty or restriction, and dates of travel.

You are then left with the choice of either letting the policy expire, or purchasing a new policy based on your current age and health status.

That means you'll need to apply for new coverage (either at your new job or independently from a life company or broker) based on your current age and health status.

The simplest of the calculators we've reviewed here, it just takes is entering your current age and expected retirement age, beginning contributions age, your anticipated rate of return, and minimum / maximum contribution limits.

This means if he wants to continue to have life insurance coverage, he'll need to buy a new policy based on his current age and health status.

Moreover, these policies are not typically portable, so if you leave your company or get laid off you'll be left without coverage and will need to apply for a new policy based on your current age and health status.

The downside of this option is that your new policy rates will be based on your current age and health.

So if you leave your company or get laid off, you'll no longer have coverage and will need to get a policy elsewhere based on your current age and health status.

Then the rate schedule is based on your current age and is guaranteed for the life of the policy.

(Term life insurance policies are only in force for a certain, set period of time such as 10, 15, 20, 25, or 30 years and then they will automatically expire, leaving the insured to have to re-qualify for coverage if they want to remain insured at their then - current age and health condition).