Sentences with phrase «death benefit coverage»

The band in which an applicant falls can determine the minimum and the maximum amount of death benefit coverage offered.

Term life insurance is a policy which provides death benefit coverage for a set number of years.

Because term life insurance offers death benefit coverage only — without any cash value or savings build up — the premiums can be very affordable.

These policies will typically provide somewhere between $ 5,000 and $ 25,000 in death benefit coverage that is paid out to a named beneficiary, and that is free of income taxation.

Term - life insurance is an economical type of insurance that provides death benefit coverage with premium payments guaranteed to remain level for a specific period of time.

A term policy will consist of pure death benefit coverage only, with no cash value.

If you are killed in an auto accident and are without accidental death benefit coverage, your family may personally have to pay out - of - pocket for your death expenses.

Long - term care life insurance hybrid policies can be purchased which provide death benefit coverage as well as insurance coverage for long - term care expenses, if needed.

These policies can offer guaranteed death benefit coverage — including a lifetime option.

This means that you are obtaining pure death benefit coverage without any cash value or savings component.

Also, you may not need as much death benefit coverage later in life, so you are OK with a decreased death benefit.

This is the most cost effective choice if you need death benefit coverage for 4 years or less.

Variable life insurance premiums are much more expensive for the same death benefit coverage than term life insurance, which covers you for a set period of time — usually while you have dependents.

These can include having permanent death benefit coverage, provided that premiums are paid within the grace period and that the policy remains in - force.

With term life insurance coverage, an insured will obtain death benefit coverage only, without cash value build up.

Level premium whole life insurance (sometimes called ordinary whole life, though this term is also sometimes used more broadly) provides lifetime death benefit coverage for a level premium.

Further, total death benefit coverage falls short with women as well, as life insurance policies for women have 22 % lower death benefits than men.

Further, total death benefit coverage falls short with women as well, as life insurance policies for women have 22 % lower death benefits than men.

Also, you may not need as much death benefit coverage later in life, so you are OK with a decreased death benefit.

This type of policy offers the policy holder death benefit coverage, as well as a cash value component.

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.

You can also add, for about 8 % more, an additional $ 100,000 of accident death benefit coverage to your base policy.

This policy is called «graded» because it doesn't immediately provide the full death benefit coverage.

By implementing the concept of leverage into life insurance, term life allows you to use less money to get more death benefit coverage.

You are getting death benefit coverage for the term you choose.

Term Riders — a 7 and 15 year term insurance rider can be added to a whole life policy to increase the initial death benefit coverage.

A whole life insurance policy can be upgraded with an accidental death benefit coverage rider.

10 - Year Term — With this first policy, the death benefit remains level for the full ten years and you'll have fixed death benefit coverage.

We will help structure the policy to match the desired death benefit coverage, and provide you with the ability to access any potential cash values to help supplement your retirement income.

It is important to distinguish between this no lapse guarantee and the actual death benefit coverage.

It is a simple death benefit coverage without the bells and whistles of other ones like whole or universal life insurance.

Provides death benefit coverage from $ 5,000 — $ 25,000.

Under these circumstances, the insurer may offer a guarantee of death benefit coverage regardless of the cash value in the policy provided that you pay a set minimum premium payment.

The downside for these policies is that they are more expensive than traditional life insurance policies and have lower available death benefits coverage.

Whole life insurance has higher premiums than term life insurance, but a whole life policy extends death benefit coverage out to age 100.

They will not cover an unlimited amount however, and the maximum death benefit coverage is $ 300,000 and the maximum amount of cash surrender value protected is $ 100,000.

If you don't have enough death benefit coverage by the time you reach your 60s, purchasing a policy as soon as possible is vital.

Offers two ways to continue guaranteed death benefit coverage after the first ten years of the policy.

This type of permanent life insurance policy offers death benefit coverage with the potential to accumulate cash value.

One reason is because term life offers death benefit coverage only, and no additional cash value or savings component.

Alternatively, consider setting up a cash value life insurance policy with a term rider to get the needed death benefit coverage but with the benefits of cash value life insurance.

Variable life insurance premiums are much more expensive for the same death benefit coverage than term life insurance, which covers you for a set period of time — usually while you have dependents.

These can include having permanent death benefit coverage, provided that premiums are paid within the grace period and that the policy remains in - force.

Term life insurance provides death benefit coverage only, with no cash value or savings build up.

Whole life insurance plan with lifetime death benefit coverage and a fixed interest rate regardless of circumstances.