Sentences with phrase «death benefit coverage as»

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.

This option will also eliminate the insured's death benefit coverage as well.

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.

Not exact matches

While Old Age Security and the Guaranteed Income Supplement were designed to provide a basic minimum amount to Canadian seniors, the new Canada and Quebec Pension Plans were contributory social insurance programs established to provide basic death, survivor and disability benefits as well as retirement coverage.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

No medical exam whole life insurance is typically used as a form of final expense insurance, as coverage is lifelong and death benefits are generally limited to a maximum of $ 25,000 or $ 50,000.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

At certain points during the term of coverage, such as your birthdays, you can increase the policy's death benefit and premiums will be determined using your initial health rating.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

As the names imply, decreasing term policies pay a lower death benefit over time, while level term policies maintain the same death benefit for the term of the coverage.

Accidental death and dismemberment coverage can also act as a living benefit, as the dismemberment coverage provides a payout if you receive certain injuries in an accident.

No other death benefits are available for survivors of participants under the optional retirement program except for such benefits, or coverage for such benefits, as are separately afforded by the employer at the employer's discretion.

At certain points during the term of coverage, such as your birthdays, you can increase the policy's death benefit and premiums will be determined using your initial health rating.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

Whole life insurance offers death benefit coverage that gradually reduces the insurer's commitment as the cash value builds, just like universal life insurance.

No medical exam whole life insurance is typically used as a form of final expense insurance, as coverage is lifelong and death benefits are generally limited to a maximum of $ 25,000 or $ 50,000.

Since the underwriting is limited, the death benefits are as well, though this is fine if you're interested in final expense coverage as the average funeral costs around $ 10,000.

As an example, for a 60 year old woman, 1 unit of coverage would provide a $ 1,621 death benefit.

A permanent policy is typically not the right fit if you're looking to simply acquire financial coverage for your family in the case that you pass away, as term coverage will offer the same death benefit with much lower premiums.

Accidental death and dismemberment coverage can also act as a living benefit, as the dismemberment coverage provides a payout if you receive certain injuries in an accident.

If you choose to exercise this option, it allows you to convert all or a portion of the existing death benefit to permanent insurance coverage, such as whole life or universal life, with no evidence of insurability required (i.e. no medical exam or health questions).

Benefits increase 5X in case of accidental death If you die as the result of an accident (as defined in your policy) before age 85, your beneficiary will be eligible to receive five times your coverage amount.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

While simplified issue policies have lower maximum death benefits as compared to fully underwritten policies, you can find coverage up to $ 250,000 with some insurers.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

As long as your premium payments are made as agreed, your insurance coverage lasts throughout your life, and the death benefit is a guaranteed amounAs long as your premium payments are made as agreed, your insurance coverage lasts throughout your life, and the death benefit is a guaranteed amounas your premium payments are made as agreed, your insurance coverage lasts throughout your life, and the death benefit is a guaranteed amounas agreed, your insurance coverage lasts throughout your life, and the death benefit is a guaranteed amount.

Universal life combines a savings component (called cash value) with a lifelong death benefit; as long as you pay the premium, coverage lasts as long as you live.

When purchasing life insurance coverage, it is important to determine what type of policy — as well as how much in death benefit (face amount)-- will be right for you and your survivors.

In some cases, the maximum death benefit for an additional insured can be as high as those of the primary insured, meaning your spouse would have the same amount of coverage as you.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

With mortgage life insurance, the death benefit or coverage amount declines as your mortgage balance decreases, but the premium you pay remains the same.

As with all life insurance coverage, if you die while the policy is in force your beneficiary receives a death benefit payout.

Whereas a term life policy offers a death benefit for a specific number of years (such as 10, 15 or 20 year term), guaranteed universal life offers death benefit coverage up to a certain age such as 90, 100 or even 121.

Whole life insurance offers death benefit coverage to beneficiaries that gradually reduces the insurer's commitment as the policyholder's cash value builds.

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

The face value does not always equal the death benefit, particularly when you are dealing with permanent coverage, such as whole life insurance, that has accompanying riders such as PUA riders and term riders and also has life insurance dividends that can increase the death benefit.

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

We can also show you how the quoting process works, and give more focus on the details such as what type of life insurance policy is right for you, how much death benefit coverage you need for your survivors and their needs, and which of the many available life insurance carriers will be able to serve you best.

As with whole and universal life insurance coverage, this policy includes a guaranteed death benefit and cash accumulation.

A beneficiary designation form is a legal document and will be used by the insurer to determine who will receive the death benefit if you pass away during the period of coverage (as well as how much they will receive).

The Trendsetter Super Series includes the option for an accelerated death benefit if you have over $ 50,000 in coverage, but you can add this feature as a rider for smaller policies.

The death benefit coverage in force at December 31, 2011 (representing the amount payable if all of approximately 480,000 contractholders had submitted death claims as of that date) was approximately $ 5.4 billion.

Sure, the shopping process can get a little complicated, especially if your health situation is a little complicated, but at the end of the day, term life insurance is made up of three basic components: your coverage (also known as your death benefit), your term (how long the policy lasts), and your premium (how much you're paying for it).

The coverage you need, such as the term length and the death benefit amount, will depend on your individual financial needs and the costs that your family would need to cover if you were to die.

As the name suggests, this type of coverage offers a death benefit if you die within the covered time period, which could range from one to 30 years.

The life insurance companies also offer solutions such as chronic illness riders AND long term care riders, which allow a portion of the policy death benefit to be used for long term care costs while also preserving a portion of the death benefit coverage.

Variable universal life insurance is a type of permanent coverage that offers both a death benefit, as well as cash value build up.

In many ways, indexed universal life insurance works in a similar fashion as most other types of coverage in that the policy holder pays their premium, and the net premium is then applied to the actual life insurance death benefit.

Many of these plans offer added benefits such as accidental death coverage, which reimburses you the purchase price of your pet, if he or she accidentally dies during treatment.

Permanent life insurance coverage offers both death benefit protection, as well as cash value.