Sentences with phrase «death benefit coverage at»

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.

Not exact matches

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.

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.

Globe Life only offers coverage with no medical exam so, if you're healthy, you'll pay higher rates for the same death benefit than you would at an insurer with full underwriting.

At age 66, the death benefit decreases by 10 % every year until coverage is terminated at age 7At age 66, the death benefit decreases by 10 % every year until coverage is terminated at age 7at age 75.

This coverage can help protect your loved ones by providing cash benefits payable at your death.

If stay - at - home parents have life insurance coverage and pass away, the life insurance death benefit would allow the surviving spouse to take much needed time off work to spend with the children and help pay for services that the stay - at - home parent lovingly provided.

This rider is critical, particularly if you are considering life insurance for children or young adults, because if the insured develops a disease or become uninsurable during the policy period, the insurance company allows the insured to increase his or her total life insurance coverage and death benefit at specific times.

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.

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.)

For example, you may want the breadwinner to have more coverage than a stay - at - home spouse, or you may want only one person to have riders that offer extra provisions, like early access to the death benefit.

This type of coverage insures two people (usually spouses) and pays a benefit only at the second death.

The face amount of coverage can go up to $ 20,000, and the full death benefit will be paid out after the insured has had the policy for a period of at least three years.

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).

Even if you have to accept a reduced death benefit in order to make the policy affordable, it will be far better than having no life insurance coverage at all.

The coverage amount payable to your beneficiary at the end of your life, called your death benefit, usually has a maximum limit of around $ 25,000.

If your diabetes isn't controlled, you may have to look at a guaranteed issue life insurance policy which often comes with much higher premiums for your coverage with a lower total death benefit.

You can still get coverage at a low rate, but you will have a plan that only pays a partial or no death benefit during the first two years.

Term insurance is the most affordable type of coverage, making it ideal for young families who simply need the death benefit protection at a low cost.

The death benefit is level until age 64, at which time it drops by 50 % at age 65 and another 50 % at age 70, with coverage ending at age 75.

When this happens, your options for life insurance may be limited to high risk coverage at expensive rates or final expense insurance, also called funeral coverage, which has limited benefits and pays to a third party after your death.

Due to the flexibility of variable life, however, this type of policy can allow policy holders to obtain a much higher rate of return on invested funds, while at the same time getting the protection of a guaranteed amount of death benefit coverage.

Return of Premium Insurance in this case provides a refund for all or some of the premiums you paid for the Term Life Insurance at the end of the term if no death benefit was paid out during the coverage period.

Providing final expense coverage for up to $ 25,000, this policy contains a graded benefit structure that returns premiums paid plus 10 % in the event the death from natural causes occurs inside the first 2 years of the policy (accidents are covered at 100 % of death benefit).

Employers can change your benefit package at any time and reduce or eliminate this coverage at any time, so it should not be your ONLY plan for taking care of your family after your death!

I will cover appropriate amounts of death benefit coverage you should have at another time, since this post focuses on the cash value benefit of life insurance, which you don't have to die to use.

If you look at a life insurance policy with living benefits like a LTC rider and the death benefit, the question is whether we get Long Term Care coverage first.

Accidental injury insurance policies must include medical expense coverage of at least $ 300,000 and accidental death and dismemberment of, at least, $ 100,000 with a maximum weekly benefit of no less than $ 500.

With level term life insurance, the insurance company agrees to provide guaranteed coverage (death benefit) at a fixed price (guaranteed premium) for a certain period of time (level term).

The coverage amount payable to your beneficiary at the end of your life, called your death benefit, usually has a maximum limit of around $ 25,000.

For example, you may want the breadwinner to have more coverage than a stay - at - home spouse, or you may want only one person to have riders that offer extra provisions, like early access to the death benefit.

Final expense life insurance provides more coverage than guaranteed issue; while guaranteed issue usually caps out at around a $ 10,000 death benefit, you can typically get up to $ 25,000 with final expense insurance.

Because term life insurance provides just pure death benefit protection, the premiums for this type of coverage can be quite low — particularly if the insured is young and in good health at the time of application.

This amount of coverage gives your survivors a good shot at living off the earnings of the death benefit without having to invade the principal to pay their living expenses.

A survivorship life insurance policy coverage the lives of two individuals — and it pays out the death benefit at the passing of the second person.

Farmers Simple Term — The Farmers Simple Term plan offers death benefit coverage that starts at $ 75,000, and protection that remains level for 10, 20, or 30 years.

It is important to keep in mind that if the policy owner dies at any time during the term period, simply buying just the traditional term coverage and investing the difference will always provide the greatest return on capital, because in this case the policy owner's estate would not only receive the death benefit but can distribute the invested cash as well.

Accidental Death Benefit Rider — This is generally issued only between the ages of 18 — 60, and you get coverage for between $ 25,000 and $ 250,000 with a general expiry at age 80.

The life insurance company agrees to provide guaranteed coverage (death benefit) at a fixed price (guaranteed premium) for a certain period of time (level term).

The Company will not provide any benefits, reimbursements or coverages for any of the costs or expenses incurred by the Insured Person for a re-return trip, if any, to the original location of the Insured Person at the time of learning of such death or destruction.

E-Wisdom reported that term life insurance will provide the highest level of coverage at the lowest premiums because it is a death benefit and can only be claimed in the case of someone passing away.

There are two term - life insurance policy types available through Transamerica; Trendsetter Super Series (up to $ 1,000,000 in coverage with a guaranteed premium that is convertible to a whole life policy at the end of the term); and the Trendsetter LB (up to $ 1,000,000 with living benefits option to receive an accelerated death benefit with a qualifying illness while you are still alive).

Accidental Death Insurance — Available between 18 and 75 years of age, benefits will be paid according to the type of accident and coverage can start at $ 2 per month for your whole family.

The older someone is when they apply for the insurance, the higher the cost for the same coverage or the insurance company will provide a lower death benefit at a set premium rate.

Life Insurance — Accidental Death — This benefit provides coverage for accidental loss of life or limb while traveling at any time during the trip.

It is for this reason that the premium for term coverage is typically less than that of permanent life insurance plans with a comparable amount of death benefit coverage — at least initially.

If you die at any point during the term, your beneficiaries will receive the death benefit in the coverage amount you chose.