Sentences with phrase «death benefit coverage only»

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

Because term life provides death benefit coverage only, it is typically not as costly as a comparable permanent policy that provides the same amount of coverage along with cash value builds up.

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

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

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

With term life insurance, there is death benefit coverage only, without any type of cash value or savings build up — and because of that, term life insurance can often be much more affordable than a comparable permanent life insurance policy option (with all other factors being equal).

With term life insurance, death benefits coverage only is offered.

Not exact matches

The postdoc also receives $ 50,000 in life insurance coverage, free accidental death and dismemberment insurance, and free short - term disability insurance, «the only [such] free benefits in the entire UC system,» according to Castaneda.

The additional coverage in excess of the Contract Value is only available to use for a qualified long - term care benefit and will not become part of the contract value or the death benefit.

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.

A Guaranteed Acceptance policy can only be purchased between the ages of 50 to 85, and the policy's death benefit is limited for the first 2 years of coverage.

However, the small amount of money you saved is not worth the under performing permanent coverage you are stuck with, unless your only need for the insurance coverage is the death benefit.

For example, if you have a pre-existing condition and want a $ 350,000 death benefit to cover your mortgage, you will only be able to get this amount of coverage through a term life insurance policy.

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.

For example, their term coverage lets you accelerate death benefits if diagnosed with any of a wide variety of illnesses, while many competitors only offer this ability for the terminally ill.

VantisTerm ROP Life Insurance Coverage — The VantisTerm ROP term life insurance policy is a death benefit only policy that offers coverage for 20 years, 25 years, or 30 years.

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.

This means that the policy can provide death benefit only coverage (term), or a both a death benefit, along with a cash value component (permanent).

This type of coverage offers death benefit only protection, without any cash value or investment build up.

If you knew you only had a short period of time to live, you might choose to keep the coverage intact because you knew the death benefit would be right around the corner.

With a NLUL from Sagicor, you can not only provide your family with basic death benefits coverage, you can also build a nest egg for retirement.

For example, just as with regular term coverage, a term life policy will provide a death benefit only, with no cash value build up.

If, on the other hand, you want the coverage to be permanent or if you want the policy to be not only a death benefit but also a business investment with additional options, you will want to consider a permanent life policy which could be either a universal or a whole life.

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!

While a term insurance offers a coverage for death due to accidental or a natural cause, a personal accident insurance provides benefits only when there is death or permanent total disablement, temporary disablement or a partial permanent disablement caused by an accident.

If you named the lender as the beneficiary, the lender would receive the entire death benefit even though you've paid down the balance and if you did that, the life insurance company wouldn't issue you the amount of coverage needed — they'll typically only issue 80 % of the loan amount.

While a 10 to 20 year term may save you premium over the long run (and offer additional death benefit beyond your mortgage), this type of policy works if your only real purpose for the benefit payout is to coverage the remaining principal on your home when you pass.

During the first few years, your coverage amount (death benefit) is only the premiums you have paid into the policy + a few percentage points.

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.

Globe's term life insurance similarly has no medical exam and offers a restricted set of death benefits; you can only purchase $ 5,000, $ 10,000, $ 20,000, $ 30,000, $ 50,000 or $ 100,000 in coverage.

Death benefits are only paid out to beneficiaries if you pass away within the window of term coverage.

SBLI MORTGAGE ACCIDENTAL DEATH INSURANCE - This valuable coverage is in addition to your Mortgage Life Insurance, and pays a benefit in the event of death from ACCIDENTS ONLY, up to $ 200DEATH INSURANCE - This valuable coverage is in addition to your Mortgage Life Insurance, and pays a benefit in the event of death from ACCIDENTS ONLY, up to $ 200death from ACCIDENTS ONLY, up to $ 200,000.

If you die within the first 2 years of policy coverage, you're typically only refunded premiums + 10 % OR paid a percentage of the death benefit.

If the travel injury sustained due to the aircraft accident results, within 181 days of the accident, in the death of the insured traveler, in the severance of a limb, or in irretrievable loss of eyesight, speech or hearing, the Accidental Death & Dismemberment (Air Flight Only) coverage will pay the largest amount of the following benedeath of the insured traveler, in the severance of a limb, or in irretrievable loss of eyesight, speech or hearing, the Accidental Death & Dismemberment (Air Flight Only) coverage will pay the largest amount of the following beneDeath & Dismemberment (Air Flight Only) coverage will pay the largest amount of the following benefits.

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.

Consumers appreciate that this coverage can reduce taxes, builds cash value, needs to be medically underwritten only once, provides flexibility, and can offer an accelerated death benefit in times of need.

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.

Term life insurance offers temporary coverage for a set period of time, and only pays out the death benefit should the policyholder die before the term is up.

Esurance offers quotes on term life insurance coverage — which provides death benefit only protection, with no cash value or savings build up.

They pay a death benefit only if you die during the term of the policy coverage.

If the balance on your mortgage is only $ 14,242 when you die, and the death benefit is over $ 500,000, you may have been paying too much for more coverage than you need.

Term life insurance coverage provides pure, death benefit protection only.

While a worker with a high paying job and lots of kids to support may need a million dollars or more in death benefit coverage, that same worker may need only a fraction of that coverage after the kids have grown up, found jobs and struck out on their own.

With term life insurance coverage, there is death benefit only protection, with no cash value or savings build up.

It offers death benefit only coverage, with no cash value component — and because of this, term life insurance can typically be quite affordable.

With term life insurance coverage, the policy offers pure death benefit protection only, with no cash value or savings build - up in the policy.

The accelerated death benefit is included in every Trendsetter LB policy and can be triggered by a wide range of chronic, critical, and terminal illnesses, but only if you're diagnosed after purchasing coverage.

The company provides both term and permanent life insurance protection — which means that policyholders can also choose between having more affordable coverage with death benefit only protection, or a long - term permanent policy that will also build up tax - deferred cash value over time.