Sentences with phrase «death benefit coverage regardless»

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.

Not exact matches

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

Regardless of the type of life insurance you purchase, all types leave a death benefit to family members based on the amount of coverage selected.

Travel medical plans often include some Accidental Death and Dismemberment (AD&D) and / or term life benefits which are paid regardless of any coverage you may have back home for a covered injury.

As a rule of thumb, if a client can no longer get medically underwritten for new insurance coverage but still has a financial need for the death benefit provided by his or her company's plan, then we often advise conversion regardless of price, since it will be unlikely that they can obtain coverage elsewhere,» he adds.

This type of coverage is guaranteed in terms of the death benefit amount, regardless of the insured's increasing age, and whether or not the insured contracts a health issue — and, the cash value will grow at a set interest rate that is set by the insurance company.

Regardless of the type of insurance a consumer purchases, all leave a death benefit to family members based on the amount of coverage selected.

Having permanent coverage is also a plus, as the death benefit will remain in force, regardless of a policy holder's increasing age or health condition.

After the two - year waiting period, you will have full coverage for your policy's entire death benefit, regardless of how you pass away.

In addition, the child / insured also has the option to continue the policy as an adult, and they can even purchase additional death benefit coverage, regardless of their health condition at that time.

Personal injury protection (PIP) provides medical coverage, lost wages and death benefits such as funeral expense reimbursement in the event of an accident regardless of fault.

So, if your health begins to deteriorate during your term, the conversion option enables you to secure coverage that will ensure a death benefit for your loved ones regardless of how long you live.