Sentences with phrase «death benefit coverage with»

And if you are concerned about having a large death benefit, but wary of the high price tag, you can always supplement your life insurance death benefit coverage with a term life rider.

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

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

Not exact matches

Finally, with universal life coverage your death benefits can be calculated in two ways, and you get to choose which you prefer.

With variable life coverage you have to choose your own investment strategy in order to maximize your death benefit; it's like a universal policy but you (and not the insurer) are managing the investment portfolio.

Due to the lifetime coverage and cash value, whole life insurance costs considerably more, meaning it can easily come to 10 times the cost of a term policy with the same death benefit.

If an insurer offers no medical exam coverage with higher death benefits than these, it typically means that the medical exam is conditional upon your responses to health questions.

If you are diagnosed with an illness after purchasing coverage, the insurer will pay you a portion of the policy's death benefit.

Lifetime Provider offers life insurance coverage that provides affordable death benefit protection, offers cash value growth that can help support the death benefit — or help out with life's unexpected events.

If you are diagnosed with an illness after purchasing coverage, the insurer will pay you a portion of the policy's death benefit.

The target purchaser is an individual who wants some form of permanent coverage, with a higher death benefit, and lesser concern about cash accumulation.

However, the death benefit and cash value can continue to grow with participating policies since the dividend can be applied to purchase additional paid - up life insurance coverage.

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.

If an insurer offers no medical exam coverage with higher death benefits than these, it typically means that the medical exam is conditional upon your responses to health questions.

With this coverage, you receive a death benefit if your child dies while your policy is in force.

A family income policy provides the death benefit in a unique way, but may not provide the full coverage needed with its decreasing value.

The benefit of combining the two insurances into one policy is you get life insurance death benefit coverage, help with your long - term care services, cash value growth that can be accessed via policy loans, with full cash surrender value plus return of premium if necessary.

Premiums are level for the entire length of coverage and you can purchase a policy with no medical exam if the death benefit isn't greater than $ 400,000.

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.

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.

For purposes of this post, it just needs to be understood that we can bridge the deficiency of not having enough coverage in our banking policy with a term rider, which can be used to add convertible term life insurance (which results in an increase to the death benefit).

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.

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).

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.

Lifetime Provider helps you protect what's important to you with coverage that provides affordable death benefit protection and the possibility of cash value growth that can help out with life's unexpected events.

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.

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.

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.

Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum death benefit.

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.

Universal Life: the benefit of permanent coverage with an adjustable death benefit and premium payments.

Universal Life Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash value.

Those applicants that are turned down for traditional term life insurance can still get coverage in a majority of cases with a guaranteed death benefit policy.

This permanent life insurance policy is for investment - minded individuals looking for potential cash value gains along with death benefit coverage.

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

With this coverage, your family will get the payout (called the death benefit), even if you live to be well over 100.

This type of insurance is usually purchased by people who are looking for permanent coverage with a significant death benefit who are not that concerned with building up early cash value.

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.

You can receive much more than $ 250,000 worth of coverage by opening an account with a death benefit to your spouse, or by opening an account for your child.

Mortgage Life pays a benefit for any cause of death, with the exception of suicide committed during the first two years of coverage.

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

With Custom Advantage, the underwriting process can take between 1 to 6 weeks, but you have the benefits of being able to choose any face value (death benefits can be over $ 1 million) and paying lower premiums for comparable coverage.

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.

Jeremy Hallett, founder of online insurance marketplace Quotacy, said in an interview that premiums are typically 10 times higher for whole life policies than they are for term life policies with the same death benefit because permanent insurance provides coverage for life with guaranteed level premiums.

Similarly, it may also be best to stick with your term life coverage if you can't afford the premiums associated with a permanent policy that provides the same level of death benefit coverage.

But it does come with a caveat: such policies, by design, provide coverage for a limited period of time, leaving your heirs with no death benefit if you outlive the policy.

The premium rate and the death benefit will be locked in — with coverage that can range from $ 100,000 up to $ 5 million.

Indexed Universal Life (IUL) offers permanent coverage but with flexible premium payments and death benefit.