Sentences with phrase «death benefit coverage without»

This means that you are obtaining pure death benefit coverage without any cash value or savings component.

(This is as versus a term life insurance policy that only offers death benefit coverage without any cash value or savings build up).

Term life insurance is coverage that provides death benefit coverage without cash value build up.

Not exact matches

Additional Insured Rider Provides death benefit coverage on the lives of up to three family members without having to purchase separate policies.

The amount of the death benefit is called coverage, and the amount of coverage you need depends on your financial situation and the amount your beneficiaries need to survive without you.

Additional Insured Rider Provides death benefit coverage on the lives of up to three family members without having to purchase separate policies.

So, if your financial situation changes over time and you want a greater amount of coverage, you would be able to increase your policy's death benefit without demonstrating your insurability.

The advantage of convertible term insurance is you can convert all or a portion of your death benefit to permanent coverage without having to prove your insurability, in other words, you don't need to take an exam or answer health questions.

In addition, riders can be added to each policy that allow you to adjust the death benefit, either so that it increases over time, it decreases over time, or you're able to purchase additional coverage later without medical questions.

This gives the insured the option to maintain coverage without another medical exam, or adjust the death benefit.

Unlike basic term life policies without additional benefits, this product includes three types of living benefits through accelerated death benefit riders, and a premium waiver during unemployment.2 These riders offer additional flexibility and coverage for a number of unexpected events.

Without an increasing death benefit, the coverage may not provide an adequate replacement value for a growing business.

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

With this type of coverage, you can purchase pure death benefit protection, without any other «bells and whistles» such as cash value or investment options.

Oftentimes, because the applicants for burial insurance are older — and therefore, are also more prone to adverse health conditions — these policies will trade off the lower amount of death benefit with the ability to qualify for coverage without taking a medical exam.

In these situations, term coverage allows you to purchase important death benefit protection without going beyond your budget.

But unlike term life insurance, you have the unique options to exchange the policy for traditional permanent coverage without another medical exam, or adjust the death benefit if your needs change.

The amount of the death benefit is called coverage, and the amount of coverage you need depends on your financial situation and the amount your beneficiaries need to survive without you.

However, if the misrepresentation is discovered after you die, the life insurance company may cancel the policy without ever paying the death benefit, meaning that you paid for life insurance coverage all those decades and your beneficiaries will receive nothing.

So, if a policyholder had purchased a Colony Term universal life 10 policy, and then they decided five years after purchasing it that they wanted to have coverage for the remainder of their lifetime, then the coverage extension feature would have allowed the insured to extend the death benefit protection guarantee to either age 90, age 100, or 105 — and, this could occur without the need for the insured to provide evidence of insurability.

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).

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.

After age 25, each child's coverage can be converted to an individual life insurance policy with a maximum death benefit of $ 40,000, without providing evidence of insurability.

Term life insurance provides the most basic form of life insurance coverage, as these policies provide death benefit protection, without any cash value or savings build up.

Typically a universal life policy will have two options for the death benefit payout which are option A and option B. Option A is your normal fixed death benefit payout without any cash value, usually this is the amount of coverage you got when you first bought the policy.

Your death benefit coverage can be guaranteed, provided that premiums are paid exactly as illustrated.1 The Lapse Protection Benefit allows you to ensure that your policy will be in - force for as long as you'd like, without regard to factors such as policy charges and changes in interest rates that are outside of your cbenefit coverage can be guaranteed, provided that premiums are paid exactly as illustrated.1 The Lapse Protection Benefit allows you to ensure that your policy will be in - force for as long as you'd like, without regard to factors such as policy charges and changes in interest rates that are outside of your cBenefit allows you to ensure that your policy will be in - force for as long as you'd like, without regard to factors such as policy charges and changes in interest rates that are outside of your control.

The primary differences between Transamerica's two term policies are their accelerated death benefits and the amount of coverage you may qualify for without a medical exam.

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

Some policies also offer an extension - of - benefits - rider that usually doubles the amount of accelerated coverage at an additional cost, but without the purchase of additional death benefit.

One of the main reasons for this is because term insurance offers only pure death benefit coverage, without any type of cash value or savings component.

Americo offers as much as one fourth million dollars in death benefit without even going through an exam, along with other term policies with as high as $ 400,000 in coverage.

With term life insurance, pure death benefit only coverage is provided, without any cash value or investment build up included in the policy.

In addition, riders can be added to each policy that allow you to adjust the death benefit, either so that it increases over time, it decreases over time, or you're able to purchase additional coverage later without medical questions.

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

With these term life insurance plans, a policyholder can obtain coverage with death benefits as low as $ 25,000 and a maximum face amount of $ 999,999 — and there is also the option to obtain a policy without the need for a medical exam for policies of up to $ 249,999.

Senior Life Plans Senior life insurance, sometimes referred to as graded death benefit plans, provides eligible older applicants with minimal whole life coverage without a medical examination.

With a term policy that is convertible, you can convert all or a portion of your death benefit to permanent coverage, without evidence of insurability (i.e. you don't have to take an exam or submit to life insurance blood testing).

Since New York is a no - fault state all motorist are going to need Personal Injury Protection (PIP) coverage which covers losses of wages, any death benefits, and medical expenses without regard to who is «at - fault» during the accident.

With a term policy, pure death benefit coverage is provided, without any cash value component.

Because term life insurance provides only death benefit protection, without any cash value or investment build up within the policy, these plans can typically be very affordable — especially if the applicant for coverage is young and in good health at the time that he or she is applying for such coverage.

These include face amount increases without proof of insurability, dependent children coverage, and an Additional Death Benefit feature that pays $ 200,000 in additional death benefit if both insureds die within the first 10 yDeath Benefit feature that pays $ 200,000 in additional death benefit if both insureds die within the first 10Benefit feature that pays $ 200,000 in additional death benefit if both insureds die within the first 10 ydeath benefit if both insureds die within the first 10benefit if both insureds die within the first 10 years.

If you are killed in an auto accident and are without accidental death benefit coverage, your family may personally have to pay out - of - pocket for your death expenses.

In some cases, policyowners may withdraw the additional cash value without otherwise affecting their death benefits, premium payments, and minimum guaranteed cash values; the insurer may permit policyowners to reduce the level of future premium payments while maintaining the same face amount of coverage; the insurer may allow policyowners to increase the face amount of coverage while maintaining the same premium level; policyowners may keep the face amount and the premium payment level the same but shorten the required premium - payment period; or they may choose some combination or variation of these options.