Sentences with phrase «death benefit insurance policies»

There are «no exam life insurance policies» that do not require you to undergo urinalysis or medical examination, as well as «guaranteed issue», or graded death benefit insurance policies — but rates for these types of policies are typically higher.

It's better to be safe than sorry with an accidental death benefit insurance policy.

The staggering statistics of accidents tell us that anyone and everyone can benefit from having an accidental death benefit insurance policy on top of a standard life insurance policy.

That's why an accidental death benefit insurance policy can provide the peace of mind necessary to know that you and your family will be taken care of financially in the case of a serious injury or an untimely death.

Not exact matches

A permanent life insurance policy combines a death benefit with a savings portion.

As the name implies, term life insurance will provide a death benefit if an individual dies within the policy's term, up to 20 years typically.

These insurance policies are less pricey than traditional life insurance, since they pay benefits only after the death of both husband and wife.

Whole life products have an added investment component along with their pure insurance or death benefit function; these policies build cash value over time.

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

The death benefit and payment plan of any standard whole life insurance policy are set as part of the policy and do not change.

Guaranteed acceptance life insurance, also called guaranteed issue or GI life insurance, is typically a whole life insurance policy with a limited death benefit.

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

The downside to paid - up whole life insurance policies is that each premium payment is also deducted from the policy's death benefit.

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.

This has the impact of providing you cash as well as reducing the life insurance policy's death benefit.

Buying paid - up additions is similar to buying a small single - premium life insurance policy as you increase the policy's cash value and death benefit but don't have ongoing payments.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

Cash value life insurance refers to any life insurance policies that not only have a death benefit but also accumulate value in a separate account within the policy.

XL - CV Max (policy form series L147) and Accelerated Death Benefit Endorsement for Critical, Chronic and Terminal Illness (form series TR207) are issued by Midland National Life Insurance Company, Administrative Office, One Sammons Plaza, Sioux Falls, SD 57193.

AD&D insurance is similar to a life insurance policy in that both offer a death benefit, but your beneficiary wouldn't receive a payout if you died due to an illness.

Term life insurance policies are quite cheap and can come with a variety of riders offering such assistance as disability income, waiver of premiums, and an accelerated death benefit in the case you become permanently disabled.

Whole life insurance policies are usually structured to mature when you turn 100 years old, at which point the cash value should equal the death benefit.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

Consult your investment professional to find out if this whole life insurance policy, which features a death benefit, is the right product for your financial situation.

In the event that you die with policy loans outstanding, your insurance company will deduct the unpaid amount plus any accumulated interest from your death benefit.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

No medical exam life insurance policies are available for both term and whole life insurance, but the death benefits for whole life coverage are typically limited to less than $ 50,000 (while term coverage is usually limited to $ 500,000).

We maintain broad - based benefits that are provided to all employees, including our 401 (k), flexible spending accounts, medical, dental and vision care plans, life and accidental death and dismemberment insurance policies and long - term and short - term disability plans.

Many people use a cash value life insurance policy to save for their retirement and to provide a death benefit to their beneficiaries.

And life insurance policies with limited underwriting, such as simplified issue or guaranteed acceptance policies, regularly restrict death benefits to be less than $ 100,000 to $ 250,000.

In addition, some mortgage protection policies will only pay a death benefit if you die from an accident, similar to accidental death insurance.

With term life insurance, you buy a policy, which has a given death benefit, say $ 250,000.

Indexed universal life insurance is similar to other universal life insurance in that it is a permanent life insurance policy that provides protection for loved ones — with a death benefit plus the potential for cash accumulation.

Unlike decreasing term life insurance, the death benefit of ART policies does remain the same.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

With term and permanent life insurance, you make premium payments so that in the event of your passing, your loved ones and beneficiaries will receive the death benefit proceeds from the policy.

Universal life insurance is a flexible type of permanent life insurance policy in which the death benefit and premiums can be adjusted as your circumstances change.

Whole life insurance policies are generally more expensive than alternatives, such as term life insurance, and the death benefit directly impacts that cost, so it's important to evaluate your family's needs before deciding to purchase.

Many life insurance policies come with the option of accelerating a portion of your death benefit if you become terminally or chronically ill.

For example, if you have a 30 - year mortgage for $ 300,000, you can purchase a term life insurance policy with a matching death benefit and term length.

While the cash value feature is an attractive option it's important to remember, though, that tapping into the cash value of a life insurance policy reduces its value and death benefit and increases the chance the policy will lapse.

If a partial benefit payment is claimed, the life insurance policy can continue with a reduced death benefit and lower premiums.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

While term life insurance and permanent life insurance policies provide a death benefit, they differ in many other respects.

Also, tapping into the cash value of a life insurance policy reduces its value and death benefit and increases the chance the policy will lapse.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

OPTerm policies are renewable and convertible term life insurance which provide a level death benefit.

A commonly shared rule of thumb for determining your life insurance needs is to purchase a policy with a death benefit equal to 5 to 10 times your annual income.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

As a general rule, death benefits from a life insurance policy are exempt from income tax.