Sentences with phrase «death benefit term policies»

They're a great option in most states because they have graded death benefit term policies, rather than just whole life, which saves a bunch of money.

This is a level death benefit term policy which provides coverage up to the age of 95.

Finally, targeting the needs of life insurance for senior citizens, is the RAPIDecision ℠ Senior Life Term, which is a modified death benefit term policy.

Express Issue Term 20 — The Express Issue Term 20 plan is a level death benefit term policy with an initial level premium guarantee period of 20 years.

Not exact matches

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.

Such policies also pay out a death benefit to your heirs when you die, but they are far more expensive than term life.

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).

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.

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.

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.

Should you pass away during the term, your beneficiary will receive the policy's death benefit.

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

Most term policies also automatically include an accelerated death benefit rider at no charge.

You can customize a policy by its death benefit amount, term length, and with riders.

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

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.

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.

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.

If you die during these years, the term policy is there to provide a lump sum death benefit to your survivors.

At certain points during the term of coverage, such as your birthdays, you can increase the policy's death benefit and premiums will be determined using your initial health rating.

With most policies, the payout, called the death benefit, and the cost, or premium, stay the same throughout the term.

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

When the policy term concludes, the death benefit ends.

Banner Life's term policy includes an accelerated death benefit rider and allows an individual to cash out up to 75 percent of the death benefit if you are diagnosed with a life expectancy of twelve months or less.

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 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 the names imply, decreasing term policies pay a lower death benefit over time, while level term policies maintain the same death benefit for the term of the coverage.

In a level term life insurance policy, the death benefit remains fixed at every point during the term..

At certain points during the term of coverage, such as your birthdays, you can increase the policy's death benefit and premiums will be determined using your initial health rating.

If you pass away during the specified term of the policy, your designated beneficiary will receive the death benefits from your policy.

The additional term coverage rider provides a twenty - year term policy equal to the target death benefit.

The policy document has all of the pertinent information about the life insurance policy: the term, the death benefit amount, policyholder details, and so on.

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the polTerm life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the polterm» of the policy.

Make sure the policy you choose has the coverage you need in terms of level premiums, death benefits and cash value when it matures.

To illustrate, understand that very few «term life policies» ever pay a death benefit because the insurance company has determined that the policy will likely expire before the death benefit is ever paid... and most do.

No - lapse universal life policies have guaranteed premiums and death benefits — they are like term insurance for life.

As an added benefit, the life insurance death benefit of the new hybrid policy would pay off her mortgage if she passed away, assuming she didn't use the policy for long - term care.

You might choose a decreasing term policy for a similar term length and initial death benefit equal to the outstanding mortgage loan, since you know your spouse will be financially stable once the mortgage is paid off and you know the time it will take to pay back the loan.

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.

If the policyholder outlives the term of the policy, however, the beneficiary will not receive a death benefit.

It is also clarified that if the Accident occurs during the Policy Term and the death due to the said Accident happens after the expiry of the Policy Term (but within 120 days from the date of Accident), Death benefit will be paydeath due to the said Accident happens after the expiry of the Policy Term (but within 120 days from the date of Accident), Death benefit will be payDeath benefit will be payable.

Even if you have health issues and would have difficulty passing a medical exam, a large number of insurers offer no medical exam term policies that provide higher maximum death benefits.

If the insured dies within this term (10, 15, 20, 25, 30, or 35 years), the life insurance company pays a lump sum death benefit to the policy's beneficiaries.

A return of premium life insurance policy is one where, minus very negligible fees, your premium payments are refunded to you at the end of the term (assuming the death benefit hasn't been paid out, of course).

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).

«Direct term life insurance» simply refers to a term life insurance policy in which the party upon whose death the benefit would be paid out is the same party paying for the policy.

The death benefit a term insurance policy provides can cover bills, a funeral, the mortgage, and even college tuition.