Sentences with phrase «death insurance policy simply»

Not exact matches

«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.

Life insurance policies in fact are so popular that earlier the product which was meant simply to provide death benefit, nowadays has started offering many different features which offer growth in investment, an opportunity to invest in the market, investments that are goal oriented and much more.

An indexed universal life insurance policy, aka IUL insurance, or simply IUL, is similar to traditional universal life (UL) in that it offers a death benefit and a cash value account that increases over time.

To make this strategy more appealing simply securing a death benefit, a cash value life insurance policy can be used to improves the overall performance and strategy.

A life insurance policy is simply a contract between a life insurance provider and an individual to provide a lump - sum payment, called a death benefit, in exchange for making premium payments to the provider.

Seg funds are simply a special kind of mutual fund with three extra features thrown in (for a fee, of course): (1) A certain amount of creditor protection, as they are considered as insurance policies (2) Downside protection in the form of a promise to return 75 % to 100 % of capital in a certain number of years, usually ten and (3) a death benefit that allows the beneficiary to redeem the fund at the purchase price in the event of death within the 10 year period.

Because of that, permanent life insurance policies are often used as financial planning tools that can serve many more purposes than just simply paying out a death benefit.

It is important to understand that many traditional life insurance policies (including term, whole and universal) simply offer what's called an accelerated death benefit or critical illness rider.

After all, in the hands of an investor, a life insurance policy is simply an «investment» that has ongoing cash flow requirements (premiums) but will eventually mature as a (much larger) death benefit later.

«Term cost» is simply the cost of a one - year term policy on the insured employee with the same death benefit, i.e., what it would cost the employee to buy the same amount of insurance protection for one year under a term policy.2 In some arrangements, the employee actually pays the term costs.

If you're not completely sure what term insurance means, then to put it simply, it is a life insurance which solely covers death benefits and which is only payable if you die during the life of the policy.

Over time, life insurance policies have evolved from simply offering pure death benefit protection, to providing many additional savings and investment options.

You're not alone if you thought that the check from a life insurance policy would simply be mailed to you after the death of a loved one.

In addition to simply paying out a benefit upon an insured's death, life insurance policies can also be a primary component of one's overall financial, retirement, and estate planning strategies.

If you're looking for a term life insurance policy because you have depends, bought a home, or simply want reassurance that others will be taken care of in the event of your death, I'd try PolicyGenius to get a free quote.

If, however, their death was caused by something a bit more terrestrial like a car accident or simply old age, the life insurance benefit would pay like any other persons» typical term life insurance policy.

When purchasing a term life insurance policy, you are simply purchasing a death benefit that will be paid in the event of your parents» death.

Simply skim through this blog to check out how to death claim on your life insurance policy.

Which is why, while we do often sell accidental death insurance, we reserve it for those who can not qualify for a traditional life insurance policy or simply wish to use an accidental death policy or rider to supplement their existing life insurance coverage.

For this reason, insurance companies add the «Graded Death Benefit» clause to their final expense policies so that they can avoid insuring someone who is simply days away from dying from a natural cause (heart attack, cancer, stroke, etc, etc...) Now, since nobody can predict an accidental cause of death such as a slip and fall, motor vehicle accident, victim of crime, etc, etc... these types of deaths would be immediately covered without needing to survive beyond the 2 or 3 year waiting period (the graded death beneDeath Benefit» clause to their final expense policies so that they can avoid insuring someone who is simply days away from dying from a natural cause (heart attack, cancer, stroke, etc, etc...) Now, since nobody can predict an accidental cause of death such as a slip and fall, motor vehicle accident, victim of crime, etc, etc... these types of deaths would be immediately covered without needing to survive beyond the 2 or 3 year waiting period (the graded death benedeath such as a slip and fall, motor vehicle accident, victim of crime, etc, etc... these types of deaths would be immediately covered without needing to survive beyond the 2 or 3 year waiting period (the graded death benedeath benefit).

A contingent beneficiary, also referred to as a secondary beneficiary, is simply the person named in your policy that will receive your life insurance death benefit should your primary beneficiary pass away before, or at the same time as you.

The objective of the IRS code change was to prevent large corporations from purchasing life insurance policies on its non-key employees simply to receive a tax free death benefit when the employee or former employee dies.

No problem, graded death benefit policies can be a confusing, but simply knowing that it exists is often times the most important factor in determining if a guaranteed life insurance policy is going to be right for you.

A term insurance policy is one that simply accepts regular premiums from the owner and then pays out a fixed benefit on the death of whomever the policy covers, who might not be the same individual as the owner.

In other words, to the extent that a life insurance loan is simply a personal loan with the insurance company that is repaid from the death benefit proceeds, the policy loan repayment is as «not taxable» as any loan repayment is, and the tax - free life insurance death benefit remains tax free.

Survivorship life insurance DEFINITION: also known as a Second to Die policy, it is simply a type of joint permanent life insurance that pays out upon the death of both insured parties.

In other words, technically when a life insurance policy loan occurs, the death benefit is not actually reduced (which means the cost - of - insurance charges don't decline for any reduction in the amount - at - risk to the insurance company); instead, the insurance company simply recognizes that any final death benefit to be paid will be reduced first by the repayment of the loan balance.

This difference may be a factor if simply securing a death benefit for purposes such as life insurance for SBA loans OR otherwise planning to use policy cash value for business purposes such as executive bonus plans or split dollar plans.

After all, in the hands of an investor, a life insurance policy is simply an «investment» that has ongoing cash flow requirements (premiums) but will eventually mature as a (much larger) death benefit later.

it is important to know before taking policy becaz now a days after death of person so many life insurance companies rejecting death claim simply showing different logics / tactics which r not informed to life insured before taking policy not even mentioning in sales policy brochure & policy document which ultimately results laments to nominee.

«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.

If you are looking for a policy that is affordable and simply offers a death benefit for your beneficiary, term and guaranteed universal life insurance are the best options.

God forsake, but if an individual has to incur bodily injuries leading to death, disability or dismemberment, the cover he gets on his car insurance policy will simply not be enough.

To put it simply, upon the death of a stockholder the life insurance company pays to the company the face amount of the life insurance policy.

To make this strategy more appealing simply securing a death benefit, a cash value life insurance policy can be used to improves the overall performance and strategy.

For more information regarding guaranteed issue life insurance policies and graded death benefit clauses, we would recommend that you either check out comprehensive guide to final expense insurance or simply give us a call.

But remember, guaranteed issue life insurance policies which contain a graded death benefit are insurance policies that are usually reserved for those who simply can't qualify for any other type of life insurance policy.

Well, it's certainly natural to feel this way at least at first, but it's important to remember that because guaranteed issue life insurance policies aren't going to require you to take a medical exam or answer any health - related questions, graded death benefit clauses are really the only thing protecting an insurance company from insuring someone simply hours away from dying!

It is simply a life insurance policy that will provide your beneficiary with a death benefit from accidental or natural death for a specified amount of time.

Moreover, juxtaposed to term life insurance policies, permanent life insurance policies provide death benefits without limitations from the time frame and offers the feature of cash surrender value or simply cash value.

To put it simply, a graded death benefit is a clause written into guaranteed issue life insurance policies which requires the insured to wait a period of time (usually 2 - 3 years), before their guaranteed issue life insurance policy will begin covering NATURAL causes of death.

The purpose of the life insurance policy is simply to provide a death benefit to the individual's beneficiaries so that they can go on with the rest of their lives.

Without a graded death benefit in place, insurance companies would simply be unable to offer guaranteed issue life insurance policies simply because they would have no way of knowing if they were accepting life insurance applications from individuals who were gravely ill.

But if you are not able to get a policy or simply can not afford it right now, accidental death insurance is a great option you should explore.

If the purpose of your life insurance policy is simply to provide for your family in the event of your death, these add - ons may not be necessary.

The suicide clause in a life insurance policy simply states that during the first two years of the policy (one in some states) the policy does not have to pay if the death is due to a suicide.

An experienced and reputable insurance broker will likely be able to help you determine an accurate death benefit for each policy, but in any case, you can simply pocket any overage.

Simply put, Paid Up Additions essentially means you are paying for the death benefit of your whole life insurance policy in full.

Simply discussing, elderly life insurance policy allows your liked ones by spending them on your death.