Sentences with phrase «death insurance policy until»

Not exact matches

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?

A permanent insurance policy covers you until your death, regardless of age — so long as premium payments are up to date.

Sagicor's guaranteed universal life insurance policy is somewhat similar to a term life insurance policy that lasts until you turn 120, making it a great choice if you just want a permanent death benefit.

You'll still have the same life insurance policy you bought - nothing will change about the term or death benefit - but your premiums will be waived until your disability ends.

For example, if you own a $ 500,000 life insurance policy and your parents co-signed on a mortgage loan worth $ 250,000, you can designate 50 % of the death benefit to your parents until the loan is paid off.

A Life Insurance with Single - premium benefits is a type in which the premium is paid in lump sum to the policy to which in return death benefits are promised to be paid until the policyholder die.

Just like it sounds, a term insurance policy covers a defined period of time while a permanent life insurance policy is with you until death, as long as you pay the premiums.

The insurance part of the death benefit shrinks over time as the cash value grows, until eventually the cash value makes up all of the money the insurance policy will pay out.

This type of life insurance policy allows those with disposable cash to pay a lump sum into a life policy for a death benefit that will be paid up until the insured dies.

The policy is then maintained until death, at which point a named beneficiary receives the insurance proceeds.

The policy can be used to provide coverage for a limited time like term insurance or permanently, until the death of the insured, like whole life.

If a couple sets up the trust jointly, the insurance policy purchased within the ILIT is usually a «survivorship» or second - to - die policy, so the death benefit won't be paid until the surviving spouse passes away.

In addition to the higher premiums, one of the main drawbacks to a guaranteed issue life insurance is that your beneficiaries wouldn't receive a full death benefit until your policy has been in force for a specific length of time (typically between one or two years, depending on the life insurance company).

A life insurance policy that covers the insured until death rather than a specific number of years.

The appellant was not present and was unaware of the meeting or the Assignment until after his father's death when Mr. Berger advised him that the effect of the Assignment was that the proceeds under the life insurance policy would go to his father's estate.

It's quite possible to get a term life insurance policy that covers you until your particular life expectancy if all you are concerned about is a death benefit.

This allows for money to help the policyholder and his family while he is still alive, rather than having to accrue debt until such time as a life insurance policy pays out at death.

Whole life insurance is a policy that will remain in place until death.

Since whole life insurance policies are designed to last until death, you shouldn't just stop paying because this may lead to complicated issues, such as unwanted taxes on your life insurance.

To illustrate, suppose Bob has a term life insurance policy that covers him financially in the event of death until the age of 40.

Level Premium Whole Life Insurance (sometimes referred to as «ordinary whole life») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insured).

A second to die life insurance policy, also called survivorship life insurance, covers two individuals (usually a married couple) and delays the payment of the death benefit until the second person's death.

These are types of insurance policies that have a waiting period, sometimes two or three years, until the full death benefit goes into effect, and they're designed for people that have some kind of preexisting health condition.

A life insurance policy that covers the insured until death rather than a specific number of years.

If someone already has existing work life insurance, privately owned life insurance, and their budget is tight, then an accidental death policy may be appropriate to get them more coverage until their life insurance budget increases.

While a first to die joint life policy pays out upon the death of the first covered person, a second to die life insurance policy will not pay out benefits until both of the insureds have passed on.

The policy can be used to provide coverage for a limited time like term insurance or permanently, until the death of the insured, like whole life.

This means that the life insurance policy purchased to fund the death portion of the buy - sell agreement can not be transferred to the disabled owner or dropped until the end of the installment period, because the death benefit will be needed to complete the transaction in the event of death during the buyout period.

Bob also had a $ 60,000 life insurance policy through his employer that his employer was kind enough to keep making payments on until Bob's death, so Mary would have access to $ 60,000 additional life insurance money.

For example, if you own a $ 500,000 life insurance policy and your parents co-signed on a mortgage loan worth $ 250,000, you can designate 50 % of the death benefit to your parents until the loan is paid off.

You'll still have the same life insurance policy you bought - nothing will change about the term or death benefit - but your premiums will be waived until your disability ends.

Whole versus Term: A life insurance policy that covers until death, also called a whole - of - life policy, usually involves higher premiums in comparison with a term insurance policy, which offers cover only for a fixed number of years.

A survivorship life insurance policy is one which where the death benefit is spread across more than one life; it is also called second - to - die life insurance because it does not pay out until after both insureds have passed.

Permanent insurance policies such as Whole Life, Universal Life and Variable Life differ from Term policies because they cover you until death.

Globe Life offers accidental death insurance with an initial death benefit of up to $ 250,000, and this figure increases by 5 % each year for the first 5 years of the policy (or until you reach age 70, whichever happens sooner).

If you are a business owner and want to buy a life insurance policy on the key employee which will provide a death benefit until that employees retirement then Return of Premium Term might be a great option since you will just get all your money back if the loss of life didn't occur and your valuable employee retires.

Mortgage life insurance benefits usually decrease over time but with level premiums; whereas, term life insurance has death benefits that remain level until your policy expires, with level premiums.

Permanent insurance will stay in effect until you die at whatever age or you can surrender the policy before death and receive a cash surrender value.

With a term life insurance policy the death benefits you buy remains constant until the term expires.

Another key aspect of life insurance arithmetic is determining how many customers will continue paying their policies until death.

The best bet, if you are looking toward your future, is to get a term life insurance policy while you are in your forties or fifties and make sure the length of the term is large enough to cover you until death.

In this more traditional life insurance policy, the premiums stay the same over the life of the policy, which stays in effect until your death, even after you've paid all the premiums.

I am looking for insurance that will last until I pass but one that will pay out (for example after I take out the policy and go to the doctor and they say I have cancer of some sort, the insurance company would pay in advance instead of waiting until my death)

If you have had legal problems and can not qualify for life insurance, for a certain time frame, then an Accidental Death Policy would also be a good consideration until such time when you can qualify for a standard life insurance plan.

Once the policy has enough cash to provide for the cost of insurance, you can stop paying premiums and the policy will remain in force until the death benefit is needed.

If you need a longer insurance policy and one that lasts until death, Shelter Insurance Companies also provide other permanent life insurance insurance policy and one that lasts until death, Shelter Insurance Companies also provide other permanent life insurance Insurance Companies also provide other permanent life insurance insurance policies.

Single - premium life (SPL) is a type of insurance in which a lump sum of money is paid into the policy in return for a death benefit that is guaranteed until you die.

Whole Life Insurance — Whole life is a type of permanent life insurance that is intended to stay in force throughout the «whole» life of the insured, or until the policy pays out the proceeds at the insuredInsurance — Whole life is a type of permanent life insurance that is intended to stay in force throughout the «whole» life of the insured, or until the policy pays out the proceeds at the insuredinsurance that is intended to stay in force throughout the «whole» life of the insured, or until the policy pays out the proceeds at the insured's death.

The appeal of such transactions is that, where the original policyowner has had an adverse change in health since the policy was originally issued, a third - party buyer may be willing to pay more for the policy — and hold it until the death of the original insured — than the insurance company is willing to offer as a cash surrender value.

The policy can not be cancelled by the insurance company as long as your premiums are paid and remains in effect until the death of the insured person.