Sentences with phrase «death insurance typically»

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.

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

This is why we would typically recommend accidental death and dismemberment insurance as a supplement or rider to traditional life insurance, but not as a standalone policy.

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).

No medical exam whole life insurance is typically used as a form of final expense insurance, as coverage is lifelong and death benefits are generally limited to a maximum of $ 25,000 or $ 50,000.

Therefore it's typically intended as final expense insurance, offering a large enough death benefit to cover a funeral and other costs associated with your passing.

However, permanent life insurance solutions that focus on providing lifetime guaranteed death benefits, such as these, are typically less expensive than other types of permanent life insurance that emphasize savings opportunities.

Unlike term life insurance, mortgage life insurance typically pays the death benefit directly to your mortgage lender.

Similarly, guaranteed acceptance whole life insurance offers the ability to skip detailed health questions and the medical exam, but premiums will be even higher and the death benefit will be limited (typically less than $ 100,000).

Our language is filled with euphemisms about death: somebody passed away, or «we lost Uncle Ned»; if a husband and wife discuss life insurance, one typically hears, «If something should happen to me...,» not, «When I die...» Graveyards became cemeteries and then memorial gardens, the corpse has become the remains (and a cremated corpse the cremains), burial has become interment, and the death certificate the «vital statistics form.»

We typically think of life insurance as the transfer of wealth at death, but did you know that it can also be used to transfer wealth during life in a tax efficient manner?

It's typically less expensive than traditional life insurance, since you're unlikely to actually die due to an accident (since mishaps account for only about 5 % of deaths).

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.

Therefore it's typically intended as final expense insurance, offering a large enough death benefit to cover a funeral and other costs associated with your passing.

Unlike term life insurance, mortgage life insurance typically pays the death benefit directly to your mortgage lender.

No medical exam whole life insurance is typically used as a form of final expense insurance, as coverage is lifelong and death benefits are generally limited to a maximum of $ 25,000 or $ 50,000.

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).

Travel accident insurance through credit cards typically provides coverage in the event of death or dismemberment during the course of common carrier travel — that is, travel on a vehicle that's open to anyone who pays a fare or buys a ticket and runs on a regular schedule (e.g. planes, trains, ferries, and cruise ships).

The issuing insurance company guarantees, subject to the insurance company's claims - paying ability, that upon your death it will pay your beneficiaries a preset amount that is typically free from income taxes.

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

Irrevocable Life Insurance Trust: Typically used to shelter an insurance death benefit from estate taxes and may provide liquidity to pay estate taxes and settlemeInsurance Trust: Typically used to shelter an insurance death benefit from estate taxes and may provide liquidity to pay estate taxes and settlemeinsurance death benefit from estate taxes and may provide liquidity to pay estate taxes and settlement costs.

Similarly, guaranteed acceptance whole life insurance offers the ability to skip detailed health questions and the medical exam, but premiums will be even higher and the death benefit will be limited (typically less than $ 100,000).

Final expense insurance is typically a permanent insurance policy with a small face value (often $ 5,000 to $ 25,000) since it's intended to cover limited expenses associated with your death.

A decreasing term life policy (aka mortgage life insurance) features a death benefit that declines over time, even while the premium typically stays the same.

Life insurance is beneficial because the death benefit is typically exempt from the probate process (which is when these «Who pays for what?»

However, if your beneficiary receives the life insurance payment as a series of installments, the insurer will typically pay interest on the outstanding death benefit.

Colonial Penn's term and whole life insurance products don't require a medical exam and have a maximum death benefit of $ 50,000, meaning you'll typically pay higher premiums and won't be able to purchase a greater amount of coverage should your financial needs change.

Typically, your life insurance beneficiary receives the death benefit income tax free.

If the purpose of the permanent life insurance policy is for death benefit only, then a 1035 typically will have no benefit.

However, the benefit of going with term life insurance is that you can choose a much higher death benefit than is typically available for products with limited underwriting.

Since probate typically takes six months or longer, Dave's survivors had none of the financial flexibility that a life insurance policy would have provided in the difficult time following his death.

The death benefit of a variable life insurance policy is typically structured in one of two ways:

Child life insurance is typically sold as a whole life insurance policy with a death benefit under $ 100,000.

Typically, death benefit from life insurance is not taxable.

If your intention is to build up cash savings to protect your loved ones in case something happens to you, the death benefit protection offered by cash value life insurance will typically provide them with a greater amount than the cash value of your account.

The rider meets the definition of accelerated life insurance death benefits under IRC § 101 (g)(1)(b), which typically allows the chronic illness benefit to be income tax free.

Cash value life insurance is more applicable to wealth building discussions because cash value is typically used during the policy owner's lifetime and is forfeited upon death in lieu of the death benefit being paid to surviving beneficiaries.

Typically, the death benefit of a life insurance policy is not subject to income tax.

The great thing about life insurance is that the death benefit is paid out income tax free and not necessarily tax free altogether as life insurance proceeds are typically included into the gross estate of the decedent (the deceased) and are thus subject to estate taxes (sometimes called «death taxes»).

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).

Typically, a universal life insurance policy holder may adjust — within certain limits — the death benefit amount, as well as the timing and the amount of their premium.

Jeremy Hallett, founder of online insurance marketplace Quotacy, said in an interview that premiums are typically 10 times higher for whole life policies than they are for term life policies with the same death benefit because permanent insurance provides coverage for life with guaranteed level premiums.

Although the face value (death benefit) is typically smaller than that of a traditional life insurance policy, so are the premiums.

At the time of your death, preneed life insurance proceeds are often made payable immediately to an assignee (typically the funeral home) to cover costs with little (if any) delay.

Although it's easier (and faster) to buy than term life, guaranteed issue life insurance offers much smaller death benefits and is typically available only for shoppers in certain age groups (for example, age 50 through 80).

Life insurance benefits are typically paid when the insured person dies and the beneficiary files a claim with the insurance company and provides a certified copy of the death certificate.

Life insurance death benefits aren't typically considered taxable income.

Typically this type of joint insurance is on a husband and wife, and the policy death benefit is paid only after both die.

However, life insurance death benefits are typically not taxable.