Sentences with phrase «death policy stays»

As long as you pay your premiums, an accidental death policy stays in effect your entire life.

Not exact matches

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).

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

You don't have to worry about renewing your policy every few years and your death benefit will stay the same.

The premiums are incredibly high and increase over time (in contrast to «level term» policies, «level benefit» means the death benefit stays the same while rates rise), and coverage ends when you turn 80.

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).

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.

On the other hand, these policies do NOT need to be as a actively managed or contributed to down the road to make sure that the death benefit stays in place.

You can access cash value, through loans and withdrawals, potentially free of current income tax as long as the policy stays in force until the Insured's death.

With it, the face amount (the death benefit) and the premium (the amount you pay for protection each year) are fixed at the time you buy your policy and stay the same even as you age.

For the financially well established who want to minimize the impact of the taxes due on their estate at their death, a permanent policy will stay in place to meet a longer - term need.

I think there should be an international policy on Ghost Bikes: that they stay there until the fundamental problem that caused the death is solved.

Just like guaranteed universal life policies do to age 100 or 120, these riders mandate that even if the policy has no cash value, the death benefit and premium are still guaranteed to stay fixed during the initial term selected.

The biggest draw towards these policies is the guarantee that your premiums will always stay level and the death benefit will always stay the same.

The premiums are incredibly high and increase over time (in contrast to «level term» policies, «level benefit» means the death benefit stays the same while rates rise), and coverage ends when you turn 80.

If, like most people, you are buying life insurance for the leverage (small premium / large death benefit), you may prefer not having to worry about the policy staying in force.

The reason for this is that unlike Whole Life policies, guaranteed universal life policies are not designed to build cash value, and the death benefit stays level.

Alternatively, you may want to add a no lapse guarantee rider to your policy for whatever length you MUST have the policy in force, to ensure the premiums and the death benefit stays level for that period.

With it, the face amount (the death benefit) and the premium (the amount you pay for protection each year) are fixed at the time you buy your policy and stay the same even as you age.

One problem is there are companies that don't make it clear if the term policy they offer is really «level» as we have defined it or if the premium stays the same but the death benefit DECREASES.

Your payments stay the same, you get a guaranteed rate of return on the «cash value» investment component of the policy, and the death benefit amount doesn't change.

Option 1 Death Benefit or Level Death Benefit: You can choose a level death benefit, that starts off as one amount and stays level for the life of the policy, regardless of cash vDeath Benefit or Level Death Benefit: You can choose a level death benefit, that starts off as one amount and stays level for the life of the policy, regardless of cash vDeath Benefit: You can choose a level death benefit, that starts off as one amount and stays level for the life of the policy, regardless of cash vdeath benefit, that starts off as one amount and stays level for the life of the policy, regardless of cash value.

This is unlike other term life insurance policies, where the death benefit stays constant unless you make changes to the policy.

As long as you keep paying the premiums, your variable life insurance policy will stay in force and provide a death benefit to your survivors.

Many child plans also offer a waiver of premium and a student income rider that allow the policy to stay in force even after the death of the primary insured.

Depending on your needs, you might want a policy that only covers your mortgage or you may require a policy that stays in place until death and both of these can be achieved with ease.

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.

This rider stays in effect until the base policy is terminated, the full death benefit has been restored or the long - term care benefit rider is terminated.

The only problem with these types of life insurance policies is that they will also contain a «graded death benefit» which will state that the insured must stay alive for a certain amount of time (typically 2 - 3 years) prior to their policy covering «natural» causes of death.

With the level death benefit, the amount the policy pays out stays level throughout the life of the policy and pays out the death benefit or the cash value, whichever is greater.

Because ordinary universal life insurance must have cash value to stay in force, the guaranteed UL allows policies that would otherwise lapse to remain in force so that the beneficiary receives the death benefit that they are entitled to.

ACE stands for assured coverage endorsement and this is essentially a no lapse guarantee endorsement that states even though this is a cash value policy, even if there is zero cash value or not enough cash value to sustain the cost of insurance, the policy's premiums and death benefit will still stay level as long as you pay your premiums on time when they are due.

The payout the policy provides will replace your income and help them stay comfortable and fed even after your death.

With Level Term Insurance, the death benefit stays the same throughout the duration of the policy.

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

Decreasing term offers a death benefit that decreases each year (even though the premium will typically stay the same throughout the life of the policy).

The premiums and the death benefit are what's «level» — they stay the same over the life of the policy, unlike other term insurance with premiums that increase over time, Feldman says.

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.

While the minimum death benefit and surrender value have been altered for traditional product customers who stay invested in a policy for a longer period, in the case of unit - linked insurance products (Ulips), insurers will have to intimate customers about changes in the yield of the Ulip every month.

The death benefit from a life insurance policy will enable the survivors to stay on the farm, continue the education of any children or grandchildren, and can also cover the expenses associated with any estate or inheritance taxes, farm debt, estate administration, and provide income protection for the surviving spouse and other family members.

Most trip insurance policies cover trip cancellation due to a non-traveling family member's death or illness requiring you to stay home.

Here, the death benefit and the premium will typically remain fixed — and the policy will stay in force for the remainder of the insured's lifetime — provided that the premium is paid.

There are two types of term policies: level term vs decreasing term life insurance.With a decreasing term insurance the death benefit goes down over time, even though your policy premiums stay the same.

The most popular form of term life insurance where the death benefit and premium amount are guaranteed to stay the same throughout the life (term) of the insurance policy.

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 insured's death.

Level term means that the death benefit stays the same throughout the duration of the policy.

The second component of a level term policy that stays level is the death benefit.

Unlike term life insurance, which just pays out a death benefit if you die during the period of time you have the policy, like 10 or 20 years, a whole life insurance policy will stay in effect as long as you continue to pay your premiums every month.

Option to buy the plan in the name of your spouse and opt for the Max Life Waiver of Premium Plus Rider, which will ensure that the policy continues to stay active along with all the benefits in case of an untoward incident such as dismemberment, diagnosis of critical illness, or death

In the case of traditional whole life, both the death benefit and the premium are designed to stay the same (level) throughout the life of the policy.