Sentences with phrase «desire additional death benefits»
When insureds desire additional death benefits in conjunction with other permanent forms of life insurance or packages of policies — Insurers often package level, increasing, or decreasing term riders with permanent forms of life insurance to create a combination of death benefits and living benefits that fit a person's particular needs and resources.
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The loan is collateralized by the death benefit and is not required to be paid back, or it can be paid back over any time frame the owner desires to build additional wealth inside the policy.