Sentences with phrase «die insurance coverage»

If you have first - to - die insurance coverage, the survivor may need to purchase an additional policy just after the first death to cover remaining expenses.

Not exact matches

Term life insurance provides affordable coverage for a defined period of years, with its primary purpose to replace income or help pay off outstanding debts if the insured dies during that time.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

The study also revealed that on average almost 6,850 Americans die in the U.S. each day and 48 % of these people die without any life insurance coverage to protect their families.

While life insurance rates will vary according to your particular health and risk profile, term policies are typically the least expensive form of coverage, since they only pay out if you die during a certain period of time (the «term» of the policy).

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Mortgage Life Insurance: Provides coverage for your family should you die before your mortgage is paid off.

You buy a life insurance policy with enough coverage that your spouse will be able to fill up the savings account if you die.

As with all life insurance coverage, if you die while the policy is in force your beneficiary receives a death benefit payout.

In other words, with whole life you can keep the coverage until you die and you probably won't pay premiums on the policy later in life, particularly if you chose limited pay life insurance.

Accident Insurance Coverage — Accident insurance coverage can provide additional benefit payout to an insured and their survivors if the individual dies of an Insurance Coverage — Accident insurance coverage can provide additional benefit payout to an insured and their survivors if the individual dies of an insurance coverage can provide additional benefit payout to an insured and their survivors if the individual dies of an accident.

Mortgage Life Insurance This coverage can reduce or pay off your mortgage if you die before the loan is repaid.

Joint - Survivor (Second to Die) Life Insurance Joint - Survivor Life is a type of coverage that can be a part of any type of permanent cash - value policy.

Several of the life insurance riders described above can provide you or your beneficiaries with extra coverage so that the student loan can still be paid if you die unexpectedly, or if you become critically ill or disabled and can no longer earn an income.

The insurance coverage may pay off the remaining mortgage balance in effect on the date in which the insured dies.

Because term insurance is simple; designed to only provide coverage for a defined number of years, and pays out if you die during that period it carries less risk than permanent life insurance and is more affordable.

There are two main types of insurance: Term and Permanent, whereas term insurance is covering the risk of a policy holder dying for a predefined time period, say 20 years, and permanent insurance provides lifetime coverage.

The insurance provider pays exactly the same amount when the insured dies throughout the very first day of coverage as though he / she dies throughout the 29th year of coverage.

If you or your co-borrower (if you choose joint coverage) die, the insurance company will pay off your mortgage.

A typical term life insurance coverage policy guarantees a set dying benefit.

So if you buy insurance coverage for both of these bad things that ARE GUARANTEED TO HAPPEN (inflation and losing everything when you die) on a 3 % fixed annuity, the actual yield on the amount you wrote the check out for could be lower than 1 % (or up to two thirds less than advertised).

Many of you have seen the television ads by Progressive Insurance touting that they are providing collision coverage for your pet — up to $ 500 — if Fluffy or Fido is injured or dies in a car accident.

Wrongful death settlement amounts can vary a lot depending, again, on the type and amount of insurance coverage, the degree of negligence that led to the death, and whether the person who died might have also been negligent (for example, in some auto accidents, both drivers share some fault).

The RI Supreme Court determined that the Insurance policy exclusion commonly known as the «owned but not insured exclusion» * (policy provision set forth below) precluded uninsured motorist coverage to the estate of the man who died in the bike and car collision.

First, the coverage may be a form of accidental death and dismemberment (AD&D) insurance, which only pays the beneficiaries if the employee dies from an accident or loses a limb, hearing or sight as a result of an accident.

Tyrone and Aisha knew that, when one of them died, they would need more than $ 100,000 in income replacement life insurance coverage.

This coverage is very important to your loved ones when you die, and if you can't afford an expensive policy you were sold by a commission - hungry life insurance agent, it will do your family no good after it is canceled.

The two main differences are one, that whole life insurance lasts your entire life.There is just something good about the feeling of knowing you have coverage no matter when you die.

Whole, universal and variable life are permanent forms of life insurance and provide coverage throughout your lifetime, paying out the death benefit whenever you may die.

Survivorship life insurance provides coverage for two people, and offers benefits if the second beneficiary should die.

Our Life Insurance Calculator can help you get a rough idea of how much coverage you'll need to make sure your family is okay financially when you die.

When I die, Sandy will get $ 425,000 (the amount of my insurance coverage) tax - free to pay off the mortgage or do anything else she feels is more important.

Accidental death policies will never provide coverage to you for natural causes of death, which means that your accidental death insurance policy will only pay out if you die from an «accidental» cause such as:

Life — Endowment - insurance that pays the same benefit amount should the insured die during the term of the contract, or if the insured survives to the end of the specified coverage term or age.

It will NOT provide life insurance coverage, so if you die due to a natural cause, your beneficiary will not receive a lump sum death benefit.

Life insurance provides benefits to your loved ones if you die while you have coverage.

With this coverage in place, if a covered employee dies or is disabled, the insurance proceeds are generally paid directly to the business tax free and can be used for any purpose.

In this case, you should usually reject the optional coverage, provided that you have some other life insurance (group or individual) that can be designated to pay off the loan if you die.

The component of your auto insurance which covers the insured in the case of them dying from accident related injuries, in which case the auto insurance coverage may provide a payment to the insureds designated beneficiary.

I will cover appropriate amounts of death benefit coverage you should have at another time, since this post focuses on the cash value benefit of life insurance, which you don't have to die to use.

This is the amount of term life insurance coverage that is purchased and is what the beneficiaries receive when the insured dies.

Dependent life insurance provides coverage in the event a spouse or dependent child dies.

The article provides a very good account of how life insurance companies scrutinize applications after an insured dies within the 2 - year contestability period for «material misrepresentations,» and then deny coverage to beneficiaries who are in financial need.

In other words, the insurance companies know that over an extremely large number of people, very few will die during the initial ten year period and most will drop the coverage or replace their policy before their life expectancy.

If someone dies while traveling in a foreign country, the repatriation coverage in their travel insurance plan means you won't have to handle this difficult situation alone.

Our own online life insurance calculator can provide you with a needs analysis so that you can quickly and easily calculate how much coverage may be necessary to meet your immediate obligations and to sustain your household after you die.

A life insurance policy is designed to pay a stated sum to the designated policy beneficiary in the unlikely event that the insured dies within the policy's coverage period.

In essence, the traveler can not be buried where they died using their travel insurance coverage — their body must be transported home instead.

However, after using a life insurance coverage calculator, he determines that the coverage isn't enough to take care of his family's financial needs if he were to die.

To be able to make a claim on your travel insurance policy should someone who is not a family member as defined by the travel insurance plan documents die, you'll need to have «cancel for any reason» coverage and you'll have to cancel your trip within the time frame defined by that coverage (sometimes as early as two days prior to your trip).