Sentences with phrase «die life insurance also»

Not exact matches

You might also want life insurance to cover college expenses for your kids if you die, or pay off your mortgage at that point, or to pay for funeral expenses, or to protect the income your business gets from a key employee.

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.

In the worst - case scenario, of your company so dependent on an employee that it could potentially go out of business if they were to die, key man life insurance can also provide an alternative to declaring bankruptcy.

Also, life insurance only pays out if the person insured dies.

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).

You might also decide your family would be fine financially if you died or suffered a disability, prompting you to drop your life and disability insurance.

Second - to - die life insurance, also called last - to - die or survivorship life insurance, is usually purchased in order to leave children an inheritance or cover estate taxes they might face.

Life insurance death benefits paid out of qualified plans also retain their tax - free status, and this insurance can be used to pay the taxes on the plan proceeds that must be distributed when the participant dies.

(Automatic default can also be triggered if you die before the loan is paid off; ask your lender about repayment terms and consider purchasing additional life insurance for yourself to allow for this possibility.)

We will also give examples of life insurance products that can offer you a consistent return on investment as well as provide peace of mind knowing your family would be taken care of if you died today.

If a parent dies and leaves a will that divides the estate equally, but also leaves a life insurance plan that names only one child as a beneficiary, can the other siblings force the life insurance...

In addition to ensuring that your loved ones are not left homeless, your life insurance policy can also replace the income that is lost when you die.

Also, a second - to - die life insurance policy may be beneficial where both spouses are active in the business and the surviving spouse will not need the death benefit.

Sally was also sold life insurance for $ 595 to pay out the loan and allow her estate to keep the car if she died.

For example, if the husband is required to pay support, he may also be required to obtain a life insurance policy and name his spouse as irrevocable beneficiary of the policy so that if he dies, the spouse will have sufficient funds for his or her support.

Term life insurance can also be used for final expense policies, but if you die after the term period has ended, your loved ones will receive no payout from your life insurance contract.

Survivorship life insurance, also known as second to die, offers death benefit protection upon the death of the survivor.

A survivorship life insurance policy, also known as second to die life insurance, is a joint permanent life insurance policy that covers two persons.

Life insurance can also provide much needed funds to pay bills, make the mortgage payment and other important purposes in the event the family's breadwinner dies prematurely.

Term life insurance policies also offer a level death benefit; whether the policyholder dies five years into the term or 20 years into the term, the death benefit will be the same.

It is also known as second to die or Joint Life insurance.

A family history of heart disease, or a parent dying prior to age 60 can also put you in the standard plus or standard health rating category, although there are some life insurance companies that don't a family history of cancer against you — and we can help you use those companies if that is the case for you.

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.

In addition to permanent life insurance policies, Phoenix also offers survivorship and first to die life insurance policies:

Also, life insurance only pays out if the person insured dies.

Second - to - die life insurance, also known as survivorship life, is a life insurance policy that insures two people most commonly a husband and wife.

The beneficiary can also be an organization or a charity that would receive the money from your life insurance policy when you die.

Typically designed so that the surviving business partner would have the money to purchase the company interests, life insurance for businesses can also be structured as «key person insurance,» where if a key employee dies the business owner will receive a benefit to help offset the financial impact of losing the key employee.

With survivorship life insurance, also known as a second - to - die policy, the policy doesn't pay out until both policyholders are deceased.

Traditionally issued as a permanent * policy (whole or universal life), second - to - die life can also be underwritten on a term life insurance policy form.

When it comes to joint life insurance, there's another important distinction to make: whether it's a first - to - die or a second - to - die, also known as surivorship, policy.

A smaller term policy will cost less, and joint life insurance (also known as first - to - die insurance) will benefit the surviving spouse.

Also commonly referred to as Joint Survivorship or Second - to - Die life insurance, this policy option can be an effective tool in meeting your clients» estate planning needs.

Survivorship life insurance, also called «second - to - die» life insurance, covers two people at once, and the death benefit is paid upon the second death.

Sometimes there's a wrinkle in your life insurance policy: what if you die, but the life insurance beneficiary also dies?

You can also keep your life insurance policy in a safety deposit box at a bank, but be aware that this could cause problems when you die.

Also called classifications, a life insurance rating is essentially a measurement of how risky you are to insure, based on how likely you are to die during your policy's term.

Of course, many of us also buy insurance for medical care and life insurance policies that give our loved ones some financial comfort when we die.

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.

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.

The Small Business Administration has also set out a series of tough guidelines for how a life insurance policy should be restructured in order to ensure full repayment of a loan if the borrower dies.

When adding an AD&D rider, also known as a double indemnity rider, to a life insurance policy, the designated beneficiaries receive benefits from both in the event the insured dies accidentally.

Also called «second - to - die» life insurance, this type of whole life policy insures two lives (typically spouses) and pays out upon the death of the second individual.

These types of policies are also often referred to as second - to - die or joint life insurance coverage.

Term life insurance is also a good buy if you own a business and need funds to cover your business expenses if you die prematurely so your loved ones don't have to be burdened with the leftover business costs.

Also, if you are self - employed or are in partnership with one or more partners than you should carry some life insurance to cover your business expense obligations should you die.

Life insurance protects your family from your financial debts and obligations after you die by providing a death benefit, but it also may be used for business purposes to compensate a company for the loss of a key person in the company.

A sizable life insurance policy will also help your family pay any debts after you die.