Sentences with phrase «die life insurance because»

Some married couples make the choice of the second to die life insurance because it could be a good economic saving if there is a wide age difference or poor health among one of the spouses.

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.

Not exact matches

If you need life insurance, the longer you delay, the more you'll pay — essentially, because your risk of dying increases with age.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

And you're left picking up the pieces of the homebirth gone wrong left to live on with the pain of knowing that your child died or was seriously injured and there's nothing you can do about it because there is no malpractice insurance and there are no laws which hold an untrained and unlicensed person responsible.

Most new parents understand the importance of life insurance, but few realize that their odds of losing their income because of disability are far greater than dying young, says Mike Haggerty, director of financial planning services at Community America Credit Union in Kansas City, Mo..

Where it falls short: A travel accident insurance policy in no way compares to a life insurance or disability policy because it only kicks in if you die or are severely injured on that particular trip.

These are excellent times to buy term life insurance, because you can ensure that the financial obligations of your home and family do not become a large burden for your survivors if you die unexpectedly.

You'll encounter many people asking for help with the costs of funerals and taking care of their children because a parent suddenly died without any life insurance in place.

Simply put, second to die or survivorship life insurance differs from all the other types of life insurance because it insures the lives of two people AND only pays a death benefit upon the death of the last survivor.

Even if an ILIT isn't being used as part of the estate plan, perhaps because there are no children or grandchildren, second to die life insurance is a good way to handle the burden of federal estate taxes.

That means when your 20 - year term is up, you shouldn't need life insurance at all — because with no kids to feed, no house payment and $ 700,000, your spouse will just have to suffer through if you die without insurance.

That's because the «payoff» of life insurance doesn't happen until you die, and the benefit goes to your loved ones.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

Estate Planning — As you can imagine, life insurance is now heavily involved with the estate planning process because it provides a source of liquidity in the form of cold hard cash after you die.

However, some life insurance companies have recently begun offering «beginner» life insurance policies that are inexpensive, but only pay a death benefit if you die because of an accident.

People that opt for permanent life insurance at an early age often find that because premiums are higher than with term life insurance, they skimp and buy less insurance than they really need to replace lost wages, pay off a mortgage or pay for their children's college education if they die.

If you outlive your term life insurance policy and want to renew, your costs could increase because you are now older and at an increased risk of dying.

I learned it again as a young life actuary, because life insurance companies can die from credit risk, run - on - the - company risk, or both.

Low cost life insurance is a product that is closely associated with death because the plan pays when its owner has died.

Because the chances of dying from smoking - related causes is so prevalent, many life insurance companies in the U.S. charger higher rates to compensate them for the added risk of extending a policy.

ROP premiums are higher than traditional term life premiums because the insurance carrier is paying out whether you live or die.

For many, a hybrid policy is a great way to go because it covers life insurance and long term care, so either it pays out when you die or when you need help with long term care costs.

Because assets may take decades to appreciate into their full value, you could die before your investment has matured, and your loved ones would benefit much more from the life insurance death benefit than from what you have stashed away.

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.

Now, I know that the life and mortgage insurance companies would have died, because of research I did in March and April of 2009.

There's only four ways to win in the fixed toward the house life insurance company game, and that's to either own their stock (because that's where all of these ill - gotten profits from fleecing the masses of sheeple end up), be an agent or employee, or buy term life insurance and then die (from an accident).

Because whole life insurance has an investment component and a guaranteed death benefit no matter what age you die, it will always be more expensive than term life insurance.

In this scenario, the second option is actually a better choice, because utilizing a second - to - die life insurance policy, called a survivorship policy, allows the cost of insurance to be spread over two lives, not one, reducing the overall risk of an earlier payout by the insurance company.

I think life insurance is a much safer bet than Vegas, because if you die while your life insurance policy is «In Force» your beneficiary will receive the death benefit, but in Vegas your odds aren't even 50/50 on any form of gambling.

So, the purchase of Business Life Insurance such as Business Credit Life Insurance is essential because it guarantees that the business loan will be re-paid to the lender should the borrower die.

The main reason you need life insurance is because it provides a financial security blanket for your family should you die.

Because you can find cheap term life insurance while you are young and just starting out in life compared to whole life insurance policies, term life will often be a better option for those looking to provide financial support to a loved one if he or she dies prematurely.

Many people avoid thinking about or buying life insurance because they don't want to contemplate dying.

However, just because life insurance is offered through work doesn't mean that your family is adequately protected in event you die.

However, term life is generally cheaper than permanent insurance because the risk of you dying within the covered term is much less.

But, the truth is if you would die today, your family would probably need the life insurance payout because most people don't have enough savings to cover the worst - case scenario in their lives.

Because drunk drivers may perform this life - threatening mistake over and over again, life insurance companies consider them to be more likely to die prematurely, and the numbers are present to back it up.

Life insurance is arguably the most selfless insurance product because you really don't buy it for you — you buy it for those you leave behind when you die.

ROP premiums are higher than traditional term life premiums because the insurance carrier is paying out whether you live or die.

Even nonworking parents should consider life insurance because if they died, their spouse would have to hire someone to handle all the chores at home.

You would be surprised at how often someone with life insurance dies and ends up leaving their spouse with nothing because their ex-spouse is still listed as their primary beneficiary.

Because the death benefit is paid out only after both insureds have died, there are very specific purposes that survivorship life insurance is typically used for that may include:

As Ramsey writes on his blog, «That means when your 20 - year term is up, you shouldn't need life insurance at all — because with no kids to feed, no house payment and $ 700,000, your spouse will just have to suffer through if you die without insurance.»

Because assets may take decades to appreciate into their full value, you could die before your investment has matured, and your loved ones would benefit much more from the life insurance death benefit than from what you have stashed away.

The higher the chance that you'll die before your time — either because of a risky health condition or hobby — the higher your life insurance premiums will be.

Because if there's one thing the world of Harry Potter hammers home relentlessly, it's that people die, often quite unexpectedly, and therefore it's smart to plan for the worst and make sure you're covered by life insurance.

This is because the life insurance policy will pay the death benefit as soon as you die, in one lump sum and the policy will terminate.

Whole life insurance is so much more expensive because it lasts your whole life; you're guaranteed to die while it's in effect as long as you've been paying your premiums, so unlike term insurance your risk level is not a matter of if you die but when.

A joint life insurance policy is a possibility, but it's not really the best option because of the expense (it's usually a permanent policy, so it costs more than term life insurance) and it can get confusing when you get into the difference between first - to - die and second - to - die policies and what to do if there's a divorce.