Sentences with phrase «die life insurance for»

Not exact matches

For instance, if your spouse died, you'll want to locate a will, if there is one, and obtain a death certificate so that you can begin the process of claiming any life - insurance death benefits and other possible benefits.

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

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.

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.

Designed to provide a survivorship life insurance solution for clients seeking strong protection and accumulation guarantees, this new second - to - die whole life product can cover two lives more cost effectively than two comparable individual policies.

A financial advisor can furnish clients with reports that illustrate their loved ones» potential financial positions if a provider were to die today and show them how life insurance can help provide a solution for survivors.

One of the key differences to understand is that while you can purchase much more term life insurance than permanent insurance for your money, if you don't die during the term, your favorite charity won't receive any death benefit.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

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).

Yes, but you neglect to consider that the money you save by opting to go with term insurance can be invested, and you'll probably be out way ahead with that money for your beneficiaries and heirs rather than if they wait for you to die and collect their benefits through a whole life policy.

Life insurance is for our families to be used in case we die.

There are many married young people that choose NOT to have LIFE INSURANCE and they do not consider the consequences for their family should they die.

When my wife and I opened our business, she told us we each needed to have enough life insurance to pay off our house and be completely non-functional for a year if the other one died.

Ted C. Seiler, 74, of Arlington Heights, a retired insurance manager for North American Life Assurance Co., Chicago, died Monday in Highland Park Hospital.

«And, in my own personal life for example, someone very dear to me, whom I love very much, my mother, who was dying of Lou Gehrig's disease and was having terrible problems with health insurance.

Service Group Life Insurance The service group life insurance provides financial protection for an employee's surviving husband, wife, registered partner, cohabitant and children, in case the employee should die before the age ofLife Insurance The service group life insurance provides financial protection for an employee's surviving husband, wife, registered partner, cohabitant and children, in case the employee should die before the aInsurance The service group life insurance provides financial protection for an employee's surviving husband, wife, registered partner, cohabitant and children, in case the employee should die before the age oflife insurance provides financial protection for an employee's surviving husband, wife, registered partner, cohabitant and children, in case the employee should die before the ainsurance provides financial protection for an employee's surviving husband, wife, registered partner, cohabitant and children, in case the employee should die before the age of 65.

Then reality hits home — families are left to care for the permanently dying, life - insurance policies become meaningless, and funeral parlors are reduced to arranging burials for pet dogs, cats, hamsters, and parrots.

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.

It's typically less expensive than traditional life insurance, since you're unlikely to actually die due to an accident (since mishaps account for only about 5 % of deaths).

In effect, buying a longevity annuity is a bit like buying a life insurance policy, but instead of making a payment to your heirs when you die, a longevity annuity makes monthly payouts to you for the rest of your life, assuming you're still alive when those payments are scheduled to begin.

For example, then, if you died from a heart attack or other medical issue, your family would receive little money in life insurance proceeds.

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.

For example, if a homeowner with mortgage life insurance dies after 10 years of payments on a $ 250,000 mortgage, the lender would pay approximately $ 185,000 to cover the remaining mortgage debt.

(Small businesses may wish to consider purchasing life insurance policies for key individuals, such as an owner or top employee, to help prevent financial distress if that person were to die.)

Life insurance companies use classifications to determine how risky you are for them to insure — what are the chances that you'll die over the course of your policy?

However, if you're just in market for life insurance to replace your income, pay off outstanding debt, or financially protect your dependents in the event you die unexpectedly, term life insurance may be a better option for you.

Take life insurance as an example: you pay for a policy, and if you die during the term then that money (the death benefit) goes to the person you named as your beneficiary on the policy.

For example, if a wife owns a life insurance policy on her husband and their adult daughter is the beneficiary, then technically the wife is gifting her daughter the policy proceeds should her husband die.

Life insurance can protect your family from becoming financially burdened in the event that you unexpectedly die, especially if you are the primary income earner for your household.

A life insurance company which might sell her an annuity would guarantee payouts, provide protection against civil claims and could, if she chooses that option, guarantee a minimum number of payments to her three grown children, or anyone else for that matter, even if Hilda were to die very soon.

Some life insurance carriers will give you a Preferred Plus rating even if one of your parents had a serious medical condition but did not die from it before the age of 60, while another carrier may tell that same applicant that they only qualify for Standard.

The 2 - for - 1 strategy he presents is all about utilizing second - to - die survivorship life insurance to lower the overall cost of premiums for couples looking to leave a legacy gift to their children.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

The more important discussion is how a second to die life insurance policy may be used and when is it most advantageous for the consumer.

So in calculating the payments annuity owners will get, insurers can factor in «mortality credits,» which is insurance - speak for the money that's effectively transferred from those annuity owners who die early to those who live a long life.

For example, a father or mother who is the primary income earner of the household that has a large life insurance policy gets the peace of mind that the family will be taken care of financially if he or she die unexpectedly.

CS said my Approval Odds were very good for a Discover Card, TU 735, EQU 696, no late payments in 3 yrs, A chap 13 BK in 2009 that's still on my Equifax Report and they said it will stay there for 10 years, the others have removed the BK, No car note, 10 more house payments, wife died in 2012 with no life insurance I maxed out three cards and took out two loans to bury her, God is good, I'm a disabled War Vet and cant work, I hung in there and paid everybody on time, I have two Capital One CC $ 1200 and $ 3000 both almost maxed out, Applied for Discover it today and they gave me a

The adage, «Women get sick, men die» (yes, it's one of mine) is born out in the statistics for disability and life insurance claims, and it's reflected in the premiums.

The other reason for using joint first - to - die life insurance is when both spouses have similar income levels.

I am an insurance professional looking for a true «first to die» life insurance policy and can't find a company that sells one.

Joint last - to - die is suitable for estate planning strategies, but what is joint first - to - die life insurance used for?

For the past 30 years, second - to - die life insurance policies have been sold to people for tax savings and flexibiliFor the past 30 years, second - to - die life insurance policies have been sold to people for tax savings and flexibilifor tax savings and flexibility.

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).

If you died today, would you life insurance pay for your Human Life Value, replace your income, pay off your mortgage or only cover your funelife insurance pay for your Human Life Value, replace your income, pay off your mortgage or only cover your funeLife Value, replace your income, pay off your mortgage or only cover your funeral?

Income replacement The most common reason for buying life insurance is to replace the income lost when you die.

For example, when you die, and your paychecks stop, the life insurance proceeds can be used to continue to support your family members.

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

Oftentimes, when a company would not be able to withstand the loss of two key executives, the second - to - die life insurance option can be a good plan for ensuring that there are funds available to the business for keeping the company afloat while a replacement is being sought, or the company is in the process of finding a potential purchaser.

Life insurance is a way for families to make up for the loss of income they experience when a loved one dies.

for purchasing life insurance is to protect the lifestyle of your family or dependents if you die, a