Sentences with phrase «die life insurance keep»

Not exact matches

Cash value that's left in your life insurance policy when you die is kept by the insurer.

If you have a life insurance policy, and you've been keeping up with your premiums, your insurer will pay out a death benefit when you die.

Cash value that's left in your life insurance policy when you die is kept by the insurer.

A second - to - die life insurance policy is attractive to those who feel strongly about keeping property within the family.

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.

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.

Like term life insurance, whole life insurance protects your family from financial burden when you die, as long as you kept paying your premiums, by paying out a death benefit, usually between $ 100,000 and $ 5 million.

If you were to die unexpectedly, life insurance is there to make sure your loved ones can maintain their standard of living, stay in your home, send your kids to the same schools and keep their plans for the future on track.

The money that is used to purchase the contract is placed into an escrowed trust account — typically an irrevocable trust — and that money makes premium payments to keep the life insurance policy in force until the insured dies.

Unlike a term life insurance policy, a permanent life insurance policy lets you rest assured that your beneficiaries will receive funds — regardless of when you die — as long as your premiums are kept up.

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

Then if you die, the life insurance company keeps it all (whereas if it were invested in anything else, your heirs would just inherit it).

The insurance company is betting you'll die young (and be able to keep more of your payments) and you're hoping to live a long time.

It's important to keep in mind if you lie about anything on a life insurance application, then die within two years, some companies may try to contest the claim, whether it's related or not to the cause of death.

If you have a life insurance policy, and you've been keeping up with your premiums, your insurer will pay out a death benefit when you die.

It's what keeps your insurance policy active (or «in force») so the insurer will pay out if, in the case of life insurance, you die.

Life insurance is a self - completing financial product, meaning that while it might take years or decades to save for a home or retirement, the value of a life insurance policy is instant; if you die, your loved ones immediately get the death benefit to keep their financial goals on trLife insurance is a self - completing financial product, meaning that while it might take years or decades to save for a home or retirement, the value of a life insurance policy is instant; if you die, your loved ones immediately get the death benefit to keep their financial goals on trlife insurance policy is instant; if you die, your loved ones immediately get the death benefit to keep their financial goals on track.

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.

Like term life insurance, whole life insurance protects your family from financial burden when you die, as long as you kept paying your premiums, by paying out a death benefit, usually between $ 100,000 and $ 5 million.

Cash value that's left in your life insurance policy when you die is kept by the insurer.

I showed him how he could create the functional equivalent of second - to - die term insurance with low - load second - to - die universal life policies, with low outlays and the option to keep the insurance in force for life.

As you search for a lost policy, keep in mind that if it was a term life insurance policy, then you as the beneficiary collect the benefit only if the insured person died within the term.

Life insurance can replace your income if you die too soon, while disability income insurance can replace income lost due to illness or accidental injuries that keeps you from working.

Keep in mind every situation is circumstantial and these are just general guidelines to help you understand that personal habits, hobbies, or family history can increase your likelihood of dying and, in return, you will pay more for life insurance.

Keep in mind: Your premium (amount you pay in exchange for life insurance) payments and death benefit (amount paid to your beneficiaries should you die during the term length) will remain level.

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.

Owners of closely held businesses may find that if they die, the proceeds of a permanent life insurance policy can help their children keep the business going while they determine what to do with it.

The money that is used to purchase the contract is placed into an escrowed trust account — typically an irrevocable trust — and that money makes premium payments to keep the life insurance policy in force until the insured dies.

Finally, there is the option to sell your insurance policy to a life settlement company who will give you cash for your policy — possibly even more cash than you would get by canceling — and then they would keep the policy and continue paying the premiums, collecting the death benefit when you die

You own $ 1,000,000 of term life insurance for a specific period of time and you die within that period the life insurance company pays $ 1,000,000, as long as you keep paying the premiums.

Since ignoring the fact that we'll all one day face the inevitable, isn't going to make the financial burdens associated with dying go away, we here at TermLife2Go chose to write this article so that we can openly discuss the questions that many folks have (but may not want to discuss), and hopefully answer many of the questions that could keep many families from being able to seek out the life insurance coverage that they need.

Therefore, if you ever become diagnosed with a health issue you can always convert all or a portion of your coverage to permanent life insurance and keep it until you die.

When one dies, if he does not have his mortgage paid life insurance would pay it off so his next of kin could keep the house.

Term life has lower premiums for a higher benefit amount... the insurance company is basically betting that you won't die during the period when you're covered, in which case they get to keep all your premiums and don't have to pay out anything (or, in the case of decreasing term, don't have to pay out as much).

A second - to - die life insurance policy is attractive to those who feel strongly about keeping property within the family.

The whole life plan is an insurance plan which covers your life against the risk of «dying too early» and «living too long» both, as the life cover is provided for the whole life keeping maximum maturity age as 100 in most of the plans.

Try to keep the focus that term life insurance is not about whether you are going to die (because we all do eventually), but rather is there a chance that you will die prematurely?

If you die, or if a partner dies, life insurance becomes a life raft that can keep the business afloat through a difficult transition.

Regardless of your and your spouse's respective incomes, you'll need life insurance so that if one of you were to die, the other would have the necessary replacement income to pay the mortgage, keep the home, and maintain a similar lifestyle.

So for example, if you have a $ 300,000 life insurance policy, and you've been paying the expensive premiums of a whole life policy (which can be at least 5 times as expensive each month compared to a term policy) for years and years to accrue cash value, but then you die, your heirs only receive the $ 300,000 and the insurance company keeps the cash value you've built up.