Sentences with phrase «die life insurance option»

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.

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.

If you'd like to explore a second to die life insurance option OR any other life insurance strategy as part of your estate plan, reach out and connect with us today!

Not exact matches

Another popular option is life insurance on your loan, which will repay your loan if you should die before your loan is paid off.

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.

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.

While New York Life doesn't have first - to - die whole life insurance, they do have an «SPPO» optLife doesn't have first - to - die whole life insurance, they do have an «SPPO» optlife insurance, they do have an «SPPO» option.

Whether you want to invest in a first - to - die joint life insurance policy or you are still exploring your options, a Trusted Choice ® independent insurance agent can help.

Since using a joint last - to - die life insurance policy can accomplish all the estate planning goals listed above, it's safe to say that it is a better option than purchasing two separate individual policies, especially considering the difference in cost.

However, if the child has a longer life expectancy, a permanent policy, such as a second - to - die life insurance policy, may be a better option.

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.

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.

Indexed Universal Life Insurance can provide a good option for those considering second to die policies.

This life insurance plan provides a death benefit if you should die, as well as tax - deferred growth of your account value, growth linked to a formula based on changes in an equity - index, flexible premium options, a variety of riders and waivers, and two death benefit options.

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.

Life insurance is a valuable income replacement option if you die and your family still has a mortgage, college, and other big expenses to worry about.

Others, like New York Life's Spouse's Paid - Up Insurance Purchase Option, offers «the right to purchase a new paid - up life insurance policy on his or her life, without providing evidence of insurability» but only in the case of the policyholder dying fiLife's Spouse's Paid - Up Insurance Purchase Option, offers «the right to purchase a new paid - up life insurance policy on his or her life, without providing evidence of insurability» but only in the case of the policyholder dyiInsurance Purchase Option, offers «the right to purchase a new paid - up life insurance policy on his or her life, without providing evidence of insurability» but only in the case of the policyholder dying filife insurance policy on his or her life, without providing evidence of insurability» but only in the case of the policyholder dyiinsurance policy on his or her life, without providing evidence of insurability» but only in the case of the policyholder dying filife, without providing evidence of insurability» but only in the case of the policyholder dying first.

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.

It's easy to see why — no one wants to think about death, people may find their options confusing, and they think that life insurance is a gamble and they're «wasting money» if they don't die — but for many people it's not the rational decision.

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.

If you would like to use insurance to give your heirs a certain amount when you die, whole life is the most reliable option.

Term life insurance is an affordable option that ensures your income will be replaced if you die pre-maturely.

While term life is usually the better option, if you are unable to qualify for it, a mortgage protection life insurance policy can give your surviving family members peace of mind, knowing that your mortgage will be paid off if you happen to die unexpectedly.

Term life insurance is a less expensive life insurance option and a good choice when you are on a budget because it is temporary and only pays a death benefit to beneficiaries of the policy if the insured dies during the limited term of the policy.

Another option is survivorship or second to die life insurance that is set up between spouses.

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.

It's affordable — accidental life insurance is an affordable option because statistically, you aren't likely to die from an accident.

Two types of life insurance policies that provide the option of cashing in the policy at a later date before you die are universal life and whole life.

Whether you want to invest in a first - to - die joint life insurance policy or you are still exploring your options, a Trusted Choice ® independent insurance agent can help.

It's a great way to help ensure that your children are left with the final gifts that they will need, one of the biggest advantages to second to die life insurance is that it tends to be much more affordable than other options.

This is a great option for those who desire to make their life insurance a forced savings account, with the payout upon the end of the policy or when the insured dies.

For a low - cost life insurance option look into Term Life Insurance or consider first - to - die life insurance policies where you pay for only one policy and the death benefit goes to the first to life insurance option look into Term Life Insurance or consider first - to - die life insurance policies where you pay for only one policy and the death benefit goes to the firsinsurance option look into Term Life Insurance or consider first - to - die life insurance policies where you pay for only one policy and the death benefit goes to the first to Life Insurance or consider first - to - die life insurance policies where you pay for only one policy and the death benefit goes to the firsInsurance or consider first - to - die life insurance policies where you pay for only one policy and the death benefit goes to the first to life insurance policies where you pay for only one policy and the death benefit goes to the firsinsurance policies where you pay for only one policy and the death benefit goes to the first to die.

Choosing a life insurance settlement option for when you die should be approached and considered carefully.

Because whole life insurance policies are complicated and the premiums are high for the amount of death benefit you get, whole life insurance is only the best option for seniors in a few situations, such as when you want to minimize estate taxes for your heirs, or if you want to leave a specific amount of money to someone or a charity no matter how old you are when you die.

If you want to exclude your life insurance policy from your taxable estate when you die, one option is to name your spouse as your beneficiary.

Published: April 26th, 2017 Last updated: March 12th, 2018 Life insurance comes with many different options, and you may have heard about second to die life insuraLife insurance comes with many different options, and you may have heard about second to die life insuralife insurance.

Second - to - die life insurance, also known as survivorship life insurance, is an interesting and affordable policy option you may want to consider for estate planning purposes.

With survivorship universal life insurance policy, your insurance company only pays out when both insureds — like you and your spouse — die, meaning this type of universal life insurance can be more affordable than other options.

If you have questions or own a dying life insurance policy and want to know your options, call or email us directly.

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

Whether a single - person policy or a Second to Die policy, you'll have some options for policy types, meaning you can choose between several variations of permanent life insurance for your ILIT, including standard whole life, universal life, and variable life insurance.

Life insurance comes with many different options, and you may have heard about second to die life insuraLife insurance comes with many different options, and you may have heard about second to die life insuralife insurance.

Finally, when considering your life insurance options, you should have a brief overview of the most common types of life insurance that offer second to die coverage.

If you feel life insurance is a waste of money if you don't die and there is no payout on your policy, then maybe return of premium term insurance is an option for you to consider.

Accelerated Death Benefit Accidental Death and Dismemberment Actuary Annuity Application Beneficiary Cash Value Coverage Death Benefit Endowment Life Insurance Extended Term Life Insurance Option Face Amount Guaranteed Acceptance Life Insurance Health Class Insurance Agent Insurance Broker Life Insurance Life Insurance Policy Medical Exam Mortgage Insurance No Medical Exam Life Insurance Permanent Life Insurance Policy Owner Premium Return of Premium Life Insurance Second to Die Life Insurance Survivorship Life Insurance Term Life Insurance Uninsurable Universal Life Insurance Variable Life Insurance Whole Life Insurance

When the policy owner dies, the life insurance beneficiary has options on how he or she receives the death benefit payout.

Couples are also offered the option of a joint second - to - die whole life insurance policy, which is typically used to leave an inheritance or help dependents to cover estate taxes.

Spouse's Paid - Up Insurance Purchase Option (SPPO): Should you die during your policy, this rider provides your spouse (as long as he / she is the beneficiary of your policy) the right to buy a new paid - up life insurance policy for himself / herself without providing evidence of insuInsurance Purchase Option (SPPO): Should you die during your policy, this rider provides your spouse (as long as he / she is the beneficiary of your policy) the right to buy a new paid - up life insurance policy for himself / herself without providing evidence of insuinsurance policy for himself / herself without providing evidence of insurability.

There is no doubt that life insurance companies take it in the shorts with this option occasionally, but no more occasionally than when they sell a $ 3 million dollar policy to someone who dies a month later in a car wreck or dies of a heart attack.

Such policies accumulate cash value.Another option for people seeking protection from life's unpredictable nature is the survivorship life insurance policy or second to die life insurance.