Sentences with phrase «die life insurance policies in»

Many people buy second - to - die life insurance policies in order to ensure their estate transfers to their beneficiaries intact.

Not exact matches

In those cases, a term life insurance policy can cover that debt should you die before it's zeroed out, she said.

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?

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

AD&D insurance is similar to a life insurance policy in that both offer a death benefit, but your beneficiary wouldn't receive a payout if you died due to an illness.

In basic terms, mortgage life insurance pays off your mortgage balance if you die while the policy is in effecIn basic terms, mortgage life insurance pays off your mortgage balance if you die while the policy is in effecin effect.

Basically, someone with a terminal disease would sell his or her life insurance policy at a discount so they could have money to pay medical bills and what not and then when that individual died, the buyer would cash in the full amount of the policy.

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.

Dying while the policy is in force is the one sure way to get money back on term life insurance.

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.

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.

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

«And since kids will be in the picture soon, I think they should buy a $ 1 million joint - to - die 20 - year term life insurance policy.

Like term life insurance, whole life insurance policies pay a death benefit if you die while your policy is in force.

AD&D insurance is similar to a life insurance policy in that both offer a death benefit, but your beneficiary wouldn't receive a payout if you died due to an illness.

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.

Basically, the death benefit is how much the life insurance policy pays to your beneficiary, untaxed and in a single lump sum, should you die.

I know of a situation where a life insurance policy lists two people... one as Primary (check boxed) and one as secondary (checked boxed) but in the «primary» column it has 50 % and 50 % on the line by both person's names and mentions somewhere that if the Primary dies then the secondary would get 100 %.

In addition, some life insurance policies will help cover unpaid medical bills if a child dies.

If you die while your term life insurance policy is in place, your beneficiaries will receive the policy's benefits.

If the person covered by the life insurance policy dies within that term, the beneficiary (in this case, their parent) will receive a death benefit.

Joint life insurance policies can either be first - to - die or second - to - die in structure.

A Life Insurance with Single - premium benefits is a type in which the premium is paid in lump sum to the policy to which in return death benefits are promised to be paid until the policyholder die.

In most cases, life insurance policies are purchased to replace lost income and pay for funeral and memorial expenses if you or your spouse dies.

However, if you don't have your own savings or enough cash to make mortgage payments until you can sell the house — or if you and your child live in the home you've purchased together — it might make sense to buy a life insurance policy for your child to cover the remainder of the mortgage should they die.

As with all life insurance coverage, if you die while the policy is in force your beneficiary receives a death benefit payout.

Back in the day, any form of flying was considered extremely hazardous and most life insurance companies would either force the applicant to pay an exorbitant amount or they would add an aviation exclusion clause to the policy, in other words, if you died as the result of a plane crash, your beneficiaries wouldn't receive the death benefit.

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 insurancIn 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 insurancin life, particularly if you chose limited pay life insurance.

While having the lowest out - of - pocket outlay of any type of individual life insurance policy, in order to reap a benefit from the policy, the insured must die while the policy is in force.

Life insurance pays your beneficiaries a substantial cash benefit should you die during the term of the policy — essentially protecting them against the risk that you might die prematurely, placing them in financial jeopardy.

For example, if you are the primary wage earner in your home, and you were to die, a term life insurance policy would provide the cushion that would protect your family.

Mortgage Life Insurance A type of term life insurance In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance proceLife Insurance A type of term life insurance In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance Insurance A type of term life insurance In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance procelife insurance In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance insurance In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance proceedIn the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance proceedin force, the debt is automatically paid by insurance insurance proceeds.

Basically, someone with a terminal disease would sell his or her life insurance policy at a discount so they could have money to pay medical bills and what not and then when that individual died, the buyer would cash in the full amount of the policy.

if «X» included his wife in joint life term insurance (eg.bajaj allianz offering inclusion of wife) then wife of «X» died during pregnancy due to some jaundice or any other disease (in policy tenure of his husband), will «X» get sum assured amount?

The mortgage lender will have no involvement in a mortgage life insurance policy whatsoever, apart from the obvious fact that the loan will be paid in full when you die.

Mortgage Life Insurance — an insurance policy specifically issued to pay off mortgage debt in the event the policy holInsurance — an insurance policy specifically issued to pay off mortgage debt in the event the policy holinsurance policy specifically issued to pay off mortgage debt in the event the policy holder dies.

In fact, a joint last - to - die permanent life insurance policy is designed for this specific use case.

You can find joint life insurance policies in many shapes and sizes, but they are typically broken down into two categories: first - to - die life insurance and second - to - die life insurance.

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.

With a term life insurance policy, your named beneficiaries receive a payment if your policy is still in force when you die.

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.

Traditionally with term life insurance, your beneficiaries receive a death benefit if you die while your policy is in force.

And here's the bottom line: all life insurance policies promise to pay an agreed - upon sum of money should you die while your policy is in - force (that is, while you're paying your premiums on time and while you're still operating within the terms of your contract).

That expiration date is one of the reasons term is the most affordable type of life insurance: You're more likely to die the older you get, so if an insurance company doesn't have to cover you while you're in your 70s and 80s — when you're more likely to pass away — it can offer cheaper policies.

If you were to die during the first few years of the policy, most life insurance companies will generally issue a refund of your premiums to your beneficiaries in lieu of the actual death benefit.

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.

Like any life insurance policy, it pays out a death benefit to an appointed beneficiary when you die as long as the policy is in force.

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.

With a second to die life insurance policy the family can choose to split up the family estate in such a way as to ensure the children are all equally compensated as heirs, but yet given significantly different assets based on their interests and strengths.

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.