Sentences with phrase «die life insurance policy gives»

A joint life, or first / second to die life insurance policy gives couples an entirely different way to provide death benefits to their heirs.

Not exact matches

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?

While it is something you buy hoping to never collect on, one of few disadvantages of term life insurance is that you can only get a return on your investment if you die, unlike whole life which gives a return at the end of the policy regardless if the party is living or deceased.

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.

As examples, an heir is given money in a will by someone who has died; a person who is named to receive the moneys from a life insurance policy.

The life insurance cash value is the amount of money you are given if you cancel (surrender) the policy before you die, while the face amount (death benefit) is the amount your beneficiaries will be paid upon your death.

The face value of an endowment policy will be given to the policyholder on the «maturity date» or to the beneficiary of the life insurance policy in the event the insured dies.

Endowment insurance policies guarantee that a sum of money will be given to you or your beneficiaries whether you live until the insurance policy matures or you die early.

Life insurance is a financial protection policy for your family that gives them a tax - free cash payment if you die while the policy is in effect.

With a viatical settlement, a viatical settlement company buys your life insurance policy, gives you a percentage of the death benefit upfront, and then pays all the remaining premiums to become the sole beneficiary of your policy — receiving the full benefit when you die.

Of course, many of us also buy insurance for medical care and life insurance policies that give our loved ones some financial comfort when we die.

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.

The main feature of a life insurance policy is the «death benefit,» or the amount of money your insurance company will give your beneficiaries when you die.

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.

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

An accidental death clause is a stipulation in a life insurance policy that doubles or triples the death benefit to be given to a beneficiary in the event the policyholder dies due to unintentional or unforeseen causes.

Universal Life Insurance Policies work by giving death benefits when one dies.

If your loan term ends before you die, you can pay off the loan and will still own your policy; or you can give up your life insurance policy and your loan balance is dismissed, you won't owe it back.

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?

If you die before your loan or term life insurance policy is completed, your policy is used to pay back the loan, and the remaining balance is given to your beneficiaries.