Sentences with phrase «die policy instead»

If your surviving spouse will not have enough income to pay your insurance premiums, you may want to consider less coverage, or a first to die policy instead.

Not exact matches

However, depending on the cost, you may do better financially to save and invest the difference (plus the money would be available to you at any time and to your family should you die during the term, instead of locked up in the policy).

The conspiracy theorist living inside my brain says we can expect to see more of this type of «journalism», followed by calls on the school officials to DO SOMETHING because IT IS FOR THE CHILDREN»S SAFETY and IF WE LET THE PARENTS SEND LUNCHES TO SCHOOL THEN CHILDREN WILL DIE!!!!!!!! (note the many, many exclamation points — that means this is a REALLY IMPORTANT POINT Y ’ ALL), followed by local school officials implementing policies to BAN CHILDREN FROM EATING FOOD BROUGHT IN FROM «OUTSIDE» and mandate that they eat, instead, the lunch provided by the school.

Instead, the plan is to potentially house several individuals as an insurance policy against extinction until Mexico implements more stringent measures to protect the animal from dying in nets.

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, some policies state that if the policyholder does not die as a result of the accident and instead loses a limb, he / she will only receive a 50 % benefit payout, while losing two or more limbs would result in a full benefit payment.

As you can see, joint last - to - die is much less expensive than two individual policies, since it only pays once instead of twice.

However, instead of paying the benefits of your policy to your beneficiary when you die, the money goes directly to the funeral service provider of your choosing.

In addition to higher premiums, insurance companies that issue guaranteed life policies protect themselves against risk in two additional ways: (1) by offering relatively low payouts, and (2) by typically not providing a death benefit during the first two years after issuing the policy (if the policyholder dies during this time, the company issues a refund of premiums instead).

This means that if you happen to die during the first two years that instead of you beneficiaries getting the full amount of the policy they will receive only premiums that were paid plus a little bit of interest.

However, depending on the cost, you may do better financially to save and invest the difference (plus the money would be available to you at any time and to your family should you die during the term, instead of locked up in the policy).

Or, they could choose to pump up their donation even more, and instead of selecting separate policies, choose one second - to - die policy, which offers the best value possible, since it only pays the death benefit upon the second death.

Graded benefits clauses state that if the policyholder dies within two to three years of buying the policy, the company will refund the premiums paid, plus interest, instead of paying out the death benefit.

Instead, you just pay your premiums for the life of your policy, and if you don't die, the policy ends at the end of your term.

However, regular life insurance policies are usually better for older individuals, as they are more likely to die as a result of health problems or natural causes, instead of accidents.