Sentences with phrase «die policy sold»

The most common type of second - to - die policy sold is universal life.

Not exact matches

An ROP policy can protect your loved ones and ensure they wouldn't need to sell the home if you died prematurely.

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.

I am an insurance professional looking for a true «first to die» life insurance policy and can't find a company that sells one.

For the past 30 years, second - to - die life insurance policies have been sold to people for tax savings and flexibility.

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.

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.

Rather than selling your policy, some insurance companies allow you to collect a portion of your death benefit before you die.

You sell your policy to a company, which then collects the death benefit when you die.

This coverage is very important to your loved ones when you die, and if you can't afford an expensive policy you were sold by a commission - hungry life insurance agent, it will do your family no good after it is canceled.

This is an arrangement in which you sell your policy to an investor who will pay the premiums while you are alive and collect the death benefit when you die.

A viatical settlement occurs when a person who is chronically or terminally ill sells his or her whole or universal life insurance policy to a third party that maintains the premium payments and receives the death benefit when the insured dies.

Owning a second to die policy can help prevent your children from having to sell off assets, including a family business or real estate in order to pay estate taxes.

If your business partner dies, a life insurance policy can guarantee that cash will be available to fulfill the terms of your buy - sell agreement.

That means that, before a company sells a life insurance policy, they need to know the likelihood of an applicant dying over the life of the policy so they can price the premiums accordingly.

An example of an insurance product being sold by some company is a type of variable life insurance policy that allows the insured person to claim the insurance amount coverage at a fixed time in the future in the event that the person does not die in the stipulated time.

Death benefit policies in the $ 20,000 range are sold as «whole life» or «final expense» policies to help the family with expenses when a loved one dies.

An ROP policy can protect your loved ones and ensure they wouldn't need to sell the home if you died prematurely.

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

The benefits of permanent life insurance are that you will not have to worry about your coverage ever running out, you will be accumulating a rather impressive «cash value» that you can access even before you die, and the policy itself is treated as a financial asset that can potentially be sold later in life.

If the person whose life is insured dies, the life insurance company would be out $ 998,725 plus whatever the insurer paid to sell and underwrite the life insurance policy.

For the past 30 years, second - to - die life insurance policies have been sold to people for tax savings and flexibility.

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.