It is important to sit down and determine how long you will have a need for a million
dollar life insurance policy before you start the quoting or application process.
Not exact matches
For example, assume a male employee, age 40, entered into a split -
dollar agreement with his employer
before January 28, 2002, under which the employer pays all of the premiums, and in 2004 the employer paid a premium of $ 10,000 on a $ 1,000,000
life insurance policy insuring the
life of the employee.
Before you apply for a million
dollar life insurance policy, it's vital that you need this much coverage.
But if the insured dies
before telling the beneficiary where his or her
policy is, the beneficiary may not be able to find it and claim the benefit, and it could join the billions of
dollars in
life insurance benefits that have gone unclaimed.
Because every year can tack
dollars on your
life insurance premium, try to get any new
life insurance policy you're considering
before your next birthday.
As mentioned
before if you're a younger individual who just got a mortgage and have two young kids, you'd wan na protect them by securing let's say a $ 1 million
dollar life insurance policy.
Since each year adds more
dollars to the annual cost of a new
life insurance policy, try to purchase your coverage
before your next birthday.
Before you apply for
life insurance it is important to take note of one key tip that can save you thousands of
dollars on the
life of your
policy.