Sentences with phrase «during the life of your policy because»

The best part is, this is the only time you'll have to go through the underwriting process during the life of your policy because your premium will be locked in after your first application.

Not exact matches

This is important because the cost of a life insurance policy is correlated to the number of years it lasts, since you're more likely to pass away during the period of coverage.

This means that the insurance company only had to pay out $ 300,000 at the time of your death, because you had accumulated $ 200,000 in cash value during the life of the policy.

Cash value life insurance is more applicable to wealth building discussions because cash value is typically used during the policy owner's lifetime and is forfeited upon death in lieu of the death benefit being paid to surviving beneficiaries.

During the Atari 7800's life cycle, Atari found themselves struggling to get developers to create 7800 versions of then - popular arcade titles because of a controversial policy employed by Nintendo.

Because term life insurance only pays out if the policyholder's death occurs during the term of their coverage period, policy premiums are generally lower than whole life insurance.

This means that the life insurance policy purchased to fund the death portion of the buy - sell agreement can not be transferred to the disabled owner or dropped until the end of the installment period, because the death benefit will be needed to complete the transaction in the event of death during the buyout period.

Finding life insurance policies for seniors can be a challenge because of the health problems many people have during these years making them more high risk.

Term life insurance is a less expensive life insurance option and a good choice when you are on a budget because it is temporary and only pays a death benefit to beneficiaries of the policy if the insured dies during the limited term of the policy.

That it's not all bad news when it comes to the graded death benefit policies because in most cases, if an insured dies from «natural» causes during the graded death benefit period, most guaranteed life insurance policies (or at least the ones we offer here at TermLife2Go) will have some «reimbursement program» whereby the insured's beneficiary will receive back some if not all of the premium payments that the insured paid plus some type of additional interest earns as well.

It's not all bad news because with most guaranteed accepted life insurance policies, the best final expense and burial insurance companies will generally have a policy whereby: Should the insured die from natural causes during the graded death benefit, most if not all of the paid premiums will be returned to the insured beneficiaries so it will be as though the insured didn't actually lose money by purchasing the policy and dying too soon!

Term life insurance is cheap because it only pays out if death occurs during that period of time covered by the duration of the policy term.

Using a variable universal life policy as a way to make a lot of money is generally futile unless the policy is paid for in one lump sum during a period of essentially bottomed - out markets, because that would create enough cash value in the account to make sizable investments for the long term.