Sentences with phrase «entire death benefit of the life insurance policy»
The key employee is able to name the beneficiary of the entire death benefit of the life insurance policy.
https://www.keypersoninsurance.com/ Not exact matches
This company offers OPTerm life insurance policies, which provide a level amount of death benefit throughout the entire term, or time frame, of the policy.
In most cases, term life insurance will maintain a set amount of death benefit throughout the entire time of the policy.
Plus, if you go with a level term life insurance policy, the amount of the policy's death benefit, and its premium cost can remain the same throughout the entire duration of the policy.
You will then have life insurance coverage for a particular period of time, and you get to preserve the entire death benefit of the policy.
With a level term life insurance policy, the amount of the death benefit will remain the same over the entire lifetime of the policy.
Since a senior life insurance policy is a form of whole life insurance, you'll get many of the same benefits of a whole life policy: the policy lasts your entire life and builds cash value tax - free, you can borrow against that cash value for any reason and the death benefit is paid out tax - free to your beneficiaries.
In level term life insurance for seniors, the death benefit and the premium both remain the same for the entire period of the term policy.
Permanent policies like whole life insurance build cash value over your entire life out of the premiums you pay, but the death benefit phases out so that by the time you reach your golden years the policy will only pay out what you've paid in, plus some interest.
With level premium funding, the life insurer collects premiums in excess of the one year cost of life insurance and then guarantees a death benefit coverage for a period of 10, 15, 20 or even 30 years, as long as you continue paying the premiums due for the entire length of the policy term.
Permanent life insurance provides death benefit protection for the entire life of the insured — as long as the premiums are paid and the policyholder does not cancel the policy.
The key benefits of securing a permanent life insurance policy are that it ensures life insurance protection for the entire life of the insured, and it also provides a death benefit to the beneficiary regardless of the age of the policy.
The key benefits of securing a permanent life insurance policy is that it ensures life insurance protection for the entire life of the insured, and it also provides a death benefit to the beneficiary regardless of the age of the policy.Permanent life insurance will provide financial security for your family / dependent / other beneficiary during your lifetime and after your death.