Sentences with phrase «equal your life insurance»

Add these numbers up, take into account how long they need to be covered for (for instance, if you have a 30 - year mortgage, you probably want your policy to last at least that long), and that will equal your life insurance need.

This bonus is the amount equal the life insurance premium as well as the tax liabilities.

Not exact matches

The current place has appreciated $ 300K in 5 years, allowing me not only to live for free, but making an extra $ 56K if I sold today, including mortgage payments, insurance, property taxes, sales commission, improvements, and not even counting the interest deduction, which is equal annually to my property taxes.

Whole life insurance policies are usually structured to mature when you turn 100 years old, at which point the cash value should equal the death benefit.

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

A portion of your premium pays for life insurance coverage equal to the face value of the policy.

A commonly shared rule of thumb for determining your life insurance needs is to purchase a policy with a death benefit equal to 5 to 10 times your annual income.

The day there's a death certificate issued, or a life insurance payment made, or a funeral service held for a fetus is the day that a fetus is equal to a born human.

King Arthur Flour provides basic Life Insurance and Accidental Death and Dismemberment (AD&D) Coverage equal to two times an employee - owners annual salary, up to a maximum of $ 200,000, for no cost to eligible employee - owners.

When it comes to insurance no two states are created equal, and this means the savings you'll see from increasing your home insurance deductible will depend on where you live.

Not all life insurance policies are created equal.

Under universal life insurance option B, the policy proceeds increase over time and are equal to the cash value plus the death benefit.

Some people wonder why they even need renters insurance when they live in an upscale community of equals.

A commonly shared rule of thumb for determining your life insurance needs is to purchase a policy with a death benefit equal to 5 to 10 times your annual income.

A portion of your premium pays for life insurance coverage equal to the face value of the policy.

The one upside to credit life insurance is that the death benefit is equal to the loan amount.

In the event of multiple Accidental deaths per account arising from any one Accident, the Company's liability for all such Losses will be subject to a maximum limit of insurance equal to two times the Benefit Amount for loss of life.

Not all permanent life insurance is created equal, so choosing the right life insurance company from the start is very important if you plan on converting your policy down the road to any worthwhile permanent coverage.

Interest Sensitive Whole LifeSM is a guaranteed fixed premium permanent life insurance policy with a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100.

At time of issue you need to pay the insurance carrier an amount equal to the difference in price between the term policy and what the premium payments would have been had you bought a whole life policy in the first place.

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

A synthetic «sale» of an annuity can be accomplished by borrowing an amount equal to the value of the annuity and buying a life insurance policy.

Also, you will be charged an annual Mortgage Insurance Premium («MIP») that equals 1.25 percent of the mortgage balance over the life of the loan.

Whole Life Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death beneLife Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the deathInsurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benelife insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the deathinsurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benefit.

Universal life insurance structured under Option B is designed so that proceeds of the policy rise in value over time and equal the death benefit plus the cash value.

The face value does not always equal the death benefit, particularly when you are dealing with permanent coverage, such as whole life insurance, that has accompanying riders such as PUA riders and term riders and also has life insurance dividends that can increase the death benefit.

We both have life insurance policies with our employers — mine is about equal to what this policy would pay and my husband's is less, although he plans to either fully retire or semi-retire in 2018.

Everything else being equal, the main reasons to purchase permanent insurance are: (1) if you have a dependent, such as a special - needs child or handicapped loved one, who relies almost solely on your income to live and who will need to rely on it after your death in perpetuity, or (2) if you have few, if any, other assets and don't actively plan on having any that could be used to cover the cost of your funeral, to pay off any outstanding debts, or to provide some inheritance to your family.

If the consumer credit transaction is scheduled to be repaid in substantially equal installments which include a portion of the amount financed, the amount of credit life insurance at any time shall not exceed the greater of the approximate unpaid balance of the debt, excluding unearned finance charges, if any, or the approximate unpaid scheduled balance of the debt, excluding unearned finance charges, if any, plus the amount of one scheduled payment.

As a general rule of thumb, most financial professionals advise taking out life insurance coverage equal to five to 10 times your annual salary.

* Amount must be equal to or a lesser amount of the current RMG Mortgages mortgage application and your last mortgage insurance must have been approved and provided by Sun Life Assurance Company of Canada.

Dave recommends term life insurance instead, with coverage that equals 10 — 12 times your income.

Typically, life insurance companies will allow a stay - at - home parent to have coverage equal to that of the breadwinning spouse.

With term life, there is death benefit protection only, with no cash value build up — and because of that, term life insurance can frequently cost less than a comparable permanent life insurance policy (all other factors being equal).

If you want to access the cash accumulation — and, more importantly, don't want life insurance anymore — you can surrender your insurance policy and receive money equal to the cash surrender value.

As a result, to many people ignorant of the concept, infinite banking equals whole life insurance.

A Gift of Life Insurance: If you have an existing policy that you no longer need, here are are three typical ways that you can convert that forgotten asset into a legacy for equal justice:

22 The right under sections 1 and 3 to equal treatment with respect to services and to contract on equal terms, without discrimination because of age, sex, marital status, family status or disability, is not infringed where a contract of automobile, life, accident or sickness or disability insurance or a contract of group insurance between an insurer and an association or person other than an employer, or a life annuity, differentiates or makes a distinction, exclusion or preference on reasonable and bona fide grounds because of age, sex, marital status, family status or disability.

With this product the business buys a life insurance policy, equal to the agreed upon purchase price, on the life of each of the partners with the other partner listed as beneficiary.

This rider offers an accidental death benefit that is equal to the policy's face amount — and pays out in addition to the whole life insurance benefit if the insured dies as the result of a covered accident.

The cash value accumulation generally does not equal the amount of death benefits and premiums are more expensive than other equivalent standard life insurance policies.

Term life insurance will always have a cheaper monthly price than whole life insurance (assuming the death benefit is equal).

Truth: Unless you can honestly say your gains are equal to or more than your losses, meaning you have the same number of assets as you will spend / need upon death, you will need some sort of life insurance coverage.

Because there aren't a lot of «bells and whistles» on term life insurance coverage, the premium cost for these policies will typically be less than that of a comparable permanent life insurance policy — with all other factors being equal.

Whole Life Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death beneLife Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the deathInsurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benelife insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the deathinsurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benefit.

Life insurance protection comes in many forms, and not all policies are created equal, as you will soon discover.

With term life insurance, insureds can essentially obtain the most amount of coverage for the lowest initial premium price (with all other factors being equal)-- particularly those who are young and in good health at the time of policy application.

In addition, the life insurance policy purchased needs to be big enough to offer the surviving spouse and equal or greater income, once annuitized.

In this type, the insurance company agrees to pay a death benefit payout equal to the policy amount throughout the policyholder's life.

You also need a permanent life insurance plan, where the death benefit would be enough to supply a future income to the surviving spouse, for as long as she lives, which is equal or greater than what she may have received from the join and survivor benefit plan.