Sentences with phrase «existing life insurance policy for»

A life settlement is typically the sale of an existing life insurance policy for more than its cash surrender value (if there is one) but less than its net death benefit.

A life settlement is the result of selling your existing life insurance policy for more than its cash surrender value, but less than its net death benefit.

Exchanging an existing life insurance policy for a Life + LTC policy can resolve this concern.

The IRS lets you exchange an existing life insurance policy for a new one that includes LTC benefits.

Not exact matches

If you work for a company that does not offer a qualified retirement plan (or does not offer a life insurance option in an existing plan) or if you have already contributed the maximum amount to your qualified retirement plan, a cash value insurance policy can offer some of the tax benefits of a qualified retirement plan.

Life insurance policy is something that is incredibly vital for every human being existing — be it at birth or when they are well into their lLife insurance policy is something that is incredibly vital for every human being existing — be it at birth or when they are well into their lifelife.

Generally, for tax and asset protection purposes, it is better strategy to have the ILIT purchase the life insurance rather than transferring an existing policy to it.

If you have a temporary need for additional life insurance above the current face value of your existing policy and want an affordable way to have coverage, considering a term rider might be a solution for you.

Your need for a life insurance rider may also depend on how much life insurance protection exists in the policy you have, and what gaps in coverage remain.

Let's start planning now Do you have any existing life insurance policies & Health insurance cover for you / your family?

In the US, we have a concept called an Irrevocable Life Insurance Trust; that is one possibility for you, if the UK has the same concept - this is a trust that specifically exists to be the beneficiary (and, technically, owner) of the life insurance polLife Insurance Trust; that is one possibility for you, if the UK has the same concept - this is a trust that specifically exists to be the beneficiary (and, technically, owner) of the life insurancInsurance Trust; that is one possibility for you, if the UK has the same concept - this is a trust that specifically exists to be the beneficiary (and, technically, owner) of the life insurance pollife insuranceinsurance policy.

Another option is to exchange your existing permanent life insurance policy for either a new life insurance policy or another type of insurance product.

For questions about life insurance and selling an existing policy, contact a local Trusted Choice ® agent.

The selling policyowner receives an upfront cash payment in exchange for transferring ownership of the life insurance policy — typically more than any existing cash value but less than the policy's full death benefit — and the investor as the new owner then continues to make the ongoing / annual premium payments.

A tax - free method of exchanging an existing life insurance policy or annuity contract for a new one.

A mature secondary market for existing life insurance policies to be bought and sold can greatly benefit the consumer in each of these common cases.

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:

However, with the cost for new purchases of permanent life insurance products rapidly increasing, fewer customers will be interested in cancelling their existing policy in favor of alternatives.

However, once that term is up, it will have to be replaced with another policy if your need for life insurance still exists.

Important: DO NOT CANCEL any existing coverage until the new term life insurance policy has been approved, paid for, and delivered to you.

Burial insurance policies with companies like American National burial insurance company, also known as funeral insurance plans, exist to help those seeking comprehensive life insurance coverage for their final wishes.

7) Flexible options do exist for guaranteed acceptance life insurance policies.

Here, a policy holder can convert their existing level term life insurance policy for a permanent policy at his or her attained age — regardless of their health condition.

If you are looking for a permanent life insurance policy where you are guaranteed to never give the insurance company premiums that are equal to or less than the total death benefit, that does not exist.

A term life policy can also be added as a rider to an existing permanent insurance policy, for extra temporary coverage.

Since all U.S. life insurance companies require that you quit smoking for a full year before you can get non smoker ratings, we recommend you take out a policy to cover your needs now, and then if you can quit for 12 consecutive months, you can either apply for a new policy, or apply for a health class reconsideration with your existing insurance company.

Attaching a term life policy to an existing whole life product can specifically allow for it to pay the capital gains tax on the permanent insurance at benefit payout.

This type of policy is used either as a supplement to an existing life insurance policy, or for someone who otherwise can not get life insurance due to a pre-existing medical condition.

Term life and Whole life insurance policies are pretty straightforward and the policy exists in one format for the life of the policy.

A viatical settlement is the sale of a policy owner's existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.

Available only to existing American Family policyholders, the policy targets younger and first - time life insurance customers looking for a lower - cost policy.

SimplyProtected Term: Available only to existing American Family policyholders, the policy targets younger and first - time life insurance customers looking for a lower - cost policy.

Your financial resources consist of any existing insurance policies, business and personal assets, pensions and annuities, and business income after subtracting your debts for outstanding mortgages, loans, living expenses and personal obligations to families and friends.

For questions about life insurance and selling an existing policy, contact a local Trusted Choice ® agent.

We do lots of policy reviews for people with existing life insurance policies.

They can also impact how well your existing life insurance policy is working for you.

The owner can convert an existing policy into a permanent life insurance policy we offer, and we will always offer at least one permanent product for conversion.

If you have a temporary need for additional life insurance above the current face value of your existing policy and want an affordable way to have coverage, considering a term rider might be a solution for you.

The module asks you questions about your net worth, your income, your living situation, your existing insurance policies, and your tolerance for risk.

Similar to mortgages, you can apply for a new life insurance policy even if you have an existing one.

Even though a term policy might have been the right choice when you were starting a family and had a hefty mortgage to pay off, what about later in life when expenses are lower, premiums are higher, but the need for insurance still exists?

Even if you have a current policy, you may want to refinance your existing policy as you may be overpaying for your current Life Insurance.

With some policies, the possibility of a future increase in life insurance cost exists, but generally, the cost you pay is consistent throughout the period of time that you will be paying for the insurance plan.

Which is why, while we do often sell accidental death insurance, we reserve it for those who can not qualify for a traditional life insurance policy or simply wish to use an accidental death policy or rider to supplement their existing life insurance coverage.

A viatical or a life settlement is the transfer or sale of an existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit.

Your need for a life insurance rider may also depend on how much life insurance protection exists in the policy you have, and what gaps in coverage remain.

If you have a temporary need for additional life insurance above the current face value of your existing policy and want an affordable way to have coverage, considering a term life insurance rider might be an excellent solution for you.

For questions about your existing life insurance policy with CUNA Mutual Life Insurance Company, you would want to contact them directly at 1-800-238-5life insurance policy with CUNA Mutual Life Insurance Company, you would want to contact them directly at 1-800-insurance policy with CUNA Mutual Life Insurance Company, you would want to contact them directly at 1-800-238-5Life Insurance Company, you would want to contact them directly at 1-800-Insurance Company, you would want to contact them directly at 1-800-238-5851.

2 Million Dollar Life Insurance Rates and Options — A $ 2,000,000 life insurance policy may sound like a lot, but it does exist for a reaLife Insurance Rates and Options — A $ 2,000,000 life insurance policy may sound like a lot, but it does exist for Insurance Rates and Options — A $ 2,000,000 life insurance policy may sound like a lot, but it does exist for a realife insurance policy may sound like a lot, but it does exist for insurance policy may sound like a lot, but it does exist for a reason.

For over 40 years, AAA Life Insurance Company has been providing insurance protection for its customers, and currently has over a million existing policies in plaFor over 40 years, AAA Life Insurance Company has been providing insurance protection for its customers, and currently has over a million existing policies Insurance Company has been providing insurance protection for its customers, and currently has over a million existing policies insurance protection for its customers, and currently has over a million existing policies in plafor its customers, and currently has over a million existing policies in place.