Sentences with phrase «expense policy face amount»

Even if they died in an accident during this time, they would be paid the full final expense policy face amount of $ 15,000.

Not exact matches

For example, if you are in a car crash and lose your sight in one eye due to a head injury, an AD&D policy would pay out a portion of your policy's face amount to help you pay for medical expenses or simply to help you get back on your feet.

If they can't afford the cost of healthcare, housing or long term care, make sure those expenses are calculated into the total face amount of your life insurance policy.

Making a list of your month to month expenses will help you to determine how much your policy face amount (death benefit) should be.

If you are interested in a policy with a lower face amount to take care of debts and costs associated with dying, there is a very high chance you can qualify for a simplified - issue final expense policy with underwriting.

Also, the face amount of coverage on a final expense life insurance policy is typically lower than that of a traditional life insurance policy.

While ordinary Permanent Life insurance is typically purchased in much larger benefit amounts (i.e. six - figures or more), a Final Expense policy tends to be issued in face amounts of $ 2,000 to $ 50,000 (these amounts vary, depending on the insurer).

Final Expense Insurance / Burial Insurance policies tend to have face values of $ 2,000 to $ 40,000 (amounts vary, depending on the insurer).

The face amount on the Rapid Decision Final Expense life insurance policy begins at $ 5,000 and it may go up to $ 35,000 — and the amount of both the coverage and the premium are guaranteed to remain the same throughout the life of the policy.

Only through a final expense policy can you get a face amount of $ 1,000 - $ 5,000.

Buying term and invest the difference means you will use an amount equivalent to what it will cost to purchase a permanent life insurance plan, and then compare this to the expense of a term policy for a similar face amount covering the time period it is required.

Because the face amount of coverage on a final expense policy is quite low, this can also help with keeping the amount of the premium down in an affordable range.

These policies will typically have a face amount of coverage that is between $ 5,000 and $ 25,000 — so in many cases, an insured may also have additional funds in the policy that can be used for paying off other debts, uninsured medical expenses, and other ends of life costs.

Whole life policies with small face amounts are usually referred to as final expense or burial life insurance policies, as the sole focus is paying for the funeral and funeral related costs.

Final expense policies typically provide face amounts of between $ 1,000 and $ 50,000.

To help prepare for life's unexpected expenses, the Farmers Graded Benefit Whole Life is a life insurance policy for those who want permanent insurance coverage with guaranteed cash values and guaranteed level premiums with a lower face amount.

Policy face amounts will usually range from $ 5,000 to $ 30,000 depending on the anticipated funeral costs and other expenses that need to be accounted for.

Remember, a final expense policy will provide the full face amount of the policy at any time (if there is no two - year waiting period) to ensure your burial costs are paid for.

Louisiana life insurance pays your family (or whomever the beneficiary is on the policy) a given amount, called the «face value», to cover burial costs, any medical bills and to pay for the family's living expenses and / or lost income from the death of the insured on the policy.

Many other forms of life insurance can reach face amount values into the millions of dollars; final expense insurance policies rarely go above $ 30,000.

To help prepare for life's unexpected expenses, Graded Benefit Whole Life is a life insurance policy for those who want permanent insurance coverage with guaranteed cash values and guaranteed level premiums with a lower face amount.

In most cases, the face amount on a final expense life insurance policy will range between $ 5,000 and $ 50,000 — although there are some carriers that will offer plans with higher face amounts.

You may know that your house will be paid off in 5 years, and you can drop a significant amount of insurance coverage at that point, but you want to lock in a policy now while you are healthy that will also last for a long time, you may want to get one short term term policy to cover the mortgage payment, and one longer term policy that will last until retirement or beyond to provide for living expenses (don't forget that reducing face «mortgage life insurance» policies also can be purchased from most insurers).

Accelerated Death Benefit: In case you become terminally ill, you can advance up to 55 % of the base policy face amount to help you pay for your treatment / living expenses during your end days.

Typically, final expense and burial insurance companies will offer policies with face amounts ranging from $ 5,000 - $ 30,000, depending on the carrier.

This process may involve reviewing your medical records, having bloodwork and a urinalysis done at the insurance company's expense and, depending on the face amount of the policy and your age, getting an electrocardiogram and stress test, also at the company's expense.

When I sold my first final expense (burial) life insurance policy nearly 30 years ago, it had a face amount or death benefit of $ 7000.

The face amount — or amount of the policy's death benefit — can be established by adding up the estimated amount of final expenses, along with any other debt obligations that will need to be paid.

Final expense insurance, also known as burial insurance or funeral insurance, is typically a small cash value whole life insurance policy with a face amount from as low as $ 1,000, all the way up to $ 100,000.