Sentences with phrase «face amount»
The term "face amount" refers to the initial value or sum of money stated on a financial document, such as a bond or a life insurance policy. It is the amount that will be paid out or repaid when the document reaches its maturity or when an insured event occurs. Full definition
The full underwriting process will be required for all individuals between ages 16 — 85 years of age who are applying for policy face amounts of $ 400,000 or more.
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The company has not actually given a name to its accelerated underwriting program, but the option is available for ages 65 and under for face amount of $ 250,000 and under.
All policies are subject to approval, and policies with face amounts of $ 200,000 and over require underwriting approval before the premium can be collected.
If you want to get more bang for your buck, then you should purchase a higher face amount of life insurance.
It targets ages 45 to 75, with policy face amounts of $ 5,000 — $ 10,000.
This is the best option for healthier clients or for clients who are looking for face amounts in excess of $ 100,000.
The plans do not offer full face amount coverage until the 24th month, some carriers may make you wait up to 36 months.
With these lower face amounts available, these are more like burial insurance policies, rather than income protection type policies.
The minimum face amount on this level plan is $ 2,000.
You can have a high face amount at an affordable premium that will not exceed your budget.
You have a $ 200,000 term policy with a minimum face amount of $ 100,000.
This product was designed to be converted from term coverage or new policies with face amounts as low as $ 50,000.
Individual whole life plans range in face amount from $ 2,000 up to $ 50,000.
If you would like to good idea on how much life insurance you need, please use our life insurance face amount calculator.
Then you can have a high face amount if you need it at a very affordable premium.
They offer no - medical - exam life insurance with face amounts up to $ 250,000.
Once the initial fixed benefit period ends, the policy's face amount decreases, but the premium payment remains the same.
If you live to age 100, the company will pay face amount of the policy to you.
A reason someone may purchase a policy with an increasing face amount is because they expect their income to increase in the future.
If less than 100 % is paid, the life policy continues at the reduced face amount and premiums are adjusted accordingly.
Go ahead and get your quotes, but I'm not getting a warm, fuzzy feeling about a group product with face amounts available from $ 5000 to $ 1 mm.
This guaranteed issue product is available in smaller face amounts for younger people between the ages of 25 and 44.
Most simplified - issue term life policies can be purchased in face amounts ranging from $ 5,000 to $ 100,000 or more.
Term life insurance is very affordable and the ladies can purchase a large face amount at a very affordable premium.
When it matures, you receive the full face amount which equals your initial investment plus accumulated interest compounded over the life of the bond.
This product offers face amounts up to $ 25,000 and is only available for those between the ages of 50 - 80 since this product is a guaranteed issue policy.
On the contrary, your age influences your maximum face amount options.
The good part is if you need a high face amount otherwise known as your death benefit.
The original face amount of the purchase is not guaranteed if the position is sold prior to maturity.
This is in contrast with decreasing term life insurance where the death benefit face amount goes down over the life of the term, while the premium remains level.
Most final expense insurance plans have maximum face amounts between $ 20,000 & $ 30,000.
However, what makes them different is that they have accelerated underwriting option for applications with face amounts under $ 500,000 and with a health rating of standard or better.
The new bond has the same series, same issue date, and same total face amount as the old bond.
• What face amount of coverage do you feel that you may need?
For the no medical exam term life insurance policy, 10, 15, & 20 year terms are available for face amounts starting at $ 50,000 to $ 400,000.
Guaranteed issue policies normally have a two year waiting period before the entire face amount of the policy will be paid to the beneficiary.
That means the policyholder will receive the full face amount upon reaching age 121 — good luck with that!
This is because the originally chosen face amount will not be affordable.
It is hard to imagine such low face amounts when usually the minimum most companies offer now is $ 100,000.
You can access a maximum benefit amount which equals the lesser of 90 % of the total death benefit or the policy face amount less $ 25,000.
You purchase an initial face amount of life insurance at guaranteed level rate.
How much face amount do you have on each policy and is it enough?
Term life insurance provides insurance coverage for a predetermined length of time or a stated face amount.
It has a level premium and level face amount for the duration of the policy.
There is a minimum face amount requirement of $ 100,000.
However, this type of policy still has a level premium and face amount during the entire life of the coverage.
Choosing the best face amount for your specific needs is one of the most important decisions to make.