Sentences with phrase «face amount of insurance»

First, you will want to be sure that you have enough face amount of insurance protection.

Applicants between ages 50 and 75 can not be declined coverage for any medical conditions, and face amounts of insurance start at $ 2,000.

In fact, depending on the insured's age at issue, the cost of a 20 year policy can be double the cost of a 10 year policy assuming the same face amount of insurance.

Insurance doesn't automatically write a check for the face amount of your insurance policy.»

There are a handful of companies that offer such policies and there are limits on the face amount of insurance that can be purchased from each one.

The face amount of the insurance and the premium remain constant.

The death benefit in the IUL equals the face amount of the insurance policy plus the growth of the funds in the cash account.

There are a handful of companies that offer such policies and there are limits on the face amount of insurance that can be purchased from each one.

However, if possible, if the loan is not paid back before death, the insurance company will reduce the face amount of the insurance policy when the death benefit is paid.

Term to Age 100 - Although the name of this plan implies temporary protection this plan provides a level amount of permanent life insurance to age 100 of the life insured, at which time the face amount of insurance is paid.

Fifteen Pay Term to Age 100 - This plan provides a level amount of permanent life insurance to age 100 of the life insured, at which time the face amount of insurance is paid.

Twenty Pay Term to Age 100 - This plan provides a level amount of permanent life insurance to age 100 of the life insured, at which time the face amount of insurance is paid.

OK... you pay your premiums and the contract says that if the insured is still alive at age 100 (new policies today say age 120/121), the policy matures or endows, and a check equal to the face amount of insurance is paid to the owner of the policy (presumably the insured) because it's all inside the balloon by then.

As for having paid more in premiums than the face amount of insurance, that has nothing to do with cash value.

Accidental Death Benefit (Life Insurance): Provision under a life insurance policy for payment of an additional amount — usually equal to the face amount of insurance — if the insured is killed in an accident.

In 1984 a new federal tax law required that for permanent insurance to enjoy preferred tax treatment it must provide coverage up to at least age 95, limit the amount of premium that may be paid in relation to the face amount of coverage and establish a minimum ratio between cash value and face amount of insurance.

«If the loan is not paid back before death, the insurance company will reduce the face amount of the insurance policy when the claim is paid,» says Ted Bernstein, CEO, Life Insurance Concepts, Inc., a life insurance consulting and auditing firm in Boca Raton, Fla..

It is often called double indemnity clause because it frequently compensates twice the face amount of the insurance.

When the face amount of the insurance is more important than a long term 9.

I'm often asked when a policy is declined or highly rated, if it would make a difference if we lowered the face amount of the insurance.

ACCIDENTAL DEATH BENEFIT: Provision for payment of an additional amount — usually equal to the face amount of insurance — if the insured is killed in an accident.