Sentences with phrase «face value of the life insurance policy»

Remember that the entire face value of a life insurance policy can pay out to your beneficiaries, generally tax - free.

The insured will have a choice to expand the face value of his life insurance policy.

The benefit of the rider is typically paid as a percentage of the face value of the life insurance policy.

The accidental death or double indemnity rider pays the beneficiaries twice the face value of a life insurance policy in the event the insured dies as the result of an accident.

Should anything happen to you in that period, your family will receive the face value of the life insurance policy as a benefit.

Many life insurance companies allow a one - time decrease in the face value of the life insurance policy.

This is the face value of the life insurance policy that is to be paid out to your beneficaries in the event of your death and the total amount paid out (less any loans against the policy) is usually in a nontaxable lump sum payment.

If the face value of your life insurance policy is more than $ 1,500 to $ 2,500, depending on the state, then your cash value will count toward your assets.

The face value of life insurance policies must not exceed human life value of the insured, otherwise the indemnity principle would be violated, creating moral hazard.

Not exact matches

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

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

While key employee life insurance is usually purchased for high - earners, you should note that the face value of the policy is often limited to a multiple of the insured's income, such as 10X.

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

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Level Term Insurance: A type of term life insurance policy where the face value remains the same throughout the period specified in the insurancInsurance: A type of term life insurance policy where the face value remains the same throughout the period specified in the insurancinsurance policy where the face value remains the same throughout the period specified in the insuranceinsurance policy.

«Say you buy a permanent life insurance policy on a child for [a face value of] $ 50,000,» said Kevin M. Lynch, an assistant professor of insurance at The American College of Financial Services, giving a hypothetical example of how such a provision would work.

According to the book, which I actually read many years ago, Dryden started the company by selling burial policies with a face value of $ 100 to working class families who couldn't otherwise afford life insurance.

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 death benefit can also be defined as the face value or face amount of a life insurance policy.

Not only would your beneficiary receive the death benefits, or «face value» of the life insurance policy, but you are also accumulating a «living» benefit — the cash value that accumulates in the saving / investment component of your policy.

In many of these cases, a term life insurance policy is often the most inexpensive choice and the full face value of the policy pays out on the policy holder's death.

Although the face value (death benefit) is typically smaller than that of a traditional life insurance policy, so are the premiums.

Collateral assignment secures a loan in case of the borrower's death, using the face value of the policy (rather than accrued equity, as is the case with whole life insurance).

Upon the policyholder's death, usually the insurer pays the face value of the death benefits for whole life insurance policies.

You may have group life insurance through work, but the face value of employer - based policies is generally low — typically one or two times your annual salary.

Disadvantages: If you decide not to repay the loan, it will drop the face and cash value of your life insurance policy.

Remember, if you decide that selling a life insurance policy is a good idea for you, the influx of cash you will receive is only a fraction of the face value of the policy and the amount that your beneficiaries would receive upon your death.

As your child grows into an adult, this rider allows you to buy additional life insurance above the face value of the current policy (on specific dates and in certain increments) regardless of his / her health status at the time.

Life Insurance Gifts There are several ways to donate life insurance: • You may contribute the face value of the polLife Insurance Gifts There are several ways to donate life insurance: • You may contribute the face value of thInsurance Gifts There are several ways to donate life insurance: • You may contribute the face value of the pollife insurance: • You may contribute the face value of thinsurance: • You may contribute the face value of the policy.

Unlike traditional mortgage life insurance whose value decreases as you pay down your mortgage balance, term life insurance plans pay the full original face value of your policy to your beneficiary.

Unlike traditional mortgage life insurance whose value decreases as you pay down your mortgage balance, the CoverMe Term Life plan pays the full original face value of your policy to your beneficilife insurance whose value decreases as you pay down your mortgage balance, the CoverMe Term Life plan pays the full original face value of your policy to your beneficiLife plan pays the full original face value of your policy to your beneficiary.

As an example of this concept in action, consider a whole life insurance policy issued for a face value of $ 100,000.

A life settlement is the sale of an existing life insurance policy to an institutional investor at a price higher than the current cash surrender value, but lower than the face amount of the policy.

Generally these can be taken under one of three possible non-forfeiture options: (1) surrender for full cash value; (2) use of the cash value to purchase reduced paid - up life insurance; and (3) use of the cash value to purchase extended term insurance in the full face amount of the original policy for as long as the cash value will pay net premiums.

The life insurance cash value is the amount of money you are given if you cancel (surrender) the policy before you die, while the face amount (death benefit) is the amount your beneficiaries will be paid upon your death.

A potential client called recently asking if he could purchase a guaranteed universal life insurance policy with $ 100,000 face value at the age of 75.

Like all Life Insurance, Term Life Insurance companies will pay the face value of your policy tax - free to your designated beneficiary (or beneficiaries) in the event of your untimely death.

All permanent life insurance policies provide a cash value feature that grows tax - deferred, but the cash value is different than the death benefit, or face value of the policy.

There are 38 million life insurance policies owned by American seniors over the age of 65, which have a collective face value of more than $ 3 trillion.

Another condition of guaranteed issue life insurance is the lower face values life insurance companies offer on these policies.

Offering a customizable term policy and guaranteed issue whole life policy, AIG American General continues to rank very high in most affordable term life insurance providers and offers one of the highest policy face values with a medical exam in the industry.

A portion of your premium payment goes to pay for the actual whole life insurance coverage that is an amount equal to the face value of the policy.

American National continues to rank very high as most affordable term life insurance providers and offers one of the highest policy face values without a medical exam in the industry.

Quotes on 10 year, 15 year, 20 year, 30 year term life insurance, return of premium term life insurance, and universal life insurance, for men in their fifties (Ages 50, 51, 52, 53, 54, 55, 56, 57, 58, & 59), showing premiums for face values of $ 100,000, $ 200,000, $ 300,000 & $ 400,000 policies.

This is to ensure that people don't purchase a life insurance policy, and then commit suicide just to their family now has the face value of the insurance policy.

Knowing the rule - of - thumb and the average face value of a new policy, do you and your family, have enough life insurance?

Face Value (also referred to as Face Amount) is the amount indicated in a Life Insurance policy which will be paid out to the beneficiaries in the event of the insured's death.

Quotes on 10 year, 15 year, 20 year, 30 year term life insurance, return of premium, and universal life insurance, for men in their sixties (Ages 60, 61, 62, 63, 64, 65, 66, 67, 68, & 69), showing premiums for face values of $ 100,000, $ 200,000, $ 300,000 & $ 400,000 policies.

If your income increases, you may need to review the face value (the amount paid to beneficiaries at the policyholder's death) of your life insurance policy.

Net Amount of Insurance at Risk The difference between a life insurance policy's total face amount and the policy's caInsurance at Risk The difference between a life insurance policy's total face amount and the policy's cainsurance policy's total face amount and the policy's cash value.