Sentences with phrase «face value policy for»

Transamerica also offers low face value policies for those looking to cover final expenses.

We routinely replace expensive mortgage protection policies sold by IMO's as we can often provide better pricing or higher face value policies for less money.

Not exact matches

He also faced criticism for policies that seemed to value bank profitability over helping struggling homeowners.

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).

Wenger's words yesterday can't be taken at face value at all, as we've been told about how there is money available for seasons and seasons now, and little has changed in terms of the transfer policy.

Researchers said that it's time for international policies to recognize the value of wilderness areas and to address the unprecedented threats they face.

Payment for the face value of the insurance policy or death benefits, which your beneficiary or beneficiaries will receive after you pass away

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.

If you've insured your life for $ 500,000, this is the face value of your policy — the amount that goes to your beneficiary when you die.

On average, a 20 - year level term policy with $ 500,000 face value would cost $ 277 per year for a 30 - year old male in great health.

With a life settlement, you agree to sell your policy to a third party for an amount greater than the surrender value but less than the face amount.

So, for example, if you purchased enough coverage to cover one child's education and later decide to have a second child, you can adjust the face value of your policy to reflect the increased costs.

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).

Whole life requires the policy owner to pay a fixed monthly premium for the rest of their life, and upon death, the company will payout the face value of the policy (death benefit) to the beneficiary.

But if you are paying $ 5 per week for a burial policy with a face value of $ 10,000, the annual cost of that premium would actually be $ 260.

«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.

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.

With Level Death Benefits the insured is eligible for the full death benefit or face value the same day the policy goes into force.

Beyond that, it works like a standard term policy: you apply for a policy of a certain face value and term, and the policy is in force until the term expires (or you stop paying your premiums).

You may be able to borrow funds from the cash value or surrender your policy for its face value, if necessary.

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

It may allow you to receive more money than if you cancelled or surrendered the policy for its cash value, but less than the face value — or death benefit — of the 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.

Here the new premiums are 800k for policies with a face value or less than 10m.

If the policy's face value is less than $ 1,500, then it won't count as an asset for Medicaid eligibility purposes.

The issue for me was that a cryosphere scientist was taking meaningless statistics at face value, though was taking a stand in a public disagreement superficially about a BBC programme, but in reality a broader debate about policy.

Imagine a legal business model for the franchisee where there are NO existing solicitors firms already at «the coal face» with potential conflict where uniform brand, values, quality, outdated fee structures and legacy systems, policies and governance would be an issue.

If an applicant dies before his or her policy matures, the company will take a loss on the policy, so those who are applying for policies with higher face values will be more likely to have their health scrutinized more closely.

Should you die while the policy is in force, your beneficiaries will receive not only your the initial face value as a death benefit, but also it's common for dividends to buy additional insurance by way of what are called «paid up additions», so the death benefit could actually be higher than the face value at the purchase of the policy.

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

When you are trying to figure out what you will receive in terms of face value for the policy, the face value is the amount of the death benefit provided.

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.

Then there are several other events that can alter the face value of the policy, for example if the cash value increases so much that the face value must also increase.

For policies with a face - value of $ 50,000 or less, you may not be required to take a medical exam.

However, Universal Life is more flexible than whole life, allowing the premium and face amount to change.This can be advantageous if you have either limited funds and you can not make a large premium payment or you have excess funds and you want to store up some additional cash value in your policy for a «rainy day».

With Level Death Benefits the insured is eligible for the full death benefit or face value the same day the policy goes into force.

In this case, we structured the policy for max - cash dump in, and minimum face value, with the goal of getting the policy costs as low as possible.

No medical exam policies often have lower face values, but can be purchased for larger amounts, such as $ 250,000 to $ 500,000.

With this in mind let's look over a few important considerations you will need when calculating the face value of a policy for someone over 85.

If you were to apply for a traditional life plan, you would inherently be paying much more because the face value of the policy would be much higher than what you need.

Level benefit means once the policy has been issued, the insured's beneficiaries are eligible for the full face value immediately after death of the insured occurs with no reduction in the face amount otherwise known as the death benefit.

Payment for the face value of the insurance policy or death benefits, which your beneficiary or beneficiaries will receive after you pass away

Endow For a whole life insurance policy, the point when the policy's guaranteed cash value equals the policy's face amount.

Most variable life policies guarantee a minimum face value (i.e. minimum death benefit payout), but a guaranteed minimum for cash value returns is unlikely.

Hence sign up for a co-insurance policy to know how and what exactly replaces the face value of a structure built or any of your prized possession.

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.

The latter are referred to as «graded» policies because the company will require you to pay premiums for 2 or 3 years before they will pay the full face value.

Most people never look at their policies beyond knowing their premium and face value, but many polices even provide an early payment option if you should, as a senior, need a long term care plan for a chronic or terminal illness.