Sentences with phrase «face value policy so»

It is important to understand underwriting requirements and medical requirements before applying for a high face value policy so that you are prepared for the process.

Not exact matches

In the case that you pass, the policy beneficiaries should file a claim with the insurer, after which point the circumstances of your death will be reviewed and receive the payout (also called a death benefit or the face value of the policy) so long as everything is in order.

In the case that you pass, the policy beneficiaries should file a claim with the insurer, after which point the circumstances of your death will be reviewed and receive the payout (also called a death benefit or the face value of the policy) so long as everything is in order.

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.

So, if you had a $ 500,000 death benefit and your insurer capped the amount you could accelerate at «the lesser of $ 250,000 or 75 % of the policy's face value», you could request up to $ 250,000 while still living.

The payment flexibility you have available with a North American Universal Life policy varies depending on the face amount and its cash value, so you should talk to an insurance agent to understand exactly how flexible your policy can be.

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

That the CCC could conceive of wasting so much cash supporting the renewable energy sector's excess and on rescuing green policies from their inevitable, and predicted failure is hard to understand from a face - value reading of the empirical facts.

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.

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.

That's because most policies are either not renewable after age 85 or are so expensive that your annual premium can be 50 % or more of the entire face value of the policy.

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

The payment flexibility you have available with a North American Universal Life policy varies depending on the face amount and its cash value, so you should talk to an insurance agent to understand exactly how flexible your policy can be.

So, if you had a $ 500,000 death benefit and your insurer capped the amount you could accelerate at «the lesser of $ 250,000 or 75 % of the policy's face value», you could request up to $ 250,000 while still living.

The policy's benefit, or face value, will typically be tied to your outstanding balance, so it decreases over time as you pay off the loan.

My policy has a death benefit that actually increases by more than my cash value over the years so if i die my beneficiaries get the original face amount PLUS the cash value and then some!

Later, if you decide you would like to increase the face value of the policy, you can do so, but you will need to take the medical exam again.