Sentences with phrase «for life insurance portion»

So then, why even pay for the life insurance portion of the whole life policy?

Simply put, the exam for life insurance portion of the application process is used to determine if you have any health conditions that could affect your rate class (kind of like a health exam for life insurance).

Not exact matches

Anyone holding a leverage life insurance annuity, or a 10/8 arrangements (another leverage insurance product) will now be subject to accrual - based taxation and no deduction will be allowed for any portion of the insurance premium paid on the policy.

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

Breslin touted an autism law he helped pass mandating insurance companies cover the illness more comprehensively at an earlier age, legislation where higher portions of health insurance premiums pay for actual health care and a life insurance law he said reformed the industry.

When a premium is paid, a portion pays for annual renewable term insurance based on the life of the insured.

When you pay your insurance premium for a permanent life insurance policy, the money is generally allocated in three portions:

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

When you are still working, your employer pays for a portion of your monthly health care premiums, life insurance, and other benefits.

In the example of the term premium, the premium is only paying for insurance, while with the whole life premium, a portion of the premium is going to cash value.

The loss of use portion of your homeowners insurance (coverage D) reimburses you for the cost of additional living expenses when your home... Read More

For life insurance policies that pay death benefits in the form of a lifetime payout, the portion of the payout that is not subject to tax if the policy has no refund provision or stated time period guarantee which is determined by dividing the amount of the death benefit by the life expectancy of the beneficiary.

ILIT for estate tax planning with an ILIT, the life insurance policy can grow within the trust and outside of our trustmaker's estate, thereby limiting federal estate tax exposure AND a portion of the life insurance policy death benefit can be used to cover estate taxes.

The insurance portion of your policy is generally available in two basic formats; level for life, or increasing every year..

Borrowers who fail either the capacity or willingness tests will have a portion of the reverse mortgage set aside to pay for taxes and insurance on the home for the life of the loan.

For example, in the last 1860s, after some reorganizing, the casualty portion of the company was eliminated so that there could be more of a focus placed on the life insurance side.

Simplified issue and guaranteed issue life insurance are options for people who might not be able to benefit from the paramedical exam portion of the application process.

The life insurance companies also offer solutions such as chronic illness riders AND long term care riders, which allow a portion of the policy death benefit to be used for long term care costs while also preserving a portion of the death benefit coverage.

Variable insurance is different from whole life and universal life because the company is obligated to provide you with a prospectus that breaks down all the costs for your policy, including the fees and the expenses for the «sub-account,» which is the portion allocated for investment.

Premiums are often much higher than a term life insurance policy with the same amount of coverage because you're paying for an insurance policy as well as putting money into the cash value portion of the policy.

Many life insurance policies leave some portion of benefits for the policyholder's children.

For example, if you only need to carry a high level of life insurance for 10 years, yet you want to carry life insurance for your whole life, they may suggest taking a 10 year term for the portion of money you think you need for that limited time, and a smaller value in a whole life poliFor example, if you only need to carry a high level of life insurance for 10 years, yet you want to carry life insurance for your whole life, they may suggest taking a 10 year term for the portion of money you think you need for that limited time, and a smaller value in a whole life polifor 10 years, yet you want to carry life insurance for your whole life, they may suggest taking a 10 year term for the portion of money you think you need for that limited time, and a smaller value in a whole life polifor your whole life, they may suggest taking a 10 year term for the portion of money you think you need for that limited time, and a smaller value in a whole life polifor the portion of money you think you need for that limited time, and a smaller value in a whole life polifor that limited time, and a smaller value in a whole life policy.

The good news is, some companies will credit you for a portion of the premiums you paid into your term life insurance policy and carry it over when you decide to convert to assist the cash value accumulation.

Universal life insurance will also be more expensive than term life because of the investment portion of your payments for this kind of policy.

The Accelerated Living Benefit Rider provides for a single lump sum payment of an accelerated life insurance benefit using a portion of your life insurance certificate's death benefit.

Thus, a whole life insurance policy leverages a portion of your financial resources for the sole purposes of providing a legacy to your beneficiaries, while still maintaining control of your assets.

When you pay your insurance premium for a permanent life insurance policy, the money is generally allocated in three portions:

For instance, even if you already have life insurance coverage that is in force, if you do not have a portion of the coverage that is intended to pay for your funeral costs, then it could be beneficial to also purchase a final expense insurance plFor instance, even if you already have life insurance coverage that is in force, if you do not have a portion of the coverage that is intended to pay for your funeral costs, then it could be beneficial to also purchase a final expense insurance plfor your funeral costs, then it could be beneficial to also purchase a final expense insurance plan.

Did you know... You can sell all or a portion of your life insurance policy for an amount greater than the cash surrender value?

Whole life is a very rigid form of permanent life insurance where you have few or no options in managing death benefits, premiums you pay, or the cash value accumulation portion as you are locked in for as long as you own the policy.

A $ 100,000 life insurance policy will take care of funeral expenses and a good portion of the mortgage payments, but it won't go very far in paying for college.

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.

This review of Symetra life insurance products and company information is our own, and should only represent a small portion of your full search for a policy.

They are available for people who live at the poverty level or below it by paying a portion of the premiums that come with a traditional health insurance plan.

Your agent should be able to walk you through each portion of your life insurance, helping you understand it's function and why you're paying for it.

I had to take Family Medical Leave from my job and used the «terminally life ending» up front portion of his life insurance money for us to make our financial ends meet that afforded him to be able to go out of state for his cancer treatments and I was able to be with him during these three months and then at the end I was able to be at home with him for two months in Hospice Care.

Variable universal life insurance allocates a portion of the premium payments into the insurer's variable separate account to offer the potential for even greater cash value accumulation.

Premiums are often much higher than a term life insurance policy with the same amount of coverage because you're paying for an insurance policy as well as putting money into the cash value portion of the policy.

The HIPAA (Health Insurance Portability and Accountability Act of 1996) document authorizes us to obtain information about you that is needed for the underwriting portion of your life insurance appInsurance Portability and Accountability Act of 1996) document authorizes us to obtain information about you that is needed for the underwriting portion of your life insurance appinsurance application.

With an ADB rider, you can generally get a portion of the death benefit of your life insurance policy to help offset costs associated with a chronic illness or terminal medical condition, and costs for long - term care.

Simplified issue and guaranteed issue life insurance are options for people who might not be able to benefit from the paramedical exam portion of the application process.

Guaranty associations are typically funded by a portion of the collective insurers» profits, and membership in a guaranty association is mandatory for life insurance companies.

Cash value is a crucial selling point for whole life insurance: It's an account within your policy that builds up over time, tax - deferred, fueled by a portion of your premiums and interest paid by the insurance company.

If purchasing a permanent life insurance policy, the savings in the cash value portion of the policy can also be used for funding future goals such as college savings.

The IRS will not let you include any premium or portion of your premium paid by your employer, nor can you include any premiums for life insurance policies, any part of your car insurance (even for medical expenses) or others.

A significant portion of seniors over 75 are retired and have adequate life insurance coverage for their current life circumstances.

When you pay your premiums for your policy you are putting part of it towards life insurance, but then another part of what you are paying goes into the investment portion.

If you are married or have a significant other, and your spouse or partner will lose a substantial portion of your pension or other income when you pass away, it is absolutely essential that you have life insurance in order to replace this lost income for him or her.

Supplemental riders available with the term life insurance policy include: waiver of premium rider — premium payments may be waived if insured becomes totally disabled; children's level term insurance rider — Provides term coverage for children; and the accelerated benefit rider — You can receive a portion of the death benefit if you develop a terminal illness.

For example, let's say you have a heart attack, the life insurance company will «accelerate» a portion of your death benefit for you to use as you pleaFor example, let's say you have a heart attack, the life insurance company will «accelerate» a portion of your death benefit for you to use as you pleafor you to use as you please.