Sentences with phrase «getting certain life insurance policies»

In order to help those who may not qualify for a medically underwritten life insurance policy, as well as to speed up the process of getting certain life insurance policies approved, the Principal came up with a solution.

Not exact matches

If you have certain hereditary illnesses in your family or have concerns for your child's health early on, it's much easier for your child to get a fair price on a life insurance policy when they purchase it before adulthood.

This means another health exam, and of course your age will be a factor in determining the cost of a new insurance policy — even though term life insurance is cheaper than permanent life insurance, you'll naturally pay more for a term policy today than you would have 5, 10, or 20 years ago, and if you're above a certain age you may have trouble getting a term life policy at all.

However, their term policies also have the option to be converted to a universal life insurance policy at certain points, typically when you hit a life milestone (like having a child or getting married) or reach a certain age.

The free look period means that once you own a life insurance policy (meaning — you have applied for, been accepted and paid your first premium), you have a certain number of days from the beginning of the policy to cancel your policy and get all of your money back.

Oftentimes, an insurance agent will get a call from someone who thinks a deceased relative had a life insurance policy, but they are not certain and they don't know how to find the policy.

With a term life insurance policy, you are able to get life coverage that typically comes with lower premium rates, however, it is only for a certain fixed period of time.

This means another health exam, and of course your age will be a factor in determining the cost of a new insurance policy — even though term life insurance is cheaper than permanent life insurance, you'll naturally pay more for a term policy today than you would have 5, 10, or 20 years ago, and if you're above a certain age you may have trouble getting a term life policy at all.

While some applicants who purchase life insurance are in excellent health, there are others who may have certain adverse health conditions that could preclude them from getting a policy, or from paying favorable premium rates.

The heart of the issue is the fact that life insurance sometimes requires a physical exam from the applicant to get certain kinds of policies, and those with less - than - perfect health may spend more money on a policy.

A life insurance policy surrender may trigger certain tax consequences that you'll need to know to avoid getting into trouble with the IRS.

Basically, you paid a high premium up front in a lump sum and got a certain amount of guaranteed life insurance — it was kind of like a whole life policy that only had to be paid for once.

[x] A form of federal income taxation wherein a person who holds a life insurance policy gets taxed periodically on certain parts of the cash value accumulation of his policy.

Hi, I wanted to know if I pay certain amt for life insurance policy per month do I get it back when it matures.

However, their term policies also have the option to be converted to a universal life insurance policy at certain points, typically when you hit a life milestone (like having a child or getting married) or reach a certain age.

No one knows your financial situation like you do so you must also decide if you are aiming to get whole life insurance or term insurance, in other words if you wish to take out a policy that will last for the rest of your life or for a certain number of years.

I know that if I live to be 99, I will have paid a certain amount to the insurance company for a death benefit of AT LEAST a certain amount, and I know that I will not have paid more in than I get out (I am dealing with my dad's whole life insurance policies that he has where he would have to pay more for the premium to keep the policy going than the death benefit is worth [he would end up paying $ 250K in premiums for a $ 175K death benefit if he lived long enough]-RRB-.

There are life insurance companies that perform so well that when you get to a certain point your policy has accumulated so much value that you can request to have the policy fully paid up at that point.

If the policyholder decides to terminate or surrender the policy within this timeframe, the benefits he got under the tax saving insurance plan will be reversed.Tax deduction on your life insurance policy is based on certain qualifications.

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If you decide to spend a certain amount of money on life insurance you will get considerable more death benefit if you buy a term policy.

So if you don't have any life insurance right now, and you're certain that you will be able to get your cholesterol under control, why not take out a 10 year term life insurance policy now, and then just re-apply for a longer term policy in a year when you will qualify for a lower rate?

This is a more flexible life insurance policy plan that allows you to get the type of coverage you need for a certain amount of time.