Sentences with phrase «good return of premium life insurance policy»

As with all types of life insurance, it is important to shop around for a good return of premium life insurance policy.

Not exact matches

Return of premium policies also work well in divorce cases where one or both of the partners are required by the divorce decree to carry life insurance.

A Trusted Choice agent can help you analyze your needs and determine if a term policy, a return of premium policy, or even a permanent life insurance policy is the best option for your situation.

Return of premium life insurance policies are available from many life insurance companies, but is a life insurance policy with the return of premium option a goodReturn of premium life insurance policies are available from many life insurance companies, but is a life insurance policy with the return of premium option a goodreturn of premium option a good idea?

It is a good idea to add up all the premiums of a return of premium life insurance policy and compare them to the premiums for the same amount of term life coverage.

There are other policy options as well, including one for return of premium, as well as a term conversion option that allows the company's term life insurance policy holders with additional flexibility as their policy ages.

Just remember that these figures are based on the assumption that your return of premium policy is only 50 % more — as the difference in price increases, traditional term life insurance becomes a better value.

If premium payments are made well in excess of the cost of insurance early in a variable insurance policies life, the internal returns from the investments should grow the policy value significantly over time.

In the end, if you're going to invest some extra money in your life insurance, a return of premium insurance policy offers a better value than a whole life.

Oftentimes, these plans are marketed to those who believe that term life insurance is the best type of coverage to own, yet don't want to take the chance that they will pay premiums into the plan for years without any type of return should they outlive the term of the policy.

Policy Dividends: With whole life insurance, insurance companies may pay dividends — a return of premium for better - than - expected performance by the insurance company.

This type of life insurance policy has more rigid terms that must be adhered to such as specific policy payment dates, a cash value account which is essentially a return on investment which can be used to pay the premiums, as well as other specifications.

The monthly premium costs are quite a bit higher each month, and while you do build cash in the policy, the rate of return on whole life insurance policies is not good.

It's not all bad news because with most guaranteed accepted life insurance policies, the best final expense and burial insurance companies will generally have a policy whereby: Should the insured die from natural causes during the graded death benefit, most if not all of the paid premiums will be returned to the insured beneficiaries so it will be as though the insured didn't actually lose money by purchasing the policy and dying too soon!

Return of premium life insurance policies can be a great choice for those who are good at paying their recurring bills on time and need life insurance for 20 - 30 years.

Aside from their sponsorship of the Wild Kingdom TV show in the 1960's, United of Omaha is well - known in the insurance industry for their guaranteed universal life insurance policies that offer a return of premium.

Return of premium policies also work well in divorce cases where one or both of the partners are required by the divorce decree to carry life insurance.

A Trusted Choice agent can help you analyze your needs and determine if a term policy, a return of premium policy, or even a permanent life insurance policy is the best option for your situation.

The best types of life insurance for this purpose are term life insurance and return of premium term life insurance policies.

• Accurately processed payroll as well as monitored vacation / benefit accruals independently • Actively managed wage garnishments and processed termination checks • Accepted accountability for the overall teamwork and stood responsible for meeting the deadlines • Assisted HR department with compensation and benefits for payroll related tasks like processing benefits premiums, wage ceilings, long term disability claims, life insurance, group health insurance, fringe benefits, and overtime pay analysis • Assisted internal and external auditing procedures related to payroll by following company standards and policies • Monitored and reviewed complete payroll accounts for verification of accuracy and in case of any discrepancies made appropriate corrections and updates, at the end of every month • Communicated effectively with all staff responding to their requests and inquiries related to payroll information • Correctly made payroll related general ledger journal entries for each record • Created and dispersed payroll vouchers to the company employees every month on the pay day • Created benefit audits and reports for terminated / retired employees • Maintained perfect reconciliations of balance sheet accounts related to the payroll • Executed special research projects regarding payroll management and for detailed analysis of financial facets of payroll • Gave suggestions to the management for the policy and procedure updates and refreshers related to payroll management and its financial aspects • Organized and maintained outstanding payroll checks and lists in coordination with the HR department • Managed contacts and communicated regularly with all the internal and external stakeholders ensuring effective flow of information • Organized files, accounts, ledgers, records, employee books for payroll documents and other related purposes • Prepared SDLs — Salary Distribution Journals and other distribution journals every month for payroll accounts • Processed and prepared corporate payroll using Pay Expert Application, managing all paperwork for the wire transfers and generated return funds • Processed payroll changes for new hires and terminations ensuring accuracy and timeliness of the process • Proficiently used PRG (Millennium) payroll and TMx labor scheduling software applications for effective payroll management • Resolved all issues related to payroll tax payments and reported after every pay run making sure that all filings were accurately represented by the tax service provider • Reconciled tax payments for federal, state and local payroll as well as returns for multiple authorities on monthly basis.