Sentences with phrase «guaranteed death benefit coverage»

Some universal life insurance product designs focus on providing both death benefit coverage and building cash value while others focus on providing guaranteed death benefit coverage.

These policies can offer guaranteed death benefit coverage — including a lifetime option.

This particular plan offers the flexibility in selecting the length of the guaranteed death benefits coverage — up to lifetime coverage.

With level premium funding, the insurer collects premiums in excess of the one year cost of insurance and then guarantees death benefit coverage for 10, 20, even 30 years as long as you continue paying premiums for the entire length of the term.

With level premium funding, the life insurer collects premiums in excess of the one year cost of life insurance and then guarantees a death benefit coverage for a period of 10, 15, 20 or even 30 years, as long as you continue paying the premiums due for the entire length of the policy term.

Not exact matches

While Old Age Security and the Guaranteed Income Supplement were designed to provide a basic minimum amount to Canadian seniors, the new Canada and Quebec Pension Plans were contributory social insurance programs established to provide basic death, survivor and disability benefits as well as retirement coverage.

However, if you want enough coverage to send a child to college or pay off a mortgage, guaranteed acceptance insurance won't provide a large enough death benefit.

«That way, we can offer them guaranteed death benefit, guaranteed cash value and guaranteed long term care coverage.»

A Guaranteed Acceptance policy can only be purchased between the ages of 50 to 85, and the policy's death benefit is limited for the first 2 years of coverage.

You receive more guaranteed coverage early on when your need is possibly greater and you maintain a proportional death benefit guarantee in later years when your focus likely changes to other priorities, including leaving a legacy.

As long as your premium payments are made as agreed, your insurance coverage lasts throughout your life, and the death benefit is a guaranteed amount.

They guarantee your premiums are never going to go up, and they also promise you won't ever lose the death benefit coverage.

Mutual of Omaha offers convertible term life insurance which allows you to have a large guaranteed death benefit for a lower initial cost than permanent coverage.

Asset based LTC insurance coverage provides a guaranteed death benefit, long - term care coverage, cash value accumulation and potential return of premium.

Whereas a term life policy offers a death benefit for a specific number of years (such as 10, 15 or 20 year term), guaranteed universal life offers death benefit coverage up to a certain age such as 90, 100 or even 121.

Those applicants that are turned down for traditional term life insurance can still get coverage in a majority of cases with a guaranteed death benefit policy.

As with whole and universal life insurance coverage, this policy includes a guaranteed death benefit and cash accumulation.

Lincoln Financial's term life policies offer a guaranteed tax - free death benefit, making them an ideal choice for those looking for coverage over a stated time.

Jeremy Hallett, founder of online insurance marketplace Quotacy, said in an interview that premiums are typically 10 times higher for whole life policies than they are for term life policies with the same death benefit because permanent insurance provides coverage for life with guaranteed level premiums.

Permanent Life provides lifetime coverage with a guaranteed death benefit.

Universal life insurance is permanent coverage that offers flexible premiums, guaranteed death benefit, and cash value growth.

This type of coverage provides guaranteed death benefit protection, along with a fixed rate of interest on the cash value component of the plan.

The Silver Guard l plan offers a guaranteed level amount of death benefit, which means that from the date of policy issue, the amount of the life insurance coverage will never decrease.

These are permanent coverage plans, where the death benefit is guaranteed and the premiums never change for as long as you live or keep the policy.

Because acceptance is guaranteed, death from natural causes during the first two years of coverage pays just a portion of the benefit amount.

Our payment of a Graded Death Benefit for the first two (2) years of coverage enables Gerber Life to guarantee acceptance of all applicants ages 50 to 80.

If your diabetes isn't controlled, you may have to look at a guaranteed issue life insurance policy which often comes with much higher premiums for your coverage with a lower total death benefit.

• Allows policyholder to lock in a guaranteed death benefit for specific time required for coverage • Provides a guaranteed tax free death benefit for beneficiaries • Provides a vehicle to pass along wealth to children or grandchildren • May be used to cover estate taxes, fees and outstanding medical bills • May be set up as a charitable trust • May be used for cash value accumulation • Ideal for a Buy / Sell Agreement • Provides a policy which is both flexible and affordable

With the guaranteed acceptance coverage through Colonial Penn, if the insured dies within the first two years of coverage, then the amount of the death benefit paid out to the beneficiary will be reduced.

Of course it follows that Universal policies cost much more than term because they provide lifetime coverage, death benefits and guaranteed cash value accumulation.

Affordable index universal life insurance coverage with built - in, no - cost living benefits, cash accumulation, and a guaranteed death benefit up to age 100.

With this coverage, policyholders are allowed to select the coverage amount, how long they want to pay premiums and the duration of the death benefit guarantee.

Life insurance coverage with a guaranteed death benefit for a specific period of time.

Due to the flexibility of variable life, however, this type of policy can allow policy holders to obtain a much higher rate of return on invested funds, while at the same time getting the protection of a guaranteed amount of death benefit coverage.

For instance, for an American, there may be term insurance, permanent insurance, whole life, universal life, long term care insurance, accidental death, critical illness insurance, disability insurance, variable products, graded and modified, guaranteed premiums, living benefits, return of premium, policies for 5,10,20,30, or for life coverage — all very confusing to a potential customer.

As long as your premium payments are made as agreed, your insurance coverage lasts throughout your life, and the death benefit is a guaranteed amount.

Term life insurance gives you the most coverage for your money, whereas whole life insurance builds up cash value and provides a guaranteed death benefit, no matter when you pass away.

With level term life insurance, the insurance company agrees to provide guaranteed coverage (death benefit) at a fixed price (guaranteed premium) for a certain period of time (level term).

Final expense life insurance provides more coverage than guaranteed issue; while guaranteed issue usually caps out at around a $ 10,000 death benefit, you can typically get up to $ 25,000 with final expense insurance.

Permanent Life provides lifetime coverage with a guaranteed death benefit.

So, if a policyholder had purchased a Colony Term universal life 10 policy, and then they decided five years after purchasing it that they wanted to have coverage for the remainder of their lifetime, then the coverage extension feature would have allowed the insured to extend the death benefit protection guarantee to either age 90, age 100, or 105 — and, this could occur without the need for the insured to provide evidence of insurability.

AIG's guaranteed acceptance life insurance offers coverage for seniors between the ages of 50 and 85, with death benefits ranging from $ 5,000 to $ 25,000.

It is important to distinguish between this no lapse guarantee and the actual death benefit coverage.

However, if you want enough coverage to send a child to college or pay off a mortgage, guaranteed acceptance insurance won't provide a large enough death benefit.

All guaranteed acceptance policies have a small maximum death benefit and waiting period, making Gerber's coverage fairly standard.

During this time, the amount of the death benefit coverage, as well as the amount of the premium, are guaranteed never to change.

Whole life insurance is a type of permanent life insurance coverage that provides a guaranteed death benefit along with guaranteed ** cash values.

The life insurance company agrees to provide guaranteed coverage (death benefit) at a fixed price (guaranteed premium) for a certain period of time (level term).

This type of coverage provides guaranteed death benefit protection, along with a fixed rate of interest on the cash value component of the plan.

Under these circumstances, the insurer may offer a guarantee of death benefit coverage regardless of the cash value in the policy provided that you pay a set minimum premium payment.