Sentences with phrase «high face value policies»

If the purpose of the insurance is to pay off a business loan in the event of the untimely death of the principal, or to provide for any other temporary need, a 20 or 30 year term would be very low cost for high face value policies.

We routinely replace expensive mortgage protection policies sold by IMO's as we can often provide better pricing or higher face value policies for less money.

We routinely replace expensive mortgage protection policies with better priced or higher face value policies.

We routinely replace expensive mortgage protection policies sold by others with better priced or higher face value policies.

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

Like other UL policies, an IUL policy offers a high degree of flexibility and customization and accumulates tax - free value above and beyond its initial face amount.

While key employee life insurance is usually purchased for high - earners, you should note that the face value of the policy is often limited to a multiple of the insured's income, such as 10X.

Under either option, a higher death benefit may apply if the value in the Policy Account reaches a certain level relative to the Face Amount.

Term life coverage means that the face value of your policy will be paid to your beneficiary if you die within the term period and not afterward — unless the term policy is renewed upon its expiration, which almost always means higher premiums.

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.

A life settlement is the sale of an existing life insurance policy to an institutional investor at a price higher than the current cash surrender value, but lower than the face amount of the policy.

If you were to apply for a traditional life plan, you would inherently be paying much more because the face value of the policy would be much higher than what you need.

Offering a customizable term policy and guaranteed issue whole life policy, AIG American General continues to rank very high in most affordable term life insurance providers and offers one of the highest policy face values with a medical exam in the industry.

American National continues to rank very high as most affordable term life insurance providers and offers one of the highest policy face values without a medical exam in the industry.

Also, if pass away, your beneficiaries are still paid the policy's face value — just like a standard term life insurance policy — but with the ROP rider your have paid higher premiums for the same death benefit.

It has the cheapest initial premium of any policy and begins with a high face value.

This insurance category has no cash value, but can have a significantly higher face value for lower premiums than an equivalent permanent life insurance policy.

If you purchase a variable life insurance policy with a $ 250,000 face value, your death benefit could be lower or higher based on how the investments your policy is tied to perform over time.

The policy can be declined or rated (increasing the premium amount to compensate for the higher risk), and the amount of the premium will be proportional to the face value of the policy.

Meaning, even if you paid all of your premiums Because of the high face value of a million dollar life insurance policy, insurers may require you to have lab work done and may even require an ECG.

But when combined with the high premiums involved with the policies, you're doing little more than paying your own face value and self - insuring your investments.

Like other UL policies, an IUL policy offers a high degree of flexibility and customization and accumulates tax - free value above and beyond its initial face amount.

The older you are, the more health issues you have, or the higher the face value of your policy, the more likely you are to be subject to a medical exam.

If you still want life insurance coverage, you may be able to use life settlement funds to purchase a single premium life insurance policy that has a higher face value than the reduced paid up figure!

Term life coverage means that the face value of your policy will be paid to your beneficiary if you die within the term period and not afterward — unless the term policy is renewed upon its expiration, which almost always means higher premiums.

Customers have the option of working with a Mutual of Omaha salesperson to obtain a traditional whole life policy with better coverage options and higher face values.

-- Same face valued should be written for permanent life policies, but with higher premium than term insurance.

For this reason, the amount of premium charged for a whole life policy will be higher than the premium charged for a term life policy with the same face value..

, that, in the near future, my policy will lapse with no death benefit for my wife and / or that I will have to pay a VERY high annual premium (unspecifried) in order to have an unspecified face value.

Young people just starting out tend to view the high face value of their term policy as a guaranteed lottery win for their spouse, while those looking to scale back spending in retirement may view a term premium as money down a rat hole.

Many companies allow existing policyowners to exchange their existing low loan rate policies for new adjustable loan rate policies with favorable terms or conditions such as enhanced cash value schedules, higher face amounts, a higher dividend classification, and lower than normal upfront exchange fees.

With a few good choices on how the premiums are invested, a variable life policy has the potential to generate a much higher payout than the actual face value of the policy.

The face value of the policy can not be lower than the amount purchased, but it can be higher if there is a cash value in the account after you die.