Sentences with phrase «higher face amount policy»

Oftentimes, an applicant could be required to undergo a medical examination — especially for high face amount policies.

Some companies offer lower rates for higher face amounts policies than other companies and this should be taken into consideration.

The big advantage of these high face amount policies are in the use of the cost saving life insurance rate bands.

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.

The owner has the option to keep the policy at higher premiums, or in some cases, at a lower face amount.

It's usually worth shopping around and sometimes paying a slightly higher premium for a policy that allows you to reduce the face amount of coverage, if desired, as well as to convert all or a part to a permanent policy through at least age 65.

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.

The face amount of this coverage is not typically high, with proceeds usually ranging between $ 5,000 and $ 50,000 per policy.

The face amount of a standard burial insurance policy will usually be in the range of $ 5,000 to $ 25,000 — although some insurance carriers will offer these types of policies with a higher amount of coverage.

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.

You could outlive your policy when you still need the coverage.The good part is if you need a high face amount otherwise known as your death benefit.

If you are interested in a policy with a lower face amount to take care of debts and costs associated with dying, there is a very high chance you can qualify for a simplified - issue final expense policy with underwriting.

A smart move is to have a Term policy with a high face amount for the most financially volatile years.

These policies usually go up to $ 25,000, although the face amount available can be higher if you do not have any serious health issues.

However, premiums for guaranteed issue policies are higher and the face amounts tend to be lower.

The face amount of coverage on a burial insurance policy will typically run between $ 5,000 and $ 100,000 — although there are some life insurance companies that offers much higher amounts of protection.

Larger policies with higher face amounts usually require a medical exam, and if you're in great health you may save some money by voluntarily taking an exam.

Companies specializing in offering policies with higher face amounts may charge lower premiums for million dollar policies than others.

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.

The face amount of this coverage is not typically high, with proceeds usually ranging between $ 5,000 and $ 50,000 per policy.

The highest face amount will be with the affordable Term life insurance policy to cover the most volatile years of Joe's life.

This additional death benefit can be as high as the face amount of the policy but can not exceed $ 250,000.

Laddering your policies can work for anyone, not just people looking for high face amounts in the millions.

With Fidelity Life Association's Hybrid Life, you can receive a high face amount of life insurance protection quickly — most policies are approved within 24 to 48 hours.

Did you know the typical life insurance company takes up to 3 months to issue a high face amount life insurance policy at a reasonable price?

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 whole life insurance premiums may initially be higher in comparison to a term policy with the same face amount.

Term policies are great for covering you during the years of your life where you need the highest face amount without having to pay excessive premiums to get it.

This will typically mean that the premium amount for the new coverage will be higher — even if the face amount of the policy remains the same.

In most cases, the face amount on a final expense life insurance policy will range between $ 5,000 and $ 50,000 — although there are some carriers that will offer plans with higher face amounts.

It is advisable to purchase guaranteed issue policies only of you can not qualify for simplified issue policies because premiums are much higher and the face amounts are lower.

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The owner has the option to keep the policy at higher premiums, or in some cases, at a lower face amount.

Step 2: Change the face amount of the lower premium policy so that the sum of the side fund plus the face amount equals the face amount of the higher premium policy.

Now the solution is... pay higher premiums to keep the policy going... or, you may be able to reduce the face to an amount that reflects the premiums you are accustomed to paying.

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..

First, in many cases, the face amount of coverage on these policies is typically in the lower ranges — in most instances it is between $ 5,000 and $ 50,000 — although some insurers do allow higher death benefits with a term policy.

If the rates are too high to convert your entire policy, you can convert a portion of it (a minimum of $ 100k face amount) and essentially pay the same for less coverage (not ideal, but again, good to have the option, and you'll be able to keep this coverage for the rest of your life).

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.

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.