Sentences with phrase «higher policy death benefit»

If our motorcycle racer Bill decides to go with a higher policy death benefit.

Not exact matches

Because these policies don't require any medical exams and you're instantly approved, the premiums are very high and the death benefit is low.

Since the premiums are higher and the death benefit is initially lower, a greater portion of the premium is added to the policy cash value, which then grows interest - free inside the contract.

Naturally, a policy buyer would prefer the insured to be elderly, in poor health, with a policy that has low cash value and a high death benefit, because all of these factors might increase the buyer's yield - to - maturity on the policy when you die.

Even if you have health issues and would have difficulty passing a medical exam, a large number of insurers offer no medical exam term policies that provide higher maximum death benefits.

The premiums are incredibly high and increase over time (in contrast to «level term» policies, «level benefit» means the death benefit stays the same while rates rise), and coverage ends when you turn 80.

Creating a high cash value life insurance policy gives you the benefit of a policy that grows cash value quickly, that will also grow your death benefit as you get older.

A longer term or higher death benefit (as well as the age and health rating of the individual policy applicant) determines the cost of this insurance.

So, for example, if you had $ 100,000 and you wanted to put it into a single premium policy, your death benefit would probably exceed $ 500,000, perhaps as high as $ 750,000.

In addition, Sagicor's simplified issue whole life and universal life insurance policies have higher options for death benefits than you can find almost anywhere else.

Premiums can be high and you could earn a better return in the stock market, but ROP policies offer a full death benefit as well as the possibility of a cash windfall if you outlive the term.

While a large number of insurers offer simplified issue life insurance policies, Sagicor is a great choice as they offer competitive rates and some of the highest death benefits.

In addition, Northwestern Mutual offers the option of paying a higher premium to guarantee the death benefit, an option that's not standard for most variable universal policies.

Examples of common riders are: accident death benefit (higher payouts in case of death through an accident) and term conversion (in case you want convert your universal policy into term).

Since they're better able to assess your risk through the health questions, this policy's death benefit can be as high as $ 50,000 in value, though this is still significantly lower than what is available through alternate insurers.

A graded death benefit policy has quite high premiums and for the first couple of years the death benefit is equal to the premiums paid (or sometime double the premiums paid).

Some life insurance policies — particularly ones with a high - value death benefit — may require you to take a medical exam or submit a blood test in order to be approved.

Given their intent, survivor life insurance policies can have incredibly high death benefits and you won't be limited if you need a fair amount of coverage.

Subject to the Policy being in force, as on the date of death, the death benefit payable under the product will be Higher of: 1.

Another top cash value company and policy, Pacific Life's Pacific Indexed Accumulator (IUL) is designed for high cash value growth, rather than a high initial death benefit.

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.

There is also a high likelihood that the death benefit will never be used because the policy will likely expire first.

In addition, since the amount of the death benefit will remain fixed throughout the term of the policy, the death benefit your family will receive will be higher.

First, they pay out the death benefit on a graded basis, and second, they charge a higher premium than alternate policies.

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In addition to the higher premiums, one of the main drawbacks to a guaranteed issue life insurance is that your beneficiaries wouldn't receive a full death benefit until your policy has been in force for a specific length of time (typically between one or two years, depending on the life insurance company).

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.

The total will depend on your individual insurer and policy; it's 50 % with Nationwide, for example, but can be as high as 80 % of the total death benefit with other carriers.

Due to the way these policies are set up, consumers can decide when to pay higher premiums for a higher death benefit within certain limits.

Mutual of Omaha makes up for it by including high benefits for the accelerated death benefit, which allows you to take money out of your policy to pay for charges related to a terminal illness.

Premium payments are also fixed for the term of the policy, but because a death benefit payout is expected more often than not, premium rates are often higher than with term life insurance.

Some carriers offer guaranteed universal life insurance options and adjust the amount of the premium higher while making the policy amount lower, so that in addition to offering a guaranteed death benefit, the policy almost immediately begins to generate a larger cash value.

A properly designed whole life policy can be tailored for high cash value growth or for high death benefit, depending on your goals and objectives.

Repaying the cash value in your policy allows it to exponentially grow, allowing more cash value, more guaranteed growth, more tax advantaged dividends, growing death benefit and essentially a compounding AND EVER EXPANDING SAFE BUCKET to provide greater means to pursue, higher risk, higher return investments... and the strategy compounds and grows and grows and compounds.

Term Rider: Due to the higher initial cost of permanent policies, you can supplement your coverage with a term rider to increase your death benefit coverage until your cash value has a chance to catch up.

This approach allows true compounding policy growth of your cash account and an ever increasing death benefit in addition to the rate of return generated by your higher risk - return investments.

Many people opt for a guaranteed universal life insurance policy because of the low premiums and high death benefit.

If the death benefit is significantly higher than what you are being offered, it might be best to hold on to the policy unless you absolutely need the funds and can no longer pay the premiums.

High - income earners will probably be looking for life insurance policies with a high death benefit — a million dollars or mHigh - income earners will probably be looking for life insurance policies with a high death benefit — a million dollars or mhigh death benefit — a million dollars or more.

Some people decide to purchase a term policy with a high death benefit, to cover immediate needs, and a smaller permanent policy to provide future coverage and asset growth.

Settlements are always higher than the cash surrender value of the policy but lower than the death benefit.

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.

Policies that build cash value have their place, but if the main objective is to get the highest death benefit for the lowest possible cost then typically a universal life, or guaranteed universal life is the way to go.

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.

A whole life insurance policy works best for someone who can afford the higher premiums and wants a guaranteed death benefit for their family members or estate no matter how long they live.

The key to high cash value growth is to build a policy focused on cash value, rather than a death benefit.

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.

Those in higher income brackets usually should also opt life insurance policies with an increasing death benefit.

The premiums are incredibly high and increase over time (in contrast to «level term» policies, «level benefit» means the death benefit stays the same while rates rise), and coverage ends when you turn 80.

Along with a much higher premium, your policy would pay out no death benefit if you died within the first two years.