Sentences with phrase «in a life insurance policy after»

Always choose to invest in a life insurance policy after a careful assessment of your present financial situation.

Not exact matches

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With a term life insurance policy in place, you can help your family cope with loss of income after your death.

A place to stay after a disaster: Another feature included in most renters insurance policies is called additional living expenses (ALE) coverage.

He left my mothers sister as Beneficiary on the life insurance policy as my mom had passed away in 2010 and he trusted her to divide the remaining funds after funeral costs amongst his three children.

In general, life insurance companies that know an insured has passed, but can not locate the beneficiaries of the policy, are required to turn over the benefits of the policy to the state's unclaimed property office if the benefits are not claimed after a certain number of years.

The term «proceeds and avails», in reference to policies of life insurance, includes death benefits, accelerated payments of the death benefit or accelerated payment of a special surrender value, cash surrender and loan values, premiums waived, and dividends, whether used in reduction of premiums or in whatever manner used or applied, except where the debtor has, after issuance of the policy, elected to receive the dividends in cash.

It is not unlikely that you can get an internal rate of return of 5 % or more in your whole life insurance policy after the first few initial years.

Permanent life insurance will be in force long after a term policy expires, and play an important role in estate planning.

By obtaining a life insurance policy, those with dependents and with mortgages to pay can rest assured in knowing their loved ones will be protected after they pass.

Incontestability Clause: A life insurance policy provision that states after the policy has been in force for a specified period of time, the company can not deny a claim based on a material misrepresentation made in the application.

A life insurance policy provides death benefits for spouses in the form of financial assistance to make up for the loss of income after a loved one passes away.

Return of premium life insurance policies do just that: Return your premiums to you after your policy's term is up in the event you outlive the term.

Naming a beneficiary in a life insurance policy or leaving a bequest in a will only provides for cash after death, so it may not be the answer for everyone.

In fact, she would have to earn 6.7 % annually (after - tax) for the rest of her expected life to save $ 300,000 in an alternate investment, in order to match the internal ROI of the life insurance policIn fact, she would have to earn 6.7 % annually (after - tax) for the rest of her expected life to save $ 300,000 in an alternate investment, in order to match the internal ROI of the life insurance policin an alternate investment, in order to match the internal ROI of the life insurance policin order to match the internal ROI of the life insurance policy.

Unlike term life insurance policies, which expire after a predetermined term, whole life insurance policies remain in effect as long as the premiums are paid.

If you're interested in purchasing a life insurance policy to provide financial protection for your family after your death, this type of policy may be more than you need.

Converts the term life insurance policy to a permanent life insurance policy that remains in effect even after the term has ended.

After all, in the hands of an investor, a life insurance policy is simply an «investment» that has ongoing cash flow requirements (premiums) but will eventually mature as a (much larger) death benefit later.

A planned gift can be as simple as naming Homeward Pet as a beneficiary in your will or life insurance policy, or transferring long - term appreciated stock to Homeward Pet directly (rather than selling it and donating the after - tax proceeds).

The suicide of a policyholder after the first policy year of any life insurance policy issued by any life insurance company doing business in this state shall not be a defense against the payment of a life insurance policy, whether said suicide was voluntary or involuntary, and whether said policyholder was sane or insane.

This evolved after many decades of litigation, in the late 1800s and early 1900s, between survivors of people who died and life insurance companies who sought the right to refuse to pay for any inaccuracy in the information provided to underwrite the policy (even if unrelated to the actual cause of death) due to fraud, and for suicide on the theory that it was a premeditated way to cheat the company.

In practice, life insurance policies have an exclusion period for suicide when the policy is taken out where it is not covered; after that it is.

Like any other Life Insurance, here also you will get assured sum after maturity and in case of death of the policy holder the nominee will be benefited by the amount.

After the «term» period ends, some term life insurance policies do have a period of time in which they are renewable.

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From there we run into our second problem which is that guaranteed issue life insurance policies will only begin to cover «natural causes» of death after the policy has been in place for a minimum of 2 years (and sometimes 3).

In most cases, life insurance purchased with after - tax dollars isn't taxable to you or beneficiaries, with a few exceptions such as interest on installment payouts, some cash withdrawals, or policy surrenders.

Remember, you are guaranteed a full refund for up to 10 days after the life insurance policy is delivered to you, so there is no risk in submitting money with an application.

In case the insured has not paid policy premiums after the grace period, the life insurance policy lapses.

Assuming there is no law to the contrary, most life insurance policies will pay out in the case of suicide if the suicide occurs two years or more after taking out the life insurance policy.

Unlike whole life insurance policies, which are designed to remain in effect for a policyholder's entire life, term life insurance policies expire after a pre-determined time period.

In some cases, if you're looking for insurance that provides tax benefits and — after a certain amount of time — a guaranteed return on money you've paid in, you might consider a whole life insurance policIn some cases, if you're looking for insurance that provides tax benefits and — after a certain amount of time — a guaranteed return on money you've paid in, you might consider a whole life insurance policin, you might consider a whole life insurance policy.

History — After creating their first logo in 1947, Southern Farm Bureau Life Insurance Company soon sold their first policy in the same year in the name of Lawrence Owen Cooper Jr (son of the Chairman of the Organizing Committee).

So, if the graded premium permanent life insurance offers $ 100,000 in benefits, then they will be enforced one day after the two years has passed since the policy went into effect.

In exchange for a higher premium than a standard term life insurance policy for the same amount and term, a return of Premium term life insurance policy will refund the premiums you've paid after the term has expired.

Assisted living benefits, issued for this insurance policy after 1998, should be paid at the time you are in any RCFE - licensed facility.

If you're the beneficiary of a life insurance policy, you might think a check will arrive in the mail after the insured person dies.

In the ill - fated event that an illness or an accident ends your life, a suitable life insurance policy can create a financial safety net for your family so that those you leave behind can continue to maintain their standard of living, both immediately after your passing and well into the future.

After the policy goes in force, a collateral assignment form from the life insurance company will be sent for you to complete.

However, with the life insurance policy, your family will receive much more money in benefits after your death, whereas the burial insurance will only give you the decided amount top cover your funeral costs.

After the policy is placed in force, you will wait a couple of months and then have her transfer ownership of the life insurance plan to you as a gift.

While this means there will be no death benefit left over after the policy expires, it also means the mortgage life insurance premiums will be very low despite the policy having a very high death benefit in the early years.

Waiver of Premium is an additional provision (sometimes also called a rider) in most Life Insurance policies which allows to stop paying premiums after the insured person has been disabled for a given period of time (usually six months) due to an illness or an injury.

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Three years ago, Veno Leigertwood of Yeadon, Pennsylvania, was shot dead in his driveway after purchasing a life insurance policy worth more than $ 1 million just 18 days earlier

If you're interested in purchasing a life insurance policy to provide financial protection for your family after your death, this type of policy may be more than you need.

If your goal is to have your spouse own a «paid off» home after your death, and have enough income to survive in the coming years, your $ 400,000 SGLI policy is probably not enough life insurance coverage.

After you complete the initial paperwork for the life insurance plan, the company is going to require that you take a medical exam before they accept your coverage, unless you have chosen to purchase a no medical exam required policy, which will result in higher premium rates.

It is best to do this in the first year of the policy as the gift amount is equal to the premiums paid, and after the first year the value of a life insurance policy gets more complicated to calculate.