Sentences with phrase «in a life insurance policy when»

Cash value that's left in your life insurance policy when you die is kept by the insurer.

Cash value that's left in your life insurance policy when you die is kept by the insurer.

You should consider what you are looking for in a life insurance policy when you're selecting your policy.

Cash value that's left in your life insurance policy when you die is kept by the insurer.

You should consider what you are looking for in a life insurance policy when you're selecting your policy.

The provisions for accelerated may be included in a life insurance policy when it has been purchased or attached as a rider.

Not exact matches

Genworth Financial (GNW), which provides life and long - term care insurance, screwed up a while back when it began selling policies to cover medical expenses in old age: It did not charge nearly enough for them.

Basically, someone with a terminal disease would sell his or her life insurance policy at a discount so they could have money to pay medical bills and what not and then when that individual died, the buyer would cash in the full amount of the policy.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

When Barri discovers Sylvia dead in her apartment, it sets off the murder mystery plot of the film, as she begins to suspect Sylvia's son Anthony (Kevin Corrigan, almost doing his best Christopher Walken impression) of foul play for the life insurance policy.

This is when Coverage D in your home insurance policy kicks in, better known as loss of use (LOU) or additional living expenses (ALE) coverage.

In a nutshell, while most whole life insurance is fixated on maximizing the death benefit of a policy and just allowing cash values to grow over time, strategic self banking focuses on maximizing life insurance cash values, so the whole life insurance plan can be used strategically as a savings and personal financing vehicle for the purpose of recapturing your cost of capital incurred when having to deal with third party lenders or using your own cash.

It's always best to seek the advice of your financial advisor, tax advisor or your insurance agent when you are buying a life insurance policy, naming your beneficiaries, and making any changes to your policy, as to whether those choices may result in tax consequences.

When you're shopping for life insurance policy quotes either online or in person, make sure to be ready to answer the following:

In effect, buying a longevity annuity is a bit like buying a life insurance policy, but instead of making a payment to your heirs when you die, a longevity annuity makes monthly payouts to you for the rest of your life, assuming you're still alive when those payments are scheduled to begin.

When assessing an insurance policy in a situation like yours, I like to look at the expected «return» on the policy for the rest of your life.

When you purchase life insurance, you agree to pay the insurance company what's called a premium, a monthly or annual cost ensuring that your policy stays in effect.

When you pay your insurance premium for a permanent life insurance policy, the money is generally allocated in three portions:

However, the AARP's whole life insurance policy is relatively unique in that premium payments end when you turn 95.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

In contrast to term insurance, a whole life insurance policy pays the death benefit stipulated in the contract upon the death of the insured, regardless of when it may occuIn contrast to term insurance, a whole life insurance policy pays the death benefit stipulated in the contract upon the death of the insured, regardless of when it may occuin the contract upon the death of the insured, regardless of when it may occur.

When searching through available level term life insurance policies, you will also need to decide on how many years you want the coverage to remain in place.

In the 1980's when interest rates started rising many dividend paying whole life insurance policy owners saw increasing interest rates that did not reflect lower policy dividends.

John Hancock is one of the top universal life insurance companies, particularly when it comes to the Accumulation IUL insurance policy, which will will provide a more in depth review of below.

Homeowners» Insurance: Required for all mortgage loans, protects the home from damage and theft Owner's Title Insurance: Optional policy ensuring the title will not be subject to a claim of ownership, lien or other encumbrance Private Mortgage Insurance (PMI): Required by most lenders when the down payment is less than 20 % Federal Housing Administration (FHA) Mortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of disability

The ability to take policy loans is also an attractive feature when the plan is to utilize life insurance policy proceeds for investing in real estate and other income producing assets.

As for locking in premiums, most adults have no issue securing affordable life insurance when they purchase a policy in their 20s and early 30s.

If you were not yet in a serious relationship with your spouse when you first bought life insurance, you may have named a parent or sibling as your policy's primary beneficiary.

When this happens, if a cash value life insurance policy was used to fund a key person policy, the amount of the cash value can be taken out in the form of an easily accessible life insurance policy loan, with no origination costs, tax free.

Be healthy, save on insurance: If you are in a good health and have a good build when you apply for a life insurance policy, insurers will reward that with lower premiums.

For many people in Los Angeles, insurance is easily viewed as another bill in an already tightly stretched budget; however, as many residents know all too well, having a home, car, life, or health insurance policy in place is a great benefit when unexpected troubles arise.

In the policy later years when costs exceed your premiums, those reserves are then used to handle the additional cost of life insurance at the later ages.

When purchasing life insurance coverage, it is important to determine what type of policy — as well as how much in death benefit (face amount)-- will be right for you and your survivors.

In exchange for premium payments, a life insurance policy provides a tax - advantaged lump - sum payment, known as a death benefit, to the beneficiaries when the insured passes away.

But this strategy is more flexible if you've invested in a universal life insurance policy as you're not required to pay the higher amount in years when it would be difficult.

If you have certain hereditary illnesses in your family or have concerns for your child's health early on, it's much easier for your child to get a fair price on a life insurance policy when they purchase it before adulthood.

In most indexed universal life insurance policies, the new cash value of this subaccount then becomes the baseline for the next year when calculating the amount that will be credited to your account.

When seeking out the best life insurance policies and companies it is important that you get familiar with the various companies available in order to find the right fit for you.

When seeking out the best life insurance policies it helps to familiarize yourself with the different companies in the marketplace.

New York Life whole life insurance should always be considered when looking for the best cash value policy in the marketplLife whole life insurance should always be considered when looking for the best cash value policy in the marketpllife insurance should always be considered when looking for the best cash value policy in the marketplace.

Basically, someone with a terminal disease would sell his or her life insurance policy at a discount so they could have money to pay medical bills and what not and then when that individual died, the buyer would cash in the full amount of the policy.

The mortgage lender will have no involvement in a mortgage life insurance policy whatsoever, apart from the obvious fact that the loan will be paid in full when you die.

In some cases when policies are illustrated correctly, life insurance can provide tax - free policy loans.

Prior to 2008, Western District of New York courts held that when a husband and a wife both file bankruptcy and one spouse has a life insurance policy with cash value and the other spouse as the beneficiary, the bankruptcy trustee, as trustee for both the owner and beneficiary of the policy, could claim in the cash value.

However, when you look at your overall financial picture, factor in how much money would no longer be available to support your family and the expenses you are leaving behind, a million dollar life insurance policy might make more sense.

When you pay monthly or annual premium into an endowment policy, part of that payment is used to buy life insurance, while the rest is pooled in an investment fund that goes towards your endowment payout upon maturity.

When you purchase a life insurance policy, you'll be given the option of designating one or multiple beneficiaries to receive a death benefit in the case you pass away.

With a term life insurance policy, your named beneficiaries receive a payment if your policy is still in force when you die.

Here are some vital tips to keep in mind when selecting the policy and the life insurance company you work with.

When you assign contingent beneficiaries for your life insurance policy, make sure they're specified clearly in all paperwork.