Sentences with phrase «in certain life insurance policies»

A provision in certain life insurance policies (also known as an accidental death benefit) that pays double the death benefit to a beneficiary if the insured dies in an accident or in another way as specified by the policy.

Not exact matches

Although this clause is not automatically included in most modern life insurance policies, you may have to pay a higher premium if you fall into certain high - risk categories.

In addition, the cash value buildup on a life insurance policy is generally not taxed currently, although this buildup could cause the business to be subject to the alternative minimum tax (AMT) in certain circumstanceIn addition, the cash value buildup on a life insurance policy is generally not taxed currently, although this buildup could cause the business to be subject to the alternative minimum tax (AMT) in certain circumstancein certain circumstances.

By purchasing a 20 year term life insurance policy during this time in your life, you can be certain your financial responsibilities will be covered if you were to pass away.

The overloan protection benefit rider protects your policy from lapsing in the event that your life insurance loan exceeds a certain threshold.

In addition, on certain policies with specific life insurance companies, the WOP rider will also waive premiums due on the supplemental life insurance riders, guaranteed insurability riders and renewable term riders.

These options have certain consequences that come into play so it's important to work closely with your life insurance agent if you plan on purchasing a permanent policy for your child to make sure you understand the ins and outs of your particular policy.

While policies sold by mutual life insurers are similar in many ways to those sold by stock life insurance companies, as we have seen, there are certain benefits to buying policies from mutual insurers.

Permanent life insurance policies, particularly those that build cash value, only make sense in certain situations, but agents make higher commissions by selling them.

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 cash value of variable life insurance policies can grow at a much faster rate and in certain cases can be used to pay premiums.

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.

Long Term Care Insurance definition: any insurance policy or rider that provides coverage for costs and services, including maintaining, diagnosing, rehabilitating and personal care services provided by certain organizations, including assisted living facilities, nursing homes and in - hInsurance definition: any insurance policy or rider that provides coverage for costs and services, including maintaining, diagnosing, rehabilitating and personal care services provided by certain organizations, including assisted living facilities, nursing homes and in - hinsurance policy or rider that provides coverage for costs and services, including maintaining, diagnosing, rehabilitating and personal care services provided by certain organizations, including assisted living facilities, nursing homes and in - home care.

For certain individuals, it may be more prudent to purchase a term life insurance policy with lower premiums for a fixed amount of time and take the difference in savings between the two policies and invest in different types of stocks, bonds and mutual funds which may lead to higher returns and a more diversified portfolio.

Cash value accumulation in a whole life policy can also be enhanced through what is called life insurance policy paid up additions up to certain maximums that are close to, but not exceeding MEC life insurance policy limits.

An annuity CAN NOT be exchanged for a life insurance policy due to certain tax advantages of cash value life insurance that are not found in annuities.

Permanent life insurance is often sold as an investment wrapped up in an insurance policy, but don't be too hasty to sign off on the dotted line on a certain product.

This means another health exam, and of course your age will be a factor in determining the cost of a new insurance policy — even though term life insurance is cheaper than permanent life insurance, you'll naturally pay more for a term policy today than you would have 5, 10, or 20 years ago, and if you're above a certain age you may have trouble getting a term life policy at all.

Remember, if you live in a disaster - prone area, your insurance policy may have a separate deductible for certain kinds of damage.

1 Life insurance policies contain certain exclusions, limitations, exceptions, reductions of benefits, waiting periods and terms for keeping them in force.

Like most group life insurance policies, MetLife group policies contain certain exclusions, reductions, limitations, and terms for keeping them in force.

The main differences between term and permanent life insurance are that permanent life insurance is in force for your entire life (as long as you pay the premiums) instead of a certain «term,» and permanent insurance accumulates cash value over the life of the policy.

Life insurance is subject to exclusions and limitations and terms for keeping it in force, Certain types of policies, features and benefits may not be available in all jurisdictions or may be different.

Like most insurance policies and benefit programs, insurance policies and benefit programs offered by Metropolitan Life Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them insurance policies and benefit programs, insurance policies and benefit programs offered by Metropolitan Life Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them insurance policies and benefit programs offered by Metropolitan Life Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them in force.

As your child grows into an adult, this rider allows you to buy additional life insurance above the face value of the current policy (on specific dates and in certain increments) regardless of his / her health status at the time.

I purchased my pet's policy when he was 6 months old and assumed I'd locked in a certain rate based on signing up at an early age, rather than waiting until he was 2 (sort of like a life insurance policy).

Now, although life insurance still works in the same manner, policies are oftentimes purchased for certain purposes, such as for paying off one's mortgage, the funding of a college education, or the payment of final expenses.

Some choose to renew their policies on an annual basis but most choose guaranteed level term life insurance, which is where you a select coverage for a certain time period in increments of five years up to 30 years.

Life insurance (life assurance) is a certain contract between you (the insurance policy owner) and the insurer, according to which the policy owner is paid a reimbursement in case the insured event occurs (i.e. the policy owner's deaLife insurance (life assurance) is a certain contract between you (the insurance policy owner) and the insurer, according to which the policy owner is paid a reimbursement in case the insured event occurs (i.e. the policy owner's dealife assurance) is a certain contract between you (the insurance policy owner) and the insurer, according to which the policy owner is paid a reimbursement in case the insured event occurs (i.e. the policy owner's death).

Attractive as Universal Life Insurance looks; it has certain limitations which are set in your policy.

Term life insurance offers seniors over the age of 70 greater flexibility based on the benefit coverage and in certain circumstances the ability to sell the policy if it is no longer needed.

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.

And on certain life insurance policies, such as those used to fund buy sell agreements, irrevocable life insurance trusts or key person business insurance, a better rate class may mean thousands of dollars in savings.

(Term life insurance policies are only in force for a certain, set period of time such as 10, 15, 20, 25, or 30 years and then they will automatically expire, leaving the insured to have to re-qualify for coverage if they want to remain insured at their then - current age and health condition).

Certain types of life insurance may require you have perfect health at the policy's issuance to ensure you're not trying to cash in on your imminent sickness or death.

They have been in the business for quite a long time, so it's pretty certain they aren't going anywhere anytime soon — and important fact to consider when purchasing a life insurance policy.

If you find that you may have overlooked certain potential costs — even if you already have a current life insurance policy in place — there ways to easily ensure that the remainder of the potential expenses will not be burden to loved ones.

The VantisTerm Life Insurance policy allows you to lock in your premium rate with a level term policy that is guaranteed for a certain number of years, such as 10, 15, 20, 25, or even for 30 years.

Sagicor's fixed indexed single premium whole life insurance policy can allow the policyholder to reposition certain low - interest producing assets such as CD's (certificates of deposit), or money markets — and possibly even a fixed annuity — and obtain the opportunity to earn a higher return on the cash value in the policy.

Policies which don't require a medical exam could help people with certain health conditions secure life insurance even if they work in a high risk field.

A Life Insurance Policy is essentially a contract between an insurance holder and an insurance company wherein the parties agree to certain conditions which provide the policyholder a lump - sum amount of money in case of his / hInsurance Policy is essentially a contract between an insurance holder and an insurance company wherein the parties agree to certain conditions which provide the policyholder a lump - sum amount of money in case of his / hinsurance holder and an insurance company wherein the parties agree to certain conditions which provide the policyholder a lump - sum amount of money in case of his / hinsurance company wherein the parties agree to certain conditions which provide the policyholder a lump - sum amount of money in case of his / her death.

In fact, there are certain life situations that you may not have considered when it comes to securing a life insurance policy.

But did you know that your life insurance policy may also provide you, the policy holder, with certain living benefits that you could tap into in the event you become seriously ill?

It's a life insurance policy that is in effect for as long as you pay the premiums for a certain amount of time (aka, the term).

Not everyone will be able to take advantage of a no medical exam life insurance policy — for instance, if you're applying with an insurer who doesn't offer accelerated underwriting, there's not much you can do about it, and certain family history conditions like cancer may automatically disqualify you — but there are two groups of people who might be particularly interested in going down this path.

Simply put, a flexible life insurance policy can allow you to change certain components of your plan, including the face amount, premium, and coverage period, in response to your changing needs and circumstances.1

Almost all popular insurance companies that deal in life insurance products carefully mull over certain vital factors in order to decide the policy premium.

This means another health exam, and of course your age will be a factor in determining the cost of a new insurance policy — even though term life insurance is cheaper than permanent life insurance, you'll naturally pay more for a term policy today than you would have 5, 10, or 20 years ago, and if you're above a certain age you may have trouble getting a term life policy at all.

Life insurance is priced on how likely you are to die while a policy is in effect, so if you're older, ill, on certain meds, a smoker, etc. it's going to up your premium.

If you live in an area prone to a certain kind of natural disaster, it makes no sense to take a home insurance policy that wont cover you for it.