Sentences with phrase «in death benefit coverage»

A final expense insurance policy will usually provide between $ 5,000 and $ 25,000 in death benefit coverage.

While a worker with a high paying job and lots of kids to support may need a million dollars or more in death benefit coverage, that same worker may need only a fraction of that coverage after the kids have grown up, found jobs and struck out on their own.

This plan can provide up to $ 150,000 in death benefit coverage — with a minimum face amount of $ 10,000.

These policies will typically provide somewhere between $ 5,000 and $ 25,000 in death benefit coverage that is paid out to a named beneficiary, and that is free of income taxation.

The AARP permanent life insurance plan through New York Life offers up to $ 50,000 in death benefit coverage.

The Trendsetter Super is a term life insurance policy that provides up to $ 1 million in death benefit coverage.

Depending on the insurance company, you can generally find death benefits coverage amounts which range anywhere from between $ 1000 dollars to as high as $ 50,000 in coverage although most policies range between $ 5,000 — $ 20,000 in death benefits coverage.

Let's take the case of a 35 year old male who wants $ 500,000 in death benefits coverage.

Not exact matches

Finally, with universal life coverage your death benefits can be calculated in two ways, and you get to choose which you prefer.

With variable life coverage you have to choose your own investment strategy in order to maximize your death benefit; it's like a universal policy but you (and not the insurer) are managing the investment portfolio.

Policies offer coverage up to age 121 and can provide hundreds of thousands of dollars in death benefits.

Accidental death and dismemberment coverage can also act as a living benefit, as the dismemberment coverage provides a payout if you receive certain injuries in an accident.

The postdoc also receives $ 50,000 in life insurance coverage, free accidental death and dismemberment insurance, and free short - term disability insurance, «the only [such] free benefits in the entire UC system,» according to Castaneda.

The third party receives the death benefit if you pass away while the coverage remains in force.

Make sure the policy you choose has the coverage you need in terms of level premiums, death benefits and cash value when it matures.

The additional coverage in excess of the Contract Value is only available to use for a qualified long - term care benefit and will not become part of the contract value or the death benefit.

Since the underwriting is limited, the death benefits are as well, though this is fine if you're interested in final expense coverage as the average funeral costs around $ 10,000.

In addition, there's a two - year waiting period after you purchase coverage during which, if you pass away for any reason besides an accident, the full death benefit would not be paid.

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.

With this coverage, you receive a death benefit if your child dies while your policy is in force.

In addition, if you pass away during the first 2 years of coverage due to a non-accident, your beneficiary won't receive the full death benefit.

A family income policy provides the death benefit in a unique way, but may not provide the full coverage needed with its decreasing value.

While death benefits are often designated for funeral expenses and income replacement, life insurance is a very flexible type of coverage that can be used in numerous ways.

The advantage of convertible term insurance is you can convert all or a portion of your death benefit to permanent coverage without having to prove your insurability, in other words, you don't need to take an exam or answer health questions.

A permanent policy is typically not the right fit if you're looking to simply acquire financial coverage for your family in the case that you pass away, as term coverage will offer the same death benefit with much lower premiums.

For purposes of this post, it just needs to be understood that we can bridge the deficiency of not having enough coverage in our banking policy with a term rider, which can be used to add convertible term life insurance (which results in an increase to the death benefit).

Accidental death and dismemberment coverage can also act as a living benefit, as the dismemberment coverage provides a payout if you receive certain injuries in an accident.

Benefits increase 5X in case of accidental death If you die as the result of an accident (as defined in your policy) before age 85, your beneficiary will be eligible to receive five times your coverage amount.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

You receive more guaranteed coverage early on when your need is possibly greater and you maintain a proportional death benefit guarantee in later years when your focus likely changes to other priorities, including leaving a legacy.

Policies offer coverage up to age 121 and can provide hundreds of thousands of dollars in death benefits.

Unfortunately, if you have a severe enough pre-existing condition that you wouldn't qualify for non-guaranteed coverage, you're unlikely to find any insurer that offers over $ 50,000 in death benefits.

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 some cases, the maximum death benefit for an additional insured can be as high as those of the primary insured, meaning your spouse would have the same amount of coverage as you.

How much coverage you desire — in other words, the amount of the death benefit you select — will also impact the cost.

As with all life insurance coverage, if you die while the policy is in force your beneficiary receives a death benefit payout.

Universal works just like whole life in that there's a death benefit paid to your beneficiaries and the coverage never ends or needs renewal.

The site allows you to anonymously compare offerings from several different insurers, and in several different permutations of coverage length and death benefit amount.»

Those applicants that are turned down for traditional term life insurance can still get coverage in a majority of cases with a guaranteed death benefit policy.

Also, you may not need as much death benefit coverage later in life, so you are OK with a decreased death benefit.

In exchange, your coverage will be limited to a lesser dollar amount and your death benefits will be extremely limited during the first few years the policy is in forcIn exchange, your coverage will be limited to a lesser dollar amount and your death benefits will be extremely limited during the first few years the policy is in forcin force.

Similar to whole life insurance, term life coverage provides a lump sum death benefit in the event that the policyholder passes away while the policy is still active.

A typical term policy gives you coverage for a specific period of time and when that time is up, if your family has not had to use the death benefit, the money that you have paid in is a sunk cost — no cash value, and no more insurance coverage.

If the policyholder dies while the policy is in force, the coverage amount (grimly called a «death benefit») is paid out in one tax - free lump sum to the beneficiaries named in the policy.

In addition, riders can be added to each policy that allow you to adjust the death benefit, either so that it increases over time, it decreases over time, or you're able to purchase additional coverage later without medical questions.

The Trendsetter Super Series includes the option for an accelerated death benefit if you have over $ 50,000 in coverage, but you can add this feature as a rider for smaller policies.

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.

Term life insurance is considered to be the most basic form of coverage, providing a certain amount of death benefit in exchange for a premium payment.

«I often come across people who may prefer the long - term security of a permanent life policy, but they need a bigger death benefit than they can afford,» he said, noting that term life coverage, which offers a bigger benefit for smaller premiums, is generally the better bet in that case.

The death benefit coverage in force at December 31, 2011 (representing the amount payable if all of approximately 480,000 contractholders had submitted death claims as of that date) was approximately $ 5.4 billion.