Sentences with phrase «individual life insurance premiums»

This company also ranks sixth in new individual life insurance premiums in Canada and ranked 35th in Standard & Poor's 2003 global top 40 reinsurance groups listing.

A con of hybrid life insurance with long term care is your premium payment does not currently qualify for a tax deduction, most likely due to individual life insurance premiums not being tax deductible.

RBC Insurance leads in the Canadian creditor, individual living benefits and travel insurance markets and ranks sixth in new individual life insurance premiums in Canada.

52 % of universal life premiums and 20 % of all individual life insurance premiums were a result of indexed universal life insurance policies.

Term life insurance coverage represented 65 percent of individual life insurance premiums and nearly 40 percent of all life insurance policies in the United States.

The premiums, which are based on age and the amount of insurance purchased, may be less expensive than individual life insurance premiums because of an employee group discount.

A con of hybrid life insurance with long term care is your premium payment does not currently qualify for a tax deduction, most likely due to individual life insurance premiums not being tax deductible.

Not exact matches

If you have an individual policy, life insurance premiums are not tax deductible.

Total U.S. individual life insurance new annualized premium (premium) increased 1 percent in 2017, compared with 2016 results, according to the LIMRA U.S. Retail Individual Life Insurance Salindividual life insurance new annualized premium (premium) increased 1 percent in 2017, compared with 2016 results, according to the LIMRA U.S. Retail Individual Life Insurance Sales Surlife insurance new annualized premium (premium) increased 1 percent in 2017, compared with 2016 results, according to the LIMRA U.S. Retail Individual Life Insurance Saleinsurance new annualized premium (premium) increased 1 percent in 2017, compared with 2016 results, according to the LIMRA U.S. Retail Individual Life Insurance SalIndividual Life Insurance Sales SurLife Insurance SaleInsurance Sales Survey.

New Yorkers - both individuals and businesses - that purchase health insurance currently pay more than $ 3.1 billion in health taxes through the Covered Lives Assessment; the (HCRA) hospital services surcharge; the Insurance Department Section 332 industry - wide assessments that fund Department operations and are also suballocated to other agencies and programs; and the 1.75 percent preinsurance currently pay more than $ 3.1 billion in health taxes through the Covered Lives Assessment; the (HCRA) hospital services surcharge; the Insurance Department Section 332 industry - wide assessments that fund Department operations and are also suballocated to other agencies and programs; and the 1.75 percent preInsurance Department Section 332 industry - wide assessments that fund Department operations and are also suballocated to other agencies and programs; and the 1.75 percent premium tax.

The good news is that just as insurance premiums are not tax deductible for the individual insurance holder, the payouts of life insurance are also, usually, not taxable.

If you are an individual purchasing life insurance for yourself, the premiums for such an insurance would not be deductible in your personal tax filings.

Therefore, life insurance premiums are not tax deductible on your individual tax return.

Each life insurance company uses different algorithms to determine premiums based an individual's health risks, age and other factors.

If you have an individual policy, life insurance premiums are not tax deductible.

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.

If another person also becomes insured for Critical Illness and Life Insurance on the same mortgage, a 25 % discount will be applied to each of the individual premiums.

This option not only allows two individuals to be insured on the same whole life insurance policy, but it also typically has a lower amount of overall premium cost than will purchasing two separate life insurance policies of corresponding value.

If another person also becomes insured for Life and Disability Insurance on the same loan, a 15 % discount will be applied to each of the individual premiums.

If more than one person becomes insured for Critical Illness and Life Insurance on the same line of credit, a 15 % discount will be applied to each of the individual premiums.

Life insurance premiums are deductible as a business - related expense, and the death benefit is generally tax - free for individual policy owners.

Tax - saving implies that there are certain provisions in the Indian Income Tax Act that allows an individual to save tax by investment in some particular investment instruments (like ELSS mutual funds or Life insurance premium etc., under Section 80c) or when the taxpayer has incurred some expenses on which tax liability can be minimized to some extent (Example — HRA, LTA etc.,).

IncentiveLife Legacy ® III is designed for individuals looking for affordable permanent life insurance who also want to put their premium dollars to work via market - sensitive investment options.

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.

If the right pieces of the puzzle (described in general above) are in place, an individual may be able to qualify for third party financing of the life insurance premiums.

Because premium financing is primarily for affluent individuals, there is an even better likelihood, in my opinion, to be able to negotiate favorable loan terms in a way similar to negotiating private placement life insurance.

A life insurance policy is simply a contract between a life insurance provider and an individual to provide a lump - sum payment, called a death benefit, in exchange for making premium payments to the provider.

Individuals with uninsurable medical conditions may find that AD&D insurance is the only kind of life insurance policy they can take out, unless they elect to pay very high premiums for «guaranteed issue» whole life insurance.

Given the high premiums, instead of VGLI we would recommend you convert your VA life insurance policy to an individual life insurance policy.

Because this is a permanent life insurance policy, once the individual has been approved for coverage, the policy can not be canceled, unless the premium is not paid.

On the individual life insurance side, Voya currently has more than $ 2 billion in gross premium via its term, universal, and variable life insurance products.

Ultra-high net worth individuals are more likely to make use of what is called life insurance premium financing.

Life insurance premiums are based on age and health, so an unhealthy and older individual would have a tougher time qualifying for life insurance than someone who is young and healLife insurance premiums are based on age and health, so an unhealthy and older individual would have a tougher time qualifying for life insurance than someone who is young and heallife insurance than someone who is young and healthy.

Designed for individuals looking for affordable permanent life insurance who also want to put their premium dollars to work via market - sensitive investment options.

These investment options are intended to be sold to certain asset allocation portfolios and to separate accounts of Transamerica Life Insurance Company or Transamerica Financial Life Insurance Company to fund the benefits under certain individual flexible premium variable insurance Insurance Company or Transamerica Financial Life Insurance Company to fund the benefits under certain individual flexible premium variable insurance Insurance Company to fund the benefits under certain individual flexible premium variable insurance insurance policies.

A standard fixed annuity is an insurance contract that allows an individual to pay premiums — either in a lump sum or by monthly installments — and obtain set income payments for life.

When an individual purchase a dividend paying whole life policy, a portion of their premium covers the cost of insurance and a portion goes toward the cash value (CV).

$ 500,000, 20 - year term life insurance policy for healthy, nonsmoking individuals, in California, monthly premiums

The individual owns a whole life insurance policy with an annual premium of $ 4,000 and a death benefit is $ 100,000.

For the uninitiated, an annuity is a long - term contract between an individual and an insurance company which guarantees that in exchange for a lump - sum premium or a series of premiums the insurance company will guarantee an income stream that can last for a certain number of years — or even for an entire life.

Many years ago, life insurance policies were fairly basic in that an individual would pay his or her life insurance policy premium, and then their beneficiary would have the benefit of knowing that they would receive the... Continue Reading

The high premiums, combined with a low face amount for the death benefit, make guaranteed issue life insurance a less desirable option for relatively healthy individuals.

3) Advanced Market Life Insurance — This is a term used by life insurance agents to describe more complicated and high premium life insurance concepts for business and high income individuLife Insurance — This is a term used by life insurance agents to describe more complicated and high premium life insurance concepts for business and high income indInsurance — This is a term used by life insurance agents to describe more complicated and high premium life insurance concepts for business and high income individulife insurance agents to describe more complicated and high premium life insurance concepts for business and high income indinsurance agents to describe more complicated and high premium life insurance concepts for business and high income individulife insurance concepts for business and high income indinsurance concepts for business and high income individuals.

Because the insurance company does not know the level of risk they are taking on for each individual they insure with this type of policy, premiums tend to be higher per dollar of coverage than those of traditional types of life insurance.

These are your high risk life insurance individuals who may work in a hazardous occupation, or have dangerous hobbies, such as motorized racing or skydiving, and they too tend to have to pay higher premiums than the average Joe.

You should only consider 30 year term life insurance with return of premium if you are a responsible individual with the means to make your payments.

Once an individual has been approved for a burial insurance plan with Americo, the premium will remain level throughout the life of the policy — and, provided that the premium continues to be paid, the coverage can not be canceled due to the insured's age or health status.

There are many factors that life insurance companies will consider prior to approving an individual for coverage, as well as for determining how much in premium rate to charge that person.

Life insurance premiums can be paid in a number of ways, and it is important for every individual shopper to compare his or her options and choose a payment plan with care.

While you should always check with your tax professional, life insurance purchased on a key individual, with premiums paid by the business and the business named as beneficiary, can be a tax deductible expense for the business.