Sentences with phrase «initial life insurance payments»

Please check with us) We'll add to this list if any more companies start accepting credit cards for initial life insurance payments.

Not exact matches

But if the initial payments and further conditions of the coverage satisfy you, Universal Life Insurance can be a good investment vehicle allowing plenty of flexibility so that you can tailor your payments to the financial circumstances.

We always encourage our clients to take advantage of this by making your initial premium payment annually by putting it on your credit card because life insurance companies give you a discount for paying annually — usually in the 4 % -5 % range.

With single premium life, you pay one initial lump sum payment to get paid up life insurance.

For most life insurance companies, a check is needed for the initial premium payment.

The initial (usually) 3 - year period of a life insurance policy is called the contestability period, as during this period suicide and misrepresentation of the information provided (e.g. smoking or heavy drinking when you stated on your application form you don't smoke or drink) can void the payment of the benefits in case of death.

Truth is, after the initial $ 1 payment, their prices are MUCH more expensive than other comparable products with no medical exam, this is why with any life insurance purchase, you need to make sure that you learn about each company in depth and what they have to offer.

For example, if a wealthy individual spends $ 500,000 for a $ 2 million life insurance policy, that initial premium payment comes out of the estate and won't be taxed.

The dividend payment can be used to purchase more life insurance (which may reduce your initial face amount needs and therefore your premium requirement) or you may use your dividend to pay your premium.

There are many term life insurance pros but probably the most obvious is the initial low entry premium payments.