But what your advisor might not tell you is that you actually don't need life
insurance after a certain age.
We get many questions about coverage for seniors and travelers concerned about their ability to get travel insurance or travel medical
insurance after a certain age.
Not exact matches
footnote ** IRA distributions received before you're
age 59 1/2 may not be subject to the 10 % federal penalty tax if the distribution is due to your disability or death; is distributed by a reservist who was ordered or called to active duty
after September 11, 2001, for more than 179 days; or is for a first - time home purchase (lifetime maximum: $ 10,000), postsecondary education expenses, substantially equal periodic payments taken under IRS guidelines,
certain unreimbursed medical expenses, an IRS levy on the IRA, or health
insurance premiums (
after you've received at least 12 consecutive weeks of unemployment compensation).
What this table doesn't show is the astronomic rises in premium for renewals down the line, which is why most people cancel their policies
after a
certain age, or convert a portion of it to permanent
insurance to lock in a level premium.
This optional rider allows your kid to opt for more life
insurance at specific
ages and
after certain life events, such as marriage and having a child of their own.
Be aware though, like many other types of life
insurance, mortgage protection
insurance may not be available
after a
certain age.
With whole life
insurance, you pay level premiums until you turn a
certain age,
after which you don't have to pay anymore: you'll remain covered or you can withdraw the accumulated cash value without paying a surrender fee.
A lot of
insurance plans aren't available to some dogs
after a
certain age.
Go here to find out if carriers drop a pet
after a
certain age or more information about the perfect time to get pet
insurance.
Most life
insurance companies will let you renew your term life
insurance after it expires, up to a
certain age, like 95 for example.
With other universal life
insurance policies your rates may just increase once you hit a
certain age and this can be devastating considering you will be on a fixed income
after retirement.
Many traditional life
insurance policies expire
after a
certain number of years, or at a specific
age.
As you can see, there is a quite a bit of variation when
insurance companies have
age cut - off points where
certain types of term life
insurance policies will no longer be sold
after you reach a designated
age.
The policyholder can purchase additional permanent
insurance at
certain ages, or
after various life events like getting married or having a baby without medical examination.
With whole life
insurance, you pay level premiums until you turn a
certain age,
after which you don't have to pay anymore: you'll remain covered or you can withdraw the accumulated cash value without paying a surrender fee.
Many travelers
after a
certain age think that they can't get travel
insurance, but the travel
insurance providers have caught on to the fact that retired baby boomers like to travel and they offer plans for seniors of all
ages.
Like many other types of life
insurance, mortgage protection
insurance may not be available
after a
certain age.
Some life
insurance policies can be designed to self - cannibalize themselves
after a
certain age.
Term life
insurance policies only cover the policyholder for a
certain, preset number of years,
after which they expire and the policyholder will have to buy a new policy, often at increased premiums due to advanced
age.
The underwriters at
certain life
insurance companies do not even care about an irregular heartbeat
after age 55.
However,
after a
certain age, life
insurance companies can't recover the cost of the premium you pay.
Some health
insurance companies also impose restriction of health
insurance renewal
after a
certain age and come with various criteria like medical check - up.
For example, even the top life
insurance companies have cut off periods for
certain ages,
after which specific types of term life
insurance are no longer available.
This optional rider allows your kid to opt for more life
insurance at specific
ages and
after certain life events, such as marriage and having a child of their own.
An endowment life
insurance policy is a form of
insurance that «matures»
after a
certain length of time, typically 10, 15 or 20 years past the policy's purchase date, or when the insured reaches a specific
age.
For example, term life
insurance may not be available
after a
certain age with some insurers.
Depending on your situation, you may not need life
insurance protection
after you reach a
certain age or stage in your life.
Unlike other types of
insurance policies that either become very expensive or are no longer available
after a
certain age, coverage is guaranteed regardless of pre-existing conditions.
Automobile
insurance companies tend to assume that
after a
certain age, a motorist is going to suffer from diminished mental and physical capacities.
If you buy a term life
insurance policy, for example, you assume that your children will no longer be dependent upon you by a
certain age and that you won't have a need for an
insurance policy
after a
certain date.