Sentences with phrase «insurance at specific ages»

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.

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.

Not exact matches

Guaranteed Purchase Option Rider: allows the insured to purchase additional life insurance coverage with no evidence of insurability at specific ages or for specific events, such as marriage, buying a home and the birth of a child.

The pro of whole life is that the higher price tag can be mitigated by getting this type of life insurance policy at a young age, adding specific riders that maximize the cash value up to, but not crossing the line, of becoming a modified endowment contract MEC, and allowing you to utilize that cash value in as little as 30 days.

Most riders allow you to choose to buy additional life insurance at various stages or at specific ages.

The guaranteed insurability rider alters the parameters of your policy by giving you the right to purchase additional insurance at specific option dates, usually up to age 40.

Factors that determine the cost of your life insurance premium include the amount of coverage you want, your age at the time of purchase, in some cases your medical history and specific aspects of your lifestyle, such as occupation and hobbies.

Many traditional life insurance policies expire after a certain number of years, or at a specific age.

• Term Life Insurance Premium Calculator: This calculator helps you compute the premium that you need to pay at a specific age for a specific coverage that is required by you.

Permanent life insurance, as distinguished from term life insurance, is designed to provide death benefit coverage at age 100 or age 120, depending on the specific contract.

Further, the term life insurance policy ends at a specific age, such as age 80.

Depending on the type of term insurance purchased, the premiums will either stay level for a certain period of time, or they will increase at specific ages along the way and eventually end.

It allows the insured to purchase additional life insurance coverage at specific ages, or alternatively, at special occasions such as the birth of a child or marriage.

The rider allows the purchase of additional insurance coverage with no evidence of insurability at specific ages or special occasions, up to age 46.

We could therefore assume that all life insurance premiums for a specific amount and type of policy at a given age should be the same regardless of the company issuing the policy.

With that in mind, the best type of life insurance to purchase may depend on your actual age at the time you apply for a policy as well as the specific need that you are covering.

As plans vary for age group and gender, as well as for health status and lifestyle choices, it is best to try your hand at running a personal health insurance quote, rather than relying on this specific example.

A: A good number of companies offering «whole life» insurance on TV and via mail are actually selling a form of term life insurance with coverage expiring at a specific age.