Sentences with phrase «into a life insurance benefit»

Your single premium payment is immediately leveraged into a life insurance benefit.

Your single premium payment is immediately leveraged into a life insurance benefit.

Not exact matches

However, these days only a handful of insurers offer LTC insurance, so another option may be life insurance with an LTC rider, which allows families to tap into the benefits they would receive upon the policyholder's death while he or she is alive and requires care.

While the cash value feature is an attractive option it's important to remember, though, that tapping into the cash value of a life insurance policy reduces its value and death benefit and increases the chance the policy will lapse.

There are a lot of costs that go into insuring someone including administrative costs, the medical exam and testing costs, and potentially having to pay out a large death benefit, so life insurance companies weigh all the risks for those who apply for coverage.

Also, tapping into the cash value of a life insurance policy reduces its value and death benefit and increases the chance the policy will lapse.

If you're the beneficiary of a life insurance policy, you should speak with a certified financial planner who should be able to help you determine whether you'd benefit from converting the life insurance death benefit into an annuity.

A life insurance annuity works like an income in that the death benefit is divided up over a number of years into equivalent amounts that the beneficiary receives each year.

My recommendation was to dollar cost average $ 94,839 annually out of his investment portfolio that was earning 1 percent in short - term treasuries, 5 percent in bonds, and -20 percent to +20 percent in the stock market into a life insurance contract to control a potential $ 4 million life insurance benefit.

Whereas, a life insurance contract is an asset that is designed (at least traditionally) to provide a death benefit to one's estate, an annuity is centered around converting a lump sum payment (or series of payments) into a stream of income for a fixed period (usually for life).

The likely reason for this is life insurance is viewed as using cash to purchase a death benefit, whereas an annuity is all about converting a lump sum into an income stream.

The benefit of combining the two insurances into one policy is you get life insurance death benefit coverage, help with your long - term care services, cash value growth that can be accessed via policy loans, with full cash surrender value plus return of premium if necessary.

So, rather than tap into your savings, you can tap into your life insurance death benefit.

You can pay into the policy for 10 or 20 years and your child will be able to reap the benefits for of whole life insurance for their entire life.

Limited pay life insurance is a life insurance contract between you (the owner / insured) and the carrier (the insurer), for the benefit of the beneficiary, that requires you to pay into the policy for a set period of time.

Single - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of your life.

With term life insurance the benefits do not come into play until death.

Flex Pay PUA Rider — Paid - up additions riders allow you to pay additional premium into your policy to purchase additional participating whole life insurance, which increases your death benefit and cash value.

NYLIAC Instant Legacy ® 1 is a single - premium universal life insurance policy that can help leverage the money you have set aside for your heirs into a larger legacy through a Guaranteed Death Benefit.2

The right of a judgment debtor to accelerate payment of part or all of the death benefit or special surrender value under a life insurance policy, as authorized by paragraph one of subsection (a) of one thousand one hundred thirteen of the insurance law [* see below], or to enter into a viatical settlement pursuant to the provisions of article seventy - eight of the insurance law, is exempt from application to the satisfaction of a money judgment.

With regard to permanent life insurance with a guaranteed insurability option, this feature, in addition to the customary death benefit, may provide a financial cushion for children well into their adult years.

In reality, what started as an annuity account quickly turned into a life insurance contract due to a substantially higher death benefit.

Benefits from life insurance policies are designed to replace «lost» income; they usually provide significantly more than you've paid into the policy.

Check your employer's benefit plan to see if you've opted into its life insurance or disability insurance offerings.

The advantages of term life insurance are a lower initial premiums while you are young, leverage dollars into death benefit, specific tailored term lengths to cover measurable assets, such as a mortgage.

The IRS places a limit on how much money can go into life insurance premiums for the policy and how quickly such premiums can be paid in order for the policy to retain all of its tax benefits.

The following five (5) benefits of borrowing against your permanent life insurance policy's cash value will provide a glimpse into why permanent coverage is a great vehicle for creating wealth and leaving a legacy.

This type of life insurance policy allows those with disposable cash to pay a lump sum into a life policy for a death benefit that will be paid up until the insured dies.

The great thing about life insurance is that the death benefit is paid out income tax free and not necessarily tax free altogether as life insurance proceeds are typically included into the gross estate of the decedent (the deceased) and are thus subject to estate taxes (sometimes called «death taxes»).

But if she can already live comfortably on the income she receives from insurance benefits, a private pension, and social security, then maybe she should invest more of her personal savings into alternative options.

Life insurance goes into effect as soon as you make your first premium payment, meaning you're eligible for the death benefit as soon as the policy is in force.

Riders are modifications to your overall life insurance policy that turn a basic life insurance policy — you pay premiums and a death benefit is paid out if you die — into something that covers more exotic circumstances.

Another benefit of whole life insurance is that you can put a seemingly unlimited amount of money into your policy, based on your policy's death benefit.

Whole life insurance defined: A whole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficiary.

The point is to input the exact same amount of annual life insurance death benefit and PREMIUMS, for both the term and whole life products, in order to do a true: Buy term life insurance and invest the difference into an alternate investment vehicle (called a mutual fund in this software) vs. buying whole life and «investing» in the life insurance company's subaccounts.

Because assets may take decades to appreciate into their full value, you could die before your investment has matured, and your loved ones would benefit much more from the life insurance death benefit than from what you have stashed away.

However, Iowa life insurance policy regulations usually come into play once a claim is filed, and deal primarily with payment terms and other issues pertaining to the disbursement of benefits.

Regulations regarding South Carolina Life Insurance usually come into play when a claim is filed, and have to do with payment terms and other issues surrounding the disbursement of death benefits.

Federal Gross Estate: The property that is included into the calculation for determining the decedent's property that is subject to Federal estate taxation (generally speaking that is comprised of property owned by the decedent at death, property in which the decedent had any incidents of ownership, life insurance death benefit proceeds, and certain gifts).

The settlement was the result of a 35 - state investigation into the life insurance industry revealed that there was at least $ 7.4 billion in unclaimed benefits.

It is important to understand the benefits and types of life insurance before investing into one.

If the policyholder makes it past the initial two - year waiting period, the benefits stated in the policy will go into full force and the beneficiary will receive the amount listed on the life insurance.

When you purchase life insurance, you enter into a contract with a life insurance company that agrees to pay a death benefit to your beneficiary, which can be your spouse, children or anyone you choose.

While whole life insurance will last for the rest of your lifetime, the benefits are simply not practical for seniors who have lived into their 80s.

By implementing the concept of leverage into life insurance, term life allows you to use less money to get more death benefit coverage.

A good rule of thumb is that you should incorporate around six months of lost income into the benefits of the life insurance policy.

Add up all of those expenses and you should have a rough estimate of how much life insurance you need.Be sure to consider how long you want the death benefit cash to be used for and factor that into your calculations.

Question: Isn't it a waste of money to put money into a term life insurance policy and never pull out a benefit?

A graded death benefit is a clause written into guaranteed issue life insurance policy which states that prior to your policy covering «Natural» causes of death, you must first remain ALIVE for a certain period of time (typically 2 - 3 years depending on the carrier) after your guaranteed issue life insurance policy goes into force.

If you're within the first few years of being cancer - free, look into the life insurance offerings of your employer or even the benefits of your spouse's company.