Sentences with phrase «into your life insurance death»

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

With Money Guard Reserve, if you don't use it, you either get your money back or if you die without using it, your deposit blossoms into a life insurance death benefit.

Not exact matches

The public defenders currently assigned to represent him said they were looking into how much money Cruz may get in life insurance proceeds after the death of his mother, Lynda, in November 2017.

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.

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.

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.

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.

Thus, it makes sense to roll the dividends back into the policy by purchasing additional whole life insurance so that your cash value grows, compounded by a guaranteed interest rate and dividend growth and your death beenfit grows, so you leave as much money as possible to your estate.

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 death of the borrower in that case is so tragic, and indeed so unlikely, that perhaps it would make sense to bake into these loans a term life insurance policy that would leave the cosigner on the hook only for more typical forms of default.

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»).

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.

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.

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).

However, if you feel that the person's lifestyle may lead to death, some insurance companies will allow you to put a suicide policy (an additional coverage to your life insurance policy) into place.

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.

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

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.

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.

From there we run into our second problem which is that guaranteed issue life insurance policies will only begin to cover «natural causes» of death after the policy has been in place for a minimum of 2 years (and sometimes 3).

But the advantage of locking into a whole life policy while you are younger is you will always pay that lower premium, you will always have life insurance that builds cash value and you will always have a death benefit.

It doesn't seem fair... Some people pay into their life insurance policies for years, and then upon their death, the insurance company refuses to pay.

If you contribute $ 1,000 into a high cash value whole life insurance policy you will have a large death benefit far in excess of the money you put into it.

If your health situation is one that does not allow you to get a traditional life insurance policy, because you may have recently had cancer or a heart attack or some kind of major health issue that does not allow you to get a traditional policy, then you may want to look into something called a graded death benefit policy.

Now there are products known as «guaranteed issue» life insurance products that won't ask any medical questions or require a medical exam, however, these types of life insurance products will not cover «natural» causes of death for a certain period of time (typically 2 - 3 years) once the policy goes into force.

Term life insurance policies also offer a level death benefit; whether the policyholder dies five years into the term or 20 years into the term, the death benefit will be the same.

The last thing you want is to lock into life insurance expecting it to last your entire life, only to find out you actually locked into a temporary policy where the premiums increase or the death benefit drops.

With the Sage no lapse universal life insurance policy, the insured can have a guaranteed death benefit and premium that are locked into age 120.

However, the tax laws dictate that the death benefit from your life insurance policy gets added into the rest of your estate when calculating your estate's value and the amount of estate tax you owe.

Variable life insurance combines a death benefit with cash value accumulation that can put into a wide variety of investment options.

In 2003 (14 years ago) my husband and I put into place an accidental death and dismemberment (AD&D) policy with Stonebridge Life Insurance.

When an insured person dies, the life insurance company reaches into this pot to pay the death benefit.

Every graded death benefit policy has different qualifying questions, so the key to finding the best graded death benefit life insurance rates is sorting through all the options available and finding the cheapest company that YOUR unique risk fits into.