Sentences with phrase «keep life insurance benefits»

There are some requirements that must be met regarding ownership rights of the policy to keep life insurance benefits tax free to heirs.

Universal life insurance typically uses investment returns to lower monthly premiums while keeping a life insurance benefit intact.

Not exact matches

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

For many, keeping the death benefit out of their taxable estate is a key advantage of establishing a life insurance trust.

If you have a life insurance policy, and you've been keeping up with your premiums, your insurer will pay out a death benefit when you die.

When going through bankruptcy you are only entitled to keep certain properties: A single vehicle up to a certain value, necessary clothing, tools you strictly need for your job, small personal belongings up to a certain value, insurance up to a certain value too, the property where you live, part of your earned (yet unpaid) wages, social benefits, necessary house appliances and other home equipment, etc..

But keep in mind that you are getting life insurance along with your college savings account, an additional benefit.

The maturity clause of a life insurance policy is fairly complicated, but this basically means that the value you would be able to keep by surrendering the policy becomes larger than the total death benefit.

A Cost of Living Adjustment (COLA) rider is designed to help the beneficiary's disability insurance benefits keep pace with inflation.

For many, keeping the death benefit out of their taxable estate is a key advantage of establishing a life insurance trust.

The policyowner pays premiums to keep the policy inforce and, in exchange, the life insurance carrier promises to pay the benefit.

Like term life insurance, whole life insurance protects your family from financial burden when you die, as long as you kept paying your premiums, by paying out a death benefit, usually between $ 100,000 and $ 5 million.

1 Life insurance policies contain certain exclusions, limitations, exceptions, reductions of benefits, waiting periods and terms for keeping them in force.

Life insurance is subject to exclusions and limitations and terms for keeping it in force, Certain types of policies, features and benefits may not be available in all jurisdictions or may be different.

These are all immediate annuity benefits that also allow you to keep your Federal Employees Health Benefits (FEHB) and Federal Employees» Group Life Insurance (FEGLI) coverages as a retiree if you have been enrolled for enough time (usually the 5 years immediately preceding your retirement) before youbenefits that also allow you to keep your Federal Employees Health Benefits (FEHB) and Federal Employees» Group Life Insurance (FEGLI) coverages as a retiree if you have been enrolled for enough time (usually the 5 years immediately preceding your retirement) before youBenefits (FEHB) and Federal Employees» Group Life Insurance (FEGLI) coverages as a retiree if you have been enrolled for enough time (usually the 5 years immediately preceding your retirement) before you retire.

Loans and withdrawals from a permanent life insurance policy will reduce the policy's cash value and death benefit, and may require additional premium payments to keep the policy in force.

Permanent life insurance (also called whole life) offers lifetime protection and a guaranteed death benefit as long as you keep the policy in force by paying the premiums.

There's nothing to support the death benefit if you stop paying your premiums, although as long as you keep up to date, the death benefit also won't decrease, as happens with universal life insurance.

Keep in mind that there are certain scenarios where a life insurance company doesn't have to pay out the death benefit.

Like most insurance policies and benefit programs, insurance policies and benefit programs offered by Metropolitan Life Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them insurance policies and benefit programs, insurance policies and benefit programs offered by Metropolitan Life Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them insurance policies and benefit programs offered by Metropolitan Life Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them in force.

But keep in mind that loans from a life insurance policy will reduce the policy's cash value and death benefit, could increase the chance that the policy will lapse, and might result in a tax liability if the policy terminates before the death of the insured.

But permanent policies such as whole life insurance typically provide a lifetime death benefit, regardless of your health, as long as you pay the premiums to keep the policy in force.

Aside from keeping your loved ones» financial future bright, you can use living benefits from your whole life insurance policy after you stop working.2 More about Life Insurlife insurance policy after you stop working.2 More about Life insurance policy after you stop working.2 More about Life InsurLife InsuranceInsurance

Generally speaking, this is initially the most affordable life insurance you can buy that offers a lump sum death benefit paid to your beneficiary so long as you keep paying premiums and you pass away within the term.

Universal life insurance, is a permanent life policy that offers flexibility in premium payments and keeps the death benefit in force no matter how long you live.

Group life insurance benefits are intended to provide the preferred coverage necessary to keep quality employees while reducing the employer's costs.

The no lapse guarantee of their universal life insurance product is a great way to maintain the guarantees of permanent benefits, but keep the premiums low.

... that being said, that doesn't keep you from accessing a wonderful life insurance plan with Living Benefits!

You may even have to pay more in life insurance premiums to keep the policy in force or see reduced death benefits.

Others keep the death benefit but choose to use the cash value to buy term life insurance, which will ultimately expire at the end of the set term.

Many companies, both big and small, are struggling to keep employees satisfied and offer them benefits such as healthcare coverage and life insurance.

The policyowner pays premiums to keep the policy inforce and, in exchange, the life insurance carrier promises to pay the benefit.

According to the Insurance Information Institute (III), life insurance can keep surviving spouses from receiving reduced Social Security Insurance Information Institute (III), life insurance can keep surviving spouses from receiving reduced Social Security insurance can keep surviving spouses from receiving reduced Social Security benefits.

Another thing to keep in mind is that term insurance is less costly than whole life insurance for equal amount of death benefit.

There are so many benefits of buying and keeping life insurance.

Rob Jackson, co-founder and CEO of Healthy Paws, a provider of pet insurance, says that with about 78 million dogs and 85.8 million cats living in U.S. households, it makes sense to offer pet insurance as a workplace benefit to attract and keep employees.

If you have a life insurance policy, and you've been keeping up with your premiums, your insurer will pay out a death benefit when you die.

As long as you keep paying the premiums, your variable life insurance policy will stay in force and provide a death benefit to your survivors.

Keep in mind that there are certain scenarios where a life insurance company doesn't have to pay out the death benefit.

Life insurance companies are legally required to keep a specified amount of reserves on hand — capital that's available to pay out death benefits in a worst case scenario.

Life insurance is a self - completing financial product, meaning that while it might take years or decades to save for a home or retirement, the value of a life insurance policy is instant; if you die, your loved ones immediately get the death benefit to keep their financial goals on trLife insurance is a self - completing financial product, meaning that while it might take years or decades to save for a home or retirement, the value of a life insurance policy is instant; if you die, your loved ones immediately get the death benefit to keep their financial goals on trlife insurance policy is instant; if you die, your loved ones immediately get the death benefit to keep their financial goals on track.

A traditional whole life insurance policy purchased at 40, keeps the death benefit in force beyond age 70, as long as premiums are paid (dashed - blue, then solid - blue line).

A long - term care policy keeps you from having to deplete your life insurance benefits or other savings to pay for long - term care services.

Like term life insurance, whole life insurance protects your family from financial burden when you die, as long as you kept paying your premiums, by paying out a death benefit, usually between $ 100,000 and $ 5 million.

If you had the proper term life insurance policy, your spouse would receive enough money from the policy's death benefit to pay off — or at least keep up with — the mortgage.

As you search for a lost policy, keep in mind that if it was a term life insurance policy, then you as the beneficiary collect the benefit only if the insured person died within the term.

2 Life insurance policies contain certain exclusions, limitations, exceptions, reductions of benefits, waiting periods and terms for keeping them in force.

With this rider, it's important to keep in mind that maximum benefit is typically only a percentage of the life insurance policy's face amount and it is taken from your death benefit.

Unlike whole life and universal life products, there are no cash values in the policy, so the premiums are purely for the life insurance death benefit, which also keeps the cost down.

This is a benefit that allows you to keep your life insurance in force, even if you are no longer healthy.