Sentences with phrase «keep life insurance premiums»

This is how they protect themselves financially and, in turn, can keep life insurance premiums at a reasonable level.

Overall there's no other way to keep your life insurance premiums consistently low if you don't have a healthy life.

You can't always prevent diseases and disorders, so properly managing the conditions you have, eating right and getting plenty of exercise can lower your risks, and help keep life insurance premiums down, too.

Overall there's no other way to keep your life insurance premiums consistently low if you don't have a healthy life.

Whole life insurance was useful in keeping life insurance premiums level for life but there was some discord over how it was being marketed to consumer.

This includes keeping life insurance premiums affordable, protecting its customers» retirement, and providing high quality and efficient customer services.

If you are over age 50, there may some ways that you can keep your life insurance premium more affordable.

One way to help with keeping your life insurance premium down is to obtain your protection via an employer - sponsored plan and / or through an organization.

Because term life does not provide any cash value or savings build up, it can help to keep the life insurance premium cost down — thus, allowing for coverage where, in some cases, it may not otherwise be affordable.

Whole life insurance was useful in keeping life insurance premiums level for life but there was some discord over how it was being marketed to consumer.

Not exact matches

A life insurance policy is cover that a person takes out, keeps up with the monthly premiums and in turn the insurer undertakes to pay their dependents / beneficiaries out upon their death.

Once you choose your, you will pay a premium to the life insurance company to keep the policy in force until the end of the defined term, or the end of your life, whichever comes first.

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.

«[FHA] requires most borrowers to keep paying mortgage insurance premiums for the life of the loan — long after any real risk of financial loss to FHA has disappeared.

Universal life insurance is a type of permanent life insurance that lasts your entire life, as long as you keep paying premiums to keep it active.

And because upscale living deserves premium insurance, choose the available Frisco, TX Renters Insurance and keep your new home safe from any eventinsurance, choose the available Frisco, TX Renters Insurance and keep your new home safe from any eventInsurance and keep your new home safe from any eventualities.

In other words, this life insurance will not expire as long as you keep paying the premiums.

If you fund the contract with more premium than is necessary to keep the policy in force over any seven - year period, the life insurance policy fails the seven - pay test.

Insurance Premiums: life insurance premiums are the payment due to keep the policy active and in force on the life of theInsurance Premiums: life insurance premiums are the payment due to keep the policy active and in force on the life of the Premiums: life insurance premiums are the payment due to keep the policy active and in force on the life of theinsurance premiums are the payment due to keep the policy active and in force on the life of the premiums are the payment due to keep the policy active and in force on the life of the insured.

Not only does an FHA mortgage keep the monthly premium for the full life of the loan, it will also require an upfront mortgage insurance premium (UFMIP) of 1.75 %.

Since whole life insurance premiums are level, you know how much you'll have to pay at any point to keep coverage in place.

Term insurance differs from the permanent forms of life insurance, such as whole life, universal life, and variable universal life, which generally offer lifetime protection as long as premiums are kept current.

Variable life insurance is a type of permanent life insurance, meaning it stays in force your whole life if you keep paying monthly or annual premiums.

It's mostly because whole life insurance is expensive, and policyholders struggle to keep up with the premiums as time goes on.

In other words, with whole life you can keep the coverage until you die and you probably won't pay premiums on the policy later in life, particularly if you chose limited pay life insurance.

A premium waiver, whereby if the insured becomes disabled, they can have the policy's premium payments waived, while still keeping their life insurance coverage in force

After the grace period ends, your policy will lapse, you will no longer be insured and the life insurance company keeps all your premiums paid.

Whole life insurance is a permanent type of insurance that stays in effect until a person passes away, as long as premium payments are kept current.

Many policies let you convert your term life insurance into a whole life insurance policy before the end of a term; if you opt to do so, you'd keep paying premiums like normal.

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

The amount of protection you'll receive from your policy — and even just if you can keep your policy in force — will be determined by your life insurance budget and your ability to pay your premiums.

As we mentioned, whole life insurance policies don't expire; they keep going as long as you pay your premiums.

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.

Many people have trouble keeping track of things (such as bills) as they get older and, with life insurance, that often means policies lapse after years of paid premiums.

Are you having difficulty keeping up premium payments on a life insurance policy, or do you no longer need the polic...

A disability waiver of premium rider allows you to keep your life insurance policy without worrying about how you're going to pay for it while you're out of work.

The use of credit - based insurance scores has been banned in Massachusetts, Hawaii and California, but if you live in one of the other 47 states, maintaining a solid credit profile and credit history may improve your insurance premiums and help keep costs low during retirement.

Initially, cash value life insurance works the same as term: The policyholder makes regular payments called premiums to keep the policy active.

For one, you pay much higher premiums to keep a whole life insurance policy in effect.

A permanent life insurance policy, on the other hand, stays in force for as long as you keep paying the premiums.

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.

Keep in mind that if a long - term care insurance policy does not accept lump - sum premium payments, you would have to make several partial exchanges from the CSV of your existing life insurance policy to the long - term care insurance policy provider to cover the annual premium cost.

The money that is used to purchase the contract is placed into an escrowed trust account — typically an irrevocable trust — and that money makes premium payments to keep the life insurance policy in force until the insured dies.

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.

As with other types of life insurance, you keep your permanent life insurance in force by paying monthly or annual premiums.

Unlike a term life insurance policy, a permanent life insurance policy lets you rest assured that your beneficiaries will receive funds — regardless of when you die — as long as your premiums are kept up.

With paid - up life insurance, the policy is kept in force by deducting the premium from your cash value account.

If you can afford to keep paying your premiums and you still have a spouse or dependents, you might be better off keeping your life insurance policy and seeking alternatives for your retirement or medical bills.

As long as you keep making premium payments, your whole life insurance policy stays in force.

Paid - up life insurance is an option that allows you to keep a whole life insurance policy in force without paying any premiums for a while, or permanently.