Sentences with phrase «keeping life insurance in force»

The cash value element can be used to pay premiums to keep the life insurance in force if you can not pay them otherwise, or it can be used for any other purpose you choose.

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

The savings element can be used to pay premiums to keep the life insurance in force if you can't pay them otherwise, or it can be used for any other purpose you choose.

If you elected to have the cash value add to your premium payments and the premiums were not sufficient by themselves to keep the life insurance in force, then the cash surrender value will drop over time.

This both keeps the life insurance in force and provides a source of savings for the owner.

The premium waiver will buy you time that you'll be able keep your life insurance in force.

Not exact matches

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 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 theinsurance premiums are the payment due to keep the policy active and in force on the life of the insured.

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.

Life insurance contains exclusions, limitations, and terms for keeping it in force.

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

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.

Life insurance policies contain exclusions, limitations, and terms for keeping them in force.

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

Like most group life insurance policies, MetLife group policies contain certain exclusions, reductions, limitations, 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.

Like other insurance, TruStage life insurance policies contain specific limitations, exclusions, termination provisions and requirements for keeping them in force.

Whole life insurance lasts your whole life and works great as a forced savings account, in that you're obligated to keep investing in your savings in order to keep the account 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.

TruStage life insurance policies contain specific limitations, exclusions, terminations provisions and requirements for keeping them in force.

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.

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

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.

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 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.

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.

Life insurance quotes are a cost comparison of the premiums required to keep a life insurance policy in force / actLife insurance quotes are a cost comparison of the premiums required to keep a life insurance policy in force / actlife insurance policy in force / active.

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

For instance, a life insurance policyholder may be able to access some of the cash value to meet their immediate needs while keeping the policy in force for beneficiaries.

These individuals believe that when a person reaches the older ages and no longer has children who are counting on his or her income for their support, that there is also no need to continue keeping life insurance protection in force.

A policy that offers just the right amount of coverage for just the right time frame, term life insurance policies feature an affordable premium that keeps the policy in force for the number of years you've selected.

Premium is a regular payment to an insurance company needed to purchase a Life Insurance policy and to keep it insurance company needed to purchase a Life Insurance policy and to keep it Insurance policy and to keep it in force.

The policyholder determines the amount of life insurance coverage required and pays the life insurance company a premium to keep the policy in force.

Irda said the priority of agents and insurers should be to keep the existing life insurance policy in force.

When people can no longer afford to keep their insurance in force, they usually either cash it in, simply let it lapse, or convert all or part of it to some other form of Life Iinsurance in force, they usually either cash it in, simply let it lapse, or convert all or part of it to some other form of Life InsuranceInsurance.

To put it simply, you pay your life insurance premiums to keep your life insurance policy in force.

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 what keeps your insurance policy active (or «in force») so the insurer will pay out if, in the case of life insurance, you die.

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.

Whole life insurance lasts your whole life and works great as a forced savings account, in that you're obligated to keep investing in your savings in order to keep the account in effect.

You need to pay your premiums to keep your life insurance policy in force, but that may become difficult or impossible to do if you become disabled and have to stop working.

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

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.

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).

When you buy a life insurance policy, you pay monthly or annual premiums in order to keep the policy in force.