Sentences with phrase «kind of life insurance policy options»
What kind of life insurance policy options are available for key person insurance and what are some pros and cons of each?
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Before deciding on a life insurance policy for your child, take the time to learn about the different kinds of policies and options that are available.
• Receive Cash — Generally payable annually in the form of a check on the anniversary date of the policy • Use Towards Premiums — Instead of taking the dividends as cash, you can apply the money towards your policy premiums • Let Dividends Accumulate — Means that you accumulate your dividends as interest and can withdraw anytime but will be required to pay taxes on any interest accrued • Buy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separinsurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separInsurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separinsurance policy which would be provided as a separate rider
This is the coverage option to convert your current term life insurance policy into another kind of policy option.
This kind of short term policy is the most desirable option since they are the cheapest form of life insurance.
The great news is that if you choose the right kind of permanent life insurance coverage, you'll end up paying a lot less than other kinds of policies, like Whole Life (an expensive permanent coverage optilife insurance coverage, you'll end up paying a lot less than other kinds of policies, like Whole Life (an expensive permanent coverage optiLife (an expensive permanent coverage option).
If you don't know what kind of policy is right for you, let a Trusted Choice ® network member agent help you analyze your personal situation, compare policy options and get you Green Bay life insurance quotes to suit your needs.