Sentences with phrase «lapse guarantee option»
A built - in 10 - year no - lapse guarantee option, providing the security of a death benefit as long as minimum premiums are paid.
https://www.columbuslife.com/
Several no - lapse guarantee options, providing the security of a death benefit as long as minimum premiums are paid.
Not exact matches
Disadvantage: Very expensive compare to other options - particularly the no - lapse guarantee universal policy.
A no - lapse guarantee universal life (UL) insurance policy to age 111 or 121 is one of the best if not the best policy of all the final expense options for a healthy senior.
Term / Universal Life Hybrids — A few companies have come out with a form of guaranteed universal life with options for very short «no lapse guarantee» riders.
I think the no lapse guaranteed universal life may be the better option than a fully underwritten term life insurance policy, because it does provide guaranteed lifetime coverage.
You have the option to keep the policy after the initial benefit guarantee period — the initial length of the policy you select — or to allow the policy to lapse.
The best life insurance companies for seniors over 60 provide different policy options such as term life insurance, no - lapse universal life, simplified issue and guaranteed issue.
Non-payment of the requirement premium and changes to the specified amount or death benefit option may also damage the no - lapse guarantee feature.
A no - lapse guarantee universal life policy may be the best option for many seniors over the age of 65.
The best life insurance companies for seniors over 65 offer different policy options such as term life insurance, no - lapse universal life, simplified issue and guaranteed issue.
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In question was that company's decision to replace their no lapse guarantee UL as an option for conversion with a universal life policy that only has a 10 year guarantee.
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Ask them to explain the different options such as whole life, universal life (make sure you ask them about a no lapse guarantee), term insurance and return of premium life insurance.
We just recently sold that property so I really didn't need to carry that $ 500,000 any longer, but it was a policy that had a tremendous conversion option to the best priced no lapse guarantee UL in the business.
Today, while whole life is still an option, there is now universal life, universal life with no lapse guarantees, variable whole life and universal life.