Sentences with phrase «large face value policies»

Not exact matches

Although the largest policy in the portfolio (by face value) matured during the period, a large proportion of the total death benefit remains linked to a relatively small proportion of lives.

In other words, the plaintiff in an insurance bad faith case may be able to recover an amount that is much larger than the original face value of the policy.

However, Universal Life is more flexible than whole life, allowing the premium and face amount to change.This can be advantageous if you have either limited funds and you can not make a large premium payment or you have excess funds and you want to store up some additional cash value in your policy for a «rainy day».

No medical exam policies often have lower face values, but can be purchased for larger amounts, such as $ 250,000 to $ 500,000.

If you purchased a policy when you were very young, chances are you had a large face value with a small premium.

These policies cover your funeral and end of life expenses, but do not provide the larger face values that some term policies can.