Sentences with phrase «large life insurance policy»

This is really the convenient way to go unless you are buying a very large life insurance policy.

The affordability of term life allows individuals and families to obtain a substantially larger life insurance policy when it is needed most.

Some people even choose to supplement larger life insurance policy with modest burial policies, because the latter typically ensures a faster payout.

Because of these things larger life insurance policies are being issued without the applicant having to do a medical examination.

There are certain risk appraisal criteria which must be met when an insurance considers issuing large life insurance policies.

But the truth is, if you're looking to get insurance for a really large life insurance policy, chances are you're going to have jump through quite a few hoops.

People often purchase larger life insurance policies for any number of reasons, the most common being to ensure that their debts are paid off, to ensure continuing income to dependents or to cover the cost of children's education.

The company decided to take out a very large life insurance policy on John, over his strenuous protests.

Wealthy Canadians have been using 10/8 arrangements for the last decade or so as a means to have the government subsidize their extremely large life insurance policies.

If you have a mortgage and are the primary earner for your family, you would need a much larger life insurance policy than if you just wanted to cover your end - of - life costs.

If you leave a large life insurance policy, for example, the bank may come after that.

For example, parents may want to gift to a child via a large life insurance policy, but they hold back out of fear that the death benefit might reduce the child's motivation to pursue a degree or build a career.

For example, a father or mother who is the primary income earner of the household that has a large life insurance policy gets the peace of mind that the family will be taken care of financially if he or she die unexpectedly.

You would want to choose a larger life insurance policy if you have dependents and you are the primary income earner for your household.

It may be worth it to purchase a larger life insurance policy now to lock in a low rate to protect any salary increases you may have in the future.

If a large life insurance policy is only going to cost you $ 500 or $ 1,000 per year, it won't be taking much away from your investment efforts.

Lincoln Heritage's services are all streamlined to promote the Funeral Advantage policy which is designed for those who may not have much in the budget to cover a larger life insurance policy or are already protected financially and simply want additional coverage for funeral expenses and burial costs.

If you're looking for a large life insurance policy, a million dollars or more, you might be worried about how much your life insurance plan is going to cost and if you can be accepted for the coverage.

You would want to choose a larger life insurance policy if you have dependents and you are the primary income earner for your household.

Stay financially aware and assess your needs for additional insurance coverage; for instance, a single person with no dependents may not need a large life insurance policy, if any at all.

Even if you have a sufficient and large life insurance policy, you need to have a child plan.

There are numerous reasons for people to consider buying a large life insurance policy such as a two million dollar policy.

But that is also a matter of context in which a large life insurance policy is purchased on a child, who, for example, if you know will go to college and will most probably borrow loans for education, a $ 200,000 policy does not sound high.

Great example, we can use is the recent purchase of the largest life insurance policy by a mystery billionaire.

If you have several children or a spouse that needs your paycheck to pay for any basic expenses, then it's important that you have a larger life insurance policy to replace your income.

That not everyone is really looking to purchase a large life insurance policy.

If you are buying a large life insurance policy that has a premium that you will only be able to afford if you are earning the income you are used to, you may want to consider adding this rider to your policy.

Larger life insurance policies, although they cost more overall, actually have a lower cost per $ 1,000.

The proceeds of a large life insurance policy can be used by the heirs to pay a tax bill for those wealthy individuals whose estate surpasses the estate tax exempt threshold.

The average cost per $ 1,000 of life insurance coverage decreases the larger the life insurance policy as you get into higher bands of coverage.

Only a few states have tough laws requiring parents or guardians to have a good reason for taking out a large life insurance policy on their children, he said.

For example, a father or mother who is the primary income earner of the household that has a large life insurance policy gets the peace of mind that the family will be taken care of financially if he or she die unexpectedly.

On larger life insurance policies, most life insurance companies require the applicant to undergo a physical examination by a doctor, nurse or a para-medical.

If the legal owner of a large life insurance policy passes and that person's gross estate value is greater that the current estate tax exemption, then the death benefit from the policy would likely be subject to steep estate taxes.

If this same applicant actually does have a real need for a large life insurance policy, they may consider purchasing SEVERAL guaranteed issue life insurance policies from multiple insurance carriers and perhaps supplement that coverage with an accidental death policy (accidental death policies are not «true» life insurance policies and will only cover accidental causes of death.

Consequently, it makes little sense to take out a large life insurance policy on a newborn baby, as no one depends on babies financially.

In some situations, our clients need to carry a large life insurance policy for the rest of their life.

Though this may sound harsh, it's actually designed to protect the insurance company from the possibility that someone might purchase a large life insurance policy, and then commit suicide for the benefit of their loved ones only days or weeks later.

Her husband had made mention of the fact that he had a large life insurance policy so if something happened the family would be OK.