Sentences with phrase «larger death benefit»

A term policy is likely to provide a larger death benefit for the same premium.

For example, you might purchase universal life insurance for a death benefit and possible asset growth, but also add a term life rider to provide a larger death benefit at a lower price.

You can purchase multiple units of coverage to get a larger death benefit.

If your goal for the life insurance policy is to protect an inheritance, maybe a home that your parents are leaving to you, you'll need to look at larger death benefit options, which may reduce the types of policies that will meet your needs.

If you have accumulated a sizable cash value over the life of your permanent life insurance policy and do not intend to use these funds yourself, you may choose to leave a larger death benefit to your beneficiaries.

Life insurance, on the other hand, can provide the same peace of mind and perhaps even a larger death benefit for, say, $ 350 per month.

And if you are in need of a larger death benefit initially than your budget allows, you can add a term life rider to your policy to enhance your initial death benefit.

But if you die while your policy is going through the initial funding period of 5 - 7 years, you will leave behind a larger death benefit.

Some people combine whole life insurance with a term policy rider in order to provide a larger death benefit and still have a cash value policy.

if someone had $ 1,000 per month to spend on life insurance, if the entire amount is applied to the base premium, this would purchase a larger death benefit.

In doing so, the couple is able to afford a much larger death benefit for the same amount of money, which can help their heirs manage final expenses and inheritance taxes while also leaving them more money for the future.

However, if you are your family's primary earner, have multiple children to send to college, or a large mortgage balance, you may need a larger death benefit to ensure your family can cover all their obligations without your income.

Some are focused more on the initial death benefit, while other life insurance policies focus on the cash value growth, which may create a larger death benefit when all is said and done.

You can choose protection for one to twenty years and Term can save you money or allow you to purchase a larger death benefit than may otherwise be manageable.

If you don't have any money set aside, or have considerable debt, you may want to consider a term policy with a larger death benefit.

Another example when a MEC is the best route to take is when you want to leverage a large sum of money into an even larger death benefit.

These tax - free exchanges, known as 1035 exchanges, can be useful if another annuity has features that you prefer, such as a larger death benefit, different annuity payout options, or a wider selection of investment choices.

In some cases (older ages and larger death benefit), an EKG and other tests might be required.

Larger death benefit policies are paid higher dividends as well.

You might even find that you can get a larger death benefit for LESS premium.

Basically, you are far more eligible at this point in your life for long term lengths and larger death benefit payouts.

It's also worth considering buying a larger death benefit than your beneficiaries will need because life insurance benefits are paid out in a tax - free lump sum, and if invested, can reap a significant amount of interest even in the very first year.

This means it won't provide a larger death benefit compared to the traditional term policies that require medical exams.

It also may provide you with a larger death benefit than a group policy could, and individual policies aren't conditional based on your employment with any given company.

The larger the death benefit, the bigger the difference.

Adding a term rider to your policy, particularly when you are younger and need a larger death benefit, is a great way to allow you to have the death benefit you need and contribute to your policy for more paid up additions.

Just remember, the larger the death benefit, the more you will pay on your premium so be sure you know exactly what you want to cover before you start shopping around.

However, if you're healthy or want a larger death benefit for income replacement once you pass, we recommend that you compare quotes from other insurers, as you'll get better prices and a wider set of options elsewhere.

A person pays more for insurance coverage for a longer policy term and a larger death benefit.

You can buy multiple units of coverage in order to get a larger death benefit.

You can usually buy more coverage (a.k.a. a larger death benefit) for a smaller premium with term.

Because term is so much cheaper than whole life insurance, you can buy a lot more coverage (meaning a larger death benefit) for the same amount of money.

Think you might need a policy with a larger death benefit or a policy that accumulates cash value?

The longer you have your policy in force, the greater your cash value grows, the larger your death benefit becomes.

Because term is so much cheaper than whole life insurance, you can buy a lot more coverage (meaning a larger death benefit) for the same amount of money.

For example, you might purchase universal life insurance for a death benefit and possible asset growth, but also add a term life rider to provide a larger death benefit at a lower price.

Some are focused more on the initial death benefit, while other life insurance policies focus on the cash value growth, which may create a larger death benefit when all is said and done.

Think you might need a policy with a larger death benefit or a policy that accumulates cash value?

However, this type of policy may feature less expensive premiums than two individual policies, allowing the policy owner (s) the potential to buy a policy with a larger death benefit than might otherwise be affordable using separate policies.

So the older you get, the larger your death benefit as you move towards that inevitable day.

This is because with these particular policies, the policyholder is able to essentially decide if they want more of an investment or larger death benefit.

But if you die while your policy is going through the initial funding period of 5 - 7 years, you will leave behind a larger death benefit.

if someone had $ 1,000 per month to spend on life insurance, if the entire amount is applied to the base premium, this would purchase a larger death benefit.

Another example when a MEC is the best route to take is when you want to leverage a large sum of money into an even larger death benefit.

And if you are in need of a larger death benefit initially than your budget allows, you can add a term life rider to your policy to enhance your initial death benefit.

However, if you're healthy or want a larger death benefit for income replacement once you pass, we recommend that you compare quotes from other insurers, as you'll get better prices and a wider set of options elsewhere.

On the other hand, if you have severe enough health problems to not qualify for term life insurance, mortgage life insurance will offer larger death benefits than many alternatives.

There are a lot of costs that go into insuring someone including administrative costs, the medical exam and testing costs, and potentially having to pay out a large death benefit, so life insurance companies weigh all the risks for those who apply for coverage.

On the other hand, if you have severe enough health problems to not qualify for term life insurance, mortgage life insurance will offer larger death benefits than many alternatives.

You can choose to buy a policy with a large death benefit and you'll have a large premium.