Sentences with phrase «life insurance contract»

There are numerous types of life insurance contracts available.

In the future and upon the death of the second insured, the benefit will be paid out to the named beneficiaries in life insurance contract.

This usually gives the policy owner the right to renew a term life insurance contract for an additional period equal to the period for which the contract was originally written.

A type of term life insurance contract that offers low rates for a fixed period of time, and which will continue to offer low rates if the policyholder passes periodic medical examinations.

The cash value account in a variable universal life insurance contract does not always carry any guaranteed rate of return, though some contracts may provide this.

As a part of this agreement, the business will purchase separate life insurance contracts on the lives of the owners.

The number of employees who are insured at the end of the year under employer - owned life insurance contracts.

Also, know that underlying investment options are only available in variable annuity and variable life insurance contracts.

With a permanent life insurance contract, you have the flexibility to surrender the policy and supplement your retirement income with the funds that have accumulated in the policy's cash value account.

An individual who enters into a whole life insurance contract with an insurance carrier agrees to a specified death benefit amount in exchange for a fixed level premium.

The same goes for future withdrawals from life insurance contracts that are tax - free up to your basis, or total net investment, in the account.

At Life Ant we recommend that only clients who fully understand the product consider a universal life insurance contract as a viable permanent life insurance option.

All else being equal, the more cash value a whole life insurance contract contains, the higher the dividend payment received by the owner.

Certain life insurance contracts accumulate cash values, which may be taken by the insured if the policy is surrendered or which may be borrowed against.

A group life insurance contract that protects a creditor in the event of death of the insured prior to their debt being fully paid.

Participating life insurance contracts are whole life insurance policies, typically from mutual insurance companies, though some stock companies do offer life insurance dividends.

Also, some entities that purchase life insurance contracts from others couldn't care less about when the insured dies.

So if the estate tax disappears, then demand for specially structured life insurance contracts could weaken as well.

This provision gives you an opportunity to review the full life insurance contract after receiving your issued policy.

With the GI rider, they will be able to add coverage at the original health rating, usually for a lower price than they will pay for the equivalent new life insurance contract.

In most life insurance contracts this is the date midway between the insured's birthdays.

And third is life settlements, which are life insurance contracts held on someone over the age of 65 that no longer wants to own their life insurance plan.

A flexible premium life insurance contract that permits policy owners to adjust their policy's premiums, timing of payments, and face amount from time to time.

Such plans are a long term life insurance contract where the policyholder has to pay premium throughout the tenure of the policy or may opt for single pay or limited payment option.

If you die under a normal life insurance contract, your death benefit is paid and that's all.

Another crucial term life insurance contract provision is called the conversion privilege.

There are numerous types of life insurance contracts available.

Never wanting to miss out on gaining a potential client, insurance companies have turned life insurance contracts into a long - term care / life insurance hybrid.

Generally speaking, fraud, misrepresentation and suicide within the first 2 years are the only policy exclusions with key man life insurance contracts.

This is what most already know as it pertains to basic life insurance contracts, though it also pertains to ordinary life as well.

If you desire safety and predictability, a single premium whole or indexed life insurance contract can be a good alternative to a variable life policy.

Variable universal life insurance contracts contain surrender charge provisions.

Participating policies are typically life insurance contracts, such as a whole life participating policy.

Joint life insurance contracts come in two forms, first to die and second to die, depending on which death triggers the death benefit payment.

I want to buy a life insurance or life insurance contract for the purpose of growing cash value, which is the best option?

They do this because of the growth potential and tax advantages of life insurance contracts.

Nobody likes reading the fine print in life insurance contracts, so your agent should be very clear when explaining any policy provisions or restrictions.

With a permanent life insurance contract, you have the flexibility to surrender the policy and supplement your retirement income with the funds that have accumulated in the policy's cash value account.

This is because the policy is an annual renewable term life insurance contract with a separate savings component.

In addition, many insurance - related vehicles, such as deferred annuities and certain life insurance contracts, provide tax - deferred benefits.

For universal life insurance contracts, the cash value is used to pay the expenses of the cost of insurance directly rather than taking a loan.

The Advantage Plus allows you pay your premiums to age 100, or just for 20 years (at a higher premium) to own a participating whole life insurance contract.

Participating life insurance contracts are whole life insurance policies, typically from mutual insurance companies, though some stock companies do offer life insurance dividends.

For example, you can still purchase a 10 year term policy or guaranteed 20 year term life insurance contract.

She could contact a registered broker and purchase a variable life insurance contract.

PNB MetLife India Insurance Co. Ltd. is only the name of the Insurance Company and the names of the products are only the names of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns

8) Endowment Life Insurance — This is a form of life insurance contract which is set up to pay out a lump sum after a defined term (maturity) or when death occurs.

A modified endowment contract (MEC) is a special class of life insurance contract defined under the Internal Revenue Code (IRC).