Sentences with phrase «life insurance death benefits if»

It also handles the distribution of life insurance death benefits if the beneficiary is dead or the policyholder has not named a beneficiary.

The person, people or organization that will receive life insurance death benefits if the primary beneficiary dies before the insured.

A life insurance death benefit if you die in an accident, in accordance to the terms of the policy.

A graded life death benefit means that in the first two or sometimes three years, your beneficiary will not be eligible to receive the guaranteed issue life insurance death benefit if the insured dies from what is considered an «natural» cause of death.

Contingent beneficiaries are basically the backup that would receive your life insurance death benefit if all of your primary... Read More

Not exact matches

As the name implies, term life insurance will provide a death benefit if an individual dies within the policy's term, up to 20 years typically.

For instance, if your spouse died, you'll want to locate a will, if there is one, and obtain a death certificate so that you can begin the process of claiming any life - insurance death benefits and other possible benefits.

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

AIG is our favorite insurer for guaranteed acceptance life insurance because their prices are competitive and they let you accelerate death benefits if you become ill.

AD&D insurance is similar to a life insurance policy in that both offer a death benefit, but your beneficiary wouldn't receive a payout if you died due to an illness.

Consult your investment professional to find out if this whole life insurance policy, which features a death benefit, is the right product for your financial situation.

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.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

If you already own life insurance, you can add the charitable organization as another beneficiary and specify how you want the death benefit distributed.

Many life insurance policies come with the option of accelerating a portion of your death benefit if you become terminally or chronically ill.

One of the key differences to understand is that while you can purchase much more term life insurance than permanent insurance for your money, if you don't die during the term, your favorite charity won't receive any death benefit.

If your primary objective in obtaining life insurance is to have a death benefit in place which will help to cover your family's expenses if you passed away, our analysis shows that other products are likely a better fit given the cost of whole life insurancIf your primary objective in obtaining life insurance is to have a death benefit in place which will help to cover your family's expenses if you passed away, our analysis shows that other products are likely a better fit given the cost of whole life insurancif you passed away, our analysis shows that other products are likely a better fit given the cost of whole life insurance.

For example, if you have a 30 - year mortgage for $ 300,000, you can purchase a term life insurance policy with a matching death benefit and term length.

If a partial benefit payment is claimed, the life insurance policy can continue with a reduced death benefit and lower premiums.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

If you're the beneficiary of a life insurance policy, you should speak with a certified financial planner who should be able to help you determine whether you'd benefit from converting the life insurance death benefit into an annuity.

Term life insurance is not taxable if the death benefits are payable to a named beneficiary (which must be a real person).

If you have a life insurance policy, and you've been keeping up with your premiums, your insurer will pay out a death benefit when you die.

Thanks to «the slayer rule», when you're «south of heaven» and your life insurance beneficiary is the one who put you there, most states show no mercy if there's a preponderance of evidence against the person trying to claim the death benefit.

The last reason an insurance company might not pay out the death benefit is if you commit suicide within the first two years of taking out the life insurance policy.

Although the contingent beneficiary is named in the life insurance policy, he or she won't receive a portion of the death benefit if any of the primary beneficiaries are still alive.

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the policy.

As an added benefit, the life insurance death benefit of the new hybrid policy would pay off her mortgage if she passed away, assuming she didn't use the policy for long - term care.

We recommend term life insurance over mortgage life insurance if you're in good health because you'll get cheaper quotes and the death benefit goes to the beneficiary you choose.

If the insured dies within this term (10, 15, 20, 25, 30, or 35 years), the life insurance company pays a lump sum death benefit to the policy's beneficiaries.

Gerber's term life insurance also provides between $ 25,000 to $ 150,000 of coverage, and doesn't require a medical exam if you're under 50 or want a death benefit of up to $ 100,000.

A life insurance policy's cash value is separate from the death benefit, so your beneficiaries would not receive the cash value if you passed away.

Accidental death insurance is a legitimate product that is similar to term life insurance, but only pays a death benefit if you pass away due to an accident.

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.

If you have a life insurance policy, a payout of the death benefit is preceded by a claim providing a death certificate.

Like term life insurance, whole life insurance policies pay a death benefit if you die while your policy is in force.

Term life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the policy.

If you're very healthy, and there's little risk that the life insurance company will have to pay the death benefit, you'll get more affordable rates.

Term life insurance covers you for a fixed number of years, such as 1, 5, 10, 20, or 30 and pays a death benefit if you pass away during the covered time period.

Or you may wish to lock in a steady rate with a permanent life insurance policy, which accrues cash value, and pays a guaranteed death benefit, even if you live to be 100 years old.

Take life insurance as an example: you pay for a policy, and if you die during the term then that money (the death benefit) goes to the person you named as your beneficiary on the policy.

Term life insurance pays a death benefit to the policy beneficiary if the policyholder dies within the term of the policy.

Term life insurance policies are temporary and only pay out a death benefit to the beneficiary if the policyholder dies within the term of the policy.

AD&D insurance is similar to a life insurance policy in that both offer a death benefit, but your beneficiary wouldn't receive a payout if you died due to an illness.

Life insurance companies pay a death benefit (sometimes in the millions) to the beneficiaries of an insured if they die.

In a nutshell, if your life insurance contract becomes a MEC, you'll lose all the life insurance policy tax benefits that are otherwise available prior to payment the death benefit.

The benefit of combining the two insurances into one policy is you get life insurance death benefit coverage, help with your long - term care services, cash value growth that can be accessed via policy loans, with full cash surrender value plus return of premium if necessary.

If your life insurance policy states three different people as the owner, the insured, and the beneficiary, then the death benefit could count as a taxable gift.