Sentences with phrase «life insurance for children then»

If you get whole life insurance for children then the policy may be used for policy loans or the cash can be withdrawn when your child becomes an adult.

Not exact matches

But if you are not happy with the state of the world, then ask yourself whether in order to secure the future of your individual child or your grandchild, is it enough for you just to buy life insurance for your child or to take out a remainder trust or to pay your child's tuition at a good school.

If there is anyone who relies on your income for survival (spouse, children, aging parents), then you need life insurance coverage.

Universal Life Insurance also allows you to maintain certain levels for lengthy periods of time, but then reduce the benefits when your children are grown and non-dependent.

Simply speaking, if you need two people to pay for your mortgage, provide for your children, or maintain your retirement lifestyle, then joint term first - to - die life insurance may be for you.

A term life policy is often the choice when your life insurance protection needs are higher for a period of time, then drop down to lower levels in later years, such as when your children are grown up and on their own.

Parents who want to send children to college need life insurance and if you're a student whose parents co-signed loans for you, then you may need life insurance too.

If your child is highly likely to develop a medical condition that would make buying life insurance later in life more difficult, then you should buy a child life insurance policy for them now.

And then there's certain events such marriage or the birth / adoption of a child that often require the need for additional life insurance.

If you have a partner and children who rely on your income, then life insurance becomes very important for everyone involved.

If you are legally recognized as domestic partners, then you have the rights of a spouse where the child is concerned, including the ability to buy or change insurance policies for life and health coverage.

Others simply wish to buy one because of their desire to have financial options for their children in the future but for those whose reason is for them to accumulate more in the future then choosing an interest - sensitive life insurance would be the perfect type of life insurance policy for them.

If your domestic partner does not rely on your for support, has her own insurance, or if domestic partnerships are not recognized, then you would not be allowed to add a life insurance rider for the child.

Then, shop around with a variety of companies who offer you term insurance and stay away from the sharpies who push whole life and / or insurance for children.

So if you're looking to give your child a lifetime of financial protection, a lifetime locked - in premium rate, a nest egg for the future, no worries about qualifying for life insurance as an adult, and greater peace of mind for the years ahead, then whole life insurance is your next smart move.

If you have no kind of life insurance whatsoever and you unexpectedly die, your loved ones will be left to struggle financially and your children may not then have access to the same level of education and lifestyle you had planned for them.

If you have children that are getting close to going to college or earning their own paycheck, then you will only need life insurance for a short time, which means a term plan will be a better option.

It is also worth taking out adequate life insurance coverage for your spouse, as if they were to die suddenly and you had children they would still need to be taken care of and that would then fall to you.

If there is anyone who relies on your income for survival, this could be a spouse, children, aging parents, etc. then you need life insurance coverage.

In case, the life insurance policy is purchased after 1st April 2012 in the name of self / child / spouse, then the premium paid towards life insurance policy is eligible for the tax benefit of up to 10 % of the sum assured.

In another 10 years your children will be close to being launched for life and, while you will still need life insurance, fewer people will be dependent on you and you will have fewer obligations so you need not have as much coverage then.

If you have a special needs child, then you may need permanent life insurance to support him / her for a lifetime.

For example, some couples buy a whole life insurance policy when they are newly married, then purchase an additional term life insurance policy when they have children.

If you are looking for a life insurance policy for your child or grandchild, then this is definitely something worth checking out.

What you don't want to do is put substantial money into a term life insurance policy for your children, and then outlive the term.