Sentences with phrase «life insurance in force when»

Here is the question... Do you want to have life insurance in force when you die?

Not exact matches

Cash value life insurance, also known as whole life insurance, once issued, is in force for life, assuming all required premiums are paid when due.

With a term life insurance policy, your named beneficiaries receive a payment if your policy is still in force when you die.

There's one fixed cost that shouldn't be eliminated even when other cost - cutting measures are in full force: life insurance.

Like any life insurance policy, it pays out a death benefit to an appointed beneficiary when you die as long as the policy is in force.

Graded death benefit describes how a life insurance policy will not pay out if the applicants death occurs during the first two or three years from when the policy was initially placed in force.

Financial strength is very important when choosing a life insurance company due to the fact your policy may be in force for over 30 or 40 years before the policy may be paying out any benefits.

These individuals believe that when a person reaches the older ages and no longer has children who are counting on his or her income for their support, that there is also no need to continue keeping life insurance protection in force.

Since the goal is to make sure you can pass money along through a life insurance death benefit to your family when you pass away, you would want a policy that would for sure be in force no matter how long you live.

When you want a life insurance benefit that stays in force during your entire life then you want a whole life policy.

Group life insurance is a great benefit to take advantage of through your employer, but you can only collect on your group life insurance policy if it's in force and you're employed with the company when you die.

This means that when you place your life insurance policy in force and you're within 6 months of your next birthday, they'll actually determine your rates as if you are 1 year older.

In such a scenario, if I buy a term life insurance policy today, will it still be in force when I'm abroaIn such a scenario, if I buy a term life insurance policy today, will it still be in force when I'm abroain force when I'm abroad?

When people can no longer afford to keep their insurance in force, they usually either cash it in, simply let it lapse, or convert all or part of it to some other form of Life Iinsurance in force, they usually either cash it in, simply let it lapse, or convert all or part of it to some other form of Life InsuranceInsurance.

When you buy a life insurance policy, you pay monthly or annual premiums in order to keep the policy in force.

John and Mary purchased a 10 - year term life insurance policy when they got married, they paid their premiums and kept the same policy in force.

They hit their first big milestone in 1880 when they hit the mark of $ 1 million of life insurance in force.

One of the great things about insurance policies is that when you withdraw cash value from an in - force life insurance policy, you get the benefit of first - in, first - out taxation.

When we say «large insurance companies», this is actually a bit of an understatement because they place billions of dollars of life insurance in force every single year.

So, if there is anyone else in the world that depends on you financially, you would need to have a life insurance policy in place that can not be canceled, that will last, and be IN FORCE when you die whether that's tomorrow or 25 years from noin the world that depends on you financially, you would need to have a life insurance policy in place that can not be canceled, that will last, and be IN FORCE when you die whether that's tomorrow or 25 years from noin place that can not be canceled, that will last, and be IN FORCE when you die whether that's tomorrow or 25 years from noIN FORCE when you die whether that's tomorrow or 25 years from now.

Whole life insurance began as a «term to age 100» life insurance product in response to market demands for an insurance policy that would remain in force for as long as the insured was still alive and that would provide some type of guarantee of benefits when the insured finally did pass away.

Like any life insurance policy, it pays out a death benefit to an appointed beneficiary when you die as long as the policy is in force.

With a term life insurance policy, your named beneficiaries receive a payment if your policy is still in force when you die.

In its most basic sense, life insurance consists of a policy holder paying a premium to an insurance company and in return, the insurance company paying out a death benefit to the beneficiaries of the insured if and when the insured passes away — provided that the policy is in force at the time of the individual's deatIn its most basic sense, life insurance consists of a policy holder paying a premium to an insurance company and in return, the insurance company paying out a death benefit to the beneficiaries of the insured if and when the insured passes away — provided that the policy is in force at the time of the individual's deatin return, the insurance company paying out a death benefit to the beneficiaries of the insured if and when the insured passes away — provided that the policy is in force at the time of the individual's deatin force at the time of the individual's death.

When you have term life insurance and you die while your policy is in force, your beneficiaries will be paid the death benefit.

Typically, when purchasing a level term life insurance policy, the amount of the premium will remain the same throughout the period that the policy is in force.

When planning on purchasing Term life insurance, you have to make sure you are applying for the correct term length so you do not outlive your policy when you still need the coverage in foWhen planning on purchasing Term life insurance, you have to make sure you are applying for the correct term length so you do not outlive your policy when you still need the coverage in fowhen you still need the coverage in force.

You could find yourself with no life insurance when you still need the coverage in force.

Fast forward to today, when Fidelity Life holds in excess of $ 25.6 billion of life insurance foLife holds in excess of $ 25.6 billion of life insurance folife insurance force.

ON YOUR TERMS * If you have kids who are not yet financially independent and your savings aren't big enough to quell concerns, you should get a term insurance even after 50 * Another situation where a term plan could come in handy is when you are officially retired but continue to work owing to financial responsibilities * If you don't want your wife to be dependent on anyone else or forced to lead a frugal life, term insurance could be a good investment for you.

But what about when it comes to your life insurance policy — which you're paying to keep in - force?

Now when you know how check your Postal Life Insurance policy status, and make PLI premium payments online, we would recommend you to consider investing in this policy if you are employees of Defence Services, State Governments, Central Government, Para Military Forces, Nationalized Banks and a host of other state owned departments.

As life insurance specialists for many years, we've discovered way too many times that clients have come to us with old policies that are not set up to maximize tax advantages.In other words, the policy will not protect the policyholder's estate from taxes as intended.Most life insurance agents rarely meet clients requiring life insurance for estate protection, and when they do, they often get excited about their commission potential and take the easy path to place a policy in force.

When you own a whole life insurance policy you can afford to miss a few premiums and the policy will still remain in force.

However, your life insurance remains in force and will pay a lump sum death benefit to your beneficiary when you die.

Insurance Companies: When an insurance company, or an agent trying to sell you a policy, talks about the amount of «in force life insurance» of that particular insurer, they are trying to make you feel confident about the financial strength of the insuranceInsurance Companies: When an insurance company, or an agent trying to sell you a policy, talks about the amount of «in force life insurance» of that particular insurer, they are trying to make you feel confident about the financial strength of the insuranceinsurance company, or an agent trying to sell you a policy, talks about the amount of «in force life insurance» of that particular insurer, they are trying to make you feel confident about the financial strength of the insuranceinsurance» of that particular insurer, they are trying to make you feel confident about the financial strength of the insuranceinsurance company.

If and when a policyholder elects to take the cash value of his whole life insurance policy, the amount he is required to pay taxes on is the difference between the cash value he receives and the total he paid in premiums during the time the policy was in force.

When we put life insurance in force on the two of them he insisted that the bill should come to him.

A life insurance policy provides important protection for your family members and those who rely on you, but that protection is only available when the policy is in force.

However, if you stopped paying on your life insurance policy (policy lapse) and your coverage was not «In Force» when you died, there would be no pay - out..

When the term insurance is going up every year (he calls this the curve), reflecting the true mortality cost, with whole life The Box kicks in and starts paying part of the cost so that insurance will remain in force forever.....

If I buy a term life insurance policy that clearly states in the conversion option that it is convertible to a permanent policy I expect that I have purchased that option when I put the term policy in force.

If you have adequate life insurance in force, but you're concerned whether it covers your new hobby, call the company customer service line and understand before you call that if you took the insurance out at a time when, let's say, you had no plans to take up private aviation, there should be question that you are fully covered for aviation, even if your policy is fairly new and still within the two year contestability period.

My plan for that life insurance policy was just to have some significant coverage in force when I finally quit working that would last long enough for our assets to mature and for us to settle into our new lifestyle as old folks.

Ensure that life insurance is in force that will go to retirement when income replacement is generally a mute point.

When you borrow money from the cash value of life insurance, as long as the contract remains in force, there's no tax.

Then, when you have life insurance in force, do some studying and see how you might change or supplement what you already have.

It wasn't that long ago that some major life insurance companies were fined huge amounts of money because they were using «the list» for annuities but not contacting families when the deceased also had life insurance in force through them.