Sentences with phrase «life insurance option if»

But what are your life insurance options if you can't buy the coverage you need?

Below you can read about your life insurance options if you're a cancer survivor or you're currently battling cancer.

Not exact matches

Through employer plans, employees can access group discounts on life and disability insurance that can make it more affordable than if they'd pursued these options on their own.

This option is usually only available with universal life insurance policies and is somewhat risky because your policy will lapse if its cash value reaches zero.

Since there's little cash value component to it, guaranteed universal life insurance is typically the best option if you're interested in permanent coverage without an investment component.

If flexibility is important to you, you may want to consider a combination of whole life insurance with LTC benefits to provide the options you are looking for.

Life expectancy and retirement aside, if you're purchasing a life insurance policy to protect a specific interest — such as a business loan or mortgage — you may also need to think about the potential duration of that need when considering your optiLife expectancy and retirement aside, if you're purchasing a life insurance policy to protect a specific interest — such as a business loan or mortgage — you may also need to think about the potential duration of that need when considering your optilife insurance policy to protect a specific interest — such as a business loan or mortgage — you may also need to think about the potential duration of that need when considering your options.

If you're unable to qualify for fully underwritten life insurance but need over $ 50,000 in coverage, no medical exam term life insurance is your best option.

If you work for a company that does not offer a qualified retirement plan (or does not offer a life insurance option in an existing plan) or if you have already contributed the maximum amount to your qualified retirement plan, a cash value insurance policy can offer some of the tax benefits of a qualified retirement plaIf you work for a company that does not offer a qualified retirement plan (or does not offer a life insurance option in an existing plan) or if you have already contributed the maximum amount to your qualified retirement plan, a cash value insurance policy can offer some of the tax benefits of a qualified retirement plaif you have already contributed the maximum amount to your qualified retirement plan, a cash value insurance policy can offer some of the tax benefits of a qualified retirement plan.

Traditional term life insurance is the best option for most families because of how affordable it is; however, if you can afford to regularly pay the increased ROP premiums without fail, then it's something to be considered.

In general, if you're relatively healthy and wouldn't mind a simple medical exam, traditional life insurance is the better option because it will likely be less expensive than a simplified issue life insurance policy.

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

Term life insurance is an affordable option if you need coverage for 10, 15, 20, 25, or 30 years.

Term life insurance is a great option if you have a particularly large amount of debt or know how long the debt will be outstanding.

But, if you look at insurance more as an investment option and you can afford to the pay the long term premiums, whole life insurance is ideal for you.

Regular term life insurance is the best option for most families because of how affordable it is; however, if you can afford to regularly pay the increased ROP premiums without fail, then it's something to be considered.

If you're unable to qualify for a fully underwritten or simplified issue life insurance policy but still need coverage, guaranteed acceptance whole life insurance is always an option.

If you want coverage for a fixed period of time, such as 10 or 15 years, term life insurance will be your least expensive option, and you can purchase hundreds of thousands of dollars in coverage.

However, if you have certain pre-existing medical conditions, guaranteed whole life insurance may be your best option for coverage.

However, because the premiums for term insurance become more expensive as you get older, cash value insurance, which has level premiums, may be the more economical option if you want coverage throughout your life.

If you live in an earthquake - prone region and have a lot of equity in your home or own it outright then you should, at the very least, be considering earthquake insurance as an option or figure out a Plan B. Make sure you have funds you can turn to if the unthinkable happenIf you live in an earthquake - prone region and have a lot of equity in your home or own it outright then you should, at the very least, be considering earthquake insurance as an option or figure out a Plan B. Make sure you have funds you can turn to if the unthinkable happenif the unthinkable happens.

(Note that you will not have this option if you go directly to a life insurance company or work with a «captive» agent.)

Term life insurance does not accumulate cash value unless you exercise the conversion option, but you can get your money back if you are terminally ill.

If your general health is good, you're more likely to find affordable life insurance options.

You should, however, consider if you might be better served by purchasing a term life insurance policy; this option may be less costly, since whole life insurance is comparatively expensive.

The increased cost of no medical exam whole life insurance means that it's typically only a good option if you know that you would have difficulty getting approved for coverage if you had to take an exam.

If you're unable to qualify for fully underwritten life insurance but need over $ 50,000 in coverage, no medical exam term life insurance is your best option.

More frequently available options include additional protection for valuables, such as jewelry and furs, umbrella insurance, coverage for living expenses if your home is uninhabitable, and insurance for natural disasters, such as earthquakes.

Another popular option is life insurance on your loan, which will repay your loan if you should die before your loan is paid off.

However, if you're a senior and have had a medical condition for over 2 years that's well managed, such as diabetes, their whole life insurance policy is a strong option.

Other options are available if you can not apply for a loan, and they might include a 401 (k) loan from your retirement account or even a life insurance loan.

Even if some policies have a cash - value component, you run into the same problem as other cash - value policies like whole life insurance, where you may end up with a sub-optimal investment option.

However, if you're just in market for life insurance to replace your income, pay off outstanding debt, or financially protect your dependents in the event you die unexpectedly, term life insurance may be a better option for you.

Call Effective Coverage at [phone] or go online where you can chat live with a Virginia Beach renters insurance expert or use our easy and quick self - service options to bind your policy online without ever having to even talk to a real person, if that's your preference.

Now that I've made my case for why I think Han Solo was a term life policy owner, let me suggest what might have happened if he had chosen the better option to invest in life insurance as an asset.

A life insurance company which might sell her an annuity would guarantee payouts, provide protection against civil claims and could, if she chooses that option, guarantee a minimum number of payments to her three grown children, or anyone else for that matter, even if Hilda were to die very soon.

Term life insurance is an affordable option if you need coverage for 10, 15, 20, 25, or 30 years.

Universal life insurance if non-guaranteed only offers a potential return based upon whatever investment option is selected.

So, if you're in relatively good health, fully underwritten life insurance may be a better option for you.

Term life insurance is a great option if you have a particularly large amount of debt or know how long the debt will be outstanding.

If the cost of the condo (HOA, taxes, insurance, etc) and your living expenses without having to make a mortgage payment is still too high, then the reverse mortgage would not be a good option for you because you would only be delaying a problem later if your costs of living still exceed your incomIf the cost of the condo (HOA, taxes, insurance, etc) and your living expenses without having to make a mortgage payment is still too high, then the reverse mortgage would not be a good option for you because you would only be delaying a problem later if your costs of living still exceed your incomif your costs of living still exceed your income.

If you'd like to explore a second to die life insurance option OR any other life insurance strategy as part of your estate plan, reach out and connect with us today!

A Trusted Choice agent can help you analyze your needs and determine if a term policy, a return of premium policy, or even a permanent life insurance policy is the best option for your situation.

So, for example, if you want coverage for a $ 200,000 outstanding mortgage balance and can't qualify for term or no medical exam life insurance, credit life insurance would be your best (and only) option.

If you can not wait to purchase a fully underwritten policy, no exam life insurance may be a good option.

While return of premium life insurance sounds like a no - brainer, there are a number of things to consider that might make it a less desirable option, especially if you are older.

If you become seriously ill, Northwestern Mutual's whole life insurance policies give you the option of receiving your death benefit while still alive.

The only policies not offered by Northwestern Mutual are those with limited underwriting, meaning it doesn't have options if you have significant pre-existing conditions or are looking to purchase life insurance very quickly.

These options have certain consequences that come into play so it's important to work closely with your life insurance agent if you plan on purchasing a permanent policy for your child to make sure you understand the ins and outs of your particular policy.

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