Sentences with phrase «life insurance payment period»

The limited pay whole life insurance payment period can range from 10 years to age 100.

Not exact matches

You give an insurance company money in a lump sum or in payments over a period of years, then at retirement, the cash gets «annuitized,» or paid out in a string of payments based on your life expectancy.

After entering into a contract with an insurance company, an investor can receive regular payments for a fixed period of time or for life.

Keep in mind that the shorter the payment period, the higher the cash value growth will be, but the whole life insurance rates you pay will also be higher.

Whereas, a life insurance contract is an asset that is designed (at least traditionally) to provide a death benefit to one's estate, an annuity is centered around converting a lump sum payment (or series of payments) into a stream of income for a fixed period (usually for life).

An immediate annuity is a contract between you and an annuity issuer (an insurance company) to which you pay a single lump sum of cash in exchange for the issuer's promise to make payments to you (or the annuitant) for a fixed period of time or for the life of the annuitant.

Parity Parity price Participating preferred stock Participating (semi-fixed) Trusts Partnership Par value Passive income Pass - through security Payment date P / E ratio Penny stocks PHA Bonds Phantom income Pink sheets Placement Ratio Plan completion life insurance PN Point Portfolio income Position limits Positions book Pot Power of attorney Pre-dispute arbitration clause Preemptive right Preferred stock Preliminary prospectus Preliminary study Preliminary statement Premium Pre-refunding Pre-sale order Price to Earnings ratio Primary distribution Primary market Prime rate Principal Principal stockholder Principal transactions Private placement Private placement memorandum Private securities transaction Proceeds sale Production purchase program Profile Profit - sharing plans Program trading Progressive tax Project note Prospectus Prospectus delivery period Proxy Prudent Man Rule Public float value Public Housing Authority Bonds Public Offering Public offering price Purchaser's representative Put bond Put option Put spread

You can choose whether to receive guaranteed payments for life, for a set period of time — or both.Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims - paying ability and financial strength.

Fixed annuities are tax - deferred * retirement vehicles issued by insurance companies that grow at a guaranteed rate and offer you the opportunity to turn some or all of your savings into guaranteed income payments for life, or for a set period.

You may also want to consider limited pay whole life insurance where you make payments for a specific period of time, say for 7, 10 or 20 years.

The Pennsylvania State insurance code requires that all Pennsylvania Life Insurance companies allow a 30 - day grace period on late insurance code requires that all Pennsylvania Life Insurance companies allow a 30 - day grace period on late Insurance companies allow a 30 - day grace period on late payments.

A contract with a life insurance company that provides a guaranteed stream of income payments for a fixed period of time or life (or both) beginning at a specified date years in the future.

If the insured dies during the «contestability» period of the contract, usually the first two years of the contract's life, payment may be delayed as the insurance company checks the application to make sure there were no inaccuracies, whether intentional or inadvertent.

Annuity: an insurance product that makes monthly payments for a specified period, or for life.

The Vermont State insurance code requires that all Vermont Life Insurance companies allow a 30 - day grace period on late insurance code requires that all Vermont Life Insurance companies allow a 30 - day grace period on late Insurance companies allow a 30 - day grace period on late payments.

Most life insurance policies have a thirty - day grace period within which, the payment can be made without penalty.

Limited Payment Whole Life Insurance allows you to pay premiums for a limited period of time, but still provides lifetime protection.

Most (if not all) «term» life insurance death benefits and premium payments should remain constant during the «term» period.

Adjustable Life Insurance: A form of life insurance which allows the policy owner to change various benefits of the policy including the face amount, the premium amount, the length of coverage and the length of the premium payment perLife Insurance: A form of life insurance which allows the policy owner to change various benefits of the policy including the face amount, the premium amount, the length of coverage and the length of the premium paymenInsurance: A form of life insurance which allows the policy owner to change various benefits of the policy including the face amount, the premium amount, the length of coverage and the length of the premium payment perlife insurance which allows the policy owner to change various benefits of the policy including the face amount, the premium amount, the length of coverage and the length of the premium paymeninsurance which allows the policy owner to change various benefits of the policy including the face amount, the premium amount, the length of coverage and the length of the premium payment period.

If you have chosen this form of life insurance that includes the waiting period, then the beneficiary will only receive the premium payments you have made with interest.

Fixed Period Option A life insurance proceeds settlement option whereby the number of payments is fixed by the policyowner.

Term life insurance typically gives the same amount of coverage for lower premium payments, but it only covers the insured for a set period of time.

Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term.

In sum, if an insurance company rescinds a life insurance policy within the contestability period, the insured may be advised to continue to make payments in the hope that the insurance company will cash them.

Once your life insurance policy has been approved, as long as you make your scheduled life insurance payments, your policy can not be terminated within its term period.

The insurance company charges a higher rate for the life insurance protection so that it can utilize the excess premiums to invest and hopefully earn a rate of return that exceeds the total premium payments over the term period.

A grace period provision is also defined within a life insurance policy that provided for a period of time, usually 30 or 31 days in which an insured must pay a premium payment beyond the date of which the premium is usually due, without losing coverage.

Premiums for these policies are higher than for ordinary life insurance since the premium payments are squeezed into a shorter period.

Wikipedia defines Term Life Insurance as - Life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevInsurance as - Life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevinsurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term.

* The normal premium paying grace period is 31 days for our life insurance, long - term care insurance, disability income insurance, and annuity contracts for which premium payments are required.

Further, the premium payment period often is shorter than the maximum period of life insurance coverage.

The shorter the period between payments for your Kentucky life insurance the greater the amount the premiums will be.

However, if you fail to make the premium payment within the grace period, your term life insurance policy will lapse, and you will need to have it reinstated.

Choosing a renewable or convertible life insurance policy may also protect you from the contestable period in life insurance, which allows payment of the death benefit to potentially be investigated and denied during the contestability period.

One of these provisions is a grace period, which allows a life insurance policy holder 30 days to bring his or her premiums current if a payment is missed, without losing benefits.

Therefore we share with you our definition of it: Limited Pay Life Insurance is a form of life insurance benefits last a lifetime, but whose payments last a shorter period of tLife Insurance is a form of life insurance benefits last a lifetime, but whose payments last a shorter periodInsurance is a form of life insurance benefits last a lifetime, but whose payments last a shorter period of tlife insurance benefits last a lifetime, but whose payments last a shorter periodinsurance benefits last a lifetime, but whose payments last a shorter period of time.

Limited Pay Universal Life insurance policies are policies whose yearly premiums last for the policy payment period and whose death benefit may be sufficient to last your entire lLife insurance policies are policies whose yearly premiums last for the policy payment period and whose death benefit may be sufficient to last your entire lifelife.

Term insurance, or protection only insurance, is the cheapest type of life insurance cover and guarantees a payment of a fixed amount should you die within a specified period or term.

Q: if you surrender your life insurance policy for cash payment, and pass away within just a few days after receiving your check — that you did not cash — is there a grace period for your beneficiary to receive the full amount of your policy?

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The initial (usually) 3 - year period of a life insurance policy is called the contestability period, as during this period suicide and misrepresentation of the information provided (e.g. smoking or heavy drinking when you stated on your application form you don't smoke or drink) can void the payment of the benefits in case of death.

Quite naturally, the period of coverage is predetermined by an individual need for Life Insurance and the death benefit is influenced by potential needs of the family in the event of the insured's death as well as the present day financial obligations, such as mortgage payments or education expenses.

Because it's affordable and the payments can stay the same, term life insurance policies are popular with young people just starting out, families and people who want protection for a specific period of time.

In my experience, it is frequently the case that life insurance companies will accept late premium payments when it suits their financial interest to do so, such as early in the life of the policy, even when the grace period has expired.

Here is a great definition from Wikipedia: term life is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term.

In contrast, to say a 30 - year term life insurance policy, which pays a death benefit only if the insured dies during a specified period of 30 years, a whole life policy provides for the payment of a death benefit regardless of when the death occurs in someone's life.

If the premiums are to be paid only in a specified period it is known as limited payment whole life insurance.

With term life insurance, you'll choose the length you want coverage for and the longer the period is, the more expensive the payments will be.

Level Term Life Insurance DEFINITION: it is a valuable, cost efficient tool that enables the user to insure his or her life in order to provide financial protection for his or her beneficiaries for a guaranteed set period of time, offering a guaranteed death benefit and level premium payment during the tLife Insurance DEFINITION: it is a valuable, cost efficient tool that enables the user to insure his or her life in order to provide financial protection for his or her beneficiaries for a guaranteed set period of time, offering a guaranteed death benefit and level premium payment during the tlife in order to provide financial protection for his or her beneficiaries for a guaranteed set period of time, offering a guaranteed death benefit and level premium payment during the term.

For example, an insured with a variable life insurance policy may decide to reduce monthly premium payments from $ 100 to $ 50 because a major expense may have impeded cash flow for a period of time.