Sentences with phrase «life insurance policies purchased»

Will many people be satisfied with their final expense life insurance policies purchased from United Home Life?

According to a study performed on behalf of The Insurance Information Institute, 97 % of term life insurance policies purchased by Americans in 2003 were level term life insurance.

Contact your loved one's employer for any group life coverage or other term life insurance policies purchased through work.

Term life insurance policies purchased today come with an excellent conversion feature.

Insurance Fact: Based on a study conducted by the Insurance Information Institute in 2003, 97 % percent of all term life insurance policies purchased were level term life insurance.

Dead peasant insurance is a slang term used to describe life insurance policies purchased by businesses on the lives of their ordinary employees for the express benefit of the company.

Dead peasant life insurance has led to many class action lawsuits against companies abusing this strategy of purchasing corporate owned life insurance, also known as COLI, on its non-key employees and has also led to the IRS establishing specific guidelines and requirements for all employer owned life insurance policies purchased after August 17, 2006.

Most life insurance policies purchased through employers are term policies that provide coverage only during the time of employment, but sometimes an individual will continue the policy after leaving the company.

As such, whole life insurance policies purchased to avoid the estate tax may seem obsolete for anyone with an estate worth less than $ 11 million — and some estate planners have called on people to sell those policies.

A: As of August 2006, there are IRS reporting requirements for all business owned life insurance policies purchased from that date forward.

Likewise, life insurance policies purchased with a spouse is another leading reason why policyholders sell their life insurance.

Individual life insurance policy purchased by the business owner on behalf of select key employees.

When you reach a certain age or have retired you may not need that Term Life Insurance Policy you purchased 20 years ago.

In addition, the life insurance policy purchased needs to be big enough to offer the surviving spouse and equal or greater income, once annuitized.

This means that the life insurance policy purchased to fund the death portion of the buy - sell agreement can not be transferred to the disabled owner or dropped until the end of the installment period, because the death benefit will be needed to complete the transaction in the event of death during the buyout period.

The most common life insurance policy purchased in an ILIT is a second - to - die or survivorship life insurance policy.

A traditional whole life insurance policy purchased at 40, keeps the death benefit in force beyond age 70, as long as premiums are paid (dashed - blue, then solid - blue line).

Depending on the life insurance policy you purchased, the death benefit can be fixed or variable.

It is very important to get the exact specifics of the life insurance policy purchased when signing a life insurance contract so that you don't end up with surprises, or have a claim denied.

Free Look Period: The period of time given to a policy owner to decide if they want to keep the life insurance policy they purchased.

Before the internet, it would take up to 6 - 8 weeks to go through the entire life insurance policy purchasing process, which included a visit to your home by a life insurance agent, a medical exam, and waiting weeks to find out if you passed the exam, and if the insurance company accepted you for coverage.

Contact Quotacy if you need any help changing a life insurance policy you purchased through us.

The parameters of the return of premium feature will vary depending on the term life insurance policy you purchase.

A life insurance policy purchased to cover members of a group, most often offered to a group of employees working for a business.

You can take this time to review your life insurance policy, ask your life insurance agent or insurance company any questions you have about your policy, and decide whether the life insurance policy you purchased is right for you.

Last, the cost of a life insurance policy purchased through your employer is often much cheaper, and many are free.

This is to ensure that the life insurance policy purchased is a good investment that will in return make good profits.

A life insurance policy purchased earlier in life will generally be much less expensive than a policy purchased in the later years of life.

A life insurance policy purchased on the private market will stay with you.

A special needs trust is usually funded by a life insurance policy purchased by the parent or guardian of the child with special needs.

Not exact matches

You will also need the more costly cash value policy if you purchase life insurance for the purpose of leaving a charitable legacy, Simmonds said.

«First, purchase an investment - oriented life - insurance policy with funds from your qualified pension or profit - sharing plan,» says Cohen.

But while the total number of U.S. life insurance policies — bought by both private citizens and employers — is shrinking, standard life plans are still among the most popular form of coverage purchased.

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

Similarly, if you have a participating whole life insurance policy from a mutual insurer, you can also use any dividends you receive to purchase paid - up additions.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

AD&D insurance can be purchased as a standalone policy or as a rider to another life insurance policy, such as term life insurance.

Before purchasing a variable universal life insurance policy, you should carefully consider the investment objectives, risks, charges, and expenses of the policy and its underlying investment choices.

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.

With term life insurance, however, the policy is purchase for a set period of time.

A life insurance trust is a trust that has the power to purchase life insurance policies on the person who establishes the trust (the grantor), the grantor's spouse, or the trust...

Mortgage life insurance quotes are more expensive for healthy homeowners because most policies don't require you to get a medical exam prior to purchase.

Annual renewable term life insurance (ART) is a type of term life insurance policy that allows you to purchase one year of coverage at a time.

We recommend that you don't purchase credit life insurance and, if you're concerned about debts being passed on, purchase a term life insurance policy instead.

Whole life insurance policies are generally more expensive than alternatives, such as term life insurance, and the death benefit directly impacts that cost, so it's important to evaluate your family's needs before deciding to purchase.

A whole life insurance policy may be purchased to supplement term life insurance to cover final expenses, protect a special needs child, or to provide tax advantages for large estates.

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.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).