Sentences with phrase «life insurance policy for up»

If eligible at the end of the term it may be converted to permanent life insurance policy for up to five (5) times the original amount regardless of their current health status.

Yes, many people choose to buy a large term life insurance policy for up to 30 years of coverage while they are young and the rates are low for the maximum amount of protection for their growing family.

If eligible, at the end of the term period the benefit may be converted to a qualified permanent life insurance policy for up to five times the original amount, regardless of the child's current health.

For example, New York Life offers guaranteed acceptance whole life insurance policies for up to $ 15,000 for consumers ages 50 - 80.

Not exact matches

This includes having an updated will and making sure your beneficiaries for financial assets — retirement accounts and life insurance policies — are up to date.

Genworth Financial (GNW), which provides life and long - term care insurance, screwed up a while back when it began selling policies to cover medical expenses in old age: It did not charge nearly enough for them.

In Killer Joe dimestore drug dealer Chris puts a hit out on his mother for her life insurance policy and offers up his sister to the hitman as collateral.

Killer Joe, originally written for the stage in 1993, isn't Letts's most mature work but it has a barbed narrative hook: Up to his beady little eyeballs in debt, Lone Star state wastrel Chris (Emile Hirsch) contrives to have his mother killed for her life - insurance policy.

If the author wants to provide for his kin after is death, he can take up a life insurance policy like any other working stiff.

You can purchase a whole life insurance policy up to age 70 for $ 50,000 death benefit.

While Gerber heavily markets their Grow - Up and College Plans for children, the company's adult and senior life insurance policies are of higher value.

It's true that you may end up paying more for a life insurance policy than someone without diabetes, but it's going to depend on your overall health assessment.

A life insurance cash value policy can help you build up a substantial savings over time and can be especially advantageous if you aren't very investment savvy or have difficulty saving money for your retirement.

The life insurance cash value is the amount of money you have built up through your premium and investment interest for the length of time you have owned the policy.

Due to the fact that Peter decided to use a whole life insurance policy to fund the college education for his children, he now has a decent cash value saved up.

When you apply for life insurance with us, we are up front and honest about your policy and show you the financial strength ratings when it's time to make your decision.

Single - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of your life.

For that reason, you are much more likely to be accepted for a debt consolidation loan if you've put up a significant asset, such as a retirement fund, a vehicle, life insurance policy, or your hoFor that reason, you are much more likely to be accepted for a debt consolidation loan if you've put up a significant asset, such as a retirement fund, a vehicle, life insurance policy, or your hofor a debt consolidation loan if you've put up a significant asset, such as a retirement fund, a vehicle, life insurance policy, or your home.

And while perhaps not as exciting an investment as individual stocks or mutual funds, the flexibility of these policies in regard to withdrawing funds, along with their tax - favored nature, makes them worthy of consideration by investors who are looking for a means of building up additional savings, especially if they are also looking for life insurance coverage.

These are different from paid - up insurance, however, in that the life insurance is only in force for the duration of the term specified in the policy.

For maximum whole life insurance cash value growth, choosing the paid - up additions option, which purchases additional paid - up insurance, will further enhance your policy's cash value and grow your death benefit.

Initially, the premiums paid on cash value insurance, such as whole life insurance rates, are higher than those associated with term insurance, given that term insurance payments are used just to pay for current insurance coverage and not to build up cash value in the policy.

Here is the basic premise of this article: a properly set up cash value life insurance policy can create incredible life giving benefits presently and down the road for your child.

What that means for you is that your term life insurance policy is guaranteed up to a certain amount, even if your provider goes out of business.

With a cash value life insurance policy, the part of the premium that is not used for the cost of insurance is invested by the company and builds up cash value.

However, many permanent policies have a sizeable amount of cash value accumulation, particularly policies that employ the use of a paid up additions rider for reinvesting life insurance policy dividends.

With flexible requirements on the paid up additions options, the policy provides early high cash value surrender values, making Penn Mutual's whole life policy a top contender for anyone looking for the best cash value whole life insurance.

Note: Go over your policy with your agent and make sure your policy includes all the bells and whistles you originally applied for, including any paid up addition riders or life insurance supplement riders.

In addition, you can qualify for up to a $ 400,000 no medical exam whole life insurance policy thanks to Foresters unique non-medical underwriting.

A 30 - year policy life insurance term policy lines up with a 30 - year mortgage, and may make sense for you.

In reality, a properly designed whole life policy, blended with term insurance and paid - up additions, carries a very low commission for the agent in comparison to ordinary life insurance.

For the non-finance people and beginners out there, how should we go ahead with such plans and know what to invest so that we will not end up worse than what we could have had from insurance companies (the surrender value) if we hadn't signed up for term insurance, ie, signed up whole life, limited premium, ILP policies insteFor the non-finance people and beginners out there, how should we go ahead with such plans and know what to invest so that we will not end up worse than what we could have had from insurance companies (the surrender value) if we hadn't signed up for term insurance, ie, signed up whole life, limited premium, ILP policies instefor term insurance, ie, signed up whole life, limited premium, ILP policies instead?

A Life policy at its most basic level is a contract between you and the insurance company to pay a sum of money to your beneficiaries in the event of your death, to cover expenses and make up for the lack of your income.

For example, with Banner Life Insurance Company's term policy, individuals can apply up to age 95.

The MSO, available for an additional fee, offers growth potential (up to a cap) as well as some downside protection, which may help you to address volatility concerns in your variable life insurance policy.

In general, life insurance policy cash value can be used to supercharge the life insurance policy through paid up additions AND the cash can later be freely utilized to take advantage of other investments through life insurance policy loans, allowing for maximum financial leverage and the velocity of money.

For it to be paid out, the policy must be in force, with all life insurance premiums paid up to the time of death.

For example, you might use the infinite banking concept ®, and paid up additions, to create a life insurance policy that is designed to build cash values in a tax advantaged environment.

A life insurance policy provides death benefits for spouses in the form of financial assistance to make up for the loss of income after a loved one passes away.

This type of life insurance policy allows those with disposable cash to pay a lump sum into a life policy for a death benefit that will be paid up until the insured dies.

There are many insurance and financial professionals who suggest that those who purchase a Term Life policy can make up for the investment component of a Permanent Life insurance policy by investing the cost savings between the two on their own.

This means that the additional living expenses the family incurs over and above their normal cost of living are paid by the insurance, up to the policy limit for that coverage.

A key advantage of an ILIT as compared to personally owning the insurance policy is that if the trust is set up and administered correctly, the assets owned by the ILIT will not be considered part of your estate for federal inheritance / estate tax purposes — meaning your heirs won't have to pay estate or inheritance taxes on the life insurance death benefits that are paid.

These policies are designed for people who only need a small amount of life insurance to pick up some of the smaller bills left behind.

For starters, there are fewer personalization options and, typically, alumni life insurance policies are only offered for five - year terms, meaning your premiums would go up after that tiFor starters, there are fewer personalization options and, typically, alumni life insurance policies are only offered for five - year terms, meaning your premiums would go up after that tifor five - year terms, meaning your premiums would go up after that time.

In addition, people up to age 95 can apply for a Banner Life term policy, which is nearly unheard of in the insurance industry (most other insurers cap applicants at age 65 or 75).

A whole life insurance policy can be a great investment if you have trouble saving money, are not savvy when it comes to the stock market, or are just a very cautious investor who doesn't have the stomach for the ups and downs of equities.

Sure, the shopping process can get a little complicated, especially if your health situation is a little complicated, but at the end of the day, term life insurance is made up of three basic components: your coverage (also known as your death benefit), your term (how long the policy lasts), and your premium (how much you're paying for it).

You can do the legwork yourself to come up with the best possible option for your situation, but an even better way to proceed is with the help of an experienced, unbiased and knowledgeable life insurance agent who understands the nature of the various types of policies that are available.

That said, life insurance without a medical exam does serve a purpose, and it is still a valuable investment for those who understand what they're signing up for and stand to benefit from the specialized coverages that these policies provide.