Sentences with phrase «life insurance portion»

With cash value life insurance a portion of the premium you pay goes to cover the cost of insurance and a portion goes toward a savings account.

Simply put, the exam for life insurance portion of the application process is used to determine if you have any health conditions that could affect your rate class (kind of like a health exam for life insurance).

Some insurance companies use an annual renewable term life insurance component for the term life insurance portion of the contract to encourage individuals to convert their term to permanent policies as the policy gets older.

Inside just the life insurance portion of Nationwide, the diverse choices of products begin with term life insurance.

Just know the idea of bundling won't help you on your life insurance portion.

The life insurance portion is the benefit amount your beneficiaries receive when you die; the investment portion is the portion of your premium that is stored in a cash account.

Or course, we'll be focusing mostly on the life insurance portion.

The life insurance portion of your policy will cover you in the event of death from illness or accident; the AD&D portion of your policy would cover you in the event of an accidental death or dismemberment, which can include loss of a limb, hearing or eyesight.

For financial security, the life insurance portion of estate planning should also consider current debt such as a mortgage or car loan.

So then, why even pay for the life insurance portion of the whole life policy?

However, when you borrow the money based on your cash value, the amount you borrow may reduce the death benefit from the life insurance portion of your policy.

For this Baltimore Life review, we're obviously going to focus on just the life insurance portion, since it's our only focus at this time.

The «cash value» is difference between the amount you've paid in and what's required to cover the life insurance portion.