Sentences with phrase «life insurance premium if»

You are more than likely going to have a higher life insurance premium if an offer is provided.

Return of premium term life insurance (ROP) is a type of life insurance policy that offers a guaranteed refund of the life insurance premiums if you live longer than the term period.

Even if you're not an ideal customer, however, you should still be able to get low rates on your life insurance premiums if you shop carefully among your providers.

If you smoke you can save a lot of money on your life insurance premiums if you quit smoking.

A waiver of premium life insurance policy rider pays your life insurance premiums if you become disabled.

Waiver of premium is an insurance rider that makes to where you stop paying your life insurance premiums if you were to become disabled.

Not exact matches

Although this clause is not automatically included in most modern life insurance policies, you may have to pay a higher premium if you fall into certain high - risk categories.

If you die during the grace period, your beneficiary will receive the full value of the death proceeds of your life insurance policy minus any premium that is owed to your life insurance company.

This clause provides that if the policyholder fails to pay the premiums on a life insurance policy, the insurance company may automatically use the accumulated cash value to pay the premiums.

The paycheck you take home may be further reduced if you contribute funds toward a health or life insurance plan that your employer sponsors, as any premiums you pay will be deducted from your wages.

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.

You wouldn't owe any taxes if the life insurance policy's cash surrender value was less than the amount you had already paid in premiums.

If you have an individual policy, life insurance premiums are not tax deductible.

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 a partial benefit payment is claimed, the life insurance policy can continue with a reduced death benefit and lower premiums.

Return of premium term life insurance (ROP) is a term insurance policy where the insurance carrier will return to you all the premiums you have paid, if you outlive your policy's term length.

Although, if you put down less than 10 %, you have to pay mortgage insurance premiums — a fee that protects the lender if you default — for the life of your loan.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

A return of premium rider is particular to term life insurance products as it allows you to recoup a portion (or all) of the premiums paid if you live past the full term.

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.

Although, if you put down less than 10 %, you have to pay mortgage insurance premiums — a fee that protects the lender if you default — for the life of your loan.

It is highly beneficial to continue paying life insurance premiums even if the insurance policy no longer requires it or it may be paid from the cash value.

If you are an individual purchasing life insurance for yourself, the premiums for such an insurance would not be deductible in your personal tax filings.

If you have a cash value policy and can no longer afford to pay the contract's premiums but still need insurance, for example, your carrier may be able to continue insuring your life by using your policy's cash value to buy term life insurance.

If you have a life insurance policy, and you've been keeping up with your premiums, your insurer will pay out a death benefit when you die.

Those costs may include premiums for home insurance, flood insurance if you live in a flood zone, property taxes, prepaid interest and mortgage insurance premiums.

If you are the majority owner of the company and the firm provides life insurance for a group of employees, as opposed to only you the boss, the premiums may be deductible depending on the specifics of the situation; you should consult a tax specialist before making a final determination on how to account for these premiums for tax purposes.

If I purchase creditor life insurance through you, can I port that insurance to a new lender without having to requalify and lose the premium I'm paying on my current mortgage amount?

The only case in which you'd get cash back from an insurer with a term life insurance policy is if you have a return of premium rider.

Many immigrants aren't aware that if they were living in the U.S. previously, they can use their insurance record there to get significantly lower premiums.

In addition to the interest rate, the APR factors in other finance charges such as, certain loan fees, and mortgage insurance premiums, if applicable, to show the total cost of financing over the scheduled life of the loan.

And you will pay more interest over the life of your loan if you finance your FHA mortgage insurance premium and / or refinance costs than if you pay them in cash.

If you're wondering what life insurance companies offer return of premium policies and riders, be sure to check out our company reviews for the lowdown on all of the policies you can find on PolicyGenius, or talk to one of our licensed experts today.

If you choose to pay your premiums through cheque, please draw the cheque in favour of «BHARTI AXA LIFE INSURANCE COMPANY LIMITED POLICY NUMBER XXXXXXXXXX».

Your premium may increase: Depending on the type of life insurance policy that you buy, don't be surprised if your insurer increases your premium.

If you're considering purchasing term life insurance, you should be aware of several factors that can influence your premiums.

If you're required to purchase life insurance as part of a package when borrowing money for business purposes, you can deduct the cost of the premiums, provided certain criteria are met.

On the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiums.

If you're looking for a set premium because you have a budget or don't trust yourself to invest wisely, whole life may be the best permanent life insurance policy for you.

The benefit of combining the two insurances into one policy is you get life insurance death benefit coverage, help with your long - term care services, cash value growth that can be accessed via policy loans, with full cash surrender value plus return of premium if necessary.

30 - Day Money - Back Guarantee If you are not completely satisfied with your CoverMe Term Life insurance policy, you may return your policy to Manulife within 30 days of the issue date to have your coverage cancelled and your entire premium will be promptly refunded.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

If you are like the majority of people, you overestimate what a typical term life insurance policy premium will cost.

And if you own permanent life insurance, make sure you calculate your premium with the death benefit (the death benefit needs to be part of the calculation).

Return of premium life insurance can be a great way to make sure you have insurance in place for your family in the event the worst happens, and can also fund a nice windfall if you outlive the policy, but an ROP is not for everyone.

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.

If you are like most people, you have probably never heard of return of premium (ROP) term life insurance.

Buy / Sell Agreements: If you are involved in a buy / sell agreement with a business partner, return of premium term life insurance can be a great choice.

A return of premium policy fulfills the life insurance obligation and returns the premiums if one or both of the partners live past the term.