Sentences with phrase «life insurance purchased either»
Definition: Key Person Insurance is life insurance purchased by the business organization on the life of the key person or persons, with the organization listed as the beneficiary.
https://realtorlifeinsurance.org/
The amount of premium payable is determined primarily by the amount of life insurance purchased and the risk factors (age, medical history, etc) of the person to be insured under the policy.
The cumulative total amount of reserve (i.e., the guaranteed cash value), including the nonguaranteed cash value of the additional paid - up life insurance purchased each year, starting at the beginning of year two, with the yearly declared paid dividend.
The yearly difference between the gross premium of $ 2,001 and the yearly guaranteed cash value increase and the yearly increase of the nonguaranteed cash value of the additional paid - up life insurance purchased by the yearly declared paid dividend.
Term life insurance is the most popular type of life insurance purchased because it offers the most life insurance protection at the lowest cost.
The most common type of life insurance purchased for a non-working spouse is term life insurance because it provides the largest death benefit for the lowest monthly cost.
Term life insurance is the most popular type of life insurance purchased because it offers the most life insurance protection at the lowest price.
It is the amount of life insurance you purchased.
Level term life insurance purchased privately will keep the same premiums during the length of the term.
The type of life insurance purchased most often by working age people is Term insurance.
The advantage of life insurance purchased through an Irrevocable Life Insurance Trust is that the death benefit will not be subject to estate tax.
Hopefully you have your life insurance purchased or are self insured to avoid leaving the same burden to your children.
David also talks about the return on investment (ROI) for investment - grade life insurance purchased by the young.
The most common type of life insurance purchased for an SBA loan is term life insurance.
Term life insurance is the least expensive and most common type of life insurance purchased for an SBA loan.
Even 76 % of universal life insurance purchased by seniors 65 years or older is not actually held until it matures as a death benefit claim!
Depending on the type of insurance policy, the death benefit may decrease over time, such as with credit life insurance purchased to cover a home mortgage that decreases as the mortgage is paid off.
Term life insurance purchased today can protect your future insurability.
One major drawback of Return of Premium Term Life Insurance is the fact that this type of policy has much higher premiums than level term life insurance, which is the most popular type of term life insurance purchased.
The chart below with 2015 data shows the major and minor reasons at to why owners of life insurance purchased it in the first place.
The Pension Protection Act of 2006, which includes the COLI Best Practices Act, provides provisions which can have widespread implications for key man and / or other types of employer owned life insurance purchased after August 17, 2006.
Life Insurance purchased through AIG Direct is a solid foundation you can build on to help protect your hopes and dreams while helping to provide for your family's financial future.
Key Person insurance is life insurance purchased by the company on the life of an employee or employees whose loss would have adverse effects on the company.
Term life insurance purchased five years ago may not be sufficient to assist in protecting your current financial situation.
Paid Up Additions are additional life insurance purchased through life insurance policy dividends.
On August 17, 2006, President George Bush signed tax legislation containing provisions that significantly impact key man and other employer owned life insurance purchased after August 17, 2006.
The process for buying life insurance depends, partly on the type of life insurance purchased.
Paid Up Additions (PUA) DEFINITION: paid up additional life insurance purchased with additional premiums or dividends, over and above required premiums, that will immediately contribute to your death benefit as well as the cash value of the policy, dollar for dollar, minus any applicable fee.
Some members of the US Navy have life insurance purchased through SGLI (Service Members Group Life Insurance) and will wonder what to do about life insurance after you are eventually discharged.
The Pension Protection Act of 2006, which includes the COLI Best Practices Act, includes provisions that have significant consequences for key man and other employer owned life insurance purchased after August 17, 2006.
Your life insurance premium depends on such personal risk factors as: the amount of life insurance purchased, whether you have used tobacco products, your age and your gender, and your answers to a few brief questions regarding your medical history.
The concept is all about discounts that are given to batches of life insurance purchased.
To support the war effort Monumental Life insurance purchased 2.9 million in U.S. treasury bills and invested $ 4.5 million in war - related manufacturing companies.
The amount of life insurance purchased and the term length purchased often are decided based on how much cash a family may require to live on after your death, how much cash will be needed to pay off debts so that a survivor could support the family and more.
The tables below show the average premium rates for term life insurance purchased by people between the ages of 25 and 59, sorted by the coverage amount.
While you should always check with your tax professional, life insurance purchased on a key individual, with premiums paid by the business and the business named as beneficiary, can be a tax deductible expense for the business.
By far, the most common type of life insurance purchased is on a single individual.
VGLI is group life insurance purchased from a commercial life insurance company by VA..
Key Executive / Person Insurance Life insurance purchased by a business on a valuable employee (or owner - employee) to indemnify the business against the potential financial loss that would result in the event of that individual's death.
Business Life Insurance: Life insurance purchased for business rather than personal purposes.
In most cases, life insurance purchased with after - tax dollars isn't taxable to you or beneficiaries, with a few exceptions such as interest on installment payouts, some cash withdrawals, or policy surrenders.
Group whole life insurance — Group life insurance purchased for the life of the policyholder.
Paid - Up Additions Amounts of life insurance purchased either by policy dividends or by additional premium, and added to the original life insurance policy to increase the death benefit and cash values.
Low cost Term life insurance is by far the most common form of life insurance purchased in America.
Life insurance purchased by a company or investor on the life of a key executive.
Our cost of life insurance infographic shows that you can pay up to 17 times more for life insurance purchased from a car yard than you would if you bought standard life insurance from a life insurance company or super fund.
Business Life Insurance: Life insurance purchased for business rather than personal purposes.
David also talks about the return on investment (ROI) for investment - grade life insurance purchased by the young.
Life insurance purchased today can also protect your future insurability.
Sixty - seven percent of Millennials use comparison / quoting websites as part of the life insurance purchase process, compared with 45 percent of Gen X and 28 percent of Boomers.