Sentences with phrase «life insurance purposes»

While some would find this requirement troublesome, undergoing a medical exam for life insurance purposes can mean lower premiums.

As this policy is used for family situations as well as for business life insurance purposes special attention should be given to the 20 year term insurance when requesting your life insurance quotes.

Term plan is only for life insurance purpose, but endowment plan is a combination of insurance + savings.

It affects insurability for permanent life insurance purposes or may contribute to higher life insurance premiums.

As with any kind of life insurance the purpose of Universal Life (UL) insurance is to protect your family.

So if someone 44 years old was born in August and they apply for life insurance in March, that person is one year older for life insurance purposes because they are nearer to turning 45 than 44.

Similarly, diseases and other health issues happen to young people, affecting their insurability for permanent life insurance purposes.

«On the other hand, if the parents point out that the family has a horrific history of medical issues and they're worried about the child's future insurability for life insurance purposes, that would certainly warrant a close scrutiny of life insurance,» he added.

Here are some examples of people who qualify as having insurable interest in you for life insurance purposes.

For life insurance purposes, top rated companies are those which are known to be financially sound and provide the lowest cost life insurance for your particular health, age and height / weight ratio.

In our example above, even if our 50 - year old who had a $ 100,000 policy took out $ 100,000 of long - term care benefits, he would still end up with a $ 10,000 paid up policy for the rest of his life for life insurance purposes.

Age: For life insurance purposes, the age in years of an applicant or insured.

Another niche is that Protective is a great company for people that would generally be considered overweight for life insurance purposes.

For life insurance purposes, a beneficiary has an insurable interest in the insured person when loss of that person would cause the beneficiary to suffer a financial loss.

: For life insurance purposes, the age in years of an applicant or insured.