Sentences with phrase «life insurance purposes because»

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.

Not exact matches

Homeowners insurance premiums usually can not be deducted from a tax return because most people only use their home for personal purposes — they live in it.

A related reason why a mutual life insurance company is preferable is because excess profits are NOT used for purposes that do not benefit the policy holders, such as large executive bonuses AND a conflict could arise if a stock company is concerned.

This can be an especially good purpose for a mortgage life insurance policy, because employer plans generally do not provide enough coverage to provide for many of your family's needs upon your death.

If you receive an email from Life Insurance By Jeff it is because (1) you expressly shared your email address with us for the purpose of receiving information in the future (also known as «opt - in»), or (2) you have purchased from us or have a current relationship with us.

Because of that, permanent life insurance policies are often used as financial planning tools that can serve many more purposes than just simply paying out a death benefit.

You're in luck, because there's a life insurance policy that's specifically for that purpose.

Another reason why a mutual life insurance company is ideal for our purposes is because excess profits are NOT used for purposes that do not benefit the policy holders — for things like large executive bonuses.

The main purpose of the legal reserve is to provide lifetime protection, but because more money is collected in premiums in the early years of a policy than is needed to cover the mortality charge, level - premium policies develop a cash value, which the policyholder can borrow against, or can surrender the policy for its cash value if the policyholder no longer wishes to continue the life insurance policy.

Because the death benefit is paid out only after both insureds have died, there are very specific purposes that survivorship life insurance is typically used for that may include:

The ONLY useful purpose of insurances is to cover extremely rare events that cost really a lot and that can ruin your life because they are so expensive.

You're in luck, because there's a life insurance policy that's specifically for that purpose.

Because of this, term life insurance is also known as «pure life insurance»: Its only purpose is to insure individuals against the loss of life, and all premiums paid are used to cover the cost of insurance protection.

Because term life insurance is more affordable than whole life insurance, those who purchase whole life insurance generally do so with a specific purpose or goal in mind.

Homeowners insurance premiums usually can not be deducted from a tax return because most people only use their home for personal purposes — they live in it.

This is because the proceeds from a life insurance policy can be used for any number of purposes, such as paying off debts, ensuring ongoing income for survivors, and / or providing a legacy for those who you love and care about.

Special needs trusts, in my opinion, may also be called a life insurance trust, because they are created with the express purpose of using a cash value life insurance plan to fund them.

Because of the potential risk that may be involved, it is important that an individual carefully assess their risk tolerance, as well as their purpose for the coverage, when considering the purchase of a variable life insurance policy.

That's because the proceeds from life insurance coverage may be used by loved ones and survivors for many different purposes, such as paying off debt, continuing to pay ongoing living expenses, and / or for keeping promises such as ensuring that a child or a grandchild has the funds that they need to attend college in the future.

While those agents that hang their hat on those other products will claim that they are better because they have cash value, that is only true if your purpose is to buy an investment and not life insurance.

Instead, it is necessary to specifically request a version of the life insurance policy that can accept an incoming loan — which at many companies, are dubbed «life insurance loan rescue policies» because they are used for this exact purpose.

Another reason why a mutual life insurance company is ideal for our purposes is because excess profits are NOT used for purposes that do not benefit the policy holders — for things like large executive bonuses.

In addition, because different types of life insurance serve different purposes, and have different costs, drawbacks, and benefits, it is important to understand how you needs are likely to change over time.

A related reason why a mutual life insurance company is preferable is because excess profits are NOT used for purposes that do not benefit the policy holders, such as large executive bonuses AND a conflict could arise if a stock company is concerned.

Reliance Online Term is simple life protection product that serves two very important purposes: one, it offers an adequate insurance cover that is within an Indian's reach and two, it allows every Indian to buy it because of its minimal costing.

These plans are actually recommended for everyone because they are a full combination of one's life insurance plus they serve the investment purpose.

Because many seniors apply for final expense life insurance coverage, these plans will not usually require a medical exam to be taken for the purpose of qualifying for coverage.

This can be an especially good purpose for a mortgage life insurance policy, because employer plans generally do not provide enough coverage to provide for many of your family's needs upon your death.

Because of that, a term life policy would have a lower cost, and stands apart from the permanent insurance used for other purposes.