Sentences with phrase «life insured without»

It is extremely difficult to get someone else's life insured without their consent.

Not exact matches

Additional Insured Rider Provides death benefit coverage on the lives of up to three family members without having to purchase separate policies.

Additional Insured Rider Provides death benefit coverage on the lives of up to three family members without having to purchase separate policies.

This insures that you will not be burdened by debt for too long yet leaves enough income to live on without having to make unreasonable sacrifices.

The primary benefit of a conversion option attached to term life is that the insured can convert the policy without proof of insurability.

At any time until the insured reaches age 70, he or she may be able to convert their term insurance policy over into either a whole life or a universal life insurance policy without having to take a paramedical exam.

Guaranteed Insurability: An insurance policy provision that allows the insured to buy additional fixed amounts of life insurance at fixed time intervals without evidence of insurability.

There is also a conversion privilege where the insured can convert his or her term life policy to another North American Life policy that is permanent — and, they can do so without the need to take a medical examinatlife policy to another North American Life policy that is permanent — and, they can do so without the need to take a medical examinatLife policy that is permanent — and, they can do so without the need to take a medical examination.

If you don't have a great relationship with your older brother and you are now concerned he may be able to buy a life insurance policy on you without you knowing — don't worry — to buy life insurance on someone else you need the proposed insured's consent.

With this policy, the policy owner does have the option of converting the term life insurance policy over to a new permanent life insurance certificate — without having to prove evidence of his or her insurability — until the earlier of the certificate anniversary on which the insured is age 65, or 5 years prior to the end of the initial term period.

Many of the term life insurance policies that are offered through Mass Mutual can be transformed over into permanent life insurance plans, typically without the insured having to take a medical exam or prove insurability.

A convertible term life insurance policy can be converted by the owner into a permanent life insurance policy during a specific period of time, without requiring an exam or proving the insured is healthy.

Few things in life come without downsides, including FHA - insured loans.

Our goal is to insure that the cats brought to us are well suited for a feral lifestyle and have the health and capacity to live without suffering in their colonies.

With variable life insurance, the insured can invest some of their premiums without being taxed on the earning.

If the insured is diagnosed with a life - threatening illness, the Critical Illness Benefit Rider pays out a round figure, without decreasing the death benefit.

The GIO rider allows the insured to buy more life insurance without evidence of insurability at certain ages, or alternatively, on special occasions, such as marriage or the birth or adoption of a child.

A large percentage of these hard times are caused by the main income producer in the family passing away unexpectedly without his or her life and income being insured.

Final expense life insurance — also known as burial insurance — is a type of life insurance protection that is designed to pay out to one's beneficiary so that the cost of the insured's funeral and other related expenses can be paid off quickly, without putting one's survivors into financial hardship.

At the end of the term, the insured may opt to convert the policy into a permanent, universal life insurance policy, without the need to undergo a medical examination.

Self - Insuring for a potential disability is fine if your family can maintain its pre-disability standard of living for as long as you are disabled without the risk of running out of funds.

Convertible Term Insurance is a type of Term Life Insurance which, in accordance with the insured's wishes, can be converted into a Whole Life Insurance policy or a Universal Life Insurance policy without evidence of insurability.

Renewable Term Life Insurance that is in force for a stated period, and can be renewed by the policy holder (or owner) at the end of each term for a limited number of terms without proving insurability of the insured

It would be nearly impossible to buy life insurance on someone without them knowing because most insurance companies will require a medical exam from the insured person.

Adding a child term rider onto your life insurance policy can be an inexpensive solution for parents to insure their children without having to purchase a completely separate life insurance policy.

A grace period provision is also defined within a life insurance policy that provided for a period of time, usually 30 or 31 days in which an insured must pay a premium payment beyond the date of which the premium is usually due, without losing coverage.

Life insurers can't risk insuring someone who may develop life - threatening health conditions due to smoking without charging them more, and a nicotine test helps them double chLife insurers can't risk insuring someone who may develop life - threatening health conditions due to smoking without charging them more, and a nicotine test helps them double chlife - threatening health conditions due to smoking without charging them more, and a nicotine test helps them double check.

The Aegon LifeWoP on Critical Illness Joint Life Rider is available with the plan which promises the waiver of future premiums without affecting the original plan if either of the insured is diagnosed with any of the four covered critical illnesses.

Joint Life, Last Survivor without Return of Purchase Price - Annuity is paid till the demise of the life insured and after that till the death of spouse or the last surviLife, Last Survivor without Return of Purchase Price - Annuity is paid till the demise of the life insured and after that till the death of spouse or the last survilife insured and after that till the death of spouse or the last survivor.

A personal accident policy enables the dependant members of the insured to continue with normal life without much financial burden.

Convertible - Term life insurance coverage that can be converted into permanent insurance regardless of an insured's physical condition and without a medical examination.

So, if a policyholder had purchased a Colony Term universal life 10 policy, and then they decided five years after purchasing it that they wanted to have coverage for the remainder of their lifetime, then the coverage extension feature would have allowed the insured to extend the death benefit protection guarantee to either age 90, age 100, or 105 — and, this could occur without the need for the insured to provide evidence of insurability.

In certain cases, the insurance policy will include a provision that allows the business to change the insured individual, without the need to cancel the existing life insurance plan should there be a change in the company's employees.

Guaranteed Insurability: An insurance policy provision that allows the insured to buy additional fixed amounts of life insurance at fixed time intervals without evidence of insurability.

There is also a conversion privilege where the insured can convert his or her term life policy to another North American Life policy that is permanent — and, they can do so without the need to take a medical examinatlife policy to another North American Life policy that is permanent — and, they can do so without the need to take a medical examinatLife policy that is permanent — and, they can do so without the need to take a medical examination.

If you don't have a great relationship with your older brother and you are now concerned he may be able to buy a life insurance policy on you without you knowing — don't worry — to buy life insurance on someone else you need the proposed insured's consent.

Becoming chronically ill means that the policyholder is not able to perform, without substantial assistance from another person for a period of at least 90 days, at least two out of the six activities of daily living or requires substantial supervision from another person, for a time period of at least 90 consecutive days, to protect the insured from threats to health and safety due to severe cognitive impairment.

Often, insureds are allowed to convert their term life insurance coverage over into a permanent life insurance policy without having to take a medical exam or even provide any additional evidence of insurability.

There are many top life insurance companies that offer final expense insurance coverage — and oftentimes, this type of coverage can be purchased without the insured having to take a medical examination in order to qualify.

With term life insurance, the insured is covered by death benefit protection, without any cash value or savings build up.

This example would have the individual properly insured for the rest of his life without the problem of becoming uninsured.

In some cases, the insured will be able to convert the policy over to a permanent form of life insurance protection — even without having to take a medical examination or to prove evidence of insurability.

The following are not considered a settlement under state insurance regulations: • A loan from an insurer under the terms of the life insurance policy (e.g., a policy loan) • A loan from a third party where the policy's cash value is used as collateral (collateral assignment) • A beneficiary designation without a transfer of value • A beneficiary designation of someone with an insurable interest in the insured

In some cases, a term life insurance policy will offer the option to convert over to permanent life insurance coverage without the insured having to provide evidence of insurability.

For this reason, we often recommend that these clients take advantage of a no medical exam life insurance policy so that they can get fully insured without having to take a medical exam.

There are also many term life insurance policies that can be converted over into a permanent policy — and this can often be done without the insured having to take a medical examination, or even to provide proof of insurability.

It was designed to add flexibility to the payment of specified claims by advancing part of the death benefit if the insured: (a) has been confined to an eligible nursing home for at least 6 months and is expected to be permanently confined; (b) is terminally ill and has a life expectancy of six months or less; or (c) requires an organ transplant and would have only six months or less to live without the transplant procedure.

Some, but not all life insurance companies will insure a child without a medical exam.

This coverage allows the policy owner to purchase additional amounts of insurance on the life of the insured person without evidence of insurability up to a maximum of 5 times.

Conversion — allows insured employees and their dependents to convert their term life insurance to a permanent life policy without evidence of insurability within 31 days of termination from employment.