Sentences with phrase «life policies at»

There is no easy distinction of better or worse when you are comparing whole and term life policies at face value.

Buying a series of term life policies at once could cause problems if you don't know what financial obligations you'll have in the future.

You may be juggling quite a few life policies at once - an employee group policy along with an individual policy you've purchased or a policy started for you as a child could all be maintained in your name.

Although this can be somewhat different with various insurers, for some families both the working and non working spouse may each wish to, separately, purchase their own 1000000 term life policies at the same time.

You can own both whole life and term life policies at the same time.

But accelerated underwriting is more like a «fast track» option for regular term life policies at certain insurers.

However, report cards on teacher - preparation programs remain a live policy at the state level.

A Life policy at its most basic level is a contract between you and the insurance company to pay a sum of money to your beneficiaries in the event of your death, to cover expenses and make up for the lack of your income.

This means another health exam, and of course your age will be a factor in determining the cost of a new insurance policy — even though term life insurance is cheaper than permanent life insurance, you'll naturally pay more for a term policy today than you would have 5, 10, or 20 years ago, and if you're above a certain age you may have trouble getting a term life policy at all.

A Life policy at its most basic level is a contract between you and an insurance company to pay a sum of money to your beneficiaries in the event of your death.

In a nutshell, if you put too much $ $ $ into a whole life policy all at once, you lose the tax advantaged growth that is available.

As a secondary focus, sometimes a term life policy rider is added to a policy to add death benefit, rather than adding it to the whole life policy at the expense of cash value accumulation.

For example, a term conversion rider will automatically turn the policy into a whole life policy at the end of the term.

If you decide to purchase term, you may be able to convert it to a more comprehensive whole life policy at a later date.

This means that when a person buys a whole life policy at a young age, they will still pay the same amount of premium when they get older — regardless of their age or health condition.

When that parent makes that choice, sometimes that means that they may be giving up a Group Life policy at work, so that needs to be taken into consideration.

Let's take an example of a 65 year old male at a $ 100,000 Guaranteed Universal Life policy at Standard and Preferred Plus rates:

This allows you the benefits of low cost from the term policy but also may leave the door open for a whole life policy at a later time.

With benefits similar to term, Custom Choice UL ™ offers the flexibility of a universal life policy at rates that are typically less than other types of life insurance on the market.

This means another health exam, and of course your age will be a factor in determining the cost of a new insurance policy — even though term life insurance is cheaper than permanent life insurance, you'll naturally pay more for a term policy today than you would have 5, 10, or 20 years ago, and if you're above a certain age you may have trouble getting a term life policy at all.

A policy add - on that allows policyholders to convert a term life policy to a permanent life policy at or near the end of the term policy's life.

These types of policies offer the advantage of guaranteed level premiums throughout the insured's lifetime at substantially lower premium cost than an equivalent whole life policy at first; the cost of insurance is always increasing as found on the cost index table (usually p. 3 of a contract).

To avoid problems, consider the idea of adding an endorsement to your term life insurance policy that allows you to convert it to a whole life policy at the end of the term, or get a renewable policy.

If you pay - off your loan early, you can cancel the key man life policy at any time.

A 35 Year Old Female buys a $ 500,000 15 year term life policy at a premium of $ 245 per year.

If you have to choose between a long term or a whole life policy at the detriment of the correct face amount, you might want to choose a shorter term policy that allows you to get the necessary face amount.

The first product is a one year annual renewable term life policy at the face amount listed on the policy.

There are two term - life insurance policy types available through Transamerica; Trendsetter Super Series (up to $ 1,000,000 in coverage with a guaranteed premium that is convertible to a whole life policy at the end of the term); and the Trendsetter LB (up to $ 1,000,000 with living benefits option to receive an accelerated death benefit with a qualifying illness while you are still alive).

A 30 year term life insurance plan would be great for your younger years especially if you also purchase a Universal Life policy at the same time.

It is possible that the death benefit in the Whole policy will increase at some point and / or that you will be able to suspend premiums on the whole life policy at some point.

Depending on your age and medical condition, you may not be able to purchase an additional term life policy at a comparable price.

Also, unlike 401 (k) s, IRAs and other retirement plans, you can generally access the cash value of a whole life policy at any time.

For instance, for a 50 year - old, non-smoking male who needs a 10 - year term life policy at a $ 250,000 face value, monthly premiums at preferred rate class would be $ 49.07.

Many policies we have been able to secure for our clients also have convertible riders in them allowing the conversion of the term policy to a whole life policy at a predesignated time.

A Life policy at its most basic level is a contract between you and the insurance company to pay a sum of money to your beneficiaries in the event of your death, to cover expenses and make up for the lack of your income.

In addition, the policy owner can cancel or surrender the whole life policy at any time and receive the accumulated cash value.

Conversion Feature — You also have the option of converting your term policy to a Permanent Life policy at age of 70 or the end of the level term policy.

A Life policy at its most basic level is a contract between you and an insurance company to pay a sum of money to your beneficiaries in the event of your death.

Did you know that you can buy a whole life insurance no medical exam life policy at very affordable rates?

The only aspect about this is the new increased premium for the Universal Life policy at your given age.

Over time, Fred has substantially paid down the mortgage and reduced all other debt to a negligible amount, and decides to convert his term policy to a Universal Life policy at a much lower death benefit.

This is a term life policy at the end of which the policyholder has the option to convert it to a whole life policy and receive guaranteed approval.

This will price the policy for an insured person as if they took out the whole life policy at the age in which they were issued the term policy.

In a nutshell, if you put too much $ $ $ into a whole life policy all at once, you lose the tax advantaged growth that is available.

The advantage of conversion term life insurance is you can get insured at a relatively low cost depending on your age and health that can be converted to a superior whole life or universal life policy at a later time, with no evidence of insurability required, i.e. no health questions or medical exam.

For a whole life policy at $ 600,000, her annual premium comes to about $ 2,079.

This 39 - year - old woman decides for a whole life policy at $ 600,000.

When buying it at a younger age, your insurer will offer you a whole life policy at lower premiums.

In the previous section we look at the example of purchasing a $ 200,000 life insurance policy, either as a whole life policy at $ 2,000 per year, or as a term life policy at $ 250 per year.

Attained age conversion is a point in time on a term life policy when the policyholder has attained the agen where they have the right to convert the term life insurance policy into a permanent whole life or universal life policy at their election and without having to take a paramedical exam.