Sentences with phrase «life policy face amount»

The maximum term life policy face amount is $ 100,000.

Not exact matches

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

Upon reaching the target age, the whole life cash value equals the target face amount of the policy.

The Express Track program is available for applicants ages 18 — 60, for face amounts up to $ 1,000,000 on single life policies, including those with a long - term care rider.

If you've insured your life for $ 500,000, this is the face value of your policy — the amount that goes to your beneficiary when you die.

With a life settlement, you agree to sell your policy to a third party for an amount greater than the surrender value but less than the face amount.

In addition, convertible term life insurance allows you to convert all or a portion of your face amount to a permanent policy.

Interest Sensitive Whole LifeSM is a guaranteed fixed premium permanent life insurance policy with a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100.

So, if you had a $ 500,000 death benefit and your insurer capped the amount you could accelerate at «the lesser of $ 250,000 or 75 % of the policy's face value», you could request up to $ 250,000 while still living.

When purchasing life insurance coverage, it is important to determine what type of policy — as well as how much in death benefit (face amount)-- will be right for you and your survivors.

Some life insurance may offer death benefit options, including: a specific benefit that does not vary; a face amount plus the policy value; or the face amount plus premiums paid less withdrawals and loans.

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

This «living benefit» allows the insured to receive 75 percent of the policy's face amount in advance — up to a maximum dollar amount of $ 750,000 — in the event of a terminal illness diagnosis that will likely result in death within 24 months.

If they can't afford the cost of healthcare, housing or long term care, make sure those expenses are calculated into the total face amount of your life insurance policy.

Face Amount: The amount of coverage provided by a life insurance pAmount: The amount of coverage provided by a life insurance pamount of coverage provided by a life insurance policy.

The death benefit can also be defined as the face value or face amount of a life insurance policy.

The payment flexibility you have available with a North American Universal Life policy varies depending on the face amount and its cash value, so you should talk to an insurance agent to understand exactly how flexible your policy can be.

Other details regarding the Foresters Life first level term insurance policy include issue ages of between 18 and 65 and a minimum face amount of $ 50,000.

A type of Permanent Life insurance that gives the policy owner flexibility with regard to the face amount and premium amounts, which can be modified to respond to changing needs and circumstances.

A type of Permanent Life insurance where the face amount of coverage and the premiums are fixed and do not change over the life of the polLife insurance where the face amount of coverage and the premiums are fixed and do not change over the life of the pollife of the policy.

If the policy holder dies during the life of the contract, the beneficiary will receive the face amount of the policy.

And remember to include the face amount of any life insurance policies that you already own or have through your employer since these may pay out at your death.

Policies are available in face amounts typically ranging from several thousand dollars up to a maximum of $ 50,000 or $ 75,000 — much less than a standard life insurance policy.

The premium quoted is for a 35 - year old male, rated select - preferred, paying monthly Check - O - Matic premiums on a Whole Life (AD 116) policy with a $ 250,000 face amount.

The optional CICA benefit is available for fully underwritten term life policies with face amounts from $ 250,000 to $ 5,000,000 for ages 16 - 60.

Results were based on an evaluation of the realized dividends and cash surrender values of a Whole Life policy issued 1/1/82 — 12/31/16 (35 - year old male, $ 250,000 face amount, select preferred rating, annual premium of $ 3,585) and the historical results of the S&P 500 and Bloomberg Barclays US Aggregate Bond Index.

You can see from this life insurance rates table for a 10 - year term policy that the cost ranges from $ 10 per month for a healthy, non-smoking female age 25; to $ 20 per month for a healthy, non-smoking male age 45; to $ 63 per month for a healthy, non-smoking male age 60 for a 10 - year term life insurance policy with a face amount of $ 250,000.

Remember, if you decide that selling a life insurance policy is a good idea for you, the influx of cash you will receive is only a fraction of the face value of the policy and the amount that your beneficiaries would receive upon your death.

If there are any loans against the life policy, then these amounts will reduce the face value of the death benefit when the insured passes away.

An optional add - on life insurance benefit that allows the insured to receive partial payment of the policy's face amount before dying in the case of terminal illness or injury.

A type of permanent life insurance that gives the policy owner flexibility with regard to the face amount and premium amounts.

The amount of your premiums and the face value of your whole life policy are not adjustable should your financial needs change.

Three of the top factors used in evaluating a policy include the face amount (death benefit), the amount of premiums due each year on the policy, and the life expectancy of the insured.

This rider offers an accidental death benefit that is equal to the policy's face amount — and pays out in addition to the whole life insurance benefit if the insured dies as the result of a covered accident.

Term life insurance policies pay the beneficiary the face amount of the life insurance policy if the insured person dies during the term of the policy.

Policies are available in face amounts typically ranging from several thousand dollars up to a maximum of $ 50,000 or $ 75,000 — much less than a standard life insurance policy.

Life Step UL was designed for term conversions or new policies with face amounts as low as $ 50,000.

Globe Whole Life Insurance policy is similar, offering a maximum face amount of $ 50,000.

A life settlement is the sale of an existing life insurance policy to an institutional investor at a price higher than the current cash surrender value, but lower than the face amount of the policy.

However, a Universal Life policy has more flexibility when it comes to payment and face amount.

Generally these can be taken under one of three possible non-forfeiture options: (1) surrender for full cash value; (2) use of the cash value to purchase reduced paid - up life insurance; and (3) use of the cash value to purchase extended term insurance in the full face amount of the original policy for as long as the cash value will pay net premiums.

Candidates for life settlements are typically 65 or older and own a life insurance policy with a face amount in excess of $ 100,000.

Waiver of Premium is not available if the face amount exceeds $ 5 million (this amount is per life, not per policy)

Some no medical life insurance companies are now offering no physical exam life insurance policies with up to $ 1 million in face amount coverage.

The life insurance cash value is the amount of money you are given if you cancel (surrender) the policy before you die, while the face amount (death benefit) is the amount your beneficiaries will be paid upon your death.

The participating dividend paying whole life policy is available with no medical exam for face amounts up to $ 400,000.

A type of Permanent Life insurance that gives the policy owner flexibility with regard to the face amount and premium amounts, which can be modified to respond to changing needs and circumstances.

A type of Permanent Life insurance where the face amount of coverage and the premiums are fixed and do not change over the life of the polLife insurance where the face amount of coverage and the premiums are fixed and do not change over the life of the pollife of the policy.

Adjustable Life Insurance: A form of life insurance which allows the policy owner to change various benefits of the policy including the face amount, the premium amount, the length of coverage and the length of the premium payment perLife Insurance: A form of life insurance which allows the policy owner to change various benefits of the policy including the face amount, the premium amount, the length of coverage and the length of the premium payment perlife insurance which allows the policy owner to change various benefits of the policy including the face amount, the premium amount, the length of coverage and the length of the premium payment period.

Whole Life: A permanent policy that offers a Guaranteed Minimum Cash Value that increases each year and equals the Face Amount at age 100.