Sentences with phrase «like other types of life insurance»

Like all other types of life insurance, mortgage protection insurance policies exist to protect family members from struggling financially after the death of a loved one.

Like all other types of life insurance, mortgage protection insurance policies exist to protect family members from struggling financially after the death of a loved -LSB-...]

Burial insurance works much like other types of life insurance in that, in return for the payment of a premium, a benefit is paid out upon the death of the insured.

In many ways, final expense life insurance works just like other types of life insurance coverage in that the policyholder will pay a premium in return for death benefit coverage should the insured pass away while the policy is in force.

Although there is no cash value or investment component associated with term life insurance, the death benefit proceeds from these plans can be used just like any other types of life insurance.

This means that like other types of life insurance, the contract can either be funded by lump sum or series of installment payments.

Return of premium life insurance, or ROP life insurance, is very much like other types of life insurance.

Universal life insurance is a product that, like other types of life insurance, pays a death benefit to a dependent or beneficiary and builds a cash value.

The funds that a beneficiary receives from a funeral insurance policy are typically received free from income taxation, just like other types of life insurance proceeds.

This means that like other types of life insurance, the contract can either be funded by lump sum or series of installment payments.

Like other types of life insurance, the policyholder must qualify first often by having a physical exam, by providing a full medical history, and possibly requiring additional blood work.

In many ways, Final expense insurance works like any other type of life insurance policy in that a premium is paid for the coverage, and then upon the insured's death, the proceeds are paid out to a named beneficiary.

Like any other type of life insurance, term life insurance represents a legal contract between the owner of the policy and the insurance company, and like any type of contract, it has a language of its own.

Just like every other type of life insurance plan, these are going to be a few disadvantages that you should be aware of before you purchase one of these plans.

Burial insurance works primarily just like any other type of life insurance coverage.

Not exact matches

A proper understanding of this fact can diffuse many of the noted objections to whole life insurance, as touted by folks like Dave Ramsey, such as the fact that whole life more costly then other types of permanent life insurance.

Like other types of cash value insurance, whole life is more expensive than term insurance during the early years of your life.

The cash value aspect of whole life insurance is similar to other types of permanent life insurance like universal life insurance and variable life insurance, which all feature cash savings.

And like any other insurance coverage, be it life, auto, health or otherwise, know the type of coverage you're seeking.

A. Just like other types of permanent life insurance policies, you can take a loan from the cash value of a variable life insurance policy.

Be aware though, like many other types of life insurance, mortgage protection insurance may not be available after a certain age.

Like other types of cash value life insurance policies which allow policy loans, most annuity contracts allow owners to borrow against the annuity contract's accumulated cash value.

If you can't get approved for other types of life insurance (like a term policy), a guaranteed - issue policy may be an option.

Just like with other types of permanent life insurance policies, cash can be withdrawn or borrowed from the policy, however, an unpaid balance will be charged against the death benefit should the insured die prior to the money being repaid.

The only other type of «investment product» that returns such poor investment performance; while sucking your money away like cancer running a vacuum cleaner - with their never ending parade of loads, commissions, fees, expenses, and charges - is whole life insurance.

For these folks diagnosed with a condition, like Type 1 diabetes or type 2 diabetes diagnosed at a young age, or some type of congenital heart defect, or one of a hundred other such pre-existing conditions, it may make more sense to lock into a whole life insurance policy when given the chance, rather than take the risk of never being able to qualify for ordinary life insurance again later on in lType 1 diabetes or type 2 diabetes diagnosed at a young age, or some type of congenital heart defect, or one of a hundred other such pre-existing conditions, it may make more sense to lock into a whole life insurance policy when given the chance, rather than take the risk of never being able to qualify for ordinary life insurance again later on in ltype 2 diabetes diagnosed at a young age, or some type of congenital heart defect, or one of a hundred other such pre-existing conditions, it may make more sense to lock into a whole life insurance policy when given the chance, rather than take the risk of never being able to qualify for ordinary life insurance again later on in ltype of congenital heart defect, or one of a hundred other such pre-existing conditions, it may make more sense to lock into a whole life insurance policy when given the chance, rather than take the risk of never being able to qualify for ordinary life insurance again later on in life.

Would you like to learn about a little - known way to save money on your life insurance (and other types of insurance) premiums?

In many ways, Final expense insurance — which is also oftentimes referred to as funeral insurance or burial insurance coverage — works like most other types of life insurance in that, in exchange for a premium payment, a death benefit will be paid out to a named beneficiary (or beneficiaries).

Just like with other types of life insurance coverage, the death benefit proceeds that are received by the named beneficiary are not subject to income tax.

If you were diagnosed after age 40, your type 1 diabetes is well controlled, and you are following your doctor's recommendations, as well as not having other complications from diabetes, like loss of vision, kidney disease, nervous system disease or amputations you should be able to get approved for coverage with a few high quality life insurance companies at a table rating of between 4 - 8.

However, like other types of whole life insurance, you can not withdraw from the cash value during your lifetime, it can only be used to pay premiums or as a death benefit.

Like many other insurance companies, Voya offers several types of universal life product to meet the needs of different people.

As a «Buy Term Invest The Difference» type of company, Primerica only sells term life insurance and actively campaigns against other types of permanent policies like universal life and whole life.

Often, the premiums for this type of insurance can be more expensive than for other insurance types (like term life insurance).

Just like with every other type of life insurance policy, there are pros and cons to a no medical exam plan.

This is because, just like other products and services that you purchase, life insurance coverage can be priced quite differently from one insurance company to another — even for the very same type and amount of protection.

Specialty travel insurance plans are those that cover one - off needs like car rental, term life, and other types of coverage that fill in the gaps between what the traveler already has available to them back home.

Like other types of permanent life insurance, the premium payments you make to your IUL policy have the potential to earn interest and grow the cash value of your policy.

The cash value aspect of whole life insurance is similar to other types of permanent life insurance like universal life insurance and variable life insurance, which all feature cash savings.

Final expense insurance is most often a type of permanent life insurance used to cover medical costs and other end - of - life expenses, most often funeral and burial costs including services, items (like a casket and hearse), and / or cremation.

If you've already got life insurance or you've decided to buy it, you may wonder how to budget a second type of insurance, especially when you consider other monthly bills like car insurance, a car payment, a mortgage, and student loans.

It's similar to other types of permanent life insurance like whole life, universal life, and variable life insurance in that it has a cash value.

Like many other types of life insurance, mortgage protection insurance may not be available after a certain age.

A universal life insurance policy is built to last for the entire lifetime of the insured — and it can also provide more flexibility than some other types of permanent life insurance, like whole life.

In other words, owners of this type of life insurance are having a portion of their premiums go towards things like mutual funds in an effort to maximize their gains in a tax deferred manner.

Life insurance is not location - specific like other types of insurance such as home or car.

The good news is that the types of life insurance policies you find in North Carolina are just like you will find in any other state.

Before you change life insurance review the different types of policy options: Term, Whole Life or other permanent life policies like Universal Life insurance are some of the possibilitlife insurance review the different types of policy options: Term, Whole Life or other permanent life policies like Universal Life insurance are some of the possibilitLife or other permanent life policies like Universal Life insurance are some of the possibilitlife policies like Universal Life insurance are some of the possibilitLife insurance are some of the possibilities.

A universal life insurance policy can be more flexible than some other types of permanent coverage like whole life insurance.

Just like with other types of permanent life insurance policies, the cash that is in the cash value component is allowed to grow on a tax - deferred basis.