Sentences with phrase «long as the insurance premium»

Not exact matches

And while not every out - of - pocket health - care expense counts as deductible, long - term care insurance premiums do, with age - based caps on how much you can deduct yearly (see chart below).

As with other whole life insurance policies, guaranteed issue policies will build a cash value over time and coverage lasts as long as you continue to pay the premiumAs with other whole life insurance policies, guaranteed issue policies will build a cash value over time and coverage lasts as long as you continue to pay the premiumas long as you continue to pay the premiumas you continue to pay the premiums.

Cash value life insurance policies are typically permanent, meaning you have coverage for the entirety of your life so long as premiums are paid.

Permanent life insurance refers to a set of life insurance policies that provide coverage for your entire lifespan, so long as premiums are paid.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

Installment lenders can also legally exclude the premiums when calculating the loan's annual percentage rate, as long as the borrower can select the insurer or the insurance products are voluntary — loopholes in the Truth in Lending Act, the federal law that regulates how consumer - finance products are marketed.

Term insurance is for a specific period of time whereas permanent is for life as long as the premiums are paid.

Since whole life insurance is a type of permanent life insurance, you will continue to have coverage for your entire lifetime so long as the premiums are paid.

The employer can deduct life insurance premium payments for up to $ 50,000 of coverage per employee, so long as the employer is not the beneficiary.

But, if you look at insurance more as an investment option and you can afford to the pay the long term premiums, whole life insurance is ideal for you.

Permanent life insurance covers you for your entire life so long as you continue to pay the premiums, and is a category that encompasses several distinct policies.

Medical care expenses are a big category, and you should check out the IRS list of what qualifies, such as fees to doctors, dentists, surgeons, chiropractors, psychiatrists, psychologists and nontraditional medical practitioners, as well as insurance premiums you paid for policies that cover medical care or for a qualified long - term care insurance policy.

The two primary categories of life insurance policy are term and permanent, with term policies only offering coverage for a fixed period of time, while permanent policies last so long as you continue to pay the premiums.

He has supported tax hikes and the Affordable Care Act, which Long said is hurting new Yorkers through higher health insurance premiums even as it has provided coverage to hundreds of thousands who were previously uninsured.

Typically, you're only eligible for the insurance benefits as long as you pay your premium.

On the other hand, as long as premiums are paid, a permanent life insurance policy will always pay out a death benefit since it never expires.

Cash value life insurance policies are typically permanent, meaning you have coverage for the entirety of your life so long as premiums are paid.

Permanent life insurance refers to a set of life insurance policies that provide coverage for your entire lifespan, so long as premiums are paid.

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of time.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

Universal life insurance is a type of permanent life insurance that lasts your entire life, as long as you keep paying premiums to keep it active.

Most come with a mortgage insurance premium (MIP) that can not be canceled as long as you keep the loan.

Whole life insurance is a type of permanent life insurance policy that provides coverage for your entire lifetime, as long as you pay your premiums.

Term life insurance lasts a set number of years and then expires; a whole life policy lasts for as long as you pay the premiums.

is a type of permanent life insurance policy that provides coverage for your entire lifetime, as long as you pay your premiums.

If you were self - employed in 2017, you can deduct premiums you paid for medical and dental insurance, as well as for qualified, long - term care insurance.

As term insurance is a long term product, you must be comfortable with the premium amount charged.

A permanent insurance policy covers you until your death, regardless of age — so long as premium payments are up to date.

Permanent insurance on the other hand, provides a lifetime of coverage as long as you continue to pay the premiums, but it is more costly.

Guaranteed renewable to age 65 simply means, as long as you pay your insurance premiums, the insurance company can not cancel your policy until the policy expiration date.

With Whole Life Insurance, your premium payments will stay the same for as long as you own the policy.

Whole Life Insurance guarantees a minimum death benefit (also known as the face amount), no matter how long you live, as long as premiums are paid.

As with other whole life insurance policies, guaranteed issue policies will build a cash value over time and coverage lasts as long as you continue to pay the premiumAs with other whole life insurance policies, guaranteed issue policies will build a cash value over time and coverage lasts as long as you continue to pay the premiumas long as you continue to pay the premiumas you continue to pay the premiums.

The great thing about a permanent life insurance policy is that as long as you pay your premium, you should never have to worry about being covered.

Permanent life insurance is called such because it is in force permanently (as long as you pay your premium payments).

The employer can deduct life insurance premium payments for up to $ 50,000 of coverage per employee, so long as the employer is not the beneficiary.

In other words, this life insurance will not expire as long as you keep paying the premiums.

Term life insurance is not available as a standalone policy on children (because the term would likely be over by the time they needed income replacement for their own families), but a permanent policy will last their lifetime so long as the premiums are paid.

These tests dictate how much premium can be paid into a policy and how quickly the cash values can build up inside of a cash value policy before the policy is no longer treated as a life insurance policy.

Since whole life insurance is a type of permanent life insurance, you will continue to have coverage for your entire lifetime so long as the premiums are paid.

First, because it is no longer considered life insurance, the policy can be funded with as much premium as you want.

Guaranteed acceptance policies are typically whole life insurance policies, meaning they offer coverage for your lifetime so long as you continue to pay premiums.

The two primary categories of life insurance policy are term and permanent, with term policies only offering coverage for a fixed period of time, while permanent policies last so long as you continue to pay the premiums.

A non-forfeiture benefit option is provided, allowing you to continue your life insurance plan as either extended term insurance or reduced paid - up life insurance if you choose to no longer make premium payments.

Universal life insurance is a form of permanent insurance, meaning coverage can last for your lifetime so long as premiums are paid.

Since a universal life insurance policy's premiums are split between the cost of coverage and the cash value, you can choose how much you pay so long as it falls between the minimum and maximum premium amounts.

Permanent life insurance covers you for your entire life so long as you continue to pay the premiums, and is a category that encompasses several distinct policies.

As long as your premium payments are made as agreed, your insurance coverage lasts throughout your life, and the death benefit is a guaranteed amounAs long as your premium payments are made as agreed, your insurance coverage lasts throughout your life, and the death benefit is a guaranteed amounas your premium payments are made as agreed, your insurance coverage lasts throughout your life, and the death benefit is a guaranteed amounas agreed, your insurance coverage lasts throughout your life, and the death benefit is a guaranteed amount.

Life Insurance is a type of insurance policy that will pay out an amount of money to your beneficiaries when you die as long as the premiums have bInsurance is a type of insurance policy that will pay out an amount of money to your beneficiaries when you die as long as the premiums have binsurance policy that will pay out an amount of money to your beneficiaries when you die as long as the premiums have been paid.