Sentences with phrase «longest duration of coverage»

The longest duration of coverage for term life is usually 30 years with most insurance carriers.

If a permanent policy is out of budget, but you still required a longer duration of coverage than a 10 year term, it may be a good idea to check out a Term - to - 90, or Universal Life to 90 type of option.

The longer the duration of your coverage, the greater is the risk undertaken by the insurance company.

Not exact matches

Waiver of Premium: A particularly effective rider for business owners under the age of 60, the WoP rider kicks in if you are disabled, waiving all premiums due on your policy for the entire duration of the coverage, or until you are no longer disabled.

If one of these durations is long enough for you, and you're not concerned about outliving the coverage, then term insurance may be perfect for you.

Someone who is 50 or 55 is a lot less likely to need this type of coverage, as a long duration term would probably be cheaper, but if you are 65 to 75 and need more than 10 years of death benefit, it's a consideration.

By purchasing a policy today, you can save money in the long term and secure coverage for the duration of your policy term.

Note: If a trip begins during the coverage period of your Multi-Trip plan but will extend beyond the expiry date, you can purchase top - up coverage for any travel days that fall after the expiry date or you can purchase a new CoverMe Travel Insurance Multi-Trip plan for the next 365 - day period as long as the total duration of the trip does not exceed the maximum trip - length you chose when you purchased the Multi-Trip plan.

With this coverage, policyholders are allowed to select the coverage amount, how long they want to pay premiums and the duration of the death benefit guarantee.

Note: If a trip begins during the coverage period of your Multi-Trip plan but will extend beyond the expiry date, you can purchase top - up coverage for any travel days that fall after the expiry date or you can purchase a new CoverMe Travel Insurance Multi-Trip plan for the next 365 - day period as long as the total duration of the trip does not exceed the maximum trip length you chose when you purchased the Multi-Trip plan.

Multitrip travel insurance provides medical coverage while on any number of trips, as long as each trip duration does not exceed the maximum allowed by the insurance plan, typically 30 days or 45 days.

There are many times when a person might need coverage to last as long they live, and a defined duration term won't meet the true nature of their insurance need.

It combines elements of Traditional Life Insurance, Accidental Death and Dismemberment coverage, and Long - Term Care protection under one policy that offers guaranteed coverage over the duration of your tenure in the military.

While many travel insurance plans deliver health insurance - like coverage for the duration of the travel plan, it's not 100 % health insurance unless you take out long - term travel medical coverage.

«In a market that is experiencing double - digit rate increases, allowing short - term, limited - duration insurance to cover longer periods gives Americans options and could be the difference between someone getting coverage or going without coverage at all,» said Seema Verma, administrator of the Centers for Medicare & Medicaid Services.

The duration of coverage for long - term missionary travel plans is usually one year, and missionaries have to renew their policies once a year.

Just like a whole life insurance policy, you are guaranteed coverage for the duration of your life as long as you pay the premium.

How long coverage under a term policy will continue will depend on the type of and duration of the term policy you purchase.

Keep in mind, the longer your «term» or «duration» for coverage, the higher your annual cost of insurance, because your probability of passing away during the longer term of coverage increases.

Throughout the duration of the policy, the premiums will remain exactly the same as will the coverage as long as you pay all premiums.

The term or duration of your term life coverage does make a difference in the probability of your death, since the longer the term, the greater the chance you will pass away while covered by your term life insurance policy.

Whole life coverage provides you with lifetime protection for as long as you live, while term insurance lasts for the duration of the policy term up to 30 years.

If you will buy a life insurance policy at the age of 25, then you can enjoy the coverage benefits for a longer duration say for almost 45 years where as if you buy a life insurance policy at the age of 35, your coverage period will be less than 35 years (in both cases the maximum maturity age of the plan being 70 years).