Sentences with phrase «low face value policies»

Transamerica also offers low face value policies for those looking to cover final expenses.

Not exact matches

No medical exam life insurance policies are term life insurance policies, often with a relatively low face value.

These policies tend to be less expensive as they have a low face value and are designed to cover end - of - life costs.

This type of policies tend to have very low face values as it is only designed to cover Burial and other final expenses.

You may have group life insurance through work, but the face value of employer - based policies is generally low — typically one or two times your annual salary.

The other catch with a no - exam policy is they have a lower death benefit or face value.

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.

Guaranteed issue coverage policies generally have a lower face value, but they provide coverage to all applicants without requiring a medical exam or medical history.

In this case, we structured the policy for max - cash dump in, and minimum face value, with the goal of getting the policy costs as low as possible.

While standard whole life insurance policies can provide funeral and burial coverage, final expense no medical insurance policies provide superior coverage given the facts they contain a lower face value than traditional life insurance policies.

No medical exam policies often have lower face values, but can be purchased for larger amounts, such as $ 250,000 to $ 500,000.

Another condition of guaranteed issue life insurance is the lower face values life insurance companies offer on these policies.

With benefits being paid tax free, m any people purchase a term life insurance policy with a low face value, specifically to cover funeral expenses.

These policies offer lower premiums to holders, while maintaining the same face value, which can give customers greater flexibility and control of their coverage and benefits.

If the purpose of the insurance is to pay off a business loan in the event of the untimely death of the principal, or to provide for any other temporary need, a 20 or 30 year term would be very low cost for high face value policies.

You may be able to convert the policy to a lower face value if you don't need as much as you did once, and yet not lose the cash already in the policy.

This insurance category has no cash value, but can have a significantly higher face value for lower premiums than an equivalent permanent life insurance policy.

If you purchase a variable life insurance policy with a $ 250,000 face value, your death benefit could be lower or higher based on how the investments your policy is tied to perform over time.

To help prepare for life's unexpected expenses, the Farmers Graded Benefit Whole Life is a life insurance policy for those who want permanent insurance coverage with guaranteed cash values and guaranteed level premiums with a lower face amount.

Final expense insurance, also known as burial insurance or funeral insurance, is a life insurance policy with a low face value, such as $ 5,000 to $ 50,000, that you buy directly from an insurance company.

These are often low to moderate face value whole life insurance policies, allowing senior citizens to purchase affordable insurance later in life.

Option A is often referred to as a «level death benefit»; death benefits remain level for the life of the insured, and premiums are lower than policies with Option B death benefits, which pay the policy's cash value — i.e., a face amount plus earnings / interest.

During a 60 - day window following the 20th policy anniversary, the surrender value will be the lesser of 100 % of the premiums paid ¹ or 30 % of the lowest face amount ².

If you're seeking such a policy with a low face value, you may not even be asked to undergo an examination.

If you already have a term life insurance AD&D this insurance policy can be added on top as a low - cost addition / endorsement / rider and pays out twice the face value of the death benefit to your beneficiaries.

To help prepare for life's unexpected expenses, Graded Benefit Whole Life is a life insurance policy for those who want permanent insurance coverage with guaranteed cash values and guaranteed level premiums with a lower face amount.

Typically, these policies have much lower face values and easier approval procedures in comparison to standard life insurance policies.

A viator with longer to live receives a lower percentage of the policy's face value than one expected to pass away within weeks or months.

Compared to other types of insurance, guaranteed - issue policies have a lower face value (usually less than $ 25,000).

The face value is lower than other policies — guaranteed issue life insurance policies are really only designed to cover final expenses.

Many companies allow existing policyowners to exchange their existing low loan rate policies for new adjustable loan rate policies with favorable terms or conditions such as enhanced cash value schedules, higher face amounts, a higher dividend classification, and lower than normal upfront exchange fees.

Final expense insurance, also known as burial insurance or funeral insurance, is typically a small cash value whole life insurance policy with a face amount from as low as $ 1,000, all the way up to $ 100,000.

Most people are able to qualify for these types of policies, but the upper limit for the face value of the policy is typically low.

The face value of the policy can not be lower than the amount purchased, but it can be higher if there is a cash value in the account after you die.