Sentences with phrase «mean more life insurance»

By that I mean more life insurance coverage for your dollar.

Not exact matches

Due to the lifetime coverage and cash value, whole life insurance costs considerably more, meaning it can easily come to 10 times the cost of a term policy with the same death benefit.

It is worth noting that while people under age 65 in the U.S. live in a heavily market - dominated economy where poor employment outcomes mean poverty and a lack of access to health care, almost everyone over age 65 has most of their healthcare paid for by Medicare, (a FICA tax financed, single payer system that pays providers more or less the same rates as private insurance companies and has few cost controls), more than half of their nursing home costs paid by Medicaid, (which is stingy in how much it pays providers and moderately means tested), and receives enough of a guaranteed income from the combination of Social Security and SSI payments to keep the poverty rate for people age 65 +, (even if they have no retirement savings of their own), above the poverty line, regardless of the state of the local economy.

And that means they may charge you more, or they may not give you a discount on your life insurance, even though what you're doing is going to make you live longer, so their costs will go down.

Life insurance policies in fact are so popular that earlier the product which was meant simply to provide death benefit, nowadays has started offering many different features which offer growth in investment, an opportunity to invest in the market, investments that are goal oriented and much more.

This long - term focus means mutual life insurance companies usually take a more conservative approach to investing their funds.

This means that if Northwestern Mutual collects more money in a particular year than is spent, the company issues a dividend to this with permanent life insurance policies.

This means that counting all the companies that have been acquired under the Americo banner they have more than 100 years of experience in the life insurance industry.

If you do not qualify for term life insurance, then accidental death insurance may make more sense because it's guarantee issue and means you will not be subject to medical exams or underwriting.

What this means: there are rules in place that ensure the person insured with life insurance is not worth more dead than alive.

Typically as you grow older you have fewer debts and more wealth, which means you won't need as much life insurance.

This means another health exam, and of course your age will be a factor in determining the cost of a new insurance policy — even though term life insurance is cheaper than permanent life insurance, you'll naturally pay more for a term policy today than you would have 5, 10, or 20 years ago, and if you're above a certain age you may have trouble getting a term life policy at all.

The tougher standards could mean you'll pay more for term life insurance.

Because term is so much cheaper than whole life insurance, you can buy a lot more coverage (meaning a larger death benefit) for the same amount of money.

Or you can take the RRIF to an insurance company and buy an annuity that will pay a monthly payment for the rest of your life, meaning no more investment fees.

Asthma is a complex breathing condition and its unfair to quickly summarize its effect on life insurance rates - but in general having asthma will mean paying more for life insurance.

This means if you apply for a specific life insurance policy, no one can sell the same exact policy for more or less than another.

Direct term life insurance seems to have a few different definitions online; however, I think my definition is more accurate to its meaning and more modern.

This is because the applicants for no exam life insurance are usually in poorer health — meaning that the life insurance company is taking on more of a risk with these particular insureds.

All of this means those looking for life insurance after pancreatic cancer will find getting traditional coverage more difficult, as well.

Truth: Unless you can honestly say your gains are equal to or more than your losses, meaning you have the same number of assets as you will spend / need upon death, you will need some sort of life insurance coverage.

Which means we make consider a specific face amount should be enough but in reality that number could change real easy due to inflation and additional liabilities requiring more life insurance in the form of a higher death benefit.

The only other variable is your age which means that the older you are, the more you will pay in terms of taxes on the imputed income life insurance policy.

This means that coverage can be issued much more quickly — often within days as versus weeks, or longer, with traditional life insurance policies.

This means that life insurance for people over 75 will be more expensive than for those age 55 or 65 for some reasons.

Today the marketplace is more competitive than ever, which means many reputable companies are offering affordable life insurance rates for a variety of products to help consumers like you gain valuable protection.

Just because KY residents rank low in the nation for average life span does not mean that you will pay more for your final expense life insurance.

The tougher standards could mean you'll pay more for term life insurance.

Metlife will happily sell you a 10 000 life insurance policy, but doing so would mean your payments will be roughly 300 % more compared to what other companies charge.

While more expensive that term insurance, this type of policy can be advantageous if you expect to need coverage for your entire life and are looking for a means to save money for the future.

Life insurance for children is often marketed to parents or grandparents as a way to save money for kids and to «protect their insurability,» meaning their chance to buy more life insurance later no matter their heaLife insurance for children is often marketed to parents or grandparents as a way to save money for kids and to «protect their insurability,» meaning their chance to buy more life insurance later no matter their healife insurance later no matter their health.

Generally, the more flexibility in premium payments that a life insurance policy provides (meaning, the more or larger premiums you're able to pay and when), the greater your potential for tax - deferred cash accumulation.

Laddering simply means taking advantage of the flexibility of different types or different lengths of life insurance policies to handle more than one affair.

This funding gives them the ability to be more visible than the majority of life insurance agencies around, but that doesn't mean they're the best for each situation, everyone should know to shop around and find what is best for them individually through some of the top rated life insurance companies around.

«More than a life insurance provider, Foresters is a fraternal benefit society which means we're a member - governed organization with no shareholders.»

Therefore, one semester they might be living in a place that is much more prone to robbery than the semester before, and this means that they might want to readjust their renters insurance to cover them a little bit better.

This doesn't mean a life insurance underwriter will look more favorably on a woman with a history of alcoholism, though.

The good news is that life insurance policies do not cancel each other out, which means you can purchase more than one and receive full benefits from both plans.

You are by no means required to switch carriers, but the more options you have, the better your chances are of getting life insurance.

That means more premiums paid and, for the 20 percent of joint policies that are made up of term life insurance, a higher chance that the death benefit won't be paid out at all (because the policies will expire before the policyholders do).

And, yes, buying life insurance later in life means you'll be paying more for coverage based on your age and insurability.

Plus, the cash value aspect means that they can oftentimes get more complicated than they're worth when compared to more straightforward term life insurance policies.

In this easy - to - understand explainer, learn what term and whole life mean, how death benefit payouts work, how life insurance companies make money and more.

Because term is so much cheaper than whole life insurance, you can buy a lot more coverage (meaning a larger death benefit) for the same amount of money.

The underwriting is more lenient than for individual policies, meaning it can sometimes be used by couples to buy life insurance when one half of the couple would otherwise be uninsurable.

Just like with simplified issue life insurance, the lack of insight into your health conditions that a medical exam and interview would provide means that you're going to be paying more for coverage.

Many life insurance companies don't care about medical marijuana as long as you have a prescription — what matters to them more is the underlying condition the marijuana is meant to treat.

Selling life insurance to Millennials means understanding the tendencies of the demographic and adapting to their desire for more digital communication.

This means another health exam, and of course your age will be a factor in determining the cost of a new insurance policy — even though term life insurance is cheaper than permanent life insurance, you'll naturally pay more for a term policy today than you would have 5, 10, or 20 years ago, and if you're above a certain age you may have trouble getting a term life policy at all.

Lower rated companies have a slightly higher risk of going out of business, and while that doesn't mean your life insurance policy will completely disappear (many insurance companies are reinsured by other companies), it does make things a lot more complicated for you.