Sentences with phrase «much death benefit coverage»

If you find that you no longer need as much death benefit coverage, you can adjust the face amount down.

Also, you may not need as much death benefit coverage later in life, so you are OK with a decreased death benefit.

We can also show you how the quoting process works, and give more focus on the details such as what type of life insurance policy is right for you, how much death benefit coverage you need for your survivors and their needs, and which of the many available life insurance carriers will be able to serve you best.

We can also show you how the quoting process works, and give more focus on the details such as what type of life insurance policy is right for you, how much death benefit coverage you need for your survivors and their needs, and which of the many available life insurance carriers will be able to serve you best.

Also, you may not need as much death benefit coverage later in life, so you are OK with a decreased death benefit.

Not exact matches

How much coverage is necessary to ensure your children receive the proper post secondary education from your death benefit?

If stay - at - home parents have life insurance coverage and pass away, the life insurance death benefit would allow the surviving spouse to take much needed time off work to spend with the children and help pay for services that the stay - at - home parent lovingly provided.

A permanent policy is typically not the right fit if you're looking to simply acquire financial coverage for your family in the case that you pass away, as term coverage will offer the same death benefit with much lower premiums.

When purchasing life insurance coverage, it is important to determine what type of policy — as well as how much in death benefit (face amount)-- will be right for you and your survivors.

How much coverage you desire — in other words, the amount of the death benefit you select — will also impact the cost.

Variable life insurance premiums are much more expensive for the same death benefit coverage than term life insurance, which covers you for a set period of time — usually while you have dependents.

Universal Life Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash value.

You can receive much more than $ 250,000 worth of coverage by opening an account with a death benefit to your spouse, or by opening an account for your child.

A beneficiary designation form is a legal document and will be used by the insurer to determine who will receive the death benefit if you pass away during the period of coverage (as well as how much they will receive).

Sure, the shopping process can get a little complicated, especially if your health situation is a little complicated, but at the end of the day, term life insurance is made up of three basic components: your coverage (also known as your death benefit), your term (how long the policy lasts), and your premium (how much you're paying for it).

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.

If your diabetes isn't controlled, you may have to look at a guaranteed issue life insurance policy which often comes with much higher premiums for your coverage with a lower total death benefit.

Our Diplomat Long Term plan provides Accident and Sickness medical coverage, Accidental Death and Dismemberment benefits, Travel Assistance and much more.

Of course it follows that Universal policies cost much more than term because they provide lifetime coverage, death benefits and guaranteed cash value accumulation.

Essentially, you have to decide how much coverage you need for death benefits which can range from $ 100,000 (or lower) to $ 5 million plus.

These policies are much more flexible than Whole life because they allow you to adjust your premiums, death benefits or coverage.

Our Diplomat America plan provides Accident and Sickness medical coverage, Accidental Death and Dismemberment benefits, Travel Assistance and much more.

If circumstances change and you no longer need as much coverage, the death benefit amount can be reduced, which will lower premiums.

The same money spent on term coverage will get you much more death benefit than a permanent life insurance policy.

Due to the flexibility of variable life, however, this type of policy can allow policy holders to obtain a much higher rate of return on invested funds, while at the same time getting the protection of a guaranteed amount of death benefit coverage.

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 policy will tell you how much coverage you purchased, how much your premiums are, and the ways in which a beneficiary becomes eligible to claim the death benefit when you die.

Variable life insurance premiums are much more expensive for the same death benefit coverage than term life insurance, which covers you for a set period of time — usually while you have dependents.

With term life insurance, there is death benefit coverage only, without any type of cash value or savings build up — and because of that, term life insurance can often be much more affordable than a comparable permanent life insurance policy option (with all other factors being equal).

A death benefit, also known as the coverage amount, is how much will payout upon the death of the insured person.

In Florida, PIP coverage pays for 80 percent of medical bills; 60 percent of lost wages; and $ 5,000 in death benefits (which is not much consolation, if you die.)

It's just that such life insurance coverage offers lean benefits packages, much leaner death benefit payment sums, non-flexible policy options and severely restricted terms of coverage.

Also, the amount of death benefit coverage found through AARP tends to be much lower than that of other term policies.

If having maximum access to as much money as possible in case of Terminal illness is important to you, we can discuss various companies» specific Accelerated Death Benefit Rider (also known as Terminal Illness Rider) policies with you when we help you compare term life rates and apply for coverage.

How much cash value a whole life insurance policy can build depends on such factors as your age, how long you've owned the policy, the policy's coverage amount (death benefit), and whether there's any outstanding debt from loans against the policy.

Determining the optimal level of death benefit can be a tricky decision, and there are no hard and fast rules when it comes to determining how much life insurance coverage is enough.

Coverage limits for high accident insurance plans may be as much as $ 100 million and, depending on the plan, may include benefits such as accidental death, loss of one or more limbs, emergency medical evacuation, coma and paralysis coverage, and felonious assault coverage.

However, when purchasing this type of coverage, it is important to have a good understanding of how — and how much of — the death benefit will be paid out.

How much coverage you desire — in other words, the amount of the death benefit you select — will also impact the cost.

If the balance on your mortgage is only $ 14,242 when you die, and the death benefit is over $ 500,000, you may have been paying too much for more coverage than you need.

As a rider you can attach to a life insurance policy, the Guaranteed Insurability option allows you to increase the coverage amount on specific dates or to choose an entirely new policy based on your original life insurance health rate class.You will be limited on how much you can get, but typically the maximum amount will be twice your original death benefit, up to $ 125,000.

Americo offers as much as one fourth million dollars in death benefit without even going through an exam, along with other term policies with as high as $ 400,000 in coverage.

A permanent policy is typically not the right fit if you're looking to simply acquire financial coverage for your family in the case that you pass away, as term coverage will offer the same death benefit with much lower premiums.

Much like the accelerated death benefit rider, the critical illness will give you a proton of your coverage amount, except in the event of a critical illness.

He adds: «If you get into your 30s and 40s and don't need that much coverage, you can always call and reduce your death benefit, and the insurance company will reduce the premium.»

You choose a death benefit — how much money your heirs would be paid when you die — and a «term» of how long you want the coverage to stay in place.

The «good» news of surrendering PUAs is that because that portion of the coverage is already paid up, its cash value tends to be high relative to the death benefit, which means the policyowner can give up less death benefit to get much more cash value out (at least compared to a partial surrender of the underlying policy itself).

This coverage is considered to be more flexible than whole life insurance coverage, however, because the policyholder can decide how much of the premium goes into the cash value component of the policy and how much goes towards the death benefit (within certain parameters).

It would be beneficial also to have a policy which may allow you to reduce the death benefit / insurance premium (what you're paying) in the future when your outstanding mortgage has reduced to the point where you wouldn't need as much coverage.

In recent years, guaranteed universal life insurance policies have become much more desirable than traditional universal life insurance due to the guaranteed death benefit and level cost of coverage they offer.