Sentences with phrase «much higher death benefit»

A premium at that level could be used to purchase a term life insurance policy with a much higher death benefit, but we'll get to that in a minute.

With multiple life insurance carriers providing coverage it can significantly improve your chance at securing a policy with a much higher death benefit than a Guaranteed Issue policy.

For instance, younger workers with small children will generally need a much higher death benefit than older workers without any kids in school.

You can get a much higher death benefit with Universal life than Whole life.

However, the benefit of going with term life insurance is that you can choose a much higher death benefit than is typically available for products with limited underwriting.

Because the risk of insuring these individuals is lower, term life offers a much higher death benefit payment at a much more affordable monthly premium.

However, the benefit of going with term life insurance is that you can choose a much higher death benefit than is typically available for products with limited underwriting.

It also has the benefit of offering much higher death benefits if you have a mortgage or other financial obligation to cover.

Not exact matches

If the death benefit is $ 10 million, the annual premium will be much higher than that of a death benefit of $ 100,000.

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.

Along with a much higher premium, your policy would pay out no death benefit if you died within the first two years.

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.

Policyowners who choose to go this route believe that it's worth it since they know they don't have much time left to live and are willing to pay absurdly high prices to make sure their beneficiaries receive the death benefit, which in this example would be $ 500,000.

Death benefits for your beneficiaries will be much smaller in size, compared to younger policyholders, unless you can pay high premium prices.

They charge you much higher premium and they impose a full two year waiting period before your policy will pay a death benefit.

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.

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.

When you need a very large death benefit to protect the financial future of your loved ones, a term life insurance policy will help you save money over a permanent policy, but once the term period is over, you will have to purchase another policy that will have much higher rates.

Thus, the death benefit will be much higher, ensuring a good financial backup for your loved ones.

Up to 95 % of your death benefit can be accelerated (this is a much higher percentage than most carriers offer).

Since the mortality rate for whole life policyholders is higher than other types of life insurance, and the death benefit and periodic premiums are guaranteed, the premiums for whole life insurance are much higher than term insurance.

Your rates will be higher than if you were younger and in perfect health, but you probably don't need nearly as much death benefit as you did when you were younger — and quite possibly dependent children — to cover.

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).

For example, you'd have a hard time getting a non-medical policy offering much higher than a $ 400,000 death benefit.

Using the proposed premium, the current ledger (a best - case scenario) shows the death benefit and how much cash value the policy could build based on the current policy fees and a high assumed interest or dividend crediting rate.

A full endowment is a with - profits endowment where the basic sum assured is equal to the death benefit at start of policy and, assuming growth, the final payout would be much higher than the sum assured.

You should definitely buy a term plan since the death benefit here is likely to be much higher than the traditional endowment plans you have.

The flipside of a policy conversion is the cost «permanent» life insurance is much higher than term coverage since the life insurer will certainly pay a death benefit at one point.