Sentences with phrase «need of a life insurance policy»

If you're in need of a life insurance policy fast, the simplified issue might make the most sense.

Unfortunately, the study found that most of us are in desperate need of a life insurance policy.

Not exact matches

You will also need the more costly cash value policy if you purchase life insurance for the purpose of leaving a charitable legacy, Simmonds said.

While it's always recommended that families meet with a financial advisor to decide what level of life insurance protection would benefit them the most, a supplemental policy could act as a financial safety net, providing much needed normalcy during a very difficult time.

Life expectancy and retirement aside, if you're purchasing a life insurance policy to protect a specific interest — such as a business loan or mortgage — you may also need to think about the potential duration of that need when considering your optiLife expectancy and retirement aside, if you're purchasing a life insurance policy to protect a specific interest — such as a business loan or mortgage — you may also need to think about the potential duration of that need when considering your optilife insurance policy to protect a specific interest — such as a business loan or mortgage — you may also need to think about the potential duration of that need when considering your options.

Another example would be a young widow with small children receiving a lump - sum settlement from her husband's life insurance policy and can not risk losing the principal; although growth would be nice, the need for cash in hand for living expenses is of primary importance.

In addition, term life insurance policies are cheaper than other forms of insurance, so they're usually the best choice if you need a particularly large amount of coverage.

In later life stages, permanent life insurance may offer, depending on the type of policy, the opportunity to accumulate cash value on a tax - deferred accrual basis, money that can be used for diverse needs.

Just make sure that the term policy will definitely cover the entire length of a financial obligation, as you'll have a harder time finding coverage and have to pay higher rates if you still need life insurance at age 80 or 90.

A commonly shared rule of thumb for determining your life insurance needs is to purchase a policy with a death benefit equal to 5 to 10 times your annual income.

Even if you're a stay at home mom, you need to have a life insurance policy for the sake of your family.

In hock to a drug lord, Chris needs money quick and stumbles onto the scheme of hiring a hit man to dispatch his mother, whose $ 50,000 life insurance policy is supposed to go to his sister Dottie (Juno Temple); Dottie will split the money with Chris.

As a result, it is often unclear how much your term life insurance rates will be, how long you are covered under a policy, and the amount of insurance coverage you need.

For example, if you intend to retire at 70 and have determined that you'll need $ 750,000 to cover your family's costs post-retirement, but you're 60 and have only saved $ 600,000, you may choose a term life insurance policy that offers $ 150,000 of coverage should anything happen to you before then.

Claims are paid after death: You need to understand that claims from life insurance policy can only be made upon the death of the insured.

Using the right life insurance quotes website, however, you'll find a select pool of the most affordable policies that meet your needs.

A return of premium life insurance policy can work for someone who can afford paying a little extra each month and wants a relatively low cost forced savings vehicle, but may not be right for someone who just needs a basic term life insurance policy to protect their family and is more budget - sensitive.

Comparing the best life insurance policies can be a challenge because, even if you find a range of appealing quotes online, you'll need to take into account certain factors — such as your job, medical history, lifestyle, or hobbies — that will impact your eligibility for certain rates and how much insurance you require.

You need to take time to really understand the terms of the life insurance policy your insurer presented to you.

Instead of «loan life insurance,» why not consider a general life insurance policy, which can provide your family a means to handle any of your remaining debts and expenses when you pass; rather than being applied to only one specific loan, general life insurance can be used for any expenses your family needs.

No matter what type of life insurance policy you choose, the basic goal is to help your loved pay for their immediate financial needs and other costs in the event of your death.

One of these agents can help you review several home insurance quotes tailored to your real life needs, and select the right policy for you.

Talk to your financial professional about the type of life insurance policy that will meet your needs.

If you have a mortgage and are the primary earner for your family, you would need a much larger life insurance policy than if you just wanted to cover your end - of - life costs.

Start the process by getting a term life insurance quote or you can contact us and we can talk through what type of life insurance is best for your needs, whether that's a term policy, a permanent policy, or owning multiple policies.

The key is to gain the education needed to make an informed decision on the type of policy that is best for you before you decide to buy life insurance.

Thus, term insurance may actually cost you more if you want long - term coverage, since you will need to purchase a series of increasingly expensive policies to maintain coverage throughout your life.

A commonly shared rule of thumb for determining your life insurance needs is to purchase a policy with a death benefit equal to 5 to 10 times your annual income.

Once you know you want to provide benefits to your family upon your passing, and you have chosen to buy a permanent life insurance policy, the next decision you need to make is which type of permanent life insurance best suits your needs.

Life insurance policies have helped many families at a time of need, when a primary income earner dies.

Similarly, many key executive life insurance policies allow you to periodically increase or decrease the policy's limits, as the needs of the company change.

In addition, term life insurance policies are cheaper than other forms of insurance, so they're usually the best choice if you need a particularly large amount of coverage.

There is also an option to convert our term life insurance products to one of our permanent life insurance policies when your needs and budget change.

A Trusted Choice independent agent is ready to help you find the perfect policy for your needs, regardless of whether it is a mortgage life insurance policy or term life coverage.

A Trusted Choice agent can help you analyze your needs and determine if a term policy, a return of premium policy, or even a permanent life insurance policy is the best option for your situation.

You can take out a loan on a life insurance policy's cash surrender value if you're in need of immediate funds.

Even the non-immediate loss of a retirement fund or life insurance policy may not be something you or your family could make for when the time arises that you need it.

I think many people wander around ignorant of the necessity of owning a life insurance policy, but once they are educated and see the need, there is usually a tremendous sense of urgency that is only relieved by their own policy going in force, which provides peace of mind knowing that your family will be financially provided for should you face an untimely demise.

Not only does the single premium option eliminate one of the core benefits of a universal life insurance policy — flexible payments — but you need to confirm if this policy will be a modified endowment contract.

For purposes of this post, it just needs to be understood that we can bridge the deficiency of not having enough coverage in our banking policy with a term rider, which can be used to add convertible term life insurance (which results in an increase to the death benefit).

While it's true life insurance rates go up as a person ages, the odds of your child getting priced out of or denied a policy when they actually need one are slim.

To be sure, the tax advantages combined with the availability of life insurance policy loans to fund various needs and ventures presents an attractive option for policy holders.

You spend countless hours researching the best life insurance companies, narrowing down your select few and the right policy, only to have all your careful planning go up in smoke due to a failure to properly designate your beneficiary or failing to update your policy.The following article will address the various concerns with naming different life insurance beneficiaries that you need to be aware of to avoid sabotaging your legacy.

So rather than choosing a yearly renewable term life insurance policy, choose a 10 year term for the same price over the length of time you need the coverage.

Just make sure that the term policy will definitely cover the entire length of a financial obligation, as you'll have a harder time finding coverage and have to pay higher rates if you still need life insurance at age 80 or 90.

At time of issue you need to pay the insurance carrier an amount equal to the difference in price between the term policy and what the premium payments would have been had you bought a whole life policy in the first place.

Alternatively, consider setting up a cash value life insurance policy with a term rider to get the needed death benefit coverage but with the benefits of cash value life insurance.

Guaranteed issue whole life insurance meets the needs of people with health conditions that would preclude the issuance of a more traditional term or whole life policy.

The other goal of your life insurance policy is to help replace your salary for those that rely on that paycheck for basic needs.

When shopping for Tennessee Life Insurance, you need to be aware that there are certain provisions that vary from state to state, and the Tennessee State Department of Insurance does issue regulations for Tennessee Life Insurance policies pertaining to free - look time frames, illustration requirements, underwriting, and medical exam requirements.