Sentences with phrase «of life insurance as»

We often think of life insurance as a solo experience, the smart choice for the head of a household, or the main family financial supporter.

While more advisors acknowledge the value of life insurance as a distinct asset class within a portfolio, they need to put more emphasis on the product's importance, while continuing to educate consumers about its value.

One example of this in the investment world is the way in which some people attempt to evaluate the use of life insurance as an investment.

While we normally think of life insurance as providing a death benefit, it does provide a very important «living benefit», and that's peace of mind.

Therefore, people use this type of life insurance as an investment vehicle along with taking advantage of the protection it provides their families in the event of an untimely death.

However, in LIMRA's most recent industry survey, 41 % of respondents indicated they didn't have coverage, with the majority citing the cost of life insurance as a top factor.

In a non-guaranteed universal life policy, the insured pays the premium of their life insurance as well as some additional money to «overfund the policy» and build cash value.

You might think of life insurance as a product that replaces your income when you pass away, thus providing support to your dependents.

With universal life insurance, the insured pays the premium of their life insurance as well as some additional money to «overfund the policy» and build a cash value.

It is important for parents who buy their kids this type of life insurance as a banking policy to familiarize themselves with the concept of recapturing debt.

While some pundits and financial entertainers such as Dave Ramsey tend to bash this type of life insurance as too expensive, other experts pinpoint whole life insurance as the most immune from speculative market risks AND the source of massive wealth accumulation for many of America's top banks and corporations.

With non-guaranteed universal life insurance, the insured pays the premium of their life insurance as well as some additional money to «overfund the policy» and build cash value.

In addition to making sure you have the right auto insurance, homeowners insurance or renters insurance (to protect your possessions), and disability insurance in case you can't work, you should make sure you have the right amount of life insurance as well.

As such, think of life insurance as one part of your family financial protection plan: It's there if you need it, but you don't plan to use it — unlike your cash savings or retirement assets, which are meant specifically to fund your happy golden years.

Term plans are purest form of life insurance as it does not build any cash value and maturity benefits.

This is not a type of life insurance as commonly owned as the most basic form of term life insurance, but it is worth mentioning.

Some people withdraw money from the cash value of their life insurance as a way of supplementing retirement income, paying off a large debt, and / or maybe even taking a nice vacation.

One of the most significant benefits of life insurance as part of a comprehensive estate plan is that the insurance provides both liquidity and leverage.

Yet the reality is that in truth, a «life insurance loan» is really just a personal loan made to an individual from a life insurance company, which uses the cash value of the life insurance as collateral for the loan.

You can add in extra money if you want to take advantage of your life insurance as an investment more than the planned premium.

Anyone who has a securities license necessary to market variable contracts is supposed to know that securities laws specifically prohibit discussing variable forms of life insurance as an «investment» or anything other than life insurance.

They are the most affordable form of life insurance as premiums are cheaper compared to other life insurance plans.

We want to raise awareness of life insurance as a necessity in every household by creating a way everyone can understand, afford and attain the right life insurance coverage to protect their financial responsibilities.

Try not to think of life insurance as planning for your death.

This makes term plans the most affordable form of life insurance as premiums are cheaper compared to other life insurance plans.

This combination can be a great way to enjoy the benefits of life insurance as well as a great investment opportunity.

Many think of life insurance as only something income earners buy to protect their families, while this is incredibly important, life insurance has many other uses, including business protection.

Take what you can get, but be careful depending on that form of life insurance as your only life insurance policy.»

While you should think of life insurance as an income replacement, you have to look at the bigger picture and consider everything you need to pay for, including future expenses such as what happens in the next 10 years when your kids start to grow up.

This coverage is less costly than other types of life insurance as there is no cash value build - up.

You should also be aware that if the cost of life insurance as a senior is prohibitive, you can potentially save thousands per year by purchasing a second - to - die policy, which only pays a death benefit upon the second death.

Those who are planning in both the personal or the business area can make use of life insurance as a flexible and beneficial financial tool.

Most people think of life insurance as only insuring a single life.

In 1988, the tax laws were changed to discourage the use of life insurance as a short term savings vehicle.

The late 1700s and early 1800s was a time marked by the low opinion of life insurance as a form of gambling.

This is one of the great advantages of life insurance as it is one of the few items that remain tax - free for most people.

You should think of life insurance as a source of cash needed for expenses for final illnesses, paying taxes, mortgages or other debts.

Both final expense life insurance and guaranteed issue life insurance are more lenient than other types of life insurance as far as who qualifies for them.

Think of life insurance as a financial bridge to your retirement.

People often think of life insurance as an investment.

Some people may think of life insurance as just another expense.

Still, it makes sense to think of life insurance as a financial product and not as a luxury purchase.

The easiest way to determine how much life insurance you need is to think of life insurance as replacing your income if you were not here.

It is an intermediary type of Life Insurance as, on the one hand, it ensures the death benefit to your beneficiaries and, on the other hand, the return of the premium provision is a sort of investment, though it is not sold as investment.

Most people consider the price of the life insurance as the deciding factor on what plan design to apply for.

While many people think of life insurance as a way to protect individuals and their loved ones, it can be just as important to protect the entire family from untimely loss.

Review the options available to you so that you select the type of life insurance as well as the benefit amount that best meets your individual goals and your budget.

Let's consider the «want» side of life insurance as opposed to the «need» side of life insurance for a moment.

As mentioned above I don't think of life insurance as an investment, per se.

If you've thought of life insurance as an extra monthly expense that you can't afford to add, maybe it's time to reconsider.