Sentences with phrase «of purchasing a life insurance policy»

One advantage of purchasing a life insurance policy from a mutual life company is the strong history of dividend payments paid to policyholders by many of these companies.

This would defeat the whole purpose of purchasing a life insurance policy in the first place.

One of the primary benefits of purchasing a life insurance policy when they are young is that they will always be covered regardless of their future health as long as premiums are being paid.

There are several things that can drive up the cost of purchasing a life insurance policy, including current and past health conditions, your family's medical history and your age.

If you're thinking of purchasing a life insurance policy for a longer term length, think about the future and consider possible long - term financial needs.

However, if the insured dies within 2 years of purchasing the life insurance policy the death benefit paid will only be the amount of premium paid plus any interest on that premium.

The chances of you purchasing another life insurance policy at your age 77 are not very good at all.

When you are in the process of purchasing a life insurance policy, there are many key factors that you should consider before moving forward.

Choosing a beneficiary, and keeping that choice up - to - date, are important parts of purchasing a life insurance policy.

In general, suicide within 2 years of purchasing the life insurance policy is excluded from being paid out.

The most important purpose of purchasing a life insurance policy is to ensure that your family is well taken care of financially if there is a loss of income or an untimely death, which can lead to a financial void and leave your family in an emotional as well as a financial turmoil.This is an important reason why new parents need life insurance.

This is especially true if the insured person dies within two years of purchasing the life insurance policy.

Second, helping our client understand what the process of purchasing a life insurance policy with a pre-existing medical condition will look like.

Moral hazard means the likelihood that a client's behavior will change as a result of purchasing a life insurance policy and that change will increase the chance of a loss.

For this reason, the cost of purchasing a life insurance policy increases as a person's age increases.

Although you may be older and, if not in perfect health, there are still options in terms of purchasing life insurance policies to meet both your needs and your budget.

We always advise our clients to be especially weary of purchasing a life insurance policy that seems too good to be true.

For some, the idea of purchasing a life insurance policy that is set to end at a specific point in time, AKA «term life insurance,» just seems like a total rip off.

The process of purchasing a life insurance policy on the internet is fairly straightforward.

Haven Life offers consumers like you the option of purchasing their life insurance policy direct online today.

After choosing a life insurance policy offered by a particular company, you can request further information through an easy - to - fill request form.Before proceeding with the process of purchasing a life insurance policy, you should estimate the amount of life insurance you will require.

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.

But while the total number of U.S. life insurance policies — bought by both private citizens and employers — is shrinking, standard life plans are still among the most popular form of coverage purchased.

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

Before purchasing a variable universal life insurance policy, you should carefully consider the investment objectives, risks, charges, and expenses of the policy and its underlying investment choices.

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.

With term life insurance, however, the policy is purchase for a set period of time.

Annual renewable term life insurance (ART) is a type of term life insurance policy that allows you to purchase one year of coverage at a time.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

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.

If you're considering permanent life insurance, but are wary of the complexity of the policy and not interested in the cash value or investment benefits, guaranteed universal life insurance is a less expensive way to purchase nearly - lifelong coverage.

You can only purchase a Banner term life insurance policy through age 75, but the insurer is has some of the best rates available, even if you have some medical conditions.

Online Activity in the Life Insurance Purchasing Process Beyond leveraging social media, 87 percent of consumers indicate that during the purchase process they would use the internet to research life insurance, regardless of how they purchase their polLife Insurance Purchasing Process Beyond leveraging social media, 87 percent of consumers indicate that during the purchase process they would use the internet to research life insurance, regardless of how they purchase theiInsurance Purchasing Process Beyond leveraging social media, 87 percent of consumers indicate that during the purchase process they would use the internet to research life insurance, regardless of how they purchase their pollife insurance, regardless of how they purchase theiinsurance, regardless of how they purchase their policy.

If, for example, you received a significant promotion and raise 5 years after purchasing term coverage, you might want to convert to a permanent life insurance policy to take advantage of the tax benefits and receive dividends.

Short term life insurance policies, such as those with 1 - year or 5 - year terms, often have the option of being renewable, meaning that at the end of the term you can purchase the same coverage again without a new application process.

Realizing that such an award would be rejected out of hand by a judge, Sparks moderated her demand, and Payton agreed to contribute $ 5,550 a month in child support, establish a $ 175,000 college trust fund and purchase a $ 1 million life insurance policy naming the child as beneficiary.

Will you beneficiaries have the safety net of cash promised by the term life insurance policy you just purchased?

If you are considering purchasing a life insurance policy, you might be thinking of purchasing a whole life insurance policy.

Therefore, if you are on the younger end of the age spectrum, you might want to consider purchasing something that will be in place for longer, such as a 30 year term policy or permanent life insurance policy.

By purchasing a mortgage insurance product or a life insurance policy, you can effectively plan for the retirement of the mortgage debt when you are unable to continue making payments yourself.

If you are considering purchasing a life insurance policy and you are between the ages of 18 and 49, you might want to consider purchasing a 20 year term life insurance policy.

If you live in one of the states listed below or the District of Columbia and are purchasing a homeowners insurance policy, make sure you are aware if your policy has a separate deductible for hurricanes and windstorms.

Gerber Life's Grow - Up Plan is a whole life insurance policy that you can purchase on your kids, or your grandchild, if they're between the ages of 14 days and 14 years Life's Grow - Up Plan is a whole life insurance policy that you can purchase on your kids, or your grandchild, if they're between the ages of 14 days and 14 years life insurance policy that you can purchase on your kids, or your grandchild, if they're between the ages of 14 days and 14 years old.

If you're purchasing life insurance to help your family with any of these costs, a cheaper term life insurance policy would be a better fit, since the costs would be paid over time.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

While key employee life insurance is usually purchased for high - earners, you should note that the face value of the policy is often limited to a multiple of the insured's income, such as 10X.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

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.