Sentences with phrase «of your life insurance policy if»

You may want to make CLSMF the beneficiary of some or all of your life insurance policy if you have grown children and other loved ones who are provided for in other ways in your estate plan.

Term life insurance policies pay the beneficiary the face amount of the life insurance policy if the insured person dies during the term of the policy.

Contingent Beneficiary An individual or entity that is entitled to receive the proceeds of a life insurance policy if the primary beneficiary is not living at the time of the insured's death.

A contingent beneficiary is defined as the person or organization who would receive under the terms of the life insurance policy if the primary beneficiary can not or chooses not to receive the death benefit proceeds.

Speeding tickets, in particular, can double the cost of your life insurance policy if you have several.

Which means that we're going to need to take a look at some «alternative» types of life insurance policies if we want to try and get you insured!

The various ways in which a policy owner may apply the cash value of a life insurance policy if the policy lapses, so that the policy remains valid.

You would be the owner of the life insurance policy if you purchase the coverage and pay the premiums.

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.

If structured correctly, Simmonds explained, the life insurance policy can benefit both you and the recipient of your gift.

Do ask yourself: If today I gave you a check in the amount of the death benefit of the life insurance policy you're considering, would you quit your job and work free for me until you die?

A life insurance policy's cash value is essentially the amount of money you would receive if you decided to give up the policy to the insurer, or surrender your coverage.

Most homeowners and renters insurance policies of parents or guardians will cover their college student's belongings if they live in a dorm room.

They if anything, the insurance policy for the secondary home might be cheaper with a family member living there instead of sitting empty (which is considered more high risk).

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.

No medical exam life insurance policies usually have no waiting period, but the company will investigate the circumstances of your death if it occurs during the first two years of coverage.

If a policyholder is the legal guardian of a sibling they live with, then the policyholder should list the sibling on their renters insurance policy.

If you die during the grace period, your beneficiary will receive the full value of the death proceeds of your life insurance policy minus any premium that is owed to your life insurance company.

If you work for a company that does not offer a qualified retirement plan (or does not offer a life insurance option in an existing plan) or if you have already contributed the maximum amount to your qualified retirement plan, a cash value insurance policy can offer some of the tax benefits of a qualified retirement plaIf you work for a company that does not offer a qualified retirement plan (or does not offer a life insurance option in an existing plan) or if you have already contributed the maximum amount to your qualified retirement plan, a cash value insurance policy can offer some of the tax benefits of a qualified retirement plaif you have already contributed the maximum amount to your qualified retirement plan, a cash value insurance policy can offer some of the tax benefits of a qualified retirement plan.

This means that if you die due to an accident while covered under a life insurance policy with an AD&D rider, your beneficiaries could receive up to twice your face amount — one payout equal to your face amount from the life insurance half of the policy, and another payout from the AD&D rider.

With a guaranteed issue life insurance policy, if you die because of an accident (e.g. a car crash) within the first two years, the full death benefit will be paid to your beneficiaries.

Many life insurance policies come with the option of accelerating a portion of your death benefit if you become terminally or chronically ill.

If you pass away within three years of transferring the life insurance policy to the trust, the policy will likely become part of your estate from a tax perspective.

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.

Return of premium term life insurance (ROP) is a term insurance policy where the insurance carrier will return to you all the premiums you have paid, if you outlive your policy's term length.

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.

Since the growth of your policy's cash value is tax - deferred, variable life insurance might be a good consideration if you've maxed out your retirement account contributions, have a sizable portfolio of more liquid assets (such as in your brokerage and savings accounts), and are looking for an additional investment vehicle that also offers coverage to your dependents should anything happen to you.

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

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.

However, given the complexity of the policy, the additional costs correlated with permanent life insurance policies, and the potential to lose the entirety of the account's cash value, it's not recommended if your primary intent is to provide financial coverage in the case of your death.

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.

If you do not have a life insurance policy, the intended parents provide a policy that covers you for the duration of the pregnancy.

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

Did you know that your life insurance policy could still cover your ex even if you two are divorced and no longer wish to be apart of each other's lives?

If you're the beneficiary of a life insurance policy, you should speak with a certified financial planner who should be able to help you determine whether you'd benefit from converting the life insurance death benefit into an annuity.

If you are not the sole owner of your life insurance policy, obtain the signatures of all of the policy's owners before sending either the completed surrender form or your formal cancellation request to your insurance carrier via certified or registered mail.

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.

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.

The last reason an insurance company might not pay out the death benefit is if you commit suicide within the first two years of taking out the life insurance policy.

Although the contingent beneficiary is named in the life insurance policy, he or she won't receive a portion of the death benefit if any of the primary beneficiaries are still alive.

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the policy.

As an added benefit, the life insurance death benefit of the new hybrid policy would pay off her mortgage if she passed away, assuming she didn't use the policy for long - term care.

While term insurance is great for all of the «what ifs», there is the possibility that you will live past your policy's expiration date.

The only case in which you'd get cash back from an insurer with a term life insurance policy is if you have a return of premium rider.

A life insurance policy's cash value is essentially the amount of money you would receive if you decided to give up the policy to the insurer, or surrender your coverage.

If you're a senior, a life insurance policy can help protect your family members from being stuck with a number of expenses, including funeral costs.

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 windstormIf 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 windstormif your policy has a separate deductible for hurricanes and windstorms.