Sentences with phrase «offers death benefit coverage»

One reason is because term life offers death benefit coverage only, and no additional cash value or savings component.

Whereas a term life policy offers a death benefit for a specific number of years (such as 10, 15 or 20 year term), guaranteed universal life offers death benefit coverage up to a certain age such as 90, 100 or even 121.

While a universal life insurance policy offers both death benefit coverage and cash value, the premium on this type of coverage may be more affordable than that of a whole life insurance policy, depending on the insured's specific parameters.

(This is as versus a term life insurance policy that only offers death benefit coverage without any cash value or savings build up).

Because term life insurance offers death benefit coverage only — without any cash value or savings build up — the premiums can be very affordable.

This type of permanent life insurance policy offers death benefit coverage with the potential to accumulate cash value.

Farmers Simple Term — The Farmers Simple Term plan offers death benefit coverage that starts at $ 75,000, and protection that remains level for 10, 20, or 30 years.

The Express plan offers death benefit coverage that ranges from a low of $ 25,000 and a high of $ 250,000.

Whole life insurance offers death benefit coverage to beneficiaries that gradually reduces the insurer's commitment as the policyholder's cash value builds.

Whole life insurance offers death benefit coverage to beneficiaries that gradually reduces the insurer's commitment as the policyholder's cash value builds.

Whereas a term life policy offers a death benefit for a specific number of years (such as 10, 15 or 20 year term), guaranteed universal life offers death benefit coverage up to a certain age such as 90, 100 or even 121.

This type of permanent life insurance policy offers death benefit coverage with the potential to accumulate cash value.

Whole life insurance offers death benefit coverage that gradually reduces the insurer's commitment as the cash value builds, just like universal life insurance.

Both of these policies are whole life insurance, meaning that they offer death benefit coverage, as well as a cash value component.

Permanent types of life insurance policies offer death benefit coverage, along with a cash value or investment component.

Many final expense life insurance policies offer death benefit coverage, along with cash value.

This means that these policies offer both death benefit coverage, as well as a cash value component.

Not exact matches

If an insurer offers no medical exam coverage with higher death benefits than these, it typically means that the medical exam is conditional upon your responses to health questions.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

Lifetime Provider offers life insurance coverage that provides affordable death benefit protection, offers cash value growth that can help support the death benefit — or help out with life's unexpected events.

Policies offer coverage up to age 121 and can provide hundreds of thousands of dollars in death benefits.

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).

«That way, we can offer them guaranteed death benefit, guaranteed cash value and guaranteed long term care coverage.»

The minimum death benefit for term coverage is $ 25,000 and, depending on your age, MetLife offers the following term lengths and maximum coverage amounts:

Globe Life only offers coverage with no medical exam so, if you're healthy, you'll pay higher rates for the same death benefit than you would at an insurer with full underwriting.

If an insurer offers no medical exam coverage with higher death benefits than these, it typically means that the medical exam is conditional upon your responses to health questions.

Both IUL and VUL policies offer permanent coverage, pay a death benefit, and accumulate cash value.

A permanent policy is typically not the right fit if you're looking to simply acquire financial coverage for your family in the case that you pass away, as term coverage will offer the same death benefit with much lower premiums.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

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).

Policies offer coverage up to age 121 and can provide hundreds of thousands of dollars in death benefits.

Unfortunately, if you have a severe enough pre-existing condition that you wouldn't qualify for non-guaranteed coverage, you're unlikely to find any insurer that offers over $ 50,000 in death benefits.

For example, while most term life insurance policies offer a fixed death benefit for the term length, Banner's term policy lets you combine terms and coverage amounts.

Mutual of Omaha offers convertible term life insurance which allows you to have a large guaranteed death benefit for a lower initial cost than permanent coverage.

If you need a large amount of coverage, simplified issue life insurance isn't ideal for you because most life insurance companies cap the death benefit at $ 100,000 (some companies offer as high as $ 500,000.)

For example, you may want the breadwinner to have more coverage than a stay - at - home spouse, or you may want only one person to have riders that offer extra provisions, like early access to the death benefit.

The site allows you to anonymously compare offerings from several different insurers, and in several different permutations of coverage length and death benefit amount.»

Permanent life insurance coverage offers both death benefit protection and a cash value build up.

For example, their term coverage lets you accelerate death benefits if diagnosed with any of a wide variety of illnesses, while many competitors only offer this ability for the terminally ill.

Lincoln Financial's term life policies offer a guaranteed tax - free death benefit, making them an ideal choice for those looking for coverage over a stated time.

«I often come across people who may prefer the long - term security of a permanent life policy, but they need a bigger death benefit than they can afford,» he said, noting that term life coverage, which offers a bigger benefit for smaller premiums, is generally the better bet in that case.

VantisTerm ROP Life Insurance Coverage — The VantisTerm ROP term life insurance policy is a death benefit only policy that offers coverage for 20 years, 25 years, or 30 years.

Indexed Universal Life (IUL) offers permanent coverage but with flexible premium payments and death benefit.

As the name suggests, this type of coverage offers a death benefit if you die within the covered time period, which could range from one to 30 years.

Offered through The Independent Order of Foresters, SMART Universal Life Insurance provides flexible permanent coverage with both a death benefit and cash value growth.

The life insurance companies also offer solutions such as chronic illness riders AND long term care riders, which allow a portion of the policy death benefit to be used for long term care costs while also preserving a portion of the death benefit coverage.

Universal life insurance is permanent coverage that offers flexible premiums, guaranteed death benefit, and cash value growth.

Available through the workplace, this coverage offers lifetime protection, a tax - free death benefit, and the ability to build cash value.1 And since it's portable, you can take coverage with you when you retire or leave the company.

Term life offers coverage for a set period of time and then expires, and pays a death benefit to beneficiaries if the policyholder dies while the policy is in effect.

Variable universal life insurance is a type of permanent coverage that offers both a death benefit, as well as cash value build up.