Sentences with phrase «often purchase life insurance»

A family's primary breadwinner will often purchase life insurance or his or her life to ensure that their family is able to keep their home if they were to pass away prior to the mortgage being paid off.

For example, couples often purchase life insurance coverage when they get married to ensure that the other spouse has the money he or she needs to pay the mortgage of repay other debts.

Not exact matches

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).

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.

Term life insurance is often purchased to cover funeral expenses, mortgage and debt payoff, college education costs, and as income replacement.

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.

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).

This is why we often refer to term life insurance as «renting a death benefit» and highly recommend purchasing convertible term life insurance if you choose to go this route.

Individuals who might not otherwise qualify for life insurance but still want to provide funds to pay for their final expenses often purchase this insurance type.

Not only does Federal law place a limit of $ 50 on any fraudulent purchases but often any outstanding debts would be adequately paid by a Life Insurance policy which would be less expensive and more appropriate if you have a family.

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.

Individuals living in high risk areas often don't have coverage; one must purchase earthquake insurance in addition to their renters or homeowners insurance.

This can provide a great way for individuals to purchase life insurance protection — often at a discounted group price.

However, older adults tend to purchase life insurance more often than very young adults.

You can often save money by purchasing a joint life insurance policy for yourself and your spouse, but this is often only available as permanent coverage.

It's never required for your children to have life insurance but parents or grandparents will often purchase coverage in order to:

Life insurance is often purchased in amounts sufficient to cover the loan amount of a mortgage so that if you die, your beneficiaries will have enough money to pay off the balance.

This type of trust is often established when life insurance is purchased to protect an estate.

This kind of insurance can be purchased as a rider on a life insurance policy, often to increase the death benefit, or as a standalone policy.

It is often said that it is better to be five years too early when purchasing life insurance than five minutes too late.

One of the unfortunate realities surrounding life insurance is that people often purchase policies, then file them away for safekeeping.

This often involves setting up a will / trust and of course purchasing some life insurance.

Here is an often overlooked tip for saving money when purchasing life insurance that adds up over the years.

You can often purchase accidental death life insurance within a mortgage protection or life insurance policy.

This is a life insurance policy that works for every age, but is often purchased by younger policy buyers.

For many consumers, the question about whether to purchase life insurance will often come down to what they know which is often not enough when it comes to determining the cost of these policies.

Life insurance is often used to make sure that the money is available to purchase the business interest at the owner's death.

For business loans that will move quickly through the application process, a no medical life insurance policy is often a great policy to purchase.

For example, final expense life insurance is most often purchased by those who are between the age of 50 and 80 years old — and there are some insurance carriers that may offer final expense insurance to applicants who are older.

In cases like these where the price of a 20 or 30 year term life insurance policy is compared to the price of whole life, it often makes sense to purchase a cash value life insurance for children, which the parent can one day give to their child to take over payments.

For example, with a pre-paid funeral plan — also often referred to as pre-paid funeral insurance — an individual will purchase a life insurance policy to cover their funeral costs.

Many consumers purchase Guaranteed Issue Life Insurance to pay their final expenses and often times they can qualify for less expensive life insurance poliLife Insurance to pay their final expenses and often times they can qualify for less expensive life insuranceInsurance to pay their final expenses and often times they can qualify for less expensive life insurance polilife insuranceinsurance policy..

We'll often get calls from folks asking us about being able to purchase a life insurance policy without having to take a medical exam or answer any medical questions.

Life insurance on the owners is often used to provide the funds to purchase the share from the deceased owner's estate.

Now that we've listed several reasons why someone may be interested in purchasing a whole life insurance policy, it only makes sense that we now talk about the # 1 reason we'll often recommend a cash value whole life insurance policy... which is, it's all the client can qualify for.

The banks will often require you to purchase a business loan collateral life insurance policy.

Here at TermLife2Go, we'll often get calls from self employed individuals looking to purchase a traditional term life insurance or permanent life insurance on themselves to protect their loved ones or business partners in the event that they were to pass away prematurely.

While life insurance is often purchased by the person who will be the insured, it is possible to buy coverage for another individual, including an elderly parent.

Business owners that want to leave a plan in place these are some of the common reasons that people often consider purchasing life insurance.

«Cheap» term life insurance is often purchased because it is the least expensive of all types of policies.

That's why, when you take out a mortgage, the loan officer will often encourage you to purchase life insurance on the loan.

Life insurance is often purchased to replace the income of the breadwinner in a family.

People often delay purchasing life insurance because they think it is more than their budget can handle, and they often overestimate how much it will cost.1 However, term life can be an affordable way to get the coverage that you need.

«Senior life insurance» may be used to describe policies such as burial or final expense insurance which are often purchased by older Americans to cover funeral costs, as well as other final expenses when they die.

Life insurance is often purchased in amounts sufficient to cover the loan amount of a mortgage so that if you die, your beneficiaries will have enough money to pay off the balance.

Sometimes called second - to - die insurance, survivorship life is often purchased by married couples or other pairs of people with insurable interest in each other, and it's generally more affordable than two separate policies.

For those that do, the average amount of coverage is typically small, and often just enough to provide the benefit of covering final expenses.1 The fact is, there are many other benefits to purchasing life insurance for your child, including locking in their future coverage.

Often, more affordable coverage compared to purchasing two individual life insurance policies.

While people often get some life insurance coverage through their employer, many purchase supplemental policies to have coverage tailored to their lifestyle.

Whole life insurance is often purchased in an adult's younger years as it can be expensive, but it also is a policy that can accumulate in value and that will never expire.