Sentences with phrase «older life insured»

After 60 years of the older life insured, Sum Assured on 2nd death is reduced to the extent of Partial Withdrawals made from 58 years onwards.

Not exact matches

Ironically, people who insure these cars are also typically required to be more than 25 years old — by which time in life few people are accurately described as classic.

It's important to note that if you're trying to insure an older or less healthy employee the cost of key man life insurance can be incredibly high.

Unfortunately, life insurance can be quite expensive, especially if the person being insured is older.

Each year as you grow older, the cost of insuring your life gets more expensive for the life insurance company, This is why the older you are, the more it costs to purchase a term life policy.

So, no matter how old you live to, your life will always be insured.

If you don't have a great relationship with your older brother and you are now concerned he may be able to buy a life insurance policy on you without you knowing — don't worry — to buy life insurance on someone else you need the proposed insured's consent.

And this population was pre-selected — we know sub 70 - 75 yr old insureds aren't that interesting to life settlement purchasers, we know a purchaser's criteria & target return will generally focus them in on a v specific age range, and we know policies were purchased at least 7 yrs ago at this point — all pointing to a tight age distribution arnd current 89 yr avg.

And I see no change in prospects: We're at the end of a long & painful life expectancy adjustment process (in fact, June NAV inc. a meaningful positive LE impact), and the insured are now 91.5 yrs old on average — maturities will inevitably accelerate (peaking in 2019 - 20).

With a paid - up policy, you make payments until a particular age (usually 65 or 70), at which point you are insured for the rest of your life or a very old age like 120.

Life insurance can be hard for seniors to purchase, for pretty obvious reasons — older people are riskier to insure.

The older the insured is, the more valuable the life insurance settlement will be.

A See Through Trust insures that the required minimum distributions can either remain inside the trust (an «accumulation trust»), or be paid out over the oldest trust beneficiary's life expectancy (a «conduit trust»).

● Insureds age 65 or older ● Insureds with life expectancies of less than 12 years ● Insured may have one or more health impairments ● Universal life, term life and 2nd to die policies are most common settled.

With whole life insurance, the premium amount will never increase, and the amount of the death benefit will not decrease — even as the insured gets older (and even if he or she contracts an adverse health issue).

To purchase the rider, the insured must be between the ages of 15 and 55 years old for whole life insurance, and 18 and 55 years old for term insurance.

Note: Life insurance is not to be confused with Medicare Supplement Plans, which covers gaps in medicare coverage for insureds age 65 and older, as well as drug prescription plans and advantage plans.

Because this is a whole life insurance policy, the amount of the premium that is due is also locked in, not to increase — even as the insured gets older, and / or whether or not they contract an adverse health condition.

I had talked to Anthony, my Email is out so please mail me information on life insurance to 609 Bowmansmill RD Berry Ky 41003 we discussed a 20,000 policy I would like information on my wife too I am 60 yrs old she is 56, I am very interested and will be insuring for sure.Hope we can do business Anthony.

This convertible term insurance can be made of use when the person insured is still at a young age where the insurance could still cater for small expense and premature death but as time comes everyone gets older, this convertible term insurance might not be enough to cater the long term needs of the insured so it is of best interest that the policy holder should convert their policy to a more permanent type of insurance such as Universal Life.

* The monthly premium example is for a Protective Custom Choice Universal Life Insurance policy with a $ 100,000 death benefit for a 30 - year - old male insured, Select Preferred underwriting class, with a 10 - year guaranteed initial level benefit period.

So someone diagnosed at age 65 with late onset diabetes is less of a risk for life insurance companies to insure than a 35 - year - old who was diagnosed during adolescence.

It's important to note that if you're trying to insure an older or less healthy employee the cost of key man life insurance can be incredibly high.

With life insurance, as you get older, you're closer to dying so every year you live, you're riskier to insure.

You will have to deal with this condition with any life insurance company willing to insure an 80 - year - old.

Avoiding Tax Trap in the Exchange The very common reason why many policyholders would opt to change their old annuity policy and old life insurance policy in exchange to a new annuity policy and new annuity policy is mainly because a new policy is most likely will perform much better compared to the old policies since nowadays there are already improvements when it comes to mortality which will provide a lower insurance cost, a lesser administration expense on the policy which will provide lower cost, improvements in the said underwriting with lower cost, improvements in the health of the insured which will trigger lower cost, improvements in interest crediting which will perhaps provide higher rates of interest as well as the interest linked in an index and to some cases, a worsened health which may cause higher than the usual annuity payments.

For instance, an 18 - year - old male living in Nevada would pay an average of $ 6,268 a year to insure his sedan if he had the misfortune to grow up there.

In most cases, the premium will remain the same with permanent life insurance — even as the insured gets older, and regardless of whether he or she contracts an adverse health condition.

If you don't have a great relationship with your older brother and you are now concerned he may be able to buy a life insurance policy on you without you knowing — don't worry — to buy life insurance on someone else you need the proposed insured's consent.

Each year as you grow older, the cost of insuring your life gets more expensive for the life insurance company.

Usually, a term to age 70 life insurance policy will have level premiums each year for the first 20 years of coverage, then the premiums gradually increases each year thereafter, until the insured is 70 years old.

Another common question that life agents get about insuring thirty year old women, is How Much Life Insurance Should I life agents get about insuring thirty year old women, is How Much Life Insurance Should I Life Insurance Should I Buy?

As you are 65 years old now, the cost of insuring your life is much higher.

Tenants in 16,252 old, dilapidated buildings in the city will be insured against buildings collapses that claim several lives year after year.

However, the younger and healthier you are when you purchase a life insurance policy, the less it will cost you to be insured when you are older and need it most.

Because this is a whole life insurance plan, once an individual has qualified for the coverage, the amount of the premium can not be increased — even if the insured contracts an adverse health issue, and even as he or she gets older.

The article is interesting because it sets forth the unsavory history of life insurance, such as «feeble, penniless old men» having to auction their policies to speculators so that they could survive, prompting a later reform that insurers must pay a surrender value to insureds with cash value policies.

Benefits of each Travel Insurance Plan are insured by Old Republic Insurance company of Canada and by Reliable Life Insurance Company, in Quebec.

Many term life plans offer coverage until the insured person reaches a certain age — usually age 65, 70 or even 90 years old.

The longer your term period, the higher the annual premium because as you get older, more expensive to insure years are averaged into the term life insurance premium.

Benefits of the Medipac Travel Medical Insurance Plan are insured by Old Republic Insurance Company of Canada and by Reliable Life Insurance Company in Quebec.

Generally, to qualify for a life settlement, you (the insured) must be at least 65 years old, have a life expectancy of 10 to 15 years or less, and a policy death benefit of at least $ 100,000 (in most cases).

Life insurance for example is a great investment because it allows the insured person to save while he is still capable of earning income during his or her lifetime and to reclaim the investments when he or she gets older.

Whole life policies are designed to generate a «cash value» which helps to defray the higher costs for the insurance company as the insured gets older.

The second reason the reinstatement period is very important is that even with the same health rating, a new life insurance policy will always be more expensive than an old policy, because the insured person has aged.

If they do qualify for a new term life insurance policy, the new premium rate is likely to be higher, due to the insured's then - current older age.

The older the insured is, the more valuable the life insurance settlement will be.

A policy with no cash value can become very expensive if the insured person lives to an old age.

In some cases, the accrued loan interest on a life insurance policy is so severe that there's no way to save the situation — necessitating either a surrender of the policy, or perhaps a life settlement sale transaction for an older insured.

Even if an insured person can obtain additional insurance coverage, they may pay a lot more money per unit of coverage than with an older life insurance policy unless they have remained in perfect health throughout their entire life.