Sentences with phrase «on a term life policy»

The truth is you can usually get a better price on the term life policy by shopping all of the insurance companies that are available in your area.

Monthly premiums on a term life policy can be very reasonable for the amount of protection you can get, especially if you're young and lead a healthy lifestyle.

You are likely still supporting dependents, paying down the mortgage, and continuing premium payments on a term life policy, for example.

If, however, cost is a major issue and you're unable to get individual critical illness coverage, then having it available on your term life policy doesn't hurt.

Getting quotes on a term life policy is often quick and easy and may not even require a health examination.

I believe we will see more companies are offering these added benefits as a free rider on term life policies.

That will certainly be the case if you invest the money that you save on a term life policy, as calculated above.

On average, a life insurance company may expect to pay out a death claim on a term life policy for about 1 out of every 100 people insured.

Call now and save up to 70 % on your term life policy compared to the same coverage through other carriers.

In this blog post I'll tell you a bit about the company, and some unique riders and options they offer on their term life policies.

Traditional life insurance plans are usually based on term life policies or whole life policies.

Another option for finding discounts on your term life policy is by comparing term life insurance rates among several of the leading term life insurance carriers.

Therefore, you stand to get a much better rate on your term life policy if you apply when you're young and healthy because insurance providers see you as a lower risk.

Wouldn't it be nice if you could reduce coverage on your term life policy and save some money?

One of the best ways to save money on a term life policy is to buy it when you are healthy.

Prices have been steadily decreasing on term life policies and it can easily be compared on the basis of price alone.

In order to speed up the time in underwriting, as well as to cut underwriting costs, many top - rated life insurers have opted to forgo the medical exam on term life policies that have death benefits of up to $ 1,000,000.

If one stops paying on a term life policy, the coverage is simply forfeited.

With Erie, there is oftentimes no medical exam required on its term life policies of up to $ 90,000 in death benefit protection.

The most important event you want to eliminate is outliving the term period on a Term life policy.

Policy Conversion — Available on all term life policies allows you to convert to a permanent policy such as universal life with no further medical requirements.

Once the term of coverage has elapsed, the insured on a term life policy will need to obtain a new policy if he or she wants to remain insured.

Transamerica offers reasonable prices on term life policies from 10 to 30 years of coverage.

Attained age conversion is a point in time on a term life policy when the policyholder has attained the agen where they have the right to convert the term life insurance policy into a permanent whole life or universal life policy at their election and without having to take a paramedical exam.

However, the odds may be even less, since many people either choose to stop paying the premiums on their term life policy before their coverage ends, cancel their coverage, or outlive the duration of their policy term.

If one stops paying on a term life policy, the coverage is simply forfeited.

According to the Insurance Information Institute (III), your life insurance coverage may lapse if you miss a premium payment on a term life policy.

Most life insurance companies include a rider on their term life policies that allows the payment of a portion of the policy death benefit to be paid to the policy beneficiary (s) in the event the primary insured is diagnosed as terminally ill by a practicing, licensed physician.

They are hands down the best insurance company for low prices on a term life policy and you'll often find career agents with Northwestern Mutual, New York Life, or Mass Mutual using Banner as their term life product of choice when writing business outside of their core companies.

In order to speed up the time in underwriting, as well as to cut underwriting costs, many top rated life insurers have opted to forgo the medical exam on term life policies that have death benefits of up to $ 250,000.

MetLife, which provided insurance for General Electric Co., then the parent company of NBC, paid Bloom's wife, Melanie, $ 2.9 million on his term life policy.

A senior can usually choose a certain time frame, or «term,» on their term life policy.

In order for a death benefit to be paid out on a term life policy the insured must pass away during the «Term» of the policy.