Sentences with phrase «on the life insurance policy when»

If you have certain hereditary illnesses in your family or have concerns for your child's health early on, it's much easier for your child to get a fair price on a life insurance policy when they purchase it before adulthood.

The beneficiary makes a claim to the insurer on the life insurance policy when the insured person passes away.

Not exact matches

Please note that when you borrow money from a life insurance policy, it doesn't show up as income and has no impact on financial aid or the tax rate on Social Security benefits.

There was also the news that Tangie had taken out a $ 200,000 insurance policy on her life when she was married to Bennie, who was the beneficiary.

When Larry, a widower, learns he can not name his children as beneficiaries on his life insurance policy, he needs a big favor from Chuck: Sign on as Larry's domestic partner.

When you compare permanent life insurance quotes, the policies you compare must be based on your specific needs.

In a nutshell, while most whole life insurance is fixated on maximizing the death benefit of a policy and just allowing cash values to grow over time, strategic self banking focuses on maximizing life insurance cash values, so the whole life insurance plan can be used strategically as a savings and personal financing vehicle for the purpose of recapturing your cost of capital incurred when having to deal with third party lenders or using your own cash.

Your home and retirement accounts will be counted when your estate is valued for tax purposes, and proceeds from your life insurance could be counted, too, depending on how the policy is owned and who gets the money.

When assessing an insurance policy in a situation like yours, I like to look at the expected «return» on the policy for the rest of your life.

When you're able to self - insure, you're not wasting money on a life insurance policy that's become unnecessary.

But when it comes to permanent life insurance, some other factors weigh heavily on your premium, such as policy design.

When selecting a life insurance policy, many people focus on evaluating costs and the availability of various riders, among other policy features.

When searching through available level term life insurance policies, you will also need to decide on how many years you want the coverage to remain in place.

Homeowners» Insurance: Required for all mortgage loans, protects the home from damage and theft Owner's Title Insurance: Optional policy ensuring the title will not be subject to a claim of ownership, lien or other encumbrance Private Mortgage Insurance (PMI): Required by most lenders when the down payment is less than 20 % Federal Housing Administration (FHA) Mortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of disability

Another important step when designating beneficiaries is to make the beneficiaries aware that they are included on your life insurance policy.

Be healthy, save on insurance: If you are in a good health and have a good build when you apply for a life insurance policy, insurers will reward that with lower premiums.

When you make the decision to protect your loved ones from financial disaster, make sure you understand how life insurance works, how funds will be distributed, and be sure to let your beneficiaries know they are included on your life insurance policy.

You have a variety of options when it comes to naming a beneficiary on your life insurance policy.

The person or entity that you name as beneficiary on your life insurance policy contract will receive the death benefit proceeds when you die.

Be on the lookout for these common elements when trying to determine the right life insurance policy for you and your family.

When you make premium payments on a cash - value life insurance policy, one portion of the payment is allotted to the policy's death benefit (based on your age, health and other underwriting factors).

If you have an outstanding loan on your whole life insurance policy when you die, the death benefit that is paid out to your beneficiary (or beneficiaries) will be reduced by the unpaid amount of..

When deciding on a life insurance policy, get more information about the different features and life insurance riders that are available and understand how they work.

When coupled with a life insurance policy, the hybrid LTCi owner will also have the advantage of passing dollars on to family on an income tax - free basis if the policy was never accessed for long term care coverage.

Just remember that when you have already found the life insurance policy you need, be sure that you understand the limitations of the policy before you affix your signature on the dotted line.

It also suggests that when the redemption price of life insurance nears the life settlement value of a policy, careful consideration needs to be given to determine whether the additional tax burden of selling on the life settlement market justifies the transaction.

However, whole life insurance premiums are more expensive than term life insurance because of the additional cash component and would need to be considered when deciding on purchasing a whole life insurance policy.

- Information you provide on the insurance application and other forms; - Information from your insurance agent; - Information from your transactions with us; - Information from consumer reporting agencies; - When you apply for a life insurance policy, individually identifiable health information from your health care providers; and - Information from our website, such as site visit data and information collection devices (cookies).

When you run the numbers (depending on your debt, of course) a term life insurance policy is a better investment than a credit card protection plan.

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 companlife 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 companLife, or Mass Mutual using Banner as their term life product of choice when writing business outside of their core companlife product of choice when writing business outside of their core companies.

My father has been pestering me for months to give him my social security number, stating he stppped paying on a life insurance policy (presumably on my life, which was purchased when I was a child, approximately 30 years ago), and he's going to «lose money» if I don't give him my SSN.

Life in a city comes with its own risks, no matter how careful you are, which is why you need a Yonkers renters insurance policy to fall back on when life happLife in a city comes with its own risks, no matter how careful you are, which is why you need a Yonkers renters insurance policy to fall back on when life happlife happens.

Life insurance rates are based on different underwriting factors, and there are two that affect the policy rates the most: age and health of the applicant when the policy is purchased.

If you're currently getting a bundled discount from an insurance company on, say, an auto insurance and a life insurance policy, use that leverage when you need additional insurance.

However, Sagicor absolutely must be included on your list when researching the top life insurance providers offering no medical exam policies.

Now, according to my mom, I need to match the amount of coverage that they have on their umbrella policy, otherwise their rates will rise just because I'm still living in the house (even though I've had my own insurance policy since I bought the car - 2001 Audi A4 - when I was 16, I'm 23 now, and the car was bought cash).

Many people forget about life insurance when calculating their assets, but depending on the type of life insurance and the value of the policy, it can count as an asset.

A term life insurance policy covers you for a specified period, depending on the term length you chose when you bought the policy.

Death benefits for Gerber life insurance college plan range from $ 10,000 to $ 150,000 which are guaranteed when the policy matures, this assumes you pay all of your premiums on time.

Some are focused more on the initial death benefit, while other life insurance policies focus on the cash value growth, which may create a larger death benefit when all is said and done.

Most of the time term life insurance policies are purchased to cover the most financially - vulnerable years, such as when your children are small and you have quite a few years left on your mortgage loan.

When an insured is required to re-qualify for term life insurance at their then - current age, the quote at that time will typically be much higher than it was on the original policy.

When deciding on the term for a Term Life insurance policy the first thing to consider is how long do you expect your family members to be dependent on you?

When determining the quote on a universal life policy, there are a variety of factors that are considered by the insurance company.

I purchased my pet's policy when he was 6 months old and assumed I'd locked in a certain rate based on signing up at an early age, rather than waiting until he was 2 (sort of like a life insurance policy).

For these folks diagnosed with a condition, like Type 1 diabetes or type 2 diabetes diagnosed at a young age, or some type of congenital heart defect, or one of a hundred other such pre-existing conditions, it may make more sense to lock into a whole life insurance policy when given the chance, rather than take the risk of never being able to qualify for ordinary life insurance again later on in life.

When you combine the lower rates in the industry with the savings you get by comparing multiple quotes, you may save hundreds of dollars per year on your term life insurance policy.

This is why so many couples find that they have made a mistake with the life insurance policies that they own when one or the other passes on.

When you apply for a life insurance policy, you are essentially asking the insurance company to take on the potential financial risk of possibly paying a death claim on your life.

That means that when the student is negotiating future auto insurance policies, those insurers can look back and see a history of responsible personal finance management, which may lead to favorable conditions for coverage later on in life.