Sentences with phrase «on your life insurance policy if»

This type of clause usually specifies that the life insurance company will not pay out a claim on a life insurance policy if the person commits suicide within the exclusion period.

Many consumers felt like they were throwing their money away since there was no guarantee of a beneficiary ever collecting on their life insurance policy if they outlived the duration of their term insurance.

Similarly, people who have no dependents frequently have little dependence on life insurance policies if they have much cash in the bank at all (to pay for funeral expenses, as an example).

Yes, the insurer may deny coverage and refuse to pay a claim for death benefits on a life insurance policy if it is determined the applicant for coverage lied about his or her health on the application, and the lie was related to a health issue which would have resulted in the insurance company declining to insure the person for life insurance.

Not exact matches

If a policyholder is the legal guardian of a sibling they live with, then the policyholder should list the sibling on their renters insurance policy.

This clause provides that if the policyholder fails to pay the premiums on a life insurance policy, the insurance company may automatically use the accumulated cash value to pay the premiums.

If you are interested in getting life insurance to cover your mortgage, whether mortgage life insurance is the right policy for you depends primarily on your health.

We recommend that you don't purchase credit life insurance and, if you're concerned about debts being passed on, purchase a term life insurance policy instead.

Always talk to a financial advisor if you'd like to explore using policy loans on a whole life insurance plan, and check up on your policy loans regularly to make sure that your financial strategy is still on track.

If worst comes to worst, they'd happily collect on Harold's $ 5 million corporate life insurance policy.

Therefore, if you are on the younger end of the age spectrum, you might want to consider purchasing something that will be in place for longer, such as a 30 year term policy or permanent life insurance policy.

Where it falls short: A travel accident insurance policy in no way compares to a life insurance or disability policy because it only kicks in if you die or are severely injured on that particular trip.

If you own a $ 500,000 life insurance policy on yourself, this is also included in your taxable estate; however, If you want to protect your family with life insurance, but don't want the life insurance amount to be included within your taxable estate, someone else needs to own your policy.

You may want to take out a life insurance policy, or work towards getting a co-signer release if you have a co-signer on private student loans.

Gerber Life's Grow - Up Plan is a whole life insurance policy that you can purchase on your kids, or your grandchild, if they're between the ages of 14 days and 14 years Life's Grow - Up Plan is a whole life insurance policy that you can purchase on your kids, or your grandchild, if they're between the ages of 14 days and 14 years life insurance policy that you can purchase on your kids, or your grandchild, if they're between the ages of 14 days and 14 years old.

There are a few catches — it'll raise the cost of your life insurance policy slightly, and your eligibility might be limited by the carrier, term length, and coverage amount — but if you're really concerned about the money you're spending on life insurance, it's worth looking into.

If you don't have dependents or outstanding debt that would be passed on to others, a term life insurance policy is likely not appropriate.

That said, if you do want this sort of coverage for your children, you might do better by buying a child rider on your own life insurance policy.

If you are interested in getting life insurance to cover your mortgage, whether mortgage life insurance is the right policy for you depends primarily on your health.

If something happens to you, your life insurance policy will pay out, easing the burden on your family.

If you're wondering what life insurance companies offer return of premium policies and riders, be sure to check out our company reviews for the lowdown on all of the policies you can find on PolicyGenius, or talk to one of our licensed experts today.

Your premium may increase: Depending on the type of life insurance policy that you buy, don't be surprised if your insurer increases your premium.

Take life insurance as an example: you pay for a policy, and if you die during the term then that money (the death benefit) goes to the person you named as your beneficiary on the policy.

Many families take out a life insurance policy on the borrower so that if the unforeseen happens, they can take care of the student loan without causing a strain on their finances.

On the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiumOn the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiumon the size of the settlement, cash value of the policy, and the amount that's been paid in premiums.

For example, if a wife owns a life insurance policy on her husband and their adult daughter is the beneficiary, then technically the wife is gifting her daughter the policy proceeds should her husband die.

If you have Alabama renters insurance, you simply file a claim on your own policy, get the replacement cost of your property, buy new property, and move on with your life.

We recommend that you don't purchase credit life insurance and, if you're concerned about debts being passed on, purchase a term life insurance policy instead.

If you can afford to pay a little more for your coverage, you can lock in a rate on a permanent life insurance policy, such as whole life or universal life.

If your net worth, including life insurance, is relatively high (in the millions) owning life insurance on each other, versus owning one's own policy, is best so it's not included in your estate.

You can take out a loan on a life insurance policy's cash surrender value if you're in need of immediate funds.

If you're just interested in an add on, rather than a stand alone policy, then your goal may be to locate the best permanent life insurance company.

A great benefit for both single premium whole life insurance policies is that, if you decide later on that you want to surrender the policy and cancel your coverage, you'll get a full return of your premium.

If you are a savvy investor and comfortable with risk, it may make more sense to buy the term policy and invest the difference that you would pay for return of premium life insurance on your own.

Not all permanent life insurance is created equal, so choosing the right life insurance company from the start is very important if you plan on converting your policy down the road to any worthwhile permanent coverage.

If you are considering permanent life insurance but have some questions or you need some additional guidance on which company and policy are the right fit for you, please give us a call today for a free strategy session.

You mention that you want to find out if they took out a life insurance policy on your father.

These options have certain consequences that come into play so it's important to work closely with your life insurance agent if you plan on purchasing a permanent policy for your child to make sure you understand the ins and outs of your particular policy.

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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.

If you purchase a permanent life insurance policy on your child before all these factors even come into play, they will never have to worry about having increased rates or having their application denied based off of one of the factors stated above.

This option means that if you decide you want permanent life insurance you can convert regardless of your health as long as you convert before the deadline listed on your policy.

If there are two contingent beneficiaries on life insurance policy can one file for his share or do both have to file to receive benefits?

I know of a situation where a life insurance policy lists two people... one as Primary (check boxed) and one as secondary (checked boxed) but in the «primary» column it has 50 % and 50 % on the line by both person's names and mentions somewhere that if the Primary dies then the secondary would get 100 %.

If two beneficiaries are listed on an employment life insurance policy split up 50/50, and one of the beneficiaries are not found (due to no contact information or last name etc) would the other beneficiary receive the 100 % or only the 50 % originally placed?

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.

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For example, if you own a $ 500,000 life insurance policy and your parents co-signed on a mortgage loan worth $ 250,000, you can designate 50 % of the death benefit to your parents until the loan is paid off.

However, if a college student is under 26 years old, enrolled in classes and living in on - campus housing, the student may be covered under his or her parents» homeowners or renters insurance policy.

If you're planning on paying for a policy for the next 20 or 30 years, don't you want to know how strong the ratings are for the life insurance company you're handing your money to?