Sentences with phrase «only life insurance option»

You would typically purchase a «Guaranteed Issue» policy as that was the only life insurance option.

Not exact matches

This option is usually only available with universal life insurance policies and is somewhat risky because your policy will lapse if its cash value reaches zero.

However, these days only a handful of insurers offer LTC insurance, so another option may be life insurance with an LTC rider, which allows families to tap into the benefits they would receive upon the policyholder's death while he or she is alive and requires care.

However, this option is typically only available once your life insurance policy's cash value has reached a certain size, which may take five to ten years of paying premiums.

The increased cost of no medical exam whole life insurance means that it's typically only a good option if you know that you would have difficulty getting approved for coverage if you had to take an exam.

Universal life insurance if non-guaranteed only offers a potential return based upon whatever investment option is selected.

If the cost of the condo (HOA, taxes, insurance, etc) and your living expenses without having to make a mortgage payment is still too high, then the reverse mortgage would not be a good option for you because you would only be delaying a problem later if your costs of living still exceed your income.

Not only do LGBT workers now have the option of purchasing voluntary life insurance on their spouse through a group policy, but purchasing individual life insurance got easier too.

So, for example, if you want coverage for a $ 200,000 outstanding mortgage balance and can't qualify for term or no medical exam life insurance, credit life insurance would be your best (and only) option.

The only policies not offered by Northwestern Mutual are those with limited underwriting, meaning it doesn't have options if you have significant pre-existing conditions or are looking to purchase life insurance very quickly.

Not only does the single premium option eliminate one of the core benefits of a universal life insurance policy — flexible payments — but you need to confirm if this policy will be a modified endowment contract.

Term life insurance is the cheapest and simplest option and only provides the business with simple death benefit protection against the loss of a key person.

This may be your absolute only option to find life insurance.

This option not only allows two individuals to be insured on the same whole life insurance policy, but it also typically has a lower amount of overall premium cost than will purchasing two separate life insurance policies of corresponding value.

However this may be the best life insurance for some seniors only because it may be the only option that fits your budget, which is a major consideration in picking out a life insurance plan.

Funeral insurance may be the only option for those that've been unsuccessful in taking out life insurance in the past and don't need a significant amount of coverage.

Interest option, where the life insurance company retains the proceeds and pays only the interest earned to the beneficiary at regular intervals

Generally, if you have whole life policy and need more coverage, your only option may be to buy another life insurance policy.

Click on the photo to the left and watch a report by CBC Marketplace to find out why a Term Life Insurance Policy is not only a much cheaper option, it is a much better option.

However, if you're only interested in finding the lowest priced insurance company and you live in Texas, Arizona, South Carolina, Georgia or Virginia, then HOAIC can be a decent option for you.

Term insurance is useful if you can afford only a low - cost option or you need life insurance only for a certain amount of time (such as until your children graduate from college).

Also, know that underlying investment options are only available in variable annuity and variable life insurance contracts.

So where some companies have multiple policies for term, whole, universal, and variable life insurance, Banner really focuses on term policies and only has four options for term life insurance.

For starters, there are fewer personalization options and, typically, alumni life insurance policies are only offered for five - year terms, meaning your premiums would go up after that time.

In the end, adding a permanent life insurance policy to your investment portfolio can be a good option to help mitigate the risk of early death as well as build some cash value that can be used for a variety of purposes, including retirement income, but it should never be used as your only method of investment planning.

While you may not like the idea of only have life insurance for a certain length of time, these plans are a great option for the majority of applicants.

While this makes variable life insurance policies a better investment option than whole life policies — the potential for higher, tax - deferred growth makes it a «super-IRA» — you can only invest in the sub-accounts available through your policy.

Universal life insurance is only really worth it if you're going to take advantage of its flexibility, and a variable life insurance policy works best if you can take advantage of the investment options.

Term insurance is an affordable option for life insurance because it only covers you for a period of time, not your entire life and it doesn't accumulate any cash value.

But for the career peddler, the only options left that «paid anything,» were annuities and whole life insurance.

The underlying funds listed below are available only as investment options in variable insurance products issued by life insurance companies.

Underlying subaccounts are only available as investment options in variable insurance contracts issued by life insurance companies.

Unlike whole life insurance, where cash is only guaranteed to grow at a fixed conservative rate of interest, the funds that are inside of a variable life policy are tied to a variety of different market related investment options.

Older pets are a privilege to get to live with but they do need more in health care (just like us) so you need to figure out a way that you will be prepared when the time comes - pet insurance is only one option.

«If a person can afford a large outlay that may happen only once in a pet's life then pet health insurance may not help them that much,» says veterinarian Ted Cohn, DVM, vice chair of the American Veterinary Medical Association Executive Board, who practices at the University Hills Animal Clinic in Denver, Colo. «On the other hand if paying a large bill all of a sudden would mean the difference between pursuing optimal treatment for their pet versus euthanasia or suboptimal treatment, then it's an option.»

With that, if you are currently in a nursing home (for any reason), your only option would be to get a guaranteed issue life insurance policy from Gerber Llife insurance policy from Gerber LifeLife.

Captive agents are those that only represent one life insurance carrier, and limit your options drastically.

If you are in that situation, your only option is to purchase a guaranteed issue life insurance policy.

In most instances, a permanent type of life insurance, such as whole life or a guaranteed universal life policy, will be the only option available.

If you go with their policy and you drop it in your 80's, your only option would be to take out a whole life burial insurance policy.

If you say «yes» to any of these conditions, then guaranteed issue life insurance will be your only option for coverage.

Additionally, because we only offer life insurance products, we fee it would be inappropriate for us to comment on some of the other options you suggested.

Aetna life insurance may be your only option.

Finding inexpensive term life insurance rates for seniors is only possible because this is a likely option.

These plans are a highly unique option for life insurance coverage because they only offer protection one year at a time.

Protective Life is the only life insurance company I'm aware of that has term policy with this optLife is the only life insurance company I'm aware of that has term policy with this optlife insurance company I'm aware of that has term policy with this option.

For more extreme cases, choosing burial life insurance from the best final expense and burial insurance companies might be your only option.

For some diabetics, a no exam life insurance policy may be the only option.

For longer coverage, your only option at this point is a permanent life insurance policy, such as a guaranteed universal life.

Most people can't afford those premiums, however, this could also be an option for people with terminal medical conditions who need life insurance at any cost and plan to maintain coverage for only a couple more years.