Sentences with phrase «options on their term life insurance policies»

If he is not insurable and has a conversion option on his term life insurance policy he can convert all or a portion of his coverage to a permanent policy.

This option varies from company to company and there are only a few life insurance companies that offer competitive conversion options on their term life insurance policies.

He also outlived the conversion option on his term life insurance policy so he missed the opportunity to get permanent coverage without having to qualify medically.

Not exact matches

Depending on your unique situation, this article provides options to make sure that you become matched with the type of life insurance that meets your needs, whether that's term life insurance, whole life insurance or a combination of policies.

With this policy, the policy owner does have the option of converting the term life insurance policy over to a new permanent life insurance certificate — without having to prove evidence of his or her insurability — until the earlier of the certificate anniversary on which the insured is age 65, or 5 years prior to the end of the initial term period.

Decreasing term life insurance is a life insurance option where the death benefits decrease on either a monthly or annual basis over the life of the 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.

In many cases, this return of premium option is a rider on your traditional term life insurance policy.

If you want low - cost, very affordable premiums, look at term life insurance (but with the option to convert to a permanent policy later on).

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.

Many of the best term life insurance policies offer options called riders, which can be added on to your existing policy or be purchased separately (depending on the rider type).

You have two options: a child whole life insurance policy or a child rider on your term life insurance policy.

When deciding on the pros and cons of term life insurance versus whole life insurance, one thing to be aware of is that many term life insurance policies have a conversion option.

Convertible term life insurance is a policy that comes with an add on that provides an option to convert to a permanent insurance at the term's expiration or old age, whichever comes first.

Choose from our term life insurance options for flexibility on your pocket, which also offers coverage to your «team» in the same policy.

Depending on the insurance company, at the end of the level term period, you may have the option to use the policy cash value to purchase a guaranteed paid - up «whole life policy» without having to prove your health.

A long - term care and life insurance hybrid policy could be another choice for those looking at their insurance options, according to author Gail Liberman on The Palm Beach Daily News» website.

Most term life insurance policies have the option to add on a child rider.

Read this informative article on the differences between whole, universal and term life insurance policies and how some life insurance options can protect your business.

Depending on your unique situation, this article provides options to make sure that you become matched with the type of life insurance that meets your needs, whether that's term life insurance, whole life insurance or a combination of policies.

If you follow our advice and buy a term life insurance policy, your best option is to name your charity of choice as a beneficiary on your policy.

Based on the term life insurance policy that is chosen, an applicant for term life coverage through Transamerica has the ability to choose how the death benefit option works on their plan.

Further, while this type of life insurance is set to end when the term has completed, people still have the option of extending their insurance policy on a year by year basis.

Term life insurance is a less expensive life insurance option and a good choice when you are on a budget because it is temporary and only pays a death benefit to beneficiaries of the policy if the insured dies during the limited term of the polTerm life insurance is a less expensive life insurance option and a good choice when you are on a budget because it is temporary and only pays a death benefit to beneficiaries of the policy if the insured dies during the limited term of the polterm of the policy.

The most popular term life insurance option on the market, the 20 year term policy provides longer coverage than its shorter - term 10 year counterpart.

The other option is to either purchase a permanent plan design such as Universal Life or add a smaller Universal life on to an existing life insurance portfolio that includes a Term insurance polLife or add a smaller Universal life on to an existing life insurance portfolio that includes a Term insurance pollife on to an existing life insurance portfolio that includes a Term insurance pollife insurance portfolio that includes a Term insurance policy.

b. Option to Convert - this is similar to the renewability with the sense that it will give you the ability to convert your term policy on guaranteed basis to one of the companies permanent life insurance options should your situation change and your health is no longer similar to what it was when your first applied.

An option for Kathy would be a possible low cost Term life insurance plan for $ 250,000 with a 20 - year Term policy which would cover her mortgage and then as the years go by and the total payoff on the mortgage goes down and down she can convert her policy into a Universal life policy to cover any debt for the rest of her life.

If you are a business owner and want to buy a life insurance policy on the key employee which will provide a death benefit until that employees retirement then Return of Premium Term might be a great option since you will just get all your money back if the loss of life didn't occur and your valuable employee retires.

Another option is a non-medical term life insurance policy with a value of $ 500,000 on a 20 - year fixed term for as little as $ 28 a month with SBLI.

The last reason people buy term life insurance policies is that it is the most affordable life insurance option on the market.

The final option, if available on your policy, would be to convert or exchange your level term insurance policy to a permanent life insurance policy.

Owning a USAA term life insurance policy guarantees you the option to replace some or all of the SGLI lost as a result of military separation or retirement, even if you are disabled.Increases in coverage more than two times the base policy face amount up to the current maximum Servicemembers» Group Life Insurance (SGLI) amount depends on your health and is subject to underwriting approlife insurance policy guarantees you the option to replace some or all of the SGLI lost as a result of military separation or retirement, even if you are disabled.Increases in coverage more than two times the base policy face amount up to the current maximum Servicemembers» Group Life Insurance (SGLI) amount depends on your health and is subject to underwriting insurance policy guarantees you the option to replace some or all of the SGLI lost as a result of military separation or retirement, even if you are disabled.Increases in coverage more than two times the base policy face amount up to the current maximum Servicemembers» Group Life Insurance (SGLI) amount depends on your health and is subject to underwriting approLife Insurance (SGLI) amount depends on your health and is subject to underwriting Insurance (SGLI) amount depends on your health and is subject to underwriting approval.

Each life insurance company has different rules regarding when you are eligible to convert, but having a term conversion option is advantageous because you can convert the term policy without a new medical exam and your rate is determined based on the health rating you got when you purchased the term life policy.

Other insurance types offer options to consolidate a term life policy with other types of coverage, which can lead to saving on a lower rate plan.

Term life insurance and permanent life insurance are both options for seniors, though some life insurance companies may have age restrictions on their policies.

Decreasing term life insurance is a life insurance option where the death benefits decrease on either a monthly or annual basis over the life of the policy.

Quick tip: If you're interested in converting your AIG term life insurance policy, fill out the form on the side and we'll help you with your options.

For those who have shorter term coverage needs, and / or a limited amount of money to spend on life insurance premiums, a term life insurance policy could very well be the best alternative — especially one that has the option of being converted over into a permanent policy in the future, regardless of the insured's health condition.

With all these option on the table people just see a real need to forgo the mortgage life insurance and go with a term life insurance policy that really helps get their family into a very strong position should one spouse pass away.

Quick tip: If you're interested in converting your West Coast Life term life insurance policy, fill out the form on the side and we'll help you with your optiLife term life insurance policy, fill out the form on the side and we'll help you with your optilife insurance policy, fill out the form on the side and we'll help you with your options.

The additional term insurance option sometimes allows dividends to be used to purchase additional term insurance on the policy holders life.

Another option would be a no medical exam term life insurance policy with a face amount of $ 250,000 on a 20 year fixed term for a little more than $ 26 a month.

Each life insurance company has different rules regarding when you are eligible to convert your policy to permanent coverage, but having a term conversion option is a major advantage because you can convert the term insurance policy without a new medical exam and your rate is determined based on the health rating you got when you purchased the term life policy, not your current health.

• Receive Cash — Generally payable annually in the form of a check on the anniversary date of the policy • Use Towards Premiums — Instead of taking the dividends as cash, you can apply the money towards your policy premiums • Let Dividends Accumulate — Means that you accumulate your dividends as interest and can withdraw anytime but will be required to pay taxes on any interest accrued • Buy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separinsurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separInsurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separinsurance policy which would be provided as a separate rider

A term life insurance policy for a cancer survivor will be the most affordable option you have, however it will put a time limit on your coverage.

Read this informative article on the differences between whole, universal and term life insurance policies and how some life insurance options can earn cash value.

With this policy, the policy owner does have the option of converting the term life insurance policy over to a new permanent life insurance certificate — without having to prove evidence of his or her insurability — until the earlier of the certificate anniversary on which the insured is age 65, or 5 years prior to the end of the initial term period.

Therefore, for someone who is on a fixed budget, a permanent life insurance policy may be a good option — even though these policies will oftentimes start out with a higher premium cost than a comparable term insurance policy with the same amount of death benefit.

While many people who purchase life insurance will pay their premiums on either an annual or a monthly basis, there are other options for premium payments — options that can not only alleviate you from paying for coverage long - term, but can also help you to build up cash in the policy much more quickly.