Sentences with phrase «ordinary life coverage»

After the two years, the coverage becomes ordinary life coverage and the full death benefit would be paid to your beneficiaries upon your death.

Not exact matches

As perhaps one of the most popular types of permanent life insurance, whole life, also known as ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insured.

The biggest benefit of this type of coverage is if you have a debilitating health condition that would make getting ordinary life insurance impossible.

Straight Whole Life — Also known as «Ordinary Life» will provide coverage and is payable in full at age 100 with level premiums.

Ordinary term or whole life insurance provides comprehensive coverage for any cause of death (other than suicide in the first two policy years) including accident or sickness.

Additionally, accidental insurance is never a substitute for ordinary life insurance coverage.

Level premium whole life insurance (sometimes called ordinary whole life, though this term is also sometimes used more broadly) provides lifetime death benefit coverage for a level premium.

When you purchase a comprehensive auto insurance policy, you end up with coverage for a diverse array of circumstances that may seem a little out of the ordinary — like fires — but are a distinct possibility in daily life.

However, if a whole life type of policy with the cash value component (a kind of «forced savings») seems attractive, one must decide between ordinary, level premium coverage and flexible payment universal life coverage.

Whole coverage may also be referred to as ordinary life or straight life insurance.

Because medical condition is not a factor, the premium rate per thousand dollars of coverage will be higher than it is for ordinary life insurance.

As perhaps one of the most popular types of permanent life insurance, whole life, also known as ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insured.

New York Life's custom whole life insurance provides many flexible options, including ordinary coverage to age 100 as well as limited pay whole lLife's custom whole life insurance provides many flexible options, including ordinary coverage to age 100 as well as limited pay whole llife insurance provides many flexible options, including ordinary coverage to age 100 as well as limited pay whole lifelife.

You will find that shorter term policies are less expensive than longer terms, like ordinary term life insurance coverage.

Making it nearly impossible for an ordinary person to really know which life insurance company will offer the best coverage in the most reasonable rate.

As a life insurance rider within your policy, having the conversion option in place enables you to convert your ordinary level term life policy into a permanent life insurance option during the coverage.

Under a group carve - out plan, the employee retains $ 50,000 of ordinary group term life insurance coverage, but the rest is provided by a universal life insurance policy.

Reason No. 1: Adjustable life is indicated whenever insureds need or desire greater flexibility over time in life insurance coverage, need or want guaranteed protection, and prefer the forced savings feature of ordinary level premium whole life insurance.

And, one of the very best features of this type of policy is that it provides the same coverage as standard, ordinary, exam - is - included life insurance.

When the need is long - term but cash flow is currently insufficient to buy the needed coverage using higher premium ordinary whole life — Parents in younger families often have major long - term support obligations for their young children and spouses, have committed expenses that already strain the family's budget and, therefore, simply can not afford the premiums necessary to buy the amount of coverage they need to protect their families using ordinary whole life insurance.

With ordinary life insurance, those with poor health may struggle to receive coverage or the premiums will be extortionate.