Sentences with phrase «other life insurance in place»

Likewise, if there is no other life insurance in place, or if the amount of life insurance that you currently have is not enough, you may want to consider the amount of unpaid debt you have that could end up being the responsibility of your loved ones.

Not exact matches

Thousands of retirees (and younger folks, too) are benefiting from a higher quality of life and a lower cost of living in places overseas where even a little goes a long, long way — whether it be filling a tank of gas, getting the week's groceries, paying for health insurance, or making all the other ends of a monthly budget meet.

If your primary objective in obtaining life insurance is to have a death benefit in place which will help to cover your family's expenses if you passed away, our analysis shows that other products are likely a better fit given the cost of whole life insurance.

An issue has been raised that these GICs would be subordinate to other policy holder claims in the event that Executive Life ever is placed in conservatorship, (i.e., an insurance equivalent of Chapter 11).

Maybe you live in an area where you have a low risk of flooding or have robust insurance, but there are other ways to use your return to benefit the place you call home.

Your financial assets would include any life insurance plans already in place, your retirement plans, and other savings or investments.

Often, these policies are clubbed with various other investment products such as health insurance; mutual funds etc. to increase the return on investment while life cover stays in place.

On the other hand, you may have an opportunity to convert your whole life policy into a «paid - up» policy and this is where you no longer have to pay the premiums but the insurance will remain in place.

By having a whole life insurance plan in place, the insured can ensure that survivors are not left with unpaid bills and other debts to pay.

Review the funds that are in place, such as savings, Social Security, a pension or other life insurance policies.

Therefore, by also having a pre-need funeral policy or burial insurance coverage also in place, the decedent can be assured that final costs are paid and that the other life insurance policy's proceeds will also be used for their original intended purpose.

Having a life insurance policy in place will help allow your family to make the most of other savings opportunities and use those funds how they were originally intended.

By having a final expense life insurance policy in place, loved ones are much less likely to have to dip into savings, sell off other family assets, or worse yet, put these expenses on a high - interest credit card, putting them in long - term debt at an already difficult time in their lives.

Avoid Modified Endowment Status: If the subsequent premiums paid into the new policy, other than the exchange proceeds, are within the new 7 - pay limit, then a 1035 Exchange of a life insurance policy allows the policy owner to place the original contract's entire value in the new policy without creating a modified endowment contract, or MEC.

While you may already have a certain amount of life insurance in place for your other needs, such as mortgage payoff, the replacement of ongoing income, or even for the payment of estate taxes, the payment of final expenses is yet another cost that you may not have factored in.

The price will be higher than the other policy options, but if you are facing a major health crisis and you must get a life insurance policy in place, guaranteed issue life insurance could be your best option to get the coverage you need.

In fact, even if you currently have another life insurance policy in place, it is likely that this coverage is already earmarked for other potential financial needIn fact, even if you currently have another life insurance policy in place, it is likely that this coverage is already earmarked for other potential financial needin place, it is likely that this coverage is already earmarked for other potential financial needs.

Those who are good and enjoy the industry often migrate to a different company because they learn that the income made as a Primerica agent pales in comparison to other places inside the overall life insurance industry.

Your financial assets would include any life insurance plans already in place, your retirement plans, and other savings or investments.

Some people only take a life insurance until they retire while others keep a policy in place until the day that they pass.

Your roommate could purchase a life insurance policy on themselves and then after it is approved and placed inforce (activated, in other words) he or she can name you a beneficiary.

Whether it's a short term debt such as, a student loan or car loan, or a long term liability like a mortgage or numerous other sources of debt, a life insurance policy pays down the debt on behalf of the person who took out the policy in the first place.

Other reasons may be for acquiring capital, like SBA loans for small businesses, which require life insurance be in place with the lender as the recipient of the proceeds.

The life insurance coverage is not underwritten directly by Esurance, but rather by other insurance carriers in the market place, such as:

Voya is well known for issuing life insurance rates in a preferred rate class where some of the other would be placing you in a standard rate class which would result in higher premiums.

On the other hand, you might be buying life insurance in place of mortgage life insurance, which is required by the lender before they will approve your application.

In conclusion, Prudential Life Insurance is often a great option however it is not a place where «one size fits all» so with that in mind it may not fit a lot of other people but not necessarily your needIn conclusion, Prudential Life Insurance is often a great option however it is not a place where «one size fits all» so with that in mind it may not fit a lot of other people but not necessarily your needin mind it may not fit a lot of other people but not necessarily your needs.

American General is a very well known life insurance company today in the United States and in many other places of the world.

In the event that a fire or other damage makes your residence uninhabitable and places you in a «loss of use» situation, your Renters Insurance may temporarily reimburse you for the cost of another residence in which to livIn the event that a fire or other damage makes your residence uninhabitable and places you in a «loss of use» situation, your Renters Insurance may temporarily reimburse you for the cost of another residence in which to livin a «loss of use» situation, your Renters Insurance may temporarily reimburse you for the cost of another residence in which to livin which to live.

You may receive treatment, including preventive and alternative care covered under this insurance plan, anywhere in the world, whether it's the country you live in or any other place you visit on business, holiday or as part of your education.

Hopefully the original life insurance policy had been placed in a safe deposit box or other safe place.

In the event that you engage in high risk activities like Scuba Diving, Piloting a personal plane, Skydiving, Mountain Climbing, Auto / Motorcycle racing or any other activity which places you at risk of suddenly dying, you may want to consider acquiring further Life Insurance coveragIn the event that you engage in high risk activities like Scuba Diving, Piloting a personal plane, Skydiving, Mountain Climbing, Auto / Motorcycle racing or any other activity which places you at risk of suddenly dying, you may want to consider acquiring further Life Insurance coveragin high risk activities like Scuba Diving, Piloting a personal plane, Skydiving, Mountain Climbing, Auto / Motorcycle racing or any other activity which places you at risk of suddenly dying, you may want to consider acquiring further Life Insurance coverage.

Aside from guaranteed issue life insurance policies, a rider on permanent products from traditional carriers is perhaps the only other place where coverage may be described in unit terms.

What this means is that with a permanent life insurance in place you can think about planning other aspects of your future.

If you're looking for larger face amount cash value whole life insurance, you might be in the wrong place because there are other providers who operate within this niche.

Also, if you do not currently have any other life insurance coverage in place, you may also want to consider whether you wish to leave a certain amount of money to your loved ones regarding an inheritance.

Additionally, if other people rely on you financially, such as a sick parent or grandparent, you will want to have a life insurance policy in place to help cover their medical bills, the cost of in - home care, and any other obligations.

Doing so can help to free up the other life insurance coverage that is in place so that it can still be fully used for the intended needs, and the funeral insurance can pay for the person's final expense costs.

This is especially the case for those who do not already have any other type of life insurance coverage in place.

Term is far more affordable, most people do not need life insurance coverage to last past retirement age, and by investing money in other places such as the stock market people will end up with a much higher return on their investment than they will with a whole life policy.

Smokers, diabetics, and others who have developed a medical condition since their purchase of life insurance are better off leaving their current coverage in place because they may not be able to find affordable alternatives.

If you do not have any other types of life insurance in place, you could add an additional amount of coverage when you purchase burial insurance.

Even if you already have other life insurance coverage in place, having burial insurance coverage can take care of your final expenses, while the other coverage can pay off your debts such as a mortgage, credit card bills, and other key obligations.

As life insurance specialists for many years, we've discovered way too many times that clients have come to us with old policies that are not set up to maximize tax advantages.In other words, the policy will not protect the policyholder's estate from taxes as intended.Most life insurance agents rarely meet clients requiring life insurance for estate protection, and when they do, they often get excited about their commission potential and take the easy path to place a policy in force.

The fact remains, however, that if you live in Washington, auto insurance rates are likely to be higher than they are in many other places; this means that, for drivers in Washington, auto insurance quotes are even more important than they might be in other areas of the country.

If your primary objective in obtaining life insurance is to have a death benefit in place which will help to cover your family's expenses if you passed away, our analysis shows that other products are likely a better fit given the cost of whole life insurance.

But «job» comes with an asterisk in places where folks are hurting each other and the truth is buying life traditional life insurance once you are considering taking that job isn't an option.

Rather than assigning your entire death benefit over to a charitable organization, there are other options that can be put in place for using life insurance to donate funds.

Although «health rider» is not really a term of art in the US life insurance market, in other places it refers to something like a critical illness policy that is annexed to a life insurance policy.

I had spoken to other insurance companies about renters insurance and felt like they were trying to get me to get higher coverage than I needed (we live in a one bedroom place and didn't need more than $ 10,000 of coverage).