Sentences with phrase «other types of life insurance»

Just like with other types of life insurance policies, the death benefit proceeds will be received income tax - free to the beneficiaries.
As with other types of life insurance policies, you may be able to add accident or disability benefit riders to the policy.
These policies could be an attractive option to people who can not qualify for other types of life insurance policies.
The funds that a beneficiary receives from a funeral insurance policy are typically received free from income taxation, just like other types of life insurance proceeds.
As with other types of life insurance coverage, the proceeds that are received from a final expense life insurance policy will be free of income taxation to the recipient.
That is why we can offer no exam term life insurance, as well as talk to the major benefits of other types of life insurance policies, including whole life and universal life.
Therefore, the insurance company can afford to charge a lower premium than it would for many other types of life insurance policies.
Infant life insurance is generally much less expensive than other types of life insurance because of the increased length of the policy coverage and the reduced amount of immediate risk faced by the insurer.
Although this type of insurance is easy to acquire, you should be aware that the death benefits are much lower than what is available on other types of life insurance policies.
Typically, final expense life insurance is offered at a lower amount of premium than most other types of life insurance coverage.
Other types of life insurance such as universal life policies, discussed above, offer flexible premium plans that may be more appropriate for those who need it.
Unlike other types of life insurance coverage, term life insurance is designed to provide a death benefit — and only a death benefit — to the beneficiaries named in that policy.
No medical exam life insurance can also differ from other types of life insurance coverage in the way that the death benefit is paid out.
In fact, guaranteed issue whole life specifically designed for those who can not qualify for other types of life insurance due to their health issues.
In addition to traditional term life insurance and permanent life insurance, there are many other types of life insurance available.
Just as with other types of life insurance proceeds, the benefits that are paid out to a beneficiary of these plans are received free of income tax.
There are also other types of life insurance including: living benefit life insurance, variable universal life insurance, and universal life insurance.
If you've tried to buy other types of life insurance but have been unsuccessful, a guaranteed - issue policy may be an alternative to consider.
When purchasing income protection, consider what other types of life insurance you need as well, such as life cover and total and permanent disability cover.
There are several advantages and considerations to choosing a whole life insurance policy over other types of life insurance policies.
Term life insurance doesn't accrue cash value like several other types of life insurance, but with many term policies, beneficiaries do receive the full face amount.
By understanding the language and basics of your policy, you will be able to understand other types of life insurance policies in the future.
It is thus a viable option for homeowners with health conditions that prevent them from taking other types of life insurance.
Just ask about other types of life insurance and they will be quite willing to give you some information on them.
One of the main advantages of term life insurance is that it has much lower premiums than most other types of life insurance protection, such as whole life insurance.
It is important to know that there are products called «convertible life» insurance policies that can be converted into other types of life insurance at the end of their term.
You can also choose universal life or variable life, as well as other types of life insurance within those categories, including the increasingly popular indexed universal life.
These insurance policies usually have a maximum face value around $ 25,000 and are meant to supplement other types of life insurance.
Guaranteed - issue policies are typically seen as a «last resort» for individuals in poor health who can't obtain other types of life insurance.
This cash benefit can be accessed even while the insured is still alive, providing a level of flexibility that other types of life insurance do not offer.
Other types of life insurance provide both a death benefit and a cash value.
This is an alternative to other types of life insurance where both premium prices and death benefit values can both change significantly over the course of the policy period.
These policies are generally less expensive than other types of life insurance because they are limited in what they cover.
A number of other types of life insurance policies or strategies offer some of the features of universal life and not others.
Term life insurance is inexpensive relative to other types of life insurance such as whole life or universal life.
This is an important distinction because many people are asked to pay a higher premium or are declined entirely for other types of life insurance due to their occupations or activities.
Like other types of life insurance, the policyholder must qualify first often by having a physical exam, by providing a full medical history, and possibly requiring additional blood work.
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Typically, final expense life insurance is offered at a lower amount of premium than most other types of life insurance coverage.
There are also other types of life insurance policies considered under the umbrella of whole life insurance, such as a universal life insurance plan.
Unlike other types of life insurance with varying payment structures, standard term life insurance guarantees the same payment over the duration of the term.
If you've tried to buy other types of life insurance but have been unsuccessful, a guaranteed - issue policy may be an alternative to consider.
Just like with other types of life insurance coverage, the death benefit proceeds that are received by the named beneficiary are not subject to income tax.
Fixed premiums and death benefits make level term life insurance unique from other types of life insurance that are available.
When purchasing trauma cover, consider what other types of life insurance you need, such as life cover, total and permanent disability cover and income protection.

Phrases with «other types of life insurance»

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