Sentences with phrase «other types of life insurance protection»

Not exact matches

As with the other types of life insurance offered by John Hancock, the company's survivorship life insurance is available as either a product focused on protection or accumulation.

Be aware though, like many other types of life insurance, mortgage protection insurance may not be available after a certain age.

Examples of the types of irrevocable trusts that may be used are irrevocable life insurance trusts (ILIT), charitable trusts or other domestic and offshore asset protection trusts.

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.

With variable life insurance, you receive the same death protection as with other types of permanent life insurance, but you are given control over how your cash value is invested.

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.

Final expense life insurance — also known as burial insurance — is a type of life insurance protection that is designed to pay out to one's beneficiary so that the cost of the insured's funeral and other related expenses can be paid off quickly, without putting one's survivors into financial hardship.

Because of their permanent protection, these policies tend to have a much higher initial premium than other types of life insurance.

Final expense is a type of life insurance protection that is specifically designed for paying the cost of the insured's funeral, as well as other final expenses, such as a burial plot and headstone, flowers, and transportation.

This means you get the highest amount of life insurance protection for the lowest cost when compared to other types of life insurance.

This is because, just like other products and services that you purchase, life insurance coverage can be priced quite differently from one insurance company to another — even for the very same type and amount of protection.

Unlike other types of life insurance, the term lengths of mortgage protection insurance policies are typically limited to 15 or 30 years.

This type of coverage is often considered to be «temporary» life insurance protection, and it can be a good choice for people who are wishing to cover the unpaid balance of a mortgage or other similar needs.

Like many other types of life insurance, mortgage protection insurance may not be available after a certain age.

The obvious advantages are that these policies give you life insurance protection plus flexibility that you won't get with any other type of life insurance policy.

In summary, if you are considering mortgage protection insurance, decreasing term insurance or mortgage life insurance, check your other options before committing to this type of policy.

Generally, term life insurance provides the best bang for the buck protection compared to other types of policies and makes the most sense if you're looking to ensure your family is protected in the event of your death.

Although indexed universal life insurance provides some of the same protections that other types of permanent life insurance does, this type of coverage also offers a great deal more in terms of its overall flexibility.

The Pension Protection Act of 2006, which includes the COLI Best Practices Act, provides provisions which can have widespread implications for key man and / or other types of employer owned life insurance purchased after August 17, 2006.

It is inexpensive relative to other types of life insurance because it is designed to provide temporary protection only and builds no cash value.

However, even so, these types of life insurance policies can allow for the financial protection that is needed by loved ones and / or other survivors to move forward, without having to endure financial hardship.

With variable life insurance, you receive the same death protection as with other types of permanent life insurance, but you are given control over how your cash value is invested.

Universal life insurance on the other hand (often called a UL policy for short) is a type of permanent insurance that provides lifelong protection with an ability to accumulate a cash value on a tax - deferred basis.

Examples of the types of irrevocable trusts that may be used are irrevocable life insurance trusts (ILIT), charitable trusts or other domestic and offshore asset protection trusts.

Like all other types of life insurance, mortgage protection insurance policies exist to protect family members from struggling financially after the death of a loved -LSB-...]

Like all other types of life insurance, mortgage protection insurance policies exist to protect family members from struggling financially after the death of a loved one.

Yes, compared to any other type of life insurance that provides protection for a period for 30 years or less, term insurance is cheap.

Aside from water - related disasters, a Hudson Bend insurance policy is also your ultimate source of protection against other types of events that can disrupt your quality of life.

This type of life insurance policy also accumulates cash value, and can be used for other purposes than just life insurance protection.

With its competitively priced and guaranteed premiums, this type of life insurance protection can provide families with a secure benefit — regardless of any other types of insurance coverage that is held.