Sentences with phrase «outlive before»

This means that there is a set length of time that you must outlive before the full policy amount is guaranteed to your beneficiary.

If your percentage of FEV1 is less than 40 %, your choice will more than likely be a guaranteed issue life insurance policy which typically requires a 2 - 3 year waiting period that you will need to outlive before the whole death benefit is in effect.

If your percentage of FEV1 is lower than 40 %, your options will most likely be a graded death benefits policy, which typically have 2 - 3 years that you have to outlive before the full death benefit is in effect.

Not exact matches

Before ringing the death knell for any products that seem to have outlived their usefulness, perhaps it'd be wise to break out some Hush Puppies, pound the pavement, and find out what people really want.

The mattress spring is pretty low even at it's highest position, and has several more rungs down to go before it outlives it's usefulness.

You'd want to see clinical studies that show that populations of people that eat a particular product outlive everyone else (and certainly DO N'T die before everyone else!)

So while those on the first few levels still worry about running out of money before they run out of life, those in the comfort zone are pretty sure that their money will outlive them, and the issue becomes how best to distribute it.

With the other types of guaranteed universal life you risk the policy expiring before you die if you outlive the coverage end date.

So even if the idea of income you can't outlive appeals to you, you need to carefully consider the cons as well as the pros of an annuity before committing to one.

This can be a great way to ensure that a retiree does not outlive his or her assets — especially given that life expectancies are so much longer today than ever before.

Laugh at the humble GIC if you must, but even though they've been around before many of you were born, GICs may just help save the day in today's fixed income markets... and will probably outlive you while they're at it.

As Americans continue to extend life expectancies more than ever before, there is a real concern that many people may actually outlive their income in their golden years.

As retirees are living longer than ever before many are beginning to consider the risk of outliving their retirement savings.

Once again, this is a double - edged sword in that before you rush out to buy or adopt that reptile or large bird, you should seriously consider whether you have the lifestyle, finances, and future provisions available to support a pet that might outlive you!

We have to outlive the client before we would earn a dime out of doing any estate trustee work.

These are important questions to ask because you don't want to outlive your policy, die before you're eligible for benefits, or miss the opportunity to buy because of health or age.

If you outlive your term policy or cancel it before the term is over, you get nothing in return.

There have been many studies done to find out how many term policies actually pay out benefits to policyholders, and the estimates have been as low as 1 percent of policies paid out benefits since people outlived their term or canceled the policy before the term was up.

Today, people are living longer than ever before in history — and because of that, one of the biggest fears on the minds of many retirees is outliving their money in retirement.

A guaranteed annuity or life and certain annuity, makes payments for at least a certain number of years (the «period certain»); if the annuitant outlives the specified period certain, annuity payments then continue until the annuitant's death, and if the annuitant dies before the expiration of the period certain, the annuitant's estate or beneficiary is entitled to collect the remaining payments certain.

Today, given that people are (on average) living longer than ever before in history, a key concern for many is outliving income in retirement.

Before I forget to mention, life insurance companies especially like Term life insurance because in many cases they collect premiums for years and the insured outlives the policy.

Today, as people are living longer than ever before, outliving retirement income is a concern.

Retirement Annuities — Because people are living much longer today than ever before in history, outliving one's income in retirement is a big concern.

Term life is a very statistically informed bet by the insurance company that with a large enough group of clients, enough people will either outlive or cancel their policy before dying so that the insurance company overall makes money, even if they need to pay out a low percentage of claims.

However, the odds may be even less, since many people either choose to stop paying the premiums on their term life policy before their coverage ends, cancel their coverage, or outlive the duration of their policy term.

Actually you are more likely to decide the money is better spent somewhere else and lapse it before you outlive it, but yes, plenty of people outlive their term insurance, and that's a good thing.

A plan in which the amount is paid to a policyholder if he outlives the tenure of the contract or to the beneficiary if the insured person dies before the date on which the policy matures.

If you die before the term expires, the policy will pay to the named beneficiaries, but if you outlive the policy, your premium investments are lost.