Sentences with phrase «paid up life insurance policy»

Not all insurers offer this option but, with a paid up life insurance policy, the cash value is large enough that you can stop paying premiums out - of - pocket.
Not all insurers offer this option but, with a paid up life insurance policy, the cash value is large enough that you can stop paying premiums out - of - pocket.
Spouse Paid Up Insurance Option — if your spouse is your beneficiary, this rider allows your spouse to purchase a paid up life insurance policy with no evidence of insurability, i.e. no exam or health questions.
And some companies offer limited pay whole life insurance that allows you to have a paid up life insurance policy after only 10 years — 10 pay whole life.
If the funds are available, a paid up life insurance policy would also be a great choice.
Not all insurers offer this option but, with a paid up life insurance policy, the cash value is large enough that you can stop paying premiums out - of - pocket.
Single Premium Payment Whole Life allows the owner to make a single payment in return for a paid up life insurance policy.
Lets cut down on the confusion here and explain that there are Paid Up Life Insurance Policies and Paid Up Additions and the two are not the same.
A paid up life insurance policy is a life insurance policy that may have no more payments due.
You pay one lump sum to get a paid up life insurance policy with a guaranteed death benefit.
Spouse Paid Up Insurance Option — if your spouse is your beneficiary, this rider allows your spouse to purchase a paid up life insurance policy with no evidence of insurability, i.e. no exam or health questions.
The main disadvantage for a paid up life insurance policy is that you have to pay all the money up front.
So, Can you borrow from a paid up life insurance policy?
Transferring ownership of a paid up life insurance policy to your long time loyal employee upon retirement can be a huge gift to the family.
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