Sentences with phrase «pass over the policy term»

Not exact matches

There's «annual renewable term,» which gives you one year of coverage at a time that you renew annually, «level premium term,» which you buy for a specific multiyear period — 10, 15, 25 or 30 years and «return of premium» which is like a level term policy but gives you all your money back after your term is over if you do not pass away.

While a 10 to 20 year term may save you premium over the long run (and offer additional death benefit beyond your mortgage), this type of policy works if your only real purpose for the benefit payout is to coverage the remaining principal on your home when you pass.

All of this is to see the likelihood of you passing away over the term of your life insurance policy.

Who wouldn't want to purchase a 100 million dollar term or whole life insurance policy on ourselves so that our loved ones will be forever taken care of should we pass away too soon, but when it comes down to choosing a place to live over an excessive life insurance policy, well it's pretty obvious what most people are going to choose!

The insured, the owner of the policy, does not get back any of the premium paid out over the term coverage of a policy if the insured does not pass away within the predetermined term coverage time frame.

Even a term policy can be sold in a viatical settlement if someone has a terminal illness and the investor wants to take the risk that the person will pass before the term is over.

You will also need to decide whether you want a permanent policy that will build cash value over time, or a term policy that will simply provide a death benefit to your beneficiaries upon your passing.

«A term life insurance policy is a policy that pays out to a beneficiary if the insured passes away over a stated term.