Sentences with phrase «pay life insurance premiums»
If you are unable to pay your life insurance premiums due to total disability then with the help of this rider, you can stop paying your premiums until you are healthy enough to work full - time again.Your policy will still be in - force just as if you were still paying premiums.
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In Washington state, for instance, if a spouse uses «community property» to pay the life insurance premiums, his or her spouse has the right to a portion of the life insurance proceeds.
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In order to continue the life insurance policy death benefit for your surviving spouse, you should continue to pay your life insurance premiums.
This is why you won't be notified because once you switch to permanent coverage, they will be responsible for a future death claim as long as you continue to pay your life insurance premiums.
One life insurance salesman I talked to pointed out that most people will pay their life insurance premiums each month without fail, but may move their investments to the backburner or put off saving for retirement when things get tough financially.
These benefits can include eligibility to earn dividends, cash value access from partial surrenders and loans, and guaranteed cash value accumulation — as long as you pay your life insurance premiums.
The flexibility to pay your life insurance premiums by check, credit card, PayPal or automatic withdrawal from your bank account.
This will help you avoid having to pay life insurance premiums during your retirement.
The premium payments can be «gifted» to the ILIT, once formed, and the trustee may use the gifted proceeds to pay the life insurance premiums.
The trustee can then pay the life insurance premiums with the proceeds.
But if you become disabled and can't pay your life insurance premiums, a waiver of premium rider will allow you to delay payment for a period of time.
I have seen clients using 40 % of their savings just to pay Life insurance premiums.
Premium Mode: The specific period chosen to pay life insurance premiums (monthly, annually, quarterly, semi-annually).
In the company's eyes, this person might not be around for very long to pay their life insurance premiums.
Well, depending upon the life insurance plan that you opt for, you can pay the life insurance premiums either one time which is «single premium» for a limited no.
If your ability to pay life insurance premiums is such that you can afford the desired amount of life insurance under either type of policy, then it is appropriate to consider the second question — what type of policy to buy.
Whole life insurance lasts for your whole life, meaning that — as long as you pay your life insurance premiums — your policy will not expire.
The premium mode is the frequency in which you pay your life insurance premiums to the insurance carrier.
Having the opportunity to pay life insurance premiums with pre-tax dollars is appealing.
As long as you pay your life insurance premiums, your life insurance death benefit will remain in effect.
Although, in Section 412 (i) plans, which are defined benefit plans that often use an annuity or life insurance to fund the retirement benefit, the amount of qualified money that can be used to pay life insurance premiums may be higher than for other defined benefit plans.
You pay life insurance premiums for the length of the term, usually 5, 10, 20 or 30 years, and if you pass away during the term, your beneficiaries receive the death benefits.
This money is used to pay the life insurance premiums during the length of the plan.
The major advantage of the universal life insurance policy is the potential to not have to pay life insurance premiums for life, yet still be insured into your retirement.
Susan continues to pay the life insurance premiums until Chris dies.
If your ability to pay life insurance premiums is such that you can afford the desired amount of life insurance under either type of policy, it is then appropriate to consider the second question — what type of policy to buy.
It is very important to pay your life insurance premiums on time and not get behind with them when it comes to term insurance.
The trust or another individual should continue to pay your life insurance premiums to keep the policy current.
Okay, so you have to pay your life insurance premiums, and you have to pay all of them — no tax breaks allowed.
If you become totally disabled, you don't have to pay your life insurance premiums.
To put it simply, you pay your life insurance premiums to keep your life insurance policy in force.
Policyholders also can't use a flexible spending account or health savings account to pay life insurance premiums.
20 & 30 Pay Life — With limited pay life insurance all premiums will remain level for 20 and 30 years.
Seniors struggling to pay life insurance premiums have options, including selling their policy
How often do I pay my life insurance premiums?
Use all or a portion of the annuity lifetime income stream to pay the life insurance premiums.
I have seen clients using 40 % of their savings just to pay Life insurance premiums.
Okay, so you have to pay your life insurance premiums, and you have to pay all of them — no tax breaks allowed.
Susan continues to pay the life insurance premiums until Chris dies.
The trustee can then pay the life insurance premiums with the proceeds.
As icing on the cake, an IDGT may be set up so that the grantor authorizes the use of trust income to pay life insurance premiums on the grantor's or the grantor's spouse's life.
If you become totally disabled, you don't have to pay your life insurance premiums.
However, thanks to premium offset options, you can continue to make premiums payments or have your dividends pay your life insurance premiums, to further grow your cash value and death benefit to age 100.
The premium payments can be «gifted» to the ILIT, once formed, and the trustee may use the gifted proceeds to pay the life insurance premiums.
Having your sole proprietorship or individually owned company pay your life insurance premiums so as to deduct these expenses from your business» taxable income would be just such an attempt and is therefore not legal.
We also pay life insurance premiums for all employees (other than Larry and Sergey).
«When we look at our budget on a yearly basis, we're much more mindful of «Oh yeah, I pay my life insurance premiums yearly» or «We take a family vacation every year and it's X amount of dollars.»»
As with our other employees, we also paid life insurance premiums for the benefit of our named executive officers (other than Larry and Sergey).
It is highly beneficial to continue paying life insurance premiums even if the insurance policy no longer requires it or it may be paid from the cash value.