Sentences with phrase «pay over the life of your policy»

The return of premium rider, available for return of premium life insurance policies, and also on certain long - term care policies, disability insurance, etc., will return all of your premiums paid over the life of your policy should the term come to an end or should you wish to surrender the policy.

Offers you a money - back guarantee on your term life insurance: If you outlive the policy, the premiums you have paid over the life of the policy will be returned to you.

Add it all up, and 15 % to 25 % of all the premiums you pay over the life of the policy could go to commissions and other costs, such as office expenses, according to Daily.

Calculate what you'll pay over the life of the policy.

The defining feature of this form of term life insurance is that the premiums paid over the life of the policy are paid back to policyholders at the end of their contracts if they are still alive.

As the name implies, this rider will allow term life insurance policyholders to recover all or part of their premiums paid over the life of the policy if they do not die during the stated term.

As the name suggests, if you buy this type of term policy, the insurance company will return the premium paid over the life of the policy at the end of the term, in case you survive.

Not exact matches

:: Urgently pay Edo State pensioners over 42 months outstanding pension benefits and entitlements from the over N29bn Paris Club refunds received by your government and meant for the payment of pension arrears and gratuities;:: Adopt a human rights policy of guaranteeing regular payment of pension benefits and entitlements so that pensioners and their families can live decently;:: Recognize the human rights of Edo State pensioners and ensure their full and effective enjoyment of those rights, as well as provide them with information to enable them to claim their rights;:: Treat all pensioners in Edo State as individuals with humanity and dignity and respect and promote their higher standard of living and improve economic and social conditions for all pensioners;:: Provide Edo State pensioners with proper support and assistance to alleviate their plight, including by ensuring informal, community - based and recreation - oriented programs for pensioners to help develop their sense of self - reliance and independence;:: Reduce opportunities for corruption in the spending of the Paris Club refunds

The policy in brief is giving students financial support upfront so that they can pay for their living costs while at university rather than giving them money to pay back a loan they can pay back over a number of years.

Shockingly, the cabinet papers also show that the Tories were willing to go as far as declaring a state of emergency and deploying the Army in order to gain victory over the striking miners and the unions — confirmation that it was a central tenet of government policy to regard tax - paying, law - abiding colliery workers, locked in struggle to defend their jobs and their way of life, as (to use that awful phrase of Margaret Thatcher's) «the enemy within».

Advocates for Children of New Jersey aims to strengthen the state's early learning system by enacting stronger public policies for young children and increasing investments in programs and services that pay strong dividends over the course of a child's life.

aims to strengthen the state's early learning system by enacting stronger public policies for young children and increasing investments in programs and services that pay strong dividends over the course of a child's life.

Life insurance proceeds, which were paid to you because of the insured person's death, are generally not taxable unless the policy was turned over to you for a price.

If you're purchasing life insurance to help your family with any of these costs, a cheaper term life insurance policy would be a better fit, since the costs would be paid over time.

The main difference between term life and permanent insurance is that term insurance only pays death benefits to your beneficiaries, while permanent life insurance pays out death benefits and accumulates cash value which will continue to build up over the life of the policy.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

Return of premium life insurance policies do just what they say: When the policy is up, the premiums paid over the previous decades are returned to the policyholder.

In addition to paying death benefits, it also has a cash value accumulation feature which grows over the life of the policy.

You can choose to make smaller premium payments throughout the life of the policy, larger payments over a shorter period (known as limited pay whole life), or lower premiums in the beginning and higher premiums afterward.

You can get a similar effect by purchasing a whole life insurance policy that's paid for over a shortened period of time, such as 20 years.

Such excess payments are usually caused by interest earned on premiums paid over the course of the policy's life.

If you are looking for a life insurance policy that will just cover you for a specific amount of time, such as when your children are young or while you are paying a mortgage, you may want to consider a term life policy over a permanent life policy.

This means that the additional living expenses the family incurs over and above their normal cost of living are paid by the insurance, up to the policy limit for that coverage.

Return of premium life insurance policies allow you to recoup some of the money you've paid over time for your coverage.

Over a comparable period of time, a healthy 30 - year - old male would pay $ 564 per month for $ 500,000 of whole life coverage when he could be receiving $ 500,000 of coverage for $ 24 per month with a term life policy.

While no medical life insurance can be enticing for any number of reasons (a checkered health history, busy schedules, instant coverage, and anxiety over taking medical exams generally top the list), the higher premiums you'll have to pay in order bypass a routine medical exam can make these policies tough to justify.

The biggest penalty for this is you've likely paid more over the life of the policy then you should have.

The main differences between term and permanent life insurance are that permanent life insurance is in force for your entire life (as long as you pay the premiums) instead of a certain «term,» and permanent insurance accumulates cash value over the life of the policy.

Multi-pay or life - pay policies are just what you would guess — policies that are funded over a set number of years or a lifetime.

Paying premiums annually can save you thousands of dollars over the life of your policy.

Insured parties can expect to pay anywhere from 30 to 600 percent more over the life of their return of premium policy.

The good news is, some companies will credit you for a portion of the premiums you paid into your term life insurance policy and carry it over when you decide to convert to assist the cash value accumulation.

The reason is that they not only pay out on death benefits, but they also have a cash value accumulation feature which accumulates over the life span of the policy.

Did you know that paying once a year can save you thousands of dollars over the life of your policy?

Continuous Premium Whole Life — Same as Straight or Level Premium Whole life and simply means that the policyholder pays the same premium over the entire lifetime of the policy which is generally to age Life — Same as Straight or Level Premium Whole life and simply means that the policyholder pays the same premium over the entire lifetime of the policy which is generally to age life and simply means that the policyholder pays the same premium over the entire lifetime of the policy which is generally to age 100.

Since life insurance rates are based on the age and health of the individual when the policy is purchased, the sooner an individual buys protection, the cheaper the rates he / she will pay over the course of their lifetime.

Decreasing Term Life Insurance — With this type of policy, the death benefits decrease over various designated time increments throughout the life of the policy, but the premiums you pay remain the sLife Insurance — With this type of policy, the death benefits decrease over various designated time increments throughout the life of the policy, but the premiums you pay remain the slife of the policy, but the premiums you pay remain the same.

Did you know that paying once a year will save you money over the life of your policy?

If you buy a 30 year term policy and pay $ 50 per month at Preferred Plus, that means you would pay $ 75 per month at the 3rd best rating... a difference of $ 6,000 over the life of your policy.

The cost of insurance for the renewable term element inside a universal life insurance policy can be high in later years, but some companies reduce the cost of insurance by paying the death benefit to beneficiaries over an extended period of 30 years.

• Decreasing Term Life Insurance — Here, the death benefits decrease over designated time increments throughout the life of the policy, but the premiums you pay remain the sLife Insurance — Here, the death benefits decrease over designated time increments throughout the life of the policy, but the premiums you pay remain the slife of the policy, but the premiums you pay remain the same.

Direct from the U.S. government: The Internal Revenue Service (IRS) states that life insurance proceeds paid to you because of the death of the insured are not taxable unless the policy was turned over to you for a price.

In theory, you would pay a lower rate over the life of the policy because of coverage decreases.

The fact is that over $ 38 Billion in life insurance claims were paid out to the beneficiaries of 911 victims and the only exclusion on almost all life insurance policies (not to be confused with AD&D) is a 2 year exclusion on suicide.

The Grow - Up Plan in a whole life insurance policy paid for by the parent up until when the child reaches the age of 21, at which point the policy is transferred over.

On the other hand, whole life policies generally refer to a group of products that pay a permanent death benefit, but also accrue cash value over time.

Over a comparable period of time, a healthy 30 - year - old male would pay $ 564 per month for $ 500,000 of whole life coverage when he could be receiving $ 500,000 of coverage for $ 24 per month with a term life policy.

Guaranteed level premium policies average out the cost over the life of the policy so you'll pay the same every year.

Whole life insurance: The most common type of permanent life insurance, in which premiums generally remain constant over the life of the policy and must be paid periodically in the amount specified in the policy.

Common sense says that whole life clients that hold on to their policies for their whole life are going to have them pay out — with that being said, the company has to make their monies worth, and I can assure you that very few of their clients pay $ 100,000 in premiums over the course of their lives.