Sentences with phrase «payments on the term life insurance policy»

With the waiver of premium rider, the premium payments on the term life insurance policy would be waived if the insured were to become totally disabled — as defined in this rider.

Not exact matches

Initially, the premiums paid on cash value insurance, such as whole life insurance rates, are higher than those associated with term insurance, given that term insurance payments are used just to pay for current insurance coverage and not to build up cash value in the policy.

If you miss a payment on your term insurance, it will most likely lapse for non-payment whereas the indexed universal life insurance policy will continue since insurance cost can be paid with the cash that has accumulated in the policy.

She no longer had the money to make premium payments on both the life insurance and her long term care policy.

Most people would be better off buying Term and investing the money they would save making payments on a permanent life insurance policy.

June was able to sell her life insurance policy and use the cash payment of $ 65,500 to continue paying premiums on the long term care policy.

Permanent life insurance differs from term in that as long as you make your required premium payments on time, the policy will never expire.

In fact, a thirty - year - old male can easily spend less on a term life insurance policy than they would for a 128 GB iPhone 7 Plus through Apple's monthly payment plan.

It has the features of both a term and whole life insurance which allows policy holders to choose varying payment methods and coverage every year while adjusting its interest on a monthly basis.

Similar to term life insurance, the insurance company is banking on you dropping the policy at some point, or missing a payment which would drop your no lapse guarantee.

Some term policies carry life insurance conversion credit, which reduces the premium payments on the new Permanent Policy by some degree.

Always make a premium payment on time for a term life insurance policy, and do not miss payments.

Mortgage life insurance is a term life insurance policy, which lasts for as long as the length of time that payments are due on the mortgage.

While many people who purchase life insurance will pay their premiums on either an annual or a monthly basis, there are other options for premium payments — options that can not only alleviate you from paying for coverage long - term, but can also help you to build up cash in the policy much more quickly.

This type of life insurance policy has more rigid terms that must be adhered to such as specific policy payment dates, a cash value account which is essentially a return on investment which can be used to pay the premiums, as well as other specifications.

The cost of Life Insurance depends on the policy holder's age, Medical History, nature of work, type of policy selected, sum assured, policy terms, premium amount and the payment frequency.

Most life insurance companies include a rider on their term life policies that allows the payment of a portion of the policy death benefit to be paid to the policy beneficiary (s) in the event the primary insured is diagnosed as terminally ill by a practicing, licensed physician.

While I'm almost always responsible and on top of what I owe and when I owe it, I ended up being late on my term life insurance payment on my policy's first anniversary.

This involves making a sufficiently large payment with life insurance company up front to cover the premiums on the policy for the entire term.

Unlike term policies, permanent life insurance policies will remain in effect for as long as you continue to make payments on your premiums.

Minimum variable premium for Aegon Life iGuarantee Insurance Plan is Depends on age of the policy holder and minimum variable premium for LIC Bhagya Lakshmi Plan is Depends on sum assured, age of the insured and premium payment term.

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