Sentences with phrase «pays for a life insurance policy for»

Under an executive bonus plan, an employer purchases and pays for a life insurance policy for a select group of employees.

Not exact matches

Anyone holding a leverage life insurance annuity, or a 10/8 arrangements (another leverage insurance product) will now be subject to accrual - based taxation and no deduction will be allowed for any portion of the insurance premium paid on the policy.

For retirees who are still paying off large loans (think failed business ventures or real estate deals), a guaranteed level - premium term life policy is ideal, said Scott Simmonds, a fee - only insurance consultant in Saco, Maine.

Another thing you are paying a higher premium for when you buy a traditional whole life insurance policy is consistency.

Cash value life insurance policies are typically permanent, meaning you have coverage for the entirety of your life so long as premiums are paid.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

For some permanent life insurance policies, you're also able to pay premiums using the policy's cash value.

Permanent life insurance refers to a set of life insurance policies that provide coverage for your entire lifespan, so long as premiums are paid.

Permanent insurance, which includes whole life and universal insurance policies, is for life: It provides a death benefit for as long as you pay the premium, but also may include cash value that can be accessed during the insured person's lifetime.1

These phrases mean that the term life insurance quotes you receive reflect the price you'll pay for the entire length of the policy.

Like Life Insurance policy, a health insurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or sumInsurance policy, a health insurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or suminsurance policy is a legal contract between insurer and insured; in which insured pays premiums and in returns, insurer agrees to pay for medical expenses for a specified limit or sum insured.

The cash value of a universal life insurance policy accumulates based on the amount of premium paid, monthly deductions for policy costs and an interest rate that is declared by the insurance company.

A portion of your premium pays for life insurance coverage equal to the face value of the policy.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

Permanent life insurance covers you for your entire life so long as you continue to pay the premiums, and is a category that encompasses several distinct policies.

The two primary categories of life insurance policy are term and permanent, with term policies only offering coverage for a fixed period of time, while permanent policies last so long as you continue to pay the premiums.

I had a pretty good life insurance policy (which I couldn't pay for any more), and seriously considered how I could kill myself while making it look like an accident so that I could provide for my wife and three children.

«In addition, each of them receives a benefit package that includes 100 % paid health insurance, short term and long tern disability insurance and a life insurance policy for free, two weeks paid vacation, plus 8 paid personal or sick days and 50 cents on a dollar matching contribution to a retirement plan.

Your life insurance rates will go down — substantially... One 2007 comparison showed a 40 - year - old nonsmoker paying $ 55.13 a month for a $ 1 million 20 - year policy.

If you have a cash value policy and can no longer afford to pay the contract's premiums but still need insurance, for example, your carrier may be able to continue insuring your life by using your policy's cash value to buy term life insurance.

A few policies offer a lifetime benefit — meaning the insurance will pay out for as long as you live and remain disabled.

According to the National Association of Insurance Commissioners (NAIC), mortgage insurance lenders pay out only about 40 cents in benefits for every dollar spent by consumers on this type of policy, while it is 90 cents on the dollar paid out to consumers with regular term life insuranceInsurance Commissioners (NAIC), mortgage insurance lenders pay out only about 40 cents in benefits for every dollar spent by consumers on this type of policy, while it is 90 cents on the dollar paid out to consumers with regular term life insuranceinsurance lenders pay out only about 40 cents in benefits for every dollar spent by consumers on this type of policy, while it is 90 cents on the dollar paid out to consumers with regular term life insuranceinsurance policies

Term life insurance is very affordable and if you're a college graduate whose parents helped you pay for college by co-signing loans, a term policy will cover the loan amount if you were to pass away.

As an added benefit, the life insurance death benefit of the new hybrid policy would pay off her mortgage if she passed away, assuming she didn't use the policy for long - term care.

Cash value life insurance policies are typically permanent, meaning you have coverage for the entirety of your life so long as premiums are paid.

Universal life insurance is essentially a version of whole life insurance but with the added flexibility of using the policy's cash value to pay for premiums.

Permanent life insurance refers to a set of life insurance policies that provide coverage for your entire lifespan, so long as premiums are paid.

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.

For some permanent life insurance policies, you're also able to pay premiums using the policy's cash value.

Each time you pay premiums for a cash value life insurance policy, such as a whole or universal life insurance policy, part of the premium is put towards the cash value.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

«Direct term life insurance» simply refers to a term life insurance policy in which the party upon whose death the benefit would be paid out is the same party paying for the policy.

It's true that you may end up paying more for a life insurance policy than someone without diabetes, but it's going to depend on your overall health assessment.

When you plan for life's uncertainties by having a life insurance policy, you provide your family the opportunity to help replace lost income, eliminate debt, pay for college, keep a business afloat, protect family wealth, or address other financial needs and goals while they adjust to a new life.

Having said that, term life insurance, specifically, is more affordable than people realize: a healthy 30 - year - old pays an average of just $ 21 a month for a 20 - year policy.

When you pay your insurance premium for a permanent life insurance policy, the money is generally allocated in three portions:

A return of premium life insurance policy can work for someone who can afford paying a little extra each month and wants a relatively low cost forced savings vehicle, but may not be right for someone who just needs a basic term life insurance policy to protect their family and is more budget - sensitive.

Whole life insurance is a type of permanent life insurance policy that provides coverage for your entire lifetime, as long as you pay your premiums.

The results of a medical exam don't just reveal how healthy you are, they can also determine how much you will pay for your life insurance policy.

Term life insurance lasts a set number of years and then expires; a whole life policy lasts for as long as you pay the premiums.

is a type of permanent life insurance policy that provides coverage for your entire lifetime, as long as you pay your premiums.

Unlike permanent life insurance policies which remain in effect for your entire life (assuming your premiums are paid on time), term life policies remain in effect for a specific term or period of time.

No matter what type of life insurance policy you choose, the basic goal is to help your loved pay for their immediate financial needs and other costs in the event of your death.

Take life insurance as an example: you pay for a policy, and if you die during the term then that money (the death benefit) goes to the person you named as your beneficiary on the policy.

Guaranteed issue life insurance policies are designed so that surviving loved ones can pay for your final expenses, such as a funeral, burial, and medical bills.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

The proceeds from a life insurance policy can be used to help pay for funeral costs and final expenses.

With limited pay life insurance, you pay into the policy for an abbreviated period of time.

So even though it is more expensive than the cheaper whole life insurance to age 100, you will be paying into your policy for a shorter period of time, say for 10 years or to age 65.

A portion of your premium pays for life insurance coverage equal to the face value of the policy.