Sentences with phrase «people have life insurance policies»

Some people have life insurance policies on their children, their parents, their siblings, and sometimes even friends or employees.

If the deceased person had a life insurance policy, the family members (beneficiaries) may wonder whether they are entitled to the death benefit.

Thus, if these people have life insurance policy with large cash values they end up cashing a life insurance policy or selling their life insurance policies.

The only time you might want the policy is if you don't know which insurance company the insured person had a life insurance policy with.

Not exact matches

CBA is seen as a stable part of life in the country of 24 million where most people have had a mortgage, insurance policy or regular savings account with CBA at some point - often starting with its famed «Dollarmites» deposit account for school children.

A life insurance trust is a trust that has the power to purchase life insurance policies on the person who establishes the trust (the grantor), the grantor's spouse, or the trust...

A life insurance trust is a trust that has the power to purchase life insurance policies on the person who establishes the trust (the grantor), the grantor's spouse, or the trust beneficiaries.

Since permanent life insurance policies have much higher rates than term policies, and most financial obligations go away over time, term life insurance is typically the better option for most people.

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.

The person living in the apartment still needs renters insurance for them as an individual, even if the company leasing the unit has a commercial policy.

On the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiums.

Call Effective Coverage at [phone] or go online where you can chat live with a Virginia Beach renters insurance expert or use our easy and quick self - service options to bind your policy online without ever having to even talk to a real person, if that's your preference.

These policies are often marketed to older people who might have medical issues that make getting other life insurance difficult.

Under certain circumstances, people who would otherwise be uninsurable on a single life insurance policy due to their health can be covered with another individual.

Might provide coverage for people who would otherwise be uninsurable on a single life insurance policy due to their health

For the past 30 years, second - to - die life insurance policies have been sold to people for tax savings and flexibility.

I know of a situation where a life insurance policy lists two people... one as Primary (check boxed) and one as secondary (checked boxed) but in the «primary» column it has 50 % and 50 % on the line by both person's names and mentions somewhere that if the Primary dies then the secondary would get 100 %.

My daughter - in - law insists that a person can only have one beneficiary and one contingent beneficiary on a life insurance policy.

Guaranteed issue whole life insurance meets the needs of people with health conditions that would preclude the issuance of a more traditional term or whole life policy.

For many people in Los Angeles, insurance is easily viewed as another bill in an already tightly stretched budget; however, as many residents know all too well, having a home, car, life, or health insurance policy in place is a great benefit when unexpected troubles arise.

They will definitely take a harder look at underwriting prior to issuing a life insurance policy to a elderly person who has various medical conditions.

These policies are great for people who need life insurance immediately, or do not have the time to go through a medical exam.

Most people don't realize that these policies sold by a bank are not from licensed insurance agents and brokers, and have completely different characteristics than individual life insurance policies.

I am not satisfied with HDFC person regarding those three condition as mention in HDFC life insurance policy which is very confusing & you are also telling that this is as per IRDA rule but I have checked in LIC term plan there is no condition is mention is there.

If a policy of insurance has been or shall be effected by any person on his own life or upon the life of another person, the policyowner shall be entitled to any accelerated payments of the death benefit or accelerated payment of a special surrender value permitted under such policy as against the creditors, personal representatives, trustees in bankruptcy and receivers in state and federal courts of the policyowner.

For the non-finance people and beginners out there, how should we go ahead with such plans and know what to invest so that we will not end up worse than what we could have had from insurance companies (the surrender value) if we hadn't signed up for term insurance, ie, signed up whole life, limited premium, ILP policies instead?

The truth is, any insurance company with good financial ratings and customer service has the potential to offer «the best» life insurance policy for a particular individual — because «the best» depends heavily on each person's circumstances.

As long as you have an insurable interest in a person, you are fully and legally able to take out a life insurance policy on that person.

Whenever you buy a life insurance policy there has to be an insurable interest between you and the person who's life you are insuring or designating as a beneficiary.

A twenty five year old person could conceivably have life insurance coverage up to retirement at the age of sixty five should they so choose by purchasing a whole life insurance policy.

This strategy can be especially beneficial to a person who purchased a life insurance policy or annuity contract many years ago that has less favorable contract stipulations than those available today.

People, especially senior citizens, are increasingly gravitating towards selling their life insurance policy so that they can live out the rest of their golden years in financial peace, without having the constant stress about paying their medical expenses.

First, premiums are substantially higher than what a person would pay for a term life insurance policy for the same dollar amount, if it were to be issued.

Some people want a policy to cover their family's anticipated cost of living, including mortgage payments and college tuition, while others might have less of a need for life insurance down the road.

The majority of cases where a life insurance beneficiary is contested have to do with divorce (former spouse wasn't removed from policy) or changes made soon before death (predatory person convinced senior to make them sole beneficiary).

Some people do not have enough cash to get a life insurance policy or Perhaps, they are more concerned on what they can use to provide their «wants» rather than «needs».

Having a life insurance policy is essential particularly for the people who will benefit of the policy.

First, even though other people can take a life insurance policy out on you, you still have to sign the forms.

Many people have trouble keeping track of things (such as bills) as they get older and, with life insurance, that often means policies lapse after years of paid premiums.

Most people after having kids just need a simple, term life insurance policy for around 20 years.

You have to be careful though, there are people who have health problems, so they automatically assume that they would be declined if they applied for a life insurance policy, but in most cases, that isn't true.

«A lot of people buy term insurance early in their lives when they may not have the cash flow to pay for a permanent policy, but as their income improves or expenses go down it may make sense to convert the policy.»

Life Insurance is an asset, and ever since the Supreme Court ruled in 1911 that Life Insurance policies could be bought and sold as an asset, people have been doing so.

One last thing that variable and universal life insurance have in common is a drawback that all permanent life insurance policies have: They aren't necessary for most people.

Structuring the life insurance on a key person in such a way as to incentivize the key person to remain at the business until fully vested in the life insurance policy is a fantastic way to promote strong employee loyalty.

As an example, if a person has a $ 500,000 term life insurance policy, and a $ 250,000 whole life policy, and both policies are paid up, they have $ 750,000 in life insurance that is «in force.»

Many people choose lower cost term life insurance, promising themselves they will save and invest the money they would otherwise have spent buying a whole life or universal life insurance policy.

I found out a company still has a million dollar life insurance policy on me and I was fired 6 years ago — how can I report this — I am no longer a key person to this business and the business has been sold --

Some people prefer to invest in term life insurance and invest the difference they would have paid into a permanent life insurance policy in other ways.

If that same person had a properly structured cash value life insurance policy with paid up additions, they could access their money at any time, without any penalty, AND without any taxes.