Sentences with phrase «people purchase life insurance»

One of the most common reasons people purchase life insurance is to pay off major bills or a mortgage.

Paying off one's mortgage in the event of death is usually the primary reason people purchase life insurance today.

For example, many people purchase life insurance in order to protect a spouse or loved ones from the loss of the insured's income.

Why do Most People Purchase Life Insurance?

Below are some examples and explanations of why people purchase life insurance to protect their families.

One of the key reasons that people purchase life insurance, however, is for paying funeral costs and other final expenses.

Most people purchase life insurance primarily for income replacement in the event of their death, but permanent life insurance also functions as part of an investment strategy.

Sometimes, people purchase life insurance through a bank or credit union, not realizing that the policy only covers accidental death.

After all, most people purchase a life insurance policy because they want to leave... Continue reading Do Single People Need Life Insurance?

That's why so many people purchase life insurance and / or accidental death and dismemberment (AD&D) insurance policies.

Some people purchase life insurance for children as they reach early adulthood to help them get a head start on life.

One of the biggest reasons people purchase life insurance is to replace the insured's income.

Most people purchase life insurance because of love.

Most people purchase life insurance to cover a specific financial need.

Many people purchase life insurance strictly to cover their working life, so the strategy here is if you think you will work 15 more years, a 15 year term policy may be the most suitable product for you.

Most people purchase life insurance for the purpose of protecting loved ones from a potential financial loss if an insured individual should pass away.

Whether for their families, spouses or even essential business partners, people purchase life insurance to help those they care about have more secure financial futures.

This is the number one reason that people purchase life insurance.

Take a look below at the list of reasons people purchase a life insurance policy and see how these reasons relate to you and fit your current situation.

As far as term length goes, many people purchase life insurance until they retire.

The main reason most people purchase life insurance is to cover the financial needs of their loved ones in the event of unexpected or untimely death.

This is a big reason people purchase life insurance on their children, says Marvin Feldman, CEO of Life Happens, a consumer education group funded by the life insurance industry.

Most people do and here are the primary reasons people purchase life insurance in their fifties:

Additionally, some people purchase life insurance protection when an existing insurance term policy is ending or has already expired.

People purchase life insurance for many reasons, most of which deal with covering funeral expenses, leaving behind legacies, or paying off debts.

There are many different reasons why people purchase life insurance coverage.

Many people purchase life insurance to help secure the financial stability of their loved ones after their death.

Many people purchase a life insurance policy to help replace their income or cover funeral costs if they pass away unexpectedly.

For instance, many people purchase life insurance when they get married or have children to ensure their surviving loved ones have a financial safety net.

When a person purchases a life insurance policy, properly referred to as an insurance contract, they acquire certain rights.

She was under the impression that people purchased life insurance themselves.

But to be perfectly frank, I take issue with people purchasing life insurance through a company that doesn't specialize in life insurance too.

Most people purchase life insurances for their family's future financial security.

If a young, healthy person purchases life insurance, they will pay less than someone with a serious heart condition who's in their late 50s.

Many people purchasing life insurance in their 40's are building up their cash reserves, reducing debt, increasing retirement savings and ensuring their final expenses are met.

Not exact matches

Today, people expect that same rarified service from every purchasing experience, whether the product is the latest fashion attire — or life insurance.

The Centers for Medicare and Medicaid Services (CMS) has issued new rules that will make it more difficult for consumers to purchase insurance on Obamacare's marketplaces outside of its set enrollment period (Obamacare allows «special» enrollment periods for people who have experienced a major life event).

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...

When most people call in to Quotacy to ask about purchasing permanent life insurance, they are initially looking for a 6 - figure face amount (like term plans offer) to cover their entire life.

You can use life insurance funding if you are one of the parties specified in a buy - sell agreement to purchase all or part of the business interest held by another buy - sell participant at the other person's death.

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.

If your death will result in financial consequences to one or more people (i.e. spouse, children, business partners, etc) that you consider unacceptable, then you should probably purchase life insurance.

(Small businesses may wish to consider purchasing life insurance policies for key individuals, such as an owner or top employee, to help prevent financial distress if that person were to die.)

For many people, it also involves purchasing the right amount of life insurance to protect their family's lifestyle.

Aside from contractual requirements, many people choose to purchase life insurance because it can provide financial relief to their families and loved ones if they pass away.

When most people call in to Quotacy to ask about purchasing permanent life insurance, they are initially looking for a 6 - figure face amount (like term plans offer) to cover their entire life.

Many people hesitate to think about purchasing not only life insurance not only because of the cost, but also because they do not wish to dwell on their mortality.

To purchase a life insurance policy on someone else you need two things: insurable interest and the person's consent.

In these cases, the insurance company believes that the person who purchased the policy falsified information on the life insurance application in order to qualify for the policy.

Because key person insurance is simply life insurance that insures the company against the loss of a key business partner or key employee, the decision to purchase key person insurance necessitates some choices about the type of insurance that is most beneficial.