Sentences with phrase «permanent life policy without»

Term Conversion Rider — With the term conversion rider, an insured may convert his or her term life insurance policy over to a permanent life policy without having to provide any evidence of their insurability.

Conversion — allows insured employees and their dependents to convert their term life insurance to a permanent life policy without evidence of insurability within 31 days of termination from employment.

A conversion clause allows policies to be converting into a permanent life policy without evidence of insurability.

For example, if you have a $ 50,000 convertible term policy, you could convert it into a $ 50,000 permanent life policy without providing health history.

Not exact matches

A convertible policy is simply a term life insurance policy that can be converted into a permanent life insurance policy without the hassle of a new medical exam or underwriting process.

Many insurers offer convertible term life insurance policies, meaning that for a specified period of time you can convert the term policy to a permanent life insurance policy without going through a new medical review.

Permanent policies, on the other hand, are used to fill smaller financial obligations at the end of one's natural life, which often means that it's geared towards people who are past retirement and without any dependents.

Once they become older, you can convert the rider into a small standalone permanent life insurance policy without having to re-prove their insurability.

All types of permanent cash value policies typically have a specified cash surrender period that must lapse before you can completely withdraw the cash value in the policy without paying penalties to the life insurance company.

A convertible policy is simply a term life insurance policy that can be converted into a permanent life insurance policy without the hassle of a new medical exam or underwriting process.

In other words, if you have a term policy and you get sick or injured in a way that would prevent you from being insurable, you can convert to a permanent life insurance policy without taking a medical exam or answering health questions and keep the life insurance coverage the rest of your life.

The term conversion rider, normally built - in to every life insurance policy, allows you to convert a term life insurance policy into a permanent life insurance policy without having to take another medical exam.

Legislation allows investments within permanent life insurance policies to grow without any tax consequences, as long as it remains under the maximum tax - exempt amount.

The availability to convert an ROP term policy into a permanent policy, without having to go through life insurance underwriting, is available.

You have the right to convert all or part of your CoverMe Term Life insurance policy to a permanent insurance plan without providing medical information or undergoing a medical examination at the time of conversion.

There is also a conversion privilege where the insured can convert his or her term life policy to another North American Life policy that is permanent — and, they can do so without the need to take a medical examinatlife policy to another North American Life policy that is permanent — and, they can do so without the need to take a medical examinatLife policy that is permanent — and, they can do so without the need to take a medical examination.

Term policies can be converted without evidence of insurability, so all it takes is for you to fill out a form and you will have permanent life insurance.

With this policy, the policy owner does have the option of converting the term life insurance policy over to a new permanent life insurance certificate — without having to prove evidence of his or her insurability — until the earlier of the certificate anniversary on which the insured is age 65, or 5 years prior to the end of the initial term period.

If you aren't yet certain that you want term coverage, Voya also offers a wide selection of permanent life insurance policies and you can convert your policy later without having your health reassessed.

Convert your CoverMe Term Life insurance policy to permanent life insurance at any time before age 70 without providing medical information or undergoing a medical examination at the time of conversion — some restrictions aLife insurance policy to permanent life insurance at any time before age 70 without providing medical information or undergoing a medical examination at the time of conversion — some restrictions alife insurance at any time before age 70 without providing medical information or undergoing a medical examination at the time of conversion — some restrictions apply

If you're looking for a policy without an expiration date, permanent life insurance may be a better fit for you.

Basically what you can do is in the future, trade in your term policy for a permanent life insurance policy, with the same company — without a medical.

If you want continued protection, though, a term conversion rider lets you convert a term life insurance policy into a permanent policy without taking another paramedical exam — a welcome adjustment, because taking an exam when you're old enough for your term policy to have expired would likely make the premiums prohibitively expensive.

Many of the term life insurance policies that are offered through Mass Mutual can be transformed over into permanent life insurance plans, typically without the insured having to take a medical exam or prove insurability.

A convertible term life insurance policy can be converted by the owner into a permanent life insurance policy during a specific period of time, without requiring an exam or proving the insured is healthy.

A type of term insurance that allows you to exchange the term insurance policy for a permanent life insurance policy (whole or universal) without having to take a new medical exam.

Some of their policies include an advocacy program that believes cats are better off to live outside without a permanent home than be brought in a shelter to be put down.

The VantisLife ROP life insurance policies — excluding riders — can be converted to Vantis Life permanent life insurance up to age 65, without evidence of insurabillife insurance policies — excluding riders — can be converted to Vantis Life permanent life insurance up to age 65, without evidence of insurabilLife permanent life insurance up to age 65, without evidence of insurabillife insurance up to age 65, without evidence of insurability.

Also, if the coverage is convertible (the coverage can be «converted» to a comparable permanent life insurance policy, without the need to provide evidence of insurability), you can get the coverage you need today — with the ability to purchase permanent insurance coverage in the future.

With Convertible Term Life Insurance, she can get a permanent policy, for the rate of a healthy 50 year old at the Preferred rate, without having to actually be a healthy 50 year old.

What that means for you is at the end of your term period or age 75, whichever comes first, you will have the options to convert the temporary coverage to a permanent life insurance policy without proof of insurability.

Easily convertible to a permanent universal life insurance policy anytime in your first 20 policy years up to age 70 without additional medical exams.

If you still need coverage after your term life policy expires, your carrier may offer the option to convert it to a permanent life insurance policy — without taking a new medical exam or answering health questions again.

At the end of the term, the insured may opt to convert the policy into a permanent, universal life insurance policy, without the need to undergo a medical examination.

This valuable feature allows you to convert your term policy to a permanent policy (e.g., whole life insurance) without submitting evidence of insurability.

Term Conversion The act of exchanging all or part of a convertible term life insurance policy or rider to a permanent life insurance policy, without evidence of insurability.

Conversion to a Permanent Life insurance policy If you wish, you can convert your CoverMe Term Life insurance policy at any time before your 70th birthday without providing medical information or undergoing a medical examination at the time of conversion.

Pacific Life does not put much effort in trying to be a leader in term coverage, and they do make the push to permanent, allowing you to convert this term policy to a universal without any additional underwriting (though your costs will rise, per thousand).

The ability to convert a term life insurance policy into a permanent policy, usually without a medical exam or proof of insurability.

The conversion privilege for a term insurance policy means that you can make the switch to a permanent life insurance policy without proof of good health.

A prime benefit of the whole life cover is that it is regarded as a permanent life insurance policy, which is designed to provide the policy holder with a lifetime coverage protection without any changes in the premium amount or the time period.

Many, but not all term policies sold today, are convertible which means you can automatically convert the policy to «Permanent» life insurance without having to undergo a medical exam (you must convert before the expiry date outlined in the policy).

-- As opposed to a term policy, which expires with no payout or cash value at the end of the term, a permanent policy covers the policy owner throughout all of his / her life without an unwanted adjustment in premiums.

A convertible term life policy can allow you to benefit from attractive rates, plus the ability to upgrade the policy to permanent coverage without another medical exam.

With Nationwide YourLife Guaranteed Level Term, you have the ability to convert your policy to a permanent life insurance product without evidence of insurability.

But unlike term life insurance, you have the unique options to exchange the policy for traditional permanent coverage without another medical exam, or adjust the death benefit if your needs change.

First, if you already have a term life insurance policy and you're looking to buy more protection, check whether the current policy has a conversion rider, which will let you convert it into a permanent policy without going through additional underwriting.

The term conversion rider, normally built - in to every life insurance policy, allows you to convert a term life insurance policy into a permanent life insurance policy without having to take another medical exam.

If you want continued protection, though, a term conversion rider lets you convert a term life insurance policy into a permanent policy without taking another paramedical exam — a welcome adjustment, because taking an exam when you're old enough for your term policy to have expired would likely make the premiums prohibitively expensive.

By obtaining a term conversion rider, the policy holder of a term life policy will be able to convert the term policy into permanent coverage without the need to undergo a medical exam to prove his or her insurability.