Sentences with phrase «permanent need for the insurance»

This approach can meet many people's needs, unless you have a permanent need for the insurance, such as providing monthly income to a spouse or a disabled child.

Not exact matches

If you don't have plans to save for final expenses in advance, and the financial burden caused by your death would hurt your family, a permanent life insurance policy might help you deal with those financial pressures to make sure that your passing isn't worse than it needs to be.

In later life stages, permanent life insurance may offer, depending on the type of policy, the opportunity to accumulate cash value on a tax - deferred accrual basis, money that can be used for diverse needs.

The decision of whether to buy term or cash value (also known as permanent) life insurance depends on your personal needs and how much you want to spend for life insurance coverage.

(Conveniently, both are freelancers — he sells insurance over the phone, she's a medical illustrator — with no need for a permanent address.

People who need permanent life insurance protection but wish to take advantage of possible cash accumulation via an equity index might use IULs as key person insurance for business owners, premium financing plans or estate - planning vehicles.

Find out if term or permanent life insurance suits your needs for more optimal financial security.

For permanent needs you should consider permanent insurance such as whole, variable, or universal life insurance.

Start the process by getting a term life insurance quote or you can contact us and we can talk through what type of life insurance is best for your needs, whether that's a term policy, a permanent policy, or owning multiple policies.

Because we advocate using permanent life insurance for tax advantaged cash value accumulation through paid up additions AND other approaches, we suggest that convertible term will allow you increase your base of permanent life insurance as your needs and budget increase.

If we look at what it is, how to avoid it if necessary, and how to use it when needed, we'll be much more capable of keeping our permanent insurance policies working for us in a powerful way.

If you've made the decision to purchase life insurance, work with a local independent agent who will get to know you and help you find the best permanent life insurance for your specific needs.

When buying term insurance, you might look for a policy that is renewable up to an age when you think you will no longer need insurance and convertible to permanent insurance without a medical exam.

When you choose the plan that best suits your needs, your agent can tailor a permanent life insurance solution for you.

If you don't have plans to save for final expenses in advance, and the financial burden caused by your death would hurt your family, a permanent life insurance policy might help you deal with those financial pressures to make sure that your passing isn't worse than it needs to be.

For example, if a person's health declines, he or she may no longer qualify for renewable term and a permanent life insurance may be needFor example, if a person's health declines, he or she may no longer qualify for renewable term and a permanent life insurance may be needfor renewable term and a permanent life insurance may be needed.

Prepare for tomorrow's needs with the guaranteed option to convert to permanent life insurance, without going through an underwriting process

A Trusted Choice agent can help you analyze your needs and determine if a term policy, a return of premium policy, or even a permanent life insurance policy is the best option for your situation.

If you are considering permanent life insurance but have some questions or you need some additional guidance on which company and policy are the right fit for you, please give us a call today for a free strategy session.

Hopefully the following index universal life pros and cons article will help shed some light on what permanent life insurance is best for you — based on your unique need and goals.

Term life insurance is not available as a standalone policy on children (because the term would likely be over by the time they needed income replacement for their own families), but a permanent policy will last their lifetime so long as the premiums are paid.

However, the small amount of money you saved is not worth the under performing permanent coverage you are stuck with, unless your only need for the insurance coverage is the death benefit.

However, if you need more life insurance and have since developed health issues, converting to permanent will likely be cheaper than applying for a new term policy altogether because at that point your health will be taken into consideration.

If you are applying for a regular term life insurance policy or a permanent life policy, you will most likely need to complete an exam.

However, whole life insurance is best suited for a more long term or permanent need.

People that opt for permanent life insurance at an early age often find that because premiums are higher than with term life insurance, they skimp and buy less insurance than they really need to replace lost wages, pay off a mortgage or pay for their children's college education if they die.

For more reasons why you should apply for a life insurance product whether it be a Term or Permanent product, and for help in finding the right plan for your needs, at the best value, take a look at our section called «Most Important Questions&raqFor more reasons why you should apply for a life insurance product whether it be a Term or Permanent product, and for help in finding the right plan for your needs, at the best value, take a look at our section called «Most Important Questions&raqfor a life insurance product whether it be a Term or Permanent product, and for help in finding the right plan for your needs, at the best value, take a look at our section called «Most Important Questions&raqfor help in finding the right plan for your needs, at the best value, take a look at our section called «Most Important Questions&raqfor your needs, at the best value, take a look at our section called «Most Important Questions»

For the purpose of insuring ourselves in the event of death and TPD (total permanent disability), I believe that term insurance meets the above needs for the vast majority of peopFor the purpose of insuring ourselves in the event of death and TPD (total permanent disability), I believe that term insurance meets the above needs for the vast majority of peopfor the vast majority of people.

If you don't think that this will be your situation, that you will need life insurance for the rest of your life, than whole life will provide you with permanent coverage.

If you look at the above graph and compare the blue line (the cost of life insurance on a yearly basis) with the white line (permanent insurance, premiums level for life), you'll see that in the early years, the whole life premiums far exceed the actual cost of insurance — the company is taking in premiums far higher than they need.

Permanent insurance may make more sense if you anticipate a need for lifelong protection, or if the option of accumulating tax - deferred cash values is attractive to you.

If you just need life insurance for a specific time, choose term insurance (in many cases term can be converted to permanent insurance).

Whether you need term life insurance, permanent life insurance or just want to compare policies, connect with a licensed agent for help with the following services:

CompLife is a permanent life insurance policy to which you can add term coverage if you just need the additional financial protection for a short period of time.

There are very few needs in life for permanent insurance, and most people find themselves not requiring life insurance after their home mortgages are paid off and their children are grown.

«Term life is great for income replacement during your working years, but it's generally not suitable for a permanent need such as estate planning,» says Tom Ewanich, vice president and actuary at Fidelity Investments Life Insurance Company.

The fact is that most people have a finite, short (ish)- term need for life insurance, and they are interested in getting the maximum life insurance possible for the lowest cost possible (term life is substantially less expensive than permanent life when you are younger).

When purchasing a final expense life insurance policy, it is important for an applicant to determine the type of coverage that they need — term versus permanent — as well as the amount of coverage that will be appropriate for their specific needs.

Permanent life insurance is a complicated product, so you should consult with both your financial advisor and an independent agent who specializes in life insurance to assess your needs and advise you on the best policy for you.

A term life insurance policy may work for you if you only need coverage for a limited amount of time (such as when your children are young), especially since permanent life insurance can be more expensive than term life plans.

Term life insurance is often more affordable than permanent life insurance, especially if you only need coverage for this set period of time.

He founded Byron Udell & Associates in 1986 and, for the first eight years, focused mainly on helping wealthy individuals and families with their permanent and term life insurance and estate planning needs.

Because it never expires *, permanent life can be used as the foundation of your overall life insurance plan for a variety of life stages and financial needs.

When the temporary need is replaced by a permanent one, this is an ideal way of keeping insurance coverage without having to qualify for it again.

Permanent life insurance for infinite banking needs to be expertly designed to expedite and maximize cash value accrual without violating current tax laws.

Your best approach is to work with an independent agent in the Trusted Choice network who can do the comparison shopping for you and help you buy the right permanent life insurance policy for your needs at the best rates.

The cash value of permanent insurance is useful for complex financial situations but whole, variable and universal life insurance have different means of gaining interest, which needs to be taken into account.

I've tended to prefer term insurance for death benefit needs and traditional, portfolio - based (meaning investment returns are driven by the insurance company's general portfolio / account) whole life insurance with a mutual insurance company for permanent death benefit and cash accumulation needs.

I still need to have a «permanent address» for income tax, health insurance, driver's license, etc..

If your child has suffered an injury during birth that has caused any temporary or permanent damage, do not hesitate to reach out to contact us and we will set you up with a dedicated birth injury lawyer on our team who who will be able to take on the tough fights against insurance companies, hospitals, and negligent treatment providers to help you get the resources you need to cover the years of special treatment for your injured child.