Sentences with phrase «permanent policies allow»

Permanent policies allow you to elect a level or increasing death benefit.

Both term and permanent policies allow you to select an amount of coverage in exchange for your premium payments over the life of the policy, providing a lump sum payment to your beneficiaries when you die.

«Many permanent policies allow you to apply the dividends to help pay future premiums,» Aita said.

Plus, a permanent policy allows more money to be gifted out of the estate.

Plus, a permanent policy allows more money to be gifted out of the estate.

Not exact matches

And this «conversion priviledge» that's available * for free * on many but not all term policies allows you to move to a permanent insurance policy later by locking in your health status now.

Cenedella has mostly avoided specific policy prescriptions in his public comments and blog posts, but he currently sits on the leadership council of the Club for Growth, a conservative group that supports a variety of «pro-growth» fiscal policies, pushing to make the Bush tax cuts permanent, repeal the death tax, and overhaul Social Security to allow for personal retirement accounts for younger workers.

Convertible term life insurance allows you to extend the life of your policy by converting it to a permanent life policy.

Some term insurance contracts have a convertibility provision which allows «conversion» to a permanent policy without submitting additional medical evidence of insurability.

When cash value accumulates inside a permanent life insurance policy, tax advantages are allowed under current rules because it is a life insurance policy.

AUL's term life insurance includes a conversion option that allows the insured to convert all or a portion of the policy to permanent coverage.

Buying a permanent policy on your child while they're young will allow the cash value to accumulate into a substantial amount.

In addition, convertible term life insurance allows you to convert all or a portion of your face amount to a permanent policy.

The conversion option allows you to convert all or a portion of the death benefit to a permanent policy.

Also, make sure that your contract allows you to convert to the permanent policy of your choosing and doesn't limit you to a pre-defined substandard policy option.

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.

A conversion option allows you to convert all or a portion of your policy to permanent coverage with no evidence of insurability.

A type of permanent life insurance policy that allows you to modify your payment.

Conversion Benefit TruStage Term Life Insurance policies have a conversion privilege allowing you to switch all or some of your coverage to a permanent life policy, regardless of your health.

Prior to the ending of the level term period, however, or to the attainment of age 70 — whichever is earlier — the insured is allowed to convert the policy over to a permanent life insurance policy that Lincoln makes available.

Ask your agent about options for a renewable term policy, as well as policy riders that include allowing you to purchase additional insurance at a future date regardless of your health, or converting a portion of your term into a permanent policy.

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.

It's usually worth shopping around and sometimes paying a slightly higher premium for a policy that allows you to reduce the face amount of coverage, if desired, as well as to convert all or a part to a permanent policy through at least age 65.

Most term life insurance policies allow you to convert your term policy into a permanent life insurance policy such as whole life insurance.

If your term policy allows you to convert you can choose to option your rider and convert all or a portion of your death benefit to permanent life insurance.

Granted, term life insurance typically has a conversion option, which will allow you to convert your policy to a permanent life insurance.

Term life offered through United of Omaha is convertible which allows the owner to convert the policy to permanent life prior to the end of the term.

Ameritas» Keystone term policy is convertible term life insurance which allows the insured to convert all or a portion of the policy to permanent coverage.

The policy is convertible term life insurance, which allows you to convert to one of Prudential's permanent policies by the end of the term or age 65, whichever is first.

Permanent life insurance policies can include provisions, sometimes referred to as «riders,» that allow the insured to essentially increase his or her coverage over their lifetime.

Even though term insurance is not permanent coverage, you can usually get policies that will run for as long as 20 or 30 years, and may also contain automatic renewal provisions that will allow the term to be extended, or for the policy to be converted to permanent insurance at a later date.

Term Conversion: A policy provision that allows a term life insurance policy to be converted to a permanent life policy offered by the company for a specified period of time.

This offering allows you to convert all or a portion of the policy to permanent coverage.

The policy is convertible term life insurance, which allows you to convert your term policy to permanent coverage.

Owning additional term policies instead of a large permanent life policy for all those years would align better with your needs, be more affordable, and allow for different ownerships.

Thus, at a minimum, we suggest that «convertible term life insurance» is purchased which allows the policy to be converted into a permanent life insurance policy.

Universal life insurance is designed to offer many of the same benefits as traditional permanent * life insurance policies such as whole life, but offers more flexibility that allows you to adjust your premiums and coverage as your needs change.

Many, but not all, term life insurance policies include a provision that allows policyowners to convert to a permanent policy at some point during the policy's term.

Term conversions allow you to convert to a permanent life insurance policy with no evidence of insurability.

It allows the term policy to be converted over to a whole life insurance (permanent) policy, forgoing a new medical examination.

20 year term polices typically are also convertible, allowing the policy to be switched or converted to permanent insurance without a medical exam.

Most term policies allow you to convert them to permanent products at any time, without the need for a medical exam.

Most permanent life insurance policies allow you to take partial withdrawals or policy loans to pay for health care and other expenses.

Also, the insured may also wish to take advantage of the conversion option, which can allow him or her to convert the term policy over into a permanent form of life insurance coverage.

Converting a term policy over into a permanent form of coverage can allow an insured to obtain life insurance protection for life — regardless of future age increases and the possibility of contracting an adverse health condition.

Conversion allows you to convert all, or a portion, of your face amount to a permanent policy.

Note, due to many tax advantages of permanent coverage, the government does not allow for an endless piling in of your money into your policy.

A clause is written into most term insurance contracts that allows you to convert your policy to a permanent one.

Some permanent policies behave like a hybrid of investment and insurance, allowing you to grow your savings in a tax - sheltered environment.

Penn Mutual's convertible term life insurance allows the insured to convert all or a portion of the policy to permanent coverage prior to the end of the term or age 70.