Sentences with phrase «permanent policy when»

Some policies can be changed into a permanent policy when a child hits a certain age, no matter what their health is.

You should keep in mind the conversion privilege and convert to whole life or another type of permanent policy when able... like the universal life policy.

Most states require a conversion privilege, which allow employees to convert their policy to permanent policy when they leave their job.

An elderly man purchased a permanent policy when he was working to protect his family.

Make sure the policy includes a conversion right — the right to exchange the term policy for a permanent policy when the 10 - year period expires, in case at that time he can't qualify medically for a new life insurance policy.

And, because of the conversion feature, the child may be able to acquire a permanent policy when they convert the policy at the maximum age of coverage.

Another important note is the fact that you are guaranteed the option to convert all or some of the term policy rider into a permanent policy when the child reaches age of majority.

Some policies will allow you to convert some or all of the term policy into a permanent policy when the child reaches the specified age of maturity, regardless of their health.

Consider this possible bias when you're evaluating advice from an insurance agent, especially one who's pushing a permanent policy when your needs can be met by a term life policy.

An elderly man purchased a permanent policy when he was working to protect his family.

Another important note is the fact that you are guaranteed the option to convert all or some of the term policy rider into a permanent policy when the child reaches age of majority.

Most states require a conversion privilege, which allows employees to convert their policies to permanent policies when they leave their jobs.

Not exact matches

When you reach the end date of a permanent life insurance policy, the policy «matures.»

«I've had clients for 20 years thank me for advising them to convert from term life to permanent life insurance when they did... The value of the policy can grow significantly,» he said «It's a very useful planning tool.»

Benjamin Barnes, who heads the state's Office of Policy and Management, made a startling announcement Tuesday when he declared Connecticut has «entered into a period of permanent fiscal crisis in state and local government.»

Partisan orders would be canceled when an opposing party president takes office, making them much less useful for permanent policy changes than signed laws from congress.

Three key aspects to the state's teacher policies were challenged: the way tenure («permanent employment») is granted, the process for firing teachers, and the last - in - first - out method of laying off teachers when it's financially necessary.

When you compare permanent life insurance quotes, the policies you compare must be based on your specific needs.

While basic group term life insurance typically is terminated when you leave your employer, supplemental coverage and permanent policies may be portable.

When you pay your insurance premium for a permanent life insurance policy, the money is generally allocated in three portions:

When you are comparing life insurance companies and policies, be sure to work with a knowledgeable independent agent who can assess how well various permanent life insurance companies have performed.

What is much more common, is when people come across a wonderful new annuity or permanent life insurance product, and then says «I wonder if I could replace my existing life insurance policy with a new one?»

But when it comes to permanent life insurance, some other factors weigh heavily on your premium, such as policy design.

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.

When you compare permanent life insurance policies, it is wise to make sure you know how your coverage, premiums and beneficiaries are affected long term.

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 eWhen 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 ewhen you think you will no longer need insurance and convertible to permanent insurance without a medical exam.

There is also an option to convert our term life insurance products to one of our permanent life insurance policies when your needs and budget change.

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

When looking into what type of life insurance to buy, you should consider a permanent policy.

Also, when it comes to selling your life insurance policy, it's important to note that permanent life insurance policies like whole life, universal life, and all their cousins are eligible.

This GUL policy often has one of the lowest premiums in the marketplace, making it an excellent choice when you are looking for permanent death benefit protection vs cash value accumulation.

A partial term conversion is when you take a portion of your term policy and convert it to a permanent policy.

A 1035 exchange is when you use your cash value from an old whole life policy to buy a new permanent life policy.

When you shop for life insurance through Quotacy, you'll be able to see which life insurance companies offer the option to convert into a permanent policy before you apply.

A credit the insurance company provides when converting a term life insurance policy to a permanent policy.

When it comes to permanent life insurance, there are three types of insurance policies — whole, universal and variable.

When you reach the end date of a permanent life insurance policy, the policy «matures.»

A term policy may have been perfect for you when you were younger, but as you age, a permanent policy may fit your situation better.

The drawback to whole life would be that whole life insurance rates tend to be higher than other forms of permanent coverage, particularly when you are dealing with a Whole Life Guaranteed policy, such as the one offered by MOO.

When purchasing insurance, you may add virtually any form of term insurance to a base permanent policy in the form of a term rider.

As long as the premium is paid, a permanent policy only terminates when the insured dies or if the owner surrenders the policy.

If you are looking for a life insurance policy that will just cover you for a specific amount of time, such as when your children are young or while you are paying a mortgage, you may want to consider a term life policy over a permanent life policy.

Primerica offers a variety of options when it comes to their term policies but doesn't have alternatives for those that want whole life insurance or other permanent life insurance products.

If you were sold the policy when you were self - employed or not in full - time permanent employment, you will receive a full refund of the «involuntary unemployment» element of the premium.

When the policy expires, so will your coverage; if you still want to be insured you'll have to either shop for a new policy or convert the policy into a permanent version.

Therefore, a permanent policy must be used to ensure that the funds will be available when needed.

This is particularly important when it comes to permanent life insurance policies since coverage is already quite expensive.

When making a charity the beneficiary of a permanent policy, the donor retains ownership of the permanent policy and, therefore, has continued access to the policy's cash value.

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.

«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.»