Sentences with phrase «person life insurance covers»

Key person life insurance covers one (or more) of your key employees, with the primary goal of protecting the value and ongoing operations of your business.

Not exact matches

If fewer than 100 people are covered by a pension plan, benefits plan (including medical, dental, life - insurance, scholarship, and disability), or fringe benefit, file Form 5500 C / R annually, listing details on membership, assets, and so on.

They've impacted how insurance companies decide who to cover and how much to charge — some people can't get insured now if they're on flood plains or if they live in the path of a likely forest fire.

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.

Life insurance companies routinely request HIV tests from anyone who wants an unusually high level of cover, for example above # 250 000, and from people they consider to be at high risk.

There's no doubt ICDs can save lives — especially for people whose hearts have been severely weakened by heart failure or a heart attack — but according to one estimate, only about 35 % of Americans who are eligible for the device actually have them, even though insurance generally covers the cost.

A life insurance policy is cover that a person takes out, keeps up with the monthly premiums and in turn the insurer undertakes to pay their dependents / beneficiaries out upon their death.

Whole life insurance can expire when the covered person lives beyond the policy's maturity date — although this is extremely rare.

Whole life insurance covers a person for their entire life, gradually building value over time.

Some people buy term life insurance as a supplement to a whole life insurance policy, to cover specific financial needs, such as a mortgage or college tuition.

The main reason people get term life insurance is to protect against loss of income in case of death, so their loved ones will be financially secure and can cover essential expenses, including living expenses, mortgage payments, and college tuition.

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 buy life insurance simply to cover their burial and funeral expenses.

Under certain circumstances, people who would otherwise be uninsurable on a single life insurance policy due to their health can be covered with another individual.

The life insurance company pays out the death benefit after the first person dies, so the survivor has money to cover expense, such as burial costs, pay debts, pay bills, etc..

Nationally, fifty - six percent of Americans aren't covered, and studies have shown that the primary reason those people don't have renters insurance is because they don't understand why it's important to them or relevant to their lives.

We've already covered Why You May Want Life Insurance Even if You're Retired, but there is a growing reason that stands out above all the rest: more people are working in retirement years than ever before.

In addition, the lower monthly premium allows people living on a fixed income to still have some kind of life insurance in place to cover the costs of funeral arrangements.

If the person covered by the life insurance policy dies within that term, the beneficiary (in this case, their parent) will receive a death benefit.

Term life is the the right kind of life insurance for most people, and it's kind of policy you'll want to buy to cover a debt like student loans.

Knowing whether your insurance covers your family and all of the people living with you that you consider to be your family tells you whether you might need an additional endorsement for someone or if there are limitations on the coverage.

Most people get final expense life insurance to cover:

Most people buy term life insurance to cover their working years, or any term between ten years or thirty years.

Even if your spouse doesn't have life insurance, and doesn't want it, you have an obligation to yourself, and to other members of your household, to make sure that every person in the home is adequately covered.

Proposed Insured: The person named in a life insurance application as the person whose life is to be covered by the insurance.

It's industry shorthand that describes a small whole life insurance policy that is designed to take care of funeral costs for the person being covered.

Additionally, Charlotte renters insurance pays for additional living expenses like the hotel stay these people have to endure until their apartments are livable again, since it's a direct result of a covered loss.

A life insurance policy covers one person, called «the insured» in insurance paperwork.

Some people want a policy to cover their family's anticipated cost of living, including mortgage payments and college tuition, while others might have less of a need for life insurance down the road.

The people living in an apartment building in the 1700 block of West Grand in Dayton probably are asking this very question right now: Are bullet holes covered by renters insurance?

Many people say it and if you have ever listened to a sales pitch from a life insurance agent then no doubt covering the tax advantages of life insurance was one of their key talking points.

An effective and relatively inexpensive life insurance policy that covers two people but only pays on the last survivor's death is called joint last - to - die life insurance.

It might be worth taking out a life insurance policy on that person or finding out a way to ensure that you'll be covered if something happens to them.

The sort of people who live in this community are the sort who probably already know they need insurance, and even know what they want to cover, but maybe don't know where to find Executive Towers at Lido renters insurance because they've never needed renters insurance before.

With last - survivor or second - to - die life insurance, the death benefit is paid after the second person covered under the policy dies.

Car insurance will also not cover damage that occurred when a person who lives with you but is not insured under your policy drives your vehicle.

If you'd rather speak with a real live person, just call one of our New York Renters Insurance experts to get covered quickly and have all your questions answered efficiently.

For instance, some people feel they are able to be more generous in their annual charitable donations knowing a life insurance policy is in place to help cover their family's needs in the event they pass away.

If a property is left empty for more than 30 days, it will only be covered by the home insurance policy if you can document that a reliable person was either living in the home or checking the property every four days.

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

But whole life insurance covers you your whole life, even though after you retire you have fewer people who depend on you.

It's recommended that the life insurance cover 5 - 10 times the key person's income.

Life insurance is great for covering debt and future expenses, but that doesn't mean people with money can't benefit from it as well.

Since guaranteed life insurance is highly accommodating and covers high - risk people, it's more expensive than other forms of final expense life insurance including simplified whole life.

Business Credit Life Insurance can help meet the financial obligations of your business should a person who is key to the success of your business die or suffer a covered accident.

Unfortunately, such political insurance only covers elected politicians, not people living in the real world.

In India, the word term insurance refers to a policy that provides financial cover by assuring an amount for the life of a person who is the policyholder during a specified interval of his life (called the term).

Most people that apply for life insurance for NHRA drag racers want to be covered while they are racing.

For younger people, term life insurance is a good choice to cover the breadwinner of the family when mortgages and college funds are being paid.

Unlike term life insurance, which only covers a policyholder for a certain number of years, universal life insurance continues to cover a person thought their entire life, even in those later years as he becomes a larger and larger investment risk for the company.