Sentences with phrase «policy rider options»

Not exact matches

A terminal illness rider, also known as an accelerated death benefit rider, offers you the option of receiving a percentage of your policy's payout immediately in the case you're diagnosed with a terminal illness.

We want to provide you the freedom to shop around and compare monthly costs to different policy options such as the death benefit, optional riders, and length of the contract.

The payout for the policy with CPI - U rider in this example provides a payout between the 2 % inflation rider and 3 % inflation rider option.

A long - term care rider — another option which can be added on to your term life policy — protects your family from financial loss if you don't pass away, but require full - time care or need to stay at a nursing home.

Critical illness riders are also an option, covering you if you are diagnosed with certain cancers or other sicknesses defined in the policy.

Premium Waiver rider (UIN: 130B005V03): 100 % of all future premiums under the base policy are waived and paid by the company on the death & total permanent disability or critical illness of Proposer, depending on the chosen option.

Each policy will have different options for this rider when it comes to length of benefit payment and how much it will cost.

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.

Term conversion rider is a flexible way to buy a cheaper option with the availability of converting it to permanent insurance policy down the road.

A terminal illness rider, also known as an accelerated death benefit rider, offers you the option of receiving a percentage of your policy's payout immediately in the case you're diagnosed with a terminal illness.

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.

On the other hand, if you choose to buy their online term policy, MetProtect, it would have cost you less, however, the critical illness cover or for that matter any rider option would not be available with this plan.

When you are ready to compare term life insurance quotes, Quotacy is here to teach you about your options, such as convertible term life insurance and the multiple riders you can add to your policy.

In general, any extra options or riders added to a policy will require compensating the insurer for additional risk they've assumed.

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.

With a guaranteed insurability rider option, this policy must be considered when reviewing the best participating whole life insurance companies.

But the designs for these policies have largely stabilized over the past five years, due in part to the increased popularity of combination products, such as annuities and life insurance long - term care rider options.

The policy also offers a guaranteed insurability option (GIO) rider.

Sewage backup: That option is often not covered in many policies but rather offered as an optional coverage (also called insurance rider).

They may also add a smaller whole life insurance rider (policy option) which can provide lifetime coverage during retirement years.

Some policies even have the option to add riders for pets.

A New York Life agent can help you sort through the options and decide which, if any, life insurance policy and riders best fit your situation.

Rider — A rider is a term used for any additional benefits or options you can add on to your policy.

You can also see an insurance carrier's financial ratings with various institutions to give yourself some peace of mind about their stability, and you can see what term lengths, coverage amounts, and rider options they have so you're confident they can provide policies that work for you.

Riders are additions or modifications to a life insurance policy that give the policyholder either flexibility or extra coverage options.

Renters insurance endorsements (also called riders or options) are like endorsements for any other insurance policy — they raise the claim limit for a specific category.

In many cases, this return of premium option is a rider on your traditional term life insurance policy.

The Trendsetter Super Series includes the option for an accelerated death benefit if you have over $ 50,000 in coverage, but you can add this feature as a rider for smaller policies.

With many rider options available for your policy, it's mandatory to understand each one so you can choose the best coverage for your family.

Many of the best term life insurance policies offer options called riders, which can be added on to your existing policy or be purchased separately (depending on the rider type).

Whether an applicant decides to go with whole life or guaranteed universal life, a couple of options worth exploring with an agent include possibly setting up a lifetime of guaranteed monthly income for beneficiaries or including a rider that gives a policy holder the ability to waive premiums if they become disabled and can't work.

Carefully review the details of your insurance policy — the policy terms and conditions, available riders, customer service options, payment options and product guarantees.

You have two options: a child whole life insurance policy or a child rider on your term life insurance policy.

Rather than having to buy an individual long term care insurance policy, as of 2009 you can buy life insurance with a long term care rider instead, opening the market up to more LTC retirement planning options.

AUL is a good mutual company (A + rating with A.M. Best) and also made our top 10 list because it is a «non-direct recognition» company that offers tremendous flexibility with its paid up additions rider option for their whole life policy.

Riders allow you to customize a policy, but your options may be limited or cost - prohibitive depending on the carrier.

You can think of riders as à - la - carte options to supe up your policy.

Term conversion is another rider that gives you the option to convert your term policy to a permanent (whole life) policy.

Some Life Insurance policies offer Long Term Care as a rider or option.

Trailer insurance, whether included as part of your car, truck, boat, or ATV policy or purchased as a separate rider, will offer a few different types of coverage options.

Mortgage protection policies typically include benefits unavailable on straight life insurance products, options such as the return of premium, critical illness availability, terminal illness, confined care riders, and a simplified non-medical application process.

Many simplified issue plans also have «riders» and other policy options that can add a little cost, but they can also provide you other important benefits and protection.

You can think of riders as à - la - carte options to supe up your policy.

MetLife's GLT coverage comes with a rider option called a Non-Convertible Disability Waiver of Premium, which waives all base premiums of the policy if the policyholder were to become disabled for at least six months.

The benefits of insurance riders include increased savings from not purchasing a separate policy and the option to buy different coverage at a later date.

SBLI offers a full suite of whole life insurance policy riders, such as Accelerated Death Benefit, Child Term Rider, Guaranteed Purchase Option and Waiver of Premium.

You can customize your policy with options and riders such as Waiver of Premium, Accidental Death, and Children's Insurance.

Some Life Insurance policies offer Long Term Care as a rider or option.

Many people wonder about getting life insurance for their children, and with each policy, there is always an option to add a child rider.

Simply put, if you live to the end of your selected term and you have a return of premium rider option in your policy, 100 % of your premiums will be returned to you.