Sentences with phrase «policy than the death benefit»

Luk says some entrepreneurs may go further and consider a universal life plan, in which the policyholder pays more into the policy than the death benefit requires.

When / if the primary insured dies during the life of the policy than the death benefit will be paid to the beneficiary.

As long as you don't «over commit» by purchasing a life insurance policy that you can't afford, you'll rarely reach the point of paying more into the policy than the death benefit received.

After all, if you lived just 10 years, you would have already paid more premiums into the policy than the death benefit is worth.

Not exact matches

Such policies also pay out a death benefit to your heirs when you die, but they are far more expensive than term life.

These insurance policies are less pricey than traditional life insurance, since they pay benefits only after the death of both husband and wife.

Of course, the policy's cash value changes over time and is lower than the total sum of the death benefit it provides.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

However, few people actually need these policies, which are very expensive and restrict their death benefit to less than $ 25,000.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

No medical exam life insurance policies are available for both term and whole life insurance, but the death benefits for whole life coverage are typically limited to less than $ 50,000 (while term coverage is usually limited to $ 500,000).

And life insurance policies with limited underwriting, such as simplified issue or guaranteed acceptance policies, regularly restrict death benefits to be less than $ 100,000 to $ 250,000.

Whole life insurance policies are generally more expensive than alternatives, such as term life insurance, and the death benefit directly impacts that cost, so it's important to evaluate your family's needs before deciding to purchase.

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

This feature guarantees that the policy will not default, even if the cash surrender value falls to zero or below, provided that the Death Benefit Protection Value remains greater than zero and policy debt never exceeds the Policy policy will not default, even if the cash surrender value falls to zero or below, provided that the Death Benefit Protection Value remains greater than zero and policy debt never exceeds the Policy policy debt never exceeds the Policy Policy Value.

The amount you receive will be greater than the policy's cash value and less than its death benefit.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

And life insurance policies with limited underwriting, such as simplified issue or guaranteed acceptance policies, regularly restrict death benefits to be less than $ 100,000 to $ 250,000.

This rider allows you to receive a portion of your policy's death benefit while you're still alive if you've been diagnosed with a terminal illness (meaning less than 12 months to live).

Death benefits are usually smaller than traditional life insurance policies.

No medical exam life insurance policies are available for both term and whole life insurance, but the death benefits for whole life coverage are typically limited to less than $ 50,000 (while term coverage is usually limited to $ 500,000).

With a family income policy, rather than a lump sum of money, the death benefit is paid out in monthly increments as a portion of the total death benefit.

This helps keep term life premiums lower for young people than permanent policies, which eventually will have to pay a death benefit.

And if you are in need of a larger death benefit initially than your budget allows, you can add a term life rider to your policy to enhance your initial death benefit.

In addition, Sagicor's simplified issue whole life and universal life insurance policies have higher options for death benefits than you can find almost anywhere else.

Premiums are level for the entire length of coverage and you can purchase a policy with no medical exam if the death benefit isn't greater than $ 400,000.

These policies are typically selected to secure a permanent death benefit rather than for cash value accumulation.

Since they're better able to assess your risk through the health questions, this policy's death benefit can be as high as $ 50,000 in value, though this is still significantly lower than what is available through alternate insurers.

These qualifiers don't actually change how the policy works, though death benefits will often be restricted to less than $ 100,000.

The accelerated death benefit rider comes in handy if you are diagnosed with a terminal illness and, depending on the policy, have less than one to two years to live.

Because the death benefit amount of your cash value life insurance policy may change over time as its cash value grows, make sure to specify a percentage of the proceeds to go to your beneficiaries rather than selecting a dollar amount.

The percentage of the death benefit you can receive is generally less than 50 %, what qualifies as a terminal illness varies depending on your policy, and the payout you receive may be deducted with interest from the face value of your policy.

So much so that more financial consumers say they would rather leave behind family photos (54 %) than a death benefit from a life insurance policy (49 %), according to a new survey from Life Happens.

Death benefits for guaranteed acceptance policies are generally limited to less than $ 25,000.

Rather than your coverage ending like a typical term policy, Custom Choice UL simply lowers the death benefit over time but your premium remains the same.

Child Whole Life insurance policies can also be designed to do much more than just provide a death benefit.

Policies with less than $ 1 million death benefit, if you're between the ages of 20 - 40 (for 15, 20, 25, and 30 - year term pPolicies with less than $ 1 million death benefit, if you're between the ages of 20 - 40 (for 15, 20, 25, and 30 - year term policiespolicies)

Another top cash value company and policy, Pacific Life's Pacific Indexed Accumulator (IUL) is designed for high cash value growth, rather than a high initial death benefit.

The maturity clause of a life insurance policy is fairly complicated, but this basically means that the value you would be able to keep by surrendering the policy becomes larger than the total death benefit.

Key person life insurance policies are taken out by companies on their employees, with death benefits that are paid to the company, rather than to the insured person or to their estate or heirs.

Further, total death benefit coverage falls short with women as well, as life insurance policies for women have 22 % lower death benefits than men.

If the insured dies early in the policy's life, the death benefit paid to beneficiaries will be much lower than would be the case if option A was chosen.

The advantage of this kind of policy is that it isn't too much more inexpensive than term life insurance and yet offers a permanent death benefit.

2 The adjusted total premium is the initial single premium plus any underwritten increases, less any partial surrenders and any applicable surrender charges in excess of policy gain and any loans and accrued loan interest, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value, The death benefit guarantee will not apply if the sum of any outstanding loans plus accrued loan interest is greater than the policy's cash value.

The concept of selling your life insurance policy is known as a life settlement, this process involves selling your policy for an amount of cash that is less than your death benefit and more than the amount that is in your cash value account.

Because the death benefits decrease over time, these policies tend to be more affordable than a standard term life insurance policy.

First, they pay out the death benefit on a graded basis, and second, they charge a higher premium than alternate policies.

However, this type of policy may feature less expensive premiums than two individual policies, allowing the policy owner (s) the potential to buy a policy with a larger death benefit than might otherwise be affordable using separate policies.

If death or injury occurs more than three months after an accident, the benefit might not be paid out because the resulting death or injury was outside the specified insurance policy time frame.