Sentences with phrase «premium life insurance policy option»

It also works out well as a single premium life insurance policy option, where you make one lump sum payment for a lifetime death benefit.

Not exact matches

However, this option is typically only available once your life insurance policy's cash value has reached a certain size, which may take five to ten years of paying premiums.

Most permanent life insurance policies give you the option of choosing how long you want to pay premiums.

A Trusted Choice agent can help you analyze your needs and determine if a term policy, a return of premium policy, or even a permanent life insurance policy is the best option for your situation.

A better options may be to opt for a 20 year term life insurance policy and deposit the difference in premiums into a retirement or other savings account (or use it to pay off debt).

Not only does the single premium option eliminate one of the core benefits of a universal life insurance policy — flexible payments — but you need to confirm if this policy will be a modified endowment contract.

Renewal option: Search for a new life insurance policy before automatically renewing an old one, otherwise it could renew with higher insurance premiums.

With the company's Guaranteed Level Premium Term Life Insurance option, the premium amount that is charged will remain the same throughout the entire period that the policy is in force.

This option not only allows two individuals to be insured on the same whole life insurance policy, but it also typically has a lower amount of overall premium cost than will purchasing two separate life insurance policies of corresponding value.

For those whole life insurance policyholders who have eligible policies, there is also the option of using dividends to help in paying some or all of the premium.

Some life insurance may offer death benefit options, including: a specific benefit that does not vary; a face amount plus the policy value; or the face amount plus premiums paid less withdrawals and loans.

Banner Life offers term and universal life insurance policies, with a variety of coverage options and low premiLife offers term and universal life insurance policies, with a variety of coverage options and low premilife insurance policies, with a variety of coverage options and low premiums.

New York Life Legacy Creator (SPVUL) is a flexible, single premium variable universal life insurance product that offers death benefit protection and the potential for tax» deferred cash value accumulation through policy investment optiLife Legacy Creator (SPVUL) is a flexible, single premium variable universal life insurance product that offers death benefit protection and the potential for tax» deferred cash value accumulation through policy investment optilife insurance product that offers death benefit protection and the potential for tax» deferred cash value accumulation through policy investment options.

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

If you want low - cost, very affordable premiums, look at term life insurance (but with the option to convert to a permanent policy later on).

With a Protective ® Classic Choice Term life insurance policy, you get the benefits of affordability and level premiums you need today with options for the future.

Most life insurance policies do require the applicant to undergo a physical exam, to determine how much of risk they may be to the insurance company, though there is the option of looking into a no medical exam life insurance policy, at a high premium rate.

For starters, there are fewer personalization options and, typically, alumni life insurance policies are only offered for five - year terms, meaning your premiums would go up after that time.

Guaranteed universal life insurance is an attractive option for many that bridges that gap of financial insecurity, allowing policy holders to lock in a guaranteed death benefit and premium payments while providing flexibility and stability for households.

Some carriers offer guaranteed universal life insurance options and adjust the amount of the premium higher while making the policy amount lower, so that in addition to offering a guaranteed death benefit, the policy almost immediately begins to generate a larger cash value.

These investment options are intended to be sold to certain asset allocation portfolios and to separate accounts of Transamerica Life Insurance Company or Transamerica Financial Life Insurance Company to fund the benefits under certain individual flexible premium variable insurance Insurance Company or Transamerica Financial Life Insurance Company to fund the benefits under certain individual flexible premium variable insurance Insurance Company to fund the benefits under certain individual flexible premium variable insurance insurance policies.

Paid - up life insurance is an option that allows you to keep a whole life insurance policy in force without paying any premiums for a while, or permanently.

If you simply can no longer afford to pay your policy premiums, selling your life insurance policy is one of many options.

Variable Universal Life insurance is a flexible premium, permanent life insurance policy that allows you to have premium dollars allocated to a variety of investment options, offering varying degrees of risk and rewLife insurance is a flexible premium, permanent life insurance policy that allows you to have premium dollars allocated to a variety of investment options, offering varying degrees of risk and rewlife insurance policy that allows you to have premium dollars allocated to a variety of investment options, offering varying degrees of risk and reward.

If you're ready to take a closer look at the life insurance policy and premium rate options that are available to you, we can help.

For permanent life insurance, some policies contain investment options that can pay out dividends to owners, which can thereby reduce the cost of the premium.

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.

We can be reached toll - free by dialing 888-430-7668 We understand that you have many options when it comes to choosing a life insurance policy — but it is essential that you compare several potential plans, as the premium can vary a great deal, even for the very same coverage.

In - force life insurance policy questions, premium payments, policy loans, beneficiary changes, Long Term Care Settlement Option

Generally these can be taken under one of three possible non-forfeiture options: (1) surrender for full cash value; (2) use of the cash value to purchase reduced paid - up life insurance; and (3) use of the cash value to purchase extended term insurance in the full face amount of the original policy for as long as the cash value will pay net premiums.

Whole Life Insurance — As the standard option, this policy offers a cash value component, potential for dividends, and guaranteed premiums up to the age of 100 years.

A life insurance company could possibly end a term policy after the initial term period has ended, but you typically have the option to pay higher adjusted premiums if you so choose.

Level term life and ROP term are basically identical policies in terms of life insurance protection with the main difference being the extra premium charge for the equity build - up option in ROP policies.

While most life insurance policies will require premiums to be paid on a monthly basis, there may be more options available.

Variable Universal Life insurance is a flexible premium, permanent life insurance policy that allows you to have premium dollars allocated to a variety of investment options, offering varying degrees of risk and rewLife insurance is a flexible premium, permanent life insurance policy that allows you to have premium dollars allocated to a variety of investment options, offering varying degrees of risk and rewlife insurance policy that allows you to have premium dollars allocated to a variety of investment options, offering varying degrees of risk and reward.

The best thing about RiverSource's universal life insurance policies are the flexible options that allow you to change premium payments and adjust your death benefit.

Seniors struggling to pay life insurance premiums have options, including selling their policy

Whole life insurance premiums for older applicants will typically be high, so they may not always be the most fitting option for a senior looking to acquire a new life insurance policy.

A waiver of premium is an extra option that life insurance companies provide you over and above your life insurance policy.

They are expanding their no physical life insurance policy options, while lowering premiums (what you pay in exchange for life insurance).

If you've reached that stage, a burial insurance policy is an excellent option to still have insurance coverage without paying the massive premiums of a large life insurance plan.

Return of premium life insurance policies are available from many life insurance companies, but is a life insurance policy with the return of premium option a good idea?

Universal life insurance is a flexible permanent coverage option that allows premium payments to increase or decrease, assuming you have enough cash value in your policy to meet your monthly premium charge.

However, if you currently need a certain amount of life insurance to protect your responsibilities, but don't have the finances necessary to pay for the premium for a permanent policy, then the Convertible Term Life Insurance is a great optlife insurance to protect your responsibilities, but don't have the finances necessary to pay for the premium for a permanent policy, then the Convertible Term Life Insurance is a greainsurance to protect your responsibilities, but don't have the finances necessary to pay for the premium for a permanent policy, then the Convertible Term Life Insurance is a great optLife Insurance is a greaInsurance is a great option.

Whole life is a very rigid form of permanent life insurance where you have few or no options in managing death benefits, premiums you pay, or the cash value accumulation portion as you are locked in for as long as you own the policy.

If you simply can no longer afford to pay your policy premiums, selling your life insurance policy is one of many options.

When it comes to premium payments, there is another convenient option sometimes offered under Variable Life contracts - a policy with a fixed premium, which justifies the feature of flexibility attributed to Variable Life Insurance.

Variable Universal Life Insurance (VUL) is a permanent type of Life Insurance combining the essential features of Variable Life Insurance and Universal Life Insurance, thus allowing the policyholder to allocate premiums to different investment options, to build up cash value and to determine when and how much you invest in your policy.

For most life insurance shoppers, term life is the best option, says Todd Juliano of 1st Option Insurance in Jacksonville, FL. «For the overwhelming majority of situations, a 10 - to 30 - year level - premium term policy is sufficient,»insurance shoppers, term life is the best option, says Todd Juliano of 1st Option Insurance in Jacksonville, FL. «For the overwhelming majority of situations, a 10 - to 30 - year level - premium term policy is sufficient,» heoption, says Todd Juliano of 1st Option Insurance in Jacksonville, FL. «For the overwhelming majority of situations, a 10 - to 30 - year level - premium term policy is sufficient,» heOption Insurance in Jacksonville, FL. «For the overwhelming majority of situations, a 10 - to 30 - year level - premium term policy is sufficient,»Insurance in Jacksonville, FL. «For the overwhelming majority of situations, a 10 - to 30 - year level - premium term policy is sufficient,» he says.

This chart gives a good general overview of life insurance rates by age: (This chart doesn't present every option — for example, we didn't start pricing 10 year policies until age 70, whereas you can certainly buy a 10 year policy at age 35 if you like — but it's still useful for showing the rate at which premiums rise once you pass age 45.)