Sentences with phrase «premium rider if»

You can choose waiver of premium rider if you are looking for reduction in premium due to accidental disability.

You can even get a 35 year term with a return of premium rider if you are looking for something that far out.

You can add additional coverage with riders for children's coverage, an additional named insured on the policy and a waiver of premium rider if you become disabled prior to age 60.

Not exact matches

This rider adds to the cost of your premiums but ensures that you'll receive a portion or the sum of premiums paid if you live past the term of the policy.

A return of premium rider is particular to term life insurance products as it allows you to recoup a portion (or all) of the premiums paid if you live past the full term.

If you buy an accidental death and dismemberment rider, decide whether the likelihood of dying accidentally justifies the insurance premiums you must pay for the policy.

Waiver Premium Rider The monthly premium specified under the rider is credited to the policy if the insured becomes totally disabled for at least 6 months before age 65.

The only case in which you'd get cash back from an insurer with a term life insurance policy is if you have a return of premium rider.

This rider adds to the cost of your premiums but ensures that you'll receive a portion or the sum of premiums paid if you live past the term of the policy.

This might not matter to you if the policies offered fit your needs, and you may find more flexibility with a return of premium rider that you can add to a wider variety of policies, but it's something to keep in mind when you're looking at policies that are available to you.

If you're wondering what life insurance companies offer return of premium policies and riders, be sure to check out our company reviews for the lowdown on all of the policies you can find on PolicyGenius, or talk to one of our licensed experts today.

When Life Happens Riders can help cover you for life's unexpected changes, such as waiving your premiums if you become disabled, or providing access to your death benefit early if you become terminally ill.

Waiver of Premium Rider The monthly premium specified under the rider is credited to the policy if clients become totally disabled for at least 6 months before age 65.

Waiver of Premium Rider: the waiver of premium rider will waive premiums due on the policy if you become totally disabled.

It is basically a term life policy with a rider attached that returns all of your premiums to you if you outlive the term.

Price: A return of premium rider will significantly increase your premium, especially if you are older.

The waiver of premium rider protects you if you should suffer a disability.

For those with term coverage that have the WOP rider, you can convert your policy to a permanent policy if you are disabled for 2 years and base premiums will be waived.

Disability Waiver of Premium Rider — A waiver of premium rider allows all premiums to be waived if you become totally disabled.

A return of premium rider is particular to term life insurance products as it allows you to recoup a portion (or all) of the premiums paid if you live past the full term.

The Legalese «This rider waives all premiums on the base policy if the insured becomes totally disabled without interruption for at least six months.

So, if you are asking for riders, you should expect an increase on your existing homeowner insurance premium.

And, even if that's not the case initially, additional insured riders usually only guarantee level premiums for a certain number of years.

You can mitigate this risk by electing the No Lapse Guarantee Rider on the universal life policy you choose.This rider ensures that if you fund the policy at a premium level required to maintain the guarantee, the policy will not lapse, even if the cash surrender value is not sufficient to cover the policy's monthly charges.

For example, if our 50 - year - old pre-retiree Alan is worried about losing money in the event of prematurely passing away, he can add the return of premium and death benefit riders to his DIA.

For example, if you become totally disabled, your waiver of premium rider will pay any and all premiums payments due to the carrier.

If you are getting an insurance policy, it is in your best interest to investigate how much more you will be paying to get a waiver of premium rider.

With this rider, if you become unemployed for at least four consecutive weeks, United of Omaha will waive premium payments up to a total of six months.

If you do not have a ready source of income or cash put away you may benefit from the peace of mind provided by the waiver of premium rider.

Waiver of Specified Premium Rider: the waiver of premium rider credits a specified premium amount to the policy, helping you make premium payments if you suffer from a qualifying total disability.

For example, a waiver of premium rider is an additional feature you can add to your policy to relieve you of your payments if you become disabled and can't work.

Online term policy will not give me claim settlement: If you fill all the information correctly, pay the premium on time, check details for extra riders you might need and get a medical checkup done, there is no reason that the company won't settle your claim.

For SPIAs with death benefit riders, a benefit would be due to a beneficiary if the cumulative income payments made are less than the initial premium paid.

Some Whole Life policies include a disability waiver / rider feature that will pay your premiums for you if you were to suddenly become disabled.

Riders have to purchase motorcycle insurance every year, and if you've filed a claim, it is possible the cost of your premium will go up.

Riders aren't typically worth the extra cost on top of the policy premiums, but they do allow you to customize your policy if you have special circumstances that you think you'll need additional protection for.

The disability income rider allows you to have your premium payments waived and grants you a supplementary income — usually based on the value of your policy — if you become disabled.

Riders are modifications to your overall life insurance policy that turn a basic life insurance policy — you pay premiums and a death benefit is paid out if you die — into something that covers more exotic circumstances.

If you want continued protection, though, a term conversion rider lets you convert a term life insurance policy into a permanent policy without taking another paramedical exam — a welcome adjustment, because taking an exam when you're old enough for your term policy to have expired would likely make the premiums prohibitively expensive.

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.

Truth: Life insurance coverage is never wasted as it protects you against risk, but you can get a return of premium rider (if your policy does not automatically have this feature).

Waiver of Premium: A particularly effective rider for business owners under the age of 60, the WoP rider kicks in if you are disabled, waiving all premiums due on your policy for the entire duration of the coverage, or until you are no longer disabled.

Life insurance with chronic illness rider provides fixed premium payment with an additional rider that can be accessed if you are diagnosed with a qualifying chronic illness.

The policy does not build cash value and if you don't die during the term, the policy ends and you do not get any money back unless you chose a return of premium rider.

When Life Happens Riders can help cover your client for life's unexpected changes, such as waiving their premiums if they become disabled, or provide access to their death benefit early if they become terminally ill.

If you know that the cost of replacing your bike will be more than $ 3,000, consider a separate rider — extra insurance that adds a few bucks to your yearly premium, but guarantees loss coverage of a particular item.

Note that if you have certain riders, such as paid up additions or life insurance supplement riders, failure to pay interest on your loan when due may result in an increase to your minimum rider premiums.

This is because if you buy an inflation rider with annual increases more than what life insurance actuaries think will probably happen in the Real World (with CPI inflation), then the rider premiums will escalate so much that you won't believe it.

You can also choose the Return of Premium rider that allows you to get back 100 % of your premiums at either policy year 20 or 25, if you no longer want the coverage.

A disability waiver of premium rider stipulates that if you become totally disabled for a specified period of time, you don't have to pay premiums for the duration of the disability.