Sentences with phrase «premiums at a certain age»

Also, you can terminate the premiums at a certain age and earn some extra money through the investment portion of the plan.

The insured person can also set to terminate the premiums at a certain age such the planned retirement age or some other period.

Not exact matches

footnote ** IRA distributions received before you're age 59 1/2 may not be subject to the 10 % federal penalty tax if the distribution is due to your disability or death; is distributed by a reservist who was ordered or called to active duty after September 11, 2001, for more than 179 days; or is for a first - time home purchase (lifetime maximum: $ 10,000), postsecondary education expenses, substantially equal periodic payments taken under IRS guidelines, certain unreimbursed medical expenses, an IRS levy on the IRA, or health insurance premiums (after you've received at least 12 consecutive weeks of unemployment compensation).

Obligates the insurance company to continue coverage as long as the premiums are paid and is usually capped at a certain age.

This is permanent life insurance you can keep for your entire lifetime, provided premiums are paid when due, unlike term insurance coverage that may end at a certain age.

Life insurance premium rates are governed by the following factors: • Mortality Rate: is an insurer «s anticipation of deaths amongst a particular group of insured lives at certain ages.

Just keep in mind that there are certain conditions that are ineligible based on the company's guidelines, you could face a waiting period, you'll be subject to a health exam, your plan choices may be limited, and you'll be looking at paying higher than normal premiums (which is a good reason to buy as much life insurance as you can at an early age, and before you find yourself facing health issues).

Term life insurance policies only cover the policyholder for a certain, preset number of years, after which they expire and the policyholder will have to buy a new policy, often at increased premiums due to advanced age.

Depending on the type of term insurance purchased, the premiums will either stay level for a certain period of time, or they will increase at specific ages along the way and eventually end.

Premiums can be set to terminate at a certain age such as the policy owner's planned retirement age, or after a certain period.

Nevertheless, the premium of every renewal multiplies or increases to reproduce the life expectancy of a certain individual at that certain age.

They are products that can be set to certain ages (85, 90, 95, 100, 121), which could essentially function like a permanent policy, but without the cash value (I believe the cash value is available but you just don't fund it, keeping it at zero, so all your premium can go towards coverage).

The premium is level throughout the whole term and at the end of the term, you have the option to renew the coverage annually up to a certain age (varies by insurance company).

Even if the policy is designed so that premiums stop at a certain age, the death benefit will remain in place.

A limited pay whole life policy is a permanent insurance policy guaranteed to be fully paid - up at a certain date, or when you reach a certain age, with no more premiums due.

Unlike term policies, the death benefit doesn't expire at a certain age and whole policies build cash value that can be borrowed against or passed on to your heirs tax - free — but only if you always pay your premium.