Sentences with phrase «premiums on life insurance policy»

The payment of premiums on life insurance policy offers insurance cover to the policyholder along with other policy benefits.

Guaranteed Issue and No Medical Exam Life Insurance It just stands to reason that the premiums on a life insurance policy will be influenced by a number of factors, including the health of the insured.

This rider is meant to safeguard your income for the burden of having to pay premiums on your life insurance policy.

In such cases, the divorce decree should include the funds to pay the premiums on this life insurance policy.

The optional Waiver of Premium rider gives you the benefit of not needing to continue paying the premiums on your life insurance policy should you become completely disabled and can not work.

Plus, if you can't pay the premiums on a life insurance policy, the policy lapses and you're wiped out; there's no money there to tap for college.

The insured can use these funds to pay premiums on the life insurance policy.

A waiver of premium rider ensures that you would not need to pay the premiums on your life insurance policy should you become totally disabled and can't work.

Income producing assets can be transferred into the ILIT with the express purpose on generating cash to pay the premiums on a life insurance policy owned by the ILIT.

Since his sister pays the premiums on the life insurance policy, I assume she is the owner of the policy.

A company or business entity will purchase a life insurance policy on an owner, founder, or another key employee, and pay the premiums on the life insurance policy.

That $ 42,000 could be used to pay the premiums on a life insurance policy, on the trustmaker's life, with the death benefit to pass to the 3 beneficiaries.

Since his sister pays the premiums on the life insurance policy, I assume she is the owner of the policy.

This clause provides that if the policyholder fails to pay the premiums on a life insurance policy, the insurance company may automatically use the accumulated cash value to pay the premiums.

Most agents earn a percentage of the premiums on life insurance policies they sell, which is called a commission.

Instead, assuming nothing pops up on the medical exam, taking the exam will provide you with a lower premium on your life insurance policy.

If you've been keeping healthy, you'll pass the medical exam with flying colors and score a low premium on your life insurance policy.

If you invested the $ 584 each year, at a rate of 4 % per year over 20 years, you would net $ 17,390 — about the same as the return of premium on the life insurance policy.

In case where the annual premium on a life insurance policy is exceeding 10 % of the actual capital sum assured, the deduction should be available only to the extent of 10 % of such premium amount (which is further restricted to INR 1,50,000 as stated in the above paragraph).

Premiums on the life insurance policies are determined on the basis of the life expectancy of the individuals.

Waiver of Premium — After the insured has been confined to a skilled nursing home for a total of at least 180 days, the premium on the life insurance policy will be waived.

That way, you can see if you qualify and in turn see if you can get a lower premium on a life insurance policy.

Waiver of premium on a life insurance policy or disability insurance policy means that in case of a disability, the insurance company will waive the premiums and keep the policy in force.

Premiums on life insurance policies tend to get higher as you age.

If you were to continue paying the premium on your Life Insurance Policy, the amount of money your heirs could receive upon your death would always be higher than the immediate amount you would receive in a Life Settlement.

Not exact matches

Anyone holding a leverage life insurance annuity, or a 10/8 arrangements (another leverage insurance product) will now be subject to accrual - based taxation and no deduction will be allowed for any portion of the insurance premium paid on the policy.

Dividends on a life insurance policy are generally treated as a return of investment and are not treated as taxable income to the policyowner unless they exceed the amount of the aggregate gross premiums paid on the policy.

The cash value of a universal life insurance policy accumulates based on the amount of premium paid, monthly deductions for policy costs and an interest rate that is declared by the insurance company.

As with all life insurance policies, you pay premiums on your policy every year.

On the other hand, as long as premiums are paid, a permanent life insurance policy will always pay out a death benefit since it never expires.

The premiums on a variable life insurance policy will eat into the gains you could make from the money you are paying.

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tLife insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering a given period of time.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

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.

Unlike permanent life insurance policies which remain in effect for your entire life (assuming your premiums are paid on time), term life policies remain in effect for a specific term or period of time.

Your premium may increase: Depending on the type of life insurance policy that you buy, don't be surprised if your insurer increases your premium.

The cost of insurance over decades of potentially increasing premiums, all the while ensuring the insurance policy is large enough to cover the income tax liability, is problematic (alternatively one can wait until later in life to insure and take a chance on whether they can still obtain insurance).

But, this isn't an apples - to - apples comparison, since whole life insurance is usually significantly more expensive than term life insurance, whereas a return of premium policy is usually only slightly more expensive than a basic term policy (depending on your age and profile).

On the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiumOn the other hand, if your company decides to sell the key person life insurance policy, you may have to pay taxes, depending on the size of the settlement, cash value of the policy, and the amount that's been paid in premiumon the size of the settlement, cash value of the policy, and the amount that's been paid in premiums.

Your credit score has an impact on your insurance policy premium, job application, property lease, and even your love life.

But when it comes to permanent life insurance, some other factors weigh heavily on your premium, such as policy design.

The best part is you won't be on the hook for life insurance premium payments in retirement but you can use the policy benefits to help supplement your retirement income.

A great benefit for both single premium whole life insurance policies is that, if you decide later on that you want to surrender the policy and cancel your coverage, you'll get a full return of your premium.

If you are a savvy investor and comfortable with risk, it may make more sense to buy the term policy and invest the difference that you would pay for return of premium life insurance on your own.

In addition, on certain policies with specific life insurance companies, the WOP rider will also waive premiums due on the supplemental life insurance riders, guaranteed insurability riders and renewable term riders.

Term life insurance is not available as a standalone policy on children (because the term would likely be over by the time they needed income replacement for their own families), but a permanent policy will last their lifetime so long as the premiums are paid.

The return of premium rider, available for return of premium life insurance policies, and also on certain long - term care policies, disability insurance, etc., will return all of your premiums paid over the life of your policy should the term come to an end or should you wish to surrender the policy.

With an Indexed Universal Life policy you have the ability to pay more or less each month (there is a minimum to cover fees, and a maximum based on the MEC limit) but the policy has much more premium flexibility than the other types of life insurance policies in the marLife policy you have the ability to pay more or less each month (there is a minimum to cover fees, and a maximum based on the MEC limit) but the policy has much more premium flexibility than the other types of life insurance policies in the marlife insurance policies in the market.

Insurance Premiums: life insurance premiums are the payment due to keep the policy active and in force on the life of theInsurance Premiums: life insurance premiums are the payment due to keep the policy active and in force on the life of the Premiums: life insurance premiums are the payment due to keep the policy active and in force on the life of theinsurance premiums are the payment due to keep the policy active and in force on the life of the premiums are the payment due to keep the policy active and in force on the life of the insured.

Initially, the premiums paid on cash value insurance, such as whole life insurance rates, are higher than those associated with term insurance, given that term insurance payments are used just to pay for current insurance coverage and not to build up cash value in the policy.