Sentences with phrase «premiums on the life insurance policy»

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

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

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

The hitch, of course, is that no genetic test can predict these diseases with any significant accuracy — certainly not enough to justify charging higher premiums on a life insurance policy.

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

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

You don't have to be a marathon runner, or professional bodybuilder to get lower insurance premiums 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.

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

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

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.

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

This enables the trustee of the ILIT to pay the premiums on the life insurance policy using the annuity income proceeds, normally structured as a gift to fund 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.

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.

That's because most agents earn a percentage of the premiums on life insurance policies they sell, which is called a commission.

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.

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.

An unemployment protection rider ensures that you would not need to pay the premiums on your life insurance policy if you lose your job.

With the financial impact we've discussed, what if you can't afford to pay the premiums on your 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.

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

The employer pays the premium on a life insurance policy owned by the key employee.

For policies issued after June 8, 1997, you can't deduct the premiums on any life insurance policy, endowment contract, or annuity contract if you are directly (or indirectly) named as a beneficiary.

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

For policies issued before June 9, 1997, you can't deduct the premiums on a life insurance policy covering you, an employee, or any person with a financial interest in your business if you are directly (or indirectly) named as a beneficiary of the policy.

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 $ 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.

You would have to pay taxes on the distribution, but when you use the money to pay the premium on the life insurance policy, it would substantially increase the value of your legacy.

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.

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.

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.