Sentences with phrase «primary purpose of life insurance»

The primary purpose of life insurance is to provide financial security, which means a large financial benefit if you die early.

It sounds as though you are looking at your insurance policy as a financial tool or even an entry into playing the markets, but that is not the primary purpose of life insurance.

Still, Nehring says, remember the primary purpose of life insurance — to protect your loved ones in case you die.

The primary purpose of life insurance is to provide financial security aside from others like ensuring business finance continuation in future, easy compliance with the tax requirements etc..

You have to decide the primary purpose of life insurance, whether this is insurance or the investment.

The primary purpose of life insurance in itself is replacing the income lost due to death of the insured.

In the bid to save more tax, one must not forget the primary purpose of life insurance is protection and everything over and above it should be considered as an added advantage from taking life insurance.

The primary purpose of life insurance is to provide for dependents should the family provider die.

The primary purpose of your life insurance plan is to give your family the money that they need to pay off those debts and other bills.

The primary purpose of your life insurance is to give them the money that they need.

The primary purpose of any life insurance policy is to provide a death benefit to your designated beneficiaries if you die.

Permanent, participating life - insurance policies like Adjustable Complife can accumulate a cash value; however, the primary purpose of life insurance is to pay the death benefit if the insured dies.

However, it's important to consider that the primary purpose of life insurance is to insure your financial obligations.

This undermines the primary purpose of life insurance, as the investors would incur no financial loss should the insured person die.

The primary purpose of life insurance — to provide income to the decedent's surviving family members.

Templin said while the primary purpose of life insurance coverage is to pay off debt and help maintain a lifestyle, chances are nothing bad will happen, so this type of policy can also accumulate cash that can be used to supplement education or retirement costs.

The primary purpose of your life insurance is to give your family members the money that they will need to pay off all of your unpaid debts and final expenses like your burial costs and funeral fees.

What is variable life insurance While the primary purpose of life insurance is to provide a death benefit in the event of the policyholder's untimely demise, life insurance can provide an investment component as well.

This is a good option to use if the primary purpose of your life insurance is to provide support for your beneficiaries after your death.

The primary purpose of any life insurance policy is to provide a death benefit to your designated beneficiaries if you die.

While the primary purpose of life insurance is to provide a death benefit to those you leave behind, some life insurance policies have a cash - out value as well.

Not exact matches

Term life insurance provides affordable coverage for a defined period of years, with its primary purpose to replace income or help pay off outstanding debts if the insured dies during that time.

Life insurance protection comes in many different forms, but the primary purpose of any policy is to provide a death benefit upon the death of the insured.

The primary purpose of obtaining any kind of life insurance is so that there'll be a death benefit available to your beneficiaries at the time of your death.

The primary purpose of this lifetime income annuity is to pay the continuing life insurance premium, but can also provide a needed income stream with the remaining balance.

5) Income Replacement Life Insurance — Policies which are purchased for the sole purpose of income replacement should the primary breadwinner die.

«Consumers often don't know that permanent life insurance policies can serve a dual purpose — to ensure a family is adequately protected in the event of a primary caretaker's death and help plan for retirement.»

However — If the owner of the policy was also the primary insured, the amount of life insurance will be included in the gross estate for estate tax purposes.

Our company primary purpose is to help residents of Maine save money on health insurance, auto insurance, home insurance and life insurance.

Mortgage life insurance is defined as a type of policy that is created for the primary purpose of paying off a person's mortgage in the case of the borrower's death while there is still a balance due.

Final expense insurance definition: a small whole life insurance policy ranging from $ 5,000 to $ 25,000 where the primary purpose of the lump sum death benefit payout is to cover burial expenses, such as a grave marker and cemetery plot, and other final expenses, such as any outstanding debts that are not forgivable upon death.

Life insurance protection comes in many different forms, but the primary purpose of any policy is to provide a death benefit upon the death of the insured.

Most people associate term life insurance with its primary purpose: to protect loved ones in the event of an unexpected death.

And, over time, life insurance has come to be used as a primary component of overall financial, estate, and business planning purposes.

Most people associate Term Life Insurance with its primary purpose: to protect loved ones in the event of an unexpected death.

The primary purpose of buying a Columbia life insurance policy is to ensure the financial protection of your family.

Life insurance was designed with the express purpose of providing permanent protection for a family or loved one in the event of the death of the primary income earner.

While life insurance has evolved to become a savings, investment, and tax optimization tool, the original and primary purpose is to provide a death benefit to beneficiaries upon the death of an insured.

The following review of Americo Life Insurance Company was created with one primary purpose — to help our client's find the best life insurance policy based on each client's unique need, health and lifestLife Insurance Company was created with one primary purpose — to help our client's find the best life insurance policy based on each client's unique need, health and lInsurance Company was created with one primary purpose — to help our client's find the best life insurance policy based on each client's unique need, health and lifestlife insurance policy based on each client's unique need, health and linsurance policy based on each client's unique need, health and lifestyle.

The primary purpose of obtaining any kind of life insurance is so that there'll be a death benefit available to your beneficiaries at the time of your death.

The primary purpose of getting a life insurance is to cover the needs of your loved ones in the event of your death.