Sentences with phrase «provide death benefits to beneficiaries»

Many people use a cash value life insurance policy to save for their retirement and to provide a death benefit to their beneficiaries.

It provides a death benefit to your beneficiaries, and also builds a cash value.

This will cover you for a 20 - 30 year term, and provide a death benefit to your beneficiaries when you die.

Term life insurance provides a death benefit to your beneficiaries if you should die during the number of years, or «term» you choose.

This type of policy has a number of benefits as a life insurance solution, and can be used as a savings and investment tool in addition to providing death benefits to your beneficiaries.

An immediate annuity can also provide a death benefit to your beneficiary.

In addition to providing death benefits to your beneficiaries, some life insurance policies also build up a cash value.

All types of life insurance policies provide a death benefit to the beneficiaries; most of which are tax - free.

If you died unexpectedly, your term life insurance policy would provide a death benefit to your beneficiaries — the individuals that rely on your income to survive.

In fact, permanent insurance is often referred to as cash - value insurance because these types of policies can build cash value over time, as well as provide a death benefit to your beneficiaries.

Variable life coverage is a type of life insurance that provides permanent protection for the insured, and provides a death benefit to the beneficiary when the insured perishes.

In fact, permanent insurance is often referred to as cash - value insurance because these types of policies can build cash value over time, as well as provide a death benefit to your beneficiaries.

If you died prematurely, your term life insurance policy would provide a death benefit to your beneficiaries — the individuals that rely on your income to survive.

All types of life insurance policies provide a death benefit to the beneficiaries; most of which are tax - free.

An immediate annuity can also provide a death benefit to your beneficiary.

It provides a death benefit to your beneficiaries, and also builds a cash value.

It can fulfill promises made to your family if you are no longer around by providing a death benefit to your beneficiaries in return for premiums paid to the insurance company.

Term life insurance provides a death benefit to your beneficiaries if you should die during the number of years, or «term» you choose.

Both provide a death benefit to the beneficiaries of the insured.

A portion of the universal life insurance monthly premium is put into the cost of the life policy which will provide the death benefit to your beneficiary and another portion of the premium is invested so it can be used as investment savings.

Although traditional life insurance was developed to provide a death benefit to a beneficiary in the event of the insured person's death, several products evolved in the latter part of the 20th century that incorporated savings or investment.

In addition to providing death benefits to your beneficiaries, these policies serve as an investment vehicle and hold a cash value.

It provides a death benefit to your beneficiaries at the face value of the policy.

Term life is bought for a given amount of time, typically between 5 and 30 years, and provides death benefits to your beneficiaries if you should pass during the term.

Some life insurance policies are financial products that provide a death benefit to your beneficiaries.

Like any life insurance policy, an annual renewable term plan will provide a death benefit to a beneficiary of your choice if something fatal happens to you.

For example, a 15 year term life policy will provide a death benefit to your beneficiary if you pass on within 15 years.

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 policy provides a death benefit to the beneficiary in case of untimely death of the policyholder.

Term life insurance is a type of life insurance that provides a death benefit to the beneficiary only if the insured dies during a specified period.

The latter provides a death benefit to beneficiaries named by the policyholder, and a will provides assets to beneficiaries named by the decedent.

If the insured dies within that 31 - day period, the group policy coverage would still provide a death benefit to the beneficiary.

Life insurance is a type of insurance that provides a death benefit to the beneficiaries in the event the policyholder dies while the policy is in force.

Permanent life insurance policies build a cash value (sometimes known as a cash - surrender value) over time in addition to providing a death benefit to beneficiaries.

It may not provide return of the premiums paid during the tenure, but in case of the policyholder's demise, the policy provides death benefit to the beneficiary.

As the name suggests, accidental death insurance will cover you and provide the death benefit to the beneficiary if you were to die from an accident.

This will cover you for a 20 - 30 year term, and provide a death benefit to your beneficiaries when you die.

You will also need to decide whether you want a permanent policy that will build cash value over time, or a term policy that will simply provide a death benefit to your beneficiaries upon your passing.

Indexed universal life insurance provides death benefits to the beneficiaries of the IUL owners.

As you can see, the main disadvantage to purchasing an Accidental Death Policy is that it won't provide a death benefit to your beneficiary if you die due to natural causes.

The key benefits of securing a permanent life insurance policy are that it ensures life insurance protection for the entire life of the insured, and it also provides a death benefit to the beneficiary regardless of the age of the policy.

The key benefits of securing a permanent life insurance policy is that it ensures life insurance protection for the entire life of the insured, and it also provides a death benefit to the beneficiary regardless of the age of the policy.Permanent life insurance will provide financial security for your family / dependent / other beneficiary during your lifetime and after your death.

Not exact matches

In both examples, term life insurance would provide an ample death benefit to the beneficiaries at a much lower cost than permanent life insurance, which may not be within the financial reach of these buyers.

The basic features of variable annuities include tax - deferred growth, 1 choice of professionally managed investments, optional benefits (available at an additional charge), that can help protect your investment from market declines, 2 choice of payout options and a death benefit to help you provide for your beneficiaries.3

If you are the beneficiary, the death benefits remain payable indefinitely provided the owner did not allow the policy to lapse, or cash it in before he or she passed away.

Term life insurance is designed to provide death benefits to the named beneficiaries of the policyholder.

When the policyholder dies, it's frequently the burden of the beneficiary to provide proof of death and file a claim for the death benefit.

Term life insurance is a life insurance policy that provides a death benefit to the policyholder's beneficiaries if that person dies within the specified «term» of the policy.

A family income benefit rider provides steady income to beneficiaries to cover monthly costs beyond the lump - sum death benefit in the event the insured dies prematurely,.

At its most basic, life insurance provides a sum of money, called a death benefit, to the beneficiary of a life insurance policy upon the death of the insured.