Sentences with phrase «provides death benefit coverage»

Term insurance provides death benefit coverage for a specified period of time with a premium that is initially low, relative to permanent insurance premiums.

MyTerm is no medical exam life insurance that provides death benefit coverage up to $ 250,000.

Because term life provides death benefit coverage only, it is typically not as costly as a comparable permanent policy that provides the same amount of coverage along with cash value builds up.

Term life insurance is coverage that provides death benefit coverage without cash value build up.

Permanent life insurance coverage provides death benefit coverage, and it also has a cash value component as a part of the policy.

For a permanent life insurance option that provides death benefit coverage, as well as cash value, but that is also more flexible than whole life, there is universal life insurance.

Term life insurance provides death benefit coverage only, with no cash value or savings build up.

Provides death benefit coverage from $ 5,000 — $ 25,000.

For those just dipping their toe into the markets for the first time, or even those who need to have more liquidity to spread through their portfolios, term life provides death benefit coverage that does not tie up significant financial resources.

Additional Insured Rider Provides death benefit coverage on the lives of up to three family members without having to purchase separate policies.

Additional Insured Provides death benefit coverage on the lives of up to three family members.

Additional Insured Rider Provides death benefit coverage on the lives of up to three family members without having to purchase separate policies.

Long - term care life insurance hybrid policies can be purchased which provide death benefit coverage as well as insurance coverage for long - term care expenses, if needed.

Both of these provide death benefit coverage and cash value build up.

Permanent life insurance, as distinguished from term life insurance, is designed to provide death benefit coverage at age 100 or age 120, depending on the specific contract.

This means that they will not only provide death benefit coverage, but they will also build up cash value.

Some universal life insurance product designs focus on providing both death benefit coverage and building cash value while others focus on providing guaranteed death benefit coverage.

Long - term care life insurance hybrid policies can be purchased which provide death benefit coverage as well as insurance coverage for long - term care expenses, if needed.

Not exact matches

While Old Age Security and the Guaranteed Income Supplement were designed to provide a basic minimum amount to Canadian seniors, the new Canada and Quebec Pension Plans were contributory social insurance programs established to provide basic death, survivor and disability benefits as well as retirement coverage.

However, if you want enough coverage to send a child to college or pay off a mortgage, guaranteed acceptance insurance won't provide a large enough death benefit.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

Lifetime Provider offers life insurance coverage that provides affordable death benefit protection, offers cash value growth that can help support the death benefit — or help out with life's unexpected events.

Policies offer coverage up to age 121 and can provide hundreds of thousands of dollars in death benefits.

Accidental death and dismemberment coverage can also act as a living benefit, as the dismemberment coverage provides a payout if you receive certain injuries in an accident.

The additional term coverage rider provides a twenty - year term policy equal to the target death benefit.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

Gerber's term life insurance also provides between $ 25,000 to $ 150,000 of coverage, and doesn't require a medical exam if you're under 50 or want a death benefit of up to $ 100,000.

A family income policy provides the death benefit in a unique way, but may not provide the full coverage needed with its decreasing value.

Both IUL and VUL policies provide permanent coverage, pay a lump sum death benefit to your beneficiary and provide cash value growth and access to your cash value via withdrawals or loans.

This coverage can help protect your loved ones by providing cash benefits payable at your death.

If stay - at - home parents have life insurance coverage and pass away, the life insurance death benefit would allow the surviving spouse to take much needed time off work to spend with the children and help pay for services that the stay - at - home parent lovingly provided.

As an example, for a 60 year old woman, 1 unit of coverage would provide a $ 1,621 death benefit.

Accidental death and dismemberment coverage can also act as a living benefit, as the dismemberment coverage provides a payout if you receive certain injuries in an accident.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

Lifetime Provider helps you protect what's important to you with coverage that provides affordable death benefit protection and the possibility of cash value growth that can help out with life's unexpected events.

Both IUL and VUL policies provide lifetime coverage, pay a death benefit and allow access to cash value.

Policies offer coverage up to age 121 and can provide hundreds of thousands of dollars in death benefits.

Asset based LTC insurance coverage provides a guaranteed death benefit, long - term care coverage, cash value accumulation and potential return of premium.

The product is a single premium universal life insurance policy that provides death benefit protection, long - term care coverage and return of premium.

Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum death benefit.

Similar to whole life insurance, term life coverage provides a lump sum death benefit in the event that the policyholder passes away while the policy is still active.

What this means is that it is actually more expensive to purchase coverage for $ 249,999 than it is for $ 250,000, even though the latter provides a greater death benefit.

Jeremy Hallett, founder of online insurance marketplace Quotacy, said in an interview that premiums are typically 10 times higher for whole life policies than they are for term life policies with the same death benefit because permanent insurance provides coverage for life with guaranteed level premiums.

Similarly, it may also be best to stick with your term life coverage if you can't afford the premiums associated with a permanent policy that provides the same level of death benefit coverage.

Term life insurance is considered to be the most basic form of coverage, providing a certain amount of death benefit in exchange for a premium payment.

But it does come with a caveat: such policies, by design, provide coverage for a limited period of time, leaving your heirs with no death benefit if you outlive the policy.

The newer Dollar - A-Day policy provides emergency medical care coverage immediately after an accident and $ 10,000 death benefits but no coverage for liability.

The death benefit coverage on this plan can range from $ 100,000 up to $ 2 million (provided that certain conditions are met).

Permanent Life provides lifetime coverage with a guaranteed death benefit.

The insurer is of course the company that is providing the life insurance coverage and the insured is the person whose death causes the insurer to pay the death benefit to the designated beneficiaries.