Sentences with phrase «providing death coverage»

The option of Investment: Apart from providing death coverage, life insurance also offers maturity benefits.

Not exact matches

The United States Government Life Insurance program was approved by Congress in 1917 and provided an alternative to commercial insurance which either did not pay out in deaths caused by war or charged extremely high premiums for the coverage.

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.

If your company offers group life insurance, accidental death and dismemberment coverage is often provided alongside your policy.

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.

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

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.

However, given the complexity of the policy, the additional costs correlated with permanent life insurance policies, and the potential to lose the entirety of the account's cash value, it's not recommended if your primary intent is to provide financial coverage in the case of your death.

This coverage provides a lump sum to repay outstanding payments in case of death or fatal illness.

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

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.

Two lacks health insurance for me and family and Approx. 15 lac accidental death employee group insurance coverage, both are company provided.

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

Travel accident insurance through credit cards typically provides coverage in the event of death or dismemberment during the course of common carrier travel — that is, travel on a vehicle that's open to anyone who pays a fare or buys a ticket and runs on a regular schedule (e.g. planes, trains, ferries, and cruise ships).

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

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.

Instead, consider life insurance as coverage for the financial realities of death - funeral expenses, and perhaps money to provide grieving time for your family before they resume or take on work [Again, insurance is coverage against catastrophic loss, not a lottery ticket to provide a windfall when the unfortunate happens].

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

This plan provides coverage for accidental death or dismemberment which might occur anywhere in the world, on the job, on vacation, or at home.

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.

This plan provides full 24 - hour coverage for accidental death or dismemberment which might occur anywhere in the world, on the job, on vacation, or at home.

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.

However, given the complexity of the policy, the additional costs correlated with permanent life insurance policies, and the potential to lose the entirety of the account's cash value, it's not recommended if your primary intent is to provide financial coverage in the case of your death.

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.

The right insurance coverage can be important to help provide financial protection for you and your family against disability, job loss *, critical illness ** or in the event of death.

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.

As perhaps one of the most popular types of permanent life insurance, whole life, also known as ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insured.

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.

Where your plan secures life insurance coverage meant to provide for your family in the event of your death, your plan also builds cash value from investments made by your life insurance company.

This coverage provides financial security for your family and investments in the case of an untimely, accidental death.

Since premiums are often lower than permanent life insurance plans, this coverage is good for a head of household who wants to provide for their loved ones in the event of their death.

When you buy a whole life insurance policy, you carefully calculate how much coverage you may need to financially provide for your loved ones upon your death.

What this means is that state law requires your insurance policy provides you with $ 20,000 worth of coverage for bodily injury or death that you cause to other individuals, $ 40,000 worth of coverage for bodily injury or death caused per accident if multiple people are involved, and $ 10,000 worth of coverage for property damage caused in other states.

This can be an especially good purpose for a mortgage life insurance policy, because employer plans generally do not provide enough coverage to provide for many of your family's needs upon your death.

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.

Travel accident insurance — Travel accident insurance offered by American Express can provide coverage for accidental death and dismemberment while traveling on a common carrier if you've paid for your fare with your card.

The policy can be used to provide coverage for a limited time like term insurance or permanently, until the death of the insured, like whole life.

On the other hand, whole life insurance provides coverage until your death.

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.