Sentences with phrase «purchase a life insurance policy until»

Most people do not consider purchasing a life insurance policy until they marry, have children or start a dangerous job.

Most of the applicants we work with need to purchase a life insurance policy until their early retirement years.

Not exact matches

For example, if you are 40 years old and want to cover your income until retirement at age 65, you can purchase a 25 - year term life insurance policy.

It's especially important when choosing a life insurance company because claims might not be made until decades after a policy is purchased.

You can purchase a level term life insurance policy up to age 75 and coverage is renewable until you reach 95.

Northwestern Mutual's whole life insurance policies provide lifetime coverage with level premiums, are can be purchased anytime until you turn age 85.

However, if you don't have your own savings or enough cash to make mortgage payments until you can sell the house — or if you and your child live in the home you've purchased together — it might make sense to buy a life insurance policy for your child to cover the remainder of the mortgage should they die.

Until recently, you could get quoted for life insurance online but, if you want to purchase a policy, you had to complete forms and speak to an agent offline.

The money that is used to purchase the contract is placed into an escrowed trust account — typically an irrevocable trust — and that money makes premium payments to keep the life insurance policy in force until the insured dies.

I purchased my pet's policy when he was 6 months old and assumed I'd locked in a certain rate based on signing up at an early age, rather than waiting until he was 2 (sort of like a life insurance policy).

Purchase a life insurance policy that will remain in force until your dependents will be financially independent or you will be able to save enough money on your own to provide for them.

This particular term life insurance plan offers premiums that are guaranteed to stay the same for the entire term you select — premiums are based on your age, health at the times you purchase the policy and will cover you until you reach 85 years of age

Here, the 35 year old man who purchased the 30 year term policy is going to own a life insurance until he reaches the age of 65, the usual retirement age.

Should he purchase a 30 year term life insurance policy for a guaranteed coverage amount until age 70?

This means that the life insurance policy purchased to fund the death portion of the buy - sell agreement can not be transferred to the disabled owner or dropped until the end of the installment period, because the death benefit will be needed to complete the transaction in the event of death during the buyout period.

For example, if you are 40 and wait until you are 50 to purchase a $ 1,000,000 term life insurance policy, you may pay as much as twice the rate than if you purchased one now.

It would be prudent to purchase an inexpensive life insurance policy that covered your child until they either got married or finished paying off the loans.

If you're serious about buying long - term disability insurance that will replace your income for life, you can purchase a policy that lasts until you're old enough to qualify for Social Security benefits.

An additional important detail is that when the person insured is a minor, the life insurance policy is generally owned by the purchasing adult until the child reaches the age of majority as defined by state law.

You can convert your coverage to more rewarding permanent policies, like whole life insurance, possibly at a lower price than if you'd put off purchasing until you're older.

For example, if you are 40 years old and want to cover your income until retirement at age 65, you can purchase a 25 - year term life insurance policy.

To make sure that when the time comes Alex should have that much cash to pay Uncle Sam, she purchased a single premium life insurance plan, which as a fully - funded life policy covered her for the rest of her life (until age 100).

This is because, as you age, the price of your insurance will likely increase until you lock that price in through the purchase of a level term or whole life insurance policy.

However, unless one lives in a designated floodplain and is required under the terms of a mortgage to purchase flood insurance, flood insurance does not go into effect until 30 days after the policy is first purchased.

Life insurance policies often have hidden costs, such as fees and large commissions, that you may not find out about until after you purchase the policy.

You should keep your whole life insurance policy in place until you have already purchased and been approved for a term life insurance policy.

If you wait until next year to buy your life insurance policy, the premium you pay will probably be more than if you had purchased it today.

Not only will we not stop until we find you the best life insurance company to purchase an ART or a traditional policy but we will also do the whole application for you!

Northwestern Mutual's whole life insurance policies provide lifetime coverage with level premiums, are can be purchased anytime until you turn age 85.

Some may like to take full advantage of a policies cash value that will build during the duration of their life, while others may not be ready to purchase such a plan until a situation that necessitates insurance arises.

For example, if a 40 - year - old male purchases a 20 - year term life insurance policy, his premiums will remain the same until he is 60 years old.

On the other side, if you are thirty - years - old and you purchase a term life policy for, let's say, twenty years, then you will have a life insurance policy until you are fifty - years - old.

In this example the 35 year old will own life insurance until his retirement age, approximately age 65, if he purchases the 30 year level term policy.

If you anticipate needing coverage until retirement, but you believe that you will have saved plenty of assets by the time you retire to negate the need for continued life insurance coverage, you may want to purchase a policy with a term length which corresponds with your likely retirement age.

Whole life insurance filled the bill perfectly but the cost of owning such a policy was so great that insurance companies had to think of ways of providing coverage until an individual could earn sufficient income to purchase this policy...

The money that is used to purchase the contract is placed into an escrowed trust account — typically an irrevocable trust — and that money makes premium payments to keep the life insurance policy in force until the insured dies.

You may know that your house will be paid off in 5 years, and you can drop a significant amount of insurance coverage at that point, but you want to lock in a policy now while you are healthy that will also last for a long time, you may want to get one short term term policy to cover the mortgage payment, and one longer term policy that will last until retirement or beyond to provide for living expenses (don't forget that reducing face «mortgage life insurance» policies also can be purchased from most insurers).

For this reason, we recommend postponing the purchase of a life insurance policy until later in life.

To avoid inheritance taxes, you can also purchase a permanent life insurance policy with a fixed death benefit until the age of 100 or later.

You can purchase a whole life final expense insurance policy that covers you until your death.

For these clients, we'll definitely want to take a look at some of the alternative life insurance products that are out there and if the situation makes sense, we may even recommend that they purchase one of these life insurance policies as a short term «fit» until they're able to qualify for a traditional term or whole life insurance policy later on.

We just won't know until we have an opportunity to learn more about you and what you hope to «achieve» by purchasing your life insurance policy.

Until recently, you could get quoted for life insurance online but, if you want to purchase a policy, you had to complete forms and speak to an agent offline.

You can purchase a level term life insurance policy up to age 75 and coverage is renewable until you reach 95.

Whole Life Insurance: These «lifetime» policies are available to applicants until the age of 80 and are usually purchased for burial coverage.

When purchasing life insurance for pension maximization, we recommend securing a policy with guaranteed rates and coverage until 90 or later depending on your family's history of longevity.

$ 50 per month for $ 50,000 worth of life insurance stays the same at the age it is purchased until the insured dies or until they outlive the policy; usually 99, 100, or 101... Whole LI also accrues cash value that can be borrowed against.

Due to increasingly higher life expectancies, we always recommend purchasing a life insurance policy that will lock in your rates and guarantee your coverage until the age of 90 or later.

Most estate planning attorneys will recommend purchasing a guaranteed universal life insurance policy until age 100 or later.

In most cases, a life insurance policy is purchased to provide financial protection to your family until your mortgage and debts are paid off and your children have moved out.