Sentences with phrase «purchase a permanent life insurance policy which»

One way would be to purchase a permanent life insurance policy which would be given to the employee upon retirement, after a certain number of years with the company, or based upon a certain level of performance.

One way would be to purchase a permanent life insurance policy which would be given to the employee upon retirement, after a certain number of years with the company, or based upon a certain level of performance.

Not exact matches

Thus, at a minimum, we suggest that «convertible term life insurance» is purchased which allows the policy to be converted into a permanent life insurance policy.

Executive Bonus Life Insurance — An employer purchases a policy and pays the premium for permanent life insurance policy which is owned by the executive for whom the policy was purchaLife Insurance — An employer purchases a policy and pays the premium for permanent life insurance policy which is owned by the executive for whom the policy was pInsurance — An employer purchases a policy and pays the premium for permanent life insurance policy which is owned by the executive for whom the policy was purchalife insurance policy which is owned by the executive for whom the policy was pinsurance policy which is owned by the executive for whom the policy was purchased.

If you reach the cutoff age for a term policy, then there are permanent insurance choices you can purchase, like whole life policy, universal life insurance or even burial insurance which is worth it when you only need coverage for final expenses.

Unlike whole life insurance, which is considered a type of permanent life insurance, level term policies will eventually come to an end at a specific amount of time based on the policy you purchase.

If you've decided to purchase a life insurance policy for your children, how do you decide which policy type is best - term or permanent insurance?

However, the policy does not provide any returns beyond the death benefit (the amount of insurance purchased); the policy has no additional cash value, unlike permanent life insurance policies, which have a savings component, increasing the value of the policy and its eventual payout.

The two main reasons you might not want to change policies are surrender charges (only in permanent plans such as whole life or universal life), and your new policy will likely contain a new two year contestable period, which means the company could potentially weasel out of paying the life insurance proceeds upon your death if you die within 2 years of purchasing the policy and they find that you answered questions fraudulently on your application.

This coverage can be purchased starting at age 0, and in many instances, the policy holder will have the opportunity of converting the term policy over into a permanent life insurance policy — which can then provide coverage for the remainder of the insured's lifetime.

You can even purchase a traditional universal life insurance policy which is another form of permanent life insurance so it does offer permanent coverage.

On the other hand, with a permanent life insurance policy, which many advisers suggest families purchase for this purpose, the insured is allowed to borrow against the policy's cash value without any tax penalties.

Thus, at a minimum, we suggest that «convertible term life insurance» is purchased which allows the policy to be converted into a permanent life insurance policy.

If you've decided to purchase a permanent life insurance policy, you'll need to choose which type of permanent life insurance is best for you.

This includes purchasing a permanent life insurance policy, which increase 10 - 15 % in cost each year we wait.

Many term or group term life insurance policies provide a conversion clause, which allows the covered person to purchase a permanent life insurance policy at the same medical condition rates you have on the term policy.