Sentences with phrase «purchase a term life insurance policy as»

There are other factors that you should consider when deciding to purchase a term life insurance policy as well.

Not exact matches

AD&D insurance can be purchased as a standalone policy or as a rider to another life insurance policy, such as term life insurance.

Whole life insurance policies are generally more expensive than alternatives, such as term life insurance, and the death benefit directly impacts that cost, so it's important to evaluate your family's needs before deciding to purchase.

Short term life insurance policies, such as those with 1 - year or 5 - year terms, often have the option of being renewable, meaning that at the end of the term you can purchase the same coverage again without a new application process.

Therefore, if you are on the younger end of the age spectrum, you might want to consider purchasing something that will be in place for longer, such as a 30 year term policy or permanent life insurance policy.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

When you purchase a term life insurance policy, you can view it as a safeguard for your loved ones» future emergency fund.

Yes, as long as you've purchased a convertible term life insurance policy.

AD&D insurance can be purchased as a standalone policy or as a rider to another life insurance policy, such as term life insurance.

Life insurance classified as return of premium (ROP) features a return of premiums paid to purchase coverage if the insured outlives the term of the policy, or payment of some portion of premiums paid to the beneficiary upon the insured's death.

Short term life insurance policies, such as those with 1 - year or 5 - year terms, often have the option of being renewable, meaning that at the end of the term you can purchase the same coverage again without a new application process.

Life insurance can be purchased either as a permanent policy, covering your entire lifetime, or as a term policy, covering a certain period of time — anywhere from a year to 30 years.

Each year as you grow older, the cost of insuring your life gets more expensive for the life insurance company, This is why the older you are, the more it costs to purchase a term life policy.

The company also has a combination life / long - term care option whereby a policy holder can use a universal policy as an alternative to purchasing a stand - alone long - term care insurance policy.

As with term life insurance, the longer you wait to purchase a policy, the more expensive it could become.

A healthy 30 - year old woman can purchase a 20 - year term policy worth $ 250,000 of life insurance coverage for as little as $ 13 per month.

When purchasing a final expense life insurance policy, it is important for an applicant to determine the type of coverage that they need — term versus permanent — as well as the amount of coverage that will be appropriate for their specific needs.

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.

You, the borrower, can purchase term life insurance on yourself and name your co-signer as a beneficiary or your co-signer can own a life insurance policy on you, the borrower.

Other times term life insurance policies are purchased to protect financial responsibilities that may crop up later in life, such as the purchase of a vacation home or your adult child's graduate school tuition.

Most of the time term life insurance policies are purchased to cover the most financially - vulnerable years, such as when your children are small and you have quite a few years left on your mortgage loan.

For those that plan properly, they can purchase a very small amount of whole life, and use paid - additions to grow the cash value very quickly (as early as the first year), AND they can use term insurance (preferably as a policy rider) to supplement their overall family protection along the way.

As an example, a properly structured cash value whole life insurance policy that is purchased from a mutual company, is one that has tremendous liquidity, low cost (majority of the cost is buying lifelong level insurance — not to be compared to term), no tax on the growth of the account, tax free loans, tax free withdrawals (up to basis), tax free to survivors, no contribution limits, no required withdrawals, is free from creditors, and has minimum guarantees.

Term life insurance led the way as the preferred policy agents purchase to protect their own families, followed by whole life and then universal life insurance to round out the top three.

Generally these can be taken under one of three possible non-forfeiture options: (1) surrender for full cash value; (2) use of the cash value to purchase reduced paid - up life insurance; and (3) use of the cash value to purchase extended term insurance in the full face amount of the original policy for as long as the cash value will pay net premiums.

SBLI offers a full suite of whole life insurance policy riders, such as Accelerated Death Benefit, Child Term Rider, Guaranteed Purchase Option and Waiver of Premium.

At the end of the term, you will have the opportunity to purchase another term, or even it to convert your policy to a permanent insurance policy such as whole life, universal life or variable life.

You can do the opposite as well which is one debatable theories in life insurance industry that says purchase term policy and invest the difference instead of buying whole life insurance.

If you are in a rush for time and need the life insurance for a court order such as divorce cases or obtaining a loan for a real estate purchase then you will be in business with a Term life insurance with No Medical Exam type policy.

As its name implies, term life insurance policies are purchased for a set amount of time — or term.

In some cases, it can make sense for a client to keep their term life insurance policy, as it is possible that the plan was purchased for a «temporary» insurance need, such as the payoff of a mortgage balance.

A guaranteed issue policy is available to everyone, healthy or not, but the ease of purchase is reflected in higher premiums as compared to term life insurance for the same coverage amount.

If you are considering purchasing a life insurance policy, you may have run across the term known as «insurance interest»...

This is beneficial to those looking to purchase a 30 year policy, but who are intimidated by the premium price, as it offers an extra 5 years of protection for not much more than a 20 year term life insurance policy.

As most people only shop for and purchase one or two life insurance policies in their lifetime, they are not skilled or knowledgeable about life insurance terms and concepts.

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.

Life insurance policies are most affordable when purchased between the ages 25 - 30, with term plans as little as $ 15 - $ 25 per month for a $ 500,000 policy.

As part of an overall financial plan, Creedon recommended that she purchase $ 150,000 of life insurance in a 20 - year term policy.

You, the borrower, can purchase term life insurance on yourself and name your co-signer as a beneficiary or your co-signer can own a life insurance policy on you, the borrower.

Types of Life Insurance When you get ready to purchase life insurance, among the options that you will have are the various types of policies, such as term, whole, and universal lLife Insurance When you get ready to purchase life insurance, among the options that you will have are the various types of policies, such as term, whole, and univerInsurance When you get ready to purchase life insurance, among the options that you will have are the various types of policies, such as term, whole, and universal llife insurance, among the options that you will have are the various types of policies, such as term, whole, and univerinsurance, among the options that you will have are the various types of policies, such as term, whole, and universal lifelife.

Other types of policies, such as a whole life insurance policy, may be used for death benefits, establishing a legacy and more, but a 10 year term policy often is purchased with a very specific purpose in mind.

When purchasing a final expense life insurance policy, it is important for an applicant to determine the type of coverage that they need — term versus permanent — as well as the amount of coverage that will be appropriate for their specific needs.

As such, a term life insurance policy can be easily purchased to outlast a person's projected lifespan.

A term life insurance policy is purchased for a set period, or term, such as ten or twenty years.

Consumers may purchase a joint policy either as term life insurance, covering only a set number of years; or permanent life insurance, protecting one or both spouses for an entire lifetime.

The company also has a combination life / long - term care option whereby a policyholder can use a universal policy as an alternative to purchasing a stand - alone long - term care insurance policy.

The other option is to either purchase a permanent plan design such as Universal Life or add a smaller Universal life on to an existing life insurance portfolio that includes a Term insurance polLife or add a smaller Universal life on to an existing life insurance portfolio that includes a Term insurance pollife on to an existing life insurance portfolio that includes a Term insurance pollife insurance portfolio that includes a Term insurance policy.

Use your dividends to purchase extra coverage, such as a one - year term insurance or whole life insurance, that matures along with your original policy.

Should I purchase a $ 300K life insurance policy with a death benefit that would also serve as a long term health care plan if needed?

When you purchase term life insurance, just as with auto insurance, you hope that your policy is never redeemed, but the peace of mind you gain with a term life insurance policy can be even greater.