Sentences with phrase «purchase additional life insurance»

This rider allows you to purchase additional life insurance at a later date when you think you may be needing it the most, like, after marriage or after the birth of a child.

You may need to purchase additional life insurance to fill in the gap.

This provision will allow you to purchase additional life insurance in the future without regard to the condition of your health.

The GI rider is an excellent rider on life insurance for children because it allows him or her to purchase additional life insurance throughout their life with NO proof of insurability, i.e. no medical exam or background check.

There is also usually an option for the employee to purchase additional life insurance as part of a supplemental plan that may go up to 3 - 5 times their annual earnings.

Guaranteed Insurability Rider — With this rider, the insured may purchase additional life insurance coverage at a time in the future without having to undergo a medical examination or provide any evidence of insurability.

The additional coverage provided by some disability riders, and the option to purchase additional life insurance at the same health rating as the original policy provided by the guaranteed insurability rider has significantly improved policy owners peace of mind and quality of life.

Knowing that there may be life events that will require you to purchase additional life insurance, the Guaranteed Insurability rider allows the policyholder to purchase additional coverage at regular intervals without having to prove insurability.

The rider ensures that you can purchase additional life insurance coverage at «some future time» without having to provide you insurer any information about your insurability and without having to take a medical exam.

It allows the insured to purchase additional life insurance coverage at specific ages, or alternatively, at special occasions such as the birth of a child or marriage.

Guaranteed Insurability Rider DEFINITION: an optional rider attached to permanent life insurance policies that allows the owner to elect to purchase additional life insurance death benefit coverage periodically at certain attained ages, or alternatively, upon certain special occasions such as marriage and the birth of a child.

It gives the owner of the policy an ability to purchase additional life insurance at a future date without proof of insurability.

By being a member of the American Institute of CPAs, or AICPA, individuals — as well as their spouses — can be eligible to purchase additional life insurance coverage, often at a reduced monthly premium life insurance rate.

This is due to a couple different reasons: 1) Dividends that are issued are used to purchase additional life insurance.

Certain policies also allow your child to purchase additional life insurance on top of what you bought, no matter their health status.

In addition, this rider will only allow you to purchase additional life insurance at specified times or for certain life events - called option dates.

If you don't want to purchase additional life insurance coverage for your children, there are several alternatives that you can choose from, but one of the simplest is to put the money into a separate savings account.

If you are unable to afford the amount of life insurance that you need today, the guaranteed insurability rider is a life insurance option that'll allow you to purchase additional life insurance at a later date - without a medical exam to prove your insurability.

If you are unable to afford the amount of life insurance you need today, adding this rider allows you to purchase additional life insurance at a later date without having to prove your insurability.

This cash can be used to purchase additional life insurance (paid - up additions) that increases both the total death benefit and cash value of your life insurance policy.

A guaranteed insurability rider lets you purchase additional life insurance coverage at a later date (and at specified intervals) without undergoing a medical exam or providing any evidence about your insurability.

Therefore, a personal plan is needed which allows you to purchase additional life insurance.

The rider allows the insured to purchase additional life insurance down the road with no evidence of insurability required.

Some employers also allow employees to purchase additional life insurance coverage under their group benefit coverage plan.

Supplemental Life Insurance — You may purchase additional life insurance for yourself up to three times your annual salary, spousal coverage up to 50 % of your life insurance amount, and dependent life insurance of $ 10,000 for each child.

It allows you or your child (or grandchild) to purchase additional life insurance down the road without having to answer any questions or take a medical exam.

If you are unable to afford the amount of life insurance you need today, adding this rider allows you to purchase additional life insurance at a later date without having to prove your insurability.

If you are covered under the Basic Group Life Insurance Program, you are eligible to purchase additional life insurance for yourself as well as your spouse and dependent children through the Optional Group Life Insurance Program.

Life Insurance: B&H provides a company - paid life insurance benefit to qualifying employees, as well as the opportunity to purchase additional life insurance for themselves and their families.

Guaranteed Purchase Option Rider: allows the insured to purchase additional life insurance coverage with no evidence of insurability at specific ages or for specific events, such as marriage, buying a home and the birth of a child.

Employees may choose to purchase additional life insurance, including spousal and dependent coverage.

(Automatic default can also be triggered if you die before the loan is paid off; ask your lender about repayment terms and consider purchasing additional life insurance for yourself to allow for this possibility.)

If you find a gap between the two — consider purchasing additional life insurance to help cover these costs.

Dividends can be used in several ways, including purchasing additional life insurance coverage, adding to the cash value component of a permanent life insurance policy, or receiving directly in cash.

The reason that you will find this clause particularly attractive is that somewhere along the line you may find that you have developed some type of ailment that would prevent you from purchasing additional life insurance.

As the person adds responsibilities over a period of time, marriage or birth of a child), he / she may increase the coverage by purchasing additional life insurance.

Not exact matches

For a small additional fee, health insurance providers allow you to purchase a life insurance plan, either from them or from another company.

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

thanks, and yes, a pittance of a pension and regular checkups keep us on budget and head off any problems — best decision i ever made (financial or otherwise) was serving our country doing search - and - rescue, oil and chemical spill remediation, etc. (you can guess the branch of service)-- along the way, frugal living, along with dollar - cost averaging, asset allocation, and diversification allowed us to retire early — Vanguard has been very good over the years, despite the Dot Bomb, 2002, and the recession (where we actually came out better with a modest but bargain retirement home purchase)... it's not easy building additional «legs» on a retirement platform, but now that we're here, cash, real estate, investments and insurance products, along with a small pension all help to avoid any real dependence on social security (we won't even need it at full retirement age)-- however, like nearly everybody, we're headed for Medicare in several years, albeit with a nice supplemental and pharmacy benefits — but our main concern is staying fit, active, and healthy!

However, the death benefit and cash value can continue to grow with participating policies since the dividend can be applied to purchase additional paid - up life insurance coverage.

Voluntary term life insurance just refers to the additional coverage that employees can opt - in to purchase, hence the «voluntary» title.

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

You can use your whole life insurance dividends for cash, to pay premiums, earn interest with the carrier or purchase paid - up additional insurance coverage.

Accelerator Paid Up Additions Rider: paid up additions allow the purchase of paid up additional life insurance through additional premium payments or dividends.

For maximum whole life insurance cash value growth, choosing the paid - up additions option, which purchases additional paid - up insurance, will further enhance your policy's cash value and grow your death benefit.

Flex Pay PUA Rider — Paid - up additions riders allow you to pay additional premium into your policy to purchase additional participating whole life insurance, which increases your death benefit and cash value.

Value Enhancement Rider: The VER is a whole life insurance rider that allows you to add additional single or periodic premium payments to your policy to purchase paid up additions, increasing your death benefit and cash value.

Similar to adding an additional insured rider, you can purchase a joint life insurance policy with your spouse or anyone else that's financially tied to you.

Paid - up additions allow you to use your dividend to purchase additional paid - up life insurance.

The Additional Life Insurance Rider (ALIR) allows the owner of the policy to make increased premium payments in order to purchase additional participating paid up life insurance, increasing the policy's death benefit and cash valAdditional Life Insurance Rider (ALIR) allows the owner of the policy to make increased premium payments in order to purchase additional participating paid up life insurance, increasing the policy's death benefit and cash value groLife Insurance Rider (ALIR) allows the owner of the policy to make increased premium payments in order to purchase additional participating paid up life insurance, increasing the policy's death benefit and cash valuInsurance Rider (ALIR) allows the owner of the policy to make increased premium payments in order to purchase additional participating paid up life insurance, increasing the policy's death benefit and cash valadditional participating paid up life insurance, increasing the policy's death benefit and cash value grolife insurance, increasing the policy's death benefit and cash valuinsurance, increasing the policy's death benefit and cash value growth.