Sentences with phrase «purchase additional life insurance coverage»

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 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.

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.

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.

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.

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

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.

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.

Not exact matches

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).

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

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.

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 chLife 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 eaInsurance — 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 chlife 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 eainsurance 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 chlife insurance amount, and dependent life insurance of $ 10,000 for eainsurance amount, and dependent life insurance of $ 10,000 for each chlife insurance of $ 10,000 for eainsurance of $ 10,000 for each child.

And, some policies contain guaranteed purchase options, which allow you to buy additional life insurance coverage at specified times, regardless of your health.

Since this only covers accidental death and does not cover natural causes (such as heart disease, stroke, or cancer), this life insurance rider is best purchased when the insured is maxed out on the amount of life insurance they can qualify for and he or she need some additional coverage.

Additional Premium Life insurance premiums, in addition to those planned or scheduled, that can be applied directly toward the purchase of additional coverage and / or to increase caAdditional Premium Life insurance premiums, in addition to those planned or scheduled, that can be applied directly toward the purchase of additional coverage and / or to increase caadditional coverage and / or to increase cash values.

Many employers offer a basic life insurance as a benefit and some even allow you to purchase additional coverage at a very affordable rate.

We understand that the purchase of a single life insurance policy — as well as the purchase of additional life insurance coverage — may seem to be a bit overwhelming.

If your family or business needs more coverage than that, you'll have to purchase additional no medical exam plans or apply for a traditional life insurance plan.

Should you find that you still have any additional questions or concerns regarding the purchase of life insurance coverage — or even if you just happen to have a question about life insurance in general — please feel free to call us directly via phone.

Check with the employee benefits administrators of your relative's former employers to see if any group life insurance policies are still in effect or if your loved one purchased additional voluntary coverage at work.

Depending on the state you live in and the insurance provider, you can purchase additional coverage for items excluded in the general policy, such as damage due to earthquakes and floods.

A rider is additional coverage that can be purchased separately and added to your life insurance policy and is a common way for clients to personalize their life insurance plan.

This coverage allows the policy owner to purchase additional amounts of insurance on the life of the insured person without evidence of insurability up to a maximum of 5 times.

There are a number of strategies that can help you get a lower auto insurance quote.For one, you can shop around.While most companies use similar methods to determine premiums, there is a lot of competition for your business in the industry.Premiums for the same coverage can vary by hundreds of dollars from one company to another.You can also ask for discounts.Many insurance companies will reduce your auto insurance premium if you purchase another form of insurance such as homeowners insurance or life insurance from them.Likewise, if you have anti-theft devices or additional safety features on your vehicle you may also qualify for a discount.If you need to lower you premium further, consider getting a higher deductible.Paying your premium in fewer installments can also save you money.

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.

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.

This option makes the most sense after premium payments are no longer due for a life insurance policy and there is no need to increase the death benefit through the purchase of additional paid up coverage.

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.

If you fear that you may need additional life insurance coverage in the future, but due to a family history of disease or other concern you also fear that you will not be insurable, you may want to consider purchasing some whole life insurance.

But if you start a family or you need more money to pay for your kids» college expenses, you might need to purchase additional term life insurance coverage.

Permanent Life Insurance has the cash buildup to provide the ability to purchase additional coverage, known as paid up additions.

If you do not have any other types of life insurance in place, you could add an additional amount of coverage when you purchase burial insurance.

When standard life insurance packages aren't offering the coverage you need, you can purchase additional security with something called a «rider.»

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).

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

Some companies provide a nominal death benefit life insurance policy to all employees for free, with the option to purchase additional coverage offering higher death benefits.

And if it has a guaranteed purchase option, it will allow your young relative to buy additional life insurance coverage if needed in the future.

With voluntary life insurance, there are various «additional benefits» and the main one is a chance to prove your good health in order to purchase more coverage on your insurance.

Therefore, whether you currently have life insurance coverage in place and are simply considering purchasing some additional coverage, or you're just beginning to look for your first life insurance policy, the information you'll find below will certainly provide you with what you'll need to know so that you'll be sure to get the right type of life insurance coverage — because the time to buy life insurance coverage in your 50s is now!

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.

Once a term life insurance policy expires you can either drop it or purchase additional coverage.

The fact is, if you have a need for additional life insurance coverage, you may want to purchase supplemental life insurance to add to your current financial plan to provide your loved ones with an adequate amount of protection.

You can purchase one or both types of life insurance, as well as options for your employees to purchase additional coverage through the plan.

Kansas, Nebraska, Oklahoma and Utah adopted provisions prohibiting all insurance policies in the state from covering abortion except in cases of life endangerment; they all permit individuals to purchase additional coverage at their own expense.