Sentences with phrase «purchase temporary coverage»

With a term policy, you are purchasing temporary coverage — it's like renting your insurance.

Not exact matches

These plans are a temporary form of coverage and are only active for the length of the term that you purchased.

Usually, for example, you would be able to get policies with or without temporary accommodations coverage as you wished when you purchased the policy and that decision would govern what the insurance company on the risk would have to pay for when a claim was made by the insured.

However, as author Tony Steuer states in his 2010 book, Questions and Answers on Life Insurance, «Term insurance is generally agreed to be an excellent short - term solution to a temporary need for life insurance coverage -LSB-...]» The number of reasons someone might require or opt to purchase temporary life insurance are nearly as varied as the individuals themselves; from young people first asserting financial independence to entrepreneurs, from empty nesters with children in college, and a plethora of others, term life insurance may be just the ticket.

Term is frequently purchased to cover a temporary life insurance need and is the most affordable type of coverage.

Term life insurance is also known as temporary life insurance because it is a contract purchased for a specific premium to provide coverage for a specific number of years.

Term life insurance is temporary coverage and can be purchased for a term as short as 3 months or as long as 30 years.

If your need for health care coverage is temporary (12 months or less), consider purchasing a «short - term» plan.

A good life insurance policy can help ease the hardships of death and loss; purchasing coverage so that your loved ones will not have to face financial ruin or even temporary hardship is one way to show them how much you love them.

A temporary loss of luggage is covered under travel insurance baggage delay coverage, which reimburses the insured traveler (up to the policy limits) for the purchase of essential personal items necessary until their luggage arrives.

If you want to wait for the government Open Enrollment Period (OEP), or if you need coverage while waiting for an employer - provided plan or a life - qualifying event, you can also purchase short - term health insurance — a temporary policy that can provide valuable stop - gap coverage and peace of mind in the event of an illness or accident.

Depending on the kind of temporary insurance you decide to purchase, you will have different coverage options.

If you know that you will not have Medicare - related coverage when you travel, you may want to consider purchasing a temporary travel health insurance policy.

Non-United States citizens or any visa holders (e.g. L / H / B1, B2, etc.) as well as person on Green Card living outside of the U.S. can also purchase the plan for temporary coverage in the U.S.. For someone below 65 years of age, coverage must begin within 6 months of arrival in the U.S. and for someone 65 years of age and older, coverage must begin within 30 days of arrival in the U.S. (restriction waived with proof of previous valid insurance within 30 days of the policy start date).

If you do not have auto insurance, then you'll likely want to purchase rental car coverage or temporary car insurance.

Many people consider term life insurance as «temporary» coverage because it can be purchased for a certain time frame and can, therefore, be bought to cover for certain needs, such as paying off the balance of a mortgage.

Trusted Choice ® insurance agents can help you choose the right coverage options for your particular short - term needs and find you multiple quotes from a variety of insurance companies, enabling you to purchase the best temporary car insurance policy at the most affordable rates.

While many people purchase term life insurance to cover a «temporary» need, others may feel that it is best to keep their coverage for an indefinite period of time.

These policies are designed to pay out, so if some of the life insurance coverage you need is temporary, like a mortgage or college tuition for example, you may want to consider purchasing term life insurance as well.

Honestly, I wouldn't worry much about purchasing coverage for temporary disability.

Although term insurance offers temporary coverage, the affordable rates allow for the purchase of much larger coverage than you might be able to buy with a permanent life insurance plan such as whole life, universal life or variable universal life.

Term life insurance, however, is purchased for a longer period of time than temporary insurance, usually 1 to 20 years although short term coverage is available at a much higher premium.

In addition, the bill permanently extends Transitional Medical Assistance (TMA), which provides temporary health care coverage to families who have lost Medicaid eligibility because a member of the household found a job or received a wage increase but can not afford to purchase insurance in the private market.