Sentences with phrase «purchased at a specific age»

Not exact matches

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 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 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.

And this population was pre-selected — we know sub 70 - 75 yr old insureds aren't that interesting to life settlement purchasers, we know a purchaser's criteria & target return will generally focus them in on a v specific age range, and we know policies were purchased at least 7 yrs ago at this point — all pointing to a tight age distribution arnd current 89 yr avg.

«Pet owners have begun to take a closer look at what goes into their pet's diet, leading many of them to purchase a breed, size, or age - specific option,» says Marilyn Chambliss McElroy, associate product manager at Nutramax Laboratories.

The guaranteed insurability rider alters the parameters of your policy by giving you the right to purchase additional insurance at specific option dates, usually up to age 40.

Factors that determine the cost of your life insurance premium include the amount of coverage you want, your age at the time of purchase, in some cases your medical history and specific aspects of your lifestyle, such as occupation and hobbies.

The rider allows the purchase of additional coverage without proof of insurability at specific ages, or alternatively, on certain special occasions such as marriage or the birth of a child.

Additional age restrictions may exist depending on specific benefits selected at time of purchase.

Depending on the type of term insurance purchased, the premiums will either stay level for a certain period of time, or they will increase at specific ages along the way and eventually end.

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.

The rider allows the purchase of additional insurance coverage with no evidence of insurability at specific ages or special occasions, up to age 46.

With that in mind, the best type of life insurance to purchase may depend on your actual age at the time you apply for a policy as well as the specific need that you are covering.