Sentences with phrase «purchasing life policy»

Along with your auto insurance, you would also be purchasing life policy, home policy, and health insurance.

And if you're in the process of purchasing life policy, either for you or for someone else, you should make sure that suicide is not a listed exclusion.

If your family has a history of serious illnesses, purchasing a life policy with an accelerated benefit rider is something that you will want to consider, especially with the rising cost of health care.

Listed below are life insurance explanations as well as recommendations for purchasing a life policy, tax avoidance and estate planning strategies.

Most people make a long term commitment when they decide to purchase a life policy.

Perhaps you are working toward better health and want to purchase a life policy that will buy you additional time.

In summary, simplified term life insurance is a quick and painless way to purchase a life policy that will protect your loved ones in their time of need.

I am 34 yrs old, and I have purchased some life policy from the agent.

In summary, simplified term life insurance is a quick and painless way to purchase a life policy that will protect your loved ones in their time of need.

According to recent surveys, the majority of seniors who do not purchase life policy is because of the perceived cost.

This is why it's important to carefully calculate your expected funeral costs when you purchase a life policy to pay for it all.

If you've purchased a life policy for your child or spouse, you can also add this rider to their policy.

And typically, the sooner you purchase your life policy, the lower your premiums will be.

In a stock redemption plan funded by life insurance, each business owner is party to an agreement where the business purchases a life policy on the life of each business owner in an amount equaling their respective business interests.

I am 34 yrs old, and I have purchased some life policy from the agent.

If you've purchased a life policy for a child — and you become disabled (as defined in the policy) or pass on — this rider allows premiums to be waived on that policy for a period of time.

Needing to purchase a life policy for my 60 year old mom, to hep to cover funeral expenses and estate costs.

Assisted clients on purchasing life policies to ensure financial security in case of long term care requirements or other relevant financial crises.

Not exact matches

You will also need the more costly cash value policy if you purchase life insurance for the purpose of leaving a charitable legacy, Simmonds said.

«First, purchase an investment - oriented life - insurance policy with funds from your qualified pension or profit - sharing plan,» says Cohen.

But while the total number of U.S. life insurance policies — bought by both private citizens and employers — is shrinking, standard life plans are still among the most popular form of coverage purchased.

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).

(a) Schedule 2.7 (a) of the Disclosure Schedule contains a list setting forth each employee benefit plan, program, policy or arrangement (including any «employee benefit plan» as defined in Section 3 (3) of the Employee Retirement Income Security Act of 1974, as amended («ERISA»)(«ERISA Plan»)-RRB-, including, without limitation, employee pension benefit plans, as defined in Section 3 (2) of ERISA, multi-employer plans, as defined in Section 3 (37) of ERISA, employee welfare benefit plans, as defined in Section 3 (1) of ERISA, deferred compensation plans, stock option plans, bonus plans, stock purchase plans, fringe benefit plans, life, hospitalization, disability and other insurance plans, severance or termination pay plans and policies, sick pay plans and vacation plans or arrangements, whether or not an ERISA Plan (including any funding mechanism therefore now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise), whether formal or informal, oral or written, under which (i) any current or former employee, director or individual consultant of the Company (collectively, the «Company Employees») has any present or future right to benefits and which are contributed to, sponsored by or maintained by the Company or (ii) the Company or any ERISA Affiliate (as hereinafter defined) has had, has or may have any actual or contingent present or future liability or obligation.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

Similarly, if you have a participating whole life insurance policy from a mutual insurer, you can also use any dividends you receive to purchase paid - up additions.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional 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.

Before purchasing a variable universal life insurance policy, you should carefully consider the investment objectives, risks, charges, and expenses of the policy and its underlying investment choices.

Life expectancy and retirement aside, if you're purchasing a life insurance policy to protect a specific interest — such as a business loan or mortgage — you may also need to think about the potential duration of that need when considering your optiLife expectancy and retirement aside, if you're purchasing a life insurance policy to protect a specific interest — such as a business loan or mortgage — you may also need to think about the potential duration of that need when considering your optilife insurance policy to protect a specific interest — such as a business loan or mortgage — you may also need to think about the potential duration of that need when considering your options.

With term life insurance, however, the policy is purchase for a set period of time.

A life insurance trust is a trust that has the power to purchase life insurance policies on the person who establishes the trust (the grantor), the grantor's spouse, or the trust...

Mortgage life insurance quotes are more expensive for healthy homeowners because most policies don't require you to get a medical exam prior to purchase.

Annual renewable term life insurance (ART) is a type of term life insurance policy that allows you to purchase one year of coverage at a time.

Additional Insured Rider Provides death benefit coverage on the lives of up to three family members without having to purchase separate policies.

We recommend that you don't purchase credit life insurance and, if you're concerned about debts being passed on, purchase a term life insurance policy instead.

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.

A whole life insurance policy may be purchased to supplement term life insurance to cover final expenses, protect a special needs child, or to provide tax advantages for large estates.

If you do not indicate that you have a long term care policy, plan to purchase an annuity or long term care policy to cover long term care, plan to use home equity or a family member to help care for you, or predict that you will not ever need long term care, then the system will apply costs to the last 3 years of your life.

For example, if you have a 30 - year mortgage for $ 300,000, you can purchase a term life insurance policy with a matching death benefit and term length.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

You could purchase an online life insurance policy — a permanent (whole life) insurance policy.

«A better alternative may be to purchase a permanent life insurance policy that accrues a cash value,» he explained.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

The riders available for a particular policy change by insurer, so if you'd like to customize your coverage using them, you'll want to check what exactly is available before you purchase the life insurance.

A commonly shared rule of thumb for determining your life insurance needs is to purchase a policy with a death benefit equal to 5 to 10 times your annual income.

If you're considering permanent life insurance, but are wary of the complexity of the policy and not interested in the cash value or investment benefits, guaranteed universal life insurance is a less expensive way to purchase nearly - lifelong coverage.

You can only purchase a Banner term life insurance policy through age 75, but the insurer is has some of the best rates available, even if you have some medical conditions.

Online Activity in the Life Insurance Purchasing Process Beyond leveraging social media, 87 percent of consumers indicate that during the purchase process they would use the internet to research life insurance, regardless of how they purchase their polLife Insurance Purchasing Process Beyond leveraging social media, 87 percent of consumers indicate that during the purchase process they would use the internet to research life insurance, regardless of how they purchase their pollife insurance, regardless of how they purchase their policy.

If, for example, you received a significant promotion and raise 5 years after purchasing term coverage, you might want to convert to a permanent life insurance policy to take advantage of the tax benefits and receive dividends.

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.