Sentences with phrase «purchasing supplemental life»

However, if you're relatively healthy and can qualify for reasonable rates elsewhere, we wouldn't recommend purchasing supplemental life insurance.

To better secure your family's financial future, you may want to consider purchasing supplemental life insurance.

Some employers provide employees with the option to purchase supplemental life insurance that increases coverage and does not have stipulations, such as AD&D or burial insurance.

On the other hand, if you need more life insurance than is provided as basic group coverage and have had trouble being approved for an individual policy, you should purchase supplemental life insurance.

Whether you should purchase supplemental life insurance through your employer is primarily dependent on your health.

An employee can then choose to purchase supplemental life insurance, typically by paying a small monthly premium.

If this is the case in your situation, one option is to purchase a supplemental life insurance policy on the private market.

If you decide that your employer sponsored plan is not enough and would like to purchase supplemental life insurance, please start by comparing life insurance rates for free at Life Ant.

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.

Not exact matches

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!

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).

The Supplemental Nutrition Assistance Program (SNAP), formerly known as the Food Stamp program, provides financial assistance for purchasing food to low - and no - income people living in the U.S..

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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 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 each chlife insurance amount, and dependent life insurance of $ 10,000 for each chlife insurance of $ 10,000 for each child.

Supplemental Term Life: An employee - paid benefit allowing you to purchase additional protection as your needs change over time.

A supplemental policy works the same way as most types of life insurance: You choose a coverage amount to purchase; make regular payments on the premium, and your beneficiary can receive a cash benefit when you pass away.

As an example of the above, let's assume that you are 40 years old and decide to purchase an indexed universal life insurance policy for supplemental income purposes.

While people often get some life insurance coverage through their employer, many purchase supplemental policies to have coverage tailored to their lifestyle.

It can be purchased separately or as supplemental insurance in addition to term or whole life coverage.

Supplemental life insurance is typically only a good choice if you have pre-existing conditions or for some reason can't purchase an individual term life insurance policy.

Supplemental Term Life: An employee - paid benefit allowing you to purchase additional protection as your needs change over time.

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).

When coupled with other eligible transfers and purchases, a senior citizen can secure supplemental Medicaid coverage at no cost while maintaining a high standard of living.

Voluntary supplemental life insurance is another name for supplemental insurance that an employee chooses to purchase from their employer.

The only difference is that group life insurance has a limit on the death benefit, and supplemental protection may need to be purchased privately.

Since term life can be purchased to cover a specific time period, the policyholder does not have to pay for the extra life insurance once the need for it has passed and inexpensive premiums make term life an excellent option for supplemental coverage.

For this policy, I purchased $ 353,848 of death benefit, some of it being supplemental term insurance which converts to whole life every year automatically, along with a small amount of base whole life.

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.

Through a network of independent insurance agents across the U.S., customers can purchase a variety of life insurance products, annuities, mortgage protection, final expense insurance and Medicare supplemental insurance.

Employees may have to undergo medical underwriting to qualify for the supplemental life insurance, and it could be more expensive than purchasing a separate, individual life insurance policy.

Once you understand your life insurance needs, you'll have to decide if it's better to purchase additional insurance through your employer's plan OR buy a separate supplemental life insurance policy.