Sentences with phrase «purpose of life insurance coverage»

The second purpose of your life insurance coverage is to replace your paycheck if anything tragic were to happen to you.

Templin said while the primary purpose of life insurance coverage is to pay off debt and help maintain a lifestyle, chances are nothing bad will happen, so this type of policy can also accumulate cash that can be used to supplement education or retirement costs.

The purpose of your life insurance coverage is to replace your salary if you were to pass away.

Not exact matches

Term life insurance provides affordable coverage for a defined period of years, with its primary purpose to replace income or help pay off outstanding debts if the insured dies during that time.

For purposes of this post, it just needs to be understood that we can bridge the deficiency of not having enough coverage in our banking policy with a term rider, which can be used to add convertible term life insurance (which results in an increase to the death benefit).

This can be an especially good purpose for a mortgage life insurance policy, because employer plans generally do not provide enough coverage to provide for many of your family's needs upon your death.

The only way I can tell you exactly what it may cost for you is by providing you with a customized life insurance quote, however for the purposes of example, I will quote a Preferred Plus Non Tobacco Rates for a 30 year old Male, a 45 Year old Female, and a 55 Year Old Male all for $ 250,000 of coverage.

So, if you need coverage quickly — such as for the approval of a loan or other similar purpose — then going with a no exam life insurance plan may be a good option for you.

These plans are developed with the dual purpose of providing a saving avenue to customers and also to provide life insurance coverage at the same time.

And for the purposes of this blog, it's important to note that better health usually leads to better, cheaper life insurance and long - term disability insurance coverage.

It is supplemental insurance coverage that provides a lump sum of cash you can use for any purpose *, such as medical treatments, living expenses, and transportation services.

The purpose of Sun Life Financial is to help you find the best life insurance coverage for you and your famLife Financial is to help you find the best life insurance coverage for you and your famlife insurance coverage for you and your family.

These will depend primarily on the financial needs of potential beneficiaries, as well as the overall purpose for the life insurance coverage.

The purpose of the medical exam is to give the insurance company an idea of how much you are for the life insurance coverage, but without the medical exam, they are taking a much greater risk for coverage.

In addition to the many other reasons for owning life insurance over age 50, one of the biggest purposes to having this coverage is to keep your promises.

Because of the potential risk that may be involved, it is important that an individual carefully assess their risk tolerance, as well as their purpose for the coverage, when considering the purchase of a variable life insurance policy.

Typically, people who buy life insurance with the purpose of needing the coverage for the next 12 months are uninsurable.»

This type of life insurance coverage is known in the industry as mortgage life insurance, and it is designed for this specific purpose.

This section: Explains the purpose of life insurance at its most basic Helps you figure out how to name a beneficiary Begins to explain how to calculate coverage amounts

These are, basically, life insurance products with smaller coverage (and they are therefore cheaper) since their only purpose is to take care of final expenses so you do not pass those costs to your loved ones.

Bharti AXA Life Secure Income Plan is a traditional non-participating savings plan with regular monthly incomes to take care of the additional expenses and also life insurance coverage for protection purpLife Secure Income Plan is a traditional non-participating savings plan with regular monthly incomes to take care of the additional expenses and also life insurance coverage for protection purplife insurance coverage for protection purposes

In case of death, it will serve the same purpose as your life insurance policy would and safeguard your child's financial future, provide medical coverage and take care of his or her education costs, which are rising exponentially.

This type of life insurance, also often referred to as funeral insurance or final expense coverage, is typically obtained for the purpose of providing one's survivors with cash so that funeral and other related expenses can be paid.

For purposes of this post, it just needs to be understood that we can bridge the deficiency of not having enough coverage in our banking policy with a term rider, which can be used to add convertible term life insurance (which results in an increase to the death benefit).

The Yearly Renewable Term Policy This policy was designed with the express purpose of providing life insurance coverage with minimal initial outlay.

Life insurance coverage is usually bought with the purpose of giving funds to your loved ones if your life were to Life insurance coverage is usually bought with the purpose of giving funds to your loved ones if your life were to life were to end.

The purpose of cash value life insurance is to offer long - term coverage for the insured person's whole life.

Most guaranteed universal life insurance policies offer as little as $ 25,000 of coverage for final expenses, or as much as $ 50,000,000 for estate planning purposes.

Because many seniors apply for final expense life insurance coverage, these plans will not usually require a medical exam to be taken for the purpose of qualifying for coverage.

The purpose of term life insurance is to set a predetermined period over which the customer will make monthly payments for life insurance coverage.

If you had the Return of Premium feature, you will receive cash back for all the premiums paid, which you can use to get a new term policy, or convert to a permanent life insurance policy, or use the premiums returned for any purpose and the coverage terminates.

This can be an especially good purpose for a mortgage life insurance policy, because employer plans generally do not provide enough coverage to provide for many of your family's needs upon your death.