Sentences with phrase «remaining life insurance death»

Not exact matches

Unlike decreasing term life insurance, the death benefit of ART policies does remain the same.

Our language is filled with euphemisms about death: somebody passed away, or «we lost Uncle Ned»; if a husband and wife discuss life insurance, one typically hears, «If something should happen to me...,» not, «When I die...» Graveyards became cemeteries and then memorial gardens, the corpse has become the remains (and a cremated corpse the cremains), burial has become interment, and the death certificate the «vital statistics form.»

In a level term life insurance policy, the death benefit remains fixed at every point during the term..

Mortgage loan insurance is not to be confused with mortgage life insurance which guarantees that your remaining mortgage at the time of your death will not be a burden to your estate.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

Single - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of your life.

Commuted Settlement Should immediate liquidity of remaining cash value be desired by the owner or a lump sum death benefit be desired by the beneficiary (ies), Bankers Life Insurance Company is willing to process a commuted settlement

Unlike decreasing term life insurance, the death benefit of ART policies does remain the same.

With mortgage life insurance, the death benefit or coverage amount declines as your mortgage balance decreases, but the premium you pay remains the same.

A properly funded and maintained irrevocable life insurance trust allow death benefit to remain separate from high value estates to avoid the estate tax.

Enter the life insurance policy... a policy would be purchased that would provide a death benefit large enough to allow the remaining family to continue with their lives with as minimal disruption as possible to their living situation.

It is also superior to other types of permanent life insurance where the death benefit remains the same and never has a chance to grow with you.

On November 15, 2013, Stephen changed his life insurance so that on his death, Evangeline would be entitled to 53.6 percent of the insurance money and Anastasia, Derek and Meaghan (the children) would be entitled to the combined total remaining 43.6 percent.

In a $ 500,000 whole life insurance policy with a level death benefit, as the premium is paid, fees and sales charges are deducted, and the remaining amount is credited to the cash value.

Most (if not all) «term» life insurance death benefits and premium payments should remain constant during the «term» period.

Level term life insurance is coverage that has the premium and death benefit remain the same for the duration of the term.

Level term life insurance is a type of term life insurance policy for which the premium payments and death benefits remain the same throughout the lifetime of the policy.

Whole life insurance is a policy that will remain in place until death.

A graded death benefit is a clause written into guaranteed issue life insurance policy which states that prior to your policy covering «Natural» causes of death, you must first remain ALIVE for a certain period of time (typically 2 - 3 years depending on the carrier) after your guaranteed issue life insurance policy goes into force.

Business Continuation Insurance Life or disability coverage intended to help a business remain operational in the event of the death or disability of an owner.

Decreasing Term Life Insurance — With this type of policy, the death benefits decrease over various designated time increments throughout the life of the policy, but the premiums you pay remain the sLife Insurance — With this type of policy, the death benefits decrease over various designated time increments throughout the life of the policy, but the premiums you pay remain the slife of the policy, but the premiums you pay remain the same.

Travel life coverage can be added to an existing life insurance policy to cover the costs of a death abroad and the expenses of promptly returning remains and personal effects home.

• Decreasing Term Life Insurance — Here, the death benefits decrease over designated time increments throughout the life of the policy, but the premiums you pay remain the sLife Insurance — Here, the death benefits decrease over designated time increments throughout the life of the policy, but the premiums you pay remain the slife of the policy, but the premiums you pay remain the same.

This type of policy differs from Term Life Insurance in that the face amount (death benefit) remains level to age 100.

It probably isn't surprising a policy's death benefit remains the number one reason individuals buy life insurance.

Similar to Whole Life Insurance, the death benefit remains constant for lLife Insurance, the death benefit remains constant for lifelife.

Whole life insurance remains in force for the insured's entire lifetime and offers a guaranteed death benefit as well as cash value.

Because this is a whole life insurance policy, the death benefit is also guaranteed to remain in force.

Single - premium variable life insurance allows you to buy insurance with a single premium (lump sum) payment in return for a guaranteed death benefit that will remain paid - up until you die.

With a viatical settlement, a viatical settlement company buys your life insurance policy, gives you a percentage of the death benefit upfront, and then pays all the remaining premiums to become the sole beneficiary of your policy — receiving the full benefit when you die.

Decreasing term life insurance — sometimes called «mortgage insurance» — offers a death benefit that shrinks over time, and a premium that remains the same for the duration of the policy.

Life insurance is a great way to help keep the business afloat in the event of your untimely death; it can help cover the costs of the inevitable disruption a business goes through with the passing of a partner, can allow the remaining partners to find a new partner, or can provide the funds to allow your partner or family to close the business.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

In a level term life insurance policy, the death benefit remains fixed at every point during the term..

With a whole life insurance plan, the amount of the policy's death benefit will remain the same, as will the amount of the premium payment.

This means that even if you have drawn on a particular rider, you remain eligible for the death benefit on the life insurance plan.

If you pass away during the term (duration) of your mortgage life insurance policy, the death benefit is paid to the person you choose (beneficiary) who can use the money to pay off your outstanding mortgage loan, and use any remaining money for any purpose, such as, living expenses, education, paying off credit cards, provide for your funeral and burial costs, etc..

The Basic Term Life Insurance Policy provides death benefit protection for 15 years — and throughout this period of time, the death benefit coverage will remain level.

This type of coverage is a type of permanent life insurance coverage, meaning that the death benefit will remain as long as the insured continues to pay the premiums.

Mortgage life insurance benefits usually decrease over time but with level premiums; whereas, term life insurance has death benefits that remain level until your policy expires, with level premiums.

Level term life insurance policies are most common and have death benefits and premiums that remain the same throughout the length of the policy.

The insurance comes with an accelerated death benefit rider which pays out early if the insured is diagnosed with a terminal illness and given less than 12 months or if the insured is confined to a nursing home for more than 90 days and is expected to remain confined for the duration of the insured's life.

With a term life insurance policy the death benefits you buy remains constant until the term expires.

Both the death benefit and the premium amount are typically guaranteed to remain fixed with a whole life insurance plan

Because ordinary universal life insurance must have cash value to stay in force, the guaranteed UL allows policies that would otherwise lapse to remain in force so that the beneficiary receives the death benefit that they are entitled to.

A major benefit of permanent life insurance is that the premium is fixed remaining the same each year, and the death benefit remains level.

This life insurance policy offers 1/3 of your life insurance coverage as term insurance and the remaining 2/3's as accidental death insurance.

Most guaranteed acceptance life insurance policies will generally require that the policy remain in place for at least 2 years before it will pay out due to death from a natural cause.

With a decreasing term life insurance policy, your premium usually will remain the same during the term, but the death benefit is reduced over time.

With Protective Life's term insurance at year 16 the premium will remain the same at $ 245 per year, while the death benefit decreases to $ 209,348.