Sentences with phrase «require life insurance on»

Not exact matches

Recognition of prior coverage — if your medical interview (where required) is not approved, Secure Start will provide life coverage as long as you've had mortgage life insurance on a prior mortgage.

Depending on the type of life insurance policy, you may also be required to take a physical exam, which could include a drug test.

Term life insurance premiums are based on age and health, and may require a medical exam to qualify.

Living here in the Capital of Texas, and within easy reach of the Capitol building, nothing bad could ever happen to you that would require you to make a claim on your 5th Street Commons renters insurance, right?

Minneapolis, MN: The Federal Housing Administration (FHA) has announced that sometime in 2013, all new FHA insured mortgage loans will now require the monthly mortgage insurance be on the loan for the entire LIFE OF LOAN.

In part, this is because insurance to protect assets is forced on us in many cases (your mortgage company will require you to have homeowner's insurance and auto insurance is mandatory in 49 states), but nobody is forced to purchase life or disability insurance.

Depending on where you live, flood insurance may be required by your lender or the government.

As long as you live in the home as your primary residence and are up to date on your loan obligations (property taxes, homeowner's insurance and home repairs), the reverse mortgage will not be due and payable, and you won't be required to repay it.

Homeowners» Insurance: Required for all mortgage loans, protects the home from damage and theft Owner's Title Insurance: Optional policy ensuring the title will not be subject to a claim of ownership, lien or other encumbrance Private Mortgage Insurance (PMI): Required by most lenders when the down payment is less than 20 % Federal Housing Administration (FHA) Mortgage Insurance Premium: Required on all FHA loans Mortgage Life Insurance: Optional policy that protects family and estate by paying off the loan in case of death Disability Insurance: Optional policy that guarantees loan payments will be made in case of disability

Mortgage insurance premiums are now required for a minimum of 11 years on all FHA loans and for the life of the loan on all FHA loans with a down payment of less than 5 percent.

In the event that you require long - term medical care in old age that your health insurance policy won't pay for, such as nursing home costs or at - home care, a long term care rider on your whole life insurance policy will cover the costs.

Typically, these life insurance plans will offer coverage for up to 30 years, depending on how long the insured requires the coverage.

Although term life insurance isn't necessarily required insurance for young adults who are still living at home and have no family to look after, experts believe that responsible parties should take out a policy as soon as someone becomes dependent on them.

Check out or Top 10 Best No Exam Life Insurance Companies article for more on permanent cash value policies that don't require medical tests or blood work.

a) Your life insurance needs depend on how much income you want to provide for your beneficiaries and for how long, how much you require for funeral expenses, education funds, and to pay off outstanding debts.

On the other hand, if you want the best possible rate, a fully underwritten term life insurance policy will require you to submit to a physical exam.

The Pennsylvania State insurance code requires that all Pennsylvania Life Insurance companies allow a 30 - day grace period on late insurance code requires that all Pennsylvania Life Insurance companies allow a 30 - day grace period on late Insurance companies allow a 30 - day grace period on late payments.

Another delay was that the buyer had purchased home owners insurance on property required by his lender a year ago and they cancelled that policy considering they weren't living in the house and had to start a new policy.

Whether a homeowner needs flood insurance depends on the risk of a flood where they live, and whether the government or their mortgage lender requires it.

To drive in Canada, auto insurance is required by law from coast - to - coast - to - coast; however, the cost for coverage varies significantly depending on which province or territory you live in.

At a minimum, the small business owner will need to have a life insurance policy on the key man in an amount sufficient to cover the transition period that will be required in order to find a replacement for the departed salesman.

The Vermont State insurance code requires that all Vermont Life Insurance companies allow a 30 - day grace period on late insurance code requires that all Vermont Life Insurance companies allow a 30 - day grace period on late Insurance companies allow a 30 - day grace period on late payments.

Depending on your needs, like a mortgage or dependent child, you may require more than the maximum group life insurance coverage offered by your workplace plan.

Economics requires that policy loans, along with other factors in the economic environment, can have a negative impact on the dividend rates offered by a life insurance company.

When an insured is required to re-qualify for term life insurance at their then - current age, the quote at that time will typically be much higher than it was on the original policy.

Finally, life insurance companies are legally required to have reserve ratios; like an emergency fund, those reserves are cash on hand to cover their financial obligations.

As an example, a properly structured cash value whole life insurance policy that is purchased from a mutual company, is one that has tremendous liquidity, low cost (majority of the cost is buying lifelong level insurance — not to be compared to term), no tax on the growth of the account, tax free loans, tax free withdrawals (up to basis), tax free to survivors, no contribution limits, no required withdrawals, is free from creditors, and has minimum guarantees.

For example, the law that vehicles should be driven on the right side of the road, the speed limits in various areas generally 15 — 65 mph depending, requirements of insurance, requiring testing and licences, making drunk driving illegal, etc. (George Will had written an article a few years ago comparing possible AGW policy to a global 5 mph speed limit; sure there would be fewer traffic accidents but would the cost be too great (what about lives, health and wellbeing, and wealth benifits from higher - speed transport?)

The Circuit Court was also reversed on its ruling that husband was required to maintain wife as a beneficiary on his life insurance policy as without statutory support in Virginia Code Section 20 - 107.3 (G)(2).

While many arguments were raised in the courts below, Justice Brown focused the issue on what happens where a support payor dies with a life insurance policy who was required by court order to name a spousal or child support recipient as the irrevocable beneficiary of the policy.

(9) that the trial judge erred in failing to require the husband to list all three children on his health plan and life insurance policies;

Regulation We advise on a variety of interpretive issues, including writing opinions that certain life insurance company products are not required to be registered under the Securities Act and that certain life insurance company accounts are not required to be registered under the 1940 Act.

The decision, P.L.F.R. and Intact Insurance Company (Tribunal File # 16-000145 / AABS) is about an applicant who suffered serious life - threatening injuries in a multi-vehicle accident on October 2, 2015 that required her to be airlifted to a trauma centre for emergency surgery.

Anastasia became aware of the change to the designation and on November 20, 2013, obtained an Order requiring the insurance company to restore her as the sole beneficiary of Stephen's life insurance policy.

The pricing on the company's life insurance with no medical exam policy is very competitive with traditional fully underwritten «exam required» policies.

As the name suggests, there is no medical examination that is required by applicants for no medical exam life insurance coverage — and, there are also various no medical exam plans that will not ask for health information on the application.

Some no - exam policies require a phone or in - person interview, which may repeat many of the questions already answered on the life insurance application.

While most life insurance policies will require premiums to be paid on a monthly basis, there may be more options available.

Depending on the type of policy, many life insurance companies require a medical exam.

Depending on where you live in Connecticut, your mortgage lender may require you to have flood insurance.

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Figuring out if you require a life insurance rider will be contingent on your financial circumstances, health state, age, dependent's needs, and intentions to have coverage for a precise scenario.

Be careful about being drawn in to buy extra riders on your term life insurance as that can raise the costs significantly and you may not necessarily require these riders.

The insurance company will require you to complete a questionnaire on the life insurance application that will ask health - related questions.

Many insurers place restrictions on a final expense life insurance policy which require the insured to be at least 50 years of age and many policies are not available for buyers over 85 years or age.

The amount of life insurance required by a lender for a business loan will depend on the lender and the size of the business loan.

An existing life insurance policy can be used to satisfy the lenders requirements as long as the amount of death benefit on the policy is enough to cover the loan amount required.

And, in most cases, this type of life insurance coverage won't even require you to answer any medical related questions on the application at all.

Life insurance for seniors is a sensitive thing since most of these people are heading into the final stages of their lives and require these policies to ensure that their loved ones are well catered for even after they pass on.

Certain types of life insurance may require you have perfect health at the policy's issuance to ensure you're not trying to cash in on your imminent sickness or death.