Sentences with phrase «rider on a life insurance policy»

Thanks to the acceleration of death benefit rider on his life insurance policy, however, Richard was able to get money to cover his huge medical expenses, allowing his wife and family to say goodbye without the specter of debt hanging over their heads.

Luckily, she paid for a critical illness rider on her life insurance policy, which gave her enough money to cover her hospital bills and buy a new bike.

It's like a long - term disability insurance policy, but instead of just buying a separate long - term disability policy, it's a rider on your life insurance policy.

Luckily, the long - term care rider on her life insurance policy provides the money to pay for her care, allowing her family to focus on providing for Nikki's emotional needs, not her economic ones.

In order to cancel the rider on a life insurance policy, the policy owner typically only has to notify the..

This kind of insurance can be purchased as a rider on a life insurance policy, often to increase the death benefit, or as a standalone policy.

In order to cancel the rider on a life insurance policy, the policy owner typically only has to notify the insurance company that he or she no longer wishes to have this additional coverage on the policy and to remove the rider from the policy.

Thanks to the acceleration of death benefit rider on his life insurance policy, however, Richard was able to get money to cover his huge medical expenses, allowing his wife and family to say goodbye without the specter of debt hanging over their heads.

It can be purchased as a standalone product, or as a rider on a life insurance policy that triggers when a chronic illness leaves someone unable to care for themselves.

It's like a long - term disability insurance policy, but instead of just buying a separate long - term disability policy, it's a rider on your life insurance policy.

Luckily, she paid for a critical illness rider on her life insurance policy, which gave her enough money to cover her hospital bills and buy a new bike.

If you can't afford or qualify for a standalone LTD policy, a disability income rider on your life insurance policy is the next best thing.

Does it make sense to pay an additional cost for a waiver of premium rider on a life insurance policy?

The rider on a life insurance policy is purchased separately from the policy and it will provide additional benefits, typically at an additional premium cost.

One other factor to consider are disability riders on life insurance policies.

Terminal illness riders and critical illness riders on life insurance policies release a sizable chunk of the policy's death benefit to the policyholder while he / she is still alive, allowing the usage of the death benefit funds on valid diagnosis of one of the critical or terminal illnesses stated in the policy.

Triple indemnity is a payment rider on some life insurance policies.

A rider on a Life Insurance policy providing that, in the event of death of the insured within a specified period of time, the policy will pay, in addition to the face amount, an amount equal to the sum of all premiums paid to date.

This type of rider on life insurance policies is especially important for people with a high risk occupation, where your job puts you at a greater risk of disability.

With a waiver of premium rider on your life insurance policy the coverage does not start right away after you become ill or injured.

A rider on a life insurance policy that will pay an amount equal to the sum of all premiums paid in addition to the face amount owed in the event of a death of the insured within a specified allotted time period.

This can usually be purchased as a rider on any life insurance policy.

Unlike traditional LTCI, riders on life insurance policies have limitations that include no cost of living adjustment or tax deductions for premiums paid by individuals or employers.

First, you'll want to understand what is a rider on a life insurance policy.

Accidental death insurance may be purchased at work, as a stand - alone product or as a rider on a life insurance policy.

(See also: How Long Term Care Riders on Life Insurance Policies Work.)

Accident life insurance is usually purchased by using a rider on your life insurance policy.

Not exact matches

Most term life insurance policies automatically come with some free add - ons called riders.

Riders are policy add - ons and can be used to adjust the term of a life insurance policies.

Life insurance is applicable to individuals and families in a wide range of financial situations because it refers to a group of several different products, each of which can be customized with riders (basically, add - ons to the policy).

How it works: Wellness for Life ® is a rider available on most new permanent life insurance policies, regardless of your current health or weiLife ® is a rider available on most new permanent life insurance policies, regardless of your current health or weilife insurance policies, regardless of your current health or weight.

That said, if you do want this sort of coverage for your children, you might do better by buying a child rider on your own life insurance policy.

If you're wondering what life insurance companies offer return of premium policies and riders, be sure to check out our company reviews for the lowdown on all of the policies you can find on PolicyGenius, or talk to one of our licensed experts today.

When selecting a life insurance policy, many people focus on evaluating costs and the availability of various riders, among other policy features.

The cost to add on a child rider to your policy varies between the different life insurance companies, but it tends to be a nominal fee.

In addition, on certain policies with specific life insurance companies, the WOP rider will also waive premiums due on the supplemental life insurance riders, guaranteed insurability riders and renewable term riders.

The guaranteed insurability rider should be on every life insurance policy and is very affordable.

The return of premium rider, available for return of premium life insurance policies, and also on certain long - term care policies, disability insurance, etc., will return all of your premiums paid over the life of your policy should the term come to an end or should you wish to surrender the policy.

This approach uses life insurance and the different life insurance riders available to maximize your policy, based on your unique goals, needs and objectives.

This rider is also known as paid - up additional insurance and is available on participating whole life insurance policies.

In the following American United Life review we will focus on the company's history, strong ratings, life insurance policies, and the policy riders offered so that you can make an informed decision on who the best life insurance company is — based on your unique need, goals and objectiLife review we will focus on the company's history, strong ratings, life insurance policies, and the policy riders offered so that you can make an informed decision on who the best life insurance company is — based on your unique need, goals and objectilife insurance policies, and the policy riders offered so that you can make an informed decision on who the best life insurance company is — based on your unique need, goals and objectilife insurance company is — based on your unique need, goals and objectives.

We included examples of «legalese» from real life insurance policies, but this doesn't mean that this is how the rider will be defined on your policy.

® Wellness for Life ® is a rider on a permanent life insurance policy that gives you a discount on your insurance costs if you visit the doctor at least every other yLife ® is a rider on a permanent life insurance policy that gives you a discount on your insurance costs if you visit the doctor at least every other ylife insurance policy that gives you a discount on your insurance costs if you visit the doctor at least every other year.

The following life insurance riders from American General are not available on all types of policies.

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.

New York Life offers a Chronic Care rider on its whole life insurance policLife offers a Chronic Care rider on its whole life insurance policlife insurance policies.

Since each insurer has a different set of riders available per life insurance policy, you'll want to check that they offer family life insurance on the policy you choose.

These riders are regularly available on term and whole life insurance policies, so you shouldn't be restricted from purchasing the coverage of your choice.

Life insurance riders are policy add - ons offered by insurers to let you adjust your coverage or edit standard features of a policy.

Depending on how you structure your policy, including different life insurance riders, will determine the living benefits you can access.