Sentences with phrase «rider on your term life insurance policy»

You have two options: a child whole life insurance policy or a child rider on your term life insurance policy.

Return of premium rider: This is a rider on a term life insurance policy.

And, if you have a conversion rider on your term life insurance policy, you can convert it to a permanent life insurance policy sans medical exam.

If a disability income rider on a term life insurance policy is traditional disability insurance's little brother, then chronic illness riders are long - term care riders» fraternal twin; they are cut from the same cloth but still very different.

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.

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 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.

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.

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.

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.

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.

Convertible term life insurance is simply a term life insurance policy with a term conversion rider added on.

In many cases, this return of premium option is a rider on your traditional term life insurance policy.

Many of the best term life insurance policies offer options called riders, which can be added on to your existing policy or be purchased separately (depending on the rider type).

The long - term care rider is the most complicated rider to price out because it's basically like another insurance product on top of your life insurance policy.

Depending on the long term care rider plan you choose, LTC riders attached to a life insurance policy can pay for care in a nursing home, an assisted - living facility, or care at home.

With the waiver of premium rider, the premium payments on the term life insurance policy would be waived if the insured were to become totally disabled — as defined in this rider.

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

For the level term life insurance, rates are quoted based on a 10 - year guaranteed level term policy with both preferred best and preferred nonsmoker health classes with no policy riders included.

Technically, riders are add - ons to life insurance policies that alter the coverage or terms.

For a custom term life insurance quote or if you have questions on the availability of policy riders, call MEG Financial today at [phone].

Most term life insurance policies have the option to add on a child rider.

And if you're a parent looking to buy a life insurance policy on your children, a children's term rider allows you to add term life insurance coverage on all your children - natural, adopted, and stepchildren.

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.

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.

The living benefit rider plays a prominent role on return of premium of term life insurance policies.

(As another aside, these two riders are good ones to include on your policy when you shop for term life insurance.

Buying a separate term life insurance policy for your spouse is usually the wiser choice, but the alternative is including him or her as a rider on your own policy — as long as you make sure you know exactly what the rider is adding.

This can either be sold as a return of premium policy or as a rider on a traditional term life insurance policy.

With the return of premium rider, you pay higher premiums for the opportunity to get all of your money back if you live past the term on your life insurance policy.

Children's term rider (or children's insurance benefit)- An optional policy rider that provides level term insurance on children or the lives of the primary insured.

These riders take your term life insurance policy up a notch and give you additional benefits on top of your life insurance.

While some companies offer a dedicated Return of Premium life insurance policy, others will include it as part of the company's life insurance riders on a regular level term policy.

Like a term life insurance policy a GUL also comes with riders, also known as add on's.

Typically, as part of a term life policy, or a permanent life insurance policy, you can get accidental death benefit rider on top of your policy.

In this article we look at the 5 strongest child's life insurance riders on term policies.

This rider is not available on their term life insurance policy, however it is available on North American's Universal Life Insurance coverlife insurance policy, however it is available on North American's Universal Life Insurance insurance policy, however it is available on North American's Universal Life Insurance coverLife Insurance Insurance coverage.

There are also several different policy riders and endorsements that are available that can be added on to this term life insurance policy that can help in customizing the coverage to better fit an individual's specific needs.

And if the insurer should live past the term of the life insurance policy, he can get his money spent on coverage back with a return of premium rider.

Return of Premium rider is a valuable add - on to a term life insurance policy.

If you already have a term life insurance AD&D this insurance policy can be added on top as a low - cost addition / endorsement / rider and pays out twice the face value of the death benefit to your beneficiaries.

This is the main reason that any life insurance agent worth their salt will recommend you look at term life insurance as the main part of your insurance coverage with cancer insurance just being a rider or extra coverage on top of your policy.

The product, called VantisTerm ROPSM, incorporates a return of premium rider on the company's traditional level term life insurance policy.

Available on a few life insurance policies, this is one of the disability riders for term insurance that will pay the policy owner a monthly income should whoever is insured under the rider be unable to work due to sickness or injury.

• Receive Cash — Generally payable annually in the form of a check on the anniversary date of the policy • Use Towards Premiums — Instead of taking the dividends as cash, you can apply the money towards your policy premiums • Let Dividends Accumulate — Means that you accumulate your dividends as interest and can withdraw anytime but will be required to pay taxes on any interest accrued • Buy Paid - Up Options — Means that you can use the dividends to buy additional life insurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separinsurance of the kind you already have in place • Buy Additional Insurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separInsurance — You can use the dividends to buy a 1 year term life insurance policy which would be provided as a separinsurance policy which would be provided as a separate rider

Aside from guaranteed issue life insurance policies, a rider on permanent products from traditional carriers is perhaps the only other place where coverage may be described in unit terms.

Products — Columbian has a wide selection of life insurance products including their popular final expense policy that allows for a rider of level term insurance on the insured's children, grandchildren or great grandchildren.

The policy type may vary too — depending on the insurer, these riders may only be available to add to term or whole life insurance policies.

There are also various riders that may be chosen on the Transamerica Express term life insurance policies.