Sentences with phrase «risk losing your life insurance policy»
Not exact matches
Another example would be a young widow with small children receiving a lump - sum settlement from her husband's life insurance policy and can not risk losing the principal; although growth would be nice, the need for cash in hand for living expenses is of primary importance.
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«More frequent job changes place policy holders at risk for losing their life insurance coverage.»
Borrowing from your life insurance policy requires cautious planning and monitoring of your loan balance and cash values or you might risk losing your policy.
Indexed universal life insurance is a great option for a 1035 exchange since there is no risk of your policy losing value due to a downturn in the stock market.
However, it is important to keep in mind that if you fail to make a timely payment, you risk having your policy cancelled and losing your life insurance coverage.
TIPS — A convertible policy may cover you past the age of 65, but you must take action prior to the cut - off age to convert it, or you risk losing the option of switching to permanent life insurance.
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Although there is a risk of losing all of the premiums that you allocate to the investment funds (and therefore your cash value), most variable life insurance plans do guarantee a minimum death benefit as a form of security for your life insurance policy.
A word of caution: if you continue to make less than the monthly premium on an ongoing and long time basis, then you do risk losing your universal life insurance policy.
With an electronic form of your life insurance policy, there is no risk of losing the physical copy and it becomes easier for you or your nominees to track the details of your policies.
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