Sentences with phrase «same health rating»

Alternatively, should you get to the end of your term and require only a few more years of coverage, you can renew for a 5 - year term at the same health rating.

This means you would qualify for the same health rating you got at the inception of the policy.

You may qualify for the same health rating as a non-smoker and enjoy the same cost savings they do.

Alternatively, should you get to the end of your term and require only a few more years of coverage, you can renew for a 5 - year term at the same health rating.

The reason for this is that if you have a pre-existing condition such as diabetes, depression, previous heart condition, etc, etc... chances are, you're not going to qualify for a simplified issue life insurance policy, at least not at the same health rate class as you would receive had you taken an exam.

And you will not be able to find life insurance at a discount from what someone else is paying to the same company at the same health rate class.

This means you will get the same health rating, without going through underwriting again.

This means that the same health rating you qualified for in the beginning of the term, you can now get when you choose to convert the policy to a permanent one, regardless of current health.

A life insurance conversion allows the insured to transition some or all of a term insurance policy into a permanent policy at the same health rating assigned at the time the original policy was issued.

The upside is, even if you've attained a serious illness, you will maintain the same health rating from the inception of the policy.

Even though you get the same health rating your rates will adjust to your new age, every year.

In fact, you will be able to renew at the same health rating you qualified for at the beginning of the term.

The second reason the reinstatement period is very important is that even with the same health rating, a new life insurance policy will always be more expensive than an old policy, because the insured person has aged.

The additional coverage provided by some disability riders, and the option to purchase additional life insurance at the same health rating as the original policy provided by the guaranteed insurability rider has significantly improved policy owners peace of mind and quality of life.

The whole life policy has the same health rating as the original term policy.

When you convert, the insurance company will likely give you the same health rating as the term life policy — even if you had that medical exam years ago.

A medical exam isn't required to convert, and you would get the same health rating as when you originally bought the policy, even if your health has deteriorated.

With few exceptions, most term life insurance contractually offers the ability for the owner of the policy to convert his / her policy into a «permanent» policy at the same health rating of their current policy without evidence of insurability.

One of the benefits of converting to a permanent policy is that you are not required to undergo a medical examination and you get the same health rating you got when you bought the original term policy.

Did you know that there's very little difference between a 40 year old woman looking to buy $ 500K in coverage for 30 years ($ 51.00 per month) and a 42 year old woman with the same health rating looking for similar coverage ($ 59.00 per month)?

In other words, you could get the same health rating on your permanent policy even your health is no longer as good as it used to be.