Sentences with phrase «series of term life policies»
Buying a series of term life policies at once could cause problems if you don't know what financial obligations you'll have in the future.
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Thus, term insurance may actually cost you more if you want long - term coverage, since you will need to purchase a series of increasingly expensive policies to maintain coverage throughout your life.
A term life policy can be bought for a series of 10, 20 or even 30 years.
Banner's OPTerm series also allows you can convert your term life insurance insurance policy to permanent insurance with no evidence of insurability.
Many term life policies require you to pass a medical exam and answer a series of medical questions.
There are two term - life insurance policy types available through Transamerica; Trendsetter Super Series (up to $ 1,000,000 in coverage with a guaranteed premium that is convertible to a whole life policy at the end of the term); and the Trendsetter LB (up to $ 1,000,000 with living benefits option to receive an accelerated death benefit with a qualifying illness while you are still alive).
ADDvantage plans are issued on policy form series LS174, Accelerated Death Benefit Endorsement is issued on form series LR474, Children's Term Insurance Rider is issued on form series LR456, Waiver of Term Premium for Disability Rider is issued on form series LR472; or state variations by North American Company for Life and Health Insurance, Administrative Office, Sioux Falls, SD 57193.
The LB Series term life insurance also offers policy durations of 10, 15, 20, 25, and 30 years.
As with the Express Series, the Super Series term life policies from Transamerica also offer the Income Protection endorsement, as well as the Waiver of Premium, the Accident Indemnity, and the Children's Insurance Riders.
Simplified term life policies do not require you to pass a medical exam, but you may have to answer a series of questions about your health, medical history and personal lifestyle choices.
This is why we'll the want to turn our attention to a fully underwritten term or whole life insurance policy which will require one to complete a medical exam and answer a series of health and lifestyle questions in order to be able to qualify for coverage.