Sentences with phrase «since life insurance death benefit»

It is worth mentioning here that a common misconception about life insurance is that since life insurance death benefit proceeds are income tax free, they are 100 % tax free.

Not exact matches

These insurance policies are less pricey than traditional life insurance, since they pay benefits only after the death of both husband and wife.

However, the death benefit and cash value can continue to grow with participating policies since the dividend can be applied to purchase additional paid - up life insurance coverage.

On the other hand, as long as premiums are paid, a permanent life insurance policy will always pay out a death benefit since it never expires.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

Since life insurance only pays out a death benefit when there is a death, the only way to cash in early is to use the life insurance as a savings vehicle.

It is so basic it should probably be called «death insurance» rather than life insurance, since your primary benefit is that it will pay out a death benefit to your beneficiary.

Since the insurance company must make a profit, and since they know they will always pay out on a whole life policy, whole life tends to be very expensive, and has lower «death» benefits than a term poSince the insurance company must make a profit, and since they know they will always pay out on a whole life policy, whole life tends to be very expensive, and has lower «death» benefits than a term posince they know they will always pay out on a whole life policy, whole life tends to be very expensive, and has lower «death» benefits than a term policy.

Since most policies expire without paying a death benefit, life insurance companies can sell these at a low price.

A graded death benefit is used to protect the carrier when insuring severely ill applicants since these policies are typically life insurance with no medical exam and no health questions.

Since the goal is to make sure you can pass money along through a life insurance death benefit to your family when you pass away, you would want a policy that would for sure be in force no matter how long you live.

It is the cheapest form of life insurance since it only pays the death benefit if the insured person dies during the specified term period.

Since life insurance is income replacement, this is also how much he would like the death benefit to replace.

Since the death benefit on term life insurance is paid on less than 1 % of policies, there is relatively low risk to insurers.

I will cover appropriate amounts of death benefit coverage you should have at another time, since this post focuses on the cash value benefit of life insurance, which you don't have to die to use.

This handy rider gives you the power to increase the size of the death benefit on your current policy without having to undergo a new medical exam, which is great if you're over 35 or have developed new health issues since you last bought life insurance.

That may sound a little odd at first; since no one lives forever, as long as a life insurance policy is enforced, the company will eventually have to pay out the death benefit.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

Since most AD&D payments usually mirror the face value of the original life insurance policy, the beneficiary receives a benefit twice the amount of the life insurance policy's face value upon the accidental death of the insured.

Since it is for a temporary amount of time, and it pays only a set death benefit, term life is the least expensive type of insurance to buy.

With term life insurance there is less risk since the insurance company will not necessarily pay out a death benefit during the shorter policy period.

If you are a business owner and want to buy a life insurance policy on the key employee which will provide a death benefit until that employees retirement then Return of Premium Term might be a great option since you will just get all your money back if the loss of life didn't occur and your valuable employee retires.

Since these types of policies typically are sold to older individuals with no underwriting, this type of caveat inside a life insurance policy helps protect the insurance company from having to pay out benefits on a claim where the death was due to natural causes that otherwise would have been detected through a traditional fully underwritten policy with a medical exam.

Premiums for graded benefit life insurance policies are generally higher than those for standard life insurance policies since the policyholder presents greater risk of a death claim to the insurance company.

If you pass that money along to your children, a whole life insurance death benefit would be nice to have since that money passes income tax free.

Since you are buying life insurance that may one day pay out a death benefit to your beneficiary it is important to choose a company with a strong rating.

Since life insurance is something you pay for every year, you want to find the highest death benefit at the lowest rates in order to save money year after year.

Since your premium is based upon the joint life expectancy of both insureds — like you and your spouse — survivorship life insurance is usually less expensive per thousand dollars of death benefits than traditional universal life insurance.

Life insurance provides no direct benefit to the policyholder, since it is only paid out upon the death of the policyholder.

But in most cases, term life insurance policies don't pay out death benefits since people tend to outlive their term life policies.

Of course, since it is a life insurance plans, you will get a «sum insured» value of Rs 25 lakh and death benefits of around Rs 50 lakh.

Since the mortality rate for whole life policyholders is higher than other types of life insurance, and the death benefit and periodic premiums are guaranteed, the premiums for whole life insurance are much higher than term insurance.

Since final expense insurance is typically purchased with a lower death benefit than normal life insurance, most people find the monthly premium very affordable, and the policy can build cash value over time, which the insured can access at some point in time.

And since females typically live longer, and life insurance companies don't have to pay out death benefit claims as quickly as they normally do with males, then the average whole life insurance cost are lower for females.

Since term life insurance has no savings vehicle, it can't be used as a source for money without seriously decreasing its death benefit.

Permanent life insurance policies have higher premiums since payment of the death benefit is guaranteed at some point.

Since a senior life insurance policy is a form of whole life insurance, you'll get many of the same benefits of a whole life policy: the policy lasts your entire life and builds cash value tax - free, you can borrow against that cash value for any reason and the death benefit is paid out tax - free to your beneficiaries.

Since those who have a whole life insurance policy will never need to re-qualify for their coverage (provided that they keep their coverage in force by paying the premium), then they can always count on having a set amount of death benefit available to their beneficiary.

Otherwise known as «pure» life insurance, it should really be called «death» insurance, since the primary benefit is to provide for your beneficiary when you die.

Since most policies expire without paying a death benefit, life insurance companies can sell these at a low price.

Filing a life insurance claim for a death benefit may make an individual ineligible for Medicaid since it only covers those without other financial resources.

Whole life insurance policies can also benefit retirees since they provide a fixed premium, allow the insured to borrow against the accrued cash value, and provide a guaranteed death benefit to the insured's beneficiary.

Since a survivorship life insurance policy does not pay out a death benefit to a surviving spouse and rather saves the benefit to pay to the heirs, this money can usually be used to help offset some, if not all, of the estate taxes that will be due.

Limitation in life insurance policies to the effect that no Death Benefits will be paid if the life insured commits suicide during one year since inception or revival of the policy.

Since universal life insurance builds cash value, there are a couple of options for death benefits.

Since the death benefit on mortgage protection life insurance becomes less over time, this offsets the extra risk from the policyholder getting older.

In many respects Universal Life has many of the features of both Whole Life and Term Life insurance, since as with Term Life, you can also vary the premium payments and death benefit amount from year to year.

Since the death benefit can decrease so much, you may be wondering just what the real benefits are of Protective Term Life insurance.

Since there are not any qualifying questions, most guarantee issue life insurance policies have a two - year waiting period or what is known as a graded death benefit.

It's always worth exploring a traditional term policy since you may be able to obtain a higher death benefit and more affordable premiums per dollar of coverage, compared to other types of life insurance listed below.