Sentences with phrase «situation has a life insurance policy»

Not exact matches

While term life insurance doesn't accrue a cash value over time, meaning you can't borrow against it, a term policy has a low cost by comparison and is still customizable to an individual's situation.

To avert such a situation, it is wise to buy a home loan insurance just like you must have taken a life insurance policy to keep your family protected.

I know of a situation where a life insurance policy lists two people... one as Primary (check boxed) and one as secondary (checked boxed) but in the «primary» column it has 50 % and 50 % on the line by both person's names and mentions somewhere that if the Primary dies then the secondary would get 100 %.

Because planning for life's uncertainties will help secure a financial future for those you love, the NAIC suggests you review your insurance needs to help ensure you have the right policy for your financial situation and your family composition.

Remember, every situation is unique, but if you are considering switching your mortgage insurance to a life insurance policy due to the reasons mentioned above, feel free to complete the free, no - obligation quote below and find out if you can save money and have more flexible benefits.

Enter the life insurance policy... a policy would be purchased that would provide a death benefit large enough to allow the remaining family to continue with their lives with as minimal disruption as possible to their living situation.

We often recommend term life insurance as policies can be customized to nearly any situation and often have the lowest rates for coverage.

The situation: My mother bought a life insurance policy and has been paying the premiums using after - tax dollars.

In this situation, consider having your children own the life insurance policy, because, if the parent (s) become institutionalized, the cash value of this policy will be includable in their assets and may have to be withdrawn, or the policy surrendered in order to pay for long - term care expenses.

Some of your life situations or your properties may have changed since the last time you looked over your insurance policies.

Most of the situations where a policyowner would consider selling a life insurance policy will fall into one of the three following categories: (1) the insured can no longer afford the cost of life insurance.

Well, we really won't know till we've had an opportunity to learn more about your specific situation and hear exactly what it is you're trying to achieve by buying a life insurance policy.

If you have received significant dividends on the life insurance policy, it is best to consult with the insurance agent to get a full view of your tax situation in case you decide to cash out the policy.

Now it's easy to see how not being covered for «natural» causes of death would be a HUGE disadvantage, but when considered in light with the fact that these policies will generally provide coverage up to $ 500,000 dollar for accidental causes of death, and are typically quite affordable when compared to traditional term or whole life insurance policies, in many situations, they may be a worthwhile policy to consider.

There was not one situation where their arthritis had any impact whatsoever on their final expense life insurance policy.

One of the most frustrating situations a person can find themselves in is trying to determine whether or not a deceased family member had a life insurance policy.

If your health situation is one that does not allow you to get a traditional life insurance policy, because you may have recently had cancer or a heart attack or some kind of major health issue that does not allow you to get a traditional policy, then you may want to look into something called a graded death benefit policy.

Likewise, if you are someone who is fearful of needles and who would prefer not to undergo the blood draw and other parts of the medical exam that is required for traditional life insurance coverage, then a final expense insurance policy can allow you to get life insurance coverage, yet without going through an uncomfortable situation.

In most situations, you could have bought a 30 year $ 300,000 level term life insurance policy for the same amount of premium.

You have a couple of different questions so we'll do the best that we can, we'll also keep our answer very «general» since we don't know exactly what your situation is or what type of term life insurance policy that you purchased.

If you have a universal life insurance policy, you most likely have the flexibility to use the cash portion of the policy to pay the premium until your financial situation improves.

Your only option in this situation would be to take out a guaranteed issue life insurance policy.

We don't know your particular situation, but we can give you a general idea of how much you would pay for a term plan versus how much you would pay for a whole life insurance policy.

The easiest route to take in this situation would be for your mother to just update her current life insurance policy and add you as a beneficiary.

However, this is usually the situation when we lose a spouse that has thought enough of us to get a life insurance quote and b u y a life insurance policy, or an accidental death policy.

This means that comparison shopping for term life insurance policies is crucial if you'd like to find the right coverage for your situation.

In fact, there are certain life situations that you may not have considered when it comes to securing a life insurance policy.

The most common situation where you would have a policy owner is for children's life insurance.

If you have been to prison but still want to find the most affordable life insurance policy for your situation, then don't hesitate to call TermLife2Go.

You'll be leaving them in a poor financial situation if something were to happen to you and you don't have a life insurance policy in place.

Policies eligible for this kind of reduced rate often involve homeowner's insurance, renter's insurance, health insurance, and / or life insurance, but you will have to discuss the situation with your individual automobile insurance company to be sure.

With this law, all situations where an employer will have full or partial ownership of a life insurance policy that is issued after August 17, 2006, regardless of the purpose of the policy, will need to meet certain requirements and follow specific guidelines to avoid potential taxation.

Although the traditional version of universal life insurance was a popular and safe option a couple of decades ago, as the financial situation of the past two decades has seen periods of instability, the advantages of the traditional universal life policy have diminished and become more risky.

To really get the best life insurance policy for your situation, you'd really need to have extensive knowledge of the life insurance industry and the other players in the market.

The guaranteed issue life insurance policy is a good option for people looking for life insurance who have been in the following situations:

Or you have a mortgage and you want to be covered while the mortgage is paid off, either way, term life insurance policies works best for those situations.

In these situations it may be necessary to have a financial planner re-evaluate someone's portfolio including their life insurance policy, to make sure everything meets the goals of the client.

If you are curious as to what an indexed universal life insurance policy would look like for your personal situation, give us a call at 1-800-712-8519 or click on the receive a proposal button on this page.

I'll show you how Han's situation could have played out differently had he had a term life insurance policy.

You've figured out how much life insurance you need, how many years you need it, how much you can spend and what type of policy best fits your situation.

Naturally, life insurance rates for new policies generally increase as you age, but you may also qualify for more favorable prices if your health situation or lifestyle has improved or if you are significantly increasing the amount of coverage.

Use the life insurance calculator to determine a realistic estimate of the policy you should have for your situation.

Based on your individual financial situation, there may be other factors you would like to consider in taking out a term life insurance policy.

Based on this law, all situations where an employer will have full or partial ownership of a life insurance policy issued after August 17, 2006, regardless of the purpose of the policy, will need to meet certain requirements and follow specific guidelines to avoid potential taxation.

No legal limit exists on how many life insurance policies you can have, but companies might want to know your goals and financial situation, such as your income and assets.

By being well - prepared and having a solid understanding of what you need in your policy, you will end up with a Florida renters insurance policy that protects you better in your specific living situation.

This whole situation has generated great demand for final expense life insurance policies.

You should discuss your situation with an insurance agent to see which plan fits best for you, however the most protection you can have is through acquiring both a life insurance plan and an AD&D policy together.

Every situation is different, but usually, you wouldn't want to drop your life insurance, especially when disabled, since it is likely that whatever is keeping you from working will prevent you from purchasing another policy in the near term.

It is a very difficult situation to see someone buy a 20 year term policy at age 35, develop a heart condition at age 45, then have to make a decision as to what to do about the life insurance policy when he reaches age 55 (the term of the policy).