Sentences with phrase «smaller death benefit policies»

Tobacco use is usually not factored in these smaller death benefit policies, so if you're a smoker this is a bonus.

Additionally, smaller death benefit policies can be purchased in a «guaranteed» life insurance policy.

Not exact matches

Buying paid - up additions is similar to buying a small single - premium life insurance policy as you increase the policy's cash value and death benefit but don't have ongoing payments.

Buying paid - up additions is similar to buying a small single - premium life insurance policy as you increase the policy's cash value and death benefit but don't have ongoing payments.

Death benefits are usually smaller than traditional life insurance policies.

Alternatively, you can always get a smaller universal or whole life policy and add a supplemental term life rider to maximize your death benefit, but also begin growing your cash value.

Even if it is a smaller burial policy instead of the full blown large death benefit.

The only restrictions to Northwestern Mutual's life insurance policies are that they aren't available with small death benefits (the minimum is $ 25,000) and the company doesn't offer policies with limited underwriting.

Most insurers only offer decreasing term insurance policies, in which the death benefit becomes smaller over time, because financial obligations tend to decrease with age.

The Easy Pay Solutions policy has a small maximum death benefit, but will be less expensive because Transamerica is able to reduce its risk when you accept a limited payout for the first 2 years of coverage.

The Trendsetter Super Series includes the option for an accelerated death benefit if you have over $ 50,000 in coverage, but you can add this feature as a rider for smaller policies.

With this policy, you can only accelerate death benefits if you get a terminal illness and the amount is limited to $ 250,000 or 75 % of your death benefit (whichever is smaller).

Although the face value (death benefit) is typically smaller than that of a traditional life insurance policy, so are the premiums.

«I often come across people who may prefer the long - term security of a permanent life policy, but they need a bigger death benefit than they can afford,» he said, noting that term life coverage, which offers a bigger benefit for smaller premiums, is generally the better bet in that case.

Although the largest policy in the portfolio (by face value) matured during the period, a large proportion of the total death benefit remains linked to a relatively small proportion of lives.

Some people decide to purchase a term policy with a high death benefit, to cover immediate needs, and a smaller permanent policy to provide future coverage and asset growth.

A GUL policy is an attractive option for anyone who wants the following: (1) an easy to understand policy, that (2) provides lifetime coverage, that (3) focuses primarily on the death benefit, with (4) non-existent or small cash value growth.

Both the healthy and infirm have a decreasing amount of time remaining, and the less healthy an older relative is, the smaller the death benefit you'll receive for a policy of a similar premium size.

If, like most people, you are buying life insurance for the leverage (small premium / large death benefit), you may prefer not having to worry about the policy staying in force.

While pays the full death benefit from the beginning of the policy, the latter will pay a smaller benefit if you happen to die within the first two years (other than accidental death).

These life insurance policies are focused on burial insurance and have a smaller death benefit than some other life insurance policies.

Most policies sold through employer group plans generally only offer much smaller amounts for death benefits.

Guaranteed issue whole life insurance with a 2 year graded death benefit limitation — If you die in the first two years the policy will return your premium plus a small percentage on top of the premium you paid.

Just like the accelerated death benefit, this option will also utilize your death benefit if you require long - term care which is a small downfall since a stand - alone plan wouldn't influence your policy at all.

Regardless of the type of policy, one with a bigger death benefit is more expensive than one with a smaller benefit.

And some plans will offer a small residual death benefit even if the entire policy has been liquidated for long term care expenses.

Comparable in construction to other whole life policies, expect a level premium, a guaranteed minimum death benefit and a small cash component.

While these aren't for the vast majority of younger crowds, they are a simpler, cost effective way for seniors to buy a life insurance policy with a smaller death benefit to pay for basic funeral and funeral related costs.

Because the death benefit is typically small on these types of policies, premiums can often be very affordable and may be a great option if you are unable to afford a larger premium but would like to preplan for your final expenses.

Although the face value (death benefit) is typically smaller than that of a traditional life insurance policy, so are the premiums.

For a small fee, you'll be able to expand your own life insurance policy so that it provides a small death benefit in the event that one of your children passes away.

While no kid needs a million dollar life insurance policy, a small death benefit of a few thousand dollars can make a huge difference.

Buying paid - up additions is similar to buying a small single - premium life insurance policy as you increase the policy's cash value and death benefit but don't have ongoing payments.

All guaranteed acceptance policies have a small maximum death benefit and waiting period, making Gerber's coverage fairly standard.

Oftentimes the accelerated death benefit is automatically included on certain types of life insurance policies for free or for just a small amount of additional premium payment.

Final expense insurance definition: a small whole life insurance policy ranging from $ 5,000 to $ 25,000 where the primary purpose of the lump sum death benefit payout is to cover burial expenses, such as a grave marker and cemetery plot, and other final expenses, such as any outstanding debts that are not forgivable upon death.

Even if it is a smaller burial policy instead of the full blown large death benefit.

Although policies with lower death benefits tend to be cheaper, these smaller amounts generally aren't enough to support a family beyond even one year.

If a non-accidental death occurs prior to that two - year time frame, the policy will only pay a return of the paid premiums plus a small percentage of the total death benefit.

Universal life insurance policies and death benefit amounts over $ 100,000 are the most desirable, although term life and smaller policies can also be sold, LISA says.

For the general population, exam - dependent life insurance policies are more straightforward and cost - effective than no - exam plans, which demand higher premiums and offer smaller death benefits.

In order to be eligible to exercise this rider, the insured must be at least 75 years old, the policy must have been in - force for at least 15 years, the Death Benefit Option must be Option A Level, the policy must be in corridor, and the outstanding loan balance must be the smaller of 93 % of the policy value after monthly deductions or (100 % minus the OLPR charge percentage) of the policy value after monthly deductions.

Some policies guarantee a small percentage of the full death benefit, such as 10 %, even if you use all the money allocated for long - term care.

The death benefits offered are relatively small, and the costs per $ 1,000 of coverage are higher than for policies that require a medical exam.

The Easy Pay Solutions policy has a small maximum death benefit, but will be less expensive because Transamerica is able to reduce its risk when you accept a limited payout for the first 2 years of coverage.

Term policy payments do contain smaller agent commissions, but they ultimately make no difference to you as your estate will reap the benefits of your policy regardless of when your death occurs.

If you're looking for a burial policy, these may be purchased in small death benefit amounts.

As you just read, a guaranteed issue life insurance policy comes in small amounts that range from $ 5,000 - $ 25,000 the death benefit or face value ranges depending on the life insurance company of your choosing.

With this policy, you can only accelerate death benefits if you get a terminal illness and the amount is limited to $ 250,000 or 75 % of your death benefit (whichever is smaller).

Optional policy riders at a small cost include; Accidental Death Benefit, Accelerated Living Benefit Rider, Children's Insurance Agreement Rider, Total Disability Benefit Rider, Waiver of Premium Rider, and Waiver of Premium for Unemployment Rider.