Sentences with phrase «specific life insurance types»

Permanent life insurance is an umbrella term that covers several different, more specific life insurance types.

Not exact matches

A term life insurance policy is simply a type of life insurance that lasts for a specific period of time called a term.
However, in life insurance lingo, that's actually the technical name for a specific type of permanent insurance policy.
There are over a dozen subsector Dow indexes available within the financial sector, with focuses ranging from credit card companies and major mortgage lenders to specific insurance areas (such as auto insurance or life insurance) and a variety of categories for different types and sizes of banks.
Each type of life insurance offers different features designed for specific needs.
Two specific types of permanent insurance — participating whole life and universal life — allows you take full advantage of tax - sheltered investing by overfunding it.
Term insurance is typically the most affordable type of life insurance because it covers a specific period of time instead of providing «whole life» insurance.
The type of life insurance you have — term or permanent, and which specific type of permanent insurance — will largely affect the cost of the policy.
Term life insurance, also referred to as term insurance, is a type of life insurance that gives you coverage during a specific period of time called a term.
Condo insurance is a very specific type of homeowners insurance that is designed specifically to meet the unique needs of those who live in cooperative living arrangements, such as condo and townhouse owners.
Whole life provides some specific guarantees that are only found in this particular type of life insurance product.
For example, Dividend Paying Whole Life Insurance, Indexed Universal Life Insurance, and Variable Universal Life Insurance, refer to specific types of permanent life insuraLife Insurance, Indexed Universal Life Insurance, and Variable Universal Life Insurance, refer to specific types of permanent life iInsurance, Indexed Universal Life Insurance, and Variable Universal Life Insurance, refer to specific types of permanent life insuraLife Insurance, and Variable Universal Life Insurance, refer to specific types of permanent life iInsurance, and Variable Universal Life Insurance, refer to specific types of permanent life insuraLife Insurance, refer to specific types of permanent life iInsurance, refer to specific types of permanent life insuralife insuranceinsurance.
No exam life insurance does not refer to a specific type of coverage but to the underwriting requirements of the policy.
What may be sufficient to cover the tax liability today may not be enough down the road, which is why a specific type of permanent life insurance with an increasing death benefit is necessary.
However, in life insurance lingo, that's actually the technical name for a specific type of permanent insurance policy.
Term life insurance is simply a type of life insurance that lasts for a specific period of time called a term.
If you are searching for a specific type of insurance, we can help you to get the best car insurance quotes, affordable home insrunace, and cheap life insurance.
The pro of whole life is that the higher price tag can be mitigated by getting this type of life insurance policy at a young age, adding specific riders that maximize the cash value up to, but not crossing the line, of becoming a modified endowment contract MEC, and allowing you to utilize that cash value in as little as 30 days.
Term insurance plans are type of life insurance which offers risk coverage of life for a certain number of years or a specific period of...
Unlike term life insurance which is designed to last a specific period of time, final expense life insurance is a type of permanent life insurance — it's active until you die.
Although all types of life insurance can be important — depending upon one's needs — final expense coverage can fill the specific need of ensuring that loved ones are not burdened with having to come up with a substantial amount of money at an already emotional time.
As with other types of life insurance, you pay regular premiums to your insurance company, in exchange for which the insurance company will pay a specific benefit to your beneficiaries upon your death.
When purchasing a final expense life insurance policy, it is important for an applicant to determine the type of coverage that they need — term versus permanent — as well as the amount of coverage that will be appropriate for their specific needs.
My point is that a specific type of life insurance policy is not right for everyone.
When you are considering the purchase of a life insurance policy, it is vital to ensure that you have the right type and amount of protection for your specific needs.
Term life insurance is a type of life insurance that lasts for a specific period of time called a term.
This specific type of whole life insurance offers substantial benefits to key people due to the steady accumulation of cash value within the policy and the flexible access to cash, as well as favorable tax treatment.
A type of life insurance that proves coverage for a specific number of years, usually 10, 15, 20 or 30 years.
While there are many advantages of owning a variable life insurance policy, it is also important to consider some key factors prior to moving forward in order to be sure that this type of policy is the best option for you and your specific insurance and investment needs.
While it's true that when it comes to workers» compensation, life insurance, health insurance, and other types of insurance, the contracts state the carriers must pay you what they have agreed to pay provided you meet specific qualifying criteria.
This can help you in determining whether or not the insurer is dependable, and that it offers the type of life insurance protection that will best fit your specific needs.
Since term life insurance may seem confusing to you, and there are so many types, we have provided some detailed articles to give you specific examples, and to explain the different types of term policies.
It is very easy to understand and the least expensive of all the types of life insurance that offer you full coverage (meaning coverage for any type of death not one specific one like cancer insurance).
Before deciding on any specific type of coverage, it is important to understand the differences between term vs permanent life insurance.
A type of life insurance that proves coverage for a specific number of years, usually 10, 15, 20 or 30 years.
There are many different types of permanent life insurance policies that you can choose from if you are over 50 — although not all of these may be suitable, depending on your specific coverage needs and goals.
Our experts are here to help ensure that you obtain the right type of life insurance policy for your specific needs.
This is a really affordable type of life insurance, primarily because it only covers you for a specific amount of time.
Each client is unique and requires a careful assessment of what company and policy is best for that specific client from among the different types of life insurance policies available.
Before making any decision it is important to understand whole life vs term life insurance, and how each type of product can best meet your specific needs.
This means that when you sign up for this type of life insurance you are guaranteed to get a specific rate for a specific period of time.
It's just a specific type of life insurance that is meant specifically to pay for your final expenses.
The right type of life insurance will eventually depend upon your specific needs.
For a general explanation of your choices, please see our post about the types of life insurance, or for a more specific explanation on a particular type, you can go directly to the articles below.
Decreasing Term Life Insurance is aimed at covering a very specific type of expenses - your debts (usually a mortgage or other amortized loans) when the amount owed decreases from year to year.
Unlike whole life insurance, which is considered a type of permanent life insurance, level term policies will eventually come to an end at a specific amount of time based on the policy you purchase.
This life insurance category generally provides coverage at a lower cost than other types of life insurance and can cover a specific length of time.
An lesser used type of life insurance, it has a very specific set of uses.
Each of the different types of life insurance policies fill a specific need.
Term life insurance is often thought of as pure life insurance coverage because this type of policy provides life insurance coverage for a specific period of time.
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