Sentences with phrase «spend on your life insurance premiums»

For those who have shorter term coverage needs, and / or a limited amount of money to spend on life insurance premiums, a term life insurance policy could very well be the best alternative — especially one that has the option of being converted over into a permanent policy in the future, regardless of the insured's health condition.

According to this rule, 6 % of the breadwinner's annual income plus an additional 1 % for each dependent should be spent on life insurance premium.

Not exact matches

if someone had $ 1,000 per month to spend on life insurance, if the entire amount is applied to the base premium, this would purchase a larger death benefit.

Eliminating travel, $ 290 per month, gifts at $ 1,200 per month, putting life insurance on a premium holiday to save $ 324 per month and cutting $ 311 unaccounted miscellaneous would slash monthly spending to $ 3,507.

As Laura and I went through the insurance options in the booklet, even an extra $ 50 in premiums for more coverage made her sit back and consider: did she really need to spend that much for a cost - of - living adjustment on disability benefits?

But on the other, as I grow older, since my life insurance premium remains fixed, I get more and more value for each rupee spent on insurance.

Even though life insurance premiums and other expenses are no deductible from your taxes, the money spent on life insurance provides something much more valuable — peace of mind for you and your family.

Overall, if you honestly avoid bad habits such as smoking, be a responsible driver, eat well, and be sure to exercise you will significantly decrease the amount of money you'll have to spend each month on life insurance premiums.

And, if you don't think that your budget will budge enough to afford a small monthly life insurance premium, then consider what you spend on other non-essentials that will typically cost you more than $ 13.00 a month.

The reason you spend your hard earned money each month on life insurance premiums is for it to be there in the event of an unexpected tragedy, you don't want your family to be left penniless or destitute because your life insurance policy didn't pay out the claim.

And if the insurer should live past the term of the life insurance policy, he can get his money spent on coverage back with a return of premium rider.

A return of premium life insurance policy (ROP) is essentially a term life insurance with one important difference: you get all the premium money you spend on your term life insurance policy paid back to you at the end of the term.

Those who are wishing to purchase life insurance protection, but do not have an ample amount to spend on premium payments

Purchasing a term life policy instead of a whole life insurance policy will save the owner a lot of money every year that would otherwise be spent on the whole life insurance premiums.

if someone had $ 1,000 per month to spend on life insurance, if the entire amount is applied to the base premium, this would purchase a larger death benefit.

If you don't have a fortune to spend on premiums, choose the guaranteed issue life insurance from age 60 onwards to defray your funeral expenses.

The older you are the more expensive life insurance becomes, which means a middle aged person looking to buy whole life insurance could spend an average of $ 75 per month on premiums.

This means you will pay less in insurance premium prices and will hold more money to spend on fixing up the truck or for spending on other life costs.