Sentences with phrase «temporary policy»

Term life insurance is often considered a type of temporary policy because it is designed to cover you only for a specific «term» or period of time.
A term policy will pay off if you die within the policy period, but most people use term policies as temporary policies until they get a permanent policy..
The Term policies are basically temporary policies that have term lengths from 5, 10, 15, 20, 25, and 30 years.
Some times the use of an illness coverage may be referred to as a «pre-existing condition» when its applicable for a separate temporary policy.
This combination of large financial obligations and low cash flow make the inexpensive temporary policies so attractive.
Find out whether this type of temporary policy is best for your needs.
The Internal Revenue Service is providing excise tax relief to align with the Department of Labor's recently issued temporary policy on its fiduciary rule.
In the large industrial countries, on the other hand, the rebound has been more tentative, and driven more by the turn in the inventory cycle and temporary policy measures than a strong pick - up in private demand.
Texas» temporary policy relieved high - stakes for 6,000 students according to IDRA's analysis released with our latest attrition study.
But unless you are using an approved exception (Special Enrollment Period), for many parts of the year, you may be forced to buy a non-qualified temporary policy or a policy with specified limitations.
The temporary policy change adopted two additional pathways to graduation.
WASHINGTON — In an effort to stabilize declining home values in certain neighborhoods, the Bush Administration today announced a temporary policy that will extend government - backed mortgage insurance and allow for the immediate sale of vacant foreclosed properties.
A 25 basis point move validates the temporary policy move of the Fed, and does not change policy, beyond making the more semi-permanent.
For those who are only looking for a temporary policy that will be in place until their children or spouse will no longer be dependent upon them, purchasing a level term life insurance policy is generally the answer.
If you are looking for cheap life insurance, affordable Term life insurance will always have the lowest premium but they should be considered a temporary policy because Term insurance is purchased by term lengths of 5 to 30 years.
A temporary policy can be taken to assure the funds are available for the children to finish school without hardship, should a parent die.
Term life insurance is a temporary policy design that terminates at a specific point in time.
The last thing you want is to lock into life insurance expecting it to last your entire life, only to find out you actually locked into a temporary policy where the premiums increase or the death benefit drops.
Why wouldn't you suggest she obtain a temporary policy for the month since they are also much less expensive than her Mother's plan?
Term life insurance is more of a temporary policy with a set expiration date, while permanent insurance (such a whole life, universal life, and variable universal life) is meant to last a lifetime.
The primary reason why term life insurance rates are typically less, is that term is considered a temporary policy and at some point in time will become nonrenewable.
Often considered a temporary policy, term life insurance is only meant to cover you for a specific «term» or period of time during which the premiums may remain level.
A travel medical insurance plan is a temporary policy that covers you for the length of your trip.
Overall, COBRA insurance is only beneficial if you, your spouse, or your children are suffering from a pre-existing medical condition or you need a temporary policy while you are looking for new a job.
If you want to wait for the government Open Enrollment Period (OEP), or if you need coverage while waiting for an employer - provided plan or a life - qualifying event, you can also purchase short - term health insurance — a temporary policy that can provide valuable stop - gap coverage and peace of mind in the event of an illness or accident.
Term life insurance is a temporary policy which lasts a set term.
You can consider term life insurance as a temporary policy due to the fact it can have term periods from 5 - 30 years.
Whether you want a temporary policy for a set number of years or you want a permanent policy that will be with your for your entire life.
Because he's still within his 10 - year conversion period, he is free to convert that temporary policy to a permanent one without having to go through a new physical exam.
A clause is written into many (not all) term life policies that allows the policyholder to convert the temporary policy into a permanent policy, as long as it's done within a certain time frame or by a certain age, such as 75 years old.
This conversion clause does add to the cost of the original term policy a bit, but it's worth it because you will be able to change your temporary policy into a permanent one without having to requalify or undergo a new physical exam.
Eventually, the temporary policy can and should be converted to permanent policy — term to perm, so to speak.
Term life insurance is a temporary policy with a set expiration date.
If you are not working, are a recent high school or college graduate that is no longer covered under a parent's policy, unemployed, between jobs, a seasonal employee, currently uninsured, or just waiting for other coverage to begin, then a temporary policy might be your best option.
For those who are only looking for a temporary policy that will be in place until their children or spouse will no longer be dependent upon them, purchasing a level term life insurance policy is generally the answer.
The duration of a temporary policy can be any period of lesser duration, even one day.
There are a number of reasons why you might need a temporary policy.
If you are only looking for a temporary policy, there are currently two main offerings of term life insurance and they come from United Home Life and American National.
Level Term Life Insurance — Once again, this is a temporary policy and needs a medical examination where this wasn't necessary in the last option.
Term Life: This temporary policy covers an insured person for a specified length of time (term).
In 2007, as the numbers of distressed mortgages was mounting, Congress put a temporary policy in place to exclude forgiven home mortgage debt from any tax obligation.
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