Sentences with phrase «term coverage allows»

The term coverage allows leverage, so more dollars are used towards the death benefit initially.

In these situations, term coverage allows you to purchase important death benefit protection without going beyond your budget.

The term coverage allows leverage, so more dollars are used towards the death benefit initially.

Not exact matches

The comment period closed last week on the administration's proposals to allow health insurers to sell short - term plans that would not have to comply with Obamacare coverage regulations.

Annual renewable term life insurance (ART) is a type of term life insurance policy that allows you to purchase one year of coverage at a time.

Other measures approved at the last minute would authorize hunting with crossbows, allow ticket scalping to continue, prohibit unauthorized commerce in human tissue, continue health insurance coverage and revise workplace terms for midwives and utility maintenance workers.

Children's Term Rider — allow you to purchase term coverage for your dependent children at one single premium rate for any number of childTerm Rider — allow you to purchase term coverage for your dependent children at one single premium rate for any number of childterm coverage for your dependent children at one single premium rate for any number of children.

Spouse Term Rider — allows you to purchase term coverage for your spouse, which is convertible to a cash value version with no evidence of insurabilTerm Rider — allows you to purchase term coverage for your spouse, which is convertible to a cash value version with no evidence of insurabilterm coverage for your spouse, which is convertible to a cash value version with no evidence of insurability.

The most common type of coverage is called level - premium term life; this type of policy allows you to lock in a specific rate for the entire length of your term.

LifeElements is convertible term life insurance, allowing you to convert all or a portion of the face amount to permanent coverage before the end of the term or by age 70, which ever is less.

AUL's term life insurance includes a conversion option that allows the insured to convert all or a portion of the policy to permanent coverage.

In addition, its CompLife product allows you to combine term and whole life insurance coverage to fit your financial situation, as your life insurance needs may change with time.

The good news is you have convertible term life insurance, which allows you to exercise the option with the insurance company to keep your coverage for the rest of your life by converting the term policy to whole life or universal life.

The policy is convertible term life insurance, which allows the owner of the policy to convert all or a portion of the coverage to whole life insurance coverage before the term policy expires or age 65.

To offset the federal government's obligation to cover long - term care expenses, the Partnership Program, administered at the state level, allows individuals to retain assets equal to a dollar - for - dollar amount of long - term care coverage.

Conversion Benefit TruStage Term Life Insurance policies have a conversion privilege allowing you to switch all or some of your coverage to a permanent life policy, regardless of your health.

Mutual of Omaha offers convertible term life insurance which allows you to have a large guaranteed death benefit for a lower initial cost than permanent coverage.

Regardless of the type of policy, there must be a renewability provision on page one which clearly describes the initial term of coverage, the conditions for renewal, and, in the case of a «guaranteed renewable» policy, the conditions which would allow the insurer to change the premium amount.

Ameritas» Keystone term policy is convertible term life insurance which allows the insured to convert all or a portion of the policy to permanent coverage.

Even though term insurance is not permanent coverage, you can usually get policies that will run for as long as 20 or 30 years, and may also contain automatic renewal provisions that will allow the term to be extended, or for the policy to be converted to permanent insurance at a later date.

The policy is convertible term life insurance, which allows you to convert your term policy to permanent coverage.

The medically underwritten Your Term plan allows you to get $ 100,000 or more in coverage.

Primerica also offers several riders which act as add - ons to their term coverage, allowing you to customize a policy to your financial situation, though each rider will typically increase your premiums by a small amount.

The right term life insurance policy will provide excellent coverage at an affordable rate — allowing you to devote more of your funds to savings, investment, or building a business without worrying about your family's financial health, if you would pass away unexpectedly.

According to the Insurance Information Institute (III), some insurance companies may allow homeowners to extend their coverage to a short - term rental if they're notified in advance, but the policyholder is better off getting a rider to their policy to make sure they have the proper coverage.

The company offers both term and permanent forms of life insurance protection, which allows its clients to add to and / or change coverage as their needs also change over time.

Amica's level term life insurance coverage also allows the option to add a cost of living adjustment rider.

Also, the insured may also wish to take advantage of the conversion option, which can allow him or her to convert the term policy over into a permanent form of life insurance coverage.

Converting a term policy over into a permanent form of coverage can allow an insured to obtain life insurance protection for life — regardless of future age increases and the possibility of contracting an adverse health condition.

These term insurance policies allow the choice of coverage for ten years, 15 years, 20 years, 25 years, or even for 30 years.

The life insurance companies also offer solutions such as chronic illness riders AND long term care riders, which allow a portion of the policy death benefit to be used for long term care costs while also preserving a portion of the death benefit coverage.

Penn Mutual's convertible term life insurance allows the insured to convert all or a portion of the policy to permanent coverage prior to the end of the term or age 70.

When the specified term for your life insurance is over, this provision allows you to continue coverage without taking another medical exam to prove your insurability.

(ii) Allowing tailored coverage and payment options: Providing lawyers individually their insurance coverage and payment options to meet their particular practice needs, while maintaining reasonably consistent coverage and options amongst all insured lawyers (see below in terms of the areas where even in the primary program firm - wide consistency is required);

Third, the term policy page throws error for a 29 yr non-smoking high earning male with something like «your max coverage allowed is only 2 crore!!».

Renewable term insurance that offers coverage for one year and allows the policy owner to renew coverage each year without evidence of insurability.

This policy allows policyholders to have their premiums returned to them if they outlive their coverage term, and also allows them to access cash value during the life of the policy.

By implementing the concept of leverage into life insurance, term life allows you to use less money to get more death benefit coverage.

Conversion Privilege A provision in a term insurance policy that allows the policyowner, for a stated period of time, to elect to have a new permanent policy issued that will continue the insurance coverage, without needing to provide evidence of insurability.

Level term life insurance is one of the most popular types of life insurance because it is inexpensive and allows you to purchase more coverage for less money.

Term life insurance is typically the best policy for most Americans since it allows you to have the most amount of coverage at the lowest price.

The coverage that is selected is guaranteed to remain the same throughout the entire lifetime of the policy, and the premium payment due is also not allowed to increase throughout the term of coverage.

A renewable term is a clause in a term insurance contract that allows the beneficiary to extend the coverage term for a set period of time without having to requalify for coverage.

For the most part, we know that term life insurance is the most popular choice because it allows for coverage over a certain period of time with initially smaller premiums.

From its beginnings, this company was a crusader for «buy term and invest the difference,» and for providing affordable term life insurance coverage — and because of that, also allowing their clients to be able to save or invest the money that they saved on insurance protection.

Products: The AIG Select - A-Term coverage allows policyholders to choose from 17 different term lengths — 10 years and between 15 and 30 years.

This rider is referred to by several names, but it allows you to specify certain amounts of coverage for different term lengths.

Term insurance is often a good choice for people in their family - formation years, especially if they're on a tight budget, because it allows them to buy high levels of coverage when the need for protection is often greatest.

Pacific Life does not put much effort in trying to be a leader in term coverage, and they do make the push to permanent, allowing you to convert this term policy to a universal without any additional underwriting (though your costs will rise, per thousand).

While a renewable term life insurance policy allows you to simply extend your current coverage, having a convertible term life insurance policy means that, at any point during your term or before your 70th birthday (whichever comes first), a policyholder may convert term life coverage to whole life coverage.