Sentences with phrase «term coverage needed»

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.

The conversion privilege plays an important part of financially securing you surviving loved ones because you can purchase all the term coverage you need to cover the debt that has accumulated, and then convert your policy to permanent insurance when your debt has been reduced, and a lower death benefit makes more sense.

For short - term coverage needs where future insurability is not a factor, a nonrenewable term policy generally would be more cost effective.

You have the option to close out your policy and take its cash value at any time.The policy type that is best for you depends on your current financial situation, your long - term coverage needs and your personal preference.

Not exact matches

Term insurance can be cheap protection to put in place now so that you have needed coverage later, McClanahan said.

Moderate and conservative lawmakers have said the legislation needs some major changes in the wake of a brutal Congressional Budget Office (CBO) score projecting widespread coverage losses and short - term premium hikes.

If you're unable to qualify for fully underwritten life insurance but need over $ 50,000 in coverage, no medical exam term life insurance is your best option.

Term life insurance is an affordable option if you need coverage for 10, 15, 20, 25, or 30 years.

In addition, term life insurance policies are cheaper than other forms of insurance, so they're usually the best choice if you need a particularly large amount of coverage.

Term life insurance offers affordable coverage for a specified period of time and can be tailored to fit your family's financial needs.

Just make sure that the term policy will definitely cover the entire length of a financial obligation, as you'll have a harder time finding coverage and have to pay higher rates if you still need life insurance at age 80 or 90.

Any term life insurance policy from Foresters can also be converted to a permanent life insurance policy if you still need coverage later.

The decision of whether to buy term or cash value (also known as permanent) life insurance depends on your personal needs and how much you want to spend for life insurance coverage.

If you have limited resources to devote to life insurance or you only need coverage for a limited period (e.g., until your children finish college), term insurance may be the right choice for you.

Marino, 52, who was the highest - profile former player involved in legal action against the league over head injuries, said in a statement issued to Sports Illustrated magazine that in the past year he authorized a legal claim to be made on his behalf if he ever needed medical coverage due to the long - term effects of football - related head trauma.

Once this primary goal has been achieved, then higher stipends, universal health care coverage, and term limits top the NPA's list of major problems that need to be addressed post haste to enhance postdocs» lives.

In April 2011, NSF issued a request for information (RFI), looking for long - term solutions to its broadband needs through 2030 and focusing particularly on the lack of coverage for the South Pole Station.

The need is great to ease the financial strain of dementia care, as neither the federal government nor the private insurance industry has developed financially sustainable and affordable long - term care coverage.

If you need extra coverage, consider short - term supplemental travel insurance.

The breadth of coverage in this book, along with its practical examples, action steps, and appendixes covering key terms and definitions will provide the foundation all K — 12 teachers need to successfully instruct and support students receiving special education services.

Even if I agree for the sake of argument that books are precious snowflakes, it doesn't follow that Amazon is therefore obliged to sell them at all, much less sell them on equal terms to the books of Publishers who do have a contract.That this argument gets any coverage at all underscores the desperate need for improved media literacy in this country.

Once you get your coverage and maintain it for about a year, be sure to look it over once again to see if you need to update the current terms and limits.

Term life insurance is best suited for people who need insurance coverage for a specific duration.

Term life insurance is offering us the basic coverage we need for a much lower price, and we can easily drop it when it becomes more expensive in our golden years.

Before declining the rental agency's CDW or LDW, you should read carefully and compare the terms of the rental agreement, the CLDI insurance certificate in your card package and any other insurance you own to decide which coverage best meets your protection needs.

When you want to buy term life insurance, evaluate your family's financial needs and the length of time you want the coverage.

Make sure the policy you choose has the coverage you need in terms of level premiums, death benefits and cash value when it matures.

Your landlord needs your declarations page to make sure that the policy term, or dates of coverage, are appropriate.

However, if you have pre-existing conditions that would preclude you from passing a medical exam or need coverage very quickly, simplified issue term life insurance is a handy and affordable alternative.

Many shoppers prefer the simplicity and affordability of term life insurance over complicated products like universal life to get the coverage they need to protect their loved ones.

Term life insurance offers coverage to fit a variety of different needs and budgets.

As a result, it is often unclear how much your term life insurance rates will be, how long you are covered under a policy, and the amount of insurance coverage you need.

Mutual funds do not provide any insurance but if someone needs an insurance can take a term plan and invest in mutual funds for better returns and insurance coverage than investing in ULIPs.

However, if you have a need for long - term coverage, for example, if you have a special needs child who may be dependent on you for much of their life, then whole life may be the right choice.

For example, if you intend to retire at 70 and have determined that you'll need $ 750,000 to cover your family's costs post-retirement, but you're 60 and have only saved $ 600,000, you may choose a term life insurance policy that offers $ 150,000 of coverage should anything happen to you before then.

If you're unable to qualify for fully underwritten life insurance but need over $ 50,000 in coverage, no medical exam term life insurance is your best option.

When deciding on what term length to consider, think about how long you'll need coverage.

If you need life insurance coverage, you should consider purchasing term life insurance directly from an agent.

Here's everything you need to know if you're in the market for a term life insurance policy, from coverage to pricing.

When you have this information you can accurately decide the amount of coverage and the length of term that's best for your needs and situation.

Sometimes life presents situations where short - term coverage is needed.

5) Whether you can continue any optional insurance, like disability or life insurance, whether the insurance terms will change, and whether you need to do anything to maintain coverage.

Thus, term insurance may actually cost you more if you want long - term coverage, since you will need to purchase a series of increasingly expensive policies to maintain coverage throughout your life.

They carry term limits because carriers expect most large financial needs to resolve on their own after a certain amount of time — once the kids are out of college and paying their own way, once the mortgage is payed off, and once you retire, the replacement income a term plan offers should be unnecessary, so your coverage can come to an end.

Term insurance is also appropriate if you need coverage only for a limited period, such as while your children are in college, or while your business is in its start - up phase.

Term life insurance is an affordable option if you need coverage for 10, 15, 20, 25, or 30 years.

In addition, term life insurance policies are cheaper than other forms of insurance, so they're usually the best choice if you need a particularly large amount of coverage.

A Trusted Choice independent agent is ready to help you find the perfect policy for your needs, regardless of whether it is a mortgage life insurance policy or term life coverage.

And if you have sufficient retirement savings in place, you may only need term coverage until your planned retirement age.

In terms of how much coverage you need, you can figure that out while documenting your property.