Sentences with phrase «term life coverage provides»

Similar to whole life insurance, term life coverage provides a lump sum death benefit in the event that the policyholder passes away while the policy is still active.

Not exact matches

The primary difference between permanent and term life insurance is that term policies only provide coverage for a fixed period of time, such as 20 years.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

Permanent life insurance is generally more expensive than term life insurance because it is intended to provide coverage for your lifetime.

Term life insurance provides affordable coverage for a defined period of years, with its primary purpose to replace income or help pay off outstanding debts if the insured dies during that time.

Term life insurance, on the other hand, provides coverage for a specific period of time, such as 10 years or 20 years.

Term policies provide life insurance coverage for a specified period of time.

Under terms of the Patient Protection and Affordable Care Act (ACA), health insurance companies can no longer refuse to provide health coverage to living kidney donors or charge them a higher rate.

Children's Insurance Provides level term coverage on the life of any child (between the ages of 15 days and 17 years) of the base insured until the child is age 25.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

Gerber's term life insurance also provides between $ 25,000 to $ 150,000 of coverage, and doesn't require a medical exam if you're under 50 or want a death benefit of up to $ 100,000.

She says that instead you should call your life insurance company and ask how much it would cost to provide additional life or term life insurance coverage for the full mortgage amount.

More for Your Money With coverage amounts starting at $ 1 million, Brighthouse Guaranteed Level Term offers a simple way to take care of loved ones and provides the most coverage for your money, compared to permanent life insurance.

Term life insurance provides coverage for a specific period of time, known as the tTerm life insurance provides coverage for a specific period of time, known as the termterm.

During the middle of the 20th century term life insurance provided temporary coverage while Whole Life insurance provided coverage for those that needed it to last a lifetime (or longer than 20 yealife insurance provided temporary coverage while Whole Life insurance provided coverage for those that needed it to last a lifetime (or longer than 20 yeaLife insurance provided coverage for those that needed it to last a lifetime (or longer than 20 years).

You now have two life insurance policies: a $ 450,000 term policy with 11 years left, and a $ 50,000 permanent policy that provides you lifelong coverage.

Term life provides coverage over a set period, say 15 to 30 years, and then expires.

The amount of term life you initially choose can provide a lot of cost savings but the whole life will provide permanent coverage, so that you get the best of both worlds.

This is in contrast to term life insurance which only provides coverage for a set period of time, such as 10 or 20 years.

In the case of insurance policies, they can provide additional coverage or change the terms of the standard contract to expand what your term life insurance covers.

Term is popular because it is inexpensive, and provides coverage during the time of life when your family most needs the income you provide.

Term life insurance can provide affordable, high coverage protection for a specific period of time (term) to help safeguard your family from the loss of your incTerm life insurance can provide affordable, high coverage protection for a specific period of time (term) to help safeguard your family from the loss of your incterm) to help safeguard your family from the loss of your income.

In addition to the life coverage provided by your employer, you need to have a good term plan (calculate how much insurance you require.

The product is a single premium universal life insurance policy that provides death benefit protection, long - term care coverage and return of premium.

Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum death benefit.

A long - term care insurance policy provides coverage for reimbursement or cash indemnity income benefits of various care and services, including in - home care, or a long - term care facility, such as an assisted - living facility or a nursing home.

Long Term Care Insurance definition: any insurance policy or rider that provides coverage for costs and services, including maintaining, diagnosing, rehabilitating and personal care services provided by certain organizations, including assisted living facilities, nursing homes and in - home care.

Term life insurance will provide a person with coverage for a fixed amount of time, generally apportioned in five - year increments ranging from 5 to 30 years, in exchange for a fixed rate of payments.

Term life insurance provides coverage only for the part of your life when you need to have the most coverage.

Term Life Insurance provides for life insurance coverage for a specified term of years for a specified premTerm Life Insurance provides for life insurance coverage for a specified term of years for a specified premLife Insurance provides for life insurance coverage for a specified term of years for a specified premlife insurance coverage for a specified term of years for a specified premterm of years for a specified premium.

Term life insurance provides the most coverage at the lowest rate, and more flexibility if you want to add or change coverage down the road.

Optional Term Life, Dependent Life and AD&D coverage are provided under a group insurance policy (Policy Form GPNP99) issued to your employer by MetLife.

Whole life insurance is a permanent * cash value policy that provides coverage for your whole life, rather than for a specified term.

The policy can be used to provide coverage for a limited time like term insurance or permanently, until the death of the insured, like whole life.

We're happy to help you get the right term life insurance policy for your needs — one that is affordable and provides excellent coverage.

Group II — insurance coverage, i.e., medical, auto, life, renter's insurance (not payroll deducted); payment to child care providers — made to a business providing such services; school tuition; retail stores — department, furniture, appliance stores, specialty stores; rent to own — i.e., furniture, appliances; payment of that part of medical bills not covered by insurance; Internet / cell phone services; a documented 12 month history of saving by regular deposits (at least quarterly / non-payroll deducted / no NSF checks reflected), resulting in an increasing balance to the account; automobile leases, or a personal loan from an individual with repayment terms in writing and supported by cancelled checks to document the payments.

Term life insurance policies can provide benefits coverage for a specific period of time.

Term Life Insurance — Term life insurance is one of the best deals in personal finance and provides an excellent amount of life insurance coverage for a specific period of tLife Insurance — Term life insurance is one of the best deals in personal finance and provides an excellent amount of life insurance coverage for a specific period of tlife insurance is one of the best deals in personal finance and provides an excellent amount of life insurance coverage for a specific period of tlife insurance coverage for a specific period of time.

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.

Term life insurance provides coverage for a designated period of time.

Moving on to insurance, SoFi teamed up with Protective Life to provide customers with term life insurance, boasting a twenty - minute process to get coverLife to provide customers with term life insurance, boasting a twenty - minute process to get coverlife insurance, boasting a twenty - minute process to get coverage.

A term insurance plan that provides dual benefits of Protection (Life Insurance coverage against unfortunate demise) and Return of Premium on Maturity

Term life policies provide life insurance coverage for a certain amount of time (usually between five and 30 years).

In contrast, Term Life Insurance is designed to provide temporary coverage for a set duration of time, typically 10, 15, 20, 25, 30 or 35 years.

This type of policy, which covers someone for their entire life provided the premiums are paid, differs from term insurance, which covers someone for a defined period of time (after that set time term insurance policies usually have provisions for continuing coverage, albeit at higher premiums).

Jeremy Hallett, founder of online insurance marketplace Quotacy, said in an interview that premiums are typically 10 times higher for whole life policies than they are for term life policies with the same death benefit because permanent insurance provides coverage for life with guaranteed level premiums.

Similarly, it may also be best to stick with your term life coverage if you can't afford the premiums associated with a permanent policy that provides the same level of death benefit coverage.

To provide accurate insurance quotes, certain information must be collected, including state of residence, date of birth, gender, height, weight, coverage amount desired, term period desired (in the case of term life insurance), health classification of the proposed insured, and tobacco use.

Term life insurance is considered to be the most basic form of coverage, providing a certain amount of death benefit in exchange for a premium payment.

These benefits provide employees and their spouses with term life insurance coverage through age 120 on a guaranteed level premium basis.