Sentences with phrase «term life insurance in force»

Each time the bottom has dropped out our financial world I have reminded people that an ounce of prevention really can feel like a pound of cure if you have investment term life insurance in force that is equal to about half of your nest egg.

They have had Protective term life insurance in force for several years and decided to look at converting $ 25,000 for final expense purposes since their conversion option ends next year.

Not exact matches

Life insurance policies have terms under which the policy may be continued in force or discontinued.

The term life insurance coverage effective date is the day that the policy is put in force.

Dying while the policy is in force is the one sure way to get money back on term life insurance.

Once you choose your, you will pay a premium to the life insurance company to keep the policy in force until the end of the defined term, or the end of your life, whichever comes first.

The mathematics of it is somewhat complex so in simple terms, understand that it is something like a forced savings which combines your life insurance with your investing.

Like term life insurance, whole life insurance policies pay a death benefit if you die while your policy is in force.

And while term insurance is sold for specific periods of time, typically anywhere from 5 to 30 years, a cash value insurance policy is usually considered to be a permanent life insurance policy, as these products are designed to remain in force for your entire life.

These are different from paid - up insurance, however, in that the life insurance is only in force for the duration of the term specified in the policy.

If your term life insurance is coming up close to the final year and you still need to have coverage in force, there are a few options that might be available for you:

With the company's Guaranteed Level Premium Term Life Insurance option, the premium amount that is charged will remain the same throughout the entire period that the policy is in force.

Lifetime Protection Unlike term insurance that ends at a certain age, whole life protection is in force for your entire life.

Life insurance contains exclusions, limitations, and terms for keeping it in force.

Permanent life insurance will be in force long after a term policy expires, and play an important role in estate planning.

Unlike term, a permanent life insurance policy will stay in force, unless it is canceled by the policyholder or the premium stops being paid for the coverage.

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This type of policy will pay out only a very limited benefit during the first few years the policy is in force, and then convert to a fully payable term life insurance policy for the remainder of the term.

Mortgage Life Insurance A type of term life insurance In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance proceLife Insurance A type of term life insurance In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance Insurance A type of term life insurance In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance procelife insurance In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance insurance In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance proceedIn the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance proceedin force, the debt is automatically paid by insurance insurance proceeds.

With a term life insurance policy, your named beneficiaries receive a payment if your policy is still in force when you die.

Traditionally with term life insurance, your beneficiaries receive a death benefit if you die while your policy is in force.

Life insurance policies contain exclusions, limitations, and terms for keeping them in force.

And here's the bottom line: all life insurance policies promise to pay an agreed - upon sum of money should you die while your policy is in - force (that is, while you're paying your premiums on time and while you're still operating within the terms of your contract).

As its name implies, term life insurance will remain in - force for a stated amount of time — or «term» — such as 10 years, 20 years, or another set length.

One major benefit of term life insurance is that your premium shouldn't change while your policy is in force.

1 Life insurance policies contain certain exclusions, limitations, exceptions, reductions of benefits, waiting periods and terms for keeping them in force.

Like most group life insurance policies, MetLife group policies contain certain exclusions, reductions, limitations, and terms for keeping them in force.

With term life insurance, you secure a policy that remains in force for a set amount of time (typically between five and 30 years).

The main differences between term and permanent life insurance are that permanent life insurance is in force for your entire life (as long as you pay the premiums) instead of a certain «term,» and permanent insurance accumulates cash value over the life of the policy.

Life insurance is subject to exclusions and limitations and terms for keeping it in force, Certain types of policies, features and benefits may not be available in all jurisdictions or may be different.

A term life insurance policy which will be in force for a specific term, or length of time.

As an example, if a person has a $ 500,000 term life insurance policy, and a $ 250,000 whole life policy, and both policies are paid up, they have $ 750,000 in life insurance that is «in force.»

Like most insurance policies and benefit programs, insurance policies and benefit programs offered by Metropolitan Life Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them insurance policies and benefit programs, insurance policies and benefit programs offered by Metropolitan Life Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them insurance policies and benefit programs offered by Metropolitan Life Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them Insurance Company and its affiliates contain certain exclusions, exceptions, waiting periods, reductions of benefits, limitations and terms for keeping them in force.

Our primary areas of expertise include term life insurance, universal life and equity indexed universal life, disability income insurance, in - force policy review, insuring tough health issues, business insurance including business succession and key man life and disability insurance, as well as estate planning.

Numerous in - force decreasing term insurance policies take the form of mortgage life insurance, which affixes its benefit to the remaining mortgage of an insured's home.

The Term Length refers to the length of time that a life insurance policy has a guaranteed in force price.

In - force life insurance policy questions, premium payments, policy loans, beneficiary changes, Long Term Care Settlement Option

Provides term life insurance protection for your children, age 15 days to 19 years, and remains in force for each child until the earlier of age 25 or marriage.

Guaranteed Term Life Insurance A type of renewable term life insurance that remains in force provided the policy premiums are paid on tTerm Life Insurance A type of renewable term life insurance that remains in force provided the policy premiums are paid on tLife Insurance A type of renewable term life insurance that remains in force provided the policy premiums are paidInsurance A type of renewable term life insurance that remains in force provided the policy premiums are paid on tterm life insurance that remains in force provided the policy premiums are paid on tlife insurance that remains in force provided the policy premiums are paidinsurance that remains in force provided the policy premiums are paid on time.

Term life insurance is a temporary form of life insurance that remains in force for a specific period of time.

Life insurance in force: includes individual policies, group term coverage available through work, and any other life insurance on your life payable to your family or for the benefit of your famLife insurance in force: includes individual policies, group term coverage available through work, and any other life insurance on your life payable to your family or for the benefit of your famlife insurance on your life payable to your family or for the benefit of your famlife payable to your family or for the benefit of your family.

A term life insurance policy, once in force, can only be canceled for lack of payment of the premium.

For a level term life insurance policy, you pay the same premium throughout the period it is in force.

Contrary to popular belief, once your term ends your life insurance doesn't stay in force.

Term life is a fully different type of policy from that of universal life (indexed or not), or whole life insurance, but the basic idea is the same; the customer pays regular premiums to the insurer and should he die while the policy is in force, the insurer is obligated to pay his beneficiary or beneficiaries a pre-determined lump - sum amount.

Decisions about the appropriate term length should be made in consideration of the desired amount of time for that life insurance to be in force.

If you are applying for traditional term life insurance, you can reduce the amount of time it will take to get your policy in force by returning all of the delivery requirements on time.

(Term life insurance policies are only in force for a certain, set period of time such as 10, 15, 20, 25, or 30 years and then they will automatically expire, leaving the insured to have to re-qualify for coverage if they want to remain insured at their then - current age and health condition).

In addition, the life insurance carriers who offer term coverage to those in the upper age brackets do restrict how long the policy can stay in forcIn addition, the life insurance carriers who offer term coverage to those in the upper age brackets do restrict how long the policy can stay in forcin the upper age brackets do restrict how long the policy can stay in forcin force.

Representing over 80 of the nation's highest rated and most respected life and disability insurance companies, MEG's primary areas of expertise include term life insurance, universal life, disability income insurance, in - force policy review, insuring tough health issues, business insurance including business succession and key man life and disability insurance, as well as estate planning.