Sentences with phrase «term life insurance owner»

The typical profile of a term life insurance owner is someone who is a family breadwinner and has minimal savings.

Not exact matches

While owners of many term life insurance policies have the right to renew the policy once the period draws to a close, the cost will increase upon renewal, and can be considerable.

Term life insurance with a return of premium rider allows the owner to get his or her money back at the end of the contract period.

Best option: Term life or permanent life insurance depending on your goal as a business owner.

Now that I've made my case for why I think Han Solo was a term life policy owner, let me suggest what might have happened if he had chosen the better option to invest in life insurance as an asset.

The second reason that I believe Han Solo was a term life insurance policy owner is that he was a gambler.

Alternatively, the owner may choose to exercise a conversion option if the policy is convertible term life insurance.

Term life insurance is defined as a contract between the owner of the policy and the insurer, for a policy on the life of the insured, whereupon the insured's death, the insurer pays a lump sum death benefit to the beneficiary.

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.

When coupled with a life insurance policy, the hybrid LTCi owner will also have the advantage of passing dollars on to family on an income tax - free basis if the policy was never accessed for long term care coverage.

To fully understand annuities, the first important aspect to note is that, just like other insurance products, regardless whether we're talking about convertible term life insurance, whole life insurance, universal life insurance, etc., annuities are a contract between the policy owner and the insurance company.

Permanent life insurance policies don't work the same as term policies — they're able to build cash value over time as the policy's owner makes payments.

With this policy, the policy owner does have the option of converting the term life insurance policy over to a new permanent life insurance certificate — without having to prove evidence of his or her insurability — until the earlier of the certificate anniversary on which the insured is age 65, or 5 years prior to the end of the initial term period.

Term life insurance can be used to fund buy - sell agreements so that on the death of a business owner, surviving partners can use the proceeds to purchase the business from the deceased owner's beneficiaries.

They're one - part insurance, delivering guaranteed lifetime income when an optional living benefit rider is added to the annuity, and one - part accumulation potential, because a portion of the owner's purchase payments is allocated to a mix of diversified investments that can provide long - term growth to help maximize future retirement income.

Term life insurance for bank loans protect the bank's interest in the borrower's wellbeing, but it's equally valuable for the business owner's loved ones.

Term life insurance is affordable, perfectly matched to the needs of most business owners, and simple to apply for if you use Quotacy.

New York Life Insurance Company is the largest mutual life insurance company in the U.S. 1 Being mutual means our primary focus is on creating long - term financial safety and stability for our policy owners, rather than the short - term gains favored by Wall StrLife Insurance Company is the largest mutual life insurance company in the U.S. 1 Being mutual means our primary focus is on creating long - term financial safety and stability for our policy owners, rather than the short - term gains favored by WalInsurance Company is the largest mutual life insurance company in the U.S. 1 Being mutual means our primary focus is on creating long - term financial safety and stability for our policy owners, rather than the short - term gains favored by Wall Strlife insurance company in the U.S. 1 Being mutual means our primary focus is on creating long - term financial safety and stability for our policy owners, rather than the short - term gains favored by Walinsurance company in the U.S. 1 Being mutual means our primary focus is on creating long - term financial safety and stability for our policy owners, rather than the short - term gains favored by Wall Street.

A convertible term life insurance policy can be converted by the owner into a permanent life insurance policy during a specific period of time, without requiring an exam or proving the insured is healthy.

Owners of hybrid life insurance policies will know their daily (or monthly) long term care benefit amounts at onset and as the policy grows.

A type of term life insurance that pays all premiums back to the policy owner at the end of the term if the insured is still living, or percentage of the premiums if the policy is cancelled before the term ends.

For example, if you own a 20 year return of premium term life insurance plan and the 20 year term has expired, the premiums paid by the owner of the life insurance policy will be returned.

Most term life insurance policies will allow the owner of the policy to renew until age 95.

However, term life insurance generally comes with a conversion option which allows the owner to convert the policy into permanent insurance with no proof of insurability.

With term life insurance, benefits are paid if the policy owner dies during the period covered by the policy.

Most term life insurance allows the policy owner to renew until age 95.

A type of Term Life insurance that returns the equivalent all premiums back to the policy owner at the end of the term if the insured is still livTerm Life insurance that returns the equivalent all premiums back to the policy owner at the end of the term if the insured is still livterm if the insured is still living.

Unlike term life insurance policies, which do not build a cash value and always have a level death benefit, permanent life insurance policies allow the owner to select a level or increasing death benefit (sometimes called option 1 or option 2).

Beyond the scope of this article Term Life Insurance Best Candidates, often small business owners need a short term life insurance policy to assist in filling some financial nTerm Life Insurance Best Candidates, often small business owners need a short term life insurance policy to assist in filling some financial nLife Insurance Best Candidates, often small business owners need a short term life insurance policy to assist in filling some financInsurance Best Candidates, often small business owners need a short term life insurance policy to assist in filling some financial nterm life insurance policy to assist in filling some financial nlife insurance policy to assist in filling some financinsurance policy to assist in filling some financial need.

For example, if an individual owns a 10 - year return of premium term life insurance plan and the 10 - year term has expired, the premiums paid by the owner will be returned, less any fees and expenses which the life insurance company retains.

When you start researching term life insurance for your working spouse, know that he or she will still be the owner of the policy.

Renewable Term Life Insurance that is in force for a stated period, and can be renewed by the policy holder (or owner) at the end of each term for a limited number of terms without proving insurability of the insTerm Life Insurance that is in force for a stated period, and can be renewed by the policy holder (or owner) at the end of each term for a limited number of terms without proving insurability of the insterm for a limited number of terms without proving insurability of the insured

MetLife offers customers life insurance products, including term and universal life insurance; as well as disability insurance for both individuals and business owners, annuities, dental insurance, home and auto insurance.

Owners of hybrid life insurance policies will know their daily (or monthly) long term care benefit amounts at onset and as the policy grows.

Like any other type of life insurance, term life insurance represents a legal contract between the owner of the policy and the insurance company, and like any type of contract, it has a language of its own.

In legal terms, life insurance is a contract between a policy owner and insurer, wherein the latter agrees to reimburse the occurrence of the insured individual's death or other event such as terminal illness or critical illness.

As a former Series 65 Investment Advisor Representative, Chris also has the unique ability to «put on his financial planning hat» and discuss complex insurance issues such how much life insurance you need, the benefits of term vs. whole life insurance, and has helped hundreds of affluent families as well as business owners with their special needs.

Let's say, for example, a business owner's term life insurance policy had the rider.

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Term life insurance policies provide a stated benefit upon the death of the policy owner, provided that the death occurs within a specific time period.

If the loan is not fully secured, life insurance is required for the principals of sole proprietorships, single member LLCs, or for businesses otherwise dependent on one owner's active participation, consistent with the size and term of the loan.

Recently, a younger business owner client of mine was inquiring about purchasing a term life insurance policy.

A conversion option is typically included and allows the owner of the term policy to covert all or a portion of the term into permanent coverage, such as universal life insurance, without proof of insurability — that means no health questions or medical exam.

Here are 3 common situations that Whole Life insurance policy owners should think about before replacing their permanent policy with Term coverage.

A conversion option is a life insurance rider that allows the owner to convert all or a portion of the term coverage into a permanent life insurance policy.

If you are a business owner and want to buy a life insurance policy on the key employee which will provide a death benefit until that employees retirement then Return of Premium Term might be a great option since you will just get all your money back if the loss of life didn't occur and your valuable employee retires.

You see, term life insurance is called «term» because the policy (i.e. the contract between the owner and the insurer on the life of the insured) ends upon the specified timetable in the contract.

In addition, a term to 70 policy may offer the option of convertibility which means the policy owner may convert the term insurance into a permanent life insurance policy for a higher annual premium.

Term to 70 life insurance provides coverage up to age 70 to help meet the needs of families and business owners who have a temporary need for life insurance protection.

Some types of life insurance also give the policy owner the right to «borrow» a portion of the «cash value» within a policy, or to receive an «accelerated death benefit» if you become terminally ill or require confinement in a long term care facility.