Sentences with phrase «term life insurance policy owner»

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

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

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.

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.

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.

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.

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

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.

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

Return of Premium Term Life Insurance (ROP Term)-- Return of premium policies are essentially level term life insurance plans which return 100 % of paid premiums to the policy owner at the end of the level perTerm Life Insurance (ROP Term)-- Return of premium policies are essentially level term life insurance plans which return 100 % of paid premiums to the policy owner at the end of the level perLife Insurance (ROP Term)-- Return of premium policies are essentially level term life insurance plans which return 100 % of paid premiums to the policy owner at the end of the leveInsurance (ROP Term)-- Return of premium policies are essentially level term life insurance plans which return 100 % of paid premiums to the policy owner at the end of the level perTerm)-- Return of premium policies are essentially level term life insurance plans which return 100 % of paid premiums to the policy owner at the end of the level perterm life insurance plans which return 100 % of paid premiums to the policy owner at the end of the level perlife insurance plans which return 100 % of paid premiums to the policy owner at the end of the leveinsurance plans which return 100 % of paid premiums to the policy owner at the end of the level period.

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.

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.

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.

which means the policy owner may convert the term insurance into a permanent life insurance policy for a higher annual premium.

In addition, the amount that the policy owner is allowed to borrow may actually be based on the value of the cash account, as well as the terms that are outlined in the life insurance contract.

As a not - for - profit, mutual, membership association, all «profits» made by the company are returned to the members, policy owners or the association through cash - value additions to interest - sensitive whole life policies, term refunds for eligible term policies, increased services, and increases to the insurance reserves.

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.

A term life insurance conversion allows the policy owner to convert their term life insurance into a permanent policy with NO evidence of insurability.

If a covered business owner dies, a life insurance policy can guarantee that the liquid funds will be available to fulfill the terms of the agreement.

Most 10 year term life insurance policies are also convertible, allowing the policy owner to convert to permanent life insurance, without a medical exam.

An accelerated long - term care benefit rider is the most common and allows the policy owner to draw down the existing life insurance death benefit.

Roughly 90 % of life insurance policies sold are term life insurance policies, says Chris Huntley, owner of Huntley Wealth Insurance in San Diegoinsurance policies sold are term life insurance policies, says Chris Huntley, owner of Huntley Wealth Insurance in San Diegoinsurance policies, says Chris Huntley, owner of Huntley Wealth Insurance in San DiegoInsurance in San Diego, Calif..

Available on a few life insurance policies, this is one of the disability riders for term insurance that will pay the policy owner a monthly income should whoever is insured under the rider be unable to work due to sickness or injury.

Return of premium term life insurance allows the owner of the policy to recoup all premiums paid upon the end of the term.