Not exact matches
A return of premium rider is particular to
term life insurance products as it allows you to recoup a
portion (or all) of the premiums paid if you
live past the full
term.
When a premium is paid, a
portion pays for annual renewable
term insurance based on the
life of the insured.
With most
term life insurance policies, the death benefit — the
portion of money that's paid out to beneficiaries — works the same way.
LifeElements is convertible
term life insurance, allowing you to convert all or a
portion of the face amount to permanent coverage before the end of the
term or by age 70, which ever is less.
AUL's
term life insurance includes a conversion option that allows the insured to convert all or a
portion of the policy to permanent coverage.
In the example of the
term premium, the premium is only paying for
insurance, while with the whole
life premium, a
portion of the premium is going to cash value.
Life insurance classified as return of premium (ROP) features a return of premiums paid to purchase coverage if the insured outlives the
term of the policy, or payment of some
portion of premiums paid to the beneficiary upon the insured's death.
In addition, convertible
term life insurance allows you to convert all or a
portion of your face amount to a permanent policy.
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.
Put a
portion of the money towards your first
life insurance premium - If you get a
term life policy you should have money left over.
A return of premium rider is particular to
term life insurance products as it allows you to recoup a
portion (or all) of the premiums paid if you
live past the full
term.
If your
term policy allows you to convert you can choose to option your rider and convert all or a
portion of your death benefit to permanent
life insurance.
Ameritas» Keystone
term policy is convertible
term life insurance which allows the insured to convert all or a
portion of the policy to permanent coverage.
The
term life portion goes down as you make your payments, until only permanent
life insurance is left.
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.
The
life insurance companies also offer solutions such as chronic illness riders AND long
term care riders, which allow a
portion of the policy death benefit to be used for long
term care costs while also preserving a
portion of the death benefit coverage.
The taxable ordinary income to the employee is the premium cost of one - year
term insurance on the
life of the employee minus that
portion of the premium paid by the employee.
Minnesota
Life's convertible term life insurance includes the option to convert all or a portion of the policy to permanent coverage prior to the end of the t
Life's convertible
term life insurance includes the option to convert all or a portion of the policy to permanent coverage prior to the end of the t
life insurance includes the option to convert all or a
portion of the policy to permanent coverage prior to the end of the
term.
Penn Mutual's convertible
term life insurance allows the insured to convert all or a
portion of the policy to permanent coverage prior to the end of the
term or age 70.
Premiums are often much higher than a
term life insurance policy with the same amount of coverage because you're paying for an
insurance policy as well as putting money into the cash value
portion of the policy.
For example, if you only need to carry a high level of
life insurance for 10 years, yet you want to carry
life insurance for your whole
life, they may suggest taking a 10 year
term for the
portion of money you think you need for that limited time, and a smaller value in a whole
life policy.
Trendsetter
Term Policy with «Living Benefits» offers high levels of term life insurance protection, and adds a «living benefit» that allows you to potentially access a portion of your policy benefit while you're still alive if you're diagnosed with a qualifying chronic or critical illness; or a terminal illn
Term Policy with «
Living Benefits» offers high levels of term life insurance protection, and adds a «living benefit» that allows you to potentially access a portion of your policy benefit while you're still alive if you're diagnosed with a qualifying chronic or critical illness; or a terminal il
Living Benefits» offers high levels of
term life insurance protection, and adds a «living benefit» that allows you to potentially access a portion of your policy benefit while you're still alive if you're diagnosed with a qualifying chronic or critical illness; or a terminal illn
term life insurance protection, and adds a «
living benefit» that allows you to potentially access a portion of your policy benefit while you're still alive if you're diagnosed with a qualifying chronic or critical illness; or a terminal il
living benefit» that allows you to potentially access a
portion of your policy benefit while you're still alive if you're diagnosed with a qualifying chronic or critical illness; or a terminal illness.
The good news is, some companies will credit you for a
portion of the premiums you paid into your
term life insurance policy and carry it over when you decide to convert to assist the cash value accumulation.
Both the indexed universal
life insurance and the
term life insurance policies typically include an accelerated death benefit so that a large
portion of the death benefit can be paid to the policyholder in the event of a terminal illness.
Universal
life insurance will also be more expensive than
term life because of the investment
portion of your payments for this kind of policy.
The policy is also convertible
term life allowing you to convert all or a
portion of the policy into permanent
life insurance, such as universal
life.
This one differs from the
term life policy in that a
portion of the premium covers the cost of the
insurance and goes toward a savings account.
Convertible
term life insurance allows you to convert all or a
portion of the face amount to permanent
life insurance, with no proof of insurability (i.e. no exam or health questions).
While it's more expensive, you'll have the same security
term life insurance offers along with the benefits of a cash value
portion.
Inside just the
life insurance portion of Nationwide, the diverse choices of products begin with
term life insurance.
In accordance with the prime feature of this
Life Insurance plan which is loyalty to the consumer, ROP
Term Insurance will provide that you receive all your investment back, not a
portion of it, like under Permanent
Life Insurance contracts with the cash value feature.
Premiums are often much higher than a
term life insurance policy with the same amount of coverage because you're paying for an
insurance policy as well as putting money into the cash value
portion of the policy.
With an ADB rider, you can generally get a
portion of the death benefit of your
life insurance policy to help offset costs associated with a chronic illness or terminal medical condition, and costs for long -
term care.
Whole
life insurance differs from
term life insurance in two major ways: it doesn't expire, and it has a cash value
portion.
A return of premium rider is particular to
term life insurance products as it allows you to recoup a
portion (or all) of the premiums paid if you
live past the full
term.
Term life insurance that allows you to protect loved ones as they depend on you during key
portions of your
life — such as while you're making house payments — has typically been offered in yearly increments divisible by five.
Supplemental riders available with the
term life insurance policy include: waiver of premium rider — premium payments may be waived if insured becomes totally disabled; children's level
term insurance rider — Provides
term coverage for children; and the accelerated benefit rider — You can receive a
portion of the death benefit if you develop a terminal illness.
And, American General / AIG will also apply a
portion of the
term insurance policy's premium to the new permanent
life insurance policy via a «conversion credit.»
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.
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.
Indexed universal
life policies put a
portion of the policyholder's premium payments toward annual renewable
term insurance with the remainder added to the cash value of the policy after fees are deducted.
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.
In some cases the best possible solution will be having a very affordable
Term life insurance policy to cover the major
portion of the financial liabilities and a smaller Universal
life insurance policy to cover the person for the rest of his or her natural
life.
Universal
life insurance also contains an element of long -
term investment strategy because it required you build the values in the investment
portion through part of the amount you pay monthly.
Because
term life insurance hasn't having the saving and investing
portion of the plan, you should use the money you save to invest.
In addition, AG offers convertible
term life insurance which allows you to convert all or a
portion of your policy to permanent coverage.
The whole -
life portion pays annual dividends, which are used to purchase additional permanent
insurance to replace the
term insurance.
Conversion Option: convertible
term life insurance allows you to convert all or a
portion of your
term policy to a permanent policy, without proof of insurability (no medical exam or health questions).
Return of premium (ROP) is a type of
life insurance policy that returns the premiums paid for coverage if the insured party survives the policy's
term, or includes a
portion of the premiums paid to the beneficiary upon the death of the insured.
If he is not insurable and has a conversion option on his
term life insurance policy he can convert all or a
portion of his coverage to a permanent policy.