Sentences with phrase «term life policy allows»

The conversion option in your term life policy allows you to convert over as much of the original face amount you would like to a permanent policy without taking a new health exam.

A 20 year term life policy allows you to plan your payments for 240 months, with no unexpected increases.

If your term life policy allows conversion, there will be a deadline for conversion that's before the end of the policy.

For example, the term life policies allow for convertibility and level benefits / premiums and this is built into the policy itself.

Term life policies allow you to purchase the greatest amount of coverage for the lowest premium compared to other forms of life insurance.

Not exact matches

Annual renewable term life insurance (ART) is a type of term life insurance policy that allows you to purchase one year of coverage at a time.

Banner Life's term policy includes an accelerated death benefit rider and allows an individual to cash out up to 75 percent of the death benefit if you are diagnosed with a life expectancy of twelve months or lLife's term policy includes an accelerated death benefit rider and allows an individual to cash out up to 75 percent of the death benefit if you are diagnosed with a life expectancy of twelve months or llife expectancy of twelve months or less.

Convertible term life insurance allows you to extend the life of your policy by converting it to a permanent life policy.

The most common type of coverage is called level - premium term life; this type of policy allows you to lock in a specific rate for the entire length of your term.

Universal life allows the customer flexibility in choosing and changing the terms of the policy.

And if you are in need of a larger death benefit initially than your budget allows, you can add a term life rider to your policy to enhance your initial death benefit.

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 addition, convertible term life insurance allows you to convert all or a portion of your face amount to a permanent policy.

The good news is you have convertible term life insurance, which allows you to exercise the option with the insurance company to keep your coverage for the rest of your life by converting the term policy to whole life or universal life.

National Life allows policyholders to convert to issue age for the first five years of the term policy, otherwise the policy converts at your attained age.

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.

The term conversion rider, normally built - in to every life insurance policy, allows you to convert a term life insurance policy into a permanent life insurance policy without having to take another medical exam.

Luckily, the long - term care rider on her life insurance policy provides the money to pay for her care, allowing her family to focus on providing for Nikki's emotional needs, not her economic ones.

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

Conversion Benefit TruStage Term Life Insurance policies have a conversion privilege allowing you to switch all or some of your coverage to a permanent life policy, regardless of your heaLife Insurance policies have a conversion privilege allowing you to switch all or some of your coverage to a permanent life policy, regardless of your healife policy, regardless of your health.

Prior to the ending of the level term period, however, or to the attainment of age 70 — whichever is earlier — the insured is allowed to convert the policy over to a permanent life insurance policy that Lincoln makes available.

As stated before, the majority of their business comes mostly from term life insurance policies and annuities, a business practice that comes with modest earnings, yet not enough to allow for the company to expand.

Most term life insurance policies allow you to convert your term policy into a permanent life insurance policy such as whole life insurance.

The policy is convertible which allows the owner to convert the policy to whole life prior to the end of the 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.

Granted, term life insurance typically has a conversion option, which will allow you to convert your policy to a permanent life insurance.

Term life offered through United of Omaha is convertible which allows the owner to convert the policy to permanent life prior to the end of the tTerm life offered through United of Omaha is convertible which allows the owner to convert the policy to permanent life prior to the end of the termterm.

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 policy is convertible term life insurance, which allows you to convert to one of Prudential's permanent policies by the end of the term or age 65, whichever is first.

Re-Entry: A policy provision that allows an insured to renew their term life insurance policy at the end of the term based on their attained age and health status.

Term Conversion: A policy provision that allows a term life insurance policy to be converted to a permanent life policy offered by the company for a specified period of tTerm Conversion: A policy provision that allows a term life insurance policy to be converted to a permanent life policy offered by the company for a specified period of tterm life insurance policy to be converted to a permanent life policy offered by the company for a specified period of time.

But because it is life insurance, it also provides an accelerated death benefit that allows you to access your death benefit if you are diagnosed terminally ill, with some whole life insurance policies also covering chronic illness and long - term care.

Banner Life's term policy includes an accelerated death benefit rider and allows an individual to cash out up to 75 percent of the death benefit if you are diagnosed with a life expectancy of twelve months or lLife's term policy includes an accelerated death benefit rider and allows an individual to cash out up to 75 percent of the death benefit if you are diagnosed with a life expectancy of twelve months or llife expectancy of twelve months or less.

The policy is convertible term life insurance, which allows you to convert your term policy to permanent coverage.

Owning additional term policies instead of a large permanent life policy for all those years would align better with your needs, be more affordable, and allow for different ownerships.

Thus, at a minimum, we suggest that «convertible term life insurance» is purchased which allows the policy to be converted into a permanent life insurance policy.

A return of premium life insurance policy allows you to recoup some or even all of the premiums you paid into your policy if you outlive your policy's term.

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.

Many, but not all, term life insurance policies include a provision that allows policyowners to convert to a permanent policy at some point during the policy's term.

Term conversions allow you to convert to a permanent life insurance policy with no evidence of insurability.

It allows the term policy to be converted over to a whole life insurance (permanent) policy, forgoing a new medical examination.

Also, the insured may also wish to take advantage of the conversion option, which can allow him or her to convert the term policy over into a permanent form of life insurance coverage.

Converting a term policy over into a permanent form of coverage can allow an insured to obtain life insurance protection for life — regardless of future age increases and the possibility of contracting an adverse health condition.

However, the entire whole life vs term life argument is moot when you understand that you can actually design a whole life policy with term insurance rider, allowing you to get both whole and term life insurance in ONE policy, instead of either / or.

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.

It's one - size - fits - all Individual life insurance policies allow you to customize the death benefit amount and term length, and change policy provisions through riders.

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.

The majority of term life insurance policies feature a clause that allows you to renew it at the end of the term.

Also, signing up for term life insurance earlier can allow you to waive future medical examinations if you want to extend your policy when the term ends.

A type of term insurance that allows you to exchange the term insurance policy for a permanent life insurance policy (whole or universal) without having to take a new medical exam.