Sentences with phrase «term life policy when»

Attained age conversion is a point in time on a term life policy when the policyholder has attained the agen where they have the right to convert the term life insurance policy into a permanent whole life or universal life policy at their election and without having to take a paramedical exam.

Or you can renew a term life policy when it's due to expire.

Purchasing a term life policy when you are young and healthy is the best way to ensure you get a policy with affordable premiums.

You can buy an inexpensive term life policy when you're young and starting a career, and then convert portions of the coverage to permanent life insurance as your earning power grows.

Some people choose a term life policy when they're in their 20s or 30s, before they're financially stable enough to afford a more costly policy.

I am looking for life insurance for my husband he is not in good health and we lost his term life policy when he had to retire.

One concern, though, is that if you want a new term life policy when the old one expires, you may have to pay more.

Recently divorced and remarried, he didn't renew his term life policy when it ended, because his children were self - supporting.

Purchasing a term life policy when you are young and healthy is the best way to ensure you get a policy with affordable premiums.

Not exact matches

Genworth Financial (GNW), which provides life and long - term care insurance, screwed up a while back when it began selling policies to cover medical expenses in old age: It did not charge nearly enough for them.

To minimize premium costs, he suggests considering a term life policy that expires when your payments are scheduled to end and to obtain just enough coverage to extinguish that debt.

Such policies also pay out a death benefit to your heirs when you die, but they are far more expensive than term life.

The only difference is, your policy will terminate eventually with term coverage — typically after you retire, when, presumably, your family is no longer so dependent on your work income — whereas whole life policies are for a lifetime.

When comparing two separate term life insurance policies, you may notice that — even with the same exact coverage amounts of each of the policies — the amount of premium that is charged to the policyholder could be quite a bit different.

This sets them apart from term life policies, which offer coverage that is designed to insure your income earning years and end naturally when the term is over.

«I've had clients for 20 years thank me for advising them to convert from term life to permanent life insurance when they did... The value of the policy can grow significantly,» he said «It's a very useful planning tool.»

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

Some dental malocclusions have been found more commonly among pacifier users than nonusers, but the differences generally disappeared after pacifier cessation.284 In its policy statement on oral habits, the American Academy of Pediatric Dentistry states that nonnutritive sucking behaviors (ie, fingers or pacifiers) are considered normal for infants and young children and that, in general, sucking habits in children to the age of 3 years are unlikely to cause any long - term problems.285 There is an approximate 1.2 - to 2-fold increased risk of otitis media associated with pacifier use, particularly between 2 and 3 years of age.286, 287 The incidence of otitis media is generally lower in the first year of life, especially the first 6 months, when the risk of SIDS is the highest.288, — , 293 However, pacifier use, once established, may persist beyond 6 months, thus increasing the risk of otitis media.

The data are used to determine an individual's risk when applying for life, health, disability income, long - term care, and critical illness insurance policies.

Of course, when purchasing a 20 year term life policy, there are many things that you need to take into consideration.

When selecting a term life insurance policy and the amount of coverage, the first factor to consider is the family's financial obligations during the policy term.

A long - term care policy, purchased when one is younger, behaves as if it's prefunding one's late - life healthcare expenses on a level - payment basis.

A term life insurance policy can help cover the income that is lost when a provider passes away.

While basic group term life insurance typically is terminated when you leave your employer, supplemental coverage and permanent policies may be portable.

When choosing a term life policy, you'll simply decide:

When you purchase a term life insurance policy, you can view it as a safeguard for your loved ones» future emergency fund.

If the unthinkable were to happen — and a natural disaster also resulted in loss of life — a term life policy could help cushion at least the financial loss that your loved ones may have when you aren't around, even if your savings and emergency fund were not sufficient to cover their needs.

It takes patience and discipline to invest in alternatives to term life such as whole life, particularly when using the policy as a home base personal finance bank.

When you compare permanent life insurance policies, it is wise to make sure you know how your coverage, premiums and beneficiaries are affected long term.

When you purchase term life insurance, you agree to pay recurring premiums in return for the commitment by the insurance company to pay a death benefit if the insured happens to die during the term that the insurance policy is in effect.

There is also an option to convert our term life insurance products to one of our permanent life insurance policies when your needs and budget change.

When shopping for a term life insurance policy, it is important to take a detailed look at the numbers and consider all of the options available to you.

In contrast to term insurance, a whole life insurance policy pays the death benefit stipulated in the contract upon the death of the insured, regardless of when it may occur.

There are also specific companies to choose when considering a hybrid long - term care life insurance policy.

When searching through available level term life insurance policies, you will also need to decide on how many years you want the coverage to remain in place.

When it comes to finding the right level term life insurance policy to suit your needs, there are several questions you need to ask yourself.

When shopping for term life insurance, the key policy features which will impact premiums are the term length and death benefit.

Given this, it can essentially behave as a term life insurance policy with the term ending at whatever age the policy matures, whether that's when you turn 90, 100 or 121.

A credit the insurance company provides when converting a term life insurance policy to a permanent policy.

These are just a few options that you may have available when your term life policy expires.

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.

Most people make a long term commitment when they decide to purchase a life policy.

When you are ready to compare term life insurance quotes, Quotacy is here to teach you about your options, such as convertible term life insurance and the multiple riders you can add to your policy.

Another possible PRO when comparing term life insurance is the fact that some policies can be designed to accumulate some cash value.

Because all term life policies either expire in say, 10, 15 or 20 years (or otherwise will gradually increase premiums), the greatest PRO when comparing term life is that the there is no expiration of the guarantee period on a guaranteed universal life policy, and the premiums can stay level.

This sets them apart from term life policies, which offer coverage that is designed to insure your income earning years and end naturally when the term is over.

Securian is the fourth largest direct writer of group life insurance, which may help to explain why the company is so price competitive when it comes to five - year term policies.

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.

We consider this to be the top life insurance company when it comes to five - year term policies.

When you purchase a Return of Premium (ROP) life insurance policy, if you die during the term, your beneficiaries receive the death benefit.