Sentences with phrase «term of the life insurance policy»

That's an extra $ 120 per year for the entire term of your life insurance policy.

The most important decision you can make in terms of life insurance policies is when you decide between term and whole life insurance.

The rate is guaranteed to remain fixed, or the same, each year for the entire 20 year term of your life insurance policy.

Your rate won't increase and your coverage will remain the same for the full term of your life insurance policy.

So, it is important to look at all the important terms of the life insurance policy for seniors over 75 policies before opting for online life insurance for seniors parents.

Also, your coverage amount remains the same for the entire term of your life insurance policy.

To many people, «getting nothing back» if they survive the policy term of the life insurance policy (which can extend to 70/75 years) is a «loss.»

This is the case if the insured outlives the stated term of the life insurance policy.

Level life insurance offers you premiums and life insurance coverage that stay the same each year for the entire term of your life insurance policy.

Do not be discouraged to learn taking Chantix will qualify you as a smoker in terms of a life insurance policy.

Riders are policy add - ons and can be used to adjust the term of a life insurance policies.

Riders are policy add - ons and can be used to adjust the term of a life insurance policies.

That is why it is always important that you read and understand the terms of every life insurance policy before you commit yourself to it.

You need to take time to really understand the terms of the life insurance policy your insurer presented to you.

The duration or term of a life insurance policy is equally important as the cover amount and premiums of the policy.

The person or organization designated to receive proceeds under the terms of a life insurance policy, college savings plan or annuity.

Proceeds: The amount payable under the terms of a life insurance policy upon the insured's death or upon the maturity of an endowment.

If you die during the term of your life insurance policy, or you are diagnosed and are eligible to claim for a terminal illness, a lump sum will be paid.

In case of your unfortunate death during the term of your life insurance policy, your nominee will receive the sum assured as the death benefit.

You need to take time to really understand the terms of the life insurance policy your insurer presented Continue ReadingBitter Truth about Life Insurance Policy →

The premium is a fixed price that you are willing to pay in order to remain insured for the term of your life insurance policy.

Therefore, the life insurance company can not increase your premiums at a later stage (unless you have defaulted on your premium dues, for a long period), or it is agreed to in the terms of your life insurance policy.

However, rates are higher than for level term insurance since you receive a portion of your premiums back if you outlive the term of your life insurance policy.

It does not cost you anything to take another exam with a different carrier and it could save you thousands of dollars over the term of your life insurance policy by choosing TermLife2Go as your life insurance agency.

Level term offers you premiums and coverage amounts that remain the same throughout the term of the life insurance policy.

Under the terms of a life insurance policy, the insurer will generally make a payment upon the death of the insured.

If the life insurance premium has been paid for a minimum term of two years, and if the insured dies during the term of the life insurance policy.

Riders are policy add - ons and can be used to adjust the term of a life insurance policies.

It prides itself on the one - on - one relationship users and agents have, as well as its guaranteed fixed rates throughout the term of the life insurance policy.

The insurer will look through your medical history — along with a few other things, like your hobbies — to basically see how risky you are to insure based on how likely you are to die during the term of the life insurance policy.

Again, this is because smoking is linked to problems that make you more likely to die over the term of your life insurance policy, so you're a riskier prospect for carriers.

The reason for these coverage limits is based on the same logic life insurance carriers use for classifying citizens: the higher the risk of dying during the term of a life insurance policy, the more concerned the carrier is.

All of this is to see the likelihood of you passing away over the term of your life insurance policy.

Proceeds: The amount payable under the terms of a life insurance policy upon the insured's death or upon the maturity of an endowment.

It is typically best suited for individuals who have shorter - term needs; their mortgage will be paid off over the term of the life insurance policy and typically, their children are in their teens or older.

The longer you are expected to live, the less likely you are to die during the term of the life insurance policy.

A term life insurance plan offers affordable coverage that will fit almost any budget, and your premiums will not increase during the term of your life insurance policy.

Also, review the terms of the life insurance policy, since full coverage may not become effective until you have owned the policy for a period of time.

The following are not considered a settlement under state insurance regulations: • A loan from an insurer under the terms of the life insurance policy (e.g., a policy loan) • A loan from a third party where the policy's cash value is used as collateral (collateral assignment) • A beneficiary designation without a transfer of value • A beneficiary designation of someone with an insurable interest in the insured

A contingent beneficiary is defined as the person or organization who would receive under the terms of the life insurance policy if the primary beneficiary can not or chooses not to receive the death benefit proceeds.

And if the insurer should live past the term of the life insurance policy, he can get his money spent on coverage back with a return of premium rider.

Your life insurance coverage amount would be paid to your beneficiary (you choose who gets the money) if you were to pass away during the term of your life insurance policy.

The terms of a life insurance policies can last for a handful of years or a lifetime.

It has level premiums and coverage for the entire term of your life insurance policy.

Unlike regular life insurance, Return of Premium life insurance rewards you for living by offering a guaranteed return of most of the premiums paid on the policy during the term of your life insurance policy.

It's important for you to understand the terms of your life insurance policy before buying coverage.

The guaranty association will pick up the slack and continue to uphold the terms of your life insurance policy and pay your beneficiaries the death benefit should you pass away.

As we mentioned, if you were to die during the term of the life insurance policy, ROP life insurance companies would pay your family the death benefit amount you purchased.

All of the data about you is compiled by a life insurance underwriter and used to classify your mortality risk (i.e., your likelihood of dying during the term of your life insurance policy), which determines the rates you'll pay.