Sentences with phrase «term policy length»

Depending on your age, you should still be eligible for all term policy lengths — 10, 20, and 30 - year terms.

Not exact matches

There are many choices for insurance shoppers in terms of policy length.

The premiums of a term life insurance policy remains fixed for the length of its term, after which it will increase by a pre-specified amount.

These phrases mean that the term life insurance quotes you receive reflect the price you'll pay for the entire length of the policy.

No medical exam policies offer term lengths up to 30 years and can typically be purchased up until you turn 75, though some insurers restrict term lengths based upon your age.

You can customize a policy by its death benefit amount, term length, and with riders.

For example, if you have a 30 - year mortgage for $ 300,000, you can purchase a term life insurance policy with a matching death benefit and term length.

Return of premium term life insurance (ROP) is a term insurance policy where the insurance carrier will return to you all the premiums you have paid, if you outlive your policy's term length.

Purchasing multiple life insurance policies with different amounts and term lengths is a great strategy known as laddering.

Just make sure that the term policy will definitely cover the entire length of a financial obligation, as you'll have a harder time finding coverage and have to pay higher rates if you still need life insurance at age 80 or 90.

Aside from the payout and term length, there are a few ways that term policies differ that are important to understand when choosing the best one to fit your financial situation:

While this may sound convenient (have coverage every year without committing to a longer term), if you know that you're likely to want coverage for a greater length of time, you're likely to do better by simply purchasing a policy with a longer term.

Term policies are generally the least expensive type of life insurance and term lengths can be for as little as one year, but policies are more commonly offered for 5 - year, 10 - year, 20 - year, and 30 - year teTerm policies are generally the least expensive type of life insurance and term lengths can be for as little as one year, but policies are more commonly offered for 5 - year, 10 - year, 20 - year, and 30 - year teterm lengths can be for as little as one year, but policies are more commonly offered for 5 - year, 10 - year, 20 - year, and 30 - year terms.

Just keep in mind that the conversion period doesn't last the entire length of the term policy, so you'll need to check when it closes.

Seniors over 80 typically won't qualify for term life insurance policies over 10 years in length, however, you can still qualify for permanent coverage.

Hammond slammed Cuomo for failing to put forth an agenda for the second four - year term he's seeking, noting that in 2010, candidate Cuomo released seven book - length white papers addressing everything from ethics reform to energy policy.

[6] During its first term in office Blair's government introduced many popular policies, including legislation to establish a national minimum wage, reducing the length of hospital waiting lists, and devolving lawmaking powers to Scotland and Wales.

The dating service did not advise them properly of the organization's cancellation policies, the length of time they would have to wait before receiving their first match and the terms of contract expiration, refunds and renewals.

I've written about this at greater length elsewhere (see here and here), but we have eight rigorous studies of school choice programs in which the long - term outcomes of those policies do not align with their short - term achievement test results.

The significant shift of policy will give comprehensives the power to act more independently, such as departing from the National Curriculum or varying the length of terms.

The bill requires districts to establish a policy on school discipline that contains the specific basis for in - school suspensions, short term out - of - school suspensions, long term out - of - school suspensions and expulsions, and the maximum length of long term suspensions.

The benefit amount and length determine the cost of your long - term disability policy.

In regards to the example above, a $ 600,000 term life insurance policy with a term length of 20 years (long enough to put your child through college!)

If you buy a 10 year term policy and want to renew it at the end of that term, the premiums will be higher than what you were originally paying, so choose the length of the term carefully.

Instead of taking back the refund, you can choose other non-forfeiture options, such as using the cash to continue to pay premiums, acquire reduce paid - up insurance (using the cash to buy a reduced amount of permanent coverage) or acquire extended term insurance (keeps the coverage the same, but reducing the length of the policy)

You might choose a decreasing term policy for a similar term length and initial death benefit equal to the outstanding mortgage loan, since you know your spouse will be financially stable once the mortgage is paid off and you know the time it will take to pay back the loan.

No medical exam policies offer term lengths up to 30 years and can typically be purchased up until you turn 75, though some insurers restrict term lengths based upon your age.

There are a few catches — it'll raise the cost of your life insurance policy slightly, and your eligibility might be limited by the carrier, term length, and coverage amount — but if you're really concerned about the money you're spending on life insurance, it's worth looking into.

While Globe Life advertises level premiums for the entire policy term (the length of coverage), the maximum term available is only 5 years and premiums increase each time you decide to renew coverage.

Term lengths can extend for 10,15, 20 or 30 years and, should your financial needs change, you can convert your policy to a whole life insurance one.

In addition, their term life policies have a maximum term length of 5 years, so if you know that you want coverage for a longer period of time, you'll pay higher premiums on average since the cost increases each time you renew coverage.

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.

One of the most important things to remember though is that generally a policy term is the length of time the carrier agrees to cover you for.

Term policies can range from 5 years to 35 years in length and can provide over $ 1 million in death benefits.

Your payment is fixed for the entire length of the policy and the amount of the payout to your loved ones — if you were to die within the term — is fixed when you buy the policy.

For example, if you have a 30 - year mortgage for $ 300,000, you can purchase a term life insurance policy with a matching death benefit and term length.

The «term» part of term life insurance refers to the length of time the policy is good for.

Term life insurance policies vary considerably based on a number of factors including your health status, the length of the term you choose and the company you work wTerm life insurance policies vary considerably based on a number of factors including your health status, the length of the term you choose and the company you work wterm you choose and the company you work with.

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

To accurately compare policies from two different companies, make sure you compare the same term length and provide the same information about your health and lifestyle.

Term policies are generally the least expensive type of life insurance and term lengths can be for as little as one year, but policies are more commonly offered for 5 - year, 10 - year, 20 - year, and 30 - year teTerm policies are generally the least expensive type of life insurance and term lengths can be for as little as one year, but policies are more commonly offered for 5 - year, 10 - year, 20 - year, and 30 - year teterm lengths can be for as little as one year, but policies are more commonly offered for 5 - year, 10 - year, 20 - year, and 30 - year terms.

So rather than choosing a yearly renewable term life insurance policy, choose a 10 year term for the same price over the length of time you need the coverage.

* A return of premium policy is similar to a traditional level term policy, but you'll get back all the policy premiums you've paid if you outlive the length of your term.

Just make sure that the term policy will definitely cover the entire length of a financial obligation, as you'll have a harder time finding coverage and have to pay higher rates if you still need life insurance at age 80 or 90.

The Custom Choice UL policy offers term lengths ranging from 10 years up to 30 years.

While this may sound convenient (have coverage every year without committing to a longer term), if you know that you're likely to want coverage for a greater length of time, you're likely to do better by simply purchasing a policy with a longer term.

And depending on the length of the term policy you purchased, your coverage term could be anywhere from one, five, 10 or even 30 years.

For example, while most term life insurance policies offer a fixed death benefit for the term length, Banner's term policy lets you combine terms and coverage amounts.

With level term life insurance, your policy premiums remain the same for the entire term length.

The products are term life insurance policies that provides term lengths of 10, 15, 20 and 30 years.