Sentences with phrase «terms of a life insurance contract»

The premium will be level for the entire term of the life insurance contract.

The free look period differs depending on the terms of your life insurance contract or the laws in your state, but is typically between 10 and 30 days.

Under the terms of a life insurance contract, the insurance company promises to pay a certain sum to someone (a beneficiary) when you die, in exchange for your premium payments.

Not exact matches

Term life insurance with a return of premium rider allows the owner to get his or her money back at the end of the contract period.

My recommendation was to dollar cost average $ 94,839 annually out of his investment portfolio that was earning 1 percent in short - term treasuries, 5 percent in bonds, and -20 percent to +20 percent in the stock market into a life insurance contract to control a potential $ 4 million life insurance benefit.

If you're not familiar a term life insurance policy is a contract that pays a specific amount of money upon the policy - holder's death.

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.

In the case of insurance policies, they can provide additional coverage or change the terms of the standard contract to expand what your term life insurance covers.

Term life insurance is defined as a contract between the owner of the policy and the insurer, for a policy on the life of the insured, whereupon the insured's death, the insurer pays a lump sum death benefit to the beneficiary.

In exchange, the insurance company will pay an income that can last for a specific period or for life, depending on the terms of the contract.

Term life insurance simply means that the contract is for a defined period of time.

Universal Life Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one contrLife Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one contrlife insurance that combines term life insurance and an investment feature into one insurance that combines term life insurance and an investment feature into one contrlife insurance and an investment feature into one insurance and an investment feature into one contract.

This term also refers to the settlement of a life insurance policy under the contract's annuity options.

If a policy with no cash surrender value is sold (for example a term life insurance contract), the policy premiums would have largely covered just the cost of insurance, so that the proceeds received from the sale of the policy would all be capital gains.

But here's the good news: Despite the seeming complexity, there are major similarities between certain types of life insurance contracts: term insurance typically works the same from company to company, and so do different types of permanent or cash value policies.

And here's the bottom line: all life insurance policies promise to pay an agreed - upon sum of money should you die while your policy is in - force (that is, while you're paying your premiums on time and while you're still operating within the terms of your contract).

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.

If you're trying to decide whether to buy a cash value life insurance contract, or «buy term life insurance and invest the difference,» then this investment software will estimate the amount of money you'll have left (after paying life insurance costs) annually after a certain time horizon.

A life insurance policy, is the legal contract that contains the terms and limitations of your policy.

For the uninitiated, an annuity is a long - term contract between an individual and an insurance company which guarantees that in exchange for a lump - sum premium or a series of premiums the insurance company will guarantee an income stream that can last for a certain number of years — or even for an entire life.

Let's figure out if your insurance company owes you money for something they didn't live up to in terms of your insurance contract.

22 The right under sections 1 and 3 to equal treatment with respect to services and to contract on equal terms, without discrimination because of age, sex, marital status, family status or disability, is not infringed where a contract of automobile, life, accident or sickness or disability insurance or a contract of group insurance between an insurer and an association or person other than an employer, or a life annuity, differentiates or makes a distinction, exclusion or preference on reasonable and bona fide grounds because of age, sex, marital status, family status or disability.

A form of term life insurance that offers a guarantee of future insurability for a set period of years, although premiums are paid every year on the basis of a one - year contract.

Affordable standard term life insurance policies offer the security of a death benefit throughout the life of the contract.

The terms of the contract are spelled out in the life insurance policy which you will receive when your application is approved.

The main disadvantage of the term life insurance policy is that it expires on the date that is set in the contract.

But let's say you're age 47 today and are considering the purchase of a 20 year term life insurance contract with ING for $ 500,000.

The coverage amount will also be level for the entire term life of the insurance contract.

Term life insurance is also known as temporary life insurance because it is a contract purchased for a specific premium to provide coverage for a specific number of years.

This term also refers to the settlement of a life insurance policy under the contract's annuity options.

Life — Endowment - insurance that pays the same benefit amount should the insured die during the term of the contract, or if the insured survives to the end of the specified coverage term or age.

However, in comparison with Permanent Life Insurance rates, the premiums under Renewable Term Insurance contracts, especially in early years of coverage, are relatively low.

First of all, if a person contracts a terminal illness during their life insurance term, but does not die before their life insurance term expires, they will be left with a terminal illness and no insurance.

While there are many styles of term insurance, a term life insurance policy is generally a contract that furnishes life insurance protection for a limited time described in the policy.

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.

The type of life insurance most commonly taken out in a divorce scenario is a term life insurance contract.

Like any other type of life insurance, term life insurance represents a legal contract between the owner of the policy and the insurance company, and like any type of contract, it has a language of its own.

In the case of insurance policies, they can provide additional coverage or change the terms of the standard contract to expand what your term life insurance covers.

You pay premiums to an insurance carrier for the duration of the contract, much like term life insurance.

As life insurance plans are considered to be legal contracts, the terms that are found within these contracts will essentially outline the limitations of the particular events that are insured.

Term - life is a relatively cheap type of insurance policy that provides coverage for a set period of time, either a contracted number of years or to a named age.

Conversion Option - Plans are convertible to permanent life insurance without evidence of insurability prior to the final five years of the end of the contract term.

Term life insurance, as the name suggests, provides coverage for a term, usually a contracted period of tTerm life insurance, as the name suggests, provides coverage for a term, usually a contracted period of tterm, usually a contracted period of time.

The defining feature of this form of term life insurance is that the premiums paid over the life of the policy are paid back to policyholders at the end of their contracts if they are still alive.

In legal terms, life insurance is a contract between a policy owner and insurer, wherein the latter agrees to reimburse the occurrence of the insured individual's death or other event such as terminal illness or critical illness.

Universal Life Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one contrLife Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one Insurance: A type of permanent life insurance that combines term life insurance and an investment feature into one contrlife insurance that combines term life insurance and an investment feature into one insurance that combines term life insurance and an investment feature into one contrlife insurance and an investment feature into one insurance and an investment feature into one contract.

These policies combine the benefits of an annuity or life insurance agreement with a traditional long - term care contract.

-- The term «reportable death benefits» means amounts paid by reason of the death of the insured under a life insurance contract that has been transferred in a reportable policy sale.».

Plans are convertible to permanent life insurance without evidence of insurability prior to the final five years of the end of the contract term.

Annually renewable term life insurance involves one - year contracts, with premiums calculated according to the age and health of policyholders.