Sentences with phrase «than death benefit»

Waco, Texas - based Life Partners is in the so - called life - settlement market, where insured individuals sell their life - insurance policies for less than the death benefit.

With West Coast it was still substantially less than the death benefit.

Gosh, if you got it through AARP you might have paid 3 times more than the death benefit, but the point is that charging customers for anything after age 100 is just stupid.

Now of course, if she dies earlier than that, her total payments might be less than the death benefit.

With a viatical settlement, you purchase the policy (or part of it) at a price that is less than the death benefit of the policy.

For those very few that pay more than the death benefit, it's truly like the company saying, «We gotcha».

Posted in customer service, death benefit, honesty, insurance, insurance quotes, life insurance, term insurance, whole life Tagged bad life insurance underwriting, buy from wrong life insurance company, insurance, life insurance, life insurance budget, life insurance needs, more emphasis on name of company than death benefit, NW Mutual, poorly trained life insurance agent, prestigious life insurance, processing a life insurance claim, whole life versus term

Posted in estate taxes, insurance, life insurance, term insurance, universal life Tagged Colorado, death benefit, guaranteed issue life insurance, income tax free, insurance, life insurance, life insurance contract, New York Life, overpaying for benefit, premiums paid more than death benefit, term life insurance, trust owned policy, universal life 4 Responses

Certainly, financial gurus like Dave Ramsey and Suze Orman are against life insurance for any reason other than a death benefit, but remember, while speaking out against most life insurance products, they are -LSB-...]

You'll receive an amount that's greater than the policy's cash value, but less than the death benefit.

Assuming the same LTC benefit, the death benefit on a life hybrid product would likely be higher than a death benefit on a linked - benefit product.

Typically this means you would capture a settlement of more than your cash value and less than your death benefit.

However, the cash value and the death benefit are not linked, as they are in a whole life policy, Thus, if the insured lives to the maturity date, anywhere from 95 to 121, the policy will pay the cash value to the insured as an endowment, but this may be significantly lower than the death benefit.

After all, if you lived just 10 years, you would have already paid more premiums into the policy than the death benefit is worth.

As long as you don't «over commit» by purchasing a life insurance policy that you can't afford, you'll rarely reach the point of paying more into the policy than the death benefit received.

This is a big reason why we urge our clients to focus on affordability rather than the death benefit.

If the ACI benefit has already been paid, than the death benefit minus the amount of Accelerated Critical Illness benefit already paid will be paid out to the beneficiary of the policy.

With a viatical settlement, you purchase the whole policy (or at least part of it) for a price that is less than the death benefit of the policy.

If Surrender Value is higher than the Death Benefit then the Surrender Value will be paid on death of the Life Assured.

So, well before my 82nd birthday I will have paid more than my death benefit to New York Life and if I die they don't give me the larger of the two numbers.

Life settlement investors buy life insurance policies for more than their surrender value but less than the death benefit of the policies, a strategy known as viatical settlement.

I know that if I live to be 99, I will have paid a certain amount to the insurance company for a death benefit of AT LEAST a certain amount, and I know that I will not have paid more in than I get out (I am dealing with my dad's whole life insurance policies that he has where he would have to pay more for the premium to keep the policy going than the death benefit is worth [he would end up paying $ 250K in premiums for a $ 175K death benefit if he lived long enough]-RRB-.

The thinking goes that after a long enough period of time, this investment will add up to a higher value than the cash value on a whole life policy, and over a really long time will grow to be larger than the death benefit.

If the insured person lives more than about 10 years, usually the premiums paid will be more than the death benefit.

You may have always wished that you gain more perks from your term insurance policy (other than death benefit).

If you simply bring it up in terms of planning for you and your spouse's future, or elder members of your family that might require expensive care, you can speak about life insurance as a planning tool rather than a death benefit.

Similar to the sale of your life insurance policy, viatical settlements, or life settlements, refer to the sale of your insurance policy to a third - party for more than the cash surrender value but less than the death benefit (based on life expectancy).

In situations where permanent insurance is no longer needed — whether because the individual accumulated enough wealth than the death benefit protection is simply no longer necessary, or perhaps because the insurance was intended to provide liquidity for estate tax exposure that is simply no longer relevant at the newly permanent and portable inflation - adjusting $ 5.25 M estate tax exemption — the default decision is often to cancel the coverage.

A viatical settlement happens when someone sells their policy for more than their current cash value, but less than the death benefit payout.

The truth is life insurance can offer much more than death benefit protection.

However I am very interested in the cash value part more than the death benefit.

Life insurance is more than a death benefit.

With these important riders now available, term insurance can be more than a death benefit.

We definitely have some good options when it comes to a participating whole life policy with PUA or Additional Life Insurance riders to help build high cash value rather than death benefit.

Now, if I borrow 10K from that 40K Cash Value, my death benefit will be 10K (+ interest) LESS than my death benefit.

If the cash value is lower than the death benefit, which it is often is, does that mean that you are only protected up to the Cash Value and not the entire death benefit amount?

If you want more than a death benefit from your life insurance policy and like the idea of a long - term savings account (not insured by any federal agency) or investment, you might consider cash value life insurance such as whole life insurance, universal life or variable life.

So much so that more financial consumers say they would rather leave behind family photos (54 %) than a death benefit from a life... more

A conventional Term or Universal life insurance policy has no provisions for lump sum payment for anything other than the death benefit.

The amount received from selling a policy will always be greater than the cash surrender value and less than the death benefit value.

The insurance company will never receive premiums that are equal to or greater than the death benefit.

But whole life insurance is so much more than a death benefit.

In a life insurance cash settlement, a company will purchase your life insurance policy for a greater amount than the policy's cash value but less money than the death benefit.

If kept long enough, the premium on this policy will increase faster than the death benefit.

Over time, the savings component provided by the policy grows and the death benefit shrinks; if the policyholder dies after the cash value of the policy is fully realized, the entire amount paid comes from the cash value rather than the death benefit.

More than a death benefit, life insurance could represent a lifetime of security and care for their son, as long as he lives.

Because the amount you were paid for the policy is less than the death benefit, and premium payments continue, the buyer profits.

Further, a properly structured participating whole life policy will focus more on cash accumulation than death benefit, which allows for lower premiums and fees, and quicker cash accumulation.

Because they buy it for less than the death benefit, (but more than your cash value), before receiving the death benefit after you pass away.

All permanent life insurance policies provide a cash value feature that grows tax - deferred, but the cash value is different than the death benefit, or face value of the policy.