Sentences with phrase «total death benefit need»

If you have already accumulated assets, you can subtract the amount of those assets from your total death benefit need, assuming they are somewhat liquid and wouldn't require a large amount of effort or loss in order to gain access to cash.

While this sounds great, consider your cost per thousand for your total death benefit need, as these kinds will cost the most per thousand when compared to fully underwritten policies through a private insurance company.

If you have already accumulated assets, you can subtract the amount of those assets from your total death benefit need, assuming they are somewhat liquid and wouldn't require a large amount of effort or loss in order to gain access to cash.

Instead, an evaluation of total death benefit needed, time frame of coverage, and willingness to take on risk within the cash value account are necessary to determine which type of coverage is best - suited for an individual's specific needs.

Not exact matches

A death benefit in the first year of about 3 percent of the total death benefit may not be enough to meet the immediate needs of your family or beneficiaries, so consider your true needs before choosing this option.

Allows policyholders to access a portion of the total death benefit if the suffer a chronic illness and need the money to cover the costs of treatment.

In addition to the type, duration, and total amount of death benefit needed, there are other important considerations which will need to be counted.

An insurance company will sometimes request you list your total assets and liabilities on the application to help them evaluate, in conjunction with your income, your need for the amount of death benefit applied for.

Knowing this, realtors who are purchasing life insurance to meet the financial needs of the family should consider their total indebtedness when calculating the death benefit of their life insurance.

In fact, by purchasing term and investing the difference, most owners can save the same amount as the total death benefit by the time the term life insurance expires, negating the need for insurance coverage at all!