Sentences with phrase «traditional life insurance policy for»

So, an AD&D a viable alternative if and when you are unable to get a traditional life insurance policy for whatever reason (and there are many things that do keep people from getting approved).

Another downside is price — you'll be paying more than a traditional life insurance policy for these added benefits.

Not exact matches

Another thing you are paying a higher premium for when you buy a traditional whole life insurance policy is consistency.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

If you want final expense insurance and are unable to qualify for traditional coverage, simplified issue whole life insurance will be less expensive than a guaranteed acceptance policy.

This may give you greater potential for growth compared to traditional universal life policies, where the interest rate is declared by the insurance company, particularly in a low - interest rate environment.

If you want final expense insurance and are unable to qualify for traditional coverage, simplified issue whole life insurance will be less expensive than a guaranteed acceptance policy.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

Opting for ROP or return of premium will come with added costs over a traditional affordable term life insurance policy.

Choices for key person insurance could then range from a simple term life policy to an indexed universal life policy (IUL) to a more traditional whole life policy (cash value life insurance).

A IUL policy may therefore be used in a similar fashion to a traditional whole life insurance policy for providing a ready source of available business capital.

While guaranteed issue life insurance is ideal for people whose health disqualifies them from coverage under a more traditional policy, don't assume this is the case in your situation.

Like a traditional Whole Life Insurance policy, a Child Life policy also builds cash value, and can be accessed in the future for expenses like school tuition, buying a new house, a vehicle, etc..

For this reason, monthly premium costs are often much lower than traditional term life or whole life insurance policies.

You're entitled to go fishing (for eligibility requirements): A traditional fully underwritten whole life or universal life policy gives you coverage for life, pays out the insurance benefit upon your death and includes an investment component of accumulated cash value.

As with a traditional term life insurance policy, the premiums you pay are guaranteed to stay level for the entire term of your policy.

Even with some pre-conditions, you can apply for a «rated» traditional life insurance policy (typically more expensive than standard life insurance).

In reality, most people who are seriously considering a guaranteed universal life policy for securing a permanent death benefit should probably forget about the other types of universal life insurance and focus on a comparison with traditional whole life insurance.

If you are healthy and expect to live for many years to come, then a traditional life insurance policy could be your best bet, but if you are in bad health, then a burial insurance plan that you can not be denied will be a better option.

Those applicants that are turned down for traditional term life insurance can still get coverage in a majority of cases with a guaranteed death benefit policy.

Seniors typically have no dependents that require their salary to live off of, which eliminates the need for traditional life insurance policies.

These hybrid life insurance long - term care policies are a good alternative for those who don't like the «use it or lose it» feature of traditional LTCI.

Traditional life insurance focuses on the maximum amount of death benefit for a minimum amount of premium whereas a wealth building approach tries to minimize the death benefit and maximize the amount of cash that is put to work in the policy.

Final expense insurance: These policies are for seniors with health issues who can't qualify for traditional term life insurance, but need a policy to help cover end - of - life costs and outstanding debts, Premiums are generally high and coverage amounts are limited.

For that reason, we typically recommend this type of policy only to people who can't qualify for traditional life insurance, due to poor health or questionable lifestyle habiFor that reason, we typically recommend this type of policy only to people who can't qualify for traditional life insurance, due to poor health or questionable lifestyle habifor traditional life insurance, due to poor health or questionable lifestyle habits.

Most traditional life insurance policies are designed to cover individuals, but today's married couples can also opt for joint policies.

First - to - die life insurance is much like a traditional life insurance policy, acting as a replacement for income after a spouse dies.

The other possible situation that no - exam life insurance policies are a good option is if you absolutely CA N'T be approved for a traditional policy with a medical exam.

Life insurance companies offer policies sold as Long Term Care Benefit Plans a / k / a Assurance Benefit Plans (1) to pay for long - term care, and also include home care and assisted living which are not generally covered by traditional Medicaid.

Although a permanent life insurance policy with a cash - value component will help you save for retirement, the best way to maximize your returns is to combine a term life insurance policy with a traditional savings account like a 401 (k) or an IRA.

The HECV policy is designed for executives, such as key person insurance, with significantly higher early cash value than traditional whole life policies.

If you're older and you've procrastinated on buying life insurance, you might find it hard to qualify for a traditional term or whole life insurance policy.

If you're on the older side and can't qualify for a traditional life insurance policy, but you're relatively healthy, simplified whole life may be your best bet.

Life insurance companies often reject seniors and sick people altogether for traditional term and whole life insurance policLife insurance companies often reject seniors and sick people altogether for traditional term and whole life insurance policlife insurance policies.

For this reason, there are two huge attributes to final expense policies that you will not find with traditional life insurance.

According to the Mayo Clinic, aplastic anemia may be a brief episode, or it may become chronic condition, which is why we HESITATE to say that someone who has been diagnosed with aplastic anemia will never be eligible for a traditional term or whole life insurance policy.

If you were to try to apply for traditional life insurance policies with these kinds of conditions, you wouldn't stand any remote chance of being accepted.

There is a common misconception that seniors can't get approved for a traditional life insurance plans, or that a life insurance policy will be too expensive for most people to afford.

With a traditional life insurance policy, you will need to fill out a lengthy application and schedule a medical exam to apply for a policy.

If you had an Angioplasty you might be able to qualify for a traditional life insurance policy, depending on several factors:

We can ask you several questions to determine if a final expense policy is going to be the best option, or if you should apply for a traditional life insurance policy.

Most people will not be approved for traditional life insurance policies if they are currently undergoing treatment for cancer.

Don't assume that you can't get approved for a traditional life insurance policy, because you very well might.

One of the biggest advantages to applying for no medical exam life insurance is the fact that these policies may allow someone who has an adverse health issue to obtain the coverage that they need — even if they have been turned down for traditional life insurance coverage in the past.

It is important to note that because the applicants for guaranteed issue life insurance are typically those who have health issues, the premiums for these policies are much higher than those of traditional life insurance plans.

For these clients who can't qualify for a traditional term life insurance policy, a Gerber guaranteed life insurance policy that won't require a medical exam or ask any health questions is a fantastic option to pursFor these clients who can't qualify for a traditional term life insurance policy, a Gerber guaranteed life insurance policy that won't require a medical exam or ask any health questions is a fantastic option to pursfor a traditional term life insurance policy, a Gerber guaranteed life insurance policy that won't require a medical exam or ask any health questions is a fantastic option to pursue.

Because of that, many people who do not qualify for traditional life insurance due to age or health related issues may still qualify for a no medical exam insurance policy.

For that reason, we typically recommend this type of policy only to people who can't qualify for traditional life insurance, due to poor health or questionable lifestyle habiFor that reason, we typically recommend this type of policy only to people who can't qualify for traditional life insurance, due to poor health or questionable lifestyle habifor traditional life insurance, due to poor health or questionable lifestyle habits.

For many seniors, the straightforward application process is important versus the complication forms and medical exam process of a traditional life insurance policy.

For folks currently suffering from Zolleinger - Ellison Syndrome, since traditional term and whole life insurance coverage is generally not an option, we generally recommend that our clients consider buying a final expense whole life policy where there is no health questions or medical exam required.