Sentences with phrase «types of death insurance»

There are many different types of death insurance policies available, and you will want funeral coverage that is suitable to your individual situation.

Not exact matches

However, permanent life insurance solutions that focus on providing lifetime guaranteed death benefits, such as these, are typically less expensive than other types of permanent life insurance that emphasize savings opportunities.

Universal life insurance is a flexible type of permanent life insurance policy in which the death benefit and premiums can be adjusted as your circumstances change.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

Supersports have the highest death rate and worst overall insurance losses among all types of motorcycles, new analyses by IIHS and HLDI reveal.

The property settlement agreement should specify the policy death benefit amount, the type of life insurance policy, what the policy is intended to secure, and who make the premium payments.

Whole Life Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witInsurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witinsurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witinsurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawals.

Final expense insurance is a type of life insurance that is designed to cover funeral costs and other end - of - life expenses, though the death benefit technically can be used for any purpose.

Term life insurance is a type of life insurance that only pays out a death benefit if the policyholder dies within the term of the policy.

No matter what type of life insurance policy you choose, the basic goal is to help your loved pay for their immediate financial needs and other costs in the event of your death.

While death benefits are often designated for funeral expenses and income replacement, life insurance is a very flexible type of coverage that can be used in numerous ways.

Investment - grade is the type of life insurance that is optimized for death benefit performance, in contrast to high cash value life insurance.

Simply put, second to die or survivorship life insurance differs from all the other types of life insurance because it insures the lives of two people AND only pays a death benefit upon the death of the last survivor.

Single - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of your life.

This type of policy has a number of benefits as a life insurance solution, and can be used as a savings and investment tool in addition to providing death benefits to your beneficiaries.

If you are considering permanent life insurance — such as whole life, universal life, or variable life insurance — you probably know that these types of policies provide both death benefits and cash value accumulation.

Cash value life insurance refers to a type of life insurance that, in addition to paying out a death benefit to your beneficiary or beneficiaries upon your death, accumulates cash value inside the policy while you are alive, that you can use for whatever you please.

The lack of any type of life insurance coverage at all could leave them completely exposed financially in the event of your death.

This type of permanent life insurance policy offers death benefit coverage with the potential to accumulate cash value.

When purchasing life insurance coverage, it is important to determine what type of policy — as well as how much in death benefit (face amount)-- will be right for you and your survivors.

The two types of permanent life insurance with an increasing death benefit are participating whole life insurance and universal life (UL) insurance.

With both of these types of insurance, premiums, interest rates and even your death benefits can be subject to the whims of the markets.

With both types of insurance, you can adjust your premium and your death benefit.

What may be sufficient to cover the tax liability today may not be enough down the road, which is why a specific type of permanent life insurance with an increasing death benefit is necessary.

As perhaps one of the most popular types of permanent life insurance, whole life, also known as ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insured.

This type of universal life insurance focuses LESS than other types of permanent life insurance on cash value accumulation and MORE on securing a permanent death benefit.

Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum death benefit.

There are different types of life insurance policies available, ranging from term life insurance, which is pure death insurance, to traditional dividend paying whole life insurance, which provides cash value growth in the policy.

Depending on the type of permanent life insurance, you can change your premium payment and death benefit.

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.

Whole Life Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the deathInsurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the deathinsurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benefit.

It is the type of insurance that protects your family, dependant or named beneficiary against the loss which might arise as a result of the death of the insured.

The types of life insurance that are offered by Assurity Life Insurance Company include term life, whole life, and universal life coverage, as well as accidental death and dismemberment insurance that are offered by Assurity Life Insurance Company include term life, whole life, and universal life coverage, as well as accidental death and dismemberment Insurance Company include term life, whole life, and universal life coverage, as well as accidental death and dismemberment coverage.

This type of life insurance is cheaper than conventional coverage and may be preferred if the surviving spouse does NOT need the life insurance death benefit proceeds.

If cash value life insurance is being used, the cash value can be used to repay the loan depending upon the type of policy as can a portion of the death benefit.

Variable Universal Life Insurance is a type of permanent life insurance which provides a death benefit in exchange for flexible Insurance is a type of permanent life insurance which provides a death benefit in exchange for flexible insurance which provides a death benefit in exchange for flexible premiums.

This type of universal life insurance generally offers the greatest death benefits relative to premium dollars spent of cash value policies.

This type of insurance is usually purchased by people who are looking for permanent coverage with a significant death benefit who are not that concerned with building up early cash value.

Variable Universal Life insurance is a type of permanent life insurance which provides a death benefit in exchange for flexible premiums.

It is also superior to other types of permanent life insurance where the death benefit remains the same and never has a chance to grow with you.

We can also show you how the quoting process works, and give more focus on the details such as what type of life insurance policy is right for you, how much death benefit coverage you need for your survivors and their needs, and which of the many available life insurance carriers will be able to serve you best.

This type of life insurance policy allows those with disposable cash to pay a lump sum into a life policy for a death benefit that will be paid up until the insured dies.

A type of permanent life insurance designed to cover the expenses related to the death of the insured, such as funeral costs, medical expenses or legal fees.

All types of life insurance policies provide a death benefit to the beneficiaries; most of which are tax - free.

Whole life insurance policies (a type of permanent insurance) build cash value in addition to providing a death benefit.

This type of policy repays an outstanding mortgage balance upon the death of the person who took out the insurance policy.

Term Insurance: This type of policy guarantees the sum assured in case of death of the insured during the term of the policy.

Whole life insurance — a type of permanent policy — may be an option for people looking for a death benefit in addition to cash value that can be accessed while they are living.

With variable life insurance, you receive the same death protection as with other types of permanent life insurance, but you are given control over how your cash value is invested.

As with other types of guaranteed whole life insurance, you pay level premiums and receive a level death benefit.