Sentences with phrase «typical life insurance situation»
In a typical life insurance situation, your age, your health, and your lifestyle are big determinants of how long you are likely to live — and when they are all combined, these criteria can help the life insurance company to predict whether it may need to pay out a death benefit claim while you are insured.
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Although the dollar maximums of a typical employee group Life or Long Term Disability insurance plan may sound generous, in most situations these limits are far better suited to the needs of lower income employees, not those of a lawyer.
In that case, you might want to insure yourself for your entire life, as opposed to a typical situation where parents stop insurance coverage when their children finish college.
The role life insurance plays in your financial plan depends on your unique situation, but the typical amount of life insurance that is recommended is 10 - 20 times your annual salary.
In a typical situation, your highest need for life insurance ranges from early 20s until late 50s.