Sentences with phrase «upon the policy type»

The pros and cons of using life insurance for cash value accumulation also vary based upon the policy type and strategy you use.

Not exact matches

Indeed, premiums for life insurance coverage vary widely depending upon the type of policy you own.

In a statement responding to Golden Spike's announcement, a NASA spokesperson said: «This type of private sector effort is further evidence of the timeliness and wisdom of the Obama administration's overall space policy — to create an environment where commercial space companies can build upon NASA's past successes, allowing the agency to focus on the new challenges of sending humans to an asteroid and eventually Mars.»

A: How much you'll pay depends upon several factors: how much of a down payment you'll make, the kind of loan you select, term and the type of policy premium structure available.

Once you know you want to provide benefits to your family upon your passing, and you have chosen to buy a permanent life insurance policy, the next decision you need to make is which type of permanent life insurance best suits your needs.

Universal life policy returns depend upon the type of product selected and may be either guaranteed, tied to a market index OR depend upon the success of the financial markets, and investments vehicles such as mutual funds.

Depending upon the type and the amount of the policy, a beneficiary will typically have several choices regarding how the death benefit from the policy will be paid — all at once, or over time from an annuity.

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.

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 death benefit.

Remember that the types of cash value life insurance vary based upon the formula for accruing cash value within the policy but the most common variations are dividend paying whole life insurance or indexed universal life insurance.

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.

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

Two people with the same type of policy may pay different rates depending upon their age, health, gender, and lifestyle.

As with any type of home policy, your condo insurance rates will depend upon many different factors, including:

Impacts of a climate policy on coal use will depend upon the type of climate policy employed, the stringency of the policy, the future price of natural gas, the future cost and penetration of nuclear and renewable technologies, and the cost of coal - fired generation with carbon capture and storage technologies.

This type of garbage sets policy based upon fantasy.

In many ways, Final expense insurance works like any other type of life insurance policy in that a premium is paid for the coverage, and then upon the insured's death, the proceeds are paid out to a named beneficiary.

All policy types have a stated death benefit that is paid upon the death of the insured person and permanent life insurance also has a cash value which can be used during the person's lifetime.

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 death benefit.

Endowment can also refer to a type of insurance policy that pays a lump sum upon the insured's death or after a specific term.

While each type of life insurance policy has different benefits and can potentially meet your needs and goals, they both provide for your family upon your death.

Various types of mortgage life insurance policies are available, but most offer some type of fixed, guaranteed rate Your actual rate is based upon a number of underwriting criteria including your age and health, the amount of insurance and any smoking as well as hobbies or hazardous sports or avocations.

Depending upon the type and the amount of the policy, a beneficiary will typically have several choices regarding how the death benefit from the policy will be paid — all at once, or over time from an annuity.

These policies are subject to market risks and they allocate your premium amounts in equity and debt depending on the type of funds you choose ranging from equity, debt and balanced fund depending upon you risk profile.

Two people with the same type of policy may pay different rates depending upon their age, health, gender, and lifestyle.

There are several different types of life insurance that are used in key person scenarios and the right policy will ultimately depend upon the timeframe for the need of protection.

Upon getting a quote, a person can then consult with an agent to determine what type of insurance policy will best fit into the person's budget and which type of policy will provide the most amount of coverage for the individual's specific situation.

While mortgage life insurance works in much the same manner as a regular life insurance policy does, with the payout of death benefits upon death of an insured, in many instances, these types of policies will only require a minimal amount of underwriting for approval.

Also called «second - to - die» life insurance, this type of whole life policy insures two lives (typically spouses) and pays out upon the death of the second individual.

A type of financial - protection policy that provides cash to a named beneficiary upon the insured's death, which an insurance company will offer to an applicant regardless of health.

Although most life insurance policies serve the purpose of providing a benefit upon one's death, there are actually several cheap life insurance policies and their types to choose from.

Many insurance companies offer this type of incentive in an effort to compete with their competition in the insurance market, but it is not something that every insurance policy holder is entitled to receive upon renewal.

This is especially the case with term life coverage, as these types of policies have an eventual expiration date upon which coverage will need to be re-qualified for.

A type of Universal or Whole Life coverage, these policies pay a death benefit upon the death of the second of two insured people.

Both types of insurance pay a lump sum of money to the beneficiary upon the death of the policy holder.

Cash - value life insurance is a type of life insurance policy that pays out upon the policyholder's death, and also accumulates value during the policyholder's lifetime.

The cost of disability insurance is dependent upon a number factors including: occupation, income, health and the benefits and type of policy selected.

The level of coverage provided for car repairs will depend upon the type of mechanical breakdown insurance policy you actually purchase.

Return of premium (ROP) is a type of life insurance policy that returns the premiums paid for coverage if the insured party survives the policy's term, or includes a portion of the premiums paid to the beneficiary upon the death of the insured.

Critical Illness Insurance is a type of policy where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illness on a predetermined list agreed upon in the policy.

With this type of life insurance policy, the cash value can accumulate based upon a floating rate of interest — yet it will have a minimum rate guarantee.

In some cases, policyholders have a choice as to how the benefits are paid; they may receive either a lump - sum or periodic payments, depending upon the type of claim and benefit, but they are still entitled to any remaining cash value and death benefit in the policy.

Variable Universal Life (VUL) is a life insurance policy type in which the face value fluctuates depending upon the value of the dollar, securities, or other equity products supporting the policy at the time payment is due.

These types of policies offer an insurance component that pays a stated amount of proceeds upon the death of the insured.

This will be dependent upon several different factors — including the policy holder's age and gender, as well as the type of policy that is purchased and the insurance company that the plan is purchased through.

Different types of policies can be appropriate for different people depending upon their age, needs, and appetite for risk.

Also known asjoint survivor life insurance or second to die life insurance, this type of policy is typically used to pay estate taxes upon the death of the second insured.

Also known assurvivorship life insurance or joint survivor life insurance, this type of policy is typically used to pay estate taxes upon the death of the second insured.

Permanent life insurance has cash value upon surrender, offers savings you can use when accumulated, or even dividends for certain types of policies.

the policy's death benefit the type of insurance you choose Obviously, getting the lowest cost life insurance depends upon your standing within these categories.