Sentences with phrase «use of a term life policy»

The most common use of a term life policy is to provide for financial responsibilities following death such as debt, mortgage payments, or dependent care.

Not exact matches

If you do not indicate that you have a long term care policy, plan to purchase an annuity or long term care policy to cover long term care, plan to use home equity or a family member to help care for you, or predict that you will not ever need long term care, then the system will apply costs to the last 3 years of your life.

Riders are policy add - ons and can be used to adjust the term of a life insurance policies.

Reynolds answered that consumers want flexibility and choice, and a life policy they can also use for long - term care and other types of coverage.

Some dental malocclusions have been found more commonly among pacifier users than nonusers, but the differences generally disappeared after pacifier cessation.284 In its policy statement on oral habits, the American Academy of Pediatric Dentistry states that nonnutritive sucking behaviors (ie, fingers or pacifiers) are considered normal for infants and young children and that, in general, sucking habits in children to the age of 3 years are unlikely to cause any long - term problems.285 There is an approximate 1.2 - to 2-fold increased risk of otitis media associated with pacifier use, particularly between 2 and 3 years of age.286, 287 The incidence of otitis media is generally lower in the first year of life, especially the first 6 months, when the risk of SIDS is the highest.288, — , 293 However, pacifier use, once established, may persist beyond 6 months, thus increasing the risk of otitis media.

«Water quality is of great concern to California's Tribal governments not only for personal consumption, but also for the long term health and restoration of cultural habitats for traditional plants and animal life, ecosystems for healthy fish population, and access to traditional plants for food and ceremonial use,» adds Anecita Agustinez, a Tribal Policy Advisor at California's Department of Water Resources.

SITE WIDE TERMS AND CONDITIONS Your use of and / or visitation to the Web site signifies your agreement to FLO Living's Terms of Use and FLO Living's Privacy PoTERMS AND CONDITIONS Your use of and / or visitation to the Web site signifies your agreement to FLO Living's Terms of Use and FLO Living's Privacy Poliuse of and / or visitation to the Web site signifies your agreement to FLO Living's Terms of Use and FLO Living's Privacy PoTerms of Use and FLO Living's Privacy PoliUse and FLO Living's Privacy Policy.

As an added benefit, the life insurance death benefit of the new hybrid policy would pay off her mortgage if she passed away, assuming she didn't use the policy for long - term care.

Although the death benefit of a term life insurance policy can be used any way the beneficiary chooses, the funds are commonly used for:

Now that you know the sort of information used to determine term life insurance quotes, you may be worried about finding an affordable policy if you:

For purposes of this post, it just needs to be understood that we can bridge the deficiency of not having enough coverage in our banking policy with a term rider, which can be used to add convertible term life insurance (which results in an increase to the death benefit).

Through the use of a term rider, you can add a larger paid - up additions rider to help increase the growth of your whole life policy's cash value.

A term life policy has lower premiums than a cash value poilcy of the same amount; however, it does not build up cash values that can be used in the future.

Using a venerable actuarial tool called the Linton Yield Method, these returns are derived by comparing the cash value policy to the alternative of buying lower premium term life insurance and investing the premium savings in a hypothetical alternative investment, such as a bank account or a mutual fund.

The term «proceeds and avails», in reference to policies of life insurance, includes death benefits, accelerated payments of the death benefit or accelerated payment of a special surrender value, cash surrender and loan values, premiums waived, and dividends, whether used in reduction of premiums or in whatever manner used or applied, except where the debtor has, after issuance of the policy, elected to receive the dividends in cash.

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.

They are hands down the best insurance company for low prices on a term life policy and you'll often find career agents with Northwestern Mutual, New York Life, or Mass Mutual using Banner as their term life product of choice when writing business outside of their core companlife policy and you'll often find career agents with Northwestern Mutual, New York Life, or Mass Mutual using Banner as their term life product of choice when writing business outside of their core companLife, or Mass Mutual using Banner as their term life product of choice when writing business outside of their core companlife product of choice when writing business outside of their core companies.

But you may be able to achieve all of your financial objectives using a 30 year term life insurance policy, and spend a whole lot less money in the process.

The policy can be used to provide coverage for a limited time like term insurance or permanently, until the death of the insured, like whole life.

No medical life insurance is a blanket term used to refer to several types of life insurance policies that don't require the recipient to complete a medical exam prior to obtaining coverage.

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This information is then used to compare end - of - year market values of the regular (alternative) investment (less annual term costs) vs. the annual cash values in the whole life insurance policy.

One exception to the unfavorability of term life insurance for executive bonus plans if is the employee has accumulated a large estate and it is advantageous to use the policy to fund an irrevocable life insurance trust.

While initial premiums are higher than with a typical term policy, it is possible for coverage to continue until death of the insured, and cash value may accrue in the policy on a tax - deferred basis that can be used to help meet financial needs during your life.

The life insurance companies also offer solutions such as chronic illness riders AND long term care riders, which allow a portion of the policy death benefit to be used for long term care costs while also preserving a portion of the death benefit coverage.

When permanent cash value life insurance is used for an executive bonus plan, as opposed to term life insurance, the accruing cash value of the policy can offer an additional incentive to the employee (know the difference between term life vs whole life).

For those that plan properly, they can purchase a very small amount of whole life, and use paid - additions to grow the cash value very quickly (as early as the first year), AND they can use term insurance (preferably as a policy rider) to supplement their overall family protection along the way.

Depending upon the severity of his asthma, tobacco use, and if there are any other issues that the underwriters may consider a risk, the chart below can be used as an estimate of his monthly payments were he to buy a 30 - year, $ 150,000 term life insurance policy.

«We are aware of the situation and have taken steps to invalidate the codes obtained illegitimately... Our Policy and Enforcement team is evaluating whether or not certain individuals have violated the Terms of Use for Xbox Live and will take the appropriate enforcement on an individual basis.»

The statement continued: «We take safety and security very seriously and require that Xbox LIVE members use the service in compliance with applicable laws and specifically prohibit people from engaging in illegal activity as a part of our Terms of Use and Code of Conduct... Our Policy and Enforcement team is evaluating whether or not certain individuals have violated the Terms of Use for Xbox LIVE and will take the appropriate enforcement on an individual basis.&raquse the service in compliance with applicable laws and specifically prohibit people from engaging in illegal activity as a part of our Terms of Use and Code of Conduct... Our Policy and Enforcement team is evaluating whether or not certain individuals have violated the Terms of Use for Xbox LIVE and will take the appropriate enforcement on an individual basis.&raqUse and Code of Conduct... Our Policy and Enforcement team is evaluating whether or not certain individuals have violated the Terms of Use for Xbox LIVE and will take the appropriate enforcement on an individual basis.&raqUse for Xbox LIVE and will take the appropriate enforcement on an individual basis.»

George Monbiot is launching a project seeking new framings for the protection of the nature, «prompted by the miserable, uninspiring state of the language of conservation» and policy - making: ««Environment» is a term that creates no pictures in the mind, which is why I have begun to use «natural world» or «living planet» instead.»

After becoming fed up with the childish and dangerous tactics of alarmists, particularly the use of the term «climate denier,» Spencer said that the «global - warming Nazis» were in fact threatening millions of lives — especially among the poor — with their «pseudo-scientific ramblings» and support for fascist - style «radical policies» supposedly aimed at combating «global warming.»

The court also rejected the defendant's use of the 1976 amendment to the policy and the parol evidence rule to demonstrate an underwriting purpose for the disputed terms to avoid the stacking of income benefits, because the benefits were for impairments to the activities in daily living and not income replacement alone,

The cut - offs used by life insurance companies vary by age and different type of term policy.

The following term life insurance quotes are what John could pay, depending on the length of the policy, his health class, and his tobacco use.

Generally these can be taken under one of three possible non-forfeiture options: (1) surrender for full cash value; (2) use of the cash value to purchase reduced paid - up life insurance; and (3) use of the cash value to purchase extended term insurance in the full face amount of the original policy for as long as the cash value will pay net premiums.

(Please note most people use some sort of permanent policy for estate planning needs, rather than term life insurance).

Since the Smiths would be able to qualify for term life insurance and since they still have some more room to save in various tax free investment accounts, such as Cindy getting a Roth IRA, and using a 529 account for college savings, the added cost of whole life policy probably does not justify the increased cost.

A Mortgage Protection Life Insurance policy or Mortgage Term policy helps guarantee your family or loved ones a TAX FREE benefit in the event of your death that they may use to:

Buying term and invest the difference means you will use an amount equivalent to what it will cost to purchase a permanent life insurance plan, and then compare this to the expense of a term policy for a similar face amount covering the time period it is required.

Term policies are usually what I refer to as «cookie cutter» clones of one another where just the premium will be higher or lower than one another depending on the life insurance company being used.

If you use Marijuana and are looking for life insurance, choosing the right life insurance company becomes extremely important and can save you thousands of dollars over the term of your policy.

Riders are policy add - ons and can be used to adjust the term of a life insurance policies.

Their premiums are often lump - sum payments and significantly higher, especially early in, than that of a term life policy, but because once the investment has been made, it is made, they can be used as security for loans and leveraged in a variety of ways to free up liquid capital, and their cash value is tax deferred.

June was able to sell her life insurance policy and use the cash payment of $ 65,500 to continue paying premiums on the long term care policy.

The Economic Whole Life policies are essentially a blending of Participating Whole Life Insurance policies and Term Life Insurance policies due to the fact that the dividends are used to provide additional benefits within Term Life Insurance.

When a customer balks at a quote for cash - value life, agents will use a technique called blending to substitute (or blend in) convertible term life for a portion of the permanent life policy.

A term life insurance policy is affordable protection and the money paid out as proceeds can be used to pay for an outstanding mortgage, college tuitions for the kids, or to help a family maintain the standard of living they have enjoyed.

The policy can be used to provide coverage for a limited time like term insurance or permanently, until the death of the insured, like whole life.

This convertible term insurance can be made of use when the person insured is still at a young age where the insurance could still cater for small expense and premature death but as time comes everyone gets older, this convertible term insurance might not be enough to cater the long term needs of the insured so it is of best interest that the policy holder should convert their policy to a more permanent type of insurance such as Universal Life.