Sentences with phrase «whole purpose of insurance»

Many contingencies you can't possibly save enough for, and that's the whole purpose of insurance.

This plan defeats the whole purpose of insurance.

Not exact matches

Uh yes, that is the whole purpose of health insurance, to cover me if I get a disease.

In a nutshell, while most whole life insurance is fixated on maximizing the death benefit of a policy and just allowing cash values to grow over time, strategic self banking focuses on maximizing life insurance cash values, so the whole life insurance plan can be used strategically as a savings and personal financing vehicle for the purpose of recapturing your cost of capital incurred when having to deal with third party lenders or using your own cash.

For purposes of this article, allow me to suggest that the conventional wisdom about dividend paying mutual whole life insurance believes that there are essentially two noses if you understand the point... this is a matter of flawed perception.

In my opinion, buying downside protection insurance when you pre-buy home heating oil defeats the whole purpose of pre-buying your oil.

This question goes to the core purpose of the infinite banking concept and why this strategy makes sense as opposed to utilizing a traditional whole life insurance model.

So, don't you think the whole purpose of having an insurance coverage is defeated here.

This would defeat the whole purpose of purchasing a life insurance policy in the first place.

make payments towards the cost of elementary or secondary education that a person receives outside Ontario, if the person is outside Ontario for the purpose of receiving insured services within the meaning of the Health Insurance Act and the cost of the insured services is paid for in whole or in part by the Ontario Health Insurance Plan.

The purpose of the insurance industry — and the legal system — is to make people in your position whole again.

The whole purpose of life insurance is to provide money to your loved ones in the event of your untimely death.

The whole purpose of purchasing Term life insurance is replace your income if you meet your demise.

The whole purpose of life insurance is to provide peace of mind to you and a secure stream of income to your loved ones.

Thus, a whole life insurance policy leverages a portion of your financial resources for the sole purposes of providing a legacy to your beneficiaries, while still maintaining control of your assets.

They are «ballpark» numbers assembled from 3 of our top whole life insurance company rates, and are for illustration purposes only.

The purpose of this insurance policy is for you to be made whole financially if he were to die too young.

After all, the purpose of insurance is to protect you against big losses, not to make you whole to the last dollar.

WORST COMPANY EVER!!!!! The whole purpose of travel insurance is in case something unforsean happens... well that's what happened to us and your company found in small print on the last page of a 21 page document reason to screw us!!!!! We needed to change flights due to the fact the person we were going to see went into the hospital.

Other types of policies, such as a whole life insurance policy, may be used for death benefits, establishing a legacy and more, but a 10 year term policy often is purchased with a very specific purpose in mind.

Whole life insurance can be used for a variety of purposes, including helping to pay off funeral expenses, mortgages, and other outstanding debts in the event of premature death; helping to pay estate expenses, including estate taxes; retirement funding; providing a valuable employee benefit; and charitable giving.

On the whole, New Jersey boat insurance is fairly inexpensive, depending on the purpose and size of your boat, the types of safety equipment on board, and whether the owner / driver has proper safety training.

However, if you need life insurance for such things as estate purposes, inheritance taxes, business reasons, or to set up a trust or donate to a charity, then you might be better advised to look at some other form of permanent insurance plan such as whole life or a universal life insurance policy.

Final expense insurance definition: a small whole life insurance policy ranging from $ 5,000 to $ 25,000 where the primary purpose of the lump sum death benefit payout is to cover burial expenses, such as a grave marker and cemetery plot, and other final expenses, such as any outstanding debts that are not forgivable upon death.

Finally, the EstateWise Single Premium Whole Life is a product made especially for those who choose to leverage funds they have now with a one time payment into a life insurance product for the purpose of passing along tax advantaged cash to their heirs in the simplest way possible.

They are estimates developed internally at Huntley Wealth & Insurance Services for illustrative purposes only, which we believe reflect current whole life and term rates from some of the top life insurance carriers iInsurance Services for illustrative purposes only, which we believe reflect current whole life and term rates from some of the top life insurance carriers iinsurance carriers in the US.

Whole life insurance for the mere purpose of a «forced savings plan» allows the policy holder to have the safety net, with a fixed rate of return.

Our goal is that this guide will offer you some insight about what to look for when shopping whole life insurance companies for the purpose of obtaining a superior tax advantaged asset and noting those companies that tend to outshine the others.

This defeats the whole purpose of buying life insurance, which is why renewing your insurance policy before it lapses is very important.

The death benefit of a whole life insurance policy can be received tax free by the beneficiaries, and for this reason whole life insurance is used for estate planning purposes as well as providing income for beneficiaries after the insured passes away.

The whole purpose of buying a health insurance is defeated if you are unable to benefit from it in your 60s and 70s, the age band when you require medical aid the most.

Any health insurance company tend to exclude pre-existing conditions which defeat the whole purpose of buying a health insurance.

So prior to buying term or whole life insurance it is advisable to precisely understand both types of insurance and also keep in mind your age and the purpose of purchasing the insurance.

Which insurance to buy can be answered by considering factors such as age and purpose (of buying the insurance) Someone as young as 25 should opt for a term plan and convert it into a whole life insurance to save on the premiums in the early years of life.

For purposes of this article, allow me to suggest that the conventional wisdom about dividend paying mutual whole life insurance believes that there are essentially two noses if you understand the point... this is a matter of flawed perception.

There are several forms of insurance policies such as Child Insurance plan, Retirement plan, Term Life Insurance, Whole Life Insurance and you can use the same for different insurance policies such as Child Insurance plan, Retirement plan, Term Life Insurance, Whole Life Insurance and you can use the same for different Insurance plan, Retirement plan, Term Life Insurance, Whole Life Insurance and you can use the same for different Insurance, Whole Life Insurance and you can use the same for different Insurance and you can use the same for different purposes.

This is why retirement planning with whole life insurance, or more specifically, designing a retirement plan that includes a type of cash value life insurance known as dividend paying whole life insurance for a unique purpose is an important part of any complete retirement plan.

For insurance purposes, accumulated value begins to build when the policyholder of a whole (or universal) life insurance policy starts paying a monthly premium.

Cash value is composed of a fraction of your premiums that have been invested by the insurance company into financial undertakings that can be given back to you when you withdraw it for some other purpose or, in case of whole life insurance, as a lump sum when you opt to cash in on your policy.

While many financial advisers remain steadfast against using life insurance for investment purposes, claiming the returns, historically, have been extremely weak compared to mutual funds and other investments, the fact remains the cash value of most whole life insurance policies grows over time.

The purpose of cash value life insurance is to offer long - term coverage for the insured person's whole life.

Final Expense Insurance DEFINITION: cash value whole life insurance taken out on the life of the insured with the sole purpose of paying off any final Insurance DEFINITION: cash value whole life insurance taken out on the life of the insured with the sole purpose of paying off any final insurance taken out on the life of the insured with the sole purpose of paying off any final expenses.

For that purpose, some type of whole, also called permanent, life insurance is a better choice and shows a much higher return on your investment.

The purpose of the insurance is no longer to make someone whole upon a loss, but rather to enrich someone with no other interest in the insured other than investment and profit.