Sentences with phrase «year term life insurance policy if»

... and even more specifically, is it possible to purchase a 30 year term life insurance policy if you are 60 — 65 years old?

Not exact matches

As the name implies, term life insurance will provide a death benefit if an individual dies within the policy's term, up to 20 years typically.

For example, if you have a 30 - year mortgage for $ 300,000, you can purchase a term life insurance policy with a matching death benefit and term length.

If, for example, you received a significant promotion and raise 5 years after purchasing term coverage, you might want to convert to a permanent life insurance policy to take advantage of the tax benefits and receive dividends.

Therefore, if you're shopping for life insurance and being pitched whole life (or currently have a whole life policy), compare the cost to a 20 or 30 year term policy, and discuss your decision with a financial planner, rather than just your insurance agent.

By purchasing a 20 year term life insurance policy during this time in your life, you can be certain your financial responsibilities will be covered if you were to pass away.

Therefore, if you are on the younger end of the age spectrum, you might want to consider purchasing something that will be in place for longer, such as a 30 year term policy or permanent life insurance policy.

For example, if you are 40 years old and want to cover your income until retirement at age 65, you can purchase a 25 - year term life insurance policy.

If you are considering purchasing a life insurance policy and you are between the ages of 18 and 49, you might want to consider purchasing a 20 year term life insurance policy.

If the insured dies within this term (10, 15, 20, 25, 30, or 35 years), the life insurance company pays a lump sum death benefit to the policy's beneficiaries.

If you have young kids at home or plan to have you kids in the near future, you'll probably want at least a 20 year term life insurance policy.

For example, if you have a 30 - year mortgage for $ 300,000, you can purchase a term life insurance policy with a matching death benefit and term length.

Term life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeTerm life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeterm, such as 10, 20, or 30 years.

So if you have a term life insurance policy with a 20 - year limit (as opposed to a permanent policy), and you've now extended your mortgage another 10 years, your life policy could end before your home is paid off.

In other words, your $ 500,000 15 year term life insurance policy will most likely not be worth $ 500,000 (in today's dollars) if something were to happen to you 15, 10, or even 1 year down the road.

Example: With an average inflation of 3 %, your $ 500,000 term life insurance policy is only worth about $ 400,000 (in today's dollars) if something were to happen to you 8 years from now.

This means another health exam, and of course your age will be a factor in determining the cost of a new insurance policy — even though term life insurance is cheaper than permanent life insurance, you'll naturally pay more for a term policy today than you would have 5, 10, or 20 years ago, and if you're above a certain age you may have trouble getting a term life policy at all.

If you're interested in a 10 - year term life insurance policy, finding out how little a policy may cost you is incredibly easy.

«He should do it as a Term - 20 policy because if all his life insurance policies are Term - 10, and his health changes in 10 years, he won't be able to get cheap coverage.»

For instance, if paying for college is a major financial concern but you're pretty sure that you won't need life insurance coverage after the kids graduate, than it might make sense to buy a term policy that'll get you through the college years.

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.

If you reach out to the private insurance market, you will find many types of policies, but the most common policy for young families is a term life insurance policy, which covers a predefined number of years and coverage amount.

For example, if we look at the cost to purchase a $ 250,000 Term 10 life insurance policy you'll see how delaying purchasing a policy by just a few years could cost you more in annual premiums.

Purchasing life insurance when you are younger and healthier guarantees you the best insurance rates for the next 20 years (if you had a 20 - year term life policy).

An accelerated underwriting life insurance policy that provides term lengths of 10 and 20 years and provides a lump sum death benefit to your beneficiary if you do not outlive the term.

American General is an excellent choice if you are in a slightly high risk life insurance situation and looking for a 25 year term life insurance policy.

For example, if you only need to carry a high level of life insurance for 10 years, yet you want to carry life insurance for your whole life, they may suggest taking a 10 year term for the portion of money you think you need for that limited time, and a smaller value in a whole life policy.

For example, if you own a 20 year return of premium term life insurance plan and the 20 year term has expired, the premiums paid by the owner of the life insurance policy will be returned.

So, if you have a need for life insurance of 30 years or less, then a level term life insurance policy may be a good option for you and your spouse.

If you are near your 65th birthday and are in need of a small 10 — 15 year Term Life policy, and you want to keep your premiums low, then you can apply for a Term Life Insurance plan.

However if all conditions are met and everything checks out after the investigation, unlike the guaranteed issue life insurance policy, a term life insurance policy would pay the full benefit, and not just the premiums paid for the first two years.

A 25 year term life insurance policy might make perfect sense for you if for example you are 40 and want coverage until retirement at 65, or if you're 50 and want coverage into your mid 70s.

If you are looking for cheap life insurance, affordable Term life insurance will always have the lowest premium but they should be considered a temporary policy because Term insurance is purchased by term lengths of 5 to 30 yeTerm life insurance will always have the lowest premium but they should be considered a temporary policy because Term insurance is purchased by term lengths of 5 to 30 yeTerm insurance is purchased by term lengths of 5 to 30 yeterm lengths of 5 to 30 years.

If you have a 20 - year term life insurance policy, with a $ 250,000 guaranteed coverage amount, for a premium of $ 50 a month, your premium would be $ 50 a month for the entire 20 years.

A 20 year term life insurance policy may be a good option if you have long - term debts like a mortgage payment.

The idea being is if if this person bought a 10 - year term policy that if they live until 70 that all the money they paid for the life insurance would be wasted.

The difference between term life insurance with the return of premium rider and your ordinary 30 year level term policy is that 30 years down the line, if he's still alive John gets back $ 49,536!

What some people do if they need to quit smoking is only purchase a 10 or 20 year policy rather than 30 year term life insurance, since their plan is to replace it a year later.

If you want life insurance as a nurse to cover you only during their working years, a term policy would be an ideal choice.

A no medical exam term life insurance policy protects the policyholder if they die within the specified period (such as 10, 15, 20, 25, or 30 years).

For example, if you were to take out a $ 1 million term life insurance return of premium policy and paid $ 10,000 annually for 30 years.

If you only need life insurance protection for 20 years, get a 20 - year term policy — not a universal life policy.

So basically, if you want life insurance that lasts longer than a 30 year term policy you have a superior option with GUL.

If you believe your need for life insurance is between 12 - 14 years, a traditional Term 10 life insurance policy that is renewable and convertible is your most cost effective option.

If the life insurance premium has been paid for a minimum term of two years, and if the insured dies during the term of the life insurance policIf the life insurance premium has been paid for a minimum term of two years, and if the insured dies during the term of the life insurance policif the insured dies during the term of the life insurance policy.

So if you only need life insurance to cover the cost of a mortgage, or protect young children, an affordable 20 or 30 year term life policy will probably be a perfect fit.

(Term life insurance policies are only in force for a certain, set period of time such as 10, 15, 20, 25, or 30 years and then they will automatically expire, leaving the insured to have to re-qualify for coverage if they want to remain insured at their then - current age and health condition).

If you truly only need the life insurance coverage for 10 years, then a 10 year term policy can work just fine.

If you have a mortgage payment that will last longer than 20 years or you're anticipating moving, consider a 30 year term life insurance policy.

Term life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeTerm life insurance policies pay a death benefit if the insured person dies within the policy term, such as 10, 20, or 30 yeterm, such as 10, 20, or 30 years.