Sentences with phrase «years into a life insurance»

Not exact matches

I dropped out of college and got into selling life insurance and became a life insurance agent at 22 years old.

While there is absolutely nothing wrong with maintaining term life insurance well into one's middle years and beyond, the cost of the insurance typically rises along with the person's age on renewal.

When purchasing a 20 year life insurance policy, you will need to take several things into consideration.

A life insurance annuity works like an income in that the death benefit is divided up over a number of years into equivalent amounts that the beneficiary receives each year.

So even though it is more expensive than the cheaper whole life insurance to age 100, you will be paying into your policy for a shorter period of time, say for 10 years or to age 65.

You can pay into the policy for 10 or 20 years and your child will be able to reap the benefits for of whole life insurance for their entire life.

Definition: A Limited pay whole life insurance policy has a set period in which you pay premiums into the policy, either for a number of years or to a specific age.

A better options may be to opt for a 20 year term life insurance policy and deposit the difference in premiums into a retirement or other savings account (or use it to pay off debt).

It has been argued over the years by insurance firms that mortality fees should not be taken into account as such charges are meant for provision of life coverage to the holder of the policy.

With regard to permanent life insurance with a guaranteed insurability option, this feature, in addition to the customary death benefit, may provide a financial cushion for children well into their adult years.

In fact, although you might not have the same financial obligations as you used to, having life insurance in place as you transition into your senior years is extremely important.

Adding complexity to the way universal life insurance works is the fact that this type of coverage offers flexible premiums — as in, the amount you pay into your policy can fluctuate from year to year.

Years ago, folks were dumping lots of money into cash value life insurance and for good reason.

According to the life insurance agent's chart, after 30 years the cash value of the whole life policy will be well into six figures, and will also serve as an additional retirement plan.

When the period of coverage ends for a Transamerica term life insurance policy, you can automatically renew coverage, but the policy turns into a 1 year term.

When purchasing term life insurance, key considerations are how much do I need and how many years into the future will my income need to be replaced?

When purchasing term life insurance, key considerations are how much do I need and how many years into the future will my income need to be...

The final exception to the 7 - 10 year credit reporting rule can come into play when you apply for a life insurance policy valued at $ 150,000 or higher.

I suggest, and you can verify for yourself, that the tax laws that apply to life insurance dividends are so good that years ago, folks were dumping lots of money into whole life insurance policies.

Every year, a certain percentage of your premiums goes into a savings account held by the life insurance company.

Instead of using a «run of the mill» whole life insurance policy (that basically has no cash value for the first few years), we specialize in putting as much money into cash value as possible.

So, for example, if your life insurance costs $ 1,200 a year, and therefore your budget requires a $ 100 - per - month set aside, that $ 100 would go into your dedicated «Life Insurance» savings account, rather than simply into your checking account or general savilife insurance costs $ 1,200 a year, and therefore your budget requires a $ 100 - per - month set aside, that $ 100 would go into your dedicated «Life Insurance» savings account, rather than simply into your checking account or generalinsurance costs $ 1,200 a year, and therefore your budget requires a $ 100 - per - month set aside, that $ 100 would go into your dedicated «Life Insurance» savings account, rather than simply into your checking account or general saviLife Insurance» savings account, rather than simply into your checking account or generalInsurance» savings account, rather than simply into your checking account or general savings.

For the past ten years, Bobby Saadian has put his heart and soul into changing the lives of thousands of people, who came to Wilshire Law Firm for legal representation; good people, who didn't have a voice to fight against powerful insurance companies, mega-corporations and big business.

We have other term life insurance policies that will carry us into our 60's and expire in our retirement years.

In general, unless you have had cancer in the last couple of years, a heart attack in the last year, or some sort of very life threatening disease, you should be able to find a burial insurance plan that goes into effect right away.

If the policyholder makes it past the initial two - year waiting period, the benefits stated in the policy will go into full force and the beneficiary will receive the amount listed on the life insurance.

The two year contestability period is one of the scariest aspects that applicants run into when they are applying for life insurance.

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.

No medical exam life insurance shoppers need to take this into consideration: If you have not had a physical in the last 3 years or more, why take a chance of having blood work done only to discover that you have a pre-exisitng condition like diabetes, high blood pressure, or high cholesterol?

Not every life insurance company will offer a term life policy that is still in effect into your 80's, but some carriers, for example Transamerica will insure you into your 80s with a 30 year term life policy.

A graded death benefit is a clause written into guaranteed issue life insurance policy which states that prior to your policy covering «Natural» causes of death, you must first remain ALIVE for a certain period of time (typically 2 - 3 years depending on the carrier) after your guaranteed issue life insurance policy goes into force.

From there we run into our second problem which is that guaranteed issue life insurance policies will only begin to cover «natural causes» of death after the policy has been in place for a minimum of 2 years (and sometimes 3).

If you're within the first few years of being cancer - free, look into the life insurance offerings of your employer or even the benefits of your spouse's company.

Generally speaking, it takes about two years just to get a substantial amount of money finally into the life insurance.

It doesn't seem fair... Some people pay into their life insurance policies for years, and then upon their death, the insurance company refuses to pay.

Now there are products known as «guaranteed issue» life insurance products that won't ask any medical questions or require a medical exam, however, these types of life insurance products will not cover «natural» causes of death for a certain period of time (typically 2 - 3 years) once the policy goes into force.

Term life insurance policies also offer a level death benefit; whether the policyholder dies five years into the term or 20 years into the term, the death benefit will be the same.

So, if the graded premium permanent life insurance offers $ 100,000 in benefits, then they will be enforced one day after the two years has passed since the policy went into effect.

If you bought your term life insurance in your latter years or a longer term policy, you might have grandchildren that are just coming into their prime.

Though newer to market, 5Star Life Insurance Company has squeezed into the top 10 this year for ease of access and excellent value.

Once you get into your 50s life insurance premiums jump up year over year.

Andrew Zathia, a 73 year old gentleman residing in Florida called into our office a few weeks ago inquiring about life insurance.

Taking the same 30 yr old male, but converting to a UL in yr 20: January 15, 2009 Interest Adjusted Cost Analysis Face Amount: (1) 100,000.00 (2) 100,000.00 Product 1: Term 20 yr Product 2: Whole Life Whole Life Interest Rate: 5.00 % Tax Rate: 0.00 % (Tax Deferred Vehicle) After Tax Rate: 5.00 % Year Age Premium 1 Premium 2 1 minus 2 Premiums Saved 1 30 127.00 1,056.00 -929.00 -975.45 2 31 127.00 1,056.00 -929.00 -1,999.67 3 32 127.00 1,056.00 -929.00 -3,075.11 4 33 127.00 1,056.00 -929.00 -4,204.31 5 34 127.00 1,056.00 -929.00 -5,389.98 6 35 127.00 1,056.00 -929.00 -6,634.93 7 36 127.00 1,056.00 -929.00 -7,942.12 8 37 127.00 1,056.00 -929.00 -9,314.68 9 38 127.00 1,056.00 -929.00 -10,755.86 10 39 127.00 1,056.00 -929.00 -12,269.11 11 40 127.00 1,056.00 -929.00 -13,858.01 12 41 127.00 1,056.00 -929.00 -15,526.36 13 42 127.00 1,056.00 -929.00 -17,278.13 14 43 127.00 1,056.00 -929.00 -19,117.49 15 44 127.00 1,056.00 -929.00 -21,048.81 16 45 127.00 1,056.00 -929.00 -23,076.70 17 46 127.00 1,056.00 -929.00 -25,205.99 18 47 127.00 1,056.00 -929.00 -27,441.73 19 48 127.00 1,056.00 -929.00 -29,789.27 20 49 1,000.00 1,056.00 -56.00 -31,337.53 21 50 1,000.00 1,056.00 -56.00 -32,963.21 22 51 1,000.00 1,056.00 -56.00 -34,670.17 23 52 1,000.00 1,056.00 -56.00 -36,462.48 24 53 1,000.00 1,056.00 -56.00 -38,344.40 25 54 1,000.00 1,056.00 -56.00 -40,320.43 26 55 1,000.00 1,056.00 -56.00 -42,395.25 27 56 1,000.00 1,056.00 -56.00 -44,573.81 28 57 1,000.00 1,056.00 -56.00 -46,861.30 29 58 1,000.00 1,056.00 -56.00 -49,263.16 30 59 1,000.00 1,056.00 -56.00 -51,785.12 31 60 1,000.00 1,056.00 -56.00 -54,433.18 32 61 1,000.00 1,056.00 -56.00 -57,213.64 33 62 1,000.00 1,056.00 -56.00 -60,133.12 34 63 1,000.00 1,056.00 -56.00 -63,198.58 35 64 1,000.00 1,056.00 -56.00 -66,417.30 36 65 1,000.00 1,056.00 -56.00 -69,796.97 37 66 1,000.00 1,056.00 -56.00 -73,345.62 38 67 1,000.00 1,056.00 -56.00 -77,071.70 39 68 1,000.00 1,056.00 -56.00 -80,984.08 40 69 1,000.00 1,056.00 -56.00 -85,092.09 41 70 1,000.00 1,056.00 -56.00 -89,405.49 42 71 1,000.00 1,056.00 -56.00 -93,934.57 43 72 1,000.00 1,056.00 -56.00 -98,690.09 44 73 1,000.00 1,056.00 -56.00 -103,683.40 45 74 1,000.00 1,056.00 -56.00 -108,926.37 46 75 1,000.00 1,056.00 -56.00 -114,431.49 47 76 1,000.00 1,056.00 -56.00 -120,211.86 48 77 1,000.00 1,056.00 -56.00 -126,281.26 49 78 1,000.00 1,056.00 -56.00 -132,654.12 50 79 1,000.00 1,056.00 -56.00 -139,345.62 51 80 1,000.00 1,056.00 -56.00 -146,371.71 52 81 1,000.00 1,056.00 -56.00 -153,749.09 53 82 1,000.00 1,056.00 -56.00 -161,495.35 54 83 1,000.00 1,056.00 -56.00 -169,628.91 55 84 1,000.00 1,056.00 -56.00 -178,169.16 56 85 1,000.00 1,056.00 -56.00 -187,136.42 57 86 2,477.00 1,056.00 1,421.00 -195,001.19 When comparing the rates of two different Life Insurance products it is important to take into consideration the «time value» or «opportunity cost» of money.

In April this year, the largest insurer Life Insurance Corporation's first year premium stood at Rs 4,173 crore, compared to Rs 2,113 crore in the corresponding month last year, translating into a growth of around 100 per cent.

New Year plans and certain life events require a second look at your life insurance protection; here are four life - changing events that would fit into this category:

In 2003 (14 years ago) my husband and I put into place an accidental death and dismemberment (AD&D) policy with Stonebridge Life Insurance.

Some of the biggest and the best life insurance companies in America have been around more than 160 years, to put it into perspective, but age does not define quality, of course.

The insurance behemoth has started a special revival campaign that will inject life into lapsed policies even years after lapsation.

So, how will a 30 year term life insurance policy fit into your financial -LSB-...]

Having life insurance in place for your spouse in order to cover these expenses can be a much better alternative than dipping into your emergency fund or investments — or worse, putting these costs on credit, with a balance to pay off for many years.