LIFE INSURANCE PLAN COMES in a sentence | Sentences WordTool (2024)

If you're one of the main sources of income in your home, your family will struggle to pay for any day - to - day expenses, but that's where your life insurance plan comes in.

Your guaranteed issue life insurance plan comes with a 60 - day money - back guarantee so you can get your money back if you are not satisfied with your life insurance policy.

In short, the best way to summarize the two variants is that a Term Insurance Plan offers protection for a defined period of time at cheapest rates, Whole Life Insurance Plan comes with a cash value, which helps build funds within the tenure of the policy.

Leaving them with a mountain of bills and final expenses is the worst thing that you can do for your loved ones, but that's where your life insurance plan comes in.

That's where your life insurance plan comes in.

Edelweiss Tokio Wealth Enhancement Ace: This non-participating unit linked life insurance plan comes with low allocation charges and flexible payment options.

Without that safety net, your family would be stuck under a mountain of debt and other final expenses, but that's where your life insurance plan comes in.

Most term life insurance plans come with a dizzying array of payout options.

Tax Benefits: Term life insurance plans come with excellent tax benefits.

Please keep in mind that single premium whole life insurance plans come as participating and non-participating.

Traditional life insurance plans come in two broad variants.

Life insurance plans come in many shapes and sizes.

Most term life insurance plans come with an option to covert the entire or partial amount of death benefit to a permanent life insurance plan (coverage beyond age 100).

Not exact matches

France's AXA says it will spend $ 15.3 billion on buying New York - listed insurer XL Group and speed up its plans to spin off its American life insurance business — the IPO would give it $ 6 billion to help fund the XL purchase, with the rest coming in the form of cash and debt issuance.

When it comes to planning for long - term care, advisors and clients have three main options — self - insure, long - term care insurance and life insurance with a long - term care rider.

I just wanted to come up with a plan and create multiple passive income streams and let them fly, protect my family with life insurance, etc..

AMP's ambitious growth plans come as the financial giant struggles under the weight of an under - pressure life insurance business.

While the law does not require that companies provide retirement plans, health plans, dental or vision plans, life insurance plans, or paid vacation time, many firms still provide these benefits and many candidates have come to expect at least some of these benefits, especially as they progress to the higher management positions,» said Andrew Challenger, vice president of global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc..

Most of the Individual Long - Term Disability Insurance Plans come with features that enable the benefits to stay on par with the raise of rates and salary increments, like the cost of living adjustments which will add additional percentage to the benefits every year.

Apart from these, Last year he has taken MAX Life Insurance's Guaranteed Income Plan (12 Yrs) with the Premium of 50000 INR which comes around ~ 6.2 Lakhs of total premium (inclu of taxes) at the end of 12 years.

These options have certain consequences that come into play so it's important to work closely with your life insurance agent if you plan on purchasing a permanent policy for your child to make sure you understand the ins and outs of your particular policy.

Your Allianz Tuition Insurance plan comes with the built - in benefit of Student Life Assistance — expert assistance when medical and travel arrangements need to be made right away.

If you are healthy and expect to live for many years to come, then a traditional life insurance policy could be your best bet, but if you are in bad health, then a burial insurance plan that you can not be denied will be a better option.

If you become incurably ill your life insurance policy may offer more than just the peace of mind that comes from knowing you've planned for the wellbeing of those you love.

Life Insurance When it comes to planning for the future, it's important to prepare for the unexpected.

If you plan on having a family, you have a couple options when it comes to owning more life insurance coverage.

But with the right amount of life insurance to replace your income, you'll have the peace of mind that comes from knowing that the people who depend on you for financial support can continue to keep the lights on, remain in their home, and plan for the future.

When it comes to high net worth life insurance conversations in the context of wealth building and legacy creating, suffice to say that the greater the wealth, the more challenging the planning becomes.

When it comes to high net worth estate planning with life insurance, ensuring that the estate has liquidity to pay debts, facilitate a buyout of a family business OR pay federal estate taxes is often the first priority.

Of course there are other secrets of wealthy when it comes to life insurance, but today's article is limited to estate planning.

Friends Forever Society Naming the Florida Keys SPCA in your will, estate plan, or life insurance policy demonstrates your lasting commitment to animal welfare and helps assure the future financial health of our organization for years to come.

In a life insurance policy, sum assured comes under Star Union Dai ichi Assured Income Plan returns.

As uncomfortable as Crohn's Disease can make your life, it truly doesn't have much of an impact when it comes to qualifying for a final expense life insurance plan.

We can be reached toll - free by dialing 888-430-7668 We understand that you have many options when it comes to choosing a life insurance policy — but it is essential that you compare several potential plans, as the premium can vary a great deal, even for the very same coverage.

But it comes with a drawback when you are looking for a term policy without medical exam as you will be proposed a guaranteed acceptance life insurance which is one of the most expensive plans out in the market.

Insurance companies see online term plans as a key growth category in life insurance in the yearsInsurance companies see online term plans as a key growth category in life insurance in the yearsinsurance in the years to come.

Life insurance for seniors also comes in handy if you're planning to leave a legacy for charity.

These plan designs can also come in a no medical exam life insurance version.

According to a recent presentation by financial planning giant Ernst & Young, the global life insurance industry is focusing on three main issues in the coming year: Government oversight, macro-economic trends, and cyber risk (data security).

When you apply for life insurance, the insurance company is going to require that you take a medical exam, unless you have chosen to purchase a no medical exam plan, due to severe health issues, which will come at a higher premium rate.

Compared to the premiums a senior gets for most life insurance plans, you probably come out ahead if you live for at least 10 - 12 years by just putting the money in the bank, instead of paying premiums.

Your life insurance plan will ensure that they have the money to fulfill your final wishes without having to worry about where the money will come from.

When considering life insurance plans, it's important to have peace of mind that your financial promises will be kept in years to come.

These questions and others come up when anyone is planning of purchasing life insurance.

When it comes to life insurance plans particularly term life insurance what many people don't realize is that they tend to have a conversion and renewal clause.

Baptist Life Association has 10 - 12 employees and insurance advisors who are prepared to help clients and members come up with a wealth plan designed to meet one's needs.

They are available for people who live at the poverty level or below it by paying a portion of the premiums that come with a traditional health insurance plan.

The easiest form of Life insurance, a term plan is a no - brainer when it comes to providing financial security to your family.

This is because you could still come out better financially by choosing an individual life insurance plan.

Not everyone can afford the monthly premiums that come with permanent life insurance plan and that is OK.

LIFE INSURANCE PLAN COMES in a sentence | Sentences WordTool (2024)


What is life insurance in one sentence? ›

Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period.

How do you use term life insurance in a sentence? ›

Example of Term Life Insurance

If George dies within the 10-year term, the policy will pay George's beneficiary $500,000.

What is a good sentence for the word insurance? ›

Examples from Collins dictionaries

The insurance company paid out for the stolen jewellery and silver. We recommend that you take out travel insurance on all holidays. The country needs a defence capability as insurance against the unexpected.

How do you use whole life insurance in a sentence? ›

Whole life insurance Sentence Examples. Choosing a whole life insurance policy will provide the insured with coverage for his or her lifetime.

What is insurance life plan? ›

Life insurance is a contract between an insurance company and a policy owner in which the insurer guarantees to pay a sum of money to one or more named beneficiaries when the insured person dies in exchange for premiums the policyholder pays during their lifetime.

What is life in one sentence? ›

life noun (TIME ALIVE)

the period between birth and death, or the experience or state of being alive: Life's too short to worry about money! I'm not sure I want to spend the rest of my life with him. Unfortunately, accidents are part of life.

How do you use term life insurance? ›

A term life insurance policy is the simplest, purest form of life insurance : You pay a premium for a period of time – typically between 10 and 30 years – and if you die during that time a cash benefit is paid to your family (or anyone else you name as your beneficiary).

What is term life insurance with example? ›

Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified “term” of years. If the insured dies during the time period specified in a term policy and the policy is active, then a death benefit will be paid.

What does it mean when life insurance comes to term? ›

Term life insurance is a type of life insurance policy that has a specified end date, like 20 years from the start date. The death benefit will only be paid out if the insured dies during this time period.

What is insurance in one word answer? ›

Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss.

What is the term insurance in one sentence? ›

Term insurance provides coverage for a specified number of years, known as the policy term. In case of an unfortunate event during this period, your nominee will receive the sum assured in your policy.

What is insurance in your own words? ›

Insurance is a way to manage your risk. When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.

What is a whole life plan in life insurance? ›

What is whole life insurance? Whole life insurance is a type of permanent life insurance, which means the insured person is covered for the duration of their life as long as premiums are paid on time.

What is a simple example of whole life insurance? ›

Say you have purchased a whole life insurance policy with a death benefit of $500,000 and you're paying $750 a month for it. You also get dividends every year. After 20 years, your cash value is $172,000.

How can you use a whole life insurance policy? ›

A whole life policy has cash value that grows over time. You can cash it out to help pay for retirement, or borrow against it at any time, for any reason.

How do you explain life insurance? ›

What Is Life Insurance? Life insurance is a contract between you and an insurance company. In exchange for your premium payments, the life insurance company will pay a lump sum known as a death benefit to your beneficiaries after your death, as long as your policy is in force.

What is the meaning of term life insurance in simple words? ›

Term life insurance is a type of life insurance policy that provides coverage for a certain period of time, or a specified “term” of years. If the insured dies during the time period specified and the policy is active, or “in force,” then a death benefit will be paid.

What is insurance in simple words? ›

Insurance is a legal agreement between two parties – the insurer and the insured, also known as insurance coverage or insurance policy. The insurer provides financial coverage for the losses of the insured that s/he may bear under certain circ*mstances.


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