Convertible term life insurance

Life Settlements for Non-Convertible Term Policies. Wait… What?, ThinkAdvisor

By now you probably know that a client’s life insurance policy can be sold for cash, and that investor groups buy these policies for their portfolio return and diversification. And, you may know, that all different types of policies can be sold, including term policies. Generally, term policies need to be convertible (and not past the conversion deadline) in order to be sold. But, did you know that non-convertible term policies also have the potential to be sold? Certainly, the vast majority of term policies do need to be convertible to be sold, but that does not automatically exclude term policies that are no longer convertible. Every investor group has its own parameters, and not all will...

Continue reading...

rates-life-insurance.com
Overall rating page: 4.3 / 5 left 1235 people.

Posted by at

Tags: marine insurance, family term life insurance, long term disability insurance, over 50 life insurance, cheap term assurance, about life assurance, savings bank life insurance, homeowners insurance quote, cheap life ins, life insurance with

Term life policy options, Protective Life

Choosing the best term life insurance for you When it comes to the many different types of life insurance, term life insurance may be more understood because of its simplified structure. Just like any other life insurance policy, it is designed to pay a death benefit to your beneficiaries when you die. With a term policy, you select the length of the term (typically from five to 30 years) and the amount of the death benefit that you need. If you die within the term specified in your policy*, the benefit will be paid to the person or people you have named as your beneficiaries. Also, it is sometimes possible to include two important types of policy choices - renewable and convertible....

Continue reading...

rates-life-insurance.com

Posted by at

Tags: classic car insurance, mega life and health insurance company, low life insurance quotes, term for life, best life insurance websites, life and insurance, good term life insurance, life insurance online application, what is life insurance policy, buy life insurance

What is convertible term life insurance?, Haven Life

When it comes time to buy life insurance, the first decision to make is term versus permanent life insurance. You’ve probably heard that term life insurance is more affordable than a permanent policy, even if you aren’t quite sure what the difference is. Before you buy any product, but especially life insurance, you should spend a good chunk of time learning about it through unbiased sources of information. But if you choose term life insurance, even after you make that decision, you aren’t finished learning. Because odds are high, you’ll have another chance to make that choice. Many term life insurance policies come with a provision that makes them “...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: life help insurance, insurance industry, term insurance quotes, guaranteed life insurance, building insurance, healthcare insurance, life insurance personal, team life insurance, term life insurance companies, insurance quotes

Convertible Term Insurance: The Third Option

– Lynn Barrette, Counselor and inspirational blogger Life Insurance: It’s Not An Either/Or Decision “Whole Life or Term Insurance?” It’s a never-ending debate amongst financial advisors and self-proclaimed experts. Today, we’d like to suggest a third option. But first… let’s summarize the two most popular and obvious choices: Term life insurance allows the insured to afford more coverage for less premium, thus putting greater protection in place, in the form of a death benefit. However, term life insurance policies rarely provide a benefit, because they only provide coverage for a certain period of time and typically expire (like product warranties) before they’re likely to ever be used....

Continue reading...

rates-life-insurance.com

Posted by at

Tags: safe auto insurance, life insurance agent, variable life insurance, life insurance for family of 3, mortgage term life insurance, free life insurance quotes, life of insurance, i need a life insurance policy, met life insurance, get life insurance online

What Is Term Conversion? , Northwestern Mutual

When you're young and starting a family, a term life insurance policy is a low-cost way to build a temporary financial safety net. The death benefit can help your family through a period when student debt, a mortgage and the costs of raising children would represent a crippling financial burden in the event of an unexpected death. With a term policy, you get more coverage for every dollar you spend because you’re basically “renting” it; when that policy expires there is no payout and it loses all its value. For many young families, that's all the life insurance they need. But as time passes, your financial picture can change: you may earn more money and build wealth, the kids will grow into...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: critical life insurance, texas life insurance, cheap insurance life term, guaranteed acceptance life insurance, car insurance groups, lowest life insurance rates, automobile insurance quotes, life insured, liberty life insurance, homeowners insurance quote

What to Do If Your Term Life Insurance Policy Is About to Expire

One advantage of term life insurance is that it is generally the most cost-effective way to achieve the maximum life insurance protection you can afford. Many people first purchase term life insurance to protect their family’s financial interests after a significant life event, such as getting married or the birth of a child. You may have done the same for your family when you purchased your policy years ago. And chances are, other than paying the premiums, you probably haven’t given it much thought since then. However, if your term life insurance policy is set to expire in the near future, it’s important to explore your options now before the coverage runs out. Before you...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: john hancock life insurance, level term life insurance, cheap health insurance, term assurance, term life policy rates, life insurance policy details, 30 year term life insurance cost, how to start life insurance, term life insurance companies, online life insurance policy purchase

Life Insurance Cover Calculator, Southeast Financial Services

Also known as Level Term Cover – this life insurance policy is taken out for a specific term. The main difference between Level term life insurance and Mortgage Protection is that the level of cover does not reduce with term assurance. Example: Tom & Mary have two children under 4. They want to protect their family’s financial security in the event of one of them dying. They start a Level Term Life insurance plan for 25 years. They decide on a level of cover of €300,000. In year 23, Mary has a major stroke and dies. The life insurance company will pay out the full €300,000 to Mary’s estate. A whole of life policy is taken out with the intention of covering you for all of your life...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: car insurance ratings, best affordable term life insurance online, mega life and health insurance, benefits of term life insurance, zurich life insurance, car insurance quotes, whole life insurance online, auto insurance coverage, discount term life insurance, compare car insurance

What is Convertible Term Insurance Policy?

What is Convertible Term Insurance Policy? While there are a lot of life insurance plans available in the market, convertible term insurance is gaining increasing popularity among those seeking more benefits than what an average term insurance plan offers. To understand the benefits inherent in a convertible term insurance plan, it is important they understand the concept of convertible term insurance. Convertible term insurance plans come with an in-built feature that allows the plan to be converted into an endowment plan. This conversion option comes as an add-on feature. The policyholders can avail this feature by paying an additional premium amount. Be it an inbuilt coverage feature or...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: gerber life insurance, compare cheap life insurance quotes, life insurance needs, term life insurance amount, credit life insurance, individual health insurance, quotes get a life, insurance life quote term, five year term life insurance, online life

Convertible term increasingly popular - Insurance Portal

Convertible term increasingly popular By Alain Thériault | April 08 2015 09:00AM Advisors and their clients are seeking coverage period flexibility and urging insurers to offer the right to convert shorter term policies for long-term term insurance market, formerly known for offering commodity products, is seeing a growing trend toward convertible products. Insurers like Sun Life Financial, SSQ Financial Group and Assumption Life recently overhauled their term products to meet the market’s appetite for short-term coverage that can be exchanged for longer-term coverage. Sun Life recently expanded its Term 15 and Term 30 line. The insurer now offers an option that let insured convert their...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: level term life insurance, lifeinsurace, insurance claim, fixed term life insurance quotes, motor insurance, 10 year level term life insurance, what do you know about life insurance, level term life insurance quotes, life insurance offers, life cover

Converting your Canada Life Term Policy

Converting your Canada Life Term Policy Converting your Canada Life Term Policy The Canada Life insurance company has been protecting families since 1847, as the first domestic life insurance company to be founded in Canada. They have numerous types of life insurance products with a large component being convertible term life insurance. If you have a Canada Life term policy, you can likely convert it to a permanent policy without medical questions. What Does Converting Your Canada Life Term Policy Mean? Your term policy covers you for a set amount of time (the term) and once the term is up, your policy is finished, unless you renew at much higher rates. Converting your policy means that...

Continue reading...

rates-life-insurance.com

Posted by at

Tags: start life insurance, guaranteed life insurance, insurance co, landlord insurance, reliastar life insurance company, term life quote online, online life insurance comparison, principal life insurance, pacific life insurance, workers compensation insurance