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What does the statement, "insurance life no physical term" mean?
It would mean you could get term life insurance with no medical exam. Term life insurance only protects you till a certain age.
What does gtl mean on a paycheck?
Group Term Life (life insurance)
What do you mean by the term life insurance?
Term life insurance is a form of temporary life insurance that provides coverage for a specific number of years. Term life insurance is available for 1-40 years, depending on your health and age. Term life insurance is usually purchased for 1, 15, 20 or 30 years. Term life insurance builds no cash value within the policy. Term life insurance is "Pure Protection". You pay only for the life insurance. If you outlive your policy term, the coverage expires. Level term life insurance is the most common form of term life insurance. Level term offers premiums and coverage amount that remain the same each year for the entire term of your policy.
Is life insurance preminums more than cash value insurance?
Google the types of life insurance first. You need to learn a little about life insurance. The terms you are using and spelling are weird. Most people use cash value insurance to describe a type of life insurance.I do not really understand what you mean but, from my experience, I can only guess that by life insurance you mean term life insurance. If that is the case, then, in most situations, term life insurance has lower premiums than cash value life insurance (whole life, universal life...). Be well! mcdlife.com
What does GTL mean on a check stub?
Group Term Life (insurance) It's your accidental death and dismemberment insurance.
What does the term life mean?
Term life is a temporary life insurance policy. It is called term life insurance because it is purchased only for a temporary period of term, anywhere between 5 to 30 years. During the term period, a term life policy guarantees a certain amount of death benefits to the beneficiary, tax free, in the event of the policy holder's death. The most popular term life policy is level term life insurance where the premiums remain level throughout your term period.
What does the term company mean?
what does the term company mean in insurance
What does the term actuaries actually mean?
The term actuaries refers to a person who calculates the insurance risks and and premiums. They have to judge the risks regarding life insurance to work out the premiums they should give to that person or company.
What does decreasing term insurance mean from the perspective of finance?
Decreasing term insurance means from the perspective of finance that it is annual and renewable. It gives a death benefit that decreases at a rate that has already been determined over the life of the policy.
What is decreasing term life insurance?
Decreasing term life insurance is a variety of term insurance in which the death benefit decreases on a scheduled basis. One of the features of term insurance is that, at least when compared to permanent insurance (whole-life), it is relatively inexpensive. In the early years of a decreasing term policy, the death benefit will be the face amount of the policy when purchased. Thereafter, as years pass, the death benefit will decline. Insurance of this type may be purchased when the insured has a large financial obligation to fund, such as child-rearing expenses, and needs a great deal of coverage in the early years to protect against adverse financial implications of his/her death. The most common use for decreasing term life insurance is to cover a mortgage or other type of loan. it mean going up or Dow one of those
Is home life insurance better than term?
You mean Whole Life insurance. Each has their benefits and place. Now term life offers money back so it has become more valuable. Whole life however is necessary if you want to be absolutely sure you have insurance in force when you die to leave money behind for your family and final expenses. It is the correct thing to do if you can afford it. Only 2% of term policies issued ever pay a claim. Think about it.
What does flexible premium multi-funded life mean?
A flexible premium multi-funded life means that it is a term life insurance. Aside from that, it has a side fund that grows and which is tax deferred.
