Sentences with phrase «ordinary whole life policies»

Within those two main categories are various other types of policies designed to work in various ways which include universal life and traditional ordinary whole life policies.

It is easier to find ordinary whole life policies than term policies for persons who fall into the substandard rating categories.

Ordinary whole life policies have level premium payments that remain the same for the life of the insured.

Within those two main categories are various other types of policies designed to work in various ways which include universal life and traditional ordinary whole life policies.

Life insurance dividends are the heart and soul of whole life and can turn an ordinary whole life policy into an efficient, cash generating machine.

Because term premiums increase at each renewal, at the later ages the premium cost will far exceed the level premium that would have been charged for an ordinary whole life policy issued at the same age as the original term policy.

The death benefit of an ordinary whole life policy remains level from the date of purchase, usually, right up until age 100.

F. Check whether the conversion clause permits the client to convert the policy to an ordinary whole life policy with the waiver of premium rider without evidence of insurability.

In general, it is worth it to pay higher premiums to acquire a policy with more liberal rules regarding conversion to an ordinary whole life policy with the waiver of premium rider.

Not exact matches

Ordinary level premium whole life insurance has level premium payments for the duration of the policy, typically until age 100.

Whole Life Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawLife Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawlife insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawlife insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawals.

Permanent life insurance, also called whole or ordinary life, is the most common type of permanent policy.

Increased IRR: limited pay policies may also create a better internal rate of return (IRR), providing superior long - term growth in comparison to ordinary whole life that you pay premiums on until you die.

As perhaps one of the most popular types of permanent life insurance, whole life, also known as ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insured.

In reality, a properly designed whole life policy, blended with term insurance and paid - up additions, carries a very low commission for the agent in comparison to ordinary life insurance.

The policy is ordinary whole life to age 100.

For these folks diagnosed with a condition, like Type 1 diabetes or type 2 diabetes diagnosed at a young age, or some type of congenital heart defect, or one of a hundred other such pre-existing conditions, it may make more sense to lock into a whole life insurance policy when given the chance, rather than take the risk of never being able to qualify for ordinary life insurance again later on in life.

Level Premium Whole Life Insurance (sometimes referred to as «ordinary whole life») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insuWhole Life Insurance (sometimes referred to as «ordinary whole life») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insurLife Insurance (sometimes referred to as «ordinary whole life») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insuwhole life») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insurlife») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insurlife of the policy (until the death of the insured).

High cash value policies with paid up additions earn cash accumulation much faster than ordinary whole life insurance.

When referring to your typical «Whole Life» it is typically referred to an ordinary level premium whole life instead of the other types of life long poliWhole Life» it is typically referred to an ordinary level premium whole life instead of the other types of life long policLife» it is typically referred to an ordinary level premium whole life instead of the other types of life long poliwhole life instead of the other types of life long policlife instead of the other types of life long policlife long policies.

Ordinary term or whole life insurance provides comprehensive coverage for any cause of death (other than suicide in the first two policy years) including accident or sickness.

Every ordinary life insurance policy (term, universal life and whole life) that is approved and issued today contains a «contestable clause» that is in effect for a full two year period from the policy date.

Of the three main types of permanent insurance policies, whole (or ordinary) life provides the least flexibility, but the most predictable results and the lowest risk.

Since the money you pay into the policy belongs to you, you can even borrow against your whole life policy without going through a credit check, putting up collateral or any of the hassles associated with ordinary loans.

Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), sometimes called «straight life» or «ordinary life,» is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), sometimes called «straight life» or «ordinary life,» is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity whole of life assurance (in the Commonwealth of Nations), sometimes called «straight life» or «ordinary life,» is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date.

You may be looking at this example and adding up cash value plus death benefit, but remember: With ordinary whole life insurance policies like this one, your beneficiaries do not receive the cash value when you die; they receive only the death benefit.

Other whole life policies can have flexible premium payment options different from ordinary life policies.

Once you understand the major components of ordinary life insurance, you'll know we're speaking of products like universal life insurance, indexed universal life insurance, variable life insurance, and whole life insurance (including survivorship policies).

If this happens, you may end up with less death benefit and cash value than if you had purchased an ordinary whole life insurance policy.

State Farm offers three different whole life insurance policy types: Ordinary Whole Life Insurance, Limited Pay Life, and Final Expwhole life insurance policy types: Ordinary Whole Life Insurance, Limited Pay Life, and Final Expelife insurance policy types: Ordinary Whole Life Insurance, Limited Pay Life, and Final ExpWhole Life Insurance, Limited Pay Life, and Final ExpeLife Insurance, Limited Pay Life, and Final ExpeLife, and Final Expense.

However, if a whole life type of policy with the cash value component (a kind of «forced savings») seems attractive, one must decide between ordinary, level premium coverage and flexible payment universal life coverage.

While ordinary life insurance policies, also called whole life, may be too expensive for many younger people, term life insurance offers people the ability to take care of their families for a very low, affordable monthly premium.

Just as we see with ordinary whole life insurance policies, the death benefit is guaranteed as long as the premiums are paid.

An indeterminate premium whole life policy is similar to ordinary whole life plan of insurance except that it provides for adjustable premiums.

I just hope you did purchase a whole life policy and not any ordinary permanent policy such as universal life, flexible premium adjustable life, indexed universal life, and variable universal life and such.

You can choose to set your policy up as ordinary whole life insurance to age 100.

As perhaps one of the most popular types of permanent life insurance, whole life, also known as ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insured.

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Increased IRR: limited pay policies may also create a better internal rate of return (IRR), providing superior long - term growth in comparison to ordinary whole life that you pay premiums on until you die.

There are a number of different types of permanent insurance policies, such as whole (ordinary) life, universal life, variable life, and variable / universal life.

Ordinary level premium whole life insurance has level premium payments for the duration of the policy, typically until age 100.

As you must be aware by now the straight life insurance policy is simply a whole life policy otherwise known as an ordinary life policy.

The policy is ordinary whole life to age 100.

Few will actually realize that when applying for an ordinary whole life or term life insurance policy, the insurance underwriters are going to be very interested in the type of hemophilia that they have and will often underwrite their applications quite differently based on this information.

In this instance, you have more opportunities to receive a larger ordinary whole life or term life insurance policy.

D. Check the age to which a convertible policy may be converted to ordinary whole life at attained age without evidence of insurability.

Advantage No. 2: Similar to ordinary level premium whole life policies, once a policyowner has chosen a premium payment plan, the policy has an element of forced saving until the policyowner requests a change in the premium payment plan.

The family package policy consists generally of some level of ordinary whole life insurance on the principal breadwinner, half that amount in term insurance on the spouse, and about half that amount again of term insurance on each of the children.

In addition to the bundled nature of its policy elements, adjustable life has all the usual features of ordinary level premium whole life insurance including:

Permanent life insurance, also called whole or ordinary life, is the most common type of permanent policy.