Sentences with phrase «purchase yearly renewable term»

Purchase yearly renewable term (YRT) or shorter term insurance (e.g., five - year term) if the client wants or needs to pay absolutely minimal initial premiums, but is willing to pay increasingly larger premiums each consecutive year (or at each renewal date) to keep the same level of coverage in force.

These policies have some whole life and the use dividends and premium to purchase yearly renewable term to make up the full face amount.

Not exact matches

Consumers also have the opportunity to purchase a yearly renewable policy, or one - year level term and five - year term life insurance.

Often as a part benefit package, an employer purchases a yearly renewable group term insurance policy for its employees.