Sentences with phrase «since guaranteed universal life policies»

Since guaranteed universal life policies do not have a cash value to dip into if you miss a payment, it is extra important to make sure you pay your premiums on time.

Not exact matches

Since the insurer guarantees a lower interest rate and offers a range of premiums, universal life insurance policies are typically less expensive than whole life insurance policies.

Since you can choose how much coverage you need and there's a short medical exam, a guaranteed universal life insurance policy will be your cheapest option for covering funeral expenses.

The problem with guaranteed universal life is that since you have no cash value to sustain the policy, you're in trouble if you miss a premium.

With a Universal Life policy with Secondary Guarantees, the death benefit is guaranteed for life and you have the flexibility of adjusting your premiums, a valuable feature since estate tax rates and exclusion amounts keep changing from year to yLife policy with Secondary Guarantees, the death benefit is guaranteed for life and you have the flexibility of adjusting your premiums, a valuable feature since estate tax rates and exclusion amounts keep changing from year to ylife and you have the flexibility of adjusting your premiums, a valuable feature since estate tax rates and exclusion amounts keep changing from year to year.

Permanent coverage: whole, universal and variable life is more confusing since the same policy, depending on how it is issued, can often be either guaranteed or non-guaranteed.

Since you can choose how much coverage you need and there's a short medical exam, a guaranteed universal life insurance policy will be your cheapest option for covering funeral expenses.

Since the insurer guarantees a lower interest rate and offers a range of premiums, universal life insurance policies are typically less expensive than whole life insurance policies.

However, since many investment - backed, or «non-guaranteed,» universal life policies fail to perform well, we usually recommend guaranteed universal life (GUL) over non-guaranteed options.

Since guaranteed universal life insurance policies offer permanent coverage, they're still much more expensive than term life insurance (easily 3 to 4 times the cost), but you save money as there's little to no investment component.

Since this policy is guaranteed to pay out as long as you pay the premiums, the rates for universal life insurance are more expensive than term life insurance.