Sentences with phrase «unlike permanent protection»

Not exact matches

Unlike term insurance, permanent life insurance has a few products, some with an option to accumulate cash value and some new products that offer pure protection at more affordable rates.

One reason for this is because, unlike permanent life insurance policies, term life offers only death benefit protection, without any cash value build up.

Unlike term life insurance, which expires after a certain number of years, permanent life insurance, such as whole life or universal life, provides lifelong protection and pays a death benefit regardless of when the insured dies.

Both plans require liability coverage for bodily injury and property damages, and unlike most states, there is a minimum amount of PIP or personal injury protection and permanent or significant injury coverage.

It will also stay with you throughout the remainder of your life — provided that the premiums are paid as, unlike term insurance, permanent life insurance provides protection for life.

Unlike term insurance, a permanent life insurance policy will offer protection for the remainder of your lifetime — provided that you continue to pay its premium.

Unlike term insurance, which only provides coverage for a specified term, permanent insurance generally provides protection for the insured's entire life.