Sentences with phrase «unlike whole life policies»

Unlike whole life policies, term policies have no cash value, so if you cancel your policy before the term is up, you will receive nothing back.

Unlike whole life policies, term life insurance covers you only for a specified period of time, but the premiums are lower.

Term life insurance does not let you borrow against the policy or generate any kind of cash value, unlike whole life policies.

Unlike whole life policies, the policy term ranges between 5 - 30 years.

This is unlike whole life policies that force you to commit to paying premiums for the duration of your life.

The reason for this is that unlike Whole Life policies, guaranteed universal life policies are not designed to build cash value, and the death benefit stays level.

Unlike whole life policies, which remain in effect for the policyholder's entire life, term life policies expire after a specific amount of time (typically between five to 30 years).

Unlike whole life policies, term policies are not investment vehicles.

However, unlike a whole life policy, coverage with an endowment policy lasts only for a fixed number of years.

Unlike a whole life policy a universal life policy offers flexibility when it comes to the death benefit and the premium payments.

Unlike a whole life policy, a term policy does not accumulate any cash value in the meantime.

Unlike a whole life policy, it allows a policyholder to alter the premiums, death benefit, and cash value as their situation changes.

Not exact matches

Unlike a universal life policy where premiums can be missed, whole life premiums need to be paid.

Unlike permanent life insurance policies — like whole or universal life — term policies do not accrue cash value.

Unlike whole life insurance, the value of a level term life insurance policy remains the same throughout the entire time it is active.

Unlike whole life or term life insurance policies, final expense insurance plans generally do not require a medical examination or questionnaire.

Unlike a universal or whole life policy, mortgage insurance does not include cash savings in the premium.

However, unlike whole life insurance, variable life insurance offers you investment options for the policy's cash value.

Unlike a Participating Whole Life policy, the policyholder is not sharing in the surplus earnings of the insurance company.

Unlike term life insurance policies, which expire after a predetermined term, whole life insurance policies remain in effect as long as the premiums are paid.

While it is something you buy hoping to never collect on, one of few disadvantages of term life insurance is that you can only get a return on your investment if you die, unlike whole life which gives a return at the end of the policy regardless if the party is living or deceased.

And, unlike term life insurance policies, there is no set time period for whole life insurance policies.

Unlike whole life, universal policies pay a variable interest rate.

Unlike term policies that eventually expire, Value Whole Life covers your whole life - not just part oWhole Life covers your whole life - not just part ofLife covers your whole life - not just part owhole life - not just part oflife - not just part of it.

Unlike whole life insurance policies, which can be complicated and expensive, term life insurance quotes are easy to understand and offer the cheapest rates on financial protection for your loved ones.

Unlike traditional whole life insurance, most simplified whole life policies don't have a savings component called cash value that builds over time.

Unlike a traditional whole life insurance policy, guaranteed life insurance doesn't have a «cash value,» or savings component.

Unlike whole life insurance, where cash is only guaranteed to grow at a fixed conservative rate of interest, the funds that are inside of a variable life policy are tied to a variety of different market related investment options.

Unlike whole life or traditional universal life policies, a no - lapse guarantee universal life policy ensures the premium will never change or coverage will lapse as long as you make your on - time premium payment.

Guaranteed Payouts — Whole life insurance is also worth considering due to the fact that you are certain that the policy will be paid out, unlike term life insurance.

Another aspect of GUL is that, unlike a universal or whole life permanent policies, the focus is mainly on the death benefits, not the cash value component.

It is cheaper than whole life and is guaranteed to last your entire life without lapsing — unlike other universal life policies.

Unlike whole life insurance policies, which are designed to remain in effect for a policyholder's entire life, term life insurance policies expire after a pre-determined time period.

This is because unlike whole life insurance, term life policy is designed to cover you for a specific period of time and also has lower premiums.

Unlike a term policy, whole life lasts for the duration of the customer's life; it does not expire after a certain amount of time.

Unlike a Participating Whole Life policy, the policyholder is not sharing in the surplus earnings of the insurance company.

Whole life policies provide a lifetime death benefit protection, unlike term life insurance which is for a set period of time.

Unlike term insurance, whole life policies offer protection for life.

Unlike Variable Life Insurance (another form of Whole Life Insurance), the insurance company makes all the investments for Universal Life Insurance policies.

Unlike whole life insurance, which is considered a type of permanent life insurance, level term policies will eventually come to an end at a specific amount of time based on the policy you purchase.

Unlike a traditional whole life insurance policy, guaranteed life insurance doesn't have a «cash value,» or savings component.

Unlike term policies, whole life policies are a harder sell for younger customers.

Unlike traditional whole life insurance, most simplified whole life policies don't have a savings component called cash value that builds over time.

See, unlike traditional whole life insurance policies, the interest you earn on a portion of your premiums is tied to an index or money market fund.

But unlike term life, you can't simply stop paying the premiums and assume the policy will end, because most whole life policies have something called a «nonforfeiture clause» that kicks in.

Term life, unlike whole life and other so - called permanent policies, features no cash component and usually expires after a set amount of years.

Unlike its term insurance counterpart that expires after a set number of years, a whole life policy will remain in - force as long as the premium continues to be made.

Unlike term policies that eventually expire, Value Whole Life covers your whole life - not just part oWhole Life covers your whole life - not just part ofLife covers your whole life - not just part owhole life - not just part oflife - not just part of it.

Unlike a term plan, a whole life policy is a permanent form of coverage, which means that it's never going to expire.

Unlike whole life and universal life products, there are no cash values in the policy, so the premiums are purely for the life insurance death benefit, which also keeps the cost down.