Sentences with phrase «whole life contracts typically»

Whole Life contracts typically endow at the insured's age 100.

Not exact matches

In addition, dividends are typically paid on whole life contracts and can be used to either increase the death benefit or reduce the premiums.

Dividends are also typically paid on whole life contracts and can be used to either increase the death benefit or reduce the premiums.

The amount of premium on whole life insurance protection is typically locked in for the life of the policy and guaranteed not to increase, even as the insured ages and regardless of if he or she contracts an adverse health condition in the future.

Participating policies are typically life insurance contracts, such as a whole life participating policy.

In addition, dividends are typically paid on whole life contracts and can be used to either increase the death benefit or reduce the premiums.

Participating life insurance contracts are whole life insurance policies, typically from mutual insurance companies, though some stock companies do offer life insurance dividends.

Owners of whole life contracts commonly choose the more affordable extra coverage that term insurance provides directly prior to starting a home mortgage or family, when the need for life insurance typically becomes more clear.