Sentences with phrase «as whole life»

Some of my clients still need lifetime coverage at age 62, which means they buy a type of permanent insurance such as whole life insurance or universal life.

Because life changes fast, and you never know what needs your family may have in the future, you may want to consider some permanent insurance such as whole life insurance.

The insurance industry earns big profits — and their agents big commissions — from products known as whole life insurance, universal life insurance or cash - value life insurance.

The benefits of universal life insurance are by and large the same as whole life insurance benefits.

This plan is known as Whole Life Plan as it remains throughout the insured whole lifetime provided the premiums are paid.

Lastly, you may also be interested in our indexed universal life insurance pros and cons as well as our whole life insurance pros and cons articles.

A term life insurance plan can offer the same death benefit as a whole life insurance product for a tenth of the price.

Child life insurance is typically sold as a whole life insurance policy with a death benefit under $ 100,000.

Both traditional and variable universal life insurance policies can be as expensive as a whole life policy.

A term life insurance policy has the same rules as a whole life policy.

However, these opinions often do not carefully consider the fact that as a whole life investor, you're purchasing both a permanent death benefit AND guaranteed cash value growth with tax advantages.

These plans are typically offered as whole life insurance — which means that there is both death benefit protection and a cash value / savings component in the plan.

As a comparison, term life insurance is usually cheaper that whole life insurance as whole life builds cash value that you can borrow against, while term insurance does not provide this.

It has the option to be treated as whole life, but I don't plan on utilizing that option.

Depending on the version you apply for, it can be much more expensive or about just as expensive to pay for as whole life insurance.

If you are older, then a universal life policy may not make as much sense as a whole life policy which is a safer investment and provides additional advantages.

These types of policies are mostly available as term life insurance policies, although there are some available as a whole life policy which has a cash value accumulation feature.

Term is a temporary solution to your life insurance planning where as whole life is a permanent solution.

As whole life covers you for your entire life, and thus guarantees a payout, those policies will usually be more expensive for a smaller face value.

You do, however, need to involve your agent as whole life quotes are not as readily available as term life quotes.

Yes, as whole life provides a facility of partial withdrawal any time after the completion of premium payment term, whichever comes later.

A life insurance policy is referred to as whole life because the insured is meant to have the policy for the entire span of their life.

Ensure you use the same annual life insurance face amounts as the whole life product in every year.

To me annuities fall into the same category as whole life insurance policies.

Truth: the fees inherent in a 401k or mutual funds are at least as painful as whole life.

There is cash growth within the policy, as well, though the guarantees aren't quite as strong as the whole life.

While it might be advertised as accessible, be careful of building loans as the whole life policy will accrue interest.

These types of policies can be written as whole life or universal life.

You stay protected for your entire life, thus this plan is named as whole life policy.

These products don't have a strong investment aspect as Whole Life (more on that in a bit) but they do offer permanent protection to old age.

So it is technically true that as long as your whole life policy is in - force, the death benefit will go to the beneficiaries (often the children of the insured).

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

Term life insurance coverage is cheaper than whole life insurance but the rates of term life can increase over time as whole life insurance prices are fixed and never raise.

Well, guaranteed life insurance is essentially the same thing as whole life insurance.

Permanent Life insurance policies such as Whole Life remain in effect as long as you live and make the required payments.

The main difference is it does not have the same cash value accumulation as Whole Life.

Depending on your needs you can choose to go with an affordable 20 year term or a more permanent option such as their whole life product.

Cash value life insurance, also known as whole life insurance, once issued, is in force for life, assuming all required premiums are paid when due.

Both of these policies, as well as whole life insurance, combine investments with your life insurance policy.

On the other hand, if you were looking to buy the same amount of coverage as a whole life insurance policy, you're going to pay around $ 280 every month.

Child life insurance is typically sold as a whole life insurance policy with a death benefit under $ 100,000.

Basically, a universal life insurance policy is a plan that offers the same death benefit as a whole life plan, but with a very flexible payment structure.

Basically, a universal life insurance policy is a plan that offers the same death benefit as a whole life plan, but with a very flexible payment structure.

However, part of the reason it's not as expensive as whole life insurance is because there isn't a cash value associated with.

Even if a universal life product is offered by a mutual company, these policies do not operate by the same rules as a whole life product.

However, these opinions often do not carefully consider the fact that as a whole life investor, you're purchasing both a permanent death benefit AND guaranteed cash value growth with tax advantages.

These policies are offered as whole life insurance, which means that the plan has death benefit protection, as well as a cash value, or savings, component.

A term policy or a guaranteed universal life policy makes sense as whole life insurance will likely be too expensive.

This type of insurance is available as a whole life or universal life insurance policy that can also be considered variable life insurance.