Sentences with phrase «because term life coverage»

Because term life coverage is temporary, term life policies are less expensive than permanent policies.

This is because term life coverage consists of death benefit protection only, with no corresponding cash value or investment component.

Term life policies are typically more affordable than permanent policies because term life coverage is temporary and does not accrue cash value.

Not exact matches

Permanent life insurance is generally more expensive than term life insurance because it is intended to provide coverage for your lifetime.

However, because the premiums for term insurance become more expensive as you get older, cash value insurance, which has level premiums, may be the more economical option if you want coverage throughout your life.

Term life insurance would typically not work in this case because the coverage amount would be too small, the client would likely be uninsurable because of health issues, and the client's age would be outside the range a life insurance company would approve coverage for.

Because term life insurance has an expiration date on them, they tend to be much cheaper than the other coverage options.

Term is popular because it is inexpensive, and provides coverage during the time of life when your family most needs the income you provide.

It is called asset based long term care insurance because the LTC coverage is attached to cash value life insurance.

Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum death benefit.

So if you choose term life now and then renew later down the line, you will be left with higher premiums because you will be older and you could even have certain health issues that make it difficult, if not impossible, to qualify for additional coverage.

You'll likely pay a higher premium than you would for traditional term life insurance at the same coverage amount, but you'll get coverage more quickly because you won't have to go through so many hoops.

Term life insurance is ideal if you have loans because you can dictate how long you want coverage for.

A return of premium life insurance policy is nice because you have life insurance coverage for a specified period of time, but if you live beyond that term, then you get the value of the premiums that you have paid returned to you.

Jeremy Hallett, founder of online insurance marketplace Quotacy, said in an interview that premiums are typically 10 times higher for whole life policies than they are for term life policies with the same death benefit because permanent insurance provides coverage for life with guaranteed level premiums.

Term life insurance makes sense for many young families because their need for coverage is great and their budgets are often limited.

Because term life insurance doesn't include an investment component, it is almost always the most affordable coverage you can buy.

Because term is considered to be the most basic form of life insurance coverage, it can often be quite affordable, especially for those who are young and in good health.

Because of this cash value and the lifetime coverage, whole life insurance has higher premiums (up to five to ten times higher) than level term life insurance.

Many young couples choose to purchase term life because they can buy more coverage for less money.

Because term is so much cheaper than whole life insurance, you can buy a lot more coverage (meaning a larger death benefit) for the same amount of money.

Because term insurance is simple; designed to only provide coverage for a defined number of years, and pays out if you die during that period it carries less risk than permanent life insurance and is more affordable.

Premiums are often much higher than a term life insurance policy with the same amount of coverage because you're paying for an insurance policy as well as putting money into the cash value portion of the policy.

«He should do it as a Term - 20 policy because if all his life insurance policies are Term - 10, and his health changes in 10 years, he won't be able to get cheap coverage.»

«Generally, new parents are interested in term insurance because it's less expensive, and they may only want the coverage until their kids are grown,» says Glenn Cooke, an independent life insurance broker and president of LifeInsuranceCanada.com.

Because term life is so affordable — a healthy 30 - year - old can get a 20 - year, $ 1,000,000 policy for under $ 40 a month — it's enticing to pay for more coverage than you actually need.

Many people prefer to get term life insurance quotes, though, because it can be much cheaper to get more coverage when you have term life, as opposed to paying for whole life or universal life insurance.

Because there aren't a lot of «bells and whistles» on term life insurance coverage, the premium cost for these policies will typically be less than that of a comparable permanent life insurance policy — with all other factors being equal.

Level term life insurance is one of the most popular types of life insurance because it is inexpensive and allows you to purchase more coverage for less money.

The reason that coverage amounts are much lower than other whole life policies or even term policies, is because carriers need to mitigate risk.

If you are a senior over the age of 65 looking for coverage, Protective can also be an excellent choice because they offer a Guaranteed Universal Life policy with pricing that is comparable to term insurance.

For the most part, we know that term life insurance is the most popular choice because it allows for coverage over a certain period of time with initially smaller premiums.

From its beginnings, this company was a crusader for «buy term and invest the difference,» and for providing affordable term life insurance coverage — and because of that, also allowing their clients to be able to save or invest the money that they saved on insurance protection.

Because term life insurance plans have an expiration date, they are going to be cheaper than forms of life insurance coverage.

Because these plans are permanent coverage, they are going to be more expensive than term life insurance policy, but there are still several ways that you can get an affordable whole life insurance policy for your family.

That's because with this type of coverage, part of your monthly premium goes into an account that builds up cash value this does not happen with a term life insurance policy.

Term life has more flexibility in coverage than permanent life policies because it offers temporary coverage for a predetermined period of time and is more affordable for families on a budget.

Term life insurance is also known as temporary life insurance because it is a contract purchased for a specific premium to provide coverage for a specific number of years.

Because term life insurance only pays out if the policyholder's death occurs during the term of their coverage period, policy premiums are generally lower than whole life insurance.

Term life insurance policies are generally the most affordable [1] because they only provide coverage for a specific period of time (usually one to 30 years).

Term life insurance is generally the best because it is the least expensive while providing the same benefit coverage.

I think the no lapse guaranteed universal life may be the better option than a fully underwritten term life insurance policy, because it does provide guaranteed lifetime coverage.

Level term life insurance is the most popular type of term insurance because it provides guaranteed level rates and coverage for the entire term of your life insurance plan at affordable rates.

Because term life insurance provides coverage for a set period of time, it is easy to understand and is often the most affordable option, making it one of the most popular types of life insurance.

Term life insurance is one of the best ways to protect your family or business because you can buy large amounts of coverage at very low rates.

People often opt for term life insurance because it provides life insurance coverage during the time most needed while still being affordable.

This is because term insurance provides pure life insurance coverage for a specified period of time.

For example, if you needed $ 2,000,000 of term insurance now, because your kids were still young, but in 10 years you only are going to need $ 1,000,000 of protection, you can buy 2 policies that effectively meet your needs without carrying excess coverage and subsequently overpaying for life insurance.

Term insurance is different because it's just straightforward life insurance coverage.

Many people prefer term life because the premiums tend to be low and because it provides affordable coverage during the period of one's life when it is most necessary.