Sentences with phrase «benefit than a term policy»

Since the insurance company must make a profit, and since they know they will always pay out on a whole life policy, whole life tends to be very expensive, and has lower «death» benefits than a term policy.

In the end, a whole life policy that's been in effect for 25 years will provide a much larger benefit than a term policy.

A hybrid policy will usually cost less than a permanent policy but also offer more benefits than a term policy.

Not exact matches

-- Take a look at your employee handbook policies and benefits offerings and make sure they use gender - neutral language, rather than gender - specific terms.

Such policies also pay out a death benefit to your heirs when you die, but they are far more expensive than term life.

While this makes term life insurance significantly less expensive than permanent life insurance, it also means that you will not receive any benefit if you outlive the policy.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

No medical exam life insurance policies are available for both term and whole life insurance, but the death benefits for whole life coverage are typically limited to less than $ 50,000 (while term coverage is usually limited to $ 500,000).

Specifically, benefits subject to the HP Severance Policy include: (a) separation payments based on a multiplier of salary plus target bonus, or cash amounts payable for the uncompleted portion of employment agreements; (b) any gross - up payments made in connection with severance, retirement or similar payments, including any gross - up payments with respect to excess parachute payments under Section 280G of the Code; (c) the value of any service period credited to a Section 16 officer in excess of the period of service actually provided by such Section 16 officer for purposes of any employee benefit plan; (d) the value of benefits and perquisites that are inconsistent with HP Co.'s practices applicable to one or more groups of HP Co. employees in addition to, or other than, the Section 16 officers («Company Practices»); and (e) the value of any accelerated vesting of any stock options, stock appreciation rights, restricted stock or long - term cash incentives that is inconsistent with Company Practices.

Whole life insurance policies are generally more expensive than alternatives, such as term life insurance, and the death benefit directly impacts that cost, so it's important to evaluate your family's needs before deciding to purchase.

Yes, but you neglect to consider that the money you save by opting to go with term insurance can be invested, and you'll probably be out way ahead with that money for your beneficiaries and heirs rather than if they wait for you to die and collect their benefits through a whole life policy.

Social welfare policies which encourage marriage and family cohesion such as increasing the «marriageability» of men, through wage supports and the EITC, will be of more long term benefit than creating new programs and new services.

«If any discouragement exists, it is related more to long - term benefits than to the amount received, a situation we can correct by applying the adequate measures in the area of active employment policies,» he clarifies.

Such near - term benefits provide the basis for a no - regrets GHG - reduction policy, in which substantial advantages accrue even if the impact of human - induced climate change turns out to be less than current projections show.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

No medical exam life insurance policies are available for both term and whole life insurance, but the death benefits for whole life coverage are typically limited to less than $ 50,000 (while term coverage is usually limited to $ 500,000).

This helps keep term life premiums lower for young people than permanent policies, which eventually will have to pay a death benefit.

Even then, don't sign up for an insurance policy until you have crunched the numbers and figured out that its benefits are likely to offer you a better after - tax return on the premiums you pay than you would earn for CD rates or long - term investments.

2To be eligible for the CoverMe Term Life Living Benefit, you must be less than 83 years of age and your policy must be in effect for at least two years.

And if you are in need of a larger death benefit initially than your budget allows, you can add a term life rider to your policy to enhance your initial death benefit.

Rather than your coverage ending like a typical term policy, Custom Choice UL simply lowers the death benefit over time but your premium remains the same.

Policies with less than $ 1 million death benefit, if you're between the ages of 20 - 40 (for 15, 20, 25, and 30 - year term pPolicies with less than $ 1 million death benefit, if you're between the ages of 20 - 40 (for 15, 20, 25, and 30 - year term policiespolicies)

The advantage of this kind of policy is that it isn't too much more inexpensive than term life insurance and yet offers a permanent death benefit.

Because the death benefits decrease over time, these policies tend to be more affordable than a standard term life insurance policy.

Another major benefit of first - to - die term life insurance is that you will be able to access the benefits of the policy sooner than if you both had smaller individual policies.

Yes, but you neglect to consider that the money you save by opting to go with term insurance can be invested, and you'll probably be out way ahead with that money for your beneficiaries and heirs rather than if they wait for you to die and collect their benefits through a whole life policy.

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.

«I often come across people who may prefer the long - term security of a permanent life policy, but they need a bigger death benefit than they can afford,» he said, noting that term life coverage, which offers a bigger benefit for smaller premiums, is generally the better bet in that case.

As a result, the premiums will be higher than those for term at the start of the policy, but there can be more flexibility in benefits.

Unless you are especially risk - averse, it is almost always a better decision to get an inexpensive term policy, and invest the money you save yourself, rather than letting the insurance company invest it for you and reap most of the benefits.

Premium payments are also fixed for the term of the policy, but because a death benefit payout is expected more often than not, premium rates are often higher than with term life insurance.

Though the policy will cost much more than a term life insurance policy with a similar death benefit, they can be an excellent type of life insurance policy to have if you are not a saver by nature.

With term life, there is death benefit protection only, with no cash value build up — and because of that, term life insurance can frequently cost less than a comparable permanent life insurance policy (all other factors being equal).

As a secondary focus, sometimes a term life policy rider is added to a policy to add death benefit, rather than adding it to the whole life policy at the expense of cash value accumulation.

Alternatively, if it is determined that the policy has real economic value to keep, the advisor and client should consider whether it makes more sense to simply keep the policy to benefit directly from the long - term value of the death benefit, rather than sell as a life settlement (since by definition, if it's valuable to a buyer to purchase, it's valuable to the seller to keep it!).

The difference between Professor Nordhaus's optimal carbon tax policy and a fifty - year delay policy is insignificant economically or climatologically in view of major uncertainties in (1) future economic growth (including reductions in carbon emissions intensity); (2) the physical science (e.g., the climate sensitivity); (3) future positive and negative environmental impacts (e.g., the economic «damage function»); (4) the evaluation of long - term economic costs and benefits (e.g., the discount rate); and (5) the international political process (e.g., the impact of less than full participation).

(c) The benefits in terms of the possibility of implementing progressive policies such as redistribution away from the 1 per cent will more than offset the extra costs of the delay in dealing with climate change.

They can frame the issue the issue in terms of national security, religion, public health, or economics — with emphasis on policies that would lead to societal benefits rather than sacrifice and hardship.

They will be able to make medium - to long - term investments from a position of scale, deeper pockets than most law firms, and the ability to control access to work, for instance through insurance policies, membership benefits, and customer loyalty.

Disability Income - Long - Term - policies that provide a weekly or monthly income benefit for more than five years for individual coverage and more than one year for group coverage for full or partial disability arising from accident and / or sickness.

If you know you need something more permanent than term life but you don't want to sacrifice the death benefit, combining term life and whole life into one policy is a great option.

The benefit to term life is that it is much less expensive than whole life, but the con is that it does indeed expire and will not provide any benefit if the policyholder lives past the policy expiration.

Some clients will even get two policies from different carriers if they need more than 500k of life insurance because you can't beat the benefit of securing term life insurance online rapidly with no medical exam.

The product is Trendsetter LB (LB stands for Living Benefits) which is only about 30 % more expensive than their regular term policy.

* Most term life policies can not be renewed after the age of 75, which greatly skews their pay - out statistics, but in a 1993 Penn State University study less than 1 % of some 20,000 term life policies required the payment of benefits.

More Complexity: The added features and benefits available with a whole life policy do make it more complex than term life insurance.

Of course it follows that Universal policies cost much more than term because they provide lifetime coverage, death benefits and guaranteed cash value accumulation.

There are many tax advantages to owning your policy for life, rather than renting a death benefit for a term.

One such product is Trendsetter LB (LB stands for Living Benefits) which is only about 30 % more expensive than a regular term policy.

While it definitely is more expensive than term coverage, the permanent nature of the policy definitely has its benefits for certain people.