This product is currently only available for term life, but it has the potential to
change the entire life insurance landscape.
Not exact matches
Guaranteed Rates: A
life insurance policy provision that guarantees the premium rates will not
change during the
entire term of the policy.
Term
life insurance is serious business; it
changed my
entire life when I was 17.
Guaranteed Rates: A
life insurance policy provision that guarantees the premium rates will not
change during the
entire term of the policy.
Rather, choosing fixed premium whole
life insurance for final expense or burial
insurance is a better route since the premiums do not
change for the
entire policy.
Whole
life insurance covers you for your
entire life and the premium never
changes.
Level term
life insurance is guaranteed to stay the same price for the
entire term of your policy regardless of
changes to your age or health, but you can cancel the policy at any time without penalty.
The cost of permanent
life (or whole
life insurance) is more than term
life insurance because it covers you your
entire life and you don't need to worry about the premiums ever
changing, increasing or your policy running out.
Most other term
life policies are for the
entire term and will not
change, for instance if you bought a 30 term
life insurance policy from another company, the rates would be guaranteed for the
entire 30 years.
The major benefit of whole
life insurance plans is that they protect you for the
entire length of your
life, and are suitable for someone who buys a policy early as the premium does not
change throughout the term of the policy.