Sentences with phrase «characteristics of permanent policies»
Living benefits and cash accounts that earn interest are characteristics of permanent policies.
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A coverage characteristic of whole life policies, sometimes called permanent life insurance, is the accumulation of cash value besides providing a death benefit.
However, the reality is that the underlying structure of permanent insurance, and the key characteristic that makes it affordable to have coverage — even in the later years of life — is that a «permanent» insurance policy actually has an ultimate maturity date, such as age 100.