Cost Effective: Arguably the best reason to get this type of insurance is that it is
cheaper than traditional life insurance plans.
An accidental death policy is significantly
cheaper than a traditional life insurance policy.
Not exact matches
In the
life insurance world, the models can be faster, better and
cheaper than traditional underwriting methods, but they «do not provide the type of transparency important to producers and clients when determining the risk class.»
Traditional life insurance requires a paramedical exam; because the insurer has a better idea of your health, they're able to provide a much more accurate quote for your premiums, and this often comes at a
cheaper price
than final expense
insurance.
Often these policies are
cheaper than a
Traditional Universal
Life Insurance.