Sentences with phrase «comparable permanent plan»
Because of this, the premium that is charged for term life insurance is usually much lower than that of a comparable permanent plan.
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Because of this, the premium for term life insurance can be less than that of a comparable permanent life plan.
Because of that, the premium for term life are frequently more affordable than those of a comparable permanent life insurance plan.
Because of this, term life insurance policies are usually more affordable than comparable permanent life insurance plans — especially for those who are younger and in relatively good health.
It is for this reason that the premium for term coverage is typically less than that of permanent life insurance plans with a comparable amount of death benefit coverage — at least initially.
While these policies may cost more in premium (at least initially) than a comparable term life plan — with all other factors being equal — there are some definite advantages to going with a permanent life insurance policy.
Although the premium that is charged on a permanent life insurance policy will usually start out higher than that of a comparable term life insurance plan, the amount of the premium on a permanent policy will typically be locked in for life.
Because of this, the premium that is charged for term life insurance is typically less than that of a comparable permanent life insurance plan.