Sentences with phrase «comparable term life policies»

Compared to comparable term life policies whole life insurance coverage can be quite costly.

That can be handy, as a permanent life insurance policy tends to cost more than comparable term life policies.

That can be handy, as a permanent life insurance policy tends to cost more than comparable term life policies.

The first important consideration is cost; whole life can be up to four times as expensive as a comparable term life policy, so be sure it fits into your budget.

While the premiums on permanent life insurance may be higher than those of a comparable term life policy, this is primarily due to the fact that some of the premium is going towards the cash value portion of the policy.

Because of this, as well as the cash value build - up, the premium on a permanent life insurance policy may start out to be higher than that of a comparable term life policy.

Unfortunately, monthly premiums on a universal policy are usually more expensive than a comparable term life policy and the cost of insurance only increases as you age.

As we mentioned earlier, no exam life insurance can be more a bit more expensive than a comparable term life policy that requires an exam.

Not exact matches

Most consumers forego mortgage life insurance policies altogether and choose to either purchase a traditional term life insurance policy, which is comparable in price and effectively serves the same purpose while providing more financial flexibility to beneficiaries.

At the beginning, we discussed an example of how a term policy could save you $ 8,000 per year compared to a whole life policy with a comparable death benefit.

Over a comparable period of time, a healthy 30 - year - old male would pay $ 564 per month for $ 500,000 of whole life coverage when he could be receiving $ 500,000 of coverage for $ 24 per month with a term life policy.

For example, a 35 - year - old male non-smoker who opts for $ 500,000 in coverage would pay about $ 35 a month for a term policy; the same universal life policy would cost about $ 190 a month, and a comparable whole life policy could easily top $ 250 per month.

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).

Term life insurance is simpler to understand and usually much less expensive than a comparable permanent life insurance policy, which is why term life insurance is often the better choice for the majority of consumTerm life insurance is simpler to understand and usually much less expensive than a comparable permanent life insurance policy, which is why term life insurance is often the better choice for the majority of consumterm life insurance is often the better choice for the majority of consumers.

Because there aren't a lot of «bells and whistles» on term life insurance coverage, the premium cost for these policies will typically be less than that of a comparable permanent life insurance policy — with all other factors being equal.

If you are a senior over the age of 65 looking for coverage, Protective can also be an excellent choice because they offer a Guaranteed Universal Life policy with pricing that is comparable to term insurance.

Therefore, a term life insurance policy will usually be much more affordable than a comparable permanent life insurance policy.

Protective Life Corporation, an A + rated company founded in 1907, offers a unique universal life insurance policy comparable to a term life policy, which acts like a term policy and converts to a reducing permanent policy after the requested tLife Corporation, an A + rated company founded in 1907, offers a unique universal life insurance policy comparable to a term life policy, which acts like a term policy and converts to a reducing permanent policy after the requested tlife insurance policy comparable to a term life policy, which acts like a term policy and converts to a reducing permanent policy after the requested tlife policy, which acts like a term policy and converts to a reducing permanent policy after the requested term.

It's more expensive than a standard term life insurance policy; a $ 250,000, 30 - year term mortgage protection insurance policy through State Farm, for an applicant in excellent health, is more than double a comparable term life insurance policy.

Unique UL policy that is price competitive and comparable to a term life policy.

Joint life insurance policies can be less expensive than two comparable term life insurance policies; however, they are more complicated.

Over a comparable period of time, a healthy 30 - year - old male would pay $ 564 per month for $ 500,000 of whole life coverage when he could be receiving $ 500,000 of coverage for $ 24 per month with a term life policy.

But it's also costlier than a term life insurance policy (up to four times as much for a comparable death benefit), and not as budget friendly.

With term life insurance, there is death benefit coverage only, without any type of cash value or savings build up — and because of that, term life insurance can often be much more affordable than a comparable permanent life insurance policy option (with all other factors being equal).

With no cash value, the premiums on term life insurance are oftentimes very affordable in comparison to a comparable permanent life insurance policy.

A solid term life insurance plan costs between 10 % -12 % of what a comparable whole life insurance plan would cost, but it lacks the investment vehicle that made whole life policies so popular.

Custom Choice UL 10 Custom Choice UL 10 is a universal life insurance policy with initial planned premiums comparable to traditional term life insurance.

Because of this more «basic» type of coverage, term life insurance is usually much more affordable than a comparable permanent life insurance policy — with all other factors being equal.

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.

Roughly assuming that whole life insurance is about 8 to 12 times the cost of a comparable 20 year term policy, the left over money NOT SPENT on a whole life policy allows the insured to save a huge amount of money in 401Ks, Roths, HSAs, Saving Accounts, and by paying down their mortgage early.

Depending on your age and medical condition, you may not be able to purchase an additional term life policy at a comparable price.

Because of this, term insurance is typically more affordable than a comparable permanent life insurance policy.

Therefore, while the amount of a permanent life insurance policy's premium may start out higher than that of a comparable amount of term coverage initially, over time a permanent policy's premium could end up to be less.

The cost for whole life insurance coverage can be up to several times more expensive than a comparable term life insurance policy.

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.

Whole life policies are typically very expensive and easily cost 10X or more than what you would pay for a comparable term life insurance policy.

Because of both the death benefit and the cash value component that are offered with permanent forms of no exam life insurance, the premium for these types of policies is usually higher than it is for a comparable amount of no medical exam term life insurance protection.

Because of this, even though term life insurance policies will often start out with a lower premium than a comparable permanent policy, at a higher age, the insured will typically have to pay much more.

Premiums for this type of policy are initially higher than a comparable term policy, however the premiums are level for life.

While this means that the premium may be more than that of a comparable term life insurance policy, these policies also offer the ability to build up a nice amount of tax - deferred savings over time.

Certainly, one of the key advantages of the term life insurance products that are offered through Primerica is the lower rates (as compared to a comparable permanent life insurance policy).

Because of this, term life insurance can often be much more affordable than a comparable permanent insurance policy.

Because term life provides death benefit coverage only, it is typically not as costly as a comparable permanent policy that provides the same amount of coverage along with cash value builds up.

The cost for whole life insurance coverage is much more expensive than a comparable term 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.

By purchasing a term life policy over a comparable amount of permanent life insurance coverage, you will be savings a great deal in premium.

Therefore, for someone who is on a fixed budget, a permanent life insurance policy may be a good option — even though these policies will oftentimes start out with a higher premium cost than a comparable term insurance policy with the same amount of death benefit.

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).

This is because term life insurance for seniors is cheaper than comparable permanent policies, and the term policy will cover you and your family for the duration of time you need it.

In this case, provided that an insured continues to show evidence of insurability at periodic intervals, his or her renewal premiums will remain comparable to the premiums for newly issued term life insurance policies.