Sentences with phrase «consistent during the life of the policy»
Not exact matches
However, it is also possible to «back - load» the cost of the policy by choosing lower premiums during the first few years of the policy's life; the premiums increase each year to a set point and then remain consistent for the duration of the policy.
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Like standard term life, the policy is in effect for a period of time, and the premiums are guaranteed to stay consistent during that term.