Sentences with phrase «coverage decreases in value»

These policies are issued for an amount equal to the balance of the mortgage, and the coverage decreases in value over time, making them a form of decreasing term life insurance.

The difference is that instead of offering a locked - in amount of coverage that lasts over the entire term — the duration of the policy — the coverage decreases in value at a set rate.

Not exact matches

The bottom line is that in - house fundamental research and active security selection may have increasing opportunity to add value if company coverage decreases.

A family income policy provides the death benefit in a unique way, but may not provide the full coverage needed with its decreasing value.

You can also save by lowering the amount of coverage you have as your car gets older and decreases in value.

Announcer (voiceover): There are typically two types of property coverage you can choose from: Actual Cash Value, which means that your belongings are covered for their replacement cost minus depreciation, reflecting the decrease in an item's value due to its age, condition or other facValue, which means that your belongings are covered for their replacement cost minus depreciation, reflecting the decrease in an item's value due to its age, condition or other facvalue due to its age, condition or other factors.

Universal life insurance is a flexible permanent coverage option that allows premium payments to increase or decrease, assuming you have enough cash value in your policy to meet your monthly premium charge.

The insurance company then calculates the annual rate at which the insurance coverage should decrease in order to mirror the value of the capital outstanding on the repayment mortgage.

In this type of policy, the monetary value of the coverage decreases as you pay down the loan.

A family income policy provides the death benefit in a unique way, but may not provide the full coverage needed with its decreasing value.

You may also need to decrease coverage to the smallest amount, but doing so may result in surrender charges on the cash value.

You can also save money by changing your coverage type as your car continues to get older and decreases in value.

Another way to save money on your New Britain car insurance rates is by lowering the amount of coverage you have as your car gets older and decreases in value.

You can also save by reducing your coverage as your car decreases in value.

• Your Home's Value: Although the market value of your home may have decreased significantly in this economic environment, don't make a quick decision to trim down your homeowners insurance coveValue: Although the market value of your home may have decreased significantly in this economic environment, don't make a quick decision to trim down your homeowners insurance covevalue of your home may have decreased significantly in this economic environment, don't make a quick decision to trim down your homeowners insurance coverage.

You can also save money in Naugatuck, CT by adjusting the current coverage for your car as it decreases in value over the years.