Sentences with phrase «coverage over a specific period of time»

The customer pays a premium for coverage over a specific period of time.

Level term life insurance policies provide a fixed amount of coverage over a specific period of time.

Not exact matches

When you purchase this insurance policy, you are insured for a defined amount of coverage, at a fixed premium, over a specific period of time (10, 15, 20, or 30 years).

Data coverage is stored based on observations over a specific period of time whether annually, monthly, or daily.

Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.

There's «annual renewable term,» which gives you one year of coverage at a time that you renew annually, «level premium term,» which you buy for a specific multiyear period — 10, 15, 25 or 30 years and «return of premium» which is like a level term policy but gives you all your money back after your term is over if you do not pass away.

An endowment plan is a life insurance policy that provides life coverage along with an opportunity to save regularly over a specific period of time so that they can receive a lump - sum amount on the maturity of the policy.

Level term insurance is a type of life insurance in which coverage is provided for a specific period of time, over the course of which the value of the death benefit and the price of the premiums do not change.