Sentences with phrase «coverage than a long term»

It also can be a less expensive way to provide long term care coverage than a long term care insurance policy.

Not exact matches

As coverage of European and American financial woes have the masses running from equities, he says, «long - term investors who are billionaires tell me they are having an easier time today than ever before in their lifetimes because nobody is a long - term investor anymore.»

And beyond economic issues, the Internet offers a huge potential for greater organizational, educational and political cohesiveness than ever before by becoming a syndication content provider (an electronic Black Sports Wire); traditional publishing (re-utilizing content creatively and cost - effectively to create books; calendars; magazines etc.); long term convergence (as BASN bandwidth increases BASN evolves into multimedia Internet / TV / Radio network with round the clock, global BASN coverage).

The coverage of living corals on Australia's Great Barrier Reef could decline to less than 10 percent if ocean warming continues, according to a new study that explores the short - and long - term consequences of environmental changes to the reef.

The details of 5G are a long way from being decided but it is expected to provide Internet connections 40 times faster and with at least four times more coverage worldwide than the current 4G Long Term Evolution (LTE) wireless communications standlong way from being decided but it is expected to provide Internet connections 40 times faster and with at least four times more coverage worldwide than the current 4G Long Term Evolution (LTE) wireless communications standLong Term Evolution (LTE) wireless communications standard.

During the middle of the 20th century term life insurance provided temporary coverage while Whole Life insurance provided coverage for those that needed it to last a lifetime (or longer than 20 years).

This means that if you know that you want coverage for a longer period of time, you'll pay a higher average premium with Colonial Penn than if you purchased a longer term policy elsewhere (such as a 10 - year or 20 - year term) since your risk profile increases with age.

Using traditional long - term care insurance planning typically provides coverage at a lower cost than hybrid policies.

«I often come across people who may prefer the long - term security of a permanent life policy, but they need a bigger death benefit than they can afford,» he said, noting that term life coverage, which offers a bigger benefit for smaller premiums, is generally the better bet in that case.

Media and influencer coverage is not only more valuable in terms of long term lifespan, but has proven to affect consumer decisions more effectively than advertising.

Waiting periods for short term disability coverage are commonly significantly shorter than they are for long term disability plans.

Disability Income - Long - Term - policies that provide a weekly or monthly income benefit for more than five years for individual coverage and more than one year for group coverage for full or partial disability arising from accident and / or sickness.

Someone who is 50 or 55 is a lot less likely to need this type of coverage, as a long duration term would probably be cheaper, but if you are 65 to 75 and need more than 10 years of death benefit, it's a consideration.

If a permanent policy is out of budget, but you still required a longer duration of coverage than a 10 year term, it may be a good idea to check out a Term - to - 90, or Universal Life to 90 type of optterm, it may be a good idea to check out a Term - to - 90, or Universal Life to 90 type of optTerm - to - 90, or Universal Life to 90 type of option.

No matter how many years of term insurance coverage you choose, you might look at your contract and see that it lasts longer than you expected.

Farmers Life Insurance offers universal coverage, which is a more permanent yet flexible type of life insurance for those who need something a bit longer than term may offer.

Insurance for short - term care is cheaper than for long - term care because it provides coverage for less time, from three months to 360 days versus more than one year for long - term care insurance.

Because PPLI is sold only to people who are extremely likely to keep their policies up to date and retain them for the long term, providers are able to offer PPLI policyholders significantly lower premiums than the general public would pay for similar coverage.

However, it's oftentimes more economically feasible to get a short - term disability policy through your employer, who may offer it for free or at a low cost, rather than paying the full cost on your own for a relatively limited policy (in terms of coverage amount and length, compared to long - term disability insurance).

The best part is that it's not any more difficult than if you were applying for a long - term disability insurance policy without group coverage already in place.

For example, an actual long - term disability insurance policy may be more expensive than a rider, but it'll provide better coverage.

Remember, getting some long - term disability insurance coverage is better than having none at all.

Short - term disability insurance pays out much higher benefits than temporary disability insurance, but neither provides the coverage you might need if a disability puts you out of work for a long time.

There are long - term and short - term versions of disability insurance, meaning you can receive coverage that lasts less than a year or coverage that lasts many years, including up to retirement.

Long - term disability insurance through work generally has more limited coverage than a policy you buy on your own.

While the premium for permanent life insurance may initially be higher than that of term life coverage, in most cases, the amount due will not increase over time — regardless of how long the insured keeps the policy.

The most popular term life insurance option on the market, the 20 year term policy provides longer coverage than its shorter - term 10 year counterpart.

Meanwhile, they routinely buy coverage to protect their lives and their homes, even though «for most people, the risk of long - term disability is far greater than of [early] death or their house burning down,» says Rich Fuerstenberg, a partner with human resources consultant Mercer.

In New Jersey, pre-existing condition limitations in long - term care insurance shall not exclude coverage for more than six months after the effective date of coverage under the policy for a condition for which medical advice was given or treatment was recommended by or received from a physician within six months before the policy's effective date.

The monthly benefit maximum is typically lower than with long term coverage and the elimination period is short, with the quickest elimination period being 0 days for an accident and 7 days for a sickness.

One notable difference between short and long term disability insurance is that short term disability insurance premiums are much cheaper than long term premiums, since the payout isn't as large and the coverage does not last as long.

Unlike traditional health insurance plans, short - term insurance policies provide medical coverage for a limited period of time, usually no longer than 12 months.

Rather than getting one big term life insurance policy that lasts a long time, the ladder strategy stacks multiple smaller life insurance policies of different lengths to save money and offer a decreasing amount of coverage.

Rather than offering coverage for only a certain amount of time as term life does, universal policies remain in force for as long as the premium payments are made.

You may decide after owning your term life policy that you need your insurance to last for a period longer than the curation of your term coverage.

This type of benefit typically requires separate full underwriting for the insured but provides more comprehensive coverage for long - term or nursing home expenses than chronic illness benefits, albeit at a higher cost.

October 23, 2016 update: China Oceanwide Holdings Group Co. agreed to buy Genworth Financial Inc. for $ 2.7 billion in cash, pledging to help the U.S. firm manage its debt and strengthen life insurance units after it was hurt by higher - than - expected losses tied to long - term care coverage.

However, some people may need coverage longer than the term they purchase.

Also, while the overall fees in a life coverage contract are generally much less than a managed account in the long run, the fees are front loaded into the policy making it a poor short term strategy.

Using traditional long - term care insurance planning typically provides coverage at a lower cost than hybrid policies.

BOTTOM LINE: If you need less life insurance than you're currently paying for, or have suffered health issues and will need coverage longer than your term policy will provide, call your agent or insurance carrier and ask them to explain your options and your GUL option date.

Though, short term life insurance has lower premium than long term life insurance policies, the coverage / policy term offered is also lower.

You should definitely look at long - term disability coverage through your association - which is often less expensive than buying on your own because the insurer is offering a group rate.

You will find that shorter term policies are less expensive than longer terms, like ordinary term life insurance coverage.

In quite a few cases, it even turns out that a GUL policy offers longer coverage and greater savings than term life insurance.

You choose a 10 year term policy if your need for coverage is a longer period than what a 5 year term or a yearly renewable term policy could fulfill.

This means that if you know that you want coverage for a longer period of time, you'll pay a higher average premium with Colonial Penn than if you purchased a longer term policy elsewhere (such as a 10 - year or 20 - year term) since your risk profile increases with age.

Term life insurance coverage can be much less costly than whole life and variable life, and the terms can be as long as 30 years.

Next, since the longest term of life insurance coverage lasts for a period of thirty years, you'll need to decide if you really need coverage for a shorter period of time than 30 years, since your needs may change (for example, get longer) as you mature and take on greater financial responsibility.

If I own a term insurance policy is it possible to extend your coverage for a longer period of time than your original policy term?