Sentences with phrase «coverage than term life»

Variable life insurance premiums are much more expensive for the same death benefit coverage than term life insurance, which covers you for a set period of time — usually while you have dependents.

However, final expense insurance costs more per unit of coverage than term life insurance that runs for a specific amount of time before expiring.

Variable life insurance premiums are much more expensive for the same death benefit coverage than term life insurance, which covers you for a set period of time — usually while you have dependents.

Not exact matches

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

No medical exam life insurance policies are available for both term and whole life insurance, but the death benefits for whole life coverage are typically limited to less than $ 50,000 (while term coverage is usually limited to $ 500,000).

Permanent life insurance is generally more expensive than term life insurance because it is intended to provide coverage for your lifetime.

In addition, term life insurance policies are cheaper than other forms of insurance, so they're usually the best choice if you need a particularly large amount of 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.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

No medical exam life insurance policies are available for both term and whole life insurance, but the death benefits for whole life coverage are typically limited to less than $ 50,000 (while term coverage is usually limited to $ 500,000).

Additionally, if you're looking for only a specific period of coverage, term life insurance plans can often be less expensive than whole life insurance.

In addition, term life insurance policies are cheaper than other forms of insurance, so they're usually the best choice if you need a particularly large amount of coverage.

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 yealife insurance provided temporary coverage while Whole Life insurance provided coverage for those that needed it to last a lifetime (or longer than 20 yeaLife insurance provided coverage for those that needed it to last a lifetime (or longer than 20 years).

Initially, the premiums paid on cash value insurance, such as whole life insurance rates, are higher than those associated with term insurance, given that term insurance payments are used just to pay for current insurance coverage and not to build up cash value in the policy.

Another difference — other than the cost — between term and permanent life insurance is how much coverage you typically need.

So rather than choosing a yearly renewable term life insurance policy, choose a 10 year term for the same price over the length of time you need the coverage.

Thus, the cost per unit of coverage — usually $ 1,000 but sometimes another amount — is significantly higher than other whole life or term products on the market.

Because term life insurance has an expiration date on them, they tend to be much cheaper than the other coverage options.

If you do need permanent life insurance, it will cost more than term coverage and a guaranteed universal policy is the closest way to approximate your cost of coverage.

Banner's term life insurance policies offer flexible coverage with lower premiums than many competitors.

Mutual of Omaha offers convertible term life insurance which allows you to have a large guaranteed death benefit for a lower initial cost than permanent coverage.

And know this, when applying for life insurance as a senior, permanent life insurance underwriting is typically easier to navigate than term coverage, making cash value life insurance a better option.

Term life insurance is the most affordable life insurance type — an insurance rate you pay is often 2 - 3 times lower than premiums you'd pay for a permanent life insurance policy with a similar coverage (also called whole life insurance).

You'll likely pay a higher premium than you would for traditional term life insurance at the same coverage amount, but you'll get coverage more quickly because you won't have to go through so many hoops.

Whole life insurance is a permanent * cash value policy that provides coverage for your whole life, rather than for a specified term.

This is one of the big reasons why term life insurance is a better value than whole life — you can match coverage with actual financial need.

They're all more expensive than term life insurance for the same coverage amount.

Primerica Financial Services, also called Prime America, offers fairly standard term life insurance coverage at rates that are a bit higher than average.

While term life insurance may not necessarily be «better» than whole life insurance, term is definitely the right choice of coverage in most situations.

Whole life insurance is far more expensive than term insurance, so you can't buy as much coverage as you would with term.

Given term life insurance policies are cheaper than the cost of burial insurance, we would recommend buying term coverage and saving if this is an option.

Jeremy Hallett, founder of online insurance marketplace Quotacy, said in an interview that premiums are typically 10 times higher for whole life policies than they are for term life policies with the same death benefit because permanent insurance provides coverage for life with guaranteed level premiums.

«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.

While the initial premium on term life coverage is less than a comparable amount of permanent coverage, over time term life insurance premiums can become quite high.

A term life insurance policy may work for you if you only need coverage for a limited amount of time (such as when your children are young), especially since permanent life insurance can be more expensive than term life plans.

Term life insurance is often more affordable than permanent life insurance, especially if you only need coverage for this set period of time.

Whole life is meant to provide coverage until age 100 or beyond, so it is understandable that it will be more expensive than a term policy.

Because of this cash value and the lifetime coverage, whole life insurance has higher premiums (up to five to ten times higher) than level term life insurance.

While initial premiums are higher than with a typical term policy, it is possible for coverage to continue until death of the insured, and cash value may accrue in the policy on a tax - deferred basis that can be used to help meet financial needs during your life.

Because term is so much cheaper than whole life insurance, you can buy a lot more coverage (meaning a larger death benefit) for the same amount of money.

Because term insurance is simple; designed to only provide coverage for a defined number of years, and pays out if you die during that period it carries less risk than permanent life insurance and is more affordable.

Premiums are often much higher than a term life insurance policy with the same amount of coverage because you're paying for an insurance policy as well as putting money into the cash value portion of the policy.

For anyone contemplating buying a home, a term life insurance policy may be alot cheaper than the coverage offered by the lender.

There is no cash value associated with term life coverage, which is why premiums are often lower than for other types of insurance.

For instance, if paying for college is a major financial concern but you're pretty sure that you won't need life insurance coverage after the kids graduate, than it might make sense to buy a term policy that'll get you through the college years.

Because term life is so affordable — a healthy 30 - year - old can get a 20 - year, $ 1,000,000 policy for under $ 40 a month — it's enticing to pay for more coverage than you actually need.

Almost four in 10 Americans do not have life insurance coverage, according to a late 2012 survey by industry website InsuranceQuotes.com — and of those who do have coverage, more than a third say they don't fully understand the terms of their policies.

Decreasing Term Insurance is almost always cheaper than Whole and Universal life insurance of the same coverage amounts.

In the earlier years of a whole life policy, when you are younger, your premiums may be higher than with a term life policy for the same amount of coverage.

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.