Sentences with phrase «coverage than term life insurance»

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.

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.

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.

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.

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.

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.

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 coverageInsurance is almost always cheaper than Whole and Universal life insurance of the same coverageinsurance of the same coverage amounts.

Because there aren't a lot of «bells and whistles» on term life insurance coverage, the premium cost for these policies will typically be less than that of a comparable permanent life insurance policy — with all other factors being equal.

You can read more on when permanent coverage might be a better choice in our article, When permanent life insurance is better than term life.

A term life insurance policy will provide the coverage you need and the premiums are lower than a permanent policy, but the permanent policy will last for your entire life.

A person in their thirties who is in good health can expect to get 30 year term life insurance of $ 500,000 of coverage for less than $ 50 per month.

A young, healthy person can get the best price on term life insurance; sometimes, a substantial amount of coverage will be less than a gym membership.

While the most affordable type of life insurance coverage will vary from individual to individual, for the most part term life insurance tends to be much less expensive than other popular types of policies.

Since the coverage only applies during a set period, term life insurance generally costs less than whole - life insurance, which covers an individual for his or her entire life.

Universal life and whole life — although these options are more expensive than term life, they provide lifelong life insurance coverage.