Sentences with phrase «death benefit decreases»

Premiums for this policy are generally low and will remain level as the death benefit decreases.

Decreasing term life insurance is a variety of term insurance in which the death benefit decreases on a scheduled basis.

The amount of your death benefit decreases each year with the decline in the balance of your mortgage.

Some insurance companies even offer decreasing term life insurance, which means the death benefit decreases over time along with your mortgage loan balance.

The death benefit decreases as the amount owed decreases.

The death benefit decreases as the balance owed decreases.

The premium of the decreasing term policy remains level for the duration but the death benefit decreases with the balance owed on your mortgage... or close to it.

The basic whole life death benefit decreases but because of the increase in cash value the death benefit remains level.

The death benefit decreases in a uniformed manner over the years.

Decreasing term insurance is a type of policy where your death benefit decreases monthly or annually (or at some predetermined rate) over the life of the policy, while your premiums remain fixed.

The death benefit decreases as the balance owed on the home decreases.

If the fund balance performs better than the assumed rate of interest, the death benefit increases, and if it performs at a lower level than the assumed rate of interest, the death benefit decreases.

With this option, your premium remains the same, but the death benefit decreases each year of the term.

The death benefit decreases annually to keep level with your mortgage balance.

If you take the cash for an emergency your death benefit decreases.

If you borrow from the cash value your death benefit decreases.

With a decreasing policy, the death benefit decreases each year, even though the premium remains the same.

With a mortgage life insurance policy, the death benefit decreases because you are continually paying down the balance on your mortgage.

With this policy, the death benefit decreases each year.

Like your mortgage balance, the death benefit decreases over the life of the policy, but it will never fall below 20 % of the original value, while premiums remain level.

With Protective Life's term insurance at year 16 the premium will remain the same at $ 245 per year, while the death benefit decreases to $ 209,348.

Each year after the term expires, your premiums stay the same, while your death benefit decreases.

With this type of term policy, your death benefit decreases over time as you pay a level premium.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

Also different: Mortgage insurance is tied to the balance on your mortgage — meaning the death benefit decreases in tandem, even though there's a good chance your premiums will remain the same.

One problem is there are companies that don't make it clear if the term policy they offer is really «level» as we have defined it or if the premium stays the same but the death benefit DECREASES.

After level term period ends, the death benefit decreases but premium amount remains level.

Decreasing term life insurance is less expensive than level term life insurance, but the death benefit decreases over time.

The insurer, in turn, is able to keep premiums level as the difference between the cash value and death benefit decreases over time, reducing their liability.

However, the premiums go up substantially each year or the death benefit decreases substantially each year.

At age 66, the death benefit decreases by 10 % every year until coverage is terminated at age 75.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

Decreasing term life insurance is a life insurance option where the death benefits decrease on either a monthly or annual basis over the life of the policy.

Because the death benefits decrease over time, these policies tend to be more affordable than a standard term life insurance policy.

Decreasing term which means that the death benefits decrease but the premium remains the same.

Decreasing Term Life Insurance — With this type of policy, the death benefits decrease over various designated time increments throughout the life of the policy, but the premiums you pay remain the same.

• Decreasing Term Life Insurance — Here, the death benefits decrease over designated time increments throughout the life of the policy, but the premiums you pay remain the same.

The death benefits decrease each year, along with the premium payments, as you pay down your mortgage.

Because the death benefits decrease over time, these policies tend to be more affordable than a standard term life insurance policy.

Decreasing term life insurance is a life insurance option where the death benefits decrease on either a monthly or annual basis over the life of the policy.

A term life insurance policy where the death benefits decrease over the life of the policy may be the ideal life insurance solution for you.

Decreasing term life insurance policies typically see the death benefit decrease at specific intervals during the course of the term.

Should your need for a death benefit decrease, certain types of life insurance may serve to provide funds for other needs.

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• Decreasing Term: Death benefits decrease over the term and the insured enjoys a fixed premium.

Not exact matches

Unlike decreasing term life insurance, the death benefit of ART policies does remain the same.

An accelerated death benefit rider allows the policyowner to receive a portion of the death benefit early when the insured individual is diagnosed with a terminal illness resulting in a decreased life expectancy.

Just keep in mind that increasing the death benefit usually requires additional underwriting and decreasing it may cause you to incur fees.

In addition, the policy's death benefit can be increased or decreased should your financial needs change.

As the names imply, decreasing term policies pay a lower death benefit over time, while level term policies maintain the same death benefit for the term of the coverage.