Sentences with phrase «depending on the whole life policy»

However it should also be considered that depending on the whole life policy taken out, there maybe a cash value building up that can be withdrawn at a later date if required.

Not exact matches

But, this isn't an apples - to - apples comparison, since whole life insurance is usually significantly more expensive than term life insurance, whereas a return of premium policy is usually only slightly more expensive than a basic term policy (depending on your age and profile).

And how you design your whole life policy will depend on several factors, such as your age, health, needs, goals and objectives.

Depending on the type of whole life policy you choose, you may not know exactly how your insurer is investing the money for you.

Depending on the kind of whole policy you buy, the cash portion earns interest from the life insurance company's investments, or at a predetermined rate set by the company, or in some cases from dividends of the company's annual profit.

You can buy a guaranteed issue whole life policy or 10 year, depending on which you think you would need, and just need to pass some tests.

Somewhere between term life and whole life is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife and whole life is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you choLife Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife policies, depending on the type of universal life policy you cholife policy you choose.

The historic returns of the stock market have not been shown to outpace the steady 4 % guaranteed return of a whole life policy, further benefited from potential dividend payments ranging from 2 - 3.5 % and up depending on the interest rate environment.

A term can be anywhere between 1 - 30 years and depending on your financial goals you may need another policy when the term expires and it does not include the savings & investment piece that is available in a whole life policy.

Whether or not the cash value investment aspect or loan aspect of a whole life insurance policy is important depends on spending habits, investment goals, and lifestyle decisions.

Depending on your unique situation, this article provides options to make sure that you become matched with the type of life insurance that meets your needs, whether that's term life insurance, whole life insurance or a combination of policies.

In fact, depending on the company that issues the policy, you may have to live for another 2 or 3 years in order for your family to collect the «whole enchilada».

The fact that whole life policies have fixed premiums and fixed death benefits can be either positive or negative, depending on the situation.

A properly designed whole life policy can be tailored for high cash value growth or for high death benefit, depending on your goals and objectives.

Since term life insurance protects your family for a set period of while they're still depending on your income and not for your entire life, term life insurance rates are much cheaper and offer more affordable financial protection than permanent policies like whole life.

Death benefit amounts can sometimes vary year to year depending on the type of policy (universal or whole life) that is purchased.

It can convert to a Whole Life, or Universal Life policy, depending on the company and product type.

Depending on the policy and insuring company the real value of a whole life policy starts to appear somewhere between years 14 to 20.

At the age of 67, whole life insurance can be a bit expensive depending on the policy you select.

Sometimes, it is possible to convert a term life policy into a whole life policy, but it depends on your insurance provider and their terms and conditions.

It is important to note that the term and / or whole life insurance plans (including the guaranteed acceptance policies) may not be available in all states, or the components of the coverage could differ, depending on your state of residence.

Depending on your country, there are various types of life insurance policies that cater to the life and death needs of customers, but within the United States, the two main categories of life insurance are: whole life insurance, and term life insurance — but there are several of kinds of life insurance listed under these two broad categories.

For example, if you have a $ 100,000 whole life policy that has matured, you can then cash it in and purchase a term life policy that will last for 10, 20 or 30 years depending on your age and needs for the same amount in benefits.

Permanent coverage: whole, universal and variable life is more confusing since the same policy, depending on how it is issued, can often be either guaranteed or non-guaranteed.

Cash value in a whole life policy may be treated as either separate or community property depending on the state you live in and what money was used to pay the premiums on the policy.

When comparing costs between term and whole life policies, keep in mind that premium rates differ depending on the type of term policy, the length of the term, as well as any additional riders, or amendments that alter a policy's coverage or terms.

Although possible that a whole life insurance policy could protect some of your wealth, its really going to depend on the actual situation.

However, for many severely ill people, the Guaranteed Issue Whole Life policy is the best way to get a life insurance product they can dependLife policy is the best way to get a life insurance product they can dependlife insurance product they can depend on.

Depending on the insurance company, at the end of the level term period, you may have the option to use the policy cash value to purchase a guaranteed paid - up «whole life policy» without having to prove your health.

Death benefit amounts can sometimes vary year to year depending on the type of policy (universal or whole life) that is purchased.

Whole life insurance for anyone over 65 can be very expensive depending on your policy.

Individual needs can vary depending on what life stage you are in, but whole and term life insurance policies are available to:

If you're ready to get the life insurance you need to protect the people who depend on you the most, consider these four factors that may help you find a policy for a whole lot less.

For anyone who is over 60 looking to get life insurance, it will probably be expensive to get whole life insurance depending on the policy you're after.

Depending on your policy and when you purchased it, you may end up paying rates similar to those of a whole life insurance policy.

Depending on your unique situation, this article provides options to make sure that you become matched with the type of life insurance that meets your needs, whether that's term life insurance, whole life insurance or a combination of policies.

Whole life provides a death benefit until age 100 to 121, depending on the policy, but you have to keep paying the premium as long as you live.

But, this isn't an apples - to - apples comparison, since whole life insurance is usually significantly more expensive than term life insurance, whereas a return of premium policy is usually only slightly more expensive than a basic term policy (depending on your age and profile).

With interest - sensitive whole life insurance, you can have more flexibility with your life insurance policy such as increasing your death benefit without raising your premiums depending on the economy and the rate of return on your cash value portion.

What they'll be able to use their whole life insurance policy for will vary depending on the size and type of policy you buy for them.

When the dividends paid on a whole life policy are chosen by the policy owner to be reinvested back into the policy, the cash value can increase at a rather substantial rate depending on the performance of the company.

The price of a whole life policy varies greatly depending on your age, health and behavior.

How much cash value a whole life insurance policy can build depends on such factors as your age, how long you've owned the policy, the policy's coverage amount (death benefit), and whether there's any outstanding debt from loans against the policy.

The requirements to qualify for whole life coverage depend on the particular policy and the insurance company.

Well depending on your policy, you will have the opportunity to renew or convert it into a universal life or Whole Life Insurance pollife or Whole Life Insurance polLife Insurance policy.

Depending on the life insurance company you choose to work with you may be offered a simplified whole life insurance policy with level premiums so the rate will be locked in for life.

Your life insurance rates can vary depending on the type of policy you have chosen whether it is term life insurance policy, whole life and variable life.

The price you pay for a whole life insurance policy will depend on several risk factors, including your age, gender, health, family health history, occupation, hobbies, lifestyle, if you smoke or not, driving record, height - to - weight ratio, etc..

While a universal life insurance policy offers both death benefit coverage and cash value, the premium on this type of coverage may be more affordable than that of a whole life insurance policy, depending on the insured's specific parameters.

However, depending on your goals, 10 pay whole life and 20 pay limited pay life insurance may offer some advantages to your traditional whole life policy.