Sentences with phrase «duration of a whole life policy»

Guaranteed level premium means that your premium payment will remain level, or fixed, for the duration of the whole life policy.

Not exact matches

Ordinary level premium whole life insurance has level premium payments for the duration of the policy, typically until age 100.

The primary differences between the two policies are the cost, the duration of coverage, and that whole life insurance includes a cash value component.

However, both term life and whole life insurance will have fixed premiums over the duration of the policy.

This policy is a final expense whole life policy and provides coverage for the duration of your life.

*** From the day you purchase a whole life policy, you will be covered for the duration of your life.

Whole life policies are designed to protect you for the duration of your life, even if you live into your 90s.

Unlike a term policy, whole life lasts for the duration of the customer's life; it does not expire after a certain amount of time.

This is a completely underwritten whole life insurance policy with fixed level premiums that last throughout duration of the policy.

This policy is a final expense whole life policy and provides coverage for the duration of your life.

*** From the day you purchase a whole life policy, you will be covered for the duration of your life.

Just like a whole life insurance policy, you are guaranteed coverage for the duration of your life as long as you pay the premium.

Whole life insurance policies provide life insurance coverage protection throughout the duration of the insured policy owner's lifetime.

When considering that whole life has a traditionally low rate of return and is exposed to high fees throughout the duration of the policy, the tax savings rarely offset what is lost in the investments held by insurance plans.

Whole Life policies are in force for the entire duration of the insured's lLife policies are in force for the entire duration of the insured's lifelife.

This is unlike whole life policies that force you to commit to paying premiums for the duration of your life.

Whereas a term policy may be a good option for someone who is covering a «temporary» need, permanent life insurance, such as a whole or universal life policy, could be better for an individual who plans to keep the policy in force for the duration of his or her entire lifetime.

For traditional whole life insurance, the amount and duration of premium payments are the same for as long as the insured is alive, but some whole life policies allow you to pay premiums in a single installment, or for a shorter period such as 20 years or until age 65.

Some traditional whole life policies however provide for a modified premium payment schedule where the required premium payments may be lower in the early years and then increase to a higher amount which will then remain level for duration of the policy.

In contrast, whole life provides fixed premiums for the entire duration of the policy.

Unlike the Whole Life Guaranteed Issue policies available that last for the duration of a person's life, the NCE plan expires at ageLife Guaranteed Issue policies available that last for the duration of a person's life, the NCE plan expires at agelife, the NCE plan expires at age 80.

Whole Life: Yes, this refers to the duration of the policy.

Ordinary level premium whole life insurance has level premium payments for the duration of the policy, typically until age 100.

Some life insurance policies provides coverage for whole life, while some covers risk of untimely death for a specific duration.

Whole life insurance itself is a type of permanent life insurance, which means that the premium is set for the duration of the policy, and does not increase over time as is common with some other types of insurance (such as term life insurance).

Be mindful that several life insurance companies will provide the option on your behalf to modify your term life insurance to a whole life policy over the duration of the insured time.

By investing in a whole life insurance policy, you are guaranteed coverage for the duration of your life.

Whole life coverage provides you with lifetime protection for as long as you live, while term insurance lasts for the duration of the policy term up to 30 years.

Graded Premium Life is actually Graded Premium Whole Life Insurance coverage under which the initial premiums are less than normal for the first few years of the policy, then the premiums gradually increase each of the next several years, until they become level (or the same) for the duration of the life insurance polLife is actually Graded Premium Whole Life Insurance coverage under which the initial premiums are less than normal for the first few years of the policy, then the premiums gradually increase each of the next several years, until they become level (or the same) for the duration of the life insurance polLife Insurance coverage under which the initial premiums are less than normal for the first few years of the policy, then the premiums gradually increase each of the next several years, until they become level (or the same) for the duration of the life insurance pollife insurance policy.

On the plus side, you will benefit from level premiums throughout the duration of your Metlife Guaranteed Acceptance Whole Life policy.