Sentences with phrase «duration of your term life policy»

When calculating premiums for a term life insurance policy, life insurance carriers consider several risk factors, as well as, the amount of life insurance and duration of your term life policy.

Many people do outlive the duration of their term life policies, and others may choose to cancel their policies, or are unable to continue making premium payments.

Not exact matches

The duration or term of a life insurance policy is equally important as the cover amount and premiums of the policy.

These are different from paid - up insurance, however, in that the life insurance is only in force for the duration of the term specified in the policy.

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

With a term life insurance policy, you pay relatively low premiums for coverage as high as $ 500,000 to $ 1 million, and the policy remains in effect for the duration of the term, usually 10, 20, or 30 years.

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.

Just like any term life insurance policy, a 15 - year term life is locked in for the duration of 15 years.

For the duration of your policy, the premium will stay exactly the same and you'll also have opportunities to convert your term life to a more permanent solution should you think it necessary at any point.

The Level Premium Term and Spouse Level Term option offers up to $ 2.5 million in life insurance coverage for the member and his or her spouse at a rate that will not change over the duration of the ten or twenty - year level period policy.

Guardian Life Insurance provides «Level Term Insurance» which means the premiums you pay remain stable for the duration of the term of the polTerm Insurance» which means the premiums you pay remain stable for the duration of the term of the polterm of the policy.

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 an affordable level term life insurance policy that is valid for the duration of time you are looking for coverage.

A form of term life insurance coverage that provides a return of some of the premiums paid during the policy term if the insured person outlives the duration of the term life insurance policy.

Flexibility to convert term life insurance to permanent life insurance based on the duration of the policy:

In the competitive term life insurance market the premium range, for similar policies of the same duration, is quite small.

It combines elements of Traditional Life Insurance, Accidental Death and Dismemberment coverage, and Long - Term Care protection under one policy that offers guaranteed coverage over the duration of your tenure in the military.

A term life policy guaranteed to have the premium remain the same for the duration of the contract.

With a term life insurance policy, you pay relatively low premiums for coverage as high as $ 500,000 to $ 1 million, and the policy remains in effect for the duration of the term, usually 10, 20, or 30 years.

Being a pure Term Insurance Plan, no benefit will be payable to the life insured on maturity of this LIC term plan if he or she survives the entire duration of the poTerm Insurance Plan, no benefit will be payable to the life insured on maturity of this LIC term plan if he or she survives the entire duration of the poterm plan if he or she survives the entire duration of the policy

Decreasing term life insurance — sometimes called «mortgage insurance» — offers a death benefit that shrinks over time, and a premium that remains the same for the duration of the policy.

Throughout the duration of your term life insurance policy, you'll pay monthly premiums to keep your coverage in effect.

The annual premium, or «rate,» for a term life insurance policy is determined at the time of purchase and set for the duration of the policy.

The premium rate on this term life coverage will be locked in for the entire duration of the policy.

With the Gerber Life Term Life Insurance Plan, the amount you agree to pay when coverage begins is the amount you'll pay throughout the duration of your policy.

If you pass away during the term (duration) of your mortgage life insurance policy, the death benefit is paid to the person you choose (beneficiary) who can use the money to pay off your outstanding mortgage loan, and use any remaining money for any purpose, such as, living expenses, education, paying off credit cards, provide for your funeral and burial costs, etc..

Term life insurance policies are pretty cut and dry: as long as you pay the premium in full and on time, you are covered for the duration of the policy.

You select a life insurance policy in the amount of your mortgage loan, with a duration (term) that matches the duration of your mortgage loan.

And, with each of these term life plans, the premium rate will be locked in for the entire life of the policy duration.

Many consumers felt like they were throwing their money away since there was no guarantee of a beneficiary ever collecting on their life insurance policy if they outlived the duration of their term insurance.

Term life policies are active for a defined duration of 1 to 30 years.

The life insurance policies offered are for a term (duration) of 10, 15, 20 or 30 years of life insurance protection.

25 year term life insurance is a type of policy that offers guaranteed level premiums for a 25 year term duration.

A level term life insurance policy can provide the protection needed for the duration of your home loan at the lowest cost.

First, your loan terms will have an end date, so matching your term life insurance policy duration to the length of the loan may drastically decrease premiums; not many lending institutions will offer ultra long loans, depending on the business industry.

All of our term policies have guaranteed level premiums for the entire duration of the term, including and up to guaranteed 30 year term life insurance.

Life insurance rates are based on your life expectancy, the face amount you request and the length of the policy, whether it's the duration of your life (permanent life) or a specific period (term liLife insurance rates are based on your life expectancy, the face amount you request and the length of the policy, whether it's the duration of your life (permanent life) or a specific period (term lilife expectancy, the face amount you request and the length of the policy, whether it's the duration of your life (permanent life) or a specific period (term lilife (permanent life) or a specific period (term lilife) or a specific period (term lifelife).

With Gerber Life, the amount you agree to pay when your coverage starts is the same amount that you'll pay throughout the duration of your term life insurance polLife, the amount you agree to pay when your coverage starts is the same amount that you'll pay throughout the duration of your term life insurance pollife insurance policy.

With the Farmers Decreasing Term life insurance policy, coverage starts at $ 25,000 with durations of fifteen - twenty, twenty - five, or thirty years.

Level term life insurance life insurance is the most popular type of term life insurance and provides coverage and pricing that remains the same each year throughout the term (duration) of your term life policy.

Term life insurance does offer the benefit of premiums that remain the same throughout the duration of the policy and a death benefit for a specific time period.

The major difference between GUL and Term Life insurance is in the way you select the duration of the policy.

With this rider, if you outlive the term (duration) of your term life policy, you get back all the premiums you paid.

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.

Take permanent versus term life insurance policies, for instance: many people have turned to buying term life in recent years because it's less expensive than permanent, which requires a person to pay for premiums for the duration of their life.

Level term life insurance is a term life insurance policy that keeps your rates fixed for the duration of the term period.

The annual premium, or «rate», for a term life policy is determined at the time you purchase coverage and set for the entire duration of your policy term.

[x] A type of term life insurance policy which provides coverage for the duration of 1 year.

You select the «term» of your policy, which is the duration or period of time your life insurance protection will last.

In addition, since your term life rate is locked - in for the entire duration of your policy, the insurance company can not pass along increased claims or operating costs in the form of higher premiums.