Sentences with phrase «effective than term insurance»

Not exact matches

Generally speaking, converting your individual term life insurance policy is going to be more cost - effective than converting a group life policy and you will be able to convert into a wider variety of plans.

This can make insurance bonds a tax effective long term investment for those with a marginal tax rate higher than 30 %.

Permanent life insurance: Even though permanent insurance typically costs more than term, it can provide cost - effective savings in the long run if your budget will allow for the extra expense to get a policy started early.

For many people, long - term disability insurance is a better option, because it lasts longer and is more cost - effective than short - term insurance.

In New Jersey, pre-existing condition limitations in long - term care insurance shall not exclude coverage for more than six months after the effective date of coverage under the policy for a condition for which medical advice was given or treatment was recommended by or received from a physician within six months before the policy's effective date.

However it is not necessary for you to opt for a mortgage life insurance, a basic term policy with level sum assured would be more prudent and cost effective and would suffice a larger cause than just the home loan protection!

Is there any way to prove that Term insurance is more cost effective than traditional policies (like endowment or money - back)?

For people who have high life insurance needs, term life insurance almost always fit the bill in a more cost - effective way than whole life insurance can.

With term life insurance offering affordability and simplicity, you might find that giving you and your loved ones peace of mind can be far more cost effective and convenient than you imagined.

Now that you know the full story on why whole life insurance is more expensive than term, it's easier to see how term life insurance is the most cost - effective type of policy you can own.