Sentences with phrase «entire life of the insured»

Permanent life insurance lasts for the entire life of the insured as long as the premium is paid.

Whole life insurance provides protection for the entire life of the insured and provides a set level of security for your loved ones.

Universal life insurance provides protection for the entire life of the insured and builds cash value over time while offering flexible premiums and a flexible face amount.

Both types can be guaranteed to cover the entire life of the insured.

Whole Life Whole life insurance provides guaranteed insurance protection for the entire life of the insured, otherwise known as permanent coverage.

Permanent life insurance lasts for the entire life of the insured as long as the premium is paid.

On the other hand, a «whole» or «universal» policy is considered permanent, providing coverage for the entire life of the insured.

Whole life insurance provides coverage for the entire life of the insured.

Unlike term - life, whole life insurance offers protection for the entire life of the insured.

Both types can be guaranteed to cover the entire life of the insured.

A permanent life insurance policy that provides insurance coverage for the entire life of the insured and generates cash value.

Since the coverage is designed to last for the entire life of the insured, there is no need to renew the insurance.

Permanent Life Insurance, such as whole life, universal life or variable life, is designed to provide insurance protection for the entire life of the insured person.

Unlike term life insurance, which must be renewed from time to time, permanent life insurance lasts for the entire life of the insured person.

Whole life insurance is guaranteed to be in place for the entire life of the insured.

This means that coverage is in force for the entire life of the insured — but only if you continue to pay your monthly premium!

Also, some companies offer the benefit of extending the cover over the entire life of the insured, subject to some restrictions.

Universal life insurance is meant to last the entire life of the insured person, no matter how old they are when they pass away.

Whole life policies are expected to eventually require a death claim because they last the entire life of the insured person, they accrue cash value, and they pay out dividends.

This type of coverage offers a stated amount of protection for the entire life of the insured individual — provided that the policy's premiums are paid that the policy is not lapsed or cancelled.

Whole life insurance and Universal life insurance are two types of permanent life insurance, both providing coverage for the entire life of the insured person.

Universal life insurance is another form of permanent life insurance, meant to be there for the entire life of the insured person.

Policy owners can even take withdrawals from the cash value late in the policies life, and still have enough value to keep the policy in force for the entire life of the insured.

The premium is paid for the first 10 - 15 years and the insurance cover is extended till the entire life of the insured.

Where a term policy has a fixed time period for guaranteed premiums, a standard whole life insurance policy offers fixed premiums for the entire life of the insured.

Whole life insurance is designed to be a life insurance solution that lasts for, as its name suggests, the entire life of the insured.

Whole Life Plans: A whole life policy provides life insurance cover for the entire life of the insured person or up to a specified age (the age varies from company to company but is mostly above 85 years).

Permanent life insurance provides death benefit protection for the entire life of the insured — as long as the premiums are paid and the policyholder does not cancel the policy.

The key benefits of securing a permanent life insurance policy are that it ensures life insurance protection for the entire life of the insured, and it also provides a death benefit to the beneficiary regardless of the age of the policy.

The key benefits of securing a permanent life insurance policy is that it ensures life insurance protection for the entire life of the insured, and it also provides a death benefit to the beneficiary regardless of the age of the policy.Permanent life insurance will provide financial security for your family / dependent / other beneficiary during your lifetime and after your death.