Sentences with phrase «entire life of the policy»

I'm currently waiting for approval for a 30 year term life policy for $ 1,000,000 that will cost me about $ 55 a month for the entire life of the policy.

So, if you're paying $ 21 per month for a 30 - year term policy, that $ 21 will never decrease or increase for the entire life of the policy.

Our term policies are called «fixed» term policies, which means the premiums are fixed for the entire life of the policy.

It remains in effect for the entire life of the policy holder.

Guaranteed universal life insurance is similar to whole life insurance because it is also considered a permanent policy, meaning it is supposed to last the entire life of the policy holder.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

These premiums, however, do not increase at all throughout the entire life of the policy.

With whole life insurance, the amount of the coverage, as well as the amount of the premium, will be fixed for the entire life of the policy.

The AIG whole life insurance policies have fixed premiums for the entire life of the policy — which will remain in force, provided that the premium is paid.

The amount of the premium will be locked in for the entire life of the policy — regardless of any changes in the health condition of the insured.

Our term policies are called «fixed» term policies, which means the premiums are fixed for the entire life of the policy.

Also, the premium will remain level throughout the entire life of the policy — even as the insured ages, and if he or she contracts an adverse health issue.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

So, if you're paying $ 21 per month for a 30 - year term policy, that $ 21 will never decrease or increase for the entire life of the policy.

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

In a Level Term Policy, the premiums are averaged out for the entire life of the policy, so monthly premiums will remain the same throughout the length of the policy life.

A level term policy will pay the same amount for a death benefit throughout the entire life of the policy, while a decreasing term policy will offer a decreasing benefit as the policy ages.

A flat extra can last the entire life of a policy, or just a few years.

The flat extra can last the entire life of the policy, or just a few years depending upon the carrier and how they underwrite the specific case.

One reason that whole life is attractive for policy holders is that the premium remains the same throughout the entire life of the policy.

First, although the premium may start out higher than term insurance premiums for the same amount of coverage, the premiums on whole life stay level throughout the entire life of the policy.

Whole life insurance will provide the fixed premiums for the entire life of the policy.

The premium that is paid into a whole life insurance policy will generally be locked in throughout the entire life of the policy.

On the other hand, Permanent life insurance provides protection that can last a lifetime or the entire life of the policy, it can even build cash value that can be used even when you're alive.

One of the biggest reasons that whole life policies can be so attractive for policyholders is that the premium stays the same throughout the entire life of the policy.

With this type of coverage, the death benefit will typically remain the same throughout the entire life of the policy, and the cash value will be guaranteed a certain rate of growth.

Modified Whole Life — A modified whole life insurance policy will require the policyholder to pay his or her premium throughout the entire life of the policy.

These can include the fact that the premium remains locked in throughout the entire life of the policy.

This coverage can be attractive to policyholders because the premium is usually locked in throughout the entire life of the policy.

b) Maximum 4 times Minor Stage Cancer benefit is payable upto a maximum of sum assured, for separate organs, in the entire life of the policy.

a) Minor Stage Cancer benefit shall be payable once during the entire life of the policy for Cancer of a particular organ.

As a result, the insurance company typically keeps the cost the same for the entire life of the policy.

When deciding on a policy, make sure you can budget in the premium over the long term or for the entire life of the policy.

Level premium whole life offers a fixed premium over the entire life of the policy.

The rate remains level for the entire life of your policy.

Gerber's final expense plans are whole life insurance coverage, which means that the amount of the coverage — as well as the premium — will be locked in for the entire life of the policy.

The permanent life insurance insures the entire life of the policy holder, which means it won't expire till you're paying the premiums.

Even though permanent life insurance offers fixed premiums throughout the entire life of the policy, these premiums will typically start out higher than those of a comparable term life insurance policy.

However, it is likely that this premium will remain the same throughout the entire life of the policy.