Sentences with phrase «entire life of the policyholder»

Unlike term insurance, a permanent life insurance policy is good for the entire life of the policyholder.

Whole life insurance is designed to last for the entire life of the policyholder, and the amount of life insurance coverage also remains level throughout the length of the policy.

Voluntary whole life protects a policyholder and his family throughout the entire life of the policyholder.

A term - life insurance policy covers a specific period of time, generally 10, 20 or more years, whereas the whole life insurance policy is for the entire life of the policyholder.

While whole life insurance offers coverage for the entire life of the policyholder, term life insurance has a fixed period of time where the premium remains level.

Whole and universal life insurance are in place for the entire life of the policyholder.

Whole life insurance is good for the entire life of the policyholder, as long as premiums are current.

Whole life insurance, also commonly referred to as permanent life insurance, is a life insurance policy that is good for the entire life of the policyholder, even if they live past 100.

You can find some policies which can be converted to more permanent life insurance which typically provides coverage for the entire life of the policyholder while also building cash value for them that they can cash in when they get older.

Permanent life insurance is more expensive because it can last the entire life of the policyholder and has additional fees due to the investment component (see Insurance as an Investment?

Permanent life insurance is life insurance that remains in effect for the entire life of the policyholder.

The most significant benefit of cash value life insurance is its ability to offer coverage for the entire life of the policyholder.

Life Annuity: Annuity is payable through the entire life of the policyholder.

Life Annuity guaranteed for 5, 10 or 15 years: Annuity is payable to the policyholder for a guaranteed period of 5, 10 or 15 years and thereafter, the entire life of the policyholder.

Whole life insurance is commonly referred to as permanent life insurance, which is a life insurance policy that is good for the entire life of the policyholder, even if you live past age 100.

In contrast, whole life plans do not have a fixed term & the plan is effective till the entire life of the policyholder or 100 years, whichever is earlier.