Sentences with phrase «expire after a certain number of years»

Term insurance is cheaper but expires after a certain number of years; whole is more expensive but doesn't lapse and includes an interest - gaining cash value component.

Some reloadable cards expire after a certain number of years regardless of when you last uploaded money to the card.

It's usually a term policy, which means the coverage expires after a certain number of years.

They are never term life insurance policies (term life plans are temporary life insurance policies that expire after a certain number of years).

Many traditional life insurance policies expire after a certain number of years, or at a specific age.

It's never a term life policy that expires after a certain number of years.

Some types of life insurance expire after a certain number of years, while other types last forever.

Insider Tip: A term life insurance policy is one that expires after a certain number of years.

However, if you'd prefer to have a policy that could provide the cash value * to pay off debts and don't want to worry about it expiring after a certain number of years, you may want to consider a permanent life insurance policy.

It's usually a term policy, which means the coverage expires after a certain number of years.

Unlike term life insurance, which expires after a certain number of years, permanent life insurance, such as whole life or universal life, provides lifelong protection and pays a death benefit regardless of when the insured dies.

Although a policyholder may enjoy extremely cheap premiums when he or she is young, term products expire after a certain number of years, or when the insured reaches a certain age.

Another is that the policy is permanent, unlike a term policy which expires after a certain number of years, so the company is more likely to pay a benefit.

Not exact matches

When library collection managers purchase an audiobook, they do not expire after a certain number of checkouts nor do they have buy them again after one year.

This is because these policies do not expire like term life insurance does after a certain number of years.

Term life insurance policies only cover the policyholder for a certain, preset number of years, after which they expire and the policyholder will have to buy a new policy, often at increased premiums due to advanced age.