Sentences with phrase «flexible than whole life»

Universal life is a little more flexible than whole life.

It is even more flexible than a whole life insurance policy in some ways in that the death benefit, premium and savings element can be changed at any time to fit the desires and financial situation of the policy owner.

This coverage is considered to be more flexible than whole life insurance coverage, however, because the policyholder can decide how much of the premium goes into the cash value component of the policy and how much goes towards the death benefit (within certain parameters).

Universal life policies are considered to be more flexible than whole life while also being permanent.

This type of life insurance is considered to be more flexible than whole life.

Universal life insurance is more flexible than whole life, as the policy holder can alter the premium (based on certain guidelines) regarding due date and the amount.

However, these plans are considered to be more flexible than whole life insurance.

However, in many ways, UL is considered to be more flexible than whole life.

For a permanent life insurance option that provides death benefit coverage, as well as cash value, but that is also more flexible than whole life, there is universal life insurance.

Here, the policy is more flexible than whole life because the premium may be adjusted — based on certain guidelines.

This, too, offers both death benefit protection and cash value, but it is more flexible than whole life.

Universal life insurance provides death benefit protection and cash value; however, it is more flexible than whole life.

These plans, however, are considered to be more flexible than whole life insurance policies.

However, universal life is considered to be somewhat more flexible than a whole life insurance plan.

Universal Life Insurance — Universal life insurance allows policy holders both death benefit and cash value — however, these policies are much more flexible than whole life in that policy holders can choose when to pay their premiums, as well as how much to pay.

It is more flexible than whole life insurance, because you can vary your monthly payment to suit your needs and situation.

However, it is more flexible than a whole life policy.

Variable life insurance is considered more flexible than whole life insurance.

However, this type of coverage is considered to be more flexible than whole life insurance, as the insured is allowed — within certain guidelines — to alter the timing and amount of the premium, based on their specific needs.

While universal life, or UL, policies offer a death benefit and cash value build up, these types of plans are also considered to be more flexible than whole life.

This type of policy is considered to be more flexible than whole life, though, because the policy holder may choose — within certain parameters — how much of the premium will go towards the policy's death benefit, and how much will go into the cash value.

These policies, however, are considered to be more flexible than whole life.

There are various strategies you can use to withdraw the cash value from your variable life insurance policy before you die, though they are typically less flexible than whole life insurance policies.

Essentially, whereas both types provide the option to accumulate savings, universal life insurance is more flexible than whole life.

However, universal life is thought of as being more flexible than whole life because the policy holder has more control over when the premium due date is, as well as how much of the premium goes towards the death benefit, and how much goes towards the policy's cash value (within certain guidelines).

These policies are more flexible than whole life, however, as the policyholder — within certain guidelines — may choose the amount of premium that goes towards the death benefit and the amount that goes into the cash value.

However, Universal Life is more flexible than whole life, allowing the premium and face amount to change.This can be advantageous if you have either limited funds and you can not make a large premium payment or you have excess funds and you want to store up some additional cash value in your policy for a «rainy day».

These policies are much more flexible than Whole life because they allow you to adjust your premiums, death benefits or coverage.

Universal life is considered to be more flexible than whole life in that the policyholder is able — within certain guidelines — to change the due date of the premium payment, based on his or her needs.

Universal life provides a death benefit, and cash value build up, however, these policies are more flexible than whole life, as the policyholder may (within certain guidelines) alter the timing and the amount of the premium payment.

Variable life insurance is considered more flexible than whole life insurance.

Not exact matches

Whole life insurance is also commonly referred to as cash value life insurance and is arguably the most conservative and reliable type of life insurance, but perhaps less flexible than its counterpart.

For this reason whole life is generally is viewed as a less flexible form of permanent insurance than universal life.

The premiums for guaranteed universal life insurance policies will be less expensive than whole life insurance, coverage amounts are flexible, and a guaranteed universal life insurance policy can be structured to provide final expense coverage up to age 90, 95, 100, and even 121 years of age.

Universal life insurance, or UL, insurance is more flexible than term or whole life.

A universal life insurance policy can be more flexible than some other types of permanent coverage like whole life insurance.

A universal life insurance policy allows a more flexible funding structure than a whole life insurance policy while still providing permanent coverage.

The whole life insurance policy is slightly different than the universal (flexible contract) or the variable (multiple accounts) policy.

Universal life is generally more flexible than its permanent life counterpart, whole life insurance, and can be customized to provide coverage to the age of your choice: 90, 95, 100, 105, 110, or even 121.

Term life insurance policies are flexible and cost less than whole (permanent) life insurance policies.

They offer lower premiums than whole and universal life policies, and they're flexible in the amount of coverage you can get and the amount of time that coverage is in effect.