Sentences with phrase «for duration of the policy»

Ordinary level premium whole life insurance has level premium payments for the duration of the policy, typically until age 100.

When you buy your term insurance you're locking in your rate for the duration of the policy.

Once you «lock it in,» you can count on those premiums for the duration of your policy.

These tend to offer full or almost - full salary for the duration of the policy period or disability, whichever ends first.

By purchasing a policy today, you can save money in the long term and secure coverage for the duration of your policy term.

Their premiums are also promised to not increase for the duration of their policy.

These plans typically offer less sizeable benefit amounts, some with premiums that do not change for the duration of the policy.

For the duration of your policy, the premium will stay exactly the same and you'll also have opportunities to convert your term life to a more permanent solution should you think it necessary at any point.

When you add up the savings, month after month - year after year - for the duration of the policy, you can save -LSB-...]

This type of coverage promises that a policyholder's premiums will not increase — nor will their benefit decrease 0 for the duration of the policy.

Level Term V: Coverage is level for the duration of the policy.

It is more typical to go with a longer term since you will have a level rate for the duration of the policy.

Getting a policy at a younger age can also lock you into lower rates for the duration of that policy as long as premium payments are made.

A «guaranteed level premium» policy means that the premium will remain the same — that is, «level» — for the duration of the policy.

Decreasing term life insurance — sometimes called «mortgage insurance» — offers a death benefit that shrinks over time, and a premium that remains the same for the duration of the policy.

However, it is also possible to «back - load» the cost of the policy by choosing lower premiums during the first few years of the policy's life; the premiums increase each year to a set point and then remain consistent for the duration of the policy.

The annual premium, or «rate,» for a term life insurance policy is determined at the time of purchase and set for the duration of the policy.

The insurance premium can be either paid for the duration of the policy term under the Regular pay option or for a short term under the Limited Pay option.

People are guaranteed the same level premium rate for the duration of the policy, so they do not have to worry about costs increasing over time or due to health issues.

By helping you better understand your driving behaviour and what could affect your insurance premium, you can save up to 20 % on the cost of your car insurance premium when you download and use our telematics app for the duration of your policy.

Term life insurance policies are pretty cut and dry: as long as you pay the premium in full and on time, you are covered for the duration of the policy.

These policies have a level premium for the duration of the policy.

Once you «lock it in,» you can count on those premiums for the duration of your policy.

This is a simple term that provides pure protection for the duration of the policy with the ability to convert to a permanent plan.

Choose «level term insurance» if you want your premium to stay the same for the duration of the policy.

You can lock in a premium rate today that won't change for the duration of your policy, for as long as your premiums are paid.

Premium payments either remain the same for the duration of the policy or increase periodically.

A no lapse universal life policy is usually locked in until age 100 or 121, the premiums are locked in and the coverage will not change for the duration of the policy.

The way to save here is to pay for premiums for the past months to get you under the 6 months, in order to lock in the rate for younger age for the duration of the policy.

Most term policies require level premium payments for the duration of the policy, though there are some policies which charge increasing premiums which rise as the insured person ages.

Some traditional whole life policies however provide for a modified premium payment schedule where the required premium payments may be lower in the early years and then increase to a higher amount which will then remain level for duration of the policy.

For the duration of your policy (until you pass away), your death benefit will remain at the same and your premiums will not change even if your circumstances do change.

The face amount of the policy remains level for the duration of the policy.

Insurance premium can either be paid for the duration of the policy term under the Regular Pay option or for a short period under the Limited Pay option

The death benefits usually remain level for the duration of the policy except in the case of the decreasing term policies.

Ordinary level premium whole life insurance has level premium payments for the duration of the policy, typically until age 100.

Premiums also stay level for the duration of your policy.

Whole life insurance itself is a type of permanent life insurance, which means that the premium is set for the duration of the policy, and does not increase over time as is common with some other types of insurance (such as term life insurance).

If you choose a non-cancelable supplementary disability insurance policy, your premiums will remain fixed for the duration of the policy.

Waiver of Premium rider: If you become disabled, the waiver of premium rider will kick in after 6 months and pay your premiums for the duration of your policy or your disability.

Term life has rates that remain the same for the duration of your policy term if you have level term insurance coverage.

When you add up the savings, month after month - year after year - for the duration of the policy, you can save thousands of dollars or more just by choosing the right company.

Instead of paying low premiums when you're young and very high premiums when you're older, you pay the same amount every year for the duration of your policy term.

First, the premium on a term insurance policy remains level for the duration of that policy's term.

Non-cancelable is a good benefit to include in your LTD policy because it provides you with the stability of locked in fixed premium payments for the duration of the policy.

Many policies offer level premiums for the duration of the policy, such as 10, 20, or 30 years.

As a ten - year policy, your premiums will remain guaranteed for the duration of the policy and you can remain protected while your children are in college or as you pay off your mortgage.

The premium maybe a limited time one or one which you keep paying for the duration of the policy.

Like we mentioned earlier, GUL provides premiums at a fixed rate for the duration of your policy that are guaranteed to stay the same until whatever age you decide (90, 95, 100, etc.).

Once the policy is in place, changes in your health will not affect your rates for the duration of your policy term.