Sentences with phrase «guaranteed death benefit component»

This is because these plans offer a guaranteed death benefit component.

Not exact matches

It's easiest to explain whole life policy as two different parts: A term life - style death benefit paired with a savings account - style cash value component that provides a guaranteed, but minimal, growth rate.

This type of coverage provides guaranteed death benefit protection, along with a fixed rate of interest on the cash value component of the plan.

Because whole life insurance has an investment component and a guaranteed death benefit no matter what age you die, it will always be more expensive than term life insurance.

A fixed indexed single premium whole life insurance policy will also provide a death benefit that is guaranteed, as well as a cash value component.

Your payments stay the same, you get a guaranteed rate of return on the «cash value» investment component of the policy, and the death benefit amount doesn't change.

Comparable in construction to other whole life policies, expect a level premium, a guaranteed minimum death benefit and a small cash component.

This type of coverage provides guaranteed death benefit protection, along with a fixed rate of interest on the cash value component of the plan.

The death benefit component will usually be structured with a guarantee to never go below a certain amount.

Whole life is a type of permanent insurance coverage that provides a set, guaranteed amount of death benefit protection, as well as a cash value component.

You are buying coverage for life and a guaranteed death benefit but with an additional investment component that is — just like the name implies — non-guaranteed.

It offers a guaranteed death benefit as well as a cash savings component at a fixed monthly premium.

But unlike term policies which simply guarantee a specific death benefit value, whole life policies have an investment component and retain their cash value.