Sentences with phrase «initial high death benefit»

We are focusing on strong companies that offer the option to generate high cash value, as opposed to an initial high death benefit.

We are focusing on strong companies that offer the option to generate high cash value, as opposed to an initial high death benefit.

Not exact matches

The higher premium amount coupled with the lower initial death benefit amounts are the biggest disadvantage to universal life insurance option B.

The cash values accumulate more quickly because of the higher initial premiums and lower initial death benefit.

Another top cash value company and policy, Pacific Life's Pacific Indexed Accumulator (IUL) is designed for high cash value growth, rather than a high initial death benefit.

The reason for quicker cash accumulation is the higher initial premiums along with a lower starting death benefit associated with this option.

Term Rider: Due to the higher initial cost of permanent policies, you can supplement your coverage with a term rider to increase your death benefit coverage until your cash value has a chance to catch up.

Should you die while the policy is in force, your beneficiaries will receive not only your the initial face value as a death benefit, but also it's common for dividends to buy additional insurance by way of what are called «paid up additions», so the death benefit could actually be higher than the face value at the purchase of the policy.

Because it is whole life, premiums never increase, but your initial monthly cost will be substantially higher than the term counterpart of the same death benefit amount.

Their term life provides protection for a certain amount of time plus a cash benefit upon death while their permanent life insurance package provides long - term protection but a higher initial premium.

Term life insurance policies have many benefits including lower initial premiums and a high death benefit.

I got this because it is funded by two small pensions and begins with high initial death benefit while avoiding term insurance expenditure, and is not intended to use for banking, but using the ALIR annual $ 2k cash addition to get the poilicy up to self sufficiency several years early becasue my pensions funding it would stop on my death.

Lifetime Builder focuses on a lower initial death benefit with higher cash value growth potential.

He wanted high cash value growth vs a large initial death benefit.

Another top cash value company and policy, Pacific Life's Pacific Indexed Accumulator (IUL) is designed for high cash value growth, rather than a high initial death benefit.

Irda recently issued letters to all life insurance companies, seeking details on three types of traditional plans: those where death benefit is defined as a return of premium (with or without interest), products in which the initial death benefit is significantly high and reduces subsequently during the currency of the contract, and products in which insurance cover is insufficient / insignificant in relation to the premium, i.e. products mostly of the savings type.