Sentences with phrase «initial life insurance amount»

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.

In the initial years, the life insurance company deducts lot of charges from premium amount, and then it invests the remaining amount in various financial securities (depending on the type of fund you choose).

While the initial premium on term life coverage is less than a comparable amount of permanent coverage, over time term life insurance premiums can become quite high.

If the policyholder makes it past the initial two - year waiting period, the benefits stated in the policy will go into full force and the beneficiary will receive the amount listed on the life insurance.

These policies provide affordable life insurance protection, along with a guaranteed level premium amount during this initial term period.

With term life insurance, insureds can essentially obtain the most amount of coverage for the lowest initial premium price (with all other factors being equal)-- particularly those who are young and in good health at the time of policy application.

Our variable universal life insurance, with initial refund rate amounting to 88 %, demonstrates LINA Korea's firm commitment to the best customer service experience through innovation.

If you are still unsure on how much life insurance you need, after you run an initial quote you can use the needs analysis tool to help determine your coverage amount.

While the initial premium on term life coverage is typically less than a comparable amount of permanent coverage, over time term life insurance premiums can become quite high.

Guaranteed issue life insurance is guaranteed level premiums for the rest of your life and guaranteed coverage amounts after the initial graded period of 2 years.

The initial annual cost will be much higher than the same amount of term life insurance.

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 generally offer the greatest amount of coverage for the lowest initial cost — they are the most straightforward form of coverage.

The more we talk, the more they start to realize that the initial amount of death benefit they were playing around with on the life insurance quote engine on my site was way too low to make any sense in their overall financial plan.

With a single life annuity, the income stops when you die, and the initial amount invested belongs to the insurance company.

Modified whole life policies may be a good option if you want permanent life insurance coverage, but may have a difficult time paying the initial amount of premium that is due.

The dividend payment can be used to purchase more life insurance (which may reduce your initial face amount needs and therefore your premium requirement) or you may use your dividend to pay your premium.

After the initial waiting period is over the full coverage amount is in effect, just like any other life insurance policy.

For example, the initial face amount of coverage of a $ 200,000 decreasing term life insurance policy decreases by $ 20,000 each year, until after 10 years the face value of the policy equals zero.

Then at age 70, when your need for life insurance has decreased, the benefit amount reduces to half the initial amount, and at age 75 to 10 % of the initial amount.

The initial amount of life insurance that will be payable to the named beneficiary upon the death of the insured.