Sentences with phrase «initially than a term policy»

These policies have a higher premium initially than a term policy, but the coverage is for your lifetime.

Not exact matches

And if you are in need of a larger death benefit initially than your budget allows, you can add a term life rider to your policy to enhance your initial death benefit.

Initially, the premiums paid on cash value insurance, such as whole life insurance rates, are higher than those associated with term insurance, given that term insurance payments are used just to pay for current insurance coverage and not to build up cash value in the policy.

While initially cheaper than permanent life insurance (see our whole life insurance rates chart), term life insurance policies have some down side.

While typically an initially more expensive option than term insurance, premiums on this type of policy usually remain consistent as you age.

While the premium for permanent life insurance may initially be higher than that of term life coverage, in most cases, the amount due will not increase over time — regardless of how long the insured keeps the policy.

Initially has more expensive premiums than term life insurance, but can potentially save you money over the life of the policy if in force for a considerable number of years

Although whole life premiums are initially higher than term premiums, whole life policies develop «cash values».

If it's discovered that your health is worse than you knew it to be when you completed your application, your policy benefits as initially issued will not change for the term of years you select.

Therefore, while the amount of a permanent life insurance policy's premium may start out higher than that of a comparable amount of term coverage initially, over time a permanent policy's premium could end up to be less.

While these policies may cost more in premium (at least initially) than a comparable term life plan — with all other factors being equal — there are some definite advantages to going with a permanent life insurance policy.

Premiums for this type of policy are initially higher than a comparable term policy, however the premiums are level for life.

However, the premiums for a whole life policy will initially be higher than a with term life policy.

Premiums for whole life insurance can be much higher than premiums you would pay initially for the same amount of term insurance, but they are smaller than the premiums you would eventually pay if you were to keep renewing a term insurance policy until the insured's later years.

Whole life insurance premiums are generally higher initially than those for term life insurance because the premiums are guaranteed to stay the same for the life of the policy.

And if you are in need of a larger death benefit initially than your budget allows, you can add a term life rider to your policy to enhance your initial death benefit.

Permanent life insurance naturally costs more (because it provides coverage up until you die with no term expiration), but why would renewing a term life policy cost more than what you pay initially?