Sentences with phrase «initially than whole life insurance»

Term life insurance rates are lower initially than whole life insurance rates.

Not exact matches

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.

One very compelling reason to buy term life insurance is that term life insurance rates can be initially lower than whole life rates.

Permanent life insurance (e.g. whole life insurance, term to 100, and universal life) has premiums that are initially higher than term life insurance, but because the premiums remain level for life are actually less expensive over the long term.

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.

Many people initially overlook the rising cost of insurance because universal life insurance is less expensive than whole life insurance.

Term life is just like renting your insurance and is less expensive initially than whole life.