Sentences with phrase «instead of a whole life insurance policy»

Purchasing a term life policy instead of a whole life insurance policy will save the owner a lot of money every year that would otherwise be spent on the whole life insurance premiums.

Not exact matches

Variable life insurance is also similar to whole life insurance but, instead of having a guaranteed rate of growth, the cash value of the policy can be invested in sub-accounts offered by the insurer.

Variable life insurance is also similar to whole life insurance but, instead of having a guaranteed rate of growth, the cash value of the policy can be invested in sub-accounts offered by the insurer.

If buying cheap life insurance policy is your objective, you can choose to buy term life insurance instead of permanent or whole life insurance.

However, the entire whole life vs term life argument is moot when you understand that you can actually design a whole life policy with term insurance rider, allowing you to get both whole and term life insurance in ONE policy, instead of either / or.

This feature is so popular that you will often hear these policies called cash value life insurance instead of permanent life insurance, whole life, or indexed universal life.

Instead, you should speak to an independent agent or broker, who can help you compare whole life insurance policies from a variety of companies.

Instead of using a «run of the mill» whole life insurance policy (that basically has no cash value for the first few years), we specialize in putting as much money into cash value as possible.

Think of it like a term life insurance policy that lasts for your whole life instead of the normal 10, 15, 20, or 30 year fixed term.

While a younger policyholder may have less money to invest in a policy, he or she can opt for a term plan instead of whole life insurance to avoid added costs.

You can do the opposite as well which is one debatable theories in life insurance industry that says purchase term policy and invest the difference instead of buying whole life insurance.

Instead, you should speak to an independent agent or broker, who can help you compare whole life insurance policies from a variety of companies.

It basically means that instead of buying whole life insurance and getting half life insurance policy, half expensive savings vehicle, you should buy a cheaper term life insurance policy and invest the difference elsewhere, where you can likely get a better return.

Universal life insurance is a type of Whole Life, but the investment portion of the policy is invested into a money market instead of the stock marlife insurance is a type of Whole Life, but the investment portion of the policy is invested into a money market instead of the stock marLife, but the investment portion of the policy is invested into a money market instead of the stock market.

Instead of wasting money on whole life insurance plan that you won't need in the future, you can buy a term policy to meet your current needs and save money in the future.

One of the main reasons applicants buy a term insurance policy instead of the other options, like a standard whole life insurance plan is because of the price.

Additionally, you can borrow money against the cash value of your whole life insurance policy instead of taking out a loan elsewhere.

Instead of using a «run of the mill» whole life insurance policy (that basically has no cash value for the first few years), we specialize in putting as much money into cash value as possible.

Buying life insurance at age 36 should be pretty affordable because most clients at this age will be looking to purchase a term life insurance policy instead of whole life insurance.

Unbelievably, 80 % of the experts polled in FCG said that most Americans are better off buying Term Life insurance and investing the difference, instead of paying a much higher premium for a Whole Life policy.

Taking these arguments one by one, these are the reasons why it is not actually a risk to buy a term life insurance policy instead of whole life.

This feature is so popular that you will often hear these policies called cash value life insurance instead of permanent life insurance, whole life, or indexed universal life.

For one, you can reduce the cost of your life insurance premiums by purchasing policies with different lengths instead of getting one expensive 30 - year term life policy or a whole life policy.

This means that instead of buying a whole life policy, people are better off purchasing term life insurance and investing the difference between the cost of term and whole life into the stock market.

It works like other whole life insurance policies, except that instead of paying an annual or monthly premium, the owner only needs to pay once in a lump sum single premium payment.

The savings is so pronounced that the amount of money saved by purchasing term life insurance instead of whole life insurance is almost equal to the policy's death benefit.

Instead of purchasing individual whole life insurance policies, spouses have an option of buying Last Survivor Life Insuralife insurance policies, spouses have an option of buying Last Survivor Life Iinsurance policies, spouses have an option of buying Last Survivor Life InsuraLife InsuranceInsurance.

Instead of purchasing a lifetime coverage or whole life insurance, consider purchasing a term life insurance policy that provides a conversion option.

If you're stuck in an expensive whole life policy, choose cheaper term insurance instead and use that difference in cost to get yourself out of debt and start building some wealth.

Get a term life insurance policy, instead of whole life; you can generally buy several hundred thousand dollars worth of coverage for just a few dollars per month.

Instead of penalizing you for using your policy money before reaching the age of 59.5, a whole life insurance lets you use the available cash value whenever you need and later pay it back with the accrued interest.

If you do not think you will do well on these things (i.e. you have a preexisting condition), then instead of getting a whole or term life insurance policy, you may want to look into getting a guaranteed life insurance policy.

If you are considering the switch to save money, it may be a wise decision to consider altering the final payout of your whole life insurance to negotiate lower premiums instead of dropping the policy completely.