Sentences with phrase «insurance than traditional life insurance»

Why are more and more people opting for no medical exam term life insurance than traditional life insurance?

Not exact matches

These insurance policies are less pricey than traditional life insurance, since they pay benefits only after the death of both husband and wife.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

If you want final expense insurance and are unable to qualify for traditional coverage, simplified issue whole life insurance will be less expensive than a guaranteed acceptance policy.

In general, if you're relatively healthy and wouldn't mind a simple medical exam, traditional life insurance is the better option because it will likely be less expensive than a simplified issue life insurance policy.

In the life insurance world, the models can be faster, better and cheaper than traditional underwriting methods, but they «do not provide the type of transparency important to producers and clients when determining the risk class.»

It's typically less expensive than traditional life insurance, since you're unlikely to actually die due to an accident (since mishaps account for only about 5 % of deaths).

Death benefits are usually smaller than traditional life insurance policies.

If you want final expense insurance and are unable to qualify for traditional coverage, simplified issue whole life insurance will be less expensive than a guaranteed acceptance policy.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

Other tax - efficient options that you might consider, Dale, include corporate class mutual funds or ETFs that result in less tax than their traditional counterparts, flow - through shares, life insurance products or direct real estate investment.

A large portion of your premiums payments will be invested in the insurance company's investment fund in whatever asset class you prefer (stocks, bonds, mutual funds, money market funds, etc.) Over time, this has the chance to generate a much larger cash value in your insurance account than a traditional whole life policy does.

In case if your investment objective is returns / long - term wealth accumulation, there are better options than traditional life insurance plans.

Second - to - die life insurance is often more affordable than traditional single - insured life insurance with the same dollar amount in benefits.

For this reason, monthly premium costs are often much lower than traditional term life or whole life insurance policies.

Much like Universal Life, Variable Life insurance is a type of Permanent Life insurance that affords the purchaser more flexibility than a traditional Whole Life insurance policy.

Even with some pre-conditions, you can apply for a «rated» traditional life insurance policy (typically more expensive than standard life insurance).

In general, if you're relatively healthy and wouldn't mind a simple medical exam, traditional life insurance is the better option because it will likely be less expensive than a simplified issue life insurance policy.

Because these policies are much smaller, the premiums are going to be more affordable than a traditional life insurance plan that has a lot larger payout.

You'll likely pay a higher premium than you would for traditional term life insurance at the same coverage amount, but you'll get coverage more quickly because you won't have to go through so many hoops.

Responding to the changing needs of consumers, the life insurance industry has developed some alternatives that go much further in satisfying a variety of financial needs and objectives than some of the more traditional types of insurance and annuities.

Return - of - premium life insurance can cost hundreds of dollars more annually than traditional term life insurance.

Although the face value (death benefit) is typically smaller than that of a traditional life insurance policy, so are the premiums.

Permanent policies also cost more than a traditional term life insurance policy, with whole life being up to four times as expensive as term.

ROP premiums are higher than traditional term life premiums because the insurance carrier is paying out whether you live or die.

The HECV policy is designed for executives, such as key person insurance, with significantly higher early cash value than traditional whole life policies.

The idea behind this concept of financial leverage and potential arbitrage is that you can take loans from your life insurance policy much more easily and cost effectively than you could from a traditional bank.

First thing you should know is if you currently have bladder cancer or are less than 1 years from being cancer free, you can't qualify for traditional life insurance.

No - exam policies are more expensive than traditional life insurance policies.

No Medical Exam Insurance is generally only slightly more expensive than traditional Term Life Insurance.

Simplified issue life insurance policies are typically more expensive than a traditional life insurance policy.

These plans are going to be more expensive than a traditional policy, but you can't put a price tag on the peace of mind that having life insurance is going to bring.

It is important to note that because the applicants for guaranteed issue life insurance are typically those who have health issues, the premiums for these policies are much higher than those of traditional life insurance plans.

Generally speaking, guaranteed issue life insurance will cost a bit more than some other traditional types of life insurance because of the increased risk factor taken on by the insurer.

Another factor is the second to die insurance cost which is actually lower than a traditional life insurance policy.

In many cases, burial insurance is easier to qualify for than traditional forms of life insurance protection.

Guaranteed issue life insurance policies, will typically be limited to less than $ 25,000 in coverage and will have some unique features to them that are not typically found in more traditional fully underwritten policies.

Also, the face amount of coverage on a final expense life insurance policy is typically lower than that of a traditional life insurance policy.

This type of term life insurance policy is more expensive than traditional term life insurance, but the premiums remain level over the life of the policy.

Another obvious advantage is that these policies are going to be less expensive than a traditional life insurance policy.

The face value minimums for traditional life insurance are very often no less than $ 25,000 - $ 50,000.

This type of coverage is generally limited to policies of under $ 500,000 and is a slightly more expensive than traditional Term Life Insurance.

This is why life insurance with «Living Benefits» is so much more valuable than traditional life insurance.

One of the best benefits of these plans is that you can get approved for life insurance much faster than you can with a traditional policy.

The most significant pitfall is that these plans are going to be more expensive than a traditional life insurance plan that requires a blood test.

Burial insurance is a type of life insurance, but it's different than most traditional life insurance policies.

These plans are going to be much more expensive than a traditional life insurance policy that requires a medical exam.

Because the insurance company does not know the level of risk they are taking on for each individual they insure with this type of policy, premiums tend to be higher per dollar of coverage than those of traditional types of life insurance.

While standard whole life insurance policies can provide funeral and burial coverage, final expense no medical insurance policies provide superior coverage given the facts they contain a lower face value than traditional life insurance policies.

Dollar for dollar, guaranteed issue life insurance policies are generally going to be more expensive than other more traditional types of life insurance that would require you to take a medical exam or answer health - related questions.