Sentences with phrase «large traditional life insurance policy»

For some people, they might be at a stage of life where they no longer need a large traditional life insurance policy.

Not exact matches

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.

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.

The Traditional Term life insurance policy may be good option for those who are interested in keeping their premium payments low, and who are also seeking a large amount of life insurance protection.

Many of the features and options inside an Indexed Universal Life Insurance policy mimics a Traditional Universal Life Insurance with the biggest difference being that gains are usually larger.

Short term life coverage is intended to be a fallback life insurance plan to carry you through a temporary lapse in your coverage, so the death benefits are usually not as large as those of traditional term life policies.