Sentences with phrase «less death benefit»

If this happens, you may end up with less death benefit and cash value than if you had purchased an ordinary whole life insurance policy.

The funny thing that happened is that life insurance companies decided it was really better for their bottom line if they could figure out a way to pay less death benefits.

Whole life does a lot more than term but is offers less death benefit for the dollar.

In the long run, you're either going to come out the same (if you're lucky), or way behind if you pay it back (and if you die, then your estate will realize less death benefit).

The theory behind this type of coverage is that as your mortgage goes down, less death benefit is needed to pay off your debt.

For examples, if you'll convert your insurance to a permanent life insurance, you have to be ready for a higher premium and less death benefits and cash value.

Convert the policy to one with a lesser death benefit, or in the case of a term policy convert to some kind of permanent insurance.

The logic is that the longer the borrower - insured lives, the more they have paid toward their mortgage and the less the death benefit needs to be to pay off the remaining balance, should they pass away.

The shorter the term and the lesser the death benefit, the lower the premium.

This type of term life insurance policy lets you renew the policy each year for the same or a lesser death benefit than what the policy was originally.