Sentences with phrase «life insurance policy types against»

When it comes to pitting life insurance policy types against one another, term life insurance versus whole life insurance is like Ali vs Frazier.

When it comes to pitting life insurance policy types against one another, term life insurance versus whole life insurance is like Ali vs Frazier.

Not exact matches

Renters insurance, which is a type of policy called an HO - 4, gives you some financial protection against natural disasters or common theft that can affect your living space and things.

Like other types of cash value life insurance policies which allow policy loans, most annuity contracts allow owners to borrow against the annuity contract's accumulated cash value.

Renters insurance, which is a type of policy called an HO - 4, gives you some financial protection against natural disasters or common theft that can affect your living space and things.

Just like with other types of permanent life insurance policies, cash can be withdrawn or borrowed from the policy, however, an unpaid balance will be charged against the death benefit should the insured die prior to the money being repaid.

If a permanent life insurance policy doesn't make sense for your personal financial situation, don't be tempted by promises of growth in the future or the ability to borrow against the value — often, other types of investments are smarter in the long run.

Rather than preparing to borrow against a life insurance policy, families should carefully evaluate the costs and types of available insurance to make sure they are buying life insurance which is both affordable and appropriate for their financial circumstances.

As a «Buy Term Invest The Difference» type of company, Primerica only sells term life insurance and actively campaigns against other types of permanent policies like universal life and whole life.

Therefore, the major difference between Whole Life Insurance policies and different types of Term Life Insurance policies lies in the fact that the former protect you against the inevitable - your death that can befall you at any time, whereas the latter protect you against the possibility of your death within the period when your coverage is in effect, be it one year, five years, or thirty years.

But you can't borrow against a term life insurance policy, which is the more common type.

Certain types of life insurance also offer the ability to take a loan against the policy.

The good news is you can insure your family against this type of uncertainly by purchasing a good life insurance policy.

Since whole life insurance will be with you until that inevitable day it will cost you more than other common types of life insurance.Whole life allows the owner to borrow against the cash in the policy.

This type of health insurance policy offer monetary protection against expenses for treatment of some specific life - threatening critical ailments like cancer, massive heart attack and the likes.

With other types of policies, variations in dividend payments (which can be used to pay against premium), cash value, and costs of insurance in the case of universal life policies can all create variability with the amount of premium required to keep the policy in force and the ultimate death benefit.

When you compare life insurance rates and quotes from some of the top life insurance companies, it is important that you compare against the average cost of life insurance for different types of policies and terms — it's really the only way to know you are getting the lowest premiums.

The living benefit acts as a type of «lien» against the life insurance policy, thereby reducing the overall death benefit that is eventually paid out to your beneficiaries upon death.

Just like with other types of permanent life insurance policies, cash can be withdrawn or borrowed from the policy, however, an unpaid balance will be charged against the death benefit should the insured die prior to the money being repaid.

Renters insurance, which is a type of policy called an HO - 4, gives you some financial protection against natural disasters or common theft that can affect your living space and things.

And with some types of life insurance, you can take loans against your policy without tax penalties.1

Aside from water - related disasters, a Hudson Bend insurance policy is also your ultimate source of protection against other types of events that can disrupt your quality of life.

Whole life and universal life insurance are types of permanent life insurance plans that accumulate cash value as the policy owner pays premiums, and the owner can borrow against that cash value.

For example, you can borrow against the accrued cash value on most permanent life insurance policies, and some types of policy will even allow you to participate in deciding where and how your premiums will be invested, which can yield a higher cash value.

With whole life insurance, you can borrow against the amount you have paid in, called cash value, and some type of policies will even allow you play an active part in how the money you pay in is invested, which has the potential earn money for you while you are alive.