Sentences with phrase «life insurance premiums because»

A smoker pays more in life insurance premiums because life insurance is all about risk assessment.

While «calculating mortality» sounds grim and it may seem cruel to raise your life insurance premiums because of your family, this is the world of insurance.

Not only will you save money on the cigarettes you no longer buy, but you'll also enjoy savings on your life insurance premiums because life insurers offer lower rates to non-smokers.

The premiums, which are based on age and the amount of insurance purchased, may be less expensive than individual life insurance premiums because of an employee group discount.

There may be higher life insurance premiums because your employer is no longer subsidising these premiums

While «calculating mortality» sounds grim and it may seem cruel to raise your life insurance premiums because of your family, this is the world of insurance.

Not exact matches

Variable and universal life insurance policies are often favored because they allow you to use the policy's cash value to pay premiums.

Because your life insurance premiums are paid with after tax dollars, the death benefit is able to be paid out in lump sum without any state or federal taxes being withheld.

Compared to term life insurance, GUL policies have a higher premium because they cover a longer period of time.

Traditional term life insurance is the best option for most families because of how affordable it is; however, if you can afford to regularly pay the increased ROP premiums without fail, then it's something to be considered.

ART premiums start out lower than that of level term life insurance, but because they increase significantly, we typically do not recommend ART.

Regular term life insurance is the best option for most families because of how affordable it is; however, if you can afford to regularly pay the increased ROP premiums without fail, then it's something to be considered.

However, because the premiums for term insurance become more expensive as you get older, cash value insurance, which has level premiums, may be the more economical option if you want coverage throughout your life.

The same argument applies to the life and medical insurance premiums people pay because there is no cheaper, more efficient public program for dealing with the costs of medical care and old - age security.

Variable and universal life insurance policies are often favored because they allow you to use the policy's cash value to pay premiums.

Homeowners insurance premiums usually can not be deducted from a tax return because most people only use their home for personal purposes — they live in it.

And because upscale living deserves premium insurance, choose the available Frisco, TX Renters Insurance and keep your new home safe from any eventinsurance, choose the available Frisco, TX Renters Insurance and keep your new home safe from any eventInsurance and keep your new home safe from any eventualities.

If you're looking for a set premium because you have a budget or don't trust yourself to invest wisely, whole life may be the best permanent life insurance policy for you.

Because of this, premiums on whole life are significantly costlier than what you'll find with term life insurance (discussed below).

This may seem like a fast, easy way to get life insurance, but because the insurance company has no insight into your health condition, your premium will be much higher for the amount of coverage that you buy.

Permanent life insurance is called such because it is in force permanently (as long as you pay your premium payments).

Term life insurance is not available as a standalone policy on children (because the term would likely be over by the time they needed income replacement for their own families), but a permanent policy will last their lifetime so long as the premiums are paid.

Because irrevocable life insurance trusts are a separate legal person (entity), money can be gifted to the trust and then used to pay premiums.

First, because it is no longer considered life insurance, the policy can be funded with as much premium as you want.

So, if your company is the beneficiary, which is kind of the point of key person insurance, then the premiums are not deductible (similar to a personal life insurance contract) because the death benefit is not subject to taxation.

However, this issue will be touched on again below because dividends paid by mutual whole life insurance companies are generally not deemed INCOME but rather a return of premiums.

Because this type of life insurance is so easy to be approved on, the premiums are much more expensive when compared to fully underwritten life insurance.

Whole life insurance is much more expensive than term life insurance — often 4 times as expensive for the same death benefit — because the premiums are going toward: the accumulating cash value, fees and charges (more on this later), and the death benefit (i.e., the life insurance).

Cash value life insurance has a certain opportunity cost element to it because you are taking a large amount of your money and putting it into life insurance premiums.

Also, because the federal government insures these loans, you have to pay an upfront mortgage insurance premium (currently, the fee is about 1.75 %) and annual mortgage insurance (typically 0.85 % of the borrowed loan amount), which remains throughout the life of the loan (or until you can refinance the loan into a conventional mortgage).

However, you will have to renew or find a new policy if you outlive your term life insurance and your premiums will almost certainly increase because you will be older.

Traditional term life insurance is the best option for most families because of how affordable it is; however, if you can afford to regularly pay the increased ROP premiums without fail, then it's something to be considered.

Other Universal Life plans can see costs rise throughout the duration of the policy because of possible changes in interest rates or costs of insurance, but a GUL policy will always be the same premium cost for each payment.

Compared to term life insurance, GUL policies have a higher premium because they cover a longer period of time.

In this instance, Prudential's term life insurance premiums will often be lower because Prudential uses your actual birthday and would still consider you age 40.

It's mostly because whole life insurance is expensive, and policyholders struggle to keep up with the premiums as time goes on.

ART premiums start out lower than that of level term life insurance, but because they increase significantly, we typically do not recommend ART.

People that opt for permanent life insurance at an early age often find that because premiums are higher than with term life insurance, they skimp and buy less insurance than they really need to replace lost wages, pay off a mortgage or pay for their children's college education if they die.

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.

Because term life insurance premiums are more affordable, a person is more likely to opt for an amount that makes more fiscal sense.

Regular term life insurance is the best option for most families because of how affordable it is; however, if you can afford to regularly pay the increased ROP premiums without fail, then it's something to be considered.

For seniors, this may be critical because term life insurance for seniors premiums increase with age and may be prohibitively expensive for those over age 65.

Of course, unpaid life insurance premiums can eat up the cash value; however, this objection is nonsense because this is a function of how the policies work and actually acts as a benefit.

Because premium financing is primarily for affluent individuals, there is an even better likelihood, in my opinion, to be able to negotiate favorable loan terms in a way similar to negotiating private placement life insurance.

However, whole life insurance premiums are more expensive than term life insurance because of the additional cash component and would need to be considered when deciding on purchasing a whole life insurance policy.

People like term life because the insurance premiums are typically lowest, at least at first.

In this way, premium financing for life insurance is also similar to real estate, because it isn't just the equity that is being purchased but also the cash flow and tax advantages that can be realized by properly managing a real estate investment.

In many instances, life insurance companies will offer a policy holder a new policy, but with different premium amounts because the holder is now anywhere from 10 to 30 years older.

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.

Because whole life has a time frame that can stretch much longer that term life insurance, premiums are often higher.