Sentences with phrase «life of one's policy»

It remains in effect for the entire life of the policy holder.

Guaranteed universal life insurance is similar to whole life insurance because it is also considered a permanent policy, meaning it is supposed to last the entire life of the policy holder.

I'm currently waiting for approval for a 30 year term life policy for $ 1,000,000 that will cost me about $ 55 a month for the entire life of the policy.

Decreasing term life insurance provides coverage at a fixed price but the insurance amount decreases over life of the policy.

Level term insurance - provides a level amount of protections throughout life of the policy.

A premium, which is a recurring policy payment for the enactment and life of the policy coverage, is a predetermined amount of money that must be paid in full and on time by the insured on a predetermined schedule.

Premiums are guaranteed for the full life of the policy and increase on a pre-determined schedule.

The permanent life insurance insures the entire life of the policy holder, which means it won't expire till you're paying the premiums.

a) Minor Stage Cancer benefit shall be payable once during the entire life of the policy for Cancer of a particular organ.

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

Lifetime Builder ELITE also offers the potential to accumulate greater cash values over the life of the policy than other fixed - interest permanent insurance products.

Premiums are generally paid for the life of the policy, though some choose to pay a higher premium for a shortened period of time, such as 20 years, in order to make sure their policy doesn't lapse later.

This means that the policy can not be canceled and the contract provisions can not be changed without your consent, and the premiums can not be raised for the life of the policy as long as you continue to pay your premiums.

It also offers the potential to accumulate greater cash values over the life of the policy than other fixed - interest permanent insurance products.

Rewards and discounts are subject to change and are not guaranteed to remain the same for the life of the policy.

Once you add gap insurance, it can apply for as long as the life of your policy.

Convertible term life insurance allows you to extend the life of your policy by converting it to a permanent life policy.

Obtaining multiple quotes can help you find the best deal possible and save you quite a bit of money over the life of the policy.

Obtaining multiple quotes can help you find the best deal possible and save you thousands of dollars over the life of the policy.

You can change the death benefits during the life of the policy, usually after passing a medical examination, and you can pay premiums from your accumulated cash value.

The catch is that the bonus comes with an annual fee for the life of the policy, and normally has a vesting schedule as well.

The overall return rate of investment on a policy that has been in place long term can be 4.97 % or higher on an annual average for the life of the policy.

The main difference between term life and permanent insurance is that term insurance only pays death benefits to your beneficiaries, while permanent life insurance pays out death benefits and accumulates cash value which will continue to build up over the life of the policy.

You can choose locked premiums (whole life), or adjustable premiums (universal life) for the life of the policy.

If disability occurs before age 60 premium is waived for the life of the policy.

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

Level - term premiums are the same throughout the life of the policy, but increase if you choose to renew.

Whole life premiums are guaranteed to never increase, i.e. the premium is fixed for the life of the policy.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

We then amortize this asset downward by charges to income over the expected life of each policy.

The death benefit you purchase is guaranteed as a minimum for the life of the policy and can be increased over time using your cash value.

Premiums are generally paid for the life of the policy, though some choose to pay a higher premium for a shortened period of time, such as 20 years, in order to make sure their policy doesn't lapse later.

In addition to paying death benefits, it also has a cash value accumulation feature which grows over the life of the policy.

Whole life insurance (cash value life insurance) offers a permanent accruing death benefit as well as accruing cash value within the policy over the life of the policy holder based upon mortality tables.

This means that the insurance company only had to pay out $ 300,000 at the time of your death, because you had accumulated $ 200,000 in cash value during the life of the policy.

Although these policies can offer some cash accumulation over the life of the policy, borrowing against this cash, as discussed more below, could reduce or even eliminate the death benefit, cause the policy to lapse, or both.

This policy is sometimes referred to as «guaranteed whole life insurance», because insurers promise to keep the premiums constant over the life of the policy.

The return of premium rider, available for return of premium life insurance policies, and also on certain long - term care policies, disability insurance, etc., will return all of your premiums paid over the life of your policy should the term come to an end or should you wish to surrender the policy.

Emphasizing payment of only the base premiums results in a whole life policy with a maximized death benefit and extremely slow accrual of the cash value over the life of the policy.

Most term life policies feature level premiums for the life of the policy.

You can choose to make smaller premium payments throughout the life of the policy, larger payments over a shorter period (known as limited pay whole life), or lower premiums in the beginning and higher premiums afterward.

Premiums remain level for the life of the policy; as long as those premiums are paid on time, the policy remains in force and can not be cancelled for any reason.

There is simply NO other investment that can guarantee a continuous compounding return for the LIFE OF your policy AND your child.

It also offers the potential to accumulate greater cash values over the life of the policy than other fixed - interest permanent insurance products.

A decreasing term policy means the death benefit drops over the life of the policy.

The cost of insurance can be level for the life of the policy, but this isn't typical.

The primary differences are that the cash value for whole life insurance policies grows at a guaranteed interest rate and premiums are level for the life of the policy.

In some cases, depending on your medical conditions and insurer, quotes can be so high that you pay more in premiums over the life of the policy than your beneficiary receives as a payout.

Lifetime Builder ELITE also offers the potential to accumulate greater cash values over the life of the policy than other fixed - interest permanent insurance products.

An interest rate that may change over the life of the policy but offers a minimum guaranteed rate