Sentences with phrase «life of the term»

-LSB-...] is in place, the premium will remain the same for life of the term period.

Once an insurance contract is in place, the premium will remain the same for life of the term period.

Prudential offers level term policies which means that your premiums are guaranteed for life of the term.

According to the company's website, they generate home loans «with the intention of servicing them for the life of the term,» with the exception of FHA - insured products, which are sold to investors in the secondary market.

Once you buy your life insurance policy, your premiums are typically guaranteed for the life of the term, which is similar to locking in your mortgage rate.

According to the company's website, they generate home loans «with the intention of servicing them for the life of the term,» with the exception of FHA - insured products, which are sold to investors in the secondary market.

This is where the premium is fixed and will not go up for the life of the term, usually 10,15, 20 or 30 years.

Making extra mortgage payments part of your savings plan is likely the most effective way to reduce your mortgage over the life of its term.

This way, based on your notification level, so you decide what's the minimum savings that interest you to at least open the door to start to discuss changing your mortgage in - term or over the life of the term, what's the savings target you're looking for, not on a monthly basis but over the remaining term?

Term life insurance offers an initially low premium, with fixed rates for the life of the term.

Because of this, you will pay more over the life of the term and will not pay off your student loans more quickly than the standard plan.

You will pay more over the life of the term as compared to the Standard Plan and, of course, you will not be able to pay off your student loans faster.

What a return of premium rider offers is that it will pay you back all the premiums you have paid during the life of the term policy at the expiration of your term life policy.

Increasing term which means the death benefits will increase at different periods in the life of the term and the premiums increase accordingly.

Level term life insurance has the same premium for the life of the term.

The argument that permanent life insurance is for your whole life while while term life policy is only for the life of the term is actually irrelevant in our opinion.

With level term insurance, the premium remains level for the life of the term; it may increase at each renewal, or the start of a new term.

Another good thing about the premiums is that they are fixed for the life of the term policy so what you're paying per month in year one, will be the same that you will be paying in the final year of the policy.

• Level Term — The premium and death benefits stay the same for the length of the term • Decreasing Term — The death benefits decrease over the life of the term with a fixed premium (generally cheaper than a level term) • Increasing Term — The death benefits increase at predetermined amounts and at specific times as does the premium you pay (can be ideal for someone who is on a tight budget now but sees better times ahead, or has a greater financial need down the road).

While some term policies feature increasing or decreasing premiums and benefits over time, these figures are fixed and won't be adjusted during the life of the term.

However, the death benefit for a decreasing term policy will gradually decrease over the life of the term.

With other life insurers, rates generally remain the same for the life of the term — we really do prefer Guaranteed Level Term Insurance.

One of the key takeaways with the difference between life insurance and home and auto insurance is that when you purchase life insurance you are purchasing it either for your entire life (in the case of whole life) or your life of your term.

The premiums you pay when you choose a term remain the same for the life of the term.

However, most policies require that you do so by or before a specific time in the life of your term policy so keep that in mind as you will not be allowed to do so after.

Many level term policies sold also allow you to convert your term policy into a permanent policy such as whole life or universal life at certain junctures in the life of the term.

When you're young, the best approach is to buy a longer term such as 20, 25 years or even a 30 year term because the premiums will remain constant for the life of the term.

The final advantage of a permanent policy is that it guarantees that you are insured for entire lifetime as opposed to term insurance which covers you for the life of the term.

The other main thing to keep in mind is that the monthly premium the company charges you will remain the same during the life of the term so you can budget accordingly.

You can typically choose your term — say, 10, 20, 30, or 40 years — and your monthly premiums stay level throughout the life of the term.

When you buy a term policy, the premiums are fixed for the life of the term.

This is where the premium is fixed and will not go up for the life of the term, usually 10,15, 20 or 30 years.

This is in contrast with decreasing term life insurance where the death benefit face amount goes down over the life of the term, while the premium remains level.

It works by returning all premiums paid by the policy owner over the life of the term.

At the end of the term, you receive the entire amount of premiums paid over the life of the term.

Term life insurance offers an initially low premium, with fixed rates for the life of the term.

A more permanent policy can help pay for your final expenses past the life of a term policy.

This conversion of the policy to whole life can occur part way through the life of the term policy, or after the policy coverage period ends, depending upon the specific policy.

Once you lock in your rates they remain level for the life of the term.

• Level Term — Both the death benefits and premiums remain the same for the life of the term • Decreasing Term — The death benefits decrease at stated time intervals but premium remains constant • Increasing Term — Both the death benefits and premium increase at specified time intervals

Included in the common features of term insurance are term options, length of term, and an option for level premiums throughout the life of your term policy.

The premium will generally be set for the life of the term, making it easy for workers to budget for the coverage they need.

Level term life insurance provides a fixed death benefit for the life of the term.

The monthly bill for this coverage could be in the $ 50 to $ 60 range, would not increase during the life of the term, and could be converted to permanent insurance in case it were needed.

As we've stated repeatedly, applying with the right companies will save you hundreds, if not thousands, of dollars over the life of a term insurance policy.

With term life you pay the same premiums at regular intervals for the life of your term policy.

Once you buy your life insurance policy, your premiums are typically guaranteed for the life of the term, which is similar to locking in your mortgage rate.