Sentences with phrase «limits than traditional life insurance»
Guaranteed issue whole life coverage has much lower policy limits than traditional life insurance.
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Guaranteed issue life insurance policies, will typically be limited to less than $ 25,000 in coverage and will have some unique features to them that are not typically found in more traditional fully underwritten policies.
This type of coverage is generally limited to policies of under $ 500,000 and is a slightly more expensive than traditional Term Life Insurance.
However, guaranteed issue life costs more than traditional life insurance and provides a limited amount of coverage, typically between $ 5,000 and $ 50,000.
Burial and Final Expense life insurance policies, will typically be limited to less than $ 25,000 in coverage and will have some unique features to them that are not typically found in more traditional fully underwritten policies.
LIC (Life insurance Corporation) is set to launch one more traditional policy which is Limited Payment Endowment Plan.The main feature of this new plan is, the payment of premiums is limited to a term shorter than the Limited Payment Endowment Plan.The main feature of this new plan is, the payment of premiums is limited to a term shorter than the limited to a term shorter than the policy.