Sentences with phrase «longer guaranteed level premium»

The longer the guaranteed level premium and death benefit, the higher the price.

With the advent of longer guaranteed level premium term policies customers quit using the yearly renewable term for anything but truly short term needs.

Not exact matches

During the period that is selected, the amount of the premium rate will remain the same — and, as long as the premium is paid, the policy will guarantee a level amount of life insurance protection up to the insured's age 95.

With this type of policy, an individual can have a guaranteed death benefit, level premiums, and cash value that can offer long - term financial stability and protection.

Guaranteed level premiums - As long as you own your policy, your premiums are locked in stone.

Premiums are level and the death benefit (the amount your beneficiaries receive upon your death) is guaranteed as long as you continue to pay the pPremiums are level and the death benefit (the amount your beneficiaries receive upon your death) is guaranteed as long as you continue to pay the premiumspremiums.

-- Third - tier members (aka the status given to credit card holders) are really getting screwed: ** no longer receive upgrades to a higher room type than they booked ** no guaranteed availability ** no late checkout ** 10 % points bonus instead of 15 % ** No premium internet access — Second - tier members are now specifically excluded from being upgraded to club - level floors.

Whole life provides protection as long as you live (premiums must be paid) with a guaranteed level premium.

• Level premiums and death benefits which are guaranteed as long as the premiums are paid on time.

It also provides a guaranteed death benefit amount as long as you maintain the level premium.

In general, if shorter - term policies provide more flexibility when it comes to the costs incurred at the renewal of the policy, the advantage of longer - term policies is that they offer a better price and may guarantee level premiums over a given period of time.

Under a guaranteed renewable insurance policy the insurer is required to offer the policy holder renewed coverage as long as they make payments of their premiums, but no specific warranty is given in regard to the level of premium that customer may be charged.

Whole life insurance is so much more expensive because it lasts your whole life; you're guaranteed to die while it's in effect as long as you've been paying your premiums, so unlike term insurance your risk level is not a matter of if you die but when.

Cheaper than a whole life, a GUL can provide a death benefit up to age 121 with level premiums and a level death benefit, with guarantees attached to the policy so long as premiums are kept up to date.

It offers lifetime guaranteed level premiums, and as long as you pay your premiums, your policy can't cancel.

Farmers Decreasing Term life insurance is decreasing - term coverage with premiums guaranteed to remain level as long as the policy is in force.

You pay one single premium, and your policy is guaranteed to offer a level death benefit for as long as you live without having to pay another premium.

The premiums are guaranteed to stay level for as long as you maintain your payments, but the cost per thousand will be much higher than a traditional term policy in the first decade or more.

Also, if you want the security of knowing that your insurance will be renewed each year as long as you pay the premiums and of knowing that your premiums will be the same every year for as long as the policy is in force, get a level - premium, guaranteed renewable and non-cancellable term life insurance policy.

ACE stands for assured coverage endorsement and this is essentially a no lapse guarantee endorsement that states even though this is a cash value policy, even if there is zero cash value or not enough cash value to sustain the cost of insurance, the policy's premiums and death benefit will still stay level as long as you pay your premiums on time when they are due.

For example, a fully guaranteed 20 - year term means that your premium is guaranteed to remain the same, or level, for a full 20 years as long as you pay the premium.

During the period that is selected, the amount of the premium rate will remain the same — and, as long as the premium is paid, the policy will guarantee a level amount of life insurance protection up to the insured's age 95.

Because the insurance company is «on the hook» for a longer period of time, premium payments for guaranteed level periods of 20 and 30 years are higher than similar policies with guarantee periods of 5 or 10 years.

Some universal life policies perform like term life insurance: They can be configured at the time of purchase to provide both level death benefits and level premiums that are guaranteed for life as long as you pay the scheduled premium.

Our Simplified Whole Life Insurance policy covers you for your whole life as long as your premiums are paid, our products also offer level premiums and guaranteed cash values,

Premiums for lifetime guaranteed term are cost effective like level term premiums but the policy also offers the long term death benefit guarantees associated with whole life inPremiums for lifetime guaranteed term are cost effective like level term premiums but the policy also offers the long term death benefit guarantees associated with whole life inpremiums but the policy also offers the long term death benefit guarantees associated with whole life insurance.

United Home Life — United Home Life offers a guaranteed issue life insurance policy to consumers that guarantees level premiums and protection from cancellation as long as you continue making policy payments.

It didn't take the life insurance industry long to figure out that the traditional «mortgage life insurance» policy seen above, with increasing premiums, and decreasing benefits, could easily be beaten by a straight guaranteed level term policy.

Make sure you understand how long your premium is guaranteed to remain level (the same) before purchasing your term life plan.

Whole life premiums are higher than term life premiums and are guaranteed to remain level for as long as you own your policy.

With level premium funding, the insurer collects premiums in excess of the one year cost of insurance and then guarantees death benefit coverage for 10, 20, even 30 years as long as you continue paying premiums for the entire length of the term.

Whole life insurance is a great option when you need long term protection that offers guarantees, such as a guaranteed death benefit, guaranteed cash value growth and guaranteed level premiums.

With level premium funding, the life insurer collects premiums in excess of the one year cost of life insurance and then guarantees a death benefit coverage for a period of 10, 15, 20 or even 30 years, as long as you continue paying the premiums due for the entire length of the policy term.

Permanent insurance provides guaranteed lifetime coverage for as long as you live with level premiums, and may build some cash value inside your policy.

Premiums are level and the death benefit (the amount your beneficiaries receive upon your death) is guaranteed as long as you continue to pay the pPremiums are level and the death benefit (the amount your beneficiaries receive upon your death) is guaranteed as long as you continue to pay the premiumspremiums.

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It's also important to keep in mind that some longer term policies (such as the 30 - year and 35 - year options) only guarantee level premiums for the first 20 years.

«Make sure the insurance you have has a guaranteed rate for as long as you're going to need it»......» Don't buy any insurance that doesn't have a guaranteed level premium»!!!

Also, review the rate offered and how long the premium and coverage are guaranteed to remain level (the same).

If universal life has a no lapse guarantee then it is generally considered to be guaranteed for life as long as the level premium is paid

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With the introduction of long term guaranteed level premium policies, annual renewable term was also repriced starting out substantially below the cost of a ten year level term policy but having a cost higher than 10 year term by the 4th or 5th year.

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There is an IRS jewel that can save and use your cash value through what's call a 1035 exchange to move into a new policy and lower its» cost and help guarantee the premiums remain level for as long as you need.

You may be better off purchasing a policy with a longer level premium guarantee rather than taking the risk that your health may change.