A. Term insurance allows a person to acquire the greatest death benefit for
the lowest premium outlay when the policy is first issued.
Term insurance allows a person to acquire the greatest death benefit for
the lowest premium outlay when the policy is first issued.
Because of this, term life insurance can provide policyholders with a very affordable and cost effective way to purchase a large amount of death benefit for
a low premium outlay.
This method permits a financially able person (say, a favored employee) to obtain substantial amounts of needed life insurance with a very
low premium outlay on his or her part.
Because of this, term life insurance can provide policyholders with a very affordable and cost effective way to purchase a large amount of death benefit for
a low premium outlay.
Not exact matches
In a way you can get all the benefits of a whole life policy with a
lower outlay of
premium.
Although the level
premium payment method permits the policyowner to pay the
lowest up - front
outlay necessary to acquire lifetime coverage, the
premiums are still greater than the mortality costs in the early years.