Sentences with phrase «more death benefit coverage»

By implementing the concept of leverage into life insurance, term life allows you to use less money to get more death benefit coverage.

Not exact matches

Due to the lifetime coverage and cash value, whole life insurance costs considerably more, meaning it can easily come to 10 times the cost of a term policy with the same death benefit.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

By keeping the death benefit below $ 100,000, seniors are more likely to qualify for coverage.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

It is a great option for someone young, who needs additional death benefit protection, but does not want to spend the extra amount on more permanent coverage.

The term coverage allows leverage, so more dollars are used towards the death benefit initially.

You receive more guaranteed coverage early on when your need is possibly greater and you maintain a proportional death benefit guarantee in later years when your focus likely changes to other priorities, including leaving a legacy.

For example, you may want the breadwinner to have more coverage than a stay - at - home spouse, or you may want only one person to have riders that offer extra provisions, like early access to the death benefit.

Variable life insurance premiums are much more expensive for the same death benefit coverage than term life insurance, which covers you for a set period of time — usually while you have dependents.

You can receive much more than $ 250,000 worth of coverage by opening an account with a death benefit to your spouse, or by opening an account for your child.

We can also show you how the quoting process works, and give more focus on the details such as what type of life insurance policy is right for you, how much death benefit coverage you need for your survivors and their needs, and which of the many available life insurance carriers will be able to serve you best.

You may need to purchase more coverage so that the death benefit includes the extra mortgage payments.

A typical term policy gives you coverage for a specific period of time and when that time is up, if your family has not had to use the death benefit, the money that you have paid in is a sunk cost — no cash value, and no more insurance coverage.

What this means is that it is actually more expensive to purchase coverage for $ 249,999 than it is for $ 250,000, even though the latter provides a greater death benefit.

Because term is so much cheaper than whole life insurance, you can buy a lot more coverage (meaning a larger death benefit) for the same amount of money.

There are some insurance carriers that may provide death benefits on burial insurance that are up in the range of $ 100,000 or more — and in some instances, coverage may even be closer to $ 500,000.

Someone who is 50 or 55 is a lot less likely to need this type of coverage, as a long duration term would probably be cheaper, but if you are 65 to 75 and need more than 10 years of death benefit, it's a consideration.

Our Diplomat Long Term plan provides Accident and Sickness medical coverage, Accidental Death and Dismemberment benefits, Travel Assistance and much more.

Of course it follows that Universal policies cost much more than term because they provide lifetime coverage, death benefits and guaranteed cash value accumulation.

Whole life policies (WL) can be a little more complex since the policies are designed to increase the death benefit using dividends to purchase additional coverage.

These policies are much more flexible than Whole life because they allow you to adjust your premiums, death benefits or coverage.

Our Diplomat America plan provides Accident and Sickness medical coverage, Accidental Death and Dismemberment benefits, Travel Assistance and much more.

For those just dipping their toe into the markets for the first time, or even those who need to have more liquidity to spread through their portfolios, term life provides death benefit coverage that does not tie up significant financial resources.

However there are no qualifications needed to be able to get an accidental life insurance policy and if you have exhausted options for getting a traditional policy, or want more coverage than available with a graded death benefit policy, look to get an accidental life insurance policy.

In addition, with the flexible death benefit, if you start out thinking you need a lot of coverage, but later decide less is more, then you can adjust your policy death benefit down to something more in line with your budget, rather than having to cancel and try and get a new policy.

Oftentimes, because the applicants for burial insurance are older — and therefore, are also more prone to adverse health conditions — these policies will trade off the lower amount of death benefit with the ability to qualify for coverage without taking a medical exam.

The same money spent on term coverage will get you much more death benefit than a permanent life insurance policy.

Because of the typically higher premium cost and the smaller amount of coverage, you could end up paying more for your premiums over time than your beneficiary will see in the resulting death benefits.

Because term is so much cheaper than whole life insurance, you can buy a lot more coverage (meaning a larger death benefit) for the same amount of money.

While you'll pay more for coverage, a spouse rider ensures that if your spouse dies you'll receive a death benefit just like your beneficiaries would if you die.

For example, you may want the breadwinner to have more coverage than a stay - at - home spouse, or you may want only one person to have riders that offer extra provisions, like early access to the death benefit.

You can usually buy more coverage (a.k.a. a larger death benefit) for a smaller premium with term.

Variable life insurance premiums are much more expensive for the same death benefit coverage than term life insurance, which covers you for a set period of time — usually while you have dependents.

Accidental Death Benefit Rider can be availed under the plan for a more enhanced coverage option.

Final expense life insurance provides more coverage than guaranteed issue; while guaranteed issue usually caps out at around a $ 10,000 death benefit, you can typically get up to $ 25,000 with final expense insurance.

With term life insurance, there is death benefit coverage only, without any type of cash value or savings build up — and because of that, term life insurance can often be much more affordable than a comparable permanent life insurance policy option (with all other factors being equal).

Many people buy term coverage when they're in their 20s because it seems more affordable when compared to a cash value life insurance policy with the same death benefit amount.

Level premium whole life insurance (sometimes called ordinary whole life, though this term is also sometimes used more broadly) provides lifetime death benefit coverage for a level premium.

A person pays more for insurance coverage for a longer policy term and a larger death benefit.

Instead, it just means that you may need to explore other options for coverage, like Graded Death Benefit Life Insurance (more information on this in a bit).

If an individual chooses to go with the Traditional option, their death benefit coverage can range from $ 100,000 to $ 5 million (or even more, depending on the individual situation).

It's a less expensive way to increase the death benefit for those who don't qualify for or can't afford more coverage.

The higher your death benefit (the amount that your policy pays out to your beneficiaries), the more you'll pay for coverage.

In addition to the medical insurance, it also provides many other valuable benefits such as emergency medical evacuation, repatriation of remains, loss of checked luggage, accidental death & dismemberment, identity theft assistance, political evacuation, natural disaster, terrorism coverage, trip interruption, incidental and end of trip home country coverage and many more.

There are several policy riders available to add coverage for accidental death, children's insurance, chronic care, disability waiver of premium, living benefits and more.

As you might be able to see, over time your cash value and death benefit will grow substantially simply by using your policy dividends to purchase more coverage.

You can also add, for about 8 % more, an additional $ 100,000 of accident death benefit coverage to your base policy.

The downside for these policies is that they are more expensive than traditional life insurance policies and have lower available death benefits coverage.

UL policies offer flexible premiums with potential cash value accumulation.The death benefit can be raised or lowered, providing more coverage or less depending on what your future needs are.