Sentences with phrase «more traditional life insurance policies»

One of the most obvious benefits is that, when compared to more traditional life insurance policies, final expense insurance policies are relatively easy to qualify for.

Unlike more traditional life insurance policies, burial insurance often has a simplified application with only a few questions, and without a medical exam.

Whereas with your more traditional life insurance policies, they are much harder to qualify for.

Since they were intended to be a tool to ensure seniors have a plan to pay off their final expenses, they have some very unique benefits you won't find with your more traditional life insurance policies.

And, just like more traditional life insurance policies, the policy's cash value accumulates tax deferred.

For seniors or people who can't qualify for a more traditional life insurance policy, but who are only at moderate health risk.

For this reason, it can be a good fit for older people or someone with health concerns that may prevent them from securing a more traditional life insurance policy.

For this reason, burial insurance may be a good fit if you're older or have health concerns that may prevent you from securing a more traditional life insurance policy.

Usually, a more traditional life insurance policy will require that you buy at least $ 25K - $ 50K in coverage.

In this more traditional life insurance policy, the premiums stay the same over the life of the policy, which stays in effect until your death, even after you've paid all the premiums.

Not exact matches

Choices for key person insurance could then range from a simple term life policy to an indexed universal life policy (IUL) to a more traditional whole life policy (cash value life insurance).

Most consumers forego mortgage life insurance policies altogether and choose to either purchase a traditional term life insurance policy, which is comparable in price and effectively serves the same purpose while providing more financial flexibility to beneficiaries.

While guaranteed issue life insurance is ideal for people whose health disqualifies them from coverage under a more traditional policy, don't assume this is the case in your situation.

Guaranteed issue whole life insurance meets the needs of people with health conditions that would preclude the issuance of a more traditional term or whole life policy.

Much like Universal Life, Variable Life insurance is a type of Permanent Life insurance that affords the purchaser more flexibility than a traditional Whole Life insurance policy.

Even with some pre-conditions, you can apply for a «rated» traditional life insurance policy (typically more expensive than standard life insurance).

Because these policies are much smaller, the premiums are going to be more affordable than a traditional life insurance plan that has a lot larger payout.

Universal life insurance is designed to offer many of the same benefits as traditional permanent * life insurance policies such as whole life, but offers more flexibility that allows you to adjust your premiums and coverage as your needs change.

Permanent policies also cost more than a traditional term life insurance policy, with whole life being up to four times as expensive as term.

The idea behind this concept of financial leverage and potential arbitrage is that you can take loans from your life insurance policy much more easily and cost effectively than you could from a traditional bank.

The online life insurance policy and term insurance plans offers more life insurance coverage as compared to the policies that are bought through traditional ways.

No - exam policies are more expensive than traditional life insurance policies.

Simplified issue life insurance policies are typically more expensive than a traditional life insurance policy.

These plans are going to be more expensive than a traditional policy, but you can't put a price tag on the peace of mind that having life insurance is going to bring.

On the flip side, traditional life insurance policies have must more strict health underwriting.

As a result, more and more companies are focusing on innovative universal life insurance policies that offer many advantages vs traditional whole life insurance.

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 means that coverage can be issued much more quickly — often within days as versus weeks, or longer, with traditional life insurance policies.

This type of term life insurance policy is more expensive than traditional term life insurance, but the premiums remain level over the life of the policy.

This type of coverage is generally limited to policies of under $ 500,000 and is a slightly more expensive than traditional Term Life Insurance.

With a no exam policy, you're going to pay more for your life insurance coverage versus if you applied for a traditional insurance plan.

These plans are going to be much more expensive than a traditional life insurance policy that requires a medical exam.

Dollar for dollar, guaranteed issue life insurance policies are generally going to be more expensive than other more traditional types of life insurance that would require you to take a medical exam or answer health - related questions.

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.

If you still hold a mortgage loan and business loans, then you'll need to apply for a traditional life insurance policy that will give your family more coverage.

Can be more expensive compared to a traditional, fully underwritten term life insurance policy.

According to AccuQuote, a leading term life insurance policy aggregator, a 30 - year return of premium policy may cost just 45 percent more than a traditional policy of the same term.

No exam life insurance policies are more expensive than a traditional policy, but they are going to be more affordable than a guarantee issue life insurance plan.

Mortgage protection insurance policies are typically limited compared to traditional life insurance policies in regards to term lengths, death benefit amounts, and other factors, and don't offer any real benefits over a more affordable term life insurance policy.

Simplified issue life insurance is more expensive than traditional policies because the life insurance companies are skipping the critical step to fully evaluate your life insurance risk.

Permanent policies also cost more than a traditional term life insurance policy, with whole life being up to four times as expensive as term.

And while you may have a handle on the more common types of policies such as term and whole life, you may not be aware of the benefits afforded by the less traditional types of life insurance policies such as survivorship life.

Both policies cost more than a traditional term life insurance policy, but the price discrepancy is huge.

Universal life insurance is designed to offer many of the same benefits as traditional permanent * life insurance policies such as whole life, but offers more flexibility that allows you to adjust your premiums and coverage as your needs change.

It's more expensive than a traditional term life insurance policy, but it comes with a money - back guarantee.

We'll get into some numbers in a bit, but let's say you're paying $ 70 more a month than a traditional term life insurance policy for the privilege of getting that money returned.

People who want more than a traditional term life insurance policy see that both of these are more pricey and think, «If I'm paying more, why don't I just get the one that will last my whole life?

However, buyer beware: These policies generally cost way more than traditional life insurance policies and usually have a lower coverage amount.

The most obvious disadvantage, as we mentioned earlier, is that these policies are going to be more expensive than a traditional life insurance plan that requires a medical exam.

These innovative products can meet consumer demands and provide more guarantees by combining traditional long - term care insurance with the advantages of life insurance or annuity policies.