Sentences with phrase «much smaller death benefit»

The risk therefore exists that the policy loan plus the accrued interest will, over time, cannibalize the death benefit such there will be a much smaller death benefit payable when the insured dies.

A rider (an extra policy feature) can then be tacked onto any policy for an additional cost and provide coverage for children — which typically offers a much smaller death benefit than an adult policy.

Guaranteed life insurance typically has a much smaller death benefit than term or permanent life insurance, but will be issued few - questions - asked so long as you can pay the premium.

Although it's easier (and faster) to buy than term life, guaranteed issue life insurance offers much smaller death benefits and is typically available only for shoppers in certain age groups (for example, age 50 through 80).

Although it's easier (and faster) to buy than term life, guaranteed issue life insurance offers much smaller death benefits and is typically available only for shoppers in certain age groups (for example, age 50 through 80).

Not exact matches

Most policies sold through employer group plans generally only offer much smaller amounts for death benefits.

As these figures show, the cash value in a Gerber Grow - Up Plan takes decades to become sizable, and even after it doubles in size, the death benefit is much smaller than an adult would typically need.

Death benefits for your beneficiaries will be much smaller in size, compared to younger policyholders, unless you can pay high premium prices.

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As a policy with the specific purpose of covering the aforementioned expenses, the death benefit tends to be much smaller, with it ranging from $ 3,000 to $ 35,000; thus, it is much more affordable.

For instance, younger workers with small children will generally need a much higher death benefit than older workers without any kids in school.

Death benefits are usually much smaller — usually enough to cover final expenses ($ 20,000 or less).

It doesn't cost much to pump up that policy you buy on YOUR life that would have a small death benefit built in if your child passed away.