Sentences with phrase «nature of whole life insurance policy»

Not exact matches

These include (a) the cash value of one's whole life insurance policy, (b) the home equity value of one's residence, and (c) the pre-funded nature of the long - term care insurance policy.

Because of its long lasting nature, a whole life insurance policy holder will never find himself or herself without a life insurance plan — regardless of how long they need the coverage or any adverse health conditions that they may acquire over time.

As long as the cancer has not metastasized, whole life insurance is more likely to be an option compared to term life insurance — although because of the nature of these policies you will need to pay higher rates.

This client would benefit more by applying for a «fully underwritten» term or whole life insurance policy so that the insurance company would have a complete record of their prior medical condition and understand the nature of their depression and be able to make an informed decision about their life insurance application.

Many life insurance shoppers like the guaranteed nature of this type of coverage, and owning a whole life policy can provide excellent peace of mind.

In addition to the bundled nature of its policy elements, adjustable life has all the usual features of ordinary level premium whole life insurance including: