Sentences with phrase «of a whole life insurance policy lies»

The benefit of a whole life insurance policy lies in its guarantees.

Not exact matches

Therefore, the major difference between Whole Life Insurance policies and different types of Term Life Insurance policies lies in the fact that the former protect you against the inevitable - your death that can befall you at any time, whereas the latter protect you against the possibility of your death within the period when your coverage is in effect, be it one year, five years, or thirty years.

Not only could a result from a medical test show that you lied, causing the whole application to be declined, but you run the risk of having your life insurance policy canceled after it goes into effect.