Sentences with phrase «of pure death benefit protection»

It consists of pure death benefit protection, with no additional cash value or investment component.

Because of this pure death benefit protection that is offered, term life insurance is often very affordable in comparison to permanent life insurance.

Not exact matches

Term life insurance is generally less expensive and is designed to provide pure death benefit protection for a specific period of time.

Smith says most of his Millennial insurance clients are high - income earners who enjoy benefits of life insurance coverage beyond the pure death benefit protection.

Often called pure protection life insurance it is the most affordable life insurance product on the market because it offers the most «bang for your buck» in terms of monthly premium vs death benefit amount.

With this type of coverage, you can purchase pure death benefit protection, without any other «bells and whistles» such as cash value or investment options.

Because term life insurance provides just pure death benefit protection, the premiums for this type of coverage can be quite low — particularly if the insured is young and in good health at the time of application.

Term life offers pure death benefit protection only, without any cash value build up inside of the policy.

Often referred to as «pure life insurance coverage,» this type of insurance offers pure death benefit protection.

Term Life Definition: Term life provides pure death benefit protection for a specific period of time (typically 10, 15, 20 or 30 years).

A con of variable universal life insurance is that the policy can get pretty costly and is not an ideal product for someone who is looking for pure death benefit protection.

You can buy permanent life insurance (which combines elements of insurance and savings into one contract), you can buy term insurance (which is pure death benefit protection) and use some other financial product to help you accumulate savings (e.g. mutual funds inside a 401 (k)-RRB-, or you can buy permanent insurance and also buy other financial products, like stocks, mutual funds, real estate or anything else you think would make you money.

Termsurance Life Protection Insurance plan by IDBI Federal offers you with two options - a.) Pure protection cover, which offers you beneficiary with the death benefit on the account of yProtection Insurance plan by IDBI Federal offers you with two options - a.) Pure protection cover, which offers you beneficiary with the death benefit on the account of yprotection cover, which offers you beneficiary with the death benefit on the account of your death.

Especially when it is a pure protection plan like TERM INSURANCE offering higher sum assured at a nominal cost and where the insurance company has to pay a death benefit in case of insured dies during the term of a policy.

Term life is pure insurance protection that provides a death benefit if you die within a set number of years and typically nothing if you live beyond that term.»

o Pure Protection Option: In case of unfortunate demise of the life insured during the policy term, the death benefit (as applicable to the policy) is payable to the nominee.

Term insurance can be thought of as «pure protection» in the sensethat it provides only a death benefit, and then, only if theinsured dies for a reason that is not excluded by the policy duringthe term of the policy.

In addition, because term life insurance includes only pure death benefit protection, this type of coverage does not include any type of cash value or investment component.

To fulfill the IRC definition of life insurance, life insurance contracts must provide for a sufficient «amount at risk» — the pure death benefit protection that a beneficiary would receive upon the death of the insured.

Life insurance plans are of varied kinds out of which few plans are pure protection plans offering a death benefit only, whereas the others are saving or investment plans offering death and maturity benefit (whichever occurs first).

Criteria will also include the size of the business, the amount of death benefit required, and whether or not the company has a need for a cash value build up component versus just pure life insurance protection.