Sentences with phrase «of term life insurance as»

It offers you a low - cost protection of term life insurance as well as a savings element (like whole life insurance), which you can further invest to build up your cash value.

However, you can think of term life insurance as an investment in the sense you are paying relatively little in premiums in exchange for a relatively large death benefit.

Whole life insurance policies are regularly ten times the cost of term life insurance as you're paying for permanent coverage, additional administrative costs plus funding the investment account.

Universal life insurance is a type of flexible permanent life insurance offering the low - cost protection of term life insurance as well as a savings element like whole life insurance which is invested to provide a cash buildup.

Some people seem to think of term life insurance as a kind of a marriage, holding on to the policy in sickness and in health, till death do they part.

Of course no type of life insurance coverage is perfect, and it is important to understand the negative aspects of term life insurance as well.

You can think of term life insurance as temporary life insurance.

Universal life insurance is type of flexible permanent life insurance offering the low - cost protection of term life insurance as well as a savings element (like whole life insurance), which is invested to provide a cash value build up.

Whole life insurance policies are regularly ten times the cost of term life insurance as you're paying for permanent coverage, additional administrative costs plus funding the investment account.

Experts often consider high return of premium of term life insurances as a great way of leveraging a considerable amount of cash over a certain duration of time.

Not exact matches

In terms of budgeting, as a general rule, consider between 20 and 30 percent of predicted gross sales as the baseline budget for comprehensive coverage, including health and life insurance.

Another main line of Genworth's business, long - term care insurance, is a risky but growing market, and Genworth pleased investors in 2013 by raising rates and cutting back on some benefits as customers live longer and become more costly to insure.

The benefit of term life insurance policies is that they can be structured to fit your financial situation, as you can customize several features of the policy:

Given the high cost of whole life insurance, often several times that of term, and product complexity, our analysis shows term is typically better for the majority of people as you can still get significant financial coverage for your family.

Term life insurance policies are quite cheap and can come with a variety of riders offering such assistance as disability income, waiver of premiums, and an accelerated death benefit in the case you become permanently disabled.

The primary difference between permanent and term life insurance is that term policies only provide coverage for a fixed period of time, such as 20 years.

Term insurance is for a specific period of time whereas permanent is for life as long as the premiums are paid.

In general, term life insurance is primarily used to replace your income and cover financial obligations that have a fixed length of time associated with them, such as a mortgage, student loans, or replacing your income while you're earning money.

Term policies are the cheapest form of life insurance coverage and can be tailored to the size of your debts, such as mortgages or auto loans.

Term life insurance, on the other hand, provides coverage for a specific period of time, such as 10 years or 20 years.

Just make sure that the term policy will definitely cover the entire length of a financial obligation, as you'll have a harder time finding coverage and have to pay higher rates if you still need life insurance at age 80 or 90.

A term life insurance policy offers coverage for a specified period of time, meaning that if you die during the term of the policy the beneficiary will receive the specified payout (also known as the death benefit or face value of the policy).

Term policies are generally the least expensive type of life insurance and term lengths can be for as little as one year, but policies are more commonly offered for 5 - year, 10 - year, 20 - year, and 30 - year teTerm policies are generally the least expensive type of life insurance and term lengths can be for as little as one year, but policies are more commonly offered for 5 - year, 10 - year, 20 - year, and 30 - year teterm lengths can be for as little as one year, but policies are more commonly offered for 5 - year, 10 - year, 20 - year, and 30 - year terms.

If you want coverage for a fixed period of time, such as 10 or 15 years, term life insurance will be your least expensive option, and you can purchase hundreds of thousands of dollars in coverage.

A return of premium rider is particular to term life insurance products as it allows you to recoup a portion (or all) of the premiums paid if you live past the full term.

The two primary categories of life insurance policy are term and permanent, with term policies only offering coverage for a fixed period of time, while permanent policies last so long as you continue to pay the premiums.

Short term life insurance policies, such as those with 1 - year or 5 - year terms, often have the option of being renewable, meaning that at the end of the term you can purchase the same coverage again without a new application process.

The decision of whether to buy term or cash value (also known as permanent) life insurance depends on your personal needs and how much you want to spend for life insurance coverage.

It can be bought as group term life insurance or as group permanent life insurance and may be provided for a group of employees.

Our aims are as follows: 1) to determine whether disclosure of elevated brain amyloid will bias ADCS - PACC test results; 2) to determine whether disclosure of elevated brain amyloid will cause psychological distress; and 3) to explore how learning amyloid imaging disclosure will impact preventative health behaviors, advance planning for health (e.g. long - term care insurance decisions) and well - being (e.g. stigma, quality of life and relationships).

At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.

Having the added benefit of life insurance, long and short term disability, certainly helps with day - to - day costs such as utilities and taxes, but employer disability plans usually only cover a percentage of your income.

Therefore, if you are on the younger end of the age spectrum, you might want to consider purchasing something that will be in place for longer, such as a 30 year term policy or permanent life insurance policy.

When you buy term life insurance, you select a term, such as 10, 20 or 30 years, and an amount of coverage, typically ranging from $ 25,000 up to as much as $ 2,000,000 dollars.

The cost of term life insurance will vary widely — based on your age, health and other personal factors, as well as from one life insurance company to another.

Many policies also offer you the option of converting your term policy into a permanent life insurance policy such as a universal life policy.

While these products are all structured differently, the term and whole life insurance policies would fall within the category of final expense insurance, as they have limited payouts that are better suited to covering end - of - life costs than income replacement.

As an added benefit, the life insurance death benefit of the new hybrid policy would pay off her mortgage if she passed away, assuming she didn't use the policy for long - term care.

As a result, it is often unclear how much your term life insurance rates will be, how long you are covered under a policy, and the amount of insurance coverage you need.

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tLife insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering a given period of time.

Deciding whether to purchase whole life or term life insurance is a personal decision that you should base on the financial needs of your beneficiaries as well as your financial goals.

Our life insurance products include final expense, term and permanent designs with the latest features such as critical illness coverage and an innovative approach to return of premium.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

While MetLife has a wide range of property and casualty insurance products, such as home and auto insurance, they currently just offer simplified issue term coverage for those that want life insurance.

Knowing we were going to try to become parents in the near future was a critical kick in the pants to making sure we had enough TERM life insurance to pay off the mortgage, debts (long gone) and ensure that the folks we chose as god parents for our son would have a good chunk of money to ensure lil» SPF had all he might need if we were no longer around.

As a result, there is only one major buyer of long - term corporate credit risk left in the U.S. economy: life insurance companies.

With Quotacy it only takes 30 seconds to get an anonymous term life insurance quote and once you apply your Quotacy team moves things along for you to keep the process of getting the best life insurance rates as easy as possible.

The logic goes that the main selling point of whole life insurance — that you get an insurance policy along with a cash - value component that acts as forced savings — is actually a poor decision, and you'd be better off buying a cheaper term life insurance policy and investing the money you save elsewhere with a better return and lower fees.

Term life insurance lasts a set number of years and then expires; a whole life policy lasts for as long as you pay the premiums.

Term life insurance covers you for a fixed number of years, such as 1, 5, 10, 20, or 30 and pays a death benefit if you pass away during the covered time period.