Sentences with phrase «of term life policy because»

The premiums on these lifetime policies are higher than those of a term life policy because these policies grow, and accumulate cash tax - free.

Level term insurance is the most popular type of term life policy because it's easy - to - understand, and offers the maximum coverage at the lowest cost, for a period of up to 30 years.

I look forward to the day when I outlive each of those term life policies because it will mean that I'm alive and a need was taken care of.

Not exact matches

Compared to term life insurance, GUL policies have a higher premium because they cover a longer period of time.

In terms, I think of inflation and bond markets, it took six, seven, eight, maybe 10 years of high inflation in the 1970s before you had Paul Volcker brought in to say «enough is enough,» and then again whether it's led by American monetary policy but similar moves in Europe, obviously in the UK, a significant tightening of monetary policy because people got fed up with inflation and I don't think that we are kind of yet at the point where real wages have been suppressed so much by that irritation that inflation is always running ahead, life is becoming more expensive, so we need the central bank radically to change their policy.

In the long term, many infinite banking practitioners suggest that whole life is far superior for cash value accumulation and usage because of the stability and predictability of the policy; and, we haven't talked about dividends yet.

Compared to term life insurance, GUL policies have a higher premium because they cover a longer period of time.

Because all term life policies either expire in say, 10, 15 or 20 years (or otherwise will gradually increase premiums), the greatest PRO when comparing term life is that the there is no expiration of the guarantee period on a guaranteed universal life policy, and the premiums can stay level.

However, whole life insurance premiums are more expensive than term life insurance because of the additional cash component and would need to be considered when deciding on purchasing a whole life insurance policy.

Because of this, and the fees involved with whole life insurance policies, the premiums can be as much as four times as expensive as term life insurance policies.

In this situation, consider having your children own the life insurance policy, because, if the parent (s) become institutionalized, the cash value of this policy will be includable in their assets and may have to be withdrawn, or the policy surrendered in order to pay for long - term care expenses.

If you outlive your term life insurance policy and want to renew, your costs could increase because you are now older and at an increased risk of dying.

A return of premium life insurance policy is nice because you have life insurance coverage for a specified period of time, but if you live beyond that term, then you get the value of the premiums that you have paid returned to you.

Jeremy Hallett, founder of online insurance marketplace Quotacy, said in an interview that premiums are typically 10 times higher for whole life policies than they are for term life policies with the same death benefit because permanent insurance provides coverage for life with guaranteed level premiums.

«Sometimes, term life insurance is the only viable solution initially because of minimal cash flow, but if you have a convertible policy, you can potentially convert it into permanent life insurance over time.»

The long - term care rider is the most complicated rider to price out because it's basically like another insurance product on top of your life insurance policy.

The point of a term life insurance policy is to terminate when the term is up, because at that point you'll probably have fewer expenses (mortgage, college, kids) and won't require the death benefit.

Premium payments are also fixed for the term of the policy, but because a death benefit payout is expected more often than not, premium rates are often higher than with term life insurance.

Because there are many possible permutations and complications that can come about as a result of blood clots or emboli, life insurance companies will decide whether to underwrite a term life insurance policy or not based on the individual details of each case.

But term life has a fixed expiration date and if you outlive the policy purchasing another one could be costlier because of your age.

With term life, there is death benefit protection only, with no cash value build up — and because of that, term life insurance can frequently cost less than a comparable permanent life insurance policy (all other factors being equal).

However, these policies are not always cheaper than say, a 10 - year term policy, because the life insurance company has to recover all of it's costs right up front.

Because of its importance, it's imperative to be both educated and mindful of how you choose the beneficiaries for your term life insurance policy.

Because of that term life policy my siblings and I were able to go to college and rebuild our lives.

That's how long the policy is active, because term life policies automatically expire after a set number of years.

Premiums are often much higher than a term life insurance policy with the same amount of coverage because you're paying for an insurance policy as well as putting money into the cash value portion of the policy.

The court also rejected the defendant's use of the 1976 amendment to the policy and the parol evidence rule to demonstrate an underwriting purpose for the disputed terms to avoid the stacking of income benefits, because the benefits were for impairments to the activities in daily living and not income replacement alone,

Some clients will even get two policies from different carriers if they need more than 500k of life insurance because you can't beat the benefit of securing term life insurance online rapidly with no medical exam.

It's also why we will typically recommend folks avoid applying for a simplified issue life insurance policy simply because these «types» of life insurance policies are often times more difficult to qualify for than a fully underwritten term or whole life insurance policy.

The reason Term Life insurance is so cheap is because only about 1 % of all term policies result in a death clTerm Life insurance is so cheap is because only about 1 % of all term policies result in a death clterm policies result in a death claim.

This is also referred to as «Term for Life» insurance because it is a permanent life insurance policy that has level premiums for the rest of your lLife» insurance because it is a permanent life insurance policy that has level premiums for the rest of your llife insurance policy that has level premiums for the rest of your lifelife.

Because of that, term life will frequently be cheaper than a permanent policy, with all other factors being equal.

Universal life insurance will also be more expensive than term life because of the investment portion of your payments for this kind of policy.

Well, you're in luck, because a number of companies offer a Guaranteed Universal Life policy, with a no - lapse guarantee and Long Term Care Benefits!

Because there aren't a lot of «bells and whistles» on term life insurance coverage, the premium cost for these policies will typically be less than that of a comparable permanent life insurance policy — with all other factors being equal.

The premiums are much lower and the credit requirements of the purchaser also less stringent because the customer is assuming a greater risk than with a whole life policy — that if they die it will be within the pre-specified term.

If you are looking for cheap life insurance, affordable Term life insurance will always have the lowest premium but they should be considered a temporary policy because Term insurance is purchased by term lengths of 5 to 30 yeTerm life insurance will always have the lowest premium but they should be considered a temporary policy because Term insurance is purchased by term lengths of 5 to 30 yeTerm insurance is purchased by term lengths of 5 to 30 yeterm lengths of 5 to 30 years.

In most cases, term life insurance is not subject to Federal income tax, state income tax, or estate / inheritance taxes, and because it lacks the whole cash value of a permanent policy is also generally not subject to capital gains tax.

The financial strength of a life insurance company is highly important because a life insurance policy is a long - term commitment.

Having a life insurance policy, no matter what the term, makes sense because it will take care of your family in the event of your unexpected passing.

However, Term Elite differs from Term Essential because it offers a conversion credit if you convert your policy to one of Prudential's whole life policies within the first 5 years.

If you are a senior over the age of 65 looking for coverage, Protective can also be an excellent choice because they offer a Guaranteed Universal Life policy with pricing that is comparable to term insurance.

Permanent life insurance is more expensive because of the cash value accumulation feature and can easily cost 10 times more than what you would pay for a term policy.

This is because unlike whole life insurance, term life policy is designed to cover you for a specific period of time and also has lower premiums.

However, these policies are not always cheaper than say, a 10 - year term policy, because the life insurance company has to recover all of it's costs right up front.

Because of that, a term life insurance policy can often be quite affordable — even for a large death benefit amount.

That's because with this type of coverage, part of your monthly premium goes into an account that builds up cash value this does not happen with a term life insurance policy.

Term life has more flexibility in coverage than permanent life policies because it offers temporary coverage for a predetermined period of time and is more affordable for families on a budget.

Because term life insurance only pays out if the policyholder's death occurs during the term of their coverage period, policy premiums are generally lower than whole life insurance.

If i am healthy 30 yrs old and get, lets say a 20 yr term life, when it expires at age 50 wouldn't i be paying higher premiums to get another policy at 50 because of my age?