Sentences with phrase «on a permanent life insurance policy»

However, young people are in the best position to lock in a low rate on a permanent life insurance policy while they are still healthy.

There is no set time limit on a permanent life insurance policy — and, the plan will typically remain in force, provided that the premium is paid.

However, this is primarily because a portion of the premium on permanent life insurance policies is going into the cash value component.

Using the cash value on your permanent life insurance policy for emergencies, opportunities, and buying big tickets can be a great thing if done correctly.

Your premium payments on a permanent life insurance policy may accumulate cash value on a tax - deferred basis.

There is no expiration on a permanent life insurance policy, so once this type of insurance has been purchased, the policy will continue — provided that the premium is paid.

If you're young and fit, now is the best possible time to get started on a permanent life insurance policy and to pay the same low rate your entire life.

Earnings on a permanent life insurance policy's cash value are not taxed as long as the policy remains in force.

For this reason, it is a wise choice to lock in a low rate on a permanent life insurance policy now, rather than when you are older.

There is no specific time limit on a permanent life insurance policy.

For example, if a customer has homeowners insurance with a particular company they will more than likely receive a better rate on a permanent life insurance policy.

Most people would be better off buying Term and investing the money they would save making payments on a permanent life insurance policy.

If you opt to visit a doctor every year, and your medical exams come up clean, then those with a Wellness for Life rider on their permanent life insurance policy will be given a discount.

Spousal discounts are more often seen on permanent life insurance policies.

For more information on permanent life insurance policies, including whole life, be sure to visit Protective's Life Insurance Learning Center.

Although the premium that is charged on a permanent life insurance policy will usually start out higher than that of a comparable term life insurance plan, the amount of the premium on a permanent policy will typically be locked in for life.

Specified cash value on a permanent life insurance policy lets the lender access those funds as a loan repayment if the borrower defaults.

Although it might sound appealing that you're not required to pay back any amount you borrow from the cash value amount on a permanent life insurance policy, it can severely decrease the benefit your beneficiaries will receive when you die.

® Wellness for Life ® is a rider on a permanent life insurance policy that gives you a discount on your insurance costs if you visit the doctor at least every other year.

For more information on permanent life insurance policies, including whole life, be sure to visit Protective's Life Insurance Learning Center.

There is no set time limit on a permanent life insurance policy's coverage, as many of these plans are intended to provide coverage for the remainder of an insured's lifetime (provided that the premium is paid).

When you pay your premium on a permanent life insurance policy, part of your premium is allocated for insuring your life, the «death benefit», and part goes toward building cash value, the «living benefit».

If you can afford to pay a little more for your coverage, you can lock in a rate on a permanent life insurance policy, such as whole life or universal life.

Because of this, as well as the cash value build - up, the premium on a permanent life insurance policy may start out to be higher than that of a comparable term life policy.

Unlike term life insurance, there is no time limit on a permanent life insurance policy, provided that the premiums continue being paid.

On some Permanent Life insurance policies the cash value increases to the point where monthly premiums become unnecessary, and the life insurance policy effectively «pays for itself».

However, on a permanent life insurance policy, a waiver of premium rider may cost up to 3 - 5 % of the total annual premium for your life insurance coverage.

If you can afford to pay a little more for your coverage, you can lock in a rate on a permanent life insurance policy, such as whole life or universal life.