Sentences with phrase «ordinary level term life policy»
As a life insurance rider within your policy, having the conversion option in place enables you to convert your ordinary level term life policy into a permanent life insurance option during the coverage.
https://termlife2go.com/ Not exact matches
The difference between term life insurance with the return of premium rider and your ordinary 30 year level term policy is that 30 years down the line, if he's still alive John gets back $ 49,536!
The difference between term life insurance with the return of premium rider and your ordinary 30 year level term policy, however, is that 30 years down the line, if there's been no death, John gets back $ 49,536!!
Because term premiums increase at each renewal, at the later ages the premium cost will far exceed the level premium that would have been charged for an ordinary whole life policy issued at the same age as the original term policy.
The family package policy consists generally of some level of ordinary whole life insurance on the principal breadwinner, half that amount in term insurance on the spouse, and about half that amount again of term insurance on each of the children.
If the term «whole life» is used alone, it is generally accepted that the reference is to ordinary level premium whole life as opposed to any other type of lifelong policy.