Sentences with phrase «ordinary whole life»

Just as we see with ordinary whole life insurance policies, the death benefit is guaranteed as long as the premiums are paid.

Within those two main categories are various other types of policies designed to work in various ways which include universal life and traditional ordinary whole life policies.

You can choose to set your policy up as ordinary whole life insurance to age 100.

Here are the sample whole life insurance quotes based on a preferred plus boy for ordinary whole life insurance to age 100 with an A rated insurance company or better.

Within those two main categories are various other types of policies designed to work in various ways which include universal life and traditional ordinary whole life policies.

Here are the sample whole life insurance quotes based on a preferred plus male wanting ordinary whole life insurance to age 100 with an A rated insurance company or better.

Level premium whole life insurance (sometimes called ordinary whole life, though this term is also sometimes used more broadly) provides lifetime death benefit coverage for a level premium.

In fact, you can buy significantly more coverage if you consider term insurance for life versus ordinary whole life insurance.

Let us take a look at what ordinary whole life insurance is all about.

In this instance, you have more opportunities to receive a larger ordinary whole life or term life insurance policy.

You can choose to set your policy up as ordinary whole life insurance to age 100.

Here are the sample whole life insurance quotes based on a preferred plus boy for ordinary whole life insurance to age 100 with an A rated insurance company or better.

Here are the sample whole life insurance quotes based on a preferred plus male wanting ordinary whole life insurance to age 100 with an A rated insurance company or better.

And guess what, most of these guaranteed issue life insurance policies are ordinary whole life insurance policies!

An indeterminate premium whole life policy is similar to ordinary whole life plan of insurance except that it provides for adjustable premiums.

You may be looking at this example and adding up cash value plus death benefit, but remember: With ordinary whole life insurance policies like this one, your beneficiaries do not receive the cash value when you die; they receive only the death benefit.

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.

It is easier to find ordinary whole life policies than term policies for persons who fall into the substandard rating categories.

Depending on the particular premium and death benefit levels chosen, the policy can assume the form of almost any traditional term or whole life policy from low - premium term through ordinary whole life to high premium, limited pay whole life.

Disadvantage No. 1: Some adjustable life policies, similar to many ordinary whole life policies, use what is called the direct recognition method to determine how favorable investment, mortality, and expense experience is allocated to dividends on policies with policy loans.

D. Check the age to which a convertible policy may be converted to ordinary whole life at attained age without evidence of insurability.

With ordinary whole life insurance, the premiums paid by the policyowner are generally the same every year for the duration of coverage.

However, similar to traditional ordinary whole life and in contrast with IUL, CAWL generally offers the policyowner little flexibility with respect to changing premium payments or death benefits.

Ordinary whole life policies have level premium payments that remain the same for the life of the insured.

Ordinary whole life insurance offers «permanent protection» with a cash value account that grows over time.

Increased IRR: limited pay policies may also create a better internal rate of return (IRR), providing superior long - term growth in comparison to ordinary whole life that you pay premiums on until you die.

Life insurance dividends are the heart and soul of whole life and can turn an ordinary whole life policy into an efficient, cash generating machine.

American National's Signature Indexed Universal Life provides lifetime coverage, with the potential for higher cash value growth than ordinary whole life.

Protective Life's Protective Indexed Choice UL provides lifetime coverage, with the potential for higher cash value growth than ordinary whole life.

Level Premium Whole Life Insurance (sometimes referred to as «ordinary whole life») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insured).

Level Premium Whole Life Insurance (sometimes referred to as «ordinary whole life») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insured).

High cash value policies with paid up additions earn cash accumulation much faster than ordinary whole life insurance.

If this happens, you may end up with less death benefit and cash value than if you had purchased an ordinary whole life insurance policy.

Liberty Series Extra Value Life: Blends whole life insurance and term life insurance together, which in turn lowers the premium compared to ordinary whole life insurance.

If the premiums are to be paid throughout one's lifetime the insurance is known as ordinary whole life.

This is true for an individual whole life insurance policy, and usually an ordinary whole life insurance policy (a whole life policy from a group plan).

Since the premiums are paid over a shorter span of time, the premium payments will be higher than under the ordinary whole life plan.

Increased IRR: limited pay policies may also create a better internal rate of return (IRR), providing superior long - term growth in comparison to ordinary whole life that you pay premiums on until you die.

The death benefit of an ordinary whole life policy remains level from the date of purchase, usually, right up until age 100.

Few will actually realize that when applying for an ordinary whole life or term life insurance policy, the insurance underwriters are going to be very interested in the type of hemophilia that they have and will often underwrite their applications quite differently based on this information.

F. Check whether the conversion clause permits the client to convert the policy to an ordinary whole life policy with the waiver of premium rider without evidence of insurability.

When the need is long - term but cash flow is currently insufficient to buy the needed coverage using higher premium ordinary whole life — Parents in younger families often have major long - term support obligations for their young children and spouses, have committed expenses that already strain the family's budget and, therefore, simply can not afford the premiums necessary to buy the amount of coverage they need to protect their families using ordinary whole life insurance.

In general, it is worth it to pay higher premiums to acquire a policy with more liberal rules regarding conversion to an ordinary whole life policy with the waiver of premium rider.

As the family breadwinner moves into his or her higher earning years and can afford the higher premium outlay, it is often advisable to convert to ordinary whole life insurance.