Sentences with phrase «ordinary whole life insurance policies»

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

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.

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.

Not exact matches

Ordinary level premium whole life insurance has level premium payments for the duration of the policy, typically until age 100.

Whole Life Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawLife Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witInsurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawlife insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witinsurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawlife insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and witinsurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawals.

Permanent life insurance, also called whole or ordinary life, is the most common type of permanent policy.

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

As perhaps one of the most popular types of permanent life insurance, whole life, also known as ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insured.

In reality, a properly designed whole life policy, blended with term insurance and paid - up additions, carries a very low commission for the agent in comparison to ordinary life insurance.

For these folks diagnosed with a condition, like Type 1 diabetes or type 2 diabetes diagnosed at a young age, or some type of congenital heart defect, or one of a hundred other such pre-existing conditions, it may make more sense to lock into a whole life insurance policy when given the chance, rather than take the risk of never being able to qualify for ordinary life insurance again later on in 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 insuWhole 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 insurLife 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 insuwhole life») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insurlife») provides a lifetime death benefit and level premiums for the life of the policy (until the death of the insurlife 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.

Ordinary term or whole life insurance provides comprehensive coverage for any cause of death (other than suicide in the first two policy years) including accident or sickness.

Every ordinary life insurance policy (term, universal life and whole life) that is approved and issued today contains a «contestable clause» that is in effect for a full two year period from the policy date.

Of the three main types of permanent insurance policies, whole (or ordinary) life provides the least flexibility, but the most predictable results and the lowest risk.

Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), sometimes called «straight life» or «ordinary life,» is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity Whole life insurance, or whole of life assurance (in the Commonwealth of Nations), sometimes called «straight life» or «ordinary life,» is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity whole of life assurance (in the Commonwealth of Nations), sometimes called «straight life» or «ordinary life,» is a life insurance policy which is guaranteed to remain in force for the insured's entire lifetime, provided required premiums are paid, or to the maturity date.

Once you understand the major components of ordinary life insurance, you'll know we're speaking of products like universal life insurance, indexed universal life insurance, variable life insurance, and whole life insurance (including survivorship policies).

State Farm offers three different whole life insurance policy types: Ordinary Whole Life Insurance, Limited Pay Life, and Final Expwhole life insurance policy types: Ordinary Whole Life Insurance, Limited Pay Life, and Final Expelife insurance policy types: Ordinary Whole Life Insurance, Limited Pay Life, and Finalinsurance policy types: Ordinary Whole Life Insurance, Limited Pay Life, and Final ExpWhole Life Insurance, Limited Pay Life, and Final ExpeLife Insurance, Limited Pay Life, and FinalInsurance, Limited Pay Life, and Final ExpeLife, and Final Expense.

While ordinary life insurance policies, also called whole life, may be too expensive for many younger people, term life insurance offers people the ability to take care of their families for a very low, affordable monthly premium.

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

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

As perhaps one of the most popular types of permanent life insurance, whole life, also known as ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insured.

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There are a number of different types of permanent insurance policies, such as whole (ordinary) life, universal life, variable life, and variable / universal life.

Ordinary level premium whole life insurance has level premium payments for the duration of the policy, typically until age 100.

As you must be aware by now the straight life insurance policy is simply a whole life policy otherwise known as an ordinary life policy.

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.

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

In addition to the bundled nature of its policy elements, adjustable life has all the usual features of ordinary level premium whole life insurance including:

Permanent life insurance, also called whole or ordinary life, is the most common type of permanent policy.

There are many types of whole life policies, but the oldest and still the most common type of whole life policy is ordinary level premium whole life insurance, or simply ordinary life.