Sentences with phrase «other types of permanent policies»

Overall, the costs of Variable Life policies can be higher than other types of permanent policies.

The Index Universal Life policy differs from other types of permanent policies in that its cash value growth is based around the equity index performance.

This is because unlike other types of permanent policies, variable life insurance gives you complete control over your investments - be they stocks, bonds, or money market funds.

Just as with other types of permanent policies, the cash that is in the policy is allowed to grow on a tax - deferred basis.

As a «Buy Term Invest The Difference» type of company, Primerica only sells term life insurance and actively campaigns against other types of permanent policies like universal life and whole life.

Whole life insurance and other types of permanent policies cover you for your entire life.

The biggest advantage of a guaranteed universal life policy is that is much simpler in its product design and easier to understand than many other types of permanent policies.

Overall, the costs of Variable Life policies can be higher than other types of permanent policies.

Not exact matches

A policy that pays dividends is able to increase in value above and beyond the interest that other types of permanent life insurance policies accumulate.

Term life insurance sample rates illustrate why this policy type is so affordable compared to other forms of permanent coverage with cash value.

Variable Universal Life (VUL) is another permanent life insurance type that offers similar features to other universal life policies, such as flexible allocation of premium payments.

As with other types of permanent insurance, you can access the cash value account in an IUL policy via withdrawals and loans.

A policy that pays dividends is able to increase in value above and beyond the interest that other types of permanent life insurance policies accumulate.

In reality, most people who are seriously considering a guaranteed universal life policy for securing a permanent death benefit should probably forget about the other types of universal life insurance and focus on a comparison with traditional whole life insurance.

A. Just like other types of permanent life insurance policies, you can take a loan from the cash value of a variable life insurance policy.

Just like with other types of permanent life insurance policies, cash can be withdrawn or borrowed from the policy, however, an unpaid balance will be charged against the death benefit should the insured die prior to the money being repaid.

Whole life insurance is a type of permanent policy, so a lot of the same pros and cons we discussed above can apply to the other types.

All of this makes a variable life insurance policy both a limited investment option and a limited life insurance option — just as we've seen with other permanent policy types.

If a permanent life insurance policy doesn't make sense for your personal financial situation, don't be tempted by promises of growth in the future or the ability to borrow against the value — often, other types of investments are smarter in the long run.

There are other types of permanent life insurance policies besides whole.

A variable universal policy brings many of the benefits of other universal life types, including flexible premiums, and includes an annually renewable term life element to provide permanent life insurance.

Other types of permanent life insurance policies include variable life and variable universal life.

Other types of policies available to smokers are 30 year level term insurance, which keeps your premiums level for the entire 30 year term period, and the two most popular types of permanent insurance, which are whole life insurance and universal life insurance.

Because of their permanent protection, these policies tend to have a much higher initial premium than other types of life insurance.

If you've already checked out our page about term insurance and you're curious about your other options, read on to find out what you need to know about the types and benefits of a permanent insurance policy.

This type of policy offers one component for permanent death benefit proceeds whereby funds will be available to a beneficiary (or beneficiaries) for paying off final expenses and other financial needs of the insured's survivors.

There are other types of permanent life insurance policies besides whole.

All of this makes a variable life insurance policy both a limited investment option and a limited life insurance option — just as we've seen with other permanent policy types.

Besides variable life insurance, there are three other types of permanent life insurance policies: whole life insurance, universal life insurance, and variable universal life insurance.

Like other types of permanent life insurance, the premium payments you make to your IUL policy have the potential to earn interest and grow the cash value of your policy.

Whole life insurance is a type of permanent policy, so a lot of the same pros and cons we discussed above can apply to the other types.

With term life insurance, there is death benefit coverage only, without any type of cash value or savings build up — and because of that, term life insurance can often be much more affordable than a comparable permanent life insurance policy option (with all other factors being equal).

A universal life insurance policy is built to last for the entire lifetime of the insured — and it can also provide more flexibility than some other types of permanent life insurance, like whole life.

Unlike other types of permanent life insurance you can see a lot of details with a universal life policy.

Before you change life insurance review the different types of policy options: Term, Whole Life or other permanent life policies like Universal Life insurance are some of the possibilities.

The Universal life policies on the other hand is a permanent type policy that will run the rest of your life.

A universal life insurance policy can be more flexible than some other types of permanent coverage like whole life insurance.

As with other types of permanent life insurance, the cash that is in the cash component of the policy is allowed to grow on a tax - deferred basis.

Just like with other types of permanent life insurance policies, the cash that is in the cash value component is allowed to grow on a tax - deferred basis.

Because of this more «basic» type of coverage, term life insurance is usually much more affordable than a comparable permanent life insurance policy — with all other factors being equal.

The other type of life insurance policy is called «Permanent» life insurance.

Permanent life insurance policies also have a savings or other type of investment component.

Unlike other permanent types of life insurance, universal life insurance let's you adjust the benefit amount up or down without having to get a new policy.

A policy that pays dividends is able to increase in value above and beyond the interest that other types of permanent life insurance policies accumulate.

The other type of policy is a permanent coverage plan.

As with other types of permanent life insurance policies, the cash value in this plan is allowed to grow tax - deferred, and the money may be borrowed or withdrawn for any reason.

Variable Universal Life policies are usually more expensive than any other type of Permanent Life Insurance.

Potentially higher costs - VUL policies may be more expensive than other types of permanent insurance, such as Whole Life and traditional Universal Life.

As with other types of permanent life insurance, a variable universal life insurance policy will also allow the policy to obtain the benefit of tax - deferred growth within the cash component.

Many individuals prefer the ease, simplicity and peace of mind of a quality permanent life insurance policy to other types of coverage.