Sentences with phrase «over the lifetime of the policy»

The first is that the actual cost of insurance, also known as the insurance charge deduction, rises every year over the lifetime of the policy.

The whole life insurance policy will build up some nice cash value over the lifetime of the policy.

The higher your status, the more you can earn in potential premium savings over the lifetime of your policy.

In insurance terms, an aggregate limit is a defined threshold that shows the maximum payout of a policy over the lifetime of the policy.

Cash Value — Most types of life insurance contracts have a cash value which builds over the lifetime of the policy.

While insurance costs can drop slightly year to year based on the mortality rate statistical changes or a health ratings change, costs will rise over the lifetime of the policy.

Each dollar you save on the monthly insurance premium is a saving you will make each month over the lifetime of the policy.

When enough cash value has accumulated in your policy, you can use it to make premium payments over the lifetime of the policy, eliminating the need to make out - of - pocket payments.

Receive 60 % of the Base Sum Assured upon maturity of the policy i.e. return of 110 % of Base Sum Assured amount over the lifetime of the policy term.

Lastly, a Protective Whole Life insurance policy grants you the most guarantees, with a stated, fixed rate of cash growth over the lifetime of the policy.

The per - policy limit may or may not be set at the same threshold as the per - claim limit, but it defines the maximum benefits that an insurer will pay out over the lifetime of the policy coverage period.

The decreasing term policy has a death benefit that decreases in a uniformed manner over the lifetime of the policy.

The thing to remember for people is that it is an insurance cover (one that pays back money over the lifetime of the policy but an insurance cover, nonetheless) and is not a pure play investment plan.

Most give returns only at the end of the policy tenure, while some give returns over the lifetime of the policy, but none of them match up to the advantages offered by money back plans.

When enough cash value has accumulated in your policy, you can use it to make premium payments over the lifetime of the policy, eliminating the need to make out - of - pocket payments.

Most people know about the death benefit paid by life insurance policies, but many people are not aware that life insurance policies can also accrue a cash value over the lifetime of the policy.

Comparing quotes for a $ 500,000, 15 - year term life policy, the price difference between the lowest and median quotes is 25.5 % for a total savings of $ 1217.85 over the lifetime of the policy.

On an annual basis you would save $ 206, and $ 6,192 over the lifetime of your policy.

Though there are many other investment plans in the market that give returns at the end of the investment period or in some cases, over the lifetime of the policy, only a money back plan offers the triple advantage of maturity benefits, survival benefits, and insurance coverage.

Unlike a standard life insurance policy that only pays an amount after the adulthood of the policy, the money back plan starts to pay an amount that is called a «survival benefit» over the lifetime of the policy.

Though there are many other investment plans in the market that give returns at the end of the investment period or in some cases, over the lifetime of the policy, only a money back plan offers the triple advantage of maturity benefits, survival benefits and insurance cover.

By buying a 30 - year term policy for $ 75 a month as a Standard Plus qualifier, you would be losing $ 6,000 over the lifetime of your policy (than if you would have qualified for Preferred Plus).