Sentences with phrase «permanent insurance because»

A lot of clients we speak with think that it is the agenda of the insurance company to sell them permanent insurance because it costs more.

Term insurance is cheaper than permanent insurance because it is temporary, lasting for a duration of 30 years or less.

Choosing Between Term And Permanent Insurance Because term life is cheaper than permanent life insurance many people choose to start out buying a term policy.

Whole life insurance is known as permanent insurance because you can keep this policy until your death even if this should occur at age 100 or later.

Term insurance is less expensive than permanent insurance because it does not build cash value, and the mortality rate for term insurance policyholders is much lower than other types of life insurance.

This product is considered permanent insurance because when funded properly, the policy will not cancel.

This is sort of a hybrid between temporary and permanent insurance because your term life policy can easily be converted to a permanent policy of equal value whenever you choose.

Term insurance costs significantly less than permanent insurance because it is temporary.

Second - to - die policies are usually some form of permanent insurance because they are designed for the long term.

However, term life is generally cheaper than permanent insurance because the risk of you dying within the covered term is much less.

Life insurance agents may push whole life or other types of permanent insurance because of the products» cash value feature.

Not exact matches

Permanent life insurance is generally more expensive than term life insurance because it is intended to provide coverage for your lifetime.

Because of this, life insurance advisors sometimes refer to whole life as the highest cost, highest reward path for permanent coverage.

One was permanent steps on the front entrance — here's what's funny about that though, my «front» entrance is actually my back door that leads into my dog kennel complete with doggie door lol it was considered my «front» door because it faces the road — but it is things like that that agents have to follow and you have to do to get a home insurance plan.

Term life insurance is typically more affordable than permanent life insurance because it only provides protection for a set amount of time.

If you're looking for a set premium because you have a budget or don't trust yourself to invest wisely, whole life may be the best permanent life insurance policy for you.

Because we advocate using permanent life insurance for tax advantaged cash value accumulation through paid up additions AND other approaches, we suggest that convertible term will allow you increase your base of permanent life insurance as your needs and budget increase.

Cash - value insurance is also known as «permanent» insurance because it is sold for indefinite periods.

When cash value accumulates inside a permanent life insurance policy, tax advantages are allowed under current rules because it is a life insurance policy.

Permanent life insurance is called such because it is in force permanently (as long as you pay your premium payments).

Term life insurance is not available as a standalone policy on children (because the term would likely be over by the time they needed income replacement for their own families), but a permanent policy will last their lifetime so long as the premiums are paid.

Converting from a term to a permanent policy will raise your premiums because permanent insurance is more expensive.

Investment returns on whole life insurance are typically lower than other types of permanent insurance, because the insurance company invests the cash value in extremely conservative vehicles, such as bond funds.

However, if you need more life insurance and have since developed health issues, converting to permanent will likely be cheaper than applying for a new term policy altogether because at that point your health will be taken into consideration.

Cash value insurance is permanent life insurance because it provides coverage for the policyholder's life.

This approach is common because the life insurance is permanent, thereby providing security to the plan AND is also relatively inexpensive.

Term should be purchased as part of a thoughtful strategy because, over time, the cost of term premiums may exceed that of premiums on permanent insurance.

Because of this, life insurance advisors sometimes refer to whole life as the highest cost, highest reward path for permanent coverage.

We recommend that at a minimum, folks considering term life insurance should consider convertible term life insurance because this at least secures the right to convert the term into permanent life insurance.

People that opt for permanent life insurance at an early age often find that because premiums are higher than with term life insurance, they skimp and buy less insurance than they really need to replace lost wages, pay off a mortgage or pay for their children's college education if they die.

At Insurance and Estates we use a common comparison between permanent life insurance and real estate are similar ASSETS because they tend to share a number of common characteristicsInsurance and Estates we use a common comparison between permanent life insurance and real estate are similar ASSETS because they tend to share a number of common characteristicsinsurance and real estate are similar ASSETS because they tend to share a number of common characteristics such as:

Tax deferred growth is another pro despite the precautions mentioned above because taxes not paid now can theoretically be invested in other opportunities such real estate or permanent life insurance for infinite banking.

Lincoln Financial Group is one of our favorite life insurance companies to work with, not only because they are cost effective, but they have extremely strong permanent life products.

Permanent life insurance is another option to consider because it, too, allows you to save and withdraw tax - free, while also providing the protection you should be building into your college savings plan (see below).

If a business owner is planning to leave the business to one of his child because the other children aren't involved in the business, he can use permanent insurance that matches the value of the business to ensure all his children are treated equally and fairly.

It's all garbage, because permanent life insurance has been around for over 100 years.

We have never considered variable or permanent life insurance because we prefer to avoid combo type accounts that try to kill two birds with one stone by offering you death benefits plus an investment account to boot.

Since these needs are usually most necessary during working years, term life insurance is appropriate because it can be acquired at a lower initial premium than permanent insurance and cancelled when the specific family need is fulfilled.

However, this is primarily because a portion of the premium on permanent life insurance policies is going into the cash value component.

Jeremy Hallett, founder of online insurance marketplace Quotacy, said in an interview that premiums are typically 10 times higher for whole life policies than they are for term life policies with the same death benefit because permanent insurance provides coverage for life with guaranteed level premiums.

«Sometimes, term life insurance is the only viable solution initially because of minimal cash flow, but if you have a convertible policy, you can potentially convert it into permanent life insurance over time.»

Because of the higher cost in the early years, permanent insurance isn't the best option for young parents on a budget.

If you want continued protection, though, a term conversion rider lets you convert a term life insurance policy into a permanent policy without taking another paramedical exam — a welcome adjustment, because taking an exam when you're old enough for your term policy to have expired would likely make the premiums prohibitively expensive.

Guaranteed universal life insurance is similar to whole life insurance because it is also considered a permanent policy, meaning it is supposed to last the entire life of the policy holder.

Because this is a permanent life insurance policy, once the individual has been approved for coverage, the policy can not be canceled, unless the premium is not paid.

With term life, there is death benefit protection only, with no cash value build up — and because of that, term life insurance can frequently cost less than a comparable permanent life insurance policy (all other factors being equal).

Because of that, permanent life insurance policies are often used as financial planning tools that can serve many more purposes than just simply paying out a death benefit.

Because it never expires *, permanent life can be used as the foundation of your overall life insurance plan for a variety of life stages and financial needs.

Mutual life insurance companies are preferable when researching the ideal permanent life insurance for infinite banking in our humble opinion because they are owned by the policy holders, rather than the public shareholders.

Yes, we said asset, because permanent life insurance is an asset.