Sentences with phrase «permanent insurance such»

Some types of permanent insurance such as whole life, universal and variable life may be more expensive.

For others who need permanent insurance such as a senior that needs burial insurance or someone who has a high net worth and needs to cover estate taxes then a whole life insurance or universal life insurance policy may be more prudent.

Because life changes fast, and you never know what needs your family may have in the future, you may want to consider some permanent insurance such as whole life insurance.

Some of my clients still need lifetime coverage at age 62, which means they buy a type of permanent insurance such as whole life insurance or universal life.

These policies do not contain a savings component like you would find in permanent insurance such as whole life or universal life for example.

This type of life insurance doesn't offer cash value build up, so it is often more affordable than a comparable amount of permanent insurance such as whole life or universal life coverage.

The name might lead you to believe that it's just another form of permanent insurance such as universal life, but it's actually quite unique in its own right and stands apart for a variety of reasons.

The name might lead you to believe that it's just another form of permanent insurance such as universal life, but it's actually quite unique in -LSB-...] Read More

A unique feature of certain permanent insurance such as universal life and participating whole life (also known as par) is that there is an insurance portion as well as an investment portion.

For permanent needs you should consider permanent insurance such as whole, variable, or universal life insurance.

Not exact matches

Permanent life insurance policies, such as whole and universal life insurance, offer lifelong coverage and typically have a cash value component.

The primary difference between permanent and term life insurance is that term policies only provide coverage for a fixed period of time, such as 20 years.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

However, permanent life insurance solutions that focus on providing lifetime guaranteed death benefits, such as these, are typically less expensive than other types of permanent life insurance that emphasize savings opportunities.

At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.

Therefore, if you are on the younger end of the age spectrum, you might want to consider purchasing something that will be in place for longer, such as a 30 year term policy or permanent life insurance policy.

Many policies also offer you the option of converting your term policy into a permanent life insurance policy such as a universal life policy.

If you are looking for a life insurance policy as an investment vehicle, you may want to consider a permanent life insurance policy, such as whole life insurance or universal life insurance.

Instead of taking back the refund, you can choose other non-forfeiture options, such as using the cash to continue to pay premiums, acquire reduce paid - up insurance (using the cash to buy a reduced amount of permanent coverage) or acquire extended term insurance (keeps the coverage the same, but reducing the length of the policy)

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

Our life insurance products include final expense, term and permanent designs with the latest features such as critical illness coverage and an innovative approach to return of premium.

• Paying your property taxes and insurance and other home fees such as HOA • Maintaining basic upkeep and repairs of the home • Residing at the home as your permanent residence and not lapsing in residence for more than a year

Permanent life insurance can protect loved ones should anything happen to you, while growing cash value to tap for future expenses such as health - related costs.

This approach can meet many people's needs, unless you have a permanent need for the insurance, such as providing monthly income to a spouse or a disabled child.

But when it comes to permanent life insurance, some other factors weigh heavily on your premium, such as policy design.

Composing such a list and knowing which companies are the so called «best» will vary depending on the type of permanent life insurance needed.

Term life insurance is less expensive to purchase than permanent insurance (such as whole life, variable life, or universal life) during your early years.

If you can afford to pay a little more for your coverage, you can lock in a rate on a permanent life insurance policy, such as whole life or universal life.

The key pro of non-qualified annuities, as with most other non-qualified investments such as permanent life insurance, is more flexible access to the cash due to the absence of age restrictions and the 10 % tax penalty.

Among the various types of permanent life insurance, long term care riders are available for both dividend paying participating whole life and universal life insurance products such as indexed universal life and variable life insurance.

If you are considering permanent life insurance — such as whole life, universal life, or variable life insurance — you probably know that these types of policies provide both death benefits and cash value accumulation.

LifePhases Plus is a suitable alternative to permanent life insurance, since it covers a large amount when it is most needed and is reduced to 25 % to cover permanent needs such as final expenses, taxes and providing a legacy.

There is some debate about whether term life insurance or permanent cash value life insurance, such as dividend paying whole life OR indexed universal life, should be used for irrevocable life insurance trusts.

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

A proper understanding of this fact can diffuse many of the noted objections to whole life insurance, as touted by folks like Dave Ramsey, such as the fact that whole life more costly then other types of permanent life insurance.

Convertible term life insurance is typically a normal level term policy that has the option to convert the policy into permanent insurance by the end of the term or by a specified age, such as 70.

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.

This an important advantage when considering permanent life insurance strategies such as the infinite banking concept ®, which is based upon a number of concepts such as the velocity of money and creating financial arbitrage to facilitate other activities such as real estate investing through cash value life insurance.

There are several types of permanent life insurance, such as whole life insurance, universal life insurance, and variable life insurance.

No risk compared to other permanent types such as Variable Life Insurance, but there are probably better investment options for the cash you'll contribute

If you choose to exercise this option, it allows you to convert all or a portion of the existing death benefit to permanent insurance coverage, such as whole life or universal life, with no evidence of insurability required (i.e. no medical exam or health questions).

If you have a permanent life insurance policy, such as a whole life or universal life insurance policy, you may wonder at some point about cashing in your policy.

Aside from permanent life insurance policies such as whole life, the other main category of life insurance is called term life insurance.

Other types of permanent life insurance may be suitable for college savings plans, such as indexed universal life insurance OR variable universal life insurance.

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.

As term to 100 does not have any cash values, premiums are typically less expensive than other permanent products that do have cash surrender values, such as whole life insurance.

Some types of permanent life insurance policies, such as whole life insurance, can offer many benefits that are distinct from term life plans.

Not all insurers offer permanent policies, such as whole life insurance, so this is something you'll want to check before applying for your policy.

Term insurance differs from the permanent forms of life insurance, such as whole life, universal life, and variable universal life, which generally offer lifetime protection as long as premiums are kept current.

Permanent life insurance, such as whole life insurance, may also allow you to save for your child's college tuition or down payment on a first home.