Sentences with phrase «permanent life coverage which»

While most people have heard of the term «whole life», it is commonly confused with newer, more advantageous types of permanent life coverage which offer the same guaranteed death benefit at roughly half the cost.

Not exact matches

But renters still have to go to work, eat and continue living their lives until they can return home or find a new permanent residence, which is where loss of use coverage comes in handy.

LifeElements is convertible term life insurance, allowing you to convert all or a portion of the face amount to permanent coverage before the end of the term or by age 70, which ever is less.

Northwestern Mutual does have some negative customer reviews which are primarily focused on its agents» tendency to push permanent life insurance to consumers over term coverage.

Which means, if you have whole life insurance, or some other type of permanent coverage, the premium will be waived for the remainder of your disability or your life.

Which means that you made the decision to get your life insured, that way, if you develop some type of health condition that would either make it impossible or cost prohibitive to purchase another policy, you can always convert your term policy to permanent coverage, regardless of your health condition.

Assurity's LifeScape Whole Life offers permanent coverage, which includes specific guarantees, including:

Mutual of Omaha offers convertible term life insurance which allows you to have a large guaranteed death benefit for a lower initial cost than permanent coverage.

For our top 10 cash value life insurance companies featured in this article, we will emphasize both participating life insurance and other types of permanent coverage offered by each company, such as Indexed Universal Life (IUL), which also offers cash accumulation and grolife insurance companies featured in this article, we will emphasize both participating life insurance and other types of permanent coverage offered by each company, such as Indexed Universal Life (IUL), which also offers cash accumulation and grolife insurance and other types of permanent coverage offered by each company, such as Indexed Universal Life (IUL), which also offers cash accumulation and groLife (IUL), which also offers cash accumulation and growth.

Ameritas» Keystone term policy is convertible term life insurance which allows the insured to convert all or a portion of the policy to permanent coverage.

The policy is convertible term life insurance, which allows you to convert your term policy to permanent coverage.

CompLife is a permanent life insurance policy to which you can add term coverage if you just need the additional financial protection for a short period of time.

«I often come across people who may prefer the long - term security of a permanent life policy, but they need a bigger death benefit than they can afford,» he said, noting that term life coverage, which offers a bigger benefit for smaller premiums, is generally the better bet in that case.

The company offers both term and permanent forms of life insurance protection, which allows its clients to add to and / or change coverage as their needs also change over time.

Also, the insured may also wish to take advantage of the conversion option, which can allow him or her to convert the term policy over into a permanent form of life insurance coverage.

Whole life insurance defined: A whole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficiary.

Child's Term Insurance — term rider providing life insurance for children until age 23, at which point the policy can be converted to permanent coverage.

Permanent life provides lifelong coverage with a variety of extra features such as «cash values» which makes this type of insurance more expensive.

If you're worried about outliving your term coverage (which many people are), a permanent life insurance will ease those fears and still give you affordable coverage.

The other offers permanent coverage, which is designed to last a lifetime, and is typically sold as Whole Life or Universal Life Insurance.

You'll also have the opportunity to convert your term policy to a permanent life plan, which provides coverage for your whole life.

If you reach the cutoff age for a term policy, then there are permanent insurance choices you can purchase, like whole life policy, universal life insurance or even burial insurance which is worth it when you only need coverage for final expenses.

Term Life Answers comes in 10, 15, 20, or 30 - year terms, all of which can be changed into permanent coverage for applicants between the ages of 45 and 85.

Whole life plans are a permanent form of coverage, which means that they will never expire.

Term life insurance can be contrasted to permanent life insurance such as whole life, universal life, and variable universal life, which guarantee coverage at fixed premiums for the lifetime of the covered individual unless the policy is allowed to lapse.

Whole life insurance is a type of permanent life insurance in which the coverage and the premiums remain the same your entire life.

Farmers Life Insurance offers universal coverage, which is a more permanent yet flexible type of life insurance for those who need something a bit longer than term may ofLife Insurance offers universal coverage, which is a more permanent yet flexible type of life insurance for those who need something a bit longer than term may oflife insurance for those who need something a bit longer than term may offer.

A prime benefit of the whole life cover is that it is regarded as a permanent life insurance policy, which is designed to provide the policy holder with a lifetime coverage protection without any changes in the premium amount or the time period.

If, on the other hand, you want the coverage to be permanent or if you want the policy to be not only a death benefit but also a business investment with additional options, you will want to consider a permanent life policy which could be either a universal or a whole life.

Permanent life insurance offers more security, but can be very expensive, whereas term life, which is very affordable as compared to permanent, is only for a specified time, with the coverage ending at the end of Permanent life insurance offers more security, but can be very expensive, whereas term life, which is very affordable as compared to permanent, is only for a specified time, with the coverage ending at the end of permanent, is only for a specified time, with the coverage ending at the end of the term.

Another option is to purchase a whole life plan, which is a form of permanent life insurance coverage.

Unlike a term plan, a whole life policy is a permanent form of coverage, which means that it's never going to expire.

The company offers a nice variety of both term and permanent life insurance policy options — so customers can choose which type of coverage may work the best for them and their specific needs.

The first thing that you should know is that variable life insurance is a whole life insurance plan, which means that it's permanent coverage.

Additionally, term life insurance only offers coverage for a set amount of time, unlike whole life insurance which is permanent and never expires..

Moreover, there are various insurance companies that offer term life insurance plans with adequate coverage for partial and permanent disability under which the regular income of an individual is disrupted.

Many of these product options are permanent life insurance coverage, which means that there is both a death benefit, as well as a cash - value component of the policy.

This coverage, which is commonly referred to as permanent life insurance, adds an investment component as well.

These include both term and permanent life insurance coverage — which can allow its customers to pick and choose from the coverage that will suit them the very best.

This policy offers conversion privilege which allows you to switch all of your coverage over to a permanent life policy if your need change.

This coverage would be through a Life Insurance policy which can be either «Term Life Insurance» (employee is covered for so many years or term), or through «Permanent Life Insurance» (employee is covered for life for death benefits and policy has a cash valLife Insurance policy which can be either «Term Life Insurance» (employee is covered for so many years or term), or through «Permanent Life Insurance» (employee is covered for life for death benefits and policy has a cash valLife Insurance» (employee is covered for so many years or term), or through «Permanent Life Insurance» (employee is covered for life for death benefits and policy has a cash valLife Insurance» (employee is covered for life for death benefits and policy has a cash vallife for death benefits and policy has a cash value).

In addition, AG offers convertible term life insurance which allows you to convert all or a portion of your policy to permanent coverage.

With an indexed universal life (IUL) policy — which is a permanent form of life insurance coverage — there is death benefit protection, as well as cash value build up.

If a term product or universal isn't right for you, there's a whole life option as well, which offers permanent coverage for an individual for needs with no end in sight.

The other main kind of insurance is a whole life plan, which as you can assume from the name, is a permanent form of life insurance coverage.

Permanent life insurance, which has a cash - value account in which a return - on - investment component becomes an often complex and expensive part of the policy (most expensive cost per $ 1,000 of coverage).

Term life insurance, which can be a more popular option, provides coverage for a specific length of time which you choose; while permanent life insurance covers you in perpetuity.

There are several types of permanent life insurance coverage — the most common of which is whole life for those who are elderly.

The other most popular option for coverage is to buy a whole life insurance plan, which is a permanent form of coverage.

Whole life insurance, on the other hand, is a form of permanent coverage which provides life insurance for life and builds cash value.