Sentences with phrase «permanent policy because»

One point though, I have a term policy and a permanent policy because I know the value of both, and what they do for me and my family.

A whole life policy is the most straightforward permanent policy because everything is fixed and guaranteed — the annual price you pay, the death benefit and the return on cash value.

Term life policies are typically more affordable than permanent policies because term life coverage is temporary and does not accrue cash value.

Term policies tend to be more affordable than permanent policies because they don't cover you for your entire life.

Not exact matches

By eliminating state laws, policies, practices and procedures that exclude potential adoptive and foster parents because of their sexual orientation, gender identity, or marital status this bill will dramatically increase access to permanent, loving homes for children living in foster care.

In fact, the economic output that is lost because of poor education policies and practices leaves many countries in what amounts to a permanent state of economic recession — and one that can be larger and deeper than the one that resulted from the financial crisis at the beginning of the millennium, out of which many countries are still struggling to climb.

Every step of the way, opponents have cried for states» rights and local control, but cooler heads have prevailed, because re-fracturing education policy among thousands of local municipalities, many poor and badly governed, is a recipe for permanent inequality.

Permanent implies that the policy and death benefit should never reach an end, yet they often do — primarily because of choices the owner makes.

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.

Guaranteed universal life is arguably the most popular product for second to die because these policies are set up to offer an inexpensive permanent death benefit, which is a key part of the second to die policy appeal.

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

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.

Purchasing a child rider can accomplish this too because of the ability to convert it into a permanent policy.

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

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.

If you convert $ 150,000 of the term to a permanent policy you lose the remaining $ 50,000 because it is not enough to reach the minimum face amount.

«Personally, I don't think quantitative easing can be a permanent instrument of ECB monetary policy simply because financial markets are not deep enough.»

Because of the tax treatment of these permanent policies, they provide a good supplement for people who have maxed out their RRSPs and TFSAs.

Many people choose permanent life, in part because the primary purpose of the ILIT is to transfer wealth to your heirs, which will only happen if the policy is still in force at the time of your death.

You have to look at the internal rate of return because let's say if I'm in a permanent policy, Al's got a term policy, and then invests the difference.

Variable Life: This is called a variable plan because there are two separate accounts created, one being the permanent policy and the other being the investment fund, which is invested in bond funds, equity funds or money market funds, as per the company's investment portfolio.

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.»

On average, permanent policies cost 5 - 10 times more than a term policy because they last a lifetime and generate cash value, but this type of policy isn't necessary for most individuals.

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.

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.

A common objection is that using permanent life insurance in this way isn't an efficient approach for real estate investors because the policy costs money upfront and is therefore too expensive.

Because permanent life insurance is a lifelong life insurance policy, a good time to purchase life insurance is when you are doing your financial planning, and when you are considering ways to create financial security in your retirement years.

Many agents also argue in favor of whole or other permanent policies, in part because they're more profitable to sell, and in part because they see them as relatively safe savings vehicles.

Permanent policies like whole life, on the other hand, cost more because they include an extra savings component, which is referred to as the «cash value.»

Also analyze how much complexity you are willing to accept — more complex permanent policies and especially ancillary riders are far more profitable because even external actuaries would have a tough time analyzing them.

In fact, permanent insurance is often referred to as cash - value insurance because these types of policies can build cash value over time, as well as provide a death benefit to your beneficiaries.

The analogy only goes so far because one distinct advantage with permanent life insurance you can take out a policy loan whenever you choose, no questions asked.

Because the policy is a permanent life insurance policy, it will also have cash value build up.

Estate tax planning should not be overlooked because there are many techniques available to reduce estate taxes, such as holding assets in joint ownership, establishing testamentary trusts, and the purchasing of permanent insurance policies to cover estate income taxes.

A Guaranteed Universal Life Insurance policy is a more affordable permanent life insurance product because it doesn't include the investment aspect of most permanent products.

Policies like this are popular because they are permanent and let you have level premiums for the rest of your life.

This is also referred to as «Term for Life» insurance because it is a permanent life insurance policy that has level premiums for the rest of your life.

These permanent life insurance options are significantly more expensive than most other policies because the company will inevitably wind up having to pay out, unless the covered individual happens to cancel or cash in their policy.

Because of that, term life will frequently be cheaper than a permanent policy, with all other factors being equal.

The reason for this is quite simple it's because a no lapse universal life also known as guaranteed universal life offers the most affordable permanent life insurance protection with a guarantee that your policy won't lapse if you pay your premiums regardless of how the market is performing.

Because there aren't a lot of «bells and whistles» on term life insurance coverage, the premium cost for these policies will typically be less than that of a comparable permanent life insurance policy — with all other factors being equal.

Meaning, the policy can always be converted to a permanent policy no matter what health conditions the primary insured has developed over the years because the policy is converted at the original rate class qualified for.

This is because these life insurance policy types are issued to people who would not qualify for a fully underwritten term life insurance policy or a permanent life insurance policy.

Why would any insurance company voluntarily engage in a contract where they have to pay a death claim no matter what (because the policy is permanent) and they will never receive premiums that eventually match what they will pay out?