Sentences with phrase «policy the premium stays»

There are two types of term policies: level term vs decreasing term life insurance.With a decreasing term insurance the death benefit goes down over time, even though your policy premiums stay the same.

Not exact matches

With most policies, the payout, called the death benefit, and the cost, or premium, stay the same throughout the term.

If you are young, healthy and purchase an annual renewable policy early, then your policy premiums will tend to stay low.

Term life insurance policies can be purchased to cover nearly any period of time, and will stay in effect for the entire period as long as you continue to pay the premiums (the cost of the policy, which can be paid on a monthly or annual basis).

Does your premium (i) stay the same for 35 years, or (ii) increase year after year according to a fixed schedule that is stated in the policy, or (iii) will increase year after year according to some rate (e.g. inflation rate, prime lending rate / Interbank rate / LIBOR etc, or (iv) will be specified annually?

The premiums are incredibly high and increase over time (in contrast to «level term» policies, «level benefit» means the death benefit stays the same while rates rise), and coverage ends when you turn 80.

When you purchase life insurance, you agree to pay the insurance company what's called a premium, a monthly or annual cost ensuring that your policy stays in effect.

With Whole Life Insurance, your premium payments will stay the same for as long as you own the policy.

Every time they convince a whole life policy owner to «buy term and invest the rest» they ensure that the premiums stay more affordable for those that go the distance.

On the other hand, if I were to stay as a contractor and get my own insurance, as I do now, I would continue to pay the very same premium for me and my wife that I currently do, out of my pocket, and not suffer «change in policy».

Depending on the CompLife policy, premiums may be guaranteed to stay level for a period of time, but this isn't always the case.

A decreasing term life policy (aka mortgage life insurance) features a death benefit that declines over time, even while the premium typically stays the same.

Don't rely on aged policies to stay financially protected; households that shave dollars from their premiums using up to date quotes can put more money into trips out the Pacific Highway, waxing the surfboard, or doing more in the vibrant atmosphere of their Southern California home.

However, if your health has deteriorated since taking the policy, or your age has increased significantly, causing a new premium to be higher, you can always stay with the first policy you purchased.

Universal life insurance is a form of permanent coverage, so the policy stays in - force so long as you continue to pay premiums and it builds a cash value.

As with a traditional term life insurance policy, the premiums you pay are guaranteed to stay level for the entire term of your policy.

Also, GUL policies are so conservative, verses the other types of IUL policies, that the premiums are guaranteed to stay fixed and level, provided they are paid in a timely fashion.

Because all term life policies either expire in say, 10, 15 or 20 years (or otherwise will gradually increase premiums), the greatest PRO when comparing term life is that the there is no expiration of the guarantee period on a guaranteed universal life policy, and the premiums can stay level.

Premiums stay the same throughout the life of the policy.

Unlike term, a permanent life insurance policy will stay in force, unless it is canceled by the policyholder or the premium stops being paid for the coverage.

As with a regular term life insurance policy, the premiums you pay are guaranteed to stay level for the entire term of your policy.

With it, the face amount (the death benefit) and the premium (the amount you pay for protection each year) are fixed at the time you buy your policy and stay the same even as you age.

Regardless of how long the term policy is, the premiums stay the same from day 1 to the expiration date.

This means that the premium amount will stay the same — guaranteed — for as long as the policy is owned.

Unlike term policies, these plans stay in effect as long as the premiums are paid on time and in full.

This is the case with permanent life insurance policies, like whole life insurance: As long as you pay your premiums, the policy will stay in force.

However, even if you don't make a claim during the policy period, and your no claim bonus stays the same, or is even reduced, your premium may go up due to other factors.

The level part means that your premium payments will stay level and the cost won't increase as long as you keep the policy.

The benefit is paid out income tax - free and premiums and coverage stay consistent throughout the life of the policy.

Your term life insurance policy stays in effect as long as you pay your premiums, but maybe you forget to pay them.

And the policy will stay in force regardless of your employment situation as long as you pay the premiums.

Whole life insurance premiums are level — they stay the same no matter how long you have the policy.

A permanent life insurance policy, on the other hand, stays in force for as long as you keep paying the premiums.

As long as you keep making premium payments, your whole life insurance policy stays in force.

Your premiums stay the same regardless of how market indexes perform as your plan's interest rates are baked into the premiums when you sign up for the policy.

You'll pay monthly or annual premiums to keep the policy in force, and it will stay active until the end of your life as long as you keep paying the premiums.

If you are lucky enough to qualify for a term life insurance policy but the insurer will only approve a short term, this will turn the policy into a whole life insurance policy, meaning it stays in effect for as long as you pay the premiums.

Your premium stays the same once your policy is in force no matter what your health or age is.

As long as the required premium is paid, the policy will stay in force.

The policy builds cash value and premium and face amount stays the same.The policy has a feature called «excess credits» which help build additional cash value.

Many life insurance agents selling return of premium policies withhold facts that would otherwise negatively affect a life insurance shopper's decision to purchase; stay away from these people.

Level Premiums, i.e. premiums guaranteed to stay the same over the entire period of thePremiums, i.e. premiums guaranteed to stay the same over the entire period of thepremiums guaranteed to stay the same over the entire period of the policy.

Term insurance with premiums that stay the same for the life of the policy.

Just like guaranteed universal life policies do to age 100 or 120, these riders mandate that even if the policy has no cash value, the death benefit and premium are still guaranteed to stay fixed during the initial term selected.

With term life insurance, the coverage is affordable, it will cover any short - term needs you have, and the premiums will either stay at the same rate throughout the term of the policy.

From age 72 forward, the man paid his premium straight from his cash value, and his policy stayed in place and he reaped the rewards of the IUL.

With a 10 year level term policy for example the premium will stay the same for 10 years.

These policies typically stay in force as long as the premiums continue to be paid.

The biggest draw towards these policies is the guarantee that your premiums will always stay level and the death benefit will always stay the same.

With a guaranteed universal life policy this is coverage that can be structured to last for your entire life with a guarantee that as long as pay your premium the policy stays in force.