Sentences with phrase «premium over the entire life»

Level premium whole life offers a fixed premium over the entire life of the policy.

Not exact matches

Whole life insurance is designed to last your entire life, often has fixed premiums, and accumulates a cash value over time.

Whole life insurance is designed to last your entire life, often has fixed premiums, and accumulates a cash value over time.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

The main differences between term and permanent life insurance are that permanent life insurance is in force for your entire life (as long as you pay the premiums) instead of a certain «term,» and permanent insurance accumulates cash value over the life of the policy.

Continuous Premium Whole Life — Same as Straight or Level Premium Whole life and simply means that the policyholder pays the same premium over the entire lifetime of the policy which is generally to age Life — Same as Straight or Level Premium Whole life and simply means that the policyholder pays the same premium over the entire lifetime of the policy which is generally to age life and simply means that the policyholder pays the same premium over the entire lifetime of the policy which is generally to age 100.

A term policy is essentially a YRT that has the premium averaged over the entire length of the term life insurance policy.

Instead of paying a fixed premium for your entire life, you can pay more or less depending on how your financial goals change over time.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

Short Pay Guarantee: You can choose a premium payment plan over a number of years, rather than your entire life.

These whole life policies tend to pay the highest rates of dividends, and over time the dividend payment can actually grow large enough to pay the entire premium by itself.

While you pay premium only during the first half, you enjoy Life Insurance Cover over the entire policy term.

Most permanent life policies require premium payments over the insured person's entire lifetime and do not permit a change in the death benefits, coverage options, terms, or conditions.

Permanent policies like whole life insurance build cash value over your entire life out of the premiums you pay, but the death benefit phases out so that by the time you reach your golden years the policy will only pay out what you've paid in, plus some interest.

What the actuaries do with the 30 year term life insurance policy is to average out the costs over the 30 year period and charge you a level premium for the entire period.

When deciding on a policy, make sure you can budget in the premium over the long term or for the entire life of the policy.

Auto insurance consumers who are financially incapable of paying the entire sum of their annual premium in advance of the coverage period are usually obligated to pay for the option of stretching out payments over the course of the life of the policy.

The main differences between term and permanent life insurance are that permanent life insurance is in force for your entire life (as long as you pay the premiums) instead of a certain «term,» and permanent insurance accumulates cash value over the life of the policy.

The premiums are typically lower than for other types of term life insurance, and remain steady over the entire term of the policy.