Sentences with phrase «premium over the life of the policy»

It's possible to adjust both the death benefit and the premium over the life of the policy.

Finding the right life insurance company can ultimately save you thousands on your premiums over the life of your policy.

Some policies offer a «no - lapse guarantee» which secures the death benefit and fixes the cost of your premiums over the life of the policy; others, without the guarantees, are often cheaper and project a growth rate based on historical calculations that, they say, should keep premiums steady and build up a handsome death benefit over time.

So, before going for backdating, one has to make sure that the total savings in premiums over the life of the policy is more than the extra premium paid for the backdated period.

The whole life insurance policy has fixed premiums over the life of the policy.

Purchasing an individually owned policy while you're young and healthy is always a great option to save you money on premiums over the life of the policy and to provide your family with the income protection they need.

Not exact matches

The cost of insurance over decades of potentially increasing premiums, all the while ensuring the insurance policy is large enough to cover the income tax liability, is problematic (alternatively one can wait until later in life to insure and take a chance on whether they can still obtain insurance).

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

A large portion of your premiums payments will be invested in the insurance company's investment fund in whatever asset class you prefer (stocks, bonds, mutual funds, money market funds, etc.) Over time, this has the chance to generate a much larger cash value in your insurance account than a traditional whole life policy does.

Return of premium life insurance policies do just what they say: When the policy is up, the premiums paid over the previous decades are returned to the policyholder.

Opting for ROP or return of premium will come with added costs over a traditional affordable term life insurance policy.

The return of premium rider, available for return of premium life insurance policies, and also on certain long - term care policies, disability insurance, etc., will return all of your premiums paid over the life of your policy should the term come to an end or should you wish to surrender the policy.

You can choose to make smaller premium payments throughout the life of the policy, larger payments over a shorter period (known as limited pay whole life), or lower premiums in the beginning and higher premiums afterward.

Put a portion of the money towards your first life insurance premium - If you get a term life policy you should have money left over.

When the insured is age 70 — or at the end of the guaranteed period of level - premium — whichever occurs first, the insured is allowed to convert the level term life insurance policy over into a whole life insurance or a universal life insurance plan.

However, both term life and whole life insurance will have fixed premiums over the duration of the policy.

These premium payments are calculated on an average over the life of your policy, making the payments fixed and easy to budget around.

Auto insurance quotes are based on how much you are likely to cost your provider over the life of the policy; if you make adjustments to your vehicle, your living situation, or your lifestyle that make you appear less of a risk, your premiums can be reduced.

Such excess payments are usually caused by interest earned on premiums paid over the course of the policy's life.

The earlier you purchase a term life policy and the healthier you are, the cheaper the premiums will be over the term of the policy.

A type of Permanent Life insurance where the face amount of coverage and the premiums are fixed and do not change over the life of the polLife insurance where the face amount of coverage and the premiums are fixed and do not change over the life of the pollife of the policy.

Offers you a money - back guarantee on your term life insurance: If you outlive the policy, the premiums you have paid over the life of the policy will be returned to you.

Return of premium life insurance policies allow you to recoup some of the money you've paid over time for your coverage.

Over time, as you make more premium payments, a whole life policy becomes comprised entirely of the cash value.

Certainly not his little helpers at TLI... Charles Tracy & Ian Reynolds, both on the board since day one, deserve their fair share of the blame for a litany of mishaps & generally nasty surprises over the years... leverage, currency hedging, tax liabilities, credit exposure, life expectancies, policy expiries, premium increases & whatever other risks / issues I may have forgotten at this point.

Determine your needs, shop around and look for ways to make your premium affordable over the life of the policy.

While no medical life insurance can be enticing for any number of reasons (a checkered health history, busy schedules, instant coverage, and anxiety over taking medical exams generally top the list), the higher premiums you'll have to pay in order bypass a routine medical exam can make these policies tough to justify.

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.

Universal Life policies give you the ability to adjust the premium amount and benefit amount over the term of the policy.

Inflation protection riders can be purchased with a single premium, over a defined number of years, or over the life of the policy.

Hybrid life insurance policies are usually funded with a one - time single premium, but some do allow for payments over a set number of years — say $ 10,000 for ten years.

Over the life of a 20 or 30 year term life policy, a difference of only two or three dollars per month can add up to thousands of dollars in lifetime premiums.

Part of each premium goes toward a cash value that gradually increases over the life of the policy.

Paying premiums annually can save you thousands of dollars over the life of your policy.

Insured parties can expect to pay anywhere from 30 to 600 percent more over the life of their return of premium policy.

The good news is, some companies will credit you for a portion of the premiums you paid into your term life insurance policy and carry it over when you decide to convert to assist the cash value accumulation.

Regardless of whether a life insurance policy for an applicant age 70 or over is term or permanent, the premium cost of the coverage will depend upon a wide variety of factors.

For example, if you're looking for life insurance over 70, you can't buy return of premium at all, unless you use a Guaranteed Universal Life policy with return of premlife insurance over 70, you can't buy return of premium at all, unless you use a Guaranteed Universal Life policy with return of premLife policy with return of premium.

The death benefit will not decrease over the life of the policy but will remain fixed as long as you continue to make premium payments.

A type of Permanent Life insurance where the face amount of coverage and the premiums are fixed and do not change over the life of the polLife insurance where the face amount of coverage and the premiums are fixed and do not change over the life of the pollife of the policy.

This type of term life insurance policy is more expensive than traditional term life insurance, but the premiums remain level over the life of the policy.

Return of premium life insurance is more expensive than other forms of term life insurance and can be over triple the cost of a standard term life insurance policy.

A waiver of premium is an extra option that life insurance companies provide you over and above your life insurance policy.

Over the life of their 30 - year MP policy, this will save them $ 9,234.00 in premiums!

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.

Although similar in some ways, there are differences between term life insurance with return of premium policy over standard term life insurance.

The death benefit will decrease at a predetermined rate over the life of the policy, but premiums usually remain level throughout the term (which can range anywhere from one to 30 years).

Add it all up, and 15 % to 25 % of all the premiums you pay over the life of the policy could go to commissions and other costs, such as office expenses, according to Daily.

Therefore, if you desire the lowest premiums for your life insurance, give us a shot at saving you thousands over the life of your insurance policy.