Sentences with phrase «premium than other policies»

A policy with the lowest initial premiums may have higher renewal premiums than other policies.

Not exact matches

Level term policies are usually more affordable since premiums can vary based upon factors other than age, and the insurer can better price your risk profile.

With an Indexed Universal Life policy you have the ability to pay more or less each month (there is a minimum to cover fees, and a maximum based on the MEC limit) but the policy has much more premium flexibility than the other types of life insurance policies in the market.

If you work on commission and certain times of the year are much better than others, you may want to consider the flexible premium options available with an IUL policy.

Texas The Lone Star State prides itself on being bigger, but because Texas premiums are a bit larger than in other states, getting the most of every dollar on your policy is a must.

If you're still coming in at a higher premium than you'd like, just give us a call — we can evaluate the way the policy is rating and see if there are other factors that are impacting it and look for solutions to help get you covered.

Simply put, some companies are more flexible than other when it comes to premium design, paid up additions and structuring a policy that suits your goals.

In other words, your car is worth less than the combination of your policy's deductible and monthly premiums.

The Lone Star State prides itself on things being bigger, but because Texas insurance premiums are a bit larger than they are in other states, getting the most for every dollar you spend on your policy is a must.

Dear Meera, I believe that if you have paid less than 50 % of all policy premiums, it is better to Surrender and re-invest in other better fin products to get decent returns.

Simply put, some companies are more flexible than others when it comes to premium design AND «paid up additions» (which is adding cash value to your policy) and structuring a policy that suits your goals.

Other changes, like new upgrade policies for first class and premium class, are more of a mixed bag but seem geared toward differentiating elite benefits rather than removing perks.

If death occurs within the first two policy years for any reason other than an accident all premiums plus 10 % interest shall be paid to your beneficiary.

The cash value accumulation generally does not equal the amount of death benefits and premiums are more expensive than other equivalent standard life insurance policies.

With guaranteed issue life insurance policies, because there is no medical exam or underwriting, insurance companies have no information other than the applicant's age and gender on which to base the premiums.

In fact, the policy can not be canceled by the insurer, other than for non-payment of the premium.

The fine print states that if you die in the first two years of the policy from natural causes (anything other than an accident) your family will not receive a dime (just your premiums will be refunded to your beneficiary plus some interest).

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.

If death occurs within the first two policy years for any reason other than an accident, all premiums paid plus 7 % interest shall be paid to the beneficiary.

These policies carry higher premiums than other types of term life insurance.

This type of life insurance policy costs a lot more than other policies in terms of premiums paid and fees, especially when you compare it to Term Life Insurance for example.

This can happen if the expected interest paid on the accumulated value of the policy is less than originally assumed at the time of purchase, or if other charges (i.e. mortality charges) increase beyond what is assumed when the premium is calculated at inception.

You'll get a lot more coverage for 20 years, but since it's a 20 year term instead of 30, your premium will still be lower than the «mortgage insurance» offers and probably even lower than the 30 year level term policies other agents are quoting you for the current amount of the balance.

These policies have fixed premiums that can not be canceled for any reason, other than non-payment.

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.

The only downside to this product is that the premiums will be higher than other term policies, but this downside is small when compared to the options offered through ROP Endowment Term coverage.

Avoid Modified Endowment Status: If the subsequent premiums paid into the new policy, other than the exchange proceeds, are within the new 7 - pay limit, then a 1035 Exchange of a life insurance policy allows the policy owner to place the original contract's entire value in the new policy without creating a modified endowment contract, or MEC.

Texas The Lone Star State prides itself on being bigger, but because Texas premiums are a bit larger than in other states, getting the most of every dollar on your policy is a must.

On the other hand, a 15 - year return of premium policy may cost 600 percent more than its traditional counterpart.

That being said, there are some downsides to whole life insurance including inflexible premiums, surrender charges if the client decides he or she no longer wants the policy, and the rate of return on a whole life insurance policy tends to be lower than other investments.

Because of their permanent protection, these policies tend to have a much higher initial premium than other types of life insurance.

A term life policy can leave you with nothing after 20 years of premiums (other than your health, obviously), so some like the option of cashing out a whole life policy early for a portion of the complete death benefit should they want or need the money.

Because there is no cash value includes with a term insurance policy, the premium that is charged will oftentimes be less than that of a permanent insurance policy — all other factors being equal.

Be warned, if you receive quotes for a no exam life insurance policy, the monthly premiums are going to be higher than most other policies.

The amount of your premium varies according to your health and other factors, but will be lower than premiums for most whole life insurance policies, which last a lifetime and build cash value.

In fact, in most cases, the policy can not be cancelled by the life insurance company, other than for non-payment of the premium.

Return of premium term life insurance is going to be more expensive than any other type of term life insurance policy.

Premiums are a bit higher than other policies, but there are instances where it is the best way to obtain a life insurance protection.

This policy provides a graded benefit, which means that if death of the insured that is due to natural causes — in other words, death that is caused by means other than an accident — during the first two years in which the policy has been in force, the named policy beneficiary will only receive back all of the premiums that were paid in, plus 10 percent, as versus the face amount of the policy.

If the insured dies during the first two years of the policy, for a reason OTHER than an accident, the carrier will only return the premiums paid plus some interest.

The Irda regulations do not allow any person other than insurance agents and insurance brokers approved by it to sell vehicle insurance policies and the maximum brokerage or commission payable for selling insurance policies is capped at 10 per cent of the premium.

The only drawback is the premiums are the higher than other life insurance policies.

Other than this unique structure, the policy is similar to a standard life policy with various premium levels.

Although pre-existing conditions are not covered, premiums are usually 50 % less than many other comprehensive plans, and policies are often approved by the next day.

Some materials resist weather and fire damage better than others, and this can make a big difference in the premiums you pay and what your policy may cover.

If death occurs within the first two years of your policy for any reason other than an accident, all premiums plus 10 percent interest shall be paid to your beneficiary.

And, in case the insured fails to pay his premiums other than monthly premium modes then a grace period of 30 days is allowed, failure to which policy is subject to lapse.

The premium for term life policies is considerably lower than the other kinds, but it offers no cash value.

A consumer with credit on the cusp of fair to good can expect to pay more than a third more on their homeowners policy premiums than someone with excellent credit, and with good reason: insurance claims may be more common and expensive than other policies, and with the higher price comes a greater financial risk to the policyholder.

Since these policies do not have a saving component, the premium amount is lower than that on other schemes.