Sentences with phrase «premium than traditional policies»

On the downside, these policies tend to require more premium than traditional policies for the same level of long - term care benefits.

Not exact matches

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance policy.

This means that you can purchase a significant amount of accidental death insurance for a much lower premium than you would pay for a traditional life insurance 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.

For this reason, monthly premium costs are often much lower than traditional term life or whole life insurance policies.

Because these policies are much smaller, the premiums are going to be more affordable than a traditional life insurance plan that has a lot larger payout.

Although the face value (death benefit) is typically smaller than that of a traditional life insurance policy, so are the premiums.

It is important to note that because the applicants for guaranteed issue life insurance are typically those who have health issues, the premiums for these policies are much higher than those of traditional life insurance plans.

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.

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

Because the insurance company does not know the level of risk they are taking on for each individual they insure with this type of policy, premiums tend to be higher per dollar of coverage than those of traditional types of life insurance.

According to AccuQuote, a leading term life insurance policy aggregator, a 30 - year return of premium policy may cost just 45 percent more than a traditional policy of the same term.

The caveat is that these plans have high premiums and coverage amounts are much lower than your traditional life insurance policy.

Because these policies are much smaller, the premiums are going to be much lower than a traditional life insurance policy that gives a significant amount of coverage.

These policies tout higher premiums than traditional ones, because the insurer is essentially taking a chance on you.

Although the face value (death benefit) is typically smaller than that of a traditional life insurance policy, so are the premiums.

The premiums are guaranteed to stay level for as long as you maintain your payments, but the cost per thousand will be much higher than a traditional term policy in the first decade or more.

Typically, life insurance policies that are used to supplement retirement benefits provide you with a low death benefit relative to the cash value and premium payments, but offer you a higher cash value than you would otherwise get with a straight whole life or a traditional universal life policy.

Although this type of policy is easy to acquire, it offers less coverage and higher premiums than traditional life insurance, so explore all your options.

Traditional Insurance is closer to Protection: Right from the sale when the premium is a function of the sum assured to the bonus declaration which also adds to increased growth of protection component within the policy, traditional insurance is closer to protection than ULIPs wherein protection element of the policy, in most cases is more or less constant or subject to vagaries of the market and Traditional Insurance is closer to Protection: Right from the sale when the premium is a function of the sum assured to the bonus declaration which also adds to increased growth of protection component within the policy, traditional insurance is closer to protection than ULIPs wherein protection element of the policy, in most cases is more or less constant or subject to vagaries of the market and traditional insurance is closer to protection than ULIPs wherein protection element of the policy, in most cases is more or less constant or subject to vagaries of the market and fund value.

Many final expense life insurance policies are offered at a lower cost than more traditional forms of life insurance coverage — and final expense plans can allow the policy holder to make affordable monthly or annual premium payments.

Additionally, most guaranteed life insurance policies are going to be priced at a higher premium than you would find with other more traditional types of life insurance which require the applicant to be able to qualify based on their health.

The premiums for a guaranteed issue policy are more expensive than a traditional life insurance policy.

One of the down sides of obtaining life insurance with no medical exam is that the amount of coverage you can secure is far less than what you can get with a traditional underwritten term policy, such as a million dollar term life insurance policy at at affordable premium rate.

For example, if paying lower premiums through the course of the policy while still having an adequate death benefit is more important to you than receiving you returned premiums, you might want to consider a traditional term life insurance policy rather than a return of premium policy.

To cover the costs incurred by drawing from a higher - risk pool, burial insurance policies typically pay out much less for the premiums — although the premiums themselves may be lower — than traditional life insurance.

Since the insurer is willing to accept your health as an unknown risk, your premium will be substantially higher than a traditional life insurance policy.

No load life insurance allows your cash value to accumulate faster than a traditional whole life policy would, since more of your premiums are going towards that cash value rather than paying into commission.

Whether accidental death and dismemberment insurance is worth the extra premium is a question to ask when you compare quotes and rates since coverage restrictions make AD&D less economical than traditional life policies.

Traditional plans have an opaque charge structure (even up to 30 per cent of the premium) and are more expensive than unit - linked ones — policy allocation fee (7 - 10 per cent in the initial years), policy administration fee (a percentage of the premium) and fund management charges (1.35 per cent a year).

Premiums are usually more expensive than traditional policies.

Because the individuals that usually obtain rapid decision coverage are often considered to be more risky than those who buy traditional coverage, the premiums for this insurance can be higher than for policies of comparable coverage.

This means your payments will be lower than for a traditional whole life policy and if the investment ends up doing better than the minimum you're ahead, there might be enough in your policy to cover the premiums.

Although the premium will be higher than for a comparable «traditional» policy, the graded benefit policy could be the only available option.

Premiums for landlord insurance policies typically run about 25 percent higher than for traditional homeowners policies.

If you're looking to buy an insurance plan with a return of premium rider, then you're going to pay more for your plan than a traditional term insurance policy.

LIC (Life insurance Corporation) is set to launch one more traditional policy which is Limited Payment Endowment Plan.The main feature of this new plan is, the payment of premiums is limited to a term shorter than the policy.

Time and again I've been able to show how, using traditional permanent products, a person can have a $ 50,000 level premium fully guaranteed product for less than most companies charge for a $ 15,000 final expense policy.