Sentences with phrase «premiums during your entire life»

Not exact matches

Guaranteed Rates: A life insurance policy provision that guarantees the premium rates will not change during the entire term of the policy.

Term life insurance assumes the risk that the policyholder will die during the policy's term - typically between 10 and 30 years and, therefore, the premiums remain the same throughout the entire term of the policy.

However, this type of policy still has a level premium and face amount during the entire life of the coverage.

Guaranteed Rates: A life insurance policy provision that guarantees the premium rates will not change during the entire term of the policy.

Life insurance that remains in force during your entire lifetime, provided premiums are paid as specified in the policy.

Income replacement option this plan ensures that your income is replaced and continues to be paid to your nominee in case you're not around for the return of premium option if you survive your policy term then all your premiums paid till date will be returned on debt or diagnosis of terminal illness during the term a lump sum benefit will be paid to your nominee lifelong protection option this plan ensures that you are protected for your entire life.

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

Because whole life insurance offers permanent coverage, or coverage during the policyholder's entire life, the premium is much higher than that of other types of life insurance, but they also never increase.

Briefly, the three major types of life insurance are: â $ cents Level term life insurance where your premiums remain the same during the entire term period â $ cents Annually renewable term life insurance where the premiums increase each year of the term.