Sentences with phrase «premiums over a shorter time»

For example, say you want the benefits of paying whole life insurance premiums over a shorter time period but can only afford a particular dollar amount per year.

Not exact matches

This is critical because in times when bullion coins and bars are in short supply and sell for large premiums over the spot price, getting cash based on the spot price is not nearly as good as getting your bullion back.

The premium hatchback is close to earning the tag of the Indian car that logged 100,000 bookings in the shortest time — just a little over two months.

This is a great feature as it means you don't have to pay higher premiums over the entire term of the policy if you only need more coverage for a short period of time.

It requires only a limited number of premium payments paid over a short period of time.

After accumulating multiple losses, especially over a short period of time, your claims history may begin to affect your insurance premiums.

A short pay allows you to do this by consolidating the premium payments required for a lifetime guarantee over a limited period of time.

In general, if shorter - term policies provide more flexibility when it comes to the costs incurred at the renewal of the policy, the advantage of longer - term policies is that they offer a better price and may guarantee level premiums over a given period of time.

With a 6 - month policy, car owners may have to deal with increasingly higher premium rates over a shorter period of time.

All things being equal, your life insurance policy (and LTC benefit pool) will be larger if the funds are deposited over shorter amount of time or through a single premium.

In some cases, this reflected a rise in premium of over 100 percent within just a short period of time — making these policies unaffordable for individuals who had been paying in premiums for many years.

Alternatively, you can purchase a short - level term policy — say, one to five years — for a lower premium, and then gradually reduce your term coverage over time to manage costs, while your mortgage balance declines.

Since the premiums are paid over a shorter span of time, the premium payments will be higher than under the ordinary whole life plan.

The biggest advantage of this form of coverage is that it has a remarkable level of flexibility when it comes to how payments are paid, the costs of the premiums over time, and the short - term interest rates can be reset each year.

Limited payment insurance means that you pay much higher premiums over a shorter period of time so that you don't have to pay any premiums when you are older.

Some people opt for this policy over a 10 pay because the premiums are lower but you still get the advantage of a paid up policy in a relatively short period of time.

This is a great feature as it means you don't have to pay higher premiums over the entire term of the policy if you only need more coverage for a short period of time.