Sentences with phrase «premiums over a specific period»

Not exact matches

When you purchase this insurance policy, you are insured for a defined amount of coverage, at a fixed premium, over a specific period of time (10, 15, 20, or 30 years).

Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.

There's «annual renewable term,» which gives you one year of coverage at a time that you renew annually, «level premium term,» which you buy for a specific multiyear period — 10, 15, 25 or 30 years and «return of premium» which is like a level term policy but gives you all your money back after your term is over if you do not pass away.

The customer pays a premium for coverage over a specific period of time.

However, there is a type of policy that does offer good benefits over a specific period of time with low premiums called decreasing term insurance.

You pay a fixed premium toward a specific payoff over a specific period of time, perhaps one, five or 10 years.

With increasing premiums over time and an expiry date, term insurance is a viable option for those seeking life insurance for a specific period of time, say 10,20, or 30 years.

Level term insurance is a type of life insurance in which coverage is provided for a specific period of time, over the course of which the value of the death benefit and the price of the premiums do not change.

Insurance: protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.