Sentences with phrase «premiums over the entire term»

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.

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.

Not exact matches

Since the plan also ensures that if he were to survive till the end of the policy term, he will receive all the premiums that he has paid over the entire term thus ensuring that he receives commensurate benefits for the premiums he invests whether it is in the form of the Death Benefit or Maturity Benefit.

No more lapses As the policy premium is single and is paid up in a lump sum, therefore, you do not have to stress over policy getting lapsed in a case of premium non-payment hence, making the policy valid for the entire policy term, which creates a good cash value while you render policy benefits in the end.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

The main differences between term and permanent life insurance are that permanent life insurance is in force for your entire life (as long as you pay the premiums) instead of a certain «term,» and permanent insurance accumulates cash value over the life of the policy.

With these policies, if you keep the policy in force for the entire term, say 20 years, the insurance company will refund the premium payments you made over that 20 - year period.

A term policy is essentially a YRT that has the premium averaged over the entire length of the term life insurance policy.

Following are the breakdowns of the actual premium costs (and savings) over a 1 - year period as well as the entire 20 - year level term period.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

Whether or not your premiums remain level for the entire term period or increase over time will depend on the type of term policy you purchase.

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

Most permanent life policies require premium payments over the insured person's entire lifetime and do not permit a change in the death benefits, coverage options, terms, or conditions.

What the actuaries do with the 30 year term life insurance policy is to average out the costs over the 30 year period and charge you a level premium for the entire period.

When deciding on a policy, make sure you can budget in the premium over the long term or for the entire life of the policy.

You get flexibility to pay premiums in a single year, over five years or during entire Policy Term; Policy Term can vary from 10 years to 20 years.

The main differences between term and permanent life insurance are that permanent life insurance is in force for your entire life (as long as you pay the premiums) instead of a certain «term,» and permanent insurance accumulates cash value over the life of the policy.

The premiums are typically lower than for other types of term life insurance, and remain steady over the entire term of the policy.