Sentences with phrase «premiums than term insurance»

Although whole life insurance has higher premiums than term insurance, the premiums do not go up over time like the premiums in term insurance do.

In fact, this is why permanent insurance is far more «expensive» in premiums than term insurance.

These policies tend to have higher premiums than term insurance, but lower premiums than whole life insurance.

Cash - value insurance has higher premiums than term insurance because part of the premium pays for the death benefit coverage and part of it goes toward the policy's cash value.

Permanent contract have much higher premiums than term insurance, but have this option of getting behind on premiums.

Traditionally, cash value insurance has higher premiums than term insurance because of the cash value element.

-- Same face valued should be written for permanent life policies, but with higher premium than term insurance.

Not exact matches

ART premiums start out lower than that of level term life insurance, but because they increase significantly, we typically do not recommend ART.

(a) The premium for a whole life insurance policy is generally much higher than that of a term life insurance policy.

For example, whole life insurance policy premiums tend to be far more costly than the premiums associated with term life insurance policies.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

If a website with term insurance quotes only shows a single price — rather than a range of possible premium rates — you're probably not getting the whole story.

But, this isn't an apples - to - apples comparison, since whole life insurance is usually significantly more expensive than term life insurance, whereas a return of premium policy is usually only slightly more expensive than a basic term policy (depending on your age and profile).

Even then, don't sign up for an insurance policy until you have crunched the numbers and figured out that its benefits are likely to offer you a better after - tax return on the premiums you pay than you would earn for CD rates or long - term investments.

There is also graduated term insurance which isn't fixed for a set term of more than a year and offers premiums that increase gradually year after year.

Because of this, premiums on whole life are significantly costlier than what you'll find with term life insurance (discussed below).

* For mortgages with terms more than 15 years, the annual mortgage insurance premiums will be canceled when the loan to value ratio reaches 78 percent, provided the mortgagor has paid the annual mortgage insurance premiums for at least five years.

Though Sagicor's simplified issue term life insurance rates aren't the absolute cheapest, they do offer lower premiums than many of the top insurers.

Not only is it possible that you will need the benefits earlier in life than expected, but the younger you are the lower the premiums for long - term care insurance.

Term life insurance allows you to leverage a relatively small monthly premium for a large guaranteed death benefit with a lower initial cost than permanent life insurance.

Initially, the premiums paid on cash value insurance, such as whole life insurance rates, are higher than those associated with term insurance, given that term insurance payments are used just to pay for current insurance coverage and not to build up cash value in the policy.

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

For a cash value life insurance policy, premiums are higher at the beginning than they would be for the same amount of term insurance.

This return of premium term life insurance policy offers much less protection than the standard term insurance plan.

One of the best benefits of term life insurance is that the premium is almost always significantly less expensive than whole life insurance.

As term to 100 does not have any cash values, premiums are typically less expensive than other permanent products that do have cash surrender values, such as whole life insurance.

In general, term life insurance premiums are lower than permanent life insurance premiums.

Banner's term life insurance policies offer flexible coverage with lower premiums than many competitors.

Term life insurance generally offers lower premiums than permanent life, and is ideal for periods of increased risk and exposure.

Whole life insurance is much more expensive than term life insurance — often 4 times as expensive for the same death benefit — because the premiums are going toward: the accumulating cash value, fees and charges (more on this later), and the death benefit (i.e., the life insurance).

Variable life insurance premiums are much more expensive for the same death benefit coverage than term life insurance, which covers you for a set period of time — usually while you have dependents.

Keystone Term life insurance allows you to leverage a relatively small monthly premium for a large guaranteed death benefit with a lower initial cost than permanent life insurance.

ART premiums start out lower than that of level term life insurance, but because they increase significantly, we typically do not recommend ART.

For the non-finance people and beginners out there, how should we go ahead with such plans and know what to invest so that we will not end up worse than what we could have had from insurance companies (the surrender value) if we hadn't signed up for term insurance, ie, signed up whole life, limited premium, ILP policies instead?

For instance, 10 - year term policies for $ 500,000 of insurance for a 35 - year old male smoker in Ontario have annual premiums ranging from just over $ 500 to more than $ 1,000, depending on which insurer you choose.

People that opt for permanent life insurance at an early age often find that because premiums are higher than with term life insurance, they skimp and buy less insurance than they really need to replace lost wages, pay off a mortgage or pay for their children's college education if they die.

Since your monthly premium is fixed but the sum you are insured for decreases roughly in line with the way a repayment mortgage reduces, it's generally cheaper than mortgage term insurance.

Term life insurance is the most affordable life insurance type — an insurance rate you pay is often 2 - 3 times lower than premiums you'd pay for a permanent life insurance policy with a similar coverage (also called whole life insurance).

However, whole life insurance premiums are more expensive than term life insurance because of the additional cash component and would need to be considered when deciding on purchasing a whole life insurance policy.

Although most life insurance companies will write term life insurance for people who suffer from asthma, in some instances, certain companies will charge a higher premium than others.

You'll likely pay a higher premium than you would for traditional term life insurance at the same coverage amount, but you'll get coverage more quickly because you won't have to go through so many hoops.

First, premiums are substantially higher than what a person would pay for a term life insurance policy for the same dollar amount, if it were to be issued.

A more basic version of term life insurance than return of premium insurance.

The average cost of return of premium life insurance is usually about 30 % higher than basic term life insurance.

We prefer to have our premiums as low as possible and rather than build up money in our insurance accounts, we'd rather use the savings we get from the lower term life premiums to invest elsewhere ourselves.

Whole life insurance policies have higher premiums than standard term insurance policies.

Premiums for permanent life insurance policies are typically higher than for term.

Return - of - premium life insurance can cost hundreds of dollars more annually than traditional term life insurance.

Insurance type matters: Term insurance products have lower than initial premiums than Whole Life or UniverInsurance type matters: Term insurance products have lower than initial premiums than Whole Life or Univerinsurance products have lower than initial premiums than Whole Life or Universal Life.

Since these needs are usually most necessary during working years, term life insurance is appropriate because it can be acquired at a lower initial premium than permanent insurance and cancelled when the specific family need is fulfilled.