Sentences with phrase «product than a whole life insurance policy»

Not exact matches

Designed to provide a survivorship life insurance solution for clients seeking strong protection and accumulation guarantees, this new second - to - die whole life product can cover two lives more cost effectively than two comparable individual policies.

While these products are all structured differently, the term and whole life insurance policies would fall within the category of final expense insurance, as they have limited payouts that are better suited to covering end - of - life costs than income replacement.

Plus, while fees can be lower with a variable life insurance policy than a whole life policy, the product is riskier.

However, due to the fact that the policy ends upon a specified time (the term) your premium will be less than a product that lasts the rest of your life, such as whole or universal life insurance.

Life insurance protection products that last your whole life are often not the best fit for temporary financial liabilities as they cost money than a mortgage protection polLife insurance protection products that last your whole life are often not the best fit for temporary financial liabilities as they cost money than a mortgage protection pollife are often not the best fit for temporary financial liabilities as they cost money than a mortgage protection policy.

One of the pioneers in Universal Life, Banner offers their Life Step UL ®, a permanent life insurance policy which is vastly more affordable than many rival whole life produLife, Banner offers their Life Step UL ®, a permanent life insurance policy which is vastly more affordable than many rival whole life produLife Step UL ®, a permanent life insurance policy which is vastly more affordable than many rival whole life produlife insurance policy which is vastly more affordable than many rival whole life produlife products.

Term mortgage protection insurance products have premiums lower than whole life mortgage protection policies.

Plus, while fees can be lower with a variable life insurance policy than a whole life policy, the product is riskier.

It has a lower risk than most variable universal - life insurance products, plus the ability to generate significantly higher returns than a whole life insurance policy.

Although whole life insurance premiums are generally more expensive than those for a term life insurance policy, if you have combined insurance needs that include your mortgage and other estate planning issues, the lifetime protection aspect of a whole life product can lend itself to meeting both your short - and long - term needs.

Although term insurance is less expensive than whole life insurance, the fact that it isn't permanent insurance makes it a less than ideal product for a legitimate final expense insurance policy.

The product is also more transparent than whole life insurance, in that policyholders can see exactly how the various policy elements (premiums, death benefit, mortality charges, interest, and expenses) interact.

Due to the simplicity of the product and the cost, I believe that most people are better served by term life insurance than they would be by a permanent policy (whole life, universal life in various flavors).

Designed to provide a survivorship life insurance solution for clients seeking strong protection and accumulation guarantees, this new second - to - die whole life product can cover two lives more cost effectively than two comparable individual policies.

What differentiates an Indexed UL policy from other types of permanent life insurance used for cash accumulation is that the growth of the policy's cash value is based on the performance of an equity index (usually the S&P 500), excluding dividends, collared by a cap and a floor — rather than based on a flat crediting rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «current assumption universal life»), based on a flat dividend rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «whole life»), or based on the actual investment returns of specific equity investments (a product referred to as «variable universal life»).