Sentences with phrase «provides pure death benefit»

For some people, term life is sufficient because it provides pure death benefit protection.

One reason for this is because term life insurance provides pure death benefit protection only, without any cash value build up.

The debate is quite simple, if you are looking for a permanent life insurance coverage that is most affordable and provides a pure death benefit then a GUL policy is your ideal choice.

Term life insurance provides pure death benefit protection only, without any cash value or savings build up.

This product provides pure death benefit protection only, without any cash value or savings component.

Term Life Definition: Term life provides pure death benefit protection for a specific period of time (typically 10, 15, 20 or 30 years).

Term life insurance provides pure death benefit protection only.

Term life insurance is generally less expensive and is designed to provide pure death benefit protection for a specific period of time.

This is because these plans provide pure death benefit protection only, and they do not offer any cash value or investment build up within the policy.

Not exact matches

Because term life insurance is a pure death benefit, its primary use is to provide coverage of financial responsibilities for the insured or his or her beneficiaries.

Over time, life insurance policies have evolved from simply offering pure death benefit protection, to providing many additional savings and investment options.

A pure LIC term insurance plan which provides for the payment of the death benefit in case of unfortunate death of the life insured so that the family can take care of their financial needs in the absence of the bread - winner.

Because term life insurance provides just pure death benefit protection, the premiums for this type of coverage can be quite low — particularly if the insured is young and in good health at the time of application.

Term life insurance coverage provides pure, death benefit protection only.

With term life insurance, pure death benefit only coverage is provided, without any cash value or investment build up included in the policy.

Max Life Online Term Plan Plus is a pure term plan that provides only death benefit on death of Life Insured, provided the policy is in force.

With term life insurance, coverage is provided for pure death benefit protection only.

This is because term life provides pure and simple death benefit protection, without any other cash value or investment component attached to it.

Term life is pure insurance protection that provides a death benefit if you die within a set number of years and typically nothing if you live beyond that term.»

Otherwise known as «pure» life insurance, it should really be called «death» insurance, since the primary benefit is to provide for your beneficiary when you die.

But this is not only the difference, as it provides survival benefits, the premiums are comparatively higher than the pure death benefit insurance plans.

Term plans are pure protection plans which only provides a death benefit.

A pure term insurance plan that provides life Insurance cover to you by paying a lump sum benefit to your family in case of an unfortunate death.Choice of single or regular premium payments and an additional amount in case of an accidental death.

A term insurance plan is a pure death benefit plan and a sure shot way to provide financial security for your family at a low cost.

Term Life Insurance Plans are cheaper as compared to other life insurance plans because such plans only intend to provide a death benefit and are pure insurance plans.

All forms of life insurance include a mortality charge that pays for pure life insurance coverage — the death benefit provided by your policy.

It is a pure term insurance plan which provides only death benefit and no maturity or surrender benefit.

With a term policy, pure death benefit coverage is provided, without any cash value component.

Term coverage simply provides death benefits; it's just pure insurance, plain and simple.

Unlike simplified issue term life insurance which offers pure death benefit only, a simplified universal life (UL) policy will provide the policyholder with both death benefit protection, as well as a cash value component.

Term insurance can be thought of as «pure protection» in the sensethat it provides only a death benefit, and then, only if theinsured dies for a reason that is not excluded by the policy duringthe term of the policy.

To fulfill the IRC definition of life insurance, life insurance contracts must provide for a sufficient «amount at risk» — the pure death benefit protection that a beneficiary would receive upon the death of the insured.

A term plan is a pure protection plan with death benefits only and no maturity benefits, while a term plan with ROP provides life cover where all the premiums paid are refunded as maturity benefit, if the life assured survives maturity.