Sentences with phrase «purpose than term insurance»

Not exact matches

to take any action otherwise prohibited under subsections (a), (b), (c), or (e) of this section where age is a bona fide occupational qualification reasonably necessary to the normal operation of the particular business, or where differentiation is based on reasonable factors other than age; to observe the terms of a bona fide seniority system or any bona fide employee benefit plan such as a retirement, pension, or insurance plan, which is not a subterfuge to evade the purposes of this Act, except that no such employee benefit plan shall excuse the failure to hire any individual; or to discharge or otherwise discipline an individual for good cause

In every other case, when the insurance carrier finds that the insured is breaching the terms of the policy like driving the vehicle for purposes other than for personal use (i.e. delivery, newspaper route, or for business), the insurance company will not renew the policy, but coverage will remain in effect until the end of the policy period.

These policies cost more than term insurance because the premiums get divided for insurance and investment purposes.

For example, cash value from a permanent policy can be used for purposes other than the original intent of the insurance.1 Also, many term policies can be converted to a permanent policy over time, and some policies provide the option to increase insurance without a medical exam.2

Because term life insurance is more affordable than whole life insurance, those who purchase whole life insurance generally do so with a specific purpose or goal in mind.

This type of life insurance is normally lower in cost than conventional Term life insurance but you have to remember that the purpose of this insurance is only going to be used to pay off your mortgage with no money left over for your dependents what so ever.

Permanent life insurance requires a lot more financial «ability» than term insurance, but its structure allows policyholders to use the money they've invested for many different purposes - as collateral on a loan, as business protection, etc..

Low cost term life insurance policies are used for many purposes other than family protection.

I've said before that I believe almost all needs for life insurance, other than estate purposes and final expense policies, are term life needs.

When it comes to buying an Insurance policy for protection purpose, then there is nothing better than a pure Term Plan.