Sentences with phrase «same amount of death benefit»

All of that complication and longevity comes at a price, so you'll spend far more on a permanent policy to get the same amount of death benefit as you would on a term policy.

Therefore, for someone who is on a fixed budget, a permanent life insurance policy may be a good option — even though these policies will oftentimes start out with a higher premium cost than a comparable term insurance policy with the same amount of death benefit.

The cost comparison between buying a term policy and a permanent policy for the same amount of death benefits comparison is enormous!

You can also keep the same amount of death benefits.

I ran a quote for one individual where she could choose to pay $ 700 annually for a Term policy, or pay $ 8,700 for a Whole Life policy with the same amount of death benefits!

Not exact matches

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

In some cases, the maximum death benefit for an additional insured can be as high as those of the primary insured, meaning your spouse would have the same amount of coverage as you.

The point is to input the exact same amount of annual life insurance death benefit and PREMIUMS, for both the term and whole life products, in order to do a true: Buy term life insurance and invest the difference into an alternate investment vehicle (called a mutual fund in this software) vs. buying whole life and «investing» in the life insurance company's subaccounts.

Because term is so much cheaper than whole life insurance, you can buy a lot more coverage (meaning a larger death benefit) for the same amount of money.

«Term cost» is simply the cost of a one - year term policy on the insured employee with the same death benefit, i.e., what it would cost the employee to buy the same amount of insurance protection for one year under a term policy.2 In some arrangements, the employee actually pays the term costs.

Compared to a policy that provides an increasing death benefit, one that provides a level death benefit will be less expensive (that is, the premiums will be lower for the same amount of initial benefit).

Death Benefit Income Rider Stick with me for a minute, and I'll show you a way to «rig» your life insurance policy so you can pay less money for the same amount of coverage.

With the level term plans, both the amount of the death benefit and the amount of the premium due remains the same throughout the entire lifetime of the policy.

While the death benefit amounts may be the same, the costs, structure, durations, etc. vary tremendously across the types of policies.

(Note: The cash value of a policy is not the same as the face amount that's paid out as a death benefit to your beneficiaries.

Your payments stay the same, you get a guaranteed rate of return on the «cash value» investment component of the policy, and the death benefit amount doesn't change.

Due to the flexibility of variable life, however, this type of policy can allow policy holders to obtain a much higher rate of return on invested funds, while at the same time getting the protection of a guaranteed amount of death benefit coverage.

Because it is whole life, premiums never increase, but your initial monthly cost will be substantially higher than the term counterpart of the same death benefit amount.

Because term is so much cheaper than whole life insurance, you can buy a lot more coverage (meaning a larger death benefit) for the same amount of money.

Another thing to consider is that a mortgage life insurance policy is often written as a decreasing term policy, so the death benefit decreases over time, (just as your mortgage payoff amount decreases as you pay your monthly mortgage payments), but the premium remains the same over the life of the policy.

For example, with a level term policy, the amount of the death benefit will remain the same throughout the «term» of the policy.

While mortgage life insurance works in much the same manner as a regular life insurance policy does, with the payout of death benefits upon death of an insured, in many instances, these types of policies will only require a minimal amount of underwriting for approval.

With a whole life insurance plan, the amount of the policy's death benefit will remain the same, as will the amount of the premium payment.

In addition, the amount of the death benefit coverage would remain the same.

Also, the amount of the death benefit will typically remain the same.

American National's indexed universal life insurance products offer the same features as the company's regular universal life — such as death benefit and cash value build up — but they also offer this ability to earn an additional amount of return.

In the next 20 years or so, you would pay in the neighborhood of $ 175,000 or more in premiums to keep that $ 75,000 death benefit to age 95 I assume when you say «the yearly premiums are getting expensive» you mean the same amount you've been paying all these years is now a much larger percentage of your monthly / annual income.

Q. TRIP INTERRUPTION — Subject to the Terms of this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the Schedule of Benefits / Limits for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations:

R. TRIP INTERRUPTION — Subject to the Terms of this insurance and in the event of the Unexpected death of a Relative of the Insured Person, or in the event the Insured Person's trip or travel plans must be cancelled or interrupted as a result of a break - in or substantial destruction due to a fire or Natural Disaster of the Insured Person's principal residence in his / her Home Country, the Company will reimburse the Insured Person's actual expense up to the amount shown in the Schedule of Benefits / Limits for the costs of a one - way air or ground transportation ticket of the same class as the unused travel ticket to transport the Insured Person from the International airport nearest to where the Insured Person was located at the time of learning of such death or destruction to the International airport nearest to: (i) the location of the Relative's funeral or place of burial, or (ii) the Insured Person's destroyed principal residence; subject to the following conditions and limitations:

In the event of an accidental death, this insurance will pay benefits in addition to any life insurance but only up to a set amount total regardless of any other insurance held by same insurer, held by the client.

In this type of Term Life Insurance, the amount of the death benefit protection decreases over the term period, while premium sums usually remain the same.

One type — level term — will keep the face amount (death benefit) of the policy the same throughout the entire duration of the policy.

This is the same amount as the policy's lost income benefit limits (up to $ 900 per month) for one year following the death of the insured person.

Because the death benefit remains the same for both types of insurance, you will have to name at least one beneficiary who will receive the death benefit amount after you pass away.

Likewise, because the premium on a whole life insurance policy — as well as the amount of the death benefit — will typically remain the same, you may also want to consider whole life insurance if you want to «lock in» life insurance protection for the long term.

The low cost means you may buy more death benefit for the same amount of money when compared to whole life.

During this term of coverage, the premium will typically remain the same over time, and the amount of the death benefit will remain level.

... BUT it's a very expensive option, AND you must continue to pay the same premium for the full amount of coverage as you will pay once the death benefit has been reduced over time.

This means you can exchange or convert your term insurance policy for a whole life insurance policy with the same death benefit amount of your term insurance policy.

The most popular form of term life insurance where the death benefit and premium amount are guaranteed to stay the same throughout the life (term) of the insurance policy.

Level — With the level death benefit option, the amount of coverage will remain the same throughout the life of the policy.

Plus, if you go with a level term life insurance policy, the amount of the policy's death benefit, and its premium cost can remain the same throughout the entire duration of the policy.

Because term life provides death benefit coverage only, it is typically not as costly as a comparable permanent policy that provides the same amount of coverage along with cash value builds up.

Increasing term life insurance is a term policy that maintains the same premium throughout the term, but that has an increasing amount of death benefit.

With a term life insurance plan, the policyholder's monthly payment is the same throughout a set time period — or «term» — such as 20 or 30 years, in return for a stated amount of death benefit protection should they pass away during the time that the policy is in force.

There are policies that grow a cash value,» which is not the same thing as the amount that the life insurance policy pays out to your beneficiaries (the «face value» or «death benefit» of the policy).

With a level term life insurance policy, the amount of the death benefit will remain the same over the entire lifetime of the policy.

Today, mortality rates have actually dropped, meaning that it could be possible to get a higher amount of death benefit for the same — or even lower — premium cost on a new policy.

You pay the same amount of premium for a specific period to receive the death benefit.

For this type of policy the amount of death benefit, as well as the premium costs, typically remain the same.