Sentences with phrase «same death benefit»

The Insurance agent then provides the Jacobs with Six different term life insurance quotes for the exact same death benefit amount, $ 500,000 and the exact same term length, 20 years.

You can see the monthly cost is lower for a Universal Life versus a Whole Life policy — when comparing the exact same death benefit.

Due to the lifetime coverage and cash value, whole life insurance costs considerably more, meaning it can easily come to 10 times the cost of a term policy with the same death benefit.

Basically, a universal life insurance policy is a plan that offers the same death benefit as a whole life plan, but with a very flexible payment structure.

The premiums for term life insurance for the same death benefit of a permanent life insurance policy are generally much less, hence its applicability to someone just starting a career and a family.

As the names imply, decreasing term policies pay a lower death benefit over time, while level term policies maintain the same death benefit for the term of the coverage.

State lawmakers are introducing legislation that would give the families of EMTs killed in the line of duty the same death benefits as cops and firefighters.

Globe Life only offers coverage with no medical exam so, if you're healthy, you'll pay higher rates for the same death benefit than you would at an insurer with full underwriting.

Due to the lifetime coverage and cash value, whole life insurance costs considerably more, meaning it can easily come to 10 times the cost of a term policy with the same death benefit.

A permanent policy is typically not the right fit if you're looking to simply acquire financial coverage for your family in the case that you pass away, as term coverage will offer the same death benefit with much lower premiums.

As the names imply, decreasing term policies pay a lower death benefit over time, while level term policies maintain the same death benefit for the term of the coverage.

Basically, a universal life insurance policy is a plan that offers the same death benefit as a whole life plan, but with a very flexible payment structure.

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.

You'd likely pay about ten times as much per month for the same death benefit.

Jeremy Hallett, founder of online insurance marketplace Quotacy, said in an interview that premiums are typically 10 times higher for whole life policies than they are for term life policies with the same death benefit because permanent insurance provides coverage for life with guaranteed level premiums.

Term Rider — adding a term rider to your policy allows for additional death benefit protection but with a lower cost than trying to get the same death benefit entirely with whole life insurance.

Due to the fees and the extra feature, a whole life insurance policy can cost four times as much as a term life policy (for the same death benefit amount).

In fact, that's about a 40 % savings for the same death benefit!

«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.

Whole life insurance costs considerably more for the same death benefit protection.

Many people buy term insurance coverage when they are in their 20's or 30's because it appears more affordable when compared to a cash value or permanent life insurance policy with the same death benefit amount.

But since whole - life premiums are much higher than premiums for term - life policies with the same death benefit — they can be five to ten times more — agents make much more money selling a whole - life policy than they do selling a term policy.

The problem is that whole life can be quite costly, especially when compared to a term life policy with the same death benefit.

Also, if pass away, your beneficiaries are still paid the policy's face value — just like a standard term life insurance policy — but with the ROP rider your have paid higher premiums for the same death benefit.

It costs about 1 / 10th of what you would pay for the same death benefits coverage for a Permanent policy such as Whole Life or Universal Life.

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.

Due to the fees and the extra feature, a whole life insurance policy can cost four times as much as a term life policy (for the same death benefit amount).

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.

Variable life offers the same death benefit, but allows consumers the option to seek a better return by allocating premiums to investments like stocks and bonds.

The premiums for term life insurance for the same death benefit of a permanent life insurance policy are generally much less, hence its applicability to someone just starting a career and a family.

Many people buy term coverage when they're in their 20s because it seems more affordable when compared to a cash value life insurance policy with the same death benefit amount.

As the names imply, decreasing term policies pay a lower death benefit over time, while level term policies maintain the same death benefit for the term of the coverage.

Globe Life only offers coverage with no medical exam so, if you're healthy, you'll pay higher rates for the same death benefit than you would at an insurer with full underwriting.

Similar to guaranteed level policies, return of premium term life insurance policies offer the same death benefit throughout the life of the policy.

It's possible to purchase a term life insurance policy for just 10 % of what it would cost for a whole life insurance policy with the same death benefit.

If the same man bought a whole life policy, a type of permanent life insurance, the premium might be $ 14,090 annually for the same death benefit.

A term life insurance plan can offer the same death benefit as a whole life insurance product for a tenth of the price.

Basically, a universal life insurance policy is a plan that offers the same death benefit as a whole life plan, but with a very flexible payment structure.

Proponents of the «cash value» policies in all their various forms don't tell you that you pay 6 times what Primerica will charge you for the same death benefit.

Financial planners stress that the small premium for term life insurance purchases security and peace of mind, while leaving plenty of money left over, funds they would need for insurance premiums if they had a whole life policy with the same death benefit, to invest in other instruments, such as mutual funds or ETFs, and accrue wealth.

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.

A permanent policy is typically not the right fit if you're looking to simply acquire financial coverage for your family in the case that you pass away, as term coverage will offer the same death benefit with much lower premiums.

You can apply for and be approved for the same death benefit whether it is term or whole life insurance that you use for coverage.

You'd likely pay about ten times as much per month for the same death benefit.

Term Rider — adding a term rider to your policy allows for additional death benefit protection but with a lower cost than trying to get the same death benefit entirely with whole life insurance.