Sentences with phrase «same death benefit amount»

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.

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).

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.

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).

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.

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.

Once it's in place your monthly rate won't change, but if you buy a 20 - year policy when you're 45 you can expect to pay more than double what you'd pay at 35 for the same death benefit amount.

Coverage is often a fraction of the price of most whole life insurance policies providing the same death benefit amount.

Since this type of life insurance has a cash accumulation feature, it can be four times expensive when compared to a term life policy for the same death benefit amount.