Sentences with phrase «same death benefit coverage»

Premium payments made for whole life insurance policies cover the cost of insurance just like with term insurance, but the premium payments are higher the same death benefit coverage.

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 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.

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.

Not exact matches

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

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.

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.

The premiums are incredibly high and increase over time (in contrast to «level term» policies, «level benefit» means the death benefit stays the same while rates rise), and coverage ends when you turn 80.

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

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.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

Rather than your coverage ending like a typical term policy, Custom Choice UL simply lowers the death benefit over time but your premium remains the same.

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.

With mortgage life insurance, the death benefit or coverage amount declines as your mortgage balance decreases, but the premium you pay remains the same.

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.

Similarly, it may also be best to stick with your term life coverage if you can't afford the premiums associated with a permanent policy that provides the same level of death benefit coverage.

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.

Level term life insurance is coverage that has the premium and death benefit remain the same for the duration of the term.

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.

The premiums are incredibly high and increase over time (in contrast to «level term» policies, «level benefit» means the death benefit stays the same while rates rise), and coverage ends when you turn 80.

AD&D Insurance has all of the same benefits as Accidental Death Insurance listed above — plus coverage for serious injury as listed below, and is a percentage of the face value:

Note that this is not necessarily the same as the actual death benefit payable Please refer to your policy's terms and conditions for additional information on the factors that may increase or decrease the actual death benefit payable, which may include loans taken or additional coverage purchased.

The same money spent on term coverage will get you much more death benefit than a permanent life insurance policy.

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 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.

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.

The term lengths that may be chosen here are ten years, 15 years, 20 years, 25 years, or 30 years — and the premium amount, as well as the death benefit coverage, will remain the same throughout the chosen time frame.

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.

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

The older someone is when they apply for the insurance, the higher the cost for the same coverage or the insurance company will provide a lower death benefit at a set premium rate.

Plus increases bodily injury and property damage liability to 50 / 100/50 (with the same limits for uninsured motorist liability) and adds $ 5,000 in PIP coverage for medical benefits and accidental death benefits, plus work loss benefits.

While a worker with a high paying job and lots of kids to support may need a million dollars or more in death benefit coverage, that same worker may need only a fraction of that coverage after the kids have grown up, found jobs and struck out on their own.

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.

Level Term — Level term life insurance has a death benefit that will remain the same (i.e. level) throughout the entire coverage term.

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

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.

Of course an increasing coverage policy will cost more than a decreasing coverage policy which starts at the same death benefit level, but an increasing coverage policy may be less expensive than adding additional insurance coverage later in life.

HOWEVER, he might pay $ 35 per month for the same $ 250,000 of coverage if that death benefit is to be paid out over 10 years, a 22 % savings.

With a number of ways to use the money that builds up in the cash value account, such as taking out a life insurance loan or paying insurance premiums, the flexibility these policies offer make them attractive to individuals looking to build up savings while at the same time securing insurance coverage providing leverage in the form of a death benefit payout.

While most people have heard of the term «whole life», it is commonly confused with newer, more advantageous types of permanent life coverage which offer the same guaranteed death benefit at roughly half the cost.

In fact, by purchasing term and investing the difference, most owners can save the same amount as the total death benefit by the time the term life insurance expires, negating the need for insurance coverage at all!

The death benefit of a whole life insurance policy stays the same for the life of the policy, unless you purchase additional coverage, and often ranges from $ 50,000 to several million dollars (similar to level term).

Premiums for whole life insurance policies are more expensive for the same amount of coverage when compared to a term life policy because a term life policy might not ever pay a death benefit but a whole life insurance policy always pays a death benefit for qualified claims.

With a level death benefit policy, coverage will remain the same amount throughout the life of the policy — and, unlike a term life policy, coverage will never expire as long as the premiums are paid.

Over the 20 years, this adds up to $ 6,600 more in coverage for the same death benefit for someone who would be considered obese as opposed to preferred.

With NEA Accidental Death & Dismemberment Advantage Insurance coverage *, you get the same great benefits that you do with our regular NEA Accidental Death & Dismemberment Insurance Plan:

As well as a locked - in premium, the death benefit will also stay the same throughout the coverage.