Sentences with phrase «same over the policy term»

Not exact matches

At the same time, Congress and the White House should take steps that reduce the short - term and long - term uncertainty over fiscal policy.

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.

At the same time, the Trudeau government is preparing a new defence policy, which is expected to offer a long - term vision for the military over the next couple of decades.

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.

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.

A decreasing term life policy (aka mortgage life insurance) features a death benefit that declines over time, even while the premium typically stays the same.

So rather than choosing a yearly renewable term life insurance policy, choose a 10 year term for the same price over the length of time you need the coverage.

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.

Permanent life insurance policies don't work the same as term policies — they're able to build cash value over time as the policy's owner makes payments.

That move did encourage a short - term market bounce, but the subsequent lesson investors should have learned (and the same one I reviewed in detail last week in relation to the 2007 - 2009 collapse) is also the lesson that investors are likely to experience over the completion of the present cycle: Once extreme overvalued, overbought, overbullish conditions are joined by a deterioration in market internals, even easier Fed policy does not provide reliable support for the stock market.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

Think of it this way — if there is no chance of observing the effects of changes in PDI in the global impacts record for 50 years (Emanuel's estimate) and over that same time period we expect damage to increase in real terms by up to a factor of 32 (a real doubling in damages every 10 - 15 years), then I think that it is safe (and also responsible) to assert that over that time period the only policies that can have a discernable effect on tropical cyclone damage around the world will necessarily be adaptive.

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.

This could be a reason for them to recommend more expensive permanent life insurance policies over cheaper term life insurance, even if the commission percentage were the same.

Decreasing Term Life Insurance — With this type of policy, the death benefits decrease over various designated time increments throughout the life of the policy, but the premiums you pay remain the same.

These policies are more expensive than term policies to ensure that the benefit payout remains the same over a long period of time.

• Decreasing Term Life Insurance — Here, the death benefits decrease over designated time increments throughout the life of the policy, but the premiums you pay remain the same.

Term policies can be level term which means the death benefit will remain the same throughout the duration of the policy, or they can be decreasing term which mean the death benefit drops over the course of the policy's tTerm policies can be level term which means the death benefit will remain the same throughout the duration of the policy, or they can be decreasing term which mean the death benefit drops over the course of the policy's tterm which means the death benefit will remain the same throughout the duration of the policy, or they can be decreasing term which mean the death benefit drops over the course of the policy's tterm which mean the death benefit drops over the course of the policy's termterm.

It's always a good idea to go over your term life insurance policy in the same way you might review other aspects of your financial or retirement plan.

She encourages her clients to think about how much life insurance fees would grow over time if invested elsewhere, then compare that to the cash value of a policy over the same term.

Decreasing term life insurance — sometimes called «mortgage insurance» — offers a death benefit that shrinks over time, and a premium that remains the same for the duration of the policy.

While cash value Michigan life insurance policies carry the same kind of characteristics as a Michigan term life insurance policy they have one very big difference; they actually build up a sum of money into an account over time.

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.

To begin with, decreasing term life insurance premiums stay the same, but over the term of the policy, the payout amount decreases.

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.

Yet, over time, while an insured who owns term life coverage may need to renew at a higher premium rate, a whole life insurance policy holder will retain the same premium expense throughout the entire life of the policy.

For term policies, the premiums increase over time unless you buy a «level term» policy, guaranteeing that premiums stay the same.

Instead of offering the same monthly rate over the life of the policy, annually renewable term insurance renews every year at a higher price.

With a decreasing term life insurance policy, your premium usually will remain the same during the term, but the death benefit is reduced over time.

The cost of your premiums will stay the same over the life of your policy's term.

Can you please prepare an analysis for me that shows the true cost of this cash value insurance policy over 5, 10, 15, 20, 25 and 30 years versus buying term life and investing the difference in long term bonds over those same time periods?

Permanent life insurance policies don't work the same as term policies — they're able to build cash value over time as the policy's owner makes payments.

However, the premium amount due on a permanent policy will remain the same over time, while the term life insurance premiums can go up significantly each time you * renew.

The premiums and the death benefit are what's «level» — they stay the same over the life of the policy, unlike other term insurance with premiums that increase over time, Feldman says.

There are two types of term policies: level term vs decreasing term life insurance.With a decreasing term insurance the death benefit goes down over time, even though your policy premiums stay the same.

Despite the lower initial price, as a decreasing term life policy ages, you will still need to pay the same price even though the plan offers less coverage over time.

This is a great option for people who won't need as much coverage when their initial term is over and want to pay the same low premium as when they first took out the policy.

You're not likely to get the same coverage or terms with a rider as you would with a stand - alone term life or disability policy, but it may be a cost - effective alternative to dropping one over the other.

Therefore $ 14,000 is taxed as ordinary income (the same that would have been ordinary income had the policy simply been surrendered for its cash surrender value), and the other $ 2,000 $ 12,000 (including $ 10,000 of prior cost - of - insurance charges and $ 2,000 of «excess» value over the cash surrender value) is taxed as long term capital gains.

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

Decreasing Term Life Insurance — A plan with a death benefit that decreases over the life of the policy, but the premiums stay the same.

This is because the face value drops over time, unlike the level term which stays the same for the entire time the policy is in force.

Mrs Sharma is surprised to know about portability through a friend who describes it as a provision implemented by IRDA that allows the policyholder to switch over to a new insurance service provider under the same terms those exist under the present policy.

So rather than choosing a yearly renewable term life insurance policy, choose a 10 year term for the same price over the length of time you need the coverage.

Protective has a unique term life policy that allows you to keep your policy after the term is over at the same price, just the face amount decreases.

This means their policy offers a fixed rate like traditional life insurance, but after the term is over, unlike a traditional term policy in which the rate can increase significantly, with Protective the rate will stay the same just the coverage amount will decrease.

Level term life insurance policies provide a fixed amount of coverage with premiums that remain the same over a certain period of time, usually 5 to 10 year increments.

Generally, with a term policy, you select the length of time and amount of coverage, and your payments remain the same over time.

Most term life insurance policies pay the same benefit throughout the term, although with some policies, the death benefit drops over the course of the policy's term.

With both whole life and term, you can lock in the same monthly payment over the life of the policy.