Sentences with phrase «sense than whole life insurance»

Term life insurance policies also just make a lot more sense than whole life insurance policies.

Not exact matches

For these folks diagnosed with a condition, like Type 1 diabetes or type 2 diabetes diagnosed at a young age, or some type of congenital heart defect, or one of a hundred other such pre-existing conditions, it may make more sense to lock into a whole life insurance policy when given the chance, rather than take the risk of never being able to qualify for ordinary life insurance again later on in life.

All of the information has made it clear that it makes more financial sense to buy an inexpensive term insurance rather than on a whole life insurance policy.

As an example, if you have life insurance to pay off your mortgage so that your family can remain in your home should something happen to you, but your mortgage balance will be paid off in ten years, then it may make sense to cover that need with an inexpensive term policy rather than a more costly whole life insurance plan.

If you are terminally ill now and your doctor has given you less than 2 years to live, you may be wondering if it makes sense to buy a guaranteed whole life insurance policy at this stage.

The cash value that develops in a whole life insurance policy is not «insured» in the sense that it is not guaranteed to accumulate at a rate greater than the minimum rate set forth in the contract.

Whole life insurance is insanely profitable for life insurance companies so they spend more than just a little training time teaching agents how to keep turning clients back to whole life and how to make sense of too little insurWhole life insurance is insanely profitable for life insurance companies so they spend more than just a little training time teaching agents how to keep turning clients back to whole life and how to make sense of too little insurwhole life and how to make sense of too little insurance.

I did a Google search for «senior life insurance» to kind of provide a sense of the industry logic that if you're over 50 life insurance suddenly becomes a whole different thing than we needed just a few years before.