Sentences with phrase «slightly higher amount of cash»

Not exact matches

When rates were high, this made a lot of sense — you pay lower premiums to get the same amount of cash value or slightly better.However, if the interest rate goes down, your premiums could go up as the life insurance company has to put more money in to maintain the policy's cash - value component.

In an auto collision insurance policy, the vehicle owner has the option of paying a slightly higher premium and going for the replacement cost coverage option, or he can reduce his premium amount by selecting the actual cash value coverage option.