Sentences with phrase «so than the death benefit»

Our focus on these top whole life insurance companies is on the cash accumulation feature, more so than the death benefit.

Not exact matches

Whole life insurance policies are generally more expensive than alternatives, such as term life insurance, and the death benefit directly impacts that cost, so it's important to evaluate your family's needs before deciding to purchase.

However, these tend to have death benefits limited to less than $ 50,000, so the cost per dollar of coverage is still quite high.

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.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

However, death benefits are limited to less than $ 50,000, so you would need to look elsewhere if your family needs additional financial protection.

So, rather than tap into your savings, you can tap into your life insurance death benefit.

Permanent life insurance is so much more than simply a death benefit.

It is so basic it should probably be called «death insurance» rather than life insurance, since your primary benefit is that it will pay out a death benefit to your beneficiary.

So much so that more financial consumers say they would rather leave behind family photos (54 %) than a death benefit from a life insurance policy (49 %), according to a new survey from Life HappenSo much so that more financial consumers say they would rather leave behind family photos (54 %) than a death benefit from a life insurance policy (49 %), according to a new survey from Life Happenso that more financial consumers say they would rather leave behind family photos (54 %) than a death benefit from a life insurance policy (49 %), according to a new survey from Life Happens.

So much so that more financial consumers say they would rather leave behind family photos (54 %) than a death benefit from a life... moSo much so that more financial consumers say they would rather leave behind family photos (54 %) than a death benefit from a life... moso that more financial consumers say they would rather leave behind family photos (54 %) than a death benefit from a life... more

Although the face value (death benefit) is typically smaller than that of a traditional life insurance policy, so are the premiums.

Doing so, however, will diminish your policy's death benefit, sometimes by an amount greater than the cash you redeemed.

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.

Yet despite the abundance of benefits dogs offer, they also come with a notable drawback: Their life spans are much shorter than ours, forcing us to deal with the sadness of their deaths every 15 years or so.

[42] In other words, Part 7 (at least so far as it is concerned with benefits following injury, rather than death benefits) has two related objects: to compensate an insured person for a portion of the financial loss accrued from temporary total disability caused by a motor vehicle accident; and, where possible, to do so in a manner that brings about the end of the total disability by returning the injured person to employment or self - sufficiency.

Should you die while the policy is in force, your beneficiaries will receive not only your the initial face value as a death benefit, but also it's common for dividends to buy additional insurance by way of what are called «paid up additions», so the death benefit could actually be higher than the face value at the purchase of the policy.

A term life policy can leave you with nothing after 20 years of premiums (other than your health, obviously), so some like the option of cashing out a whole life policy early for a portion of the complete death benefit should they want or need the money.

A graded death benefit policy works a bit differently than traditional, in that you don't need to have a medical exam, and they won't order your medical records, so it's much quicker.

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.

Although the face value (death benefit) is typically smaller than that of a traditional life insurance policy, so are the premiums.

Guaranteed life insurance typically has a much smaller death benefit than term or permanent life insurance, but will be issued few - questions - asked so long as you can pay the premium.

Since the insurer is guaranteed to pay a death benefit to your beneficiaries so long as all premiums are paid, permanent life insurance rates are significantly higher than those for term life insurance.

However, these tend to have death benefits limited to less than $ 50,000, so the cost per dollar of coverage is still quite high.

Cheaper than a whole life, a GUL can provide a death benefit up to age 121 with level premiums and a level death benefit, with guarantees attached to the policy so long as premiums are kept up to date.

Whole life insurance is a safer permanent life insurance choice than some others, it can provide guaranteed interest, premium, and death benefit, so you know what to expect.

But whole life insurance is so much more than a death benefit.

So, lets say you hopefully live for more than two years, you'd have the full death benefit.

Even so, the insurer would rather lose a small amount now than pay out a large death benefit for which you paid too little.

So much so that more financial consumers say they would rather leave behind family photos (54 %) than a death benefit from a life... moSo much so that more financial consumers say they would rather leave behind family photos (54 %) than a death benefit from a life... moso that more financial consumers say they would rather leave behind family photos (54 %) than a death benefit from a life... more

After all, in the example above, the $ 600 per month would have been lost anyway, so why not pay for life insurance and control the asset for the benefit of family rather than lose it to the pension provider at death?

Also consider Riders: Each policy has a terminal illness Rider so that if you become terminally ill with less than a year to live, you can access 50 % of your death benefit to use for anything you want.

So, well before my 82nd birthday I will have paid more than my death benefit to New York Life and if I die they don't give me the larger of the two numbers.

The death benefit of universal and variable universal life insurance are tied to the success of investments, so the actual death benefit payout may be less than the policyholder planned to leave his or her family if the investments do not yield the anticipated return.

He's added more coverage so many times that his original $ 50,000 death benefit is now $ 10 million, and he has built up more than $ 1.5 million in cash value.

In general, this type of insurance pays only if you die during the term of the policy, so the rate per thousand of death benefit is lower than for Whole Life or Permanent Life Insurance.

And the liquid death benefit is available from the life insurance company quickly, so that your trustee of your estate and beneficiaries promptly have the liquid assets needed, rather than have to sell off other assets to create needed liquidity.

So if you live longer than lets say 120 you would only receive back the «cash value» of your particular policy type (for example), not the death benefit portion from that particular insurance company.

Whole life insurance policies are generally more expensive than alternatives, such as term life insurance, and the death benefit directly impacts that cost, so it's important to evaluate your family's needs before deciding to purchase.

My policy has a death benefit that actually increases by more than my cash value over the years so if i die my beneficiaries get the original face amount PLUS the cash value and then some!

It is a trust owned policy for the purpose of paying estate taxes so you really have to look at more than just premium paid and death benefit received.

So, in this case the death benefit is not more than sum assured.

So, in less than six years the death benefit would be paid for.

So, keeping in mind that single premium life insurance is going to buy more death benefit than any other mode, a liquid estate that can kick in a $ 2 - $ 3 million dollar one time premium could potentially increase the size of the estate significantly without any estate tax burden.

Waco, Texas - based Life Partners is in the so - called life - settlement market, where insured individuals sell their life - insurance policies for less than the death benefit.