Sentences with phrase «structure than a whole life insurance policy»

A universal life insurance policy allows a more flexible funding structure than a whole life insurance policy while still providing permanent coverage.

Not exact matches

While these products are all structured differently, the term and whole life insurance policies would fall within the category of final expense insurance, as they have limited payouts that are better suited to covering end - of - life costs than income replacement.

Although the initial death benefit is lower than with the guaranteed universal life policy, overtime the death benefit of a properly structured whole life policy may far surpass what other insurance policies will offer.

The premiums for guaranteed universal life insurance policies will be less expensive than whole life insurance, coverage amounts are flexible, and a guaranteed universal life insurance policy can be structured to provide final expense coverage up to age 90, 95, 100, and even 121 years of age.

This type of policy is typically less expensive than Whole Life Insurance, and can be structured to deliver level premiums and guaranteed death benefit... for lLife Insurance, and can be structured to deliver level premiums and guaranteed death benefit... for lifelife.