Sentences with phrase «such as their whole life»

At certain points during the period of coverage, you can convert your term policy to a permanent life insurance policy (such as a whole life insurance policy or universal life insurance policy) and premiums are determined by your original health rating.

Many term policies are also convertible, which means they may be exchanged for another type of policy, such as whole life.

If you are looking for a life insurance policy as an investment vehicle, you may want to consider a permanent life insurance policy, such as whole life insurance or universal life insurance.

It takes patience and discipline to invest in alternatives to term life such as whole life, particularly when using the policy as a home base personal finance bank.

Term life insurance is less expensive to purchase than permanent insurance (such as whole life, variable life, or universal life) during your early years.

If you can afford to pay a little more for your coverage, you can lock in a rate on a permanent life insurance policy, such as whole life or universal life.

If you are considering permanent life insurance — such as whole life, universal life, or variable life insurance — you probably know that these types of policies provide both death benefits and cash value accumulation.

There are several types of permanent life insurance, such as whole life insurance, universal life insurance, and variable life insurance.

If you choose to exercise this option, it allows you to convert all or a portion of the existing death benefit to permanent insurance coverage, such as whole life or universal life, with no evidence of insurability required (i.e. no medical exam or health questions).

If you have a permanent life insurance policy, such as a whole life or universal life insurance policy, you may wonder at some point about cashing in your policy.

Initially, the premiums paid on cash value insurance, such as whole life insurance rates, are higher than those associated with term insurance, given that term insurance payments are used just to pay for current insurance coverage and not to build up cash value in the policy.

Aside from permanent life insurance policies such as whole life, the other main category of life insurance is called term life insurance.

Cash value life insurance may be one of several types, such as whole life, universal life or variable life.

As term to 100 does not have any cash values, premiums are typically less expensive than other permanent products that do have cash surrender values, such as whole life insurance.

Some types of permanent life insurance policies, such as whole life insurance, can offer many benefits that are distinct from term life plans.

Not all insurers offer permanent policies, such as whole life insurance, so this is something you'll want to check before applying for your policy.

Term insurance differs from the permanent forms of life insurance, such as whole life, universal life, and variable universal life, which generally offer lifetime protection as long as premiums are kept current.

Since you're able to choose from a variety of investment options, variable life insurance policies have higher upside potential than other cash value policies, such as whole life insurance.

Permanent life insurance, such as whole life insurance, may also allow you to save for your child's college tuition or down payment on a first home.

Most term life insurance policies allow you to convert your term policy into a permanent life insurance policy such as whole life insurance.

The cash account in cash value life insurance, also known as permanent life insurance, such as whole life and universal life typically receives compound interest.

Evaluate product selection: Although many companies sell similar policies, some focus more on certain products, such as whole life insurance, or on certain customers, such as seniors.

Although many companies sell similar policies, some focus more on certain products, such as whole life insurance, or on certain customers, such as seniors.

One of the benefits of cash value life insurance such as whole life and universal life is the ability to take out a life insurance loan against the cash value of your account.

The face value does not always equal the death benefit, particularly when you are dealing with permanent coverage, such as whole life insurance, that has accompanying riders such as PUA riders and term riders and also has life insurance dividends that can increase the death benefit.

As the name suggests, a permanent life insurance policy, such as whole life insurance, does not expire as long as you pay your premiums.

Universal life insurance is designed to offer many of the same benefits as traditional permanent * life insurance policies such as whole life, but offers more flexibility that allows you to adjust your premiums and coverage as your needs change.

Whereas traditional vehicles, such as whole life insurance and fixed annuities, provide returns that are determined by the insurance company, newer alternatives enable clients to make choices that help determine returns.

Though you can only convert to a permanent policy, such as whole life or universal life insurance, you don't have to demonstrate that you're in good health.

Term life insurance plans typically carry a lower premium than other types of life insurance, such as whole life.

However Permanent Life insurance products such as Whole Life insurance can and do carry additional charges.

Term life insurance is inexpensive relative to other types of life insurance such as whole life or universal life.

For a participating policy, such as whole life insurance, the ability to be eligible for dividends when they are declared by the company and optional methods by which dividends can be received.

Some insurers offer more complex life insurance products such as whole life insurance or universal life insurance, other — less complicated products such term life insurance only.

There are a variety of permanent life insurance policies such as whole life insurance, universal life insurance, and variable life insurance — and even combination policies like variable universal life insurance.

However, anchoring can lead to some pretty nasty financial outcomes particularly related to buying insurance - type products such as whole life insurance or annuities.

Cash value is a feature of most types of permanent life insurance, such as whole life and universal life insurance.

But permanent policies such as whole life insurance typically provide a lifetime death benefit, regardless of your health, as long as you pay the premiums to keep the policy in force.

Being aware that variable coverage comes with a higher level of risk than some other types of permanent life insurance, such as whole life or universal life, can also help to ease any surprises should the market take a sudden downturn.

Yet, universal life, or UL, also provides so much more than what is offered with more «generic» forms of permanent coverage such as whole life insurance.

There are various types of Permanent Life insurance such as Whole Life, Universal Life and Variable Life insurance.

The cash value earned from a permanent * life policy (such as whole life, universal and variable life) can be withdrawn or borrowed against, providing living benefits that can used by your child as he or she gets older for many things such as:

In most instances, a permanent type of life insurance, such as whole life or a guaranteed universal life policy, will be the only option available.

Diabetics may also find better ratings applying for a permanent type policy, such as whole life insurance or universal life insurance rather than term.

Permanent life insurance such as whole life or universal life insurance builds up cash value that you can access while you are still living.

Permanent life insurance such as whole life or universal life insurance builds up cash value which you can access while you are still living.

At the end of the term, you will have the opportunity to purchase another term, or even it to convert your policy to a permanent insurance policy such as whole life, universal life or variable life.

Term Life Insurance, in comparison to Permanent Life Insurance, such as Whole life, has a given number of years for which the policy premium is guaranteed.

You can categorize permanent life insurance into two categories permanent life insurance that can build cash value — such as whole life, or universal life.

The opposite type of life insurance, such as Whole Life Insurance, carries a cash value.