Sentences with phrase «term life component»

Over time, the term life component of the policy is converted to whole life insurance.

Instead, the cash value replaces the term life component and represents the entirety of your death benefit.

That said, consumers who want to buy cash value life insurance through traditional insurers can lower the total commission by blending term and permanent policies to start with, and then buying additional permanent coverage over time to replace the term life component.

Instead, the cash value replaces the term life component and represents the entirety of your death benefit.

At some point in the future, your cash value will reach your original policy amount, and the term life component will be eliminated from your policy.

Not exact matches

The lithium - ion battery already represents a critical component across many of Apple's existing products (iPhone, iPad, Apple Watch, MacBook, Beats) and any further innovation could be a «game changer» in terms of both battery life and form factor across Apple's entire ecosystem.

He is referring to an important component of some, but not all, term life insurance policies — the ability to convert all or part of the term policy, during the conversion period, into permanent life insurance, irrespective of the policyowner's health or proof of insurability.

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

Reference to non-physical causation does not resonate harmoniously with mechanistic biology which attempts to explain life in terms of specifiable chemical components and physical forces.

To improve health in the short term, WHO and UNICEF are working to promote breastfeeding as a key strategy and indispensable component of life programming, such a position is supported by most health ministries and professional organizations [18].

The website features style tutorials, product showcases, and how - to videos covering everything from crafts to cooking — many of which are user - generated — along with everyday brave challenges, personal stories, research and reading material... But the Brave Life Project, as a program, also exists outside the digital realm through a long - term charitable component.

As a relationship coach (and marriage therapist), I heartily believe that having good relationships with friends and family — and for most of us, being in a successful, long - term romantic one — are super important components of a good life.

Most of us should hope for a long life, i.e. investing in retirement should also have a «long term» component

The logic goes that the main selling point of whole life insurance — that you get an insurance policy along with a cash - value component that acts as forced savings — is actually a poor decision, and you'd be better off buying a cheaper term life insurance policy and investing the money you save elsewhere with a better return and lower fees.

There's no investment or cash accrual component to term life either.

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

Whole life insurance, however, takes everything you get with a term policy and attempts to add an investment component.

However, whole life insurance premiums are more expensive than term life insurance because of the additional cash component and would need to be considered when deciding on purchasing a whole life insurance policy.

It is different from term life insurance in that it includes a savings or investment component.

There are many insurance and financial professionals who suggest that those who purchase a Term Life policy can make up for the investment component of a Permanent Life insurance policy by investing the cost savings between the two on their own.

Term life insurance is usually limited to income replacement, while whole life insurance also includes an investment component and builds cash value against which you can borrow.

It's easiest to explain whole life policy as two different parts: A term life - style death benefit paired with a savings account - style cash value component that provides a guaranteed, but minimal, growth rate.

Think of whole life insurance as a term policy with an added savings component.

Universal life insurance policies have often been described as being similar to a term life policy with a cash value component.

Because term life insurance doesn't include an investment component, it is almost always the most affordable coverage you can buy.

Sure, the shopping process can get a little complicated, especially if your health situation is a little complicated, but at the end of the day, term life insurance is made up of three basic components: your coverage (also known as your death benefit), your term (how long the policy lasts), and your premium (how much you're paying for it).

For the life insurance component, you won't be able to withdraw any money for a specified term, but you can choose to have your beneficiaries receive benefits for a fixed term, such as ten years.

However, an executive bonus plan's key components is the cash value incentive for the employee, so term life is typically not a good choice.

Although a permanent life insurance policy with a cash - value component will help you save for retirement, the best way to maximize your returns is to combine a term life insurance policy with a traditional savings account like a 401 (k) or an IRA.

The reason term life insurance is cheaper is that it provides a death benefit only, and does not include an investment or cash accumulation component like permanent life insurance.

Essentially, cash value life insurance products are made up of two components: the cash value, of course, and a term life insurance product.

At the very beginning of your policy's lifespan, it has two components: a $ 500,000 term life insurance policy and a $ 0 cash value.

Compare the long - term environmental contamination of oil spills non-sustainability of oil with PV modules that can be recycled at the end of their useful life and some of the component materials can be re-used.

Water vapor, which is a greenhouse gas, albeit short lived, and a component of and response to weather conditions — but not, being so ephemeral, a driver of much longer term weather patterns (or climate)-- and due to it's heavy prevalence the greenhouse gas that is on average responsible for more re ra - radiated heat than any other, in fact is not warming, but cooling.

Anyways, I have enough confidence in modern scientific methods, to speculate that smoking all of the rest of our planet's hydrocarbon resources, by inefficent combustion methods, will not produce the desired long term planetary results, in system with life is a major component.

Law school courses with a heavy ethical component can easily be brushed aside as non-essential courses, since they usually carry a lighter course load and are short - lived (for example, the mandatory Alternative Dispute Resolution course from our January term).

A whole life insurance policy that has an investment component added in can cost many times more than a simple term policy.

Because whole life insurance has an investment component and a guaranteed death benefit no matter what age you die, it will always be more expensive than term life insurance.

In addition to the duration, these are also different to term life policies because they boast a cash value component.

If you are buying term life insurance, you are buying it strictly for the life insurance protection component only.

Of the two, term life insurance tends to be more flexible and less expensive but if you're looking for an investment component, you may prefer permanent coverage.

Term life insurance offers just pure death benefit protection, without any cash value or savings component.

That is because with term life insurance, the insured is protected with a death benefit, and there are no other «bells and whistles» included on the policy, such as a cash or savings component.

It is important to note that the term and / or whole life insurance plans (including the guaranteed acceptance policies) may not be available in all states, or the components of the coverage could differ, depending on your state of residence.

Universal life provides coverage for life and can be structured to act like a term policy to age 95, 100, 105, or 120, essentially stripping away the cash value component and offering you the cheapest, long term coverage available.

Unlike term life insurance, which does not accumulate cash value, universal or whole life insurance has a cash component, especially later on.

I think the Money Guard Reserve would sell wonderfully if the only two components offered were long term care insurance with return of premium at any time, but this product also adds life insurance!

Universal Life has the same components as Whole life, with the exception that these policies may be much more flexible for the buyer in termsLife has the same components as Whole life, with the exception that these policies may be much more flexible for the buyer in termslife, with the exception that these policies may be much more flexible for the buyer in terms of:

Of the many life insurance products out there, term life insurance typically is known to offer you the most coverage for the least amount of money; and although there is no investment or saving component, there are many who would tell you to «Buy term, and invest the difference.»

While term insurance is designed for a specific time period, whole or permanent life insurance is designed to last a lifetime and includes an investment component called «cash value.»