Sentences with phrase «than a term insurance policy»

In this case, a permanent insurance policy would make more sense than a term insurance policy.

Nothing works better than term insurance policies in such a situation.

Because they won't expire, whole life policies are going to be drastically more expensive than a term insurance policy.

In this case, a permanent insurance policy would make more sense than a term insurance policy.

Because whole life insurance plans are never going to expire, they are going to be more expensive than a term insurance policy.

Even before conversion, convertible insurance will be more expensive than a term insurance policy for the same amount of coverage because there is a built - in cost for the option of being able to make the conversion without a medical exam.

If you smoke and need insurance coverage, Banner is a great choice, although Fidelity Life, North American, Assurity, Sagicor and Transamerica may also be competitive options at times, particularly if you are considering something other than a term insurance policy.

While significantly more expensive than a term insurance policy, permanent life insurance can guarantee protections for a policyholder's family after death.

Permanent life insurance policies are typically 10 times more expensive than term insurance policies for the same pay out, but they offer several benefits, including potential tax advantages, stable premiums and guaranteed coverage no matter how long you live.

Not exact matches

While guaranteed universal policies are still much more expensive than term policies, they're usually the cheapest way to buy permanent life insurance.

While this makes term life insurance significantly less expensive than permanent life insurance, it also means that you will not receive any benefit if you outlive the policy.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

No medical exam life insurance policies are available for both term and whole life insurance, but the death benefits for whole life coverage are typically limited to less than $ 50,000 (while term coverage is usually limited to $ 500,000).

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.

In addition, term life insurance policies are cheaper than other forms of insurance, so they're usually the best choice if you need a particularly large amount of coverage.

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.

Yes, but you neglect to consider that the money you save by opting to go with term insurance can be invested, and you'll probably be out way ahead with that money for your beneficiaries and heirs rather than if they wait for you to die and collect their benefits through a whole life policy.

Rather than the common policy of discharging such patients to nursing homes when family members insist on continued treatment or the insurance money runs out, Catholic institutions could develop sorely needed long «term rehabilitation facilities that could build on the encouraging work being done with such patients in England and Israel.

More than just an insurance policy against late frosts or unexpected dry spells, it turns out that seed dormancy has long - term advantages too: Plants whose seeds put off sprouting until conditions are more certain give rise to more species, finds in a team of researchers working at the National Evolutionary Synthesis Center in North Carolina.

Therefore, if you're shopping for life insurance and being pitched whole life (or currently have a whole life policy), compare the cost to a 20 or 30 year term policy, and discuss your decision with a financial planner, rather than just your insurance agent.

(a) The premium for a whole life insurance policy is generally much higher than that of a term life insurance policy.

Permanent cash value life insurance policies cost much more than term, but also provide the added security of cash value accumulation.

For example, whole life insurance policy premiums tend to be far more costly than the premiums associated with term life insurance policies.

But the cash value of the policy is one of the things that makes it more expensive than term life insurance.

Annual renewable term life insurance policies are less common than level term policies.

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.

There are very limited circumstances that allow an insurance company to cancel a policy for claims history or anything else other than misrepresentation and the like during the policy term.

No medical exam life insurance is more expensive than fully underwritten coverage and typically provides fewer options, such as the ability to increase your death benefit or convert a term policy to permanent coverage.

Since permanent life insurance policies have much higher rates than term policies, and most financial obligations go away over time, term life insurance is typically the better option for most people.

While guaranteed universal policies are still much more expensive than term policies, they're usually the cheapest way to buy permanent life insurance.

In addition, Gerber's rates for term life insurance are significantly higher than those available elsewhere for simplified issue policies.

Whole life insurance policies build cash value, but they tend to be more expensive than term life insurance.

In terms of pricing, expect to pay more for mobile home insurance than you would for a standard homeowners insurance policy in Texas.

No medical exam life insurance policies are available for both term and whole life insurance, but the death benefits for whole life coverage are typically limited to less than $ 50,000 (while term coverage is usually limited to $ 500,000).

Young people are more likely to outlive a term policy than older people, which means there's a large chance that the insurance company will not have to make a payout.

Having said that, term life insurance, specifically, is more affordable than people realize: a healthy 30 - year - old pays an average of just $ 21 a month for a 20 - year policy.

Although whole life insurance policies are generally more expensive than term life policies, they can be beneficial to people who leave an inheritance to their loved ones or are planning their estate.

Other policy terms are difficult to find and for a homeowners insurance policy there's not much reason to issue them for less than a year.

But, this isn't an apples - to - apples comparison, since whole life insurance is usually significantly more expensive than term life insurance, whereas a return of premium policy is usually only slightly more expensive than a basic term policy (depending on your age and profile).

For those unfamiliar with the idea, it suggests that buying cheaper term life insurance and investing the difference in a mutual fund is a better financial option than purchasing a whole life policy and cancelling it at age 65 for the cash values.

Taking out a term life policy becomes more expensive as you get older, so it is important to review term life insurance quotes and options sooner rather than later.

Even then, don't sign up for an insurance policy until you have crunched the numbers and figured out that its benefits are likely to offer you a better after - tax return on the premiums you pay than you would earn for CD rates or long - term investments.

And when you reach age 65, you may find it difficult to find an insurance company that will give you a term policy for more than 10 years, and it will be very expensive.

In addition, term life insurance policies are cheaper than other forms of insurance, so they're usually the best choice if you need a particularly large amount of coverage.

Whether you are looking for term insurance, whole life insurance, universal life insurance or another solution, there is no need to pay more than you have to for a life insurance policy, start saving today.

Those policies are typically more expensive than standard term insurance policies.

Most permanent life insurance policies like whole life are at least three to four times more expensive than term life.

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.

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.

So rather than choosing a yearly renewable term life insurance policy, choose a 10 year term for the same price over the length of time you need the coverage.