Sentences with phrase «than a term policy»

These policies are more expensive than term policies because they will pay out at some point.

A whole life policy will cost more than a term policy because ALL whole life policies pay death benefits (as long as you pay the premiums and do not cancel the policy).

Straight life insurance policies are more expensive than term policies for the same death benefit.

Permanent life policies tend to have higher premiums than term policies, and may offer less flexibility than term life for pricing and options.

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.

A hybrid policy will usually cost less than a permanent policy but also offer more benefits than a term policy.

Have you ever wondered why so many life insurance agents prefer to sell you a whole life insurance policy rather than a term policy?

For that reason, the premiums for permanent insurance are more costly than term policies.

Permanent policies tend to stay in force longer than term policies.

A whole life policy costs ten times or more per month than a term policy.

Although more complex than a term policy, it lends itself to many different ways to utilize the policy both while living and at death.

It allows more flexible coverage length than a term policy because it is age specific as opposed to term specific.

These policies have a higher premium initially than a term policy, but the coverage is for your lifetime.

For example, if you're looking for something other than a term policy, what options for permanent policies are available?

Generally these policies are more difficult to quote than a term policy, unless you are an expert.

The period for conversion is usually shorter than the term policy.

In the long run participating permanent policies may be less costly than term policies if you consider the cash value and the dividend.

A whole life policy will cost more than a term policy simply because you can keep that policy up to age 100.

However, since life throws you curve balls, it may be a good idea to have something more certain than a term policy that expires in 20 years.

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

Whole life policies cost significantly more than term policies for the same amount of 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.

In the end, a whole life policy that's been in effect for 25 years will provide a much larger benefit than a term policy.

We may find a better value for a fixed rate policy to a specific age rather than a term policy (fixed rate for specific number of years).

Permanent life insurance policies have higher premiums than term policies, often by a factor of 10 or more.

A whole life policy costs ten times or more per month than a term policy.

Whole life insurance policies are more complex than term policies, which can make it more difficult to compare different whole life insurance plans.

If you can qualify for a term life insurance policy with no medical exam for the same price or a little more than a term policy with an exam, wouldn't it make sense to go with the policy that does not require a medical exam?

A permanent life insurance policy is more expensive than its term policy counterpart but does offer advantages such as building a cash value, a desire to use the investment component, and needing protection without having to renew as with term insurance.

When you convert to a permanent life policy, your premiums will increase because of your new age and because permanent policies are more expensive than term policies in general since they are designed to last forever and typically generate cash value.

You can actually get term and whole life policies that are guaranteed issue, and whole life policies may pay dividends and make it a more cost effective policy long term than a term policy.

It is easier to find ordinary whole life policies than term policies for persons who fall into the substandard rating categories.

On top of that, whole life policies are usually at least 4x more expensive than term policies for the same benefit amount.

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.

In the end, a whole life policy that's been in effect for 25 years will provide a much larger benefit than a term policy.

Second, point out 10 SPECIFIC EXAMPLES where it may make more sense to choose a whole life option rather than a term policy.

These premiums are more costly than term policies.

BOTTOM LINE: If you need less life insurance than you're currently paying for, or have suffered health issues and will need coverage longer than your term policy will provide, call your agent or insurance carrier and ask them to explain your options and your GUL option date.

Permanent life insurance policies have higher premiums than term policies, often by a factor of 10 or more.

On average, permanent policies cost 5 - 10 times more than a term policy because they last a lifetime and generate cash value, but this type of policy isn't necessary for most individuals.

Premiums for the new policy will be higher than the term policy rates since you would pay based on your current age at the time of converting your policy and because whole life costs more 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.

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

Plus, they are usually more expensive than term policies.

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.

The premiums for a permanent policy may be more expensive than a term policy.

Since the insurance company must make a profit, and since they know they will always pay out on a whole life policy, whole life tends to be very expensive, and has lower «death» benefits than a term policy.

Permanent life policies tend to be more expensive than term policies.