Sentences with phrase «than a traditional policy because»

Simplified issue life insurance is more expensive than traditional policies because the life insurance companies are skipping the critical step to fully evaluate your life insurance risk.

These policies are significantly cheaper than traditional policies because you are limited to coverage only in case of accidents.

It does usually cost more than a traditional policy because the insurer is taking a bigger risk by not evaluating your health status, but this can work in your favor if you:

Not exact matches

In general, if you're relatively healthy and wouldn't mind a simple medical exam, traditional life insurance is the better option because it will likely be less expensive than a simplified issue life insurance policy.

In general, if you're relatively healthy and wouldn't mind a simple medical exam, traditional life insurance is the better option because it will likely be less expensive than a simplified issue life insurance policy.

Because of the expenses involved in purchasing options to mimic the return of an index, within the confines of the cap and participation rates, IULs can feature higher expense ratios than traditional UL policies.

Because these policies are much smaller, the premiums are going to be more affordable than a traditional life insurance plan that has a lot larger payout.

Because there is no exam, the policy may cost a bit more that traditional underwritten and fully examined policies, but the entire process is fast and hassle - free — sometimes in less than a week (from the time the application is submitted).

It is important to note that because the applicants for guaranteed issue life insurance are typically those who have health issues, the premiums for these policies are much higher than those of traditional life insurance plans.

Because the insurance company does not know the level of risk they are taking on for each individual they insure with this type of policy, premiums tend to be higher per dollar of coverage than those of traditional types of life insurance.

Because the policy is written for a specified value, it is usually easier to get than traditional term policies, and you will not have to undergo a medical exam to qualify for most mortgage life insurance policies.

If you were to apply for a traditional life plan, you would inherently be paying much more because the face value of the policy would be much higher than what you need.

Likewise, there is also no need for the submission of blood and urine samples — and, because there are no medical underwriting requirements, the application process can be much faster, and policies are approved much quicker, than most traditional forms of coverage.

Because modular homes tend to appreciate, rather than depreciate, in value and are not mobile once assembled, they are covered by traditional homeowners insurance policies rather than mobile home insurance.

Mobile home policies are generally less expensive than traditional home policies because manufactured homes cost much less to rebuild if a catastrophe, such as a tornado, destroys them.

Because these policies are much smaller, the premiums are going to be much lower than a traditional life insurance policy that gives a significant amount of coverage.

These policies tout higher premiums than traditional ones, because the insurer is essentially taking a chance on you.

Because these policies are much smaller than a traditional life insurance plan, they are not going to require a medical exam, which is an excellent benefit for anyone that's in poor health or has been declined for life insurance coverage in the past.

Variable universal life insurance is really not that different than a traditional life insurance policy like whole life or universal life because it still is a life insurance policy.

Condo insurance is often less expensive than traditional homeowners insurance, because the structure and grounds are covered under the condo association's master policy.

However, because these policies do not usually require reviewing medical records and waiting for medical test results, they can often be approved and issued much more quickly than a traditional, medically underwritten policy.

This is also a misconception, many people believe that if you have a medical condition you should buy a no medical exam policy but in fact it is not a good idea to do that because your condition is on your medical records and that will be released to your insurance company (depending on the carrier) and you will get rated much higher than you would have to take a medical exam with a traditional life insurance policy.

Insurance companies have to charge more for traditional life insurance because this type of policy has a broader type of coverage than accidental death and dismemberment.

Because insurance policies for condos and townhomes need only cover damages to the interior of a unit, Louisiana condo insurance is much less expensive than traditional homeowners insurance.

Participating life insurance policies cost more than traditional life insurance polices because of the perceived benefit of gaining money along the way.

These policies cost more than traditional insurance because the insurer is accepting an unknown risk when it comes to the applicant's health history.

Landlord insurance is different from a traditional homeowners insurance policy because renters tend to cause more damage to a property than owners.

Because the individuals that usually obtain rapid decision coverage are often considered to be more risky than those who buy traditional coverage, the premiums for this insurance can be higher than for policies of comparable coverage.

While these policies are technically considered whole life insurance, they are vastly different than traditional whole life insurance because they are available to anyone over the age of 50, regardless of any debilitating health issues they may have.

Because mobile home insurance policies are generally more affordable than traditional home policies, you should be able to find a number of policies at a rate that is less than $ 40 a month.

Because these homes are designed and built differently than traditional site - built homes, they need a special insurance policy that assumes the added risks that come with a strapped - down home vs. one built on a concrete foundation.

It is less expensive than a traditional homeowners policy because it does not have to cover the exterior structure or recreational areas.

This is quite a contrast to traditional term life insurance that can take up to three months for an approval; however, convenience comes at a cost because most non-medical term policies cost about 30 % more than those that require a medical exam.