Sentences with phrase «than a whole life insurance policy because»

Term life insurance is generally more affordable than a whole life insurance policy because you are not paying extra for an investment component, nor will you likely be paying on the policy as long.

Not exact matches

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.

Jeremy Hallett, founder of online insurance marketplace Quotacy, said in an interview that premiums are typically 10 times higher for whole life policies than they are for term life policies with the same death benefit because permanent insurance provides coverage for life with guaranteed level premiums.

It's also why we will typically recommend folks avoid applying for a simplified issue life insurance policy simply because these «types» of life insurance policies are often times more difficult to qualify for than a fully underwritten term or whole life insurance policy.

Because the policy is in force for a limited amount of time, such as 15 or 30 years for a mortgage, the premium costs are lower than for whole life insurance policies for the same dollar amount of coverage.

Because these plans are permanent coverage, they are going to be more expensive than term life insurance policy, but there are still several ways that you can get an affordable whole life insurance policy for your family.

Now, most insurance agents within the U.S would usually try to sell whole life insurance policies to you because they offer more security and protection benefits, but they probably won't tell you that the premiums cost more and that they receive more commissions on whole life than on term life insurance policy.

Because term life insurance only pays out if the policyholder's death occurs during the term of their coverage period, policy premiums are generally lower than whole life insurance.

That's why a term policy is better than whole, because it only covers the amount of time you actually need life insurance.

Because of these two factors, whole life insurance is roughly ten times more expensive than a term policy.

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

We are going to look at rates for term insurance policies because term policies are much more affordable than whole life policies.

Because you're essentially using your premium to both pay for your insurance and fund the investment part of the policy, and because the policy lasts well into your golden years (when you're more expensive to insure), whole life insurance is a lot more expensive thaBecause you're essentially using your premium to both pay for your insurance and fund the investment part of the policy, and because the policy lasts well into your golden years (when you're more expensive to insure), whole life insurance is a lot more expensive thabecause the policy lasts well into your golden years (when you're more expensive to insure), whole life insurance is a lot more expensive than term.

Internal rates of return for participating policies may be much worse than universal life and interest - sensitive whole life (whose cash values are invested in the money market and bonds) because their cash values are invested in the life insurance company and its general account, which may be in real estate and the stock market.

Whole life premiums are much higher than term insurance premiums, but because term insurance premiums rise with increasing age of the insured, the cumulative value of all premiums paid under whole and term policies are roughly equal if the policy continues to average life expectWhole life premiums are much higher than term insurance premiums, but because term insurance premiums rise with increasing age of the insured, the cumulative value of all premiums paid under whole and term policies are roughly equal if the policy continues to average life expectwhole and term policies are roughly equal if the policy continues to average life expectancy.

Because whole life policies are guaranteed to remain in force as long as the required premiums are paid, the premiums are typically much higher than those of term life insurance where the premium is fixed only for a limited term.

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

Because term policies are only a temporary form of coverage, they are going to be much cheaper than a whole life insurance plan.

Growing families that are on a budget but still need a high coverage amount may opt for a term life insurance policy, such as the Gerber Life Term Life Plan, because it generally costs less than whole life insuralife insurance policy, such as the Gerber Life Term Life Plan, because it generally costs less than whole life insuraLife Term Life Plan, because it generally costs less than whole life insuraLife Plan, because it generally costs less than whole life insuralife insurance.

Premiums for a whole life insurance policy are much larger than term life insurance because you're paying into the cash value, and the permanent death benefit.

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.

Because the majority of term life policies never pay a death benefit, insurance companies can offer them much more cheaply than whole life policies, every one of which eventually pays, and still make money.

Because of this, indexed universal life insurance is used by many policy holders who are seeking higher potential growth (than that of whole life, or even CDs and money markets), yet with protection of principal.

Because whole life premiums in the early years are higher than the actual cost of insurance, the build - up of the cash value in the policy reduces the risk to the insurance company, allowing for lower premiums in later years than would be paid in a term life policy.

These policies offer more flexibility than whole life insurance because the policy holder may allocate — within certain guidelines — how much of the premium goes towards the death benefit and how much goes toward the cash value.

Because the cash value is linked to underlying market - related investment accounts, the funds have the opportunity to grow more than those that are in a whole life insurance policy, or even in a regular universal life insurance plan.

This is because, unlike a whole life insurance, this policy acts merely as a protective cover rather than an investment option.

Whole life insurance premiums are generally higher initially than those for term life insurance because the premiums are guaranteed to stay the same for the life of the policy.

This coverage is considered to be more flexible than whole life insurance coverage, however, because the policyholder can decide how much of the premium goes into the cash value component of the policy and how much goes towards the death benefit (within certain parameters).

A whole life insurance policy costs more than term life — usually a lot more — because you're not only paying the premium on the insurance policy, you're also paying to build up cash value for the policy, which typically earns a fixed, guaranteed rate of return.

The cost of permanent life (or whole life insurance) is more than term life insurance because it covers you your entire life and you don't need to worry about the premiums ever changing, increasing or your policy running out.

Because whole life insurance is a little more complex than term insurance I recommend that before you get your whole life insurance quote it would be wise to briefly look over how this policy works.

Whole life may cost 2 - 3 times more than term insurance, because it does not expire and it may build up some cash value inside your policy over time.

Whole life insurance can cost double (or more) than guaranteed universal life insurance because the policies are building «cash value» which can be later borrowed against, or used to fund an investment.

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 of this, the return can be greater than that of a comparable whole life insurance policy.

Whole life cost a lot more than term insurance because it builds cash value inside the policy, and lasts throughout your life.

It costs a lot less than whole life insurance because it is temporary and builds no cash value inside the policy.

Premium: Term life insurance is an appealing option for many because the premium is affordable and much lesser than those of whole life insurance policies.

As we've discussed in earlier articles, life insurance policies that build cash value, such as whole or universal life, are more costly than pure insurance term policies because part of that additional cost goes into building cash value.