Sentences with phrase «than a whole life policy»

This is why universal life policies have the potential to earn more than a whole life policy some years, while in others they can earn less.

If you have a term life insurance policy that you have renewed more than once, it is more than likely a good deal more expensive than a whole life policy would have been.

The rates for term insurance stay locked at the same amount and are much lower than a whole life policy.

The premiums are generally more affordable than a whole life policy because the coverage can terminate before you have a chance to collect.

You can lock in the premium for life for a much lower premium than a whole life policy and still accumulate cash value on tax favored basis.

In addition these policies are much cheaper than whole life policies.

It provides a greater level of flexibility than a whole life policy does.

It is also a cheaper option than a whole life policy.

The cash value has the opportunity to grow higher than the whole life policy because the policyholder has the option to invest in securities.

Plus, while fees can be lower with a variable life insurance policy than a whole life policy, the product is riskier.

Done right, a universal life policy gives permanent insurance coverage for less money than a whole life policy.

The options of variable universal life insurance make it potentially much more valuable than a whole life policy with the same amount of premiums.

However, it is more flexible than a whole life policy.

This type of policy offers more flexibility with the payments than a whole life policy does.

There are others who want a temporary life policy to cover temporary liabilities, and would rather choose term life rather than a whole life policy.

Over the years, our agency has found that certain types of universal life policies can be much more affordable than whole life policies without sacrificing stability and security.

A universal life policy does cost less per month than a whole life policy.

The theory is that an investment portfolio will produce higher returns for the owner than a whole life policy over the long term, making term the smarter choice.

During times of rising interest rates a universal life insurance policy may also increase rates faster than a whole life policies increase dividends.

This is different than a whole life policy which covers you for your entire life.

But cash values on today's universal life policies (especially those that are less expensive than whole life policies) tend to be much smaller.

Term life insurance usually has lower premiums than a whole life policy.

Because these policies are designed to eliminate higher risk categories, they are priced lower than whole life policies.

This policy is always more affordable than a whole life policy, and both the monthly premiums and the policy's death benefit will remain level until the end of the term.

This makes it easier to afford multiple term life policies than whole life policies.

They are cheaper than Whole Life policies and make a good choice when you want to buy a lifetime policy.

Done right, a universal life policy gives permanent insurance coverage for less money than a whole life policy.

This is why universal life policies have the potential to earn more than a whole life policy some years, while in others they can earn less.

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.

If you think that a term policy will cover your requirements better than a whole life policy and that you will not need to renew when the policy expires, then term life coverage may be the best choice to get the coverage you need at a price you can afford.

Universal life policies are generally more flexible in design than whole life policies.

Buying a policy that's paid in full at your retirement age loads your life insurance costs into your earlier years, so the annual premium cost will be higher than a whole life policy with payments spread over an entire lifetime.

Although a universal life policy can allow you to earn somewhat better rates of return in your cash - value fund than a whole life policy, you can't transfer your cash value between possibly higher - yielding sub-accounts as you can with variable life insurance.

The result is a policy that offers permanent life insurance protection through a permanent whole life base policy, but which also has costs that are lower than a whole life policy due to the addition of term life insurance to the base policy.

Another coverage characteristic of term life insurance is that the policy holds no cash value, a reason term life insurance polices may be more affordable for some consumers than whole life policies.

Indexed universal life policies (IUL) are tied to a number of financial indexes and may be designed for fast accrual of cash values with greater flexibility than a whole life policy.

While this makes variable life insurance policies a better investment option than whole life policies — the potential for higher, tax - deferred growth makes it a «super-IRA» — you can only invest in the sub-accounts available through your policy.

Universal life policies are less expensive than whole life policies because the guaranteed minimum interest rate is lower for universal contracts, but premiums are more expensive than term policies.

If someone does have a permanent need, which is a small percentage of the time, a guaranteed universal life policy which functions as a life long guaranteed premium term policy makes sense as it will have a lower premium than a whole life policies.

Term life policies are more affordable than whole life policies because they are designed to be outlived.

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.

Universal life insurance gives the policyholder more control over premiums, provides permanent protection for dependents and is more flexible than a whole life policy.

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

Plus, while fees can be lower with a variable life insurance policy than a whole life policy, the product is riskier.

These policies are cheaper than whole life policies.

Compare that to whole life which lasts a lifetime, and you can see how term claims payments are much lower than whole life policies.

Some years a universal policy will earn more than a whole life policy, and some years it won't

These policies are guaranteed to last forever, and are significantly less expensive than Whole Life policies.

But cash values on today's universal life policies — especially those that are less expensive than whole life policies — tend to be much smaller.