Sentences with phrase «than its permanent life insurance counterparts»
Not exact matches
Most freelancers — and, in fact, people in general — are best - served by term life insurance, which is much more affordable than its mainstream permanent counterpart, whole life insurance.
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Permanent life insurance is initially more expensive than term counterparts, but you get the benefit of locking in a premium for good.
On the surface, whole life plan premiums are more expensive than their term counterpart but over time, the payments for the permanent insurance can become much lower.
Just like term life insurance, guaranteed universal life insurance generally costs less than its permanent life counterparts because it requires a medical exam, which allows the insurance company to better gauge the risk they are taking if they insure you.
Universal life is generally more flexible than its permanent life counterpart, whole life insurance, and can be customized to provide coverage to the age of your choice: 90, 95, 100, 105, 110, or even 121.
Guaranteed universal life insurance generally costs less than its permanent life counterparts because it requires a medical exam, which allows the insurance company to better gauge the risk they are taking if they insure you.