Sentences with phrase «than permanent life insurance because»

The type of life insurance: Term insurance costs less than permanent life insurance because it only pays a death benefit and does not build up cash value.

Term life insurance rates are far cheaper than permanent life insurance because the death benefit isn't guaranteed and policies don't build cash value.

Term life insurance is typically more affordable than permanent life insurance because it only provides protection for a set amount of time.

Not exact matches

Permanent life insurance is generally more expensive than term life insurance because it is intended to provide coverage for your lifetime.

Investment returns on whole life insurance are typically lower than other types of permanent insurance, because the insurance company invests the cash value in extremely conservative vehicles, such as bond funds.

However, if you need more life insurance and have since developed health issues, converting to permanent will likely be cheaper than applying for a new term policy altogether because at that point your health will be taken into consideration.

People that opt for permanent life insurance at an early age often find that because premiums are higher than with term life insurance, they skimp and buy less insurance than they really need to replace lost wages, pay off a mortgage or pay for their children's college education if they die.

Since these needs are usually most necessary during working years, term life insurance is appropriate because it can be acquired at a lower initial premium than permanent insurance and cancelled when the specific family need is fulfilled.

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.

With term life, there is death benefit protection only, with no cash value build up — and because of that, term life insurance can frequently cost less than a comparable permanent life insurance policy (all other factors being equal).

Because of that, permanent life insurance policies are often used as financial planning tools that can serve many more purposes than just simply paying out a death benefit.

Mutual life insurance companies are preferable when researching the ideal permanent life insurance for infinite banking in our humble opinion because they are owned by the policy holders, rather than the public shareholders.

The cash value accumulation has a more distinct investment component than other types of permanent life insurance because it allows you to choose from a variety of investment options.

Because term insurance is simple; designed to only provide coverage for a defined number of years, and pays out if you die during that period it carries less risk than permanent life insurance and is more affordable.

My argument for term life insurance isn't solely because it's cheaper but because steady self - directed long - term investing results in greater wealth in the long run than buying permanent insurance.

These permanent life insurance options are significantly more expensive than most other policies because the company will inevitably wind up having to pay out, unless the covered individual happens to cancel or cash in their policy.

Because there aren't a lot of «bells and whistles» on term life insurance coverage, the premium cost for these policies will typically be less than that of a comparable permanent life insurance policy — with all other factors being equal.

Because the odds are high that you will in fact live past when the term expires, these policies are much less expensive than «permanent» life insurance policies that never expire.

Permanent life insurance is more expensive because of the cash value accumulation feature and can easily cost 10 times more than what you would pay for a term policy.

However, term life is generally cheaper than permanent insurance because the risk of you dying within the covered term is much less.

Some permanent life insurance products cost significantly more than a guaranteed universal life policy, because a good amount of the premium is going towards building up cash value in the policy.

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.

Because of their permanent protection, these policies tend to have a much higher initial premium than other types of life insurance.

Permanent life insurance is more expensive than term, but that is because it has the added feature of cash value accumulation and it lasts your entire lifetime.

Because of this, the premium for term life insurance can be less than that of a comparable permanent life plan.

Because whole life insurance is designed to be permanent and can earn cash value, premiums will typically be higher than with term life.

Because of its cash value and lifelong coverage, permanent life insurance is pricier and more complex than term life.

A joint life insurance policy is a possibility, but it's not really the best option because of the expense (it's usually a permanent policy, so it costs more than term life insurance) and it can get confusing when you get into the difference between first - to - die and second - to - die policies and what to do if there's a divorce.

With term life insurance, there is death benefit coverage only, without any type of cash value or savings build up — and because of that, term life insurance can often be much more affordable than a comparable permanent life insurance policy option (with all other factors being equal).

Term life insurance rates are lower than permanent life insurance rates because the policy does not stay active for a lifetime.

Because of that, the premium for term life are frequently more affordable than those of a comparable permanent life insurance plan.

Term life insurance is a popular product because people who may not have a lot of money to spend can protect their families» futures with term life insurance for a more affordable price than they can with a permanent life insurance policy.

Many people pay more than they are required for life insurance because they are under the wrong impression that whole life is the only permanent option for life insurance.

Because of this more «basic» type of coverage, term life insurance is usually much more affordable than a comparable permanent life insurance policy — with all other factors being equal.

Indexed universal life insurance, like other permanent life insurance, is more expensive than a term policy because it will pay out eventually.

Permanent life insurance is also priced higher than Term because it accumulates cash value as premiums are paid over time.

Because of this, term life insurance policies are usually more affordable than comparable permanent life insurance plans — especially for those who are younger and in relatively good health.

However, if you need more life insurance and have since developed health issues, converting to permanent will likely be cheaper than applying for a new term policy altogether because at that point your health will be taken into consideration.

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.

Because of this, term insurance is typically more affordable than a comparable permanent life insurance policy.

Take permanent versus term life insurance policies, for instance: many people have turned to buying term life in recent years because it's less expensive than permanent, which requires a person to pay for premiums for the duration of their life.

Because of this, the premium that is charged for term life insurance is usually much lower than that of a comparable permanent plan.

Also known as pure life insurance, many people prefer term life insurance plans because the premiums are more affordable than permanent life insurance.

Because of this, a term life insurance policy can be much more affordable than a permanent policy — with all other factors being equal.

Because of both the death benefit and the cash value component that are offered with permanent forms of no exam life insurance, the premium for these types of policies is usually higher than it is for a comparable amount of no medical exam term life insurance protection.

Permanent life insurance (e.g. whole life insurance, term to 100, and universal life) has premiums that are initially higher than term life insurance, but because the premiums remain level for life are actually less expensive over the long term.

Term life insurance is much more affordable than permanent life insurance simply because it's a less likely possibility that the life insurance company will have to pay out the claim.

Because term insurance is simple; designed to only provide coverage for a defined number of years, and pays out if you die during that period it carries less risk than permanent life insurance and is more affordable.

Because of this, even though term life insurance policies will often start out with a lower premium than a comparable permanent policy, at a higher age, the insured will typically have to pay much more.

Because of that, term life insurance can often be more affordable than permanent coverage — primarily if the applicant is young and in good health.