Sentences with phrase «than permanent policies because»

Term policies tend to be more affordable than permanent policies because they don't cover you for your entire life.

Term life policies are typically more affordable than permanent policies because term life coverage is temporary and does not accrue cash value.

Not exact matches

In fact, the economic output that is lost because of poor education policies and practices leaves many countries in what amounts to a permanent state of economic recession — and one that can be larger and deeper than the one that resulted from the financial crisis at the beginning of the millennium, out of which many countries are still struggling to climb.

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.

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.

On average, permanent policies cost 5 - 10 times more than a term policy because they last a lifetime and generate cash value, but this type of policy isn't necessary for most individuals.

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.

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 of that, term life will frequently be cheaper than a permanent policy, with all other factors being equal.

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 of that, the premiums on these policies can typically be less than a comparable permanent policy.

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.

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.

Because there is no cash value includes with a term insurance policy, the premium that is charged will oftentimes be less than that of a permanent insurance policy — all other factors being equal.

Term life has more flexibility in coverage than permanent life policies because it offers temporary coverage for a predetermined period of time and is more affordable for families on a budget.

Because of your age and potentially declining health, it may be cheaper to convert a term policy you already have to a permanent policy rather than reapply for a new term policy.

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.

When you convert to a permanent life policy, your premiums will increase because of your new age and because permanent policies are more expensive than term policies in general since they are designed to last forever and typically generate cash value.

Permanent offerings tend to be pricier than term because part of the money goes toward investments that the insurer makes on your behalf, which allows your policy to accrue cash value over time.

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.

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.

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.

On average, permanent policies cost 5 - 10 times more than a term policy because they last a lifetime and generate cash value, but this type of policy isn't necessary for most individuals.

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 these policies provide permanent coverage, they are going to be more expensive than term plans.

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

Because term does not offer any cash value, these policies are typically much more affordable than comparable permanent coverage — all other factors being equal.

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.

Permanent life policies are more expensive than term life ones because of the cash value portion.

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.

Because of their temporary nature, term insurance premiums are far less expensive than permanent policies with a comparable death benefit.

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 this, term life insurance can often be much more affordable than a comparable permanent insurance policy.

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.

We are not going to debate the term vs. whole question here, because there is no need: from a strict cost perspective, term life is much cheaper than whole life, while offering almost as much protection as any permanent policy (except for the fact that it expires after a set number of years).

Because of this, as well as the cash value build - up, the premium on a permanent life insurance policy may start out to be higher than that of a comparable term life policy.

The insurance company offering permanent insurance is collecting far more in annual premiums than is necessary to «just» cover the annual cost of death benefit coverage, because the policy is designed to endow at its face value (i.e., have the cash value compound to the policy's face value) at age 100.

Other people buy term life insurance simply because it costs much less than a permanent insurance policy.

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).

This is because term life insurance for seniors is cheaper than comparable permanent policies, and the term policy will cover you and your family for the duration of time you need it.