Sentences with phrase «than term coverage since»

The flipside of a policy conversion is the cost «permanent» life insurance is much higher than term coverage since the life insurer will certainly pay a death benefit at one point.

Not exact matches

This tendency could lend extra credibility to BP's link, since it shows up at the top of the search results list, making it an «Orwellian» attempt to control the public dialogue (a view amplified by media coverage saying that the company «bought search terms» rather than «bought ads related to search terms).

Given the median tenure for employees at a particular job is less than 5 years, it's likely you'll move to a new company within the term of coverage, and you'll have to get a new policy which is likely to have higher premiums since your age has increased.

This means that if you know that you want coverage for a longer period of time, you'll pay a higher average premium with Colonial Penn than if you purchased a longer term policy elsewhere (such as a 10 - year or 20 - year term) since your risk profile increases with age.

A term life insurance policy may work for you if you only need coverage for a limited amount of time (such as when your children are young), especially since permanent life insurance can be more expensive than term life plans.

You'll get a lot more coverage for 20 years, but since it's a 20 year term instead of 30, your premium will still be lower than the «mortgage insurance» offers and probably even lower than the 30 year level term policies other agents are quoting you for the current amount of the balance.

Since the coverage only applies during a set period, term life insurance generally costs less than whole - life insurance, which covers an individual for his or her entire life.

However, since whole - life insurance offers more complete coverage, it costs much more than term life insurance.

Since the insurance company knows it's on the hook for a death claim one day, you can imagine that this coverage costs quite a bit more than 20 year term life insurance.

A term life insurance policy may work for you if you only need coverage for a limited amount of time (such as when your children are young), especially since permanent life insurance can be more expensive than term life plans.

One notable difference between short and long term disability insurance is that short term disability insurance premiums are much cheaper than long term premiums, since the payout isn't as large and the coverage does not last as long.

Since short - term plans have been able to continue to offer coverage only to healthy individuals with tight restrictions on the benefits, and because the plans have limited durations, the premiums tend to be drastically lower than full - price premiums in the ACA - compliant market (both on and off - exchange, as individual major medical plans are required to follow the same rules outside the exchange that they follow inside the exchange).

Since it is permanent life insurance, meaning that it does not expire, it is more expensive than term life insurance per $ 1,000 of coverage.

Given the median tenure for employees at a particular job is less than 5 years, it's likely you'll move to a new company within the term of coverage, and you'll have to get a new policy which is likely to have higher premiums since your age has increased.

Whole life insurance is more expensive than term, since the insurer will definitely be paying the claim one day unless you later choose to cancel the coverage.

Since guaranteed universal life insurance policies offer permanent coverage, they're still much more expensive than term life insurance (easily 3 to 4 times the cost), but you save money as there's little to no investment component.

Since the policy is more expensive than term life, many seniors will choose a coverage amount of; $ 25,000, $ 50,000 or $ 100,000.

This means that if you know that you want coverage for a longer period of time, you'll pay a higher average premium with Colonial Penn than if you purchased a longer term policy elsewhere (such as a 10 - year or 20 - year term) since your risk profile increases with age.

Next, since the longest term of life insurance coverage lasts for a period of thirty years, you'll need to decide if you really need coverage for a shorter period of time than 30 years, since your needs may change (for example, get longer) as you mature and take on greater financial responsibility.

Term life insurance is regularly recommended by financial advisors, since these policies are more flexible and significantly less expensive than permanent coverage.

Since term insurance provides temporary coverage for up to thirty years and has a very low mortality rate, this insurance is much more affordable than permanent insurance like Whole Life or Universal Life.

Since a whole life insurance policy represents permanent coverage, there is a far greater likelihood that an insurance company will be required to pay out a claim on a whole life insurance policy than they will on a term policy.

Since you're not receiving tailored rates dependent on your particular health status, both final expense and guaranteed issue life insurance are substantially more expensive than term insurance and offer less coverage.

Since term life provides temporary coverage, it costs a lot less than permanent life insurance that provides you with lifetime coverage.

Since term insurance provides temporary coverage for up to thirty years and the product has a very low mortality rate, this insurance is much more affordable than permanent insurance, such as Whole Life or Universal Life.