Sentences with phrase «than term insurance because»

It is whole life insurance rather than term insurance because nobody knows exactly when they are going to pass away.

Whole life cost a lot more than term insurance because it builds cash value inside the policy, and lasts throughout your life.

Premiums for permanent coverage will be higher than term insurance because, unlike a term policy, there is a certainty that the benefit will be paid out if coverage remains in place.

Whole life insurance is far more expensive than term insurance because of the built - in guarantees for the death benefit, the premiums and the interest rate applied to cash value accumulation.

This type of insurance is generally more expensive than term insurance because it allows the insured to allocate a portion of the premium dollars to a separate account comprised of various instruments and investment funds within the insurance company's portfolio, such as stocks, bonds, equity funds, money market funds and bond funds.

Cash - value insurance has higher premiums than term insurance because part of the premium pays for the death benefit coverage and part of it goes toward the policy's cash value.

These policies cost more than term insurance because the premiums get divided for insurance and investment purposes.

You'll never convince me that whole life is better than term insurance because you can save tons of money using term, which you can then apply to a proper investing program.

Traditionally, cash value insurance has higher premiums than term insurance because of the cash value element.

Not exact matches

A primary reason whole life insurance is more expensive than term is because of its cash value.

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

ART premiums start out lower than that of level term life insurance, but because they increase significantly, we typically do not recommend ART.

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

Term life insurance is much more reasonable cost-wise than most types of life insurance because it's temporary.

A primary reason whole life insurance is more expensive than term is because of its cash value.

People often wonder if it makes sense to get cash value life insurance because it costs more than term life.

Q: Aside from AIG, and other financial insurers, the insurance industry came through the crisis better than the banks because they focused on longer - term stress tests, and not on short - term measures like VAR.

Because of this, premiums on whole life are significantly costlier than what you'll find with term life insurance (discussed below).

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.

Because term life insurance has an expiration date on them, they tend to be much cheaper than the other coverage options.

Because certain types of life insurance, such as term insurance, are very affordable, we always think you should apply the «better safe than sorry» adage.

Whole life insurance is much more expensive than term life insurance — often 4 times as expensive for the same death benefit — because the premiums are going toward: the accumulating cash value, fees and charges (more on this later), and the death benefit (i.e., the life insurance).

ART premiums start out lower than that of level term life insurance, but because they increase significantly, we typically do not recommend ART.

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.

Over the long term, finance theory says that such stocks should theoretically earn less than the risk - free interest rate, and sell at above - average price / earnings multiples because they provide «insurance benefits» for a portfolio.

However, whole life insurance premiums are more expensive than term life insurance because of the additional cash component and would need to be considered when deciding on purchasing a whole life insurance policy.

You'll likely pay a higher premium than you would for traditional term life insurance at the same coverage amount, but you'll get coverage more quickly because you won't have to go through so many hoops.

Most of our clients end up choosing term life insurance simply because it costs less than whole life.

Because it comes with a «money back guarantee» if you outlive the policy, it's more expensive than typical term life insurance.

Because the death benefits decrease over time, these policies tend to be more affordable than a standard term life insurance policy.

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.

Some people choose term life insurance because it is less expensive and less complicated than whole life insurance.

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.

Premium payments are also fixed for the term of the policy, but because a death benefit payout is expected more often than not, premium rates are often higher than with term life insurance.

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).

However, these policies are not always cheaper than say, a 10 - year term policy, because the life insurance company has to recover all of it's costs right up front.

Because of this cash value and the lifetime coverage, whole life insurance has higher premiums (up to five to ten times higher) than level term life insurance.

ROP premiums are higher than traditional term life premiums because the insurance carrier is paying out whether you live or die.

Because term is so much cheaper than whole life insurance, you can buy a lot more coverage (meaning a larger death benefit) for the same amount of money.

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.

Premiums are often much higher than a term life insurance policy with the same amount of coverage because you're paying for an insurance policy as well as putting money into the cash value portion of the policy.

22 The right under sections 1 and 3 to equal treatment with respect to services and to contract on equal terms, without discrimination because of age, sex, marital status, family status or disability, is not infringed where a contract of automobile, life, accident or sickness or disability insurance or a contract of group insurance between an insurer and an association or person other than an employer, or a life annuity, differentiates or makes a distinction, exclusion or preference on reasonable and bona fide grounds because of age, sex, marital status, family status or disability.

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.

Because whole life insurance has an investment component and a guaranteed death benefit no matter what age you die, it will always be more expensive than term life insurance.

Some clients will even get two policies from different carriers if they need more than 500k of life insurance because you can't beat the benefit of securing term life insurance online rapidly with no medical exam.

It's also why we will typically recommend folks avoid applying for a simplified issue life insurance policy simply because these «types» of life insurance policies are often times more difficult to qualify for than a fully underwritten term or whole life insurance policy.

The premium payment are not only larger than Tennessee term life insurance (the next category we will cover) because of the investment, but the insurance company pays someone to manage that investment for you.

Term life insurance rates — Term life insurance rates are usually more affordable than mortgage life insurance because some medical questions are asked.

Universal life insurance will also be more expensive than term life because of the investment portion of your payments for this kind of 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.