Sentences with phrase «than term life insurance because»

These policies cost a lot more than term life insurance because they last longer and build cash value.

The cost of permanent life (or whole life insurance) is more than term life insurance because it covers you your entire life and you don't need to worry about the premiums ever changing, increasing or your policy running out.

Universal life insurance is different than term life insurance because it is a permanent form of life insurance.

It is more expensive than Term Life Insurance because of its cash value, which can even be borrowed against by the insured member.

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.

These policies are more expensive than term life insurance because of both the lifetime coverage and the cash value accumulation.

Universal Life is different than term life insurance because of the investment factor of the premiums.

Whole life insurance is typically more expensive than term life insurance because it remains in effect for your entire life and builds cash value.

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.

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

Not exact matches

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

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.

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.

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.

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.

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.

Because these plans will never expire, they are going to be more expensive than a term life insurance plan.

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.