Sentences with phrase «than term policies»

While more expensive than term policies, they can serve as an investment vehicle and build up a cash - value over time.

Premiums for whole life insurance plans are much higher than term policies, and premiums can be decided according to the sum assured that the insured wants to be covered for.

It is easier to find ordinary whole life policies than term policies for persons who fall into the substandard rating categories.

For that reason, the premiums for permanent insurance are more costly than term policies.

The initial premium for whole life policies are more expensive than term policies, but the premium will stay the same, and the policy will continue as long as premiums are paid.

Guaranteed Universal Life policies are more expensive than term policies, but depending on your current age and coverage needs, they could still be the best option.

Although the premiums are much higher than term policies, they are fixed for the life of the policy; and as the policy ages, a larger amount of the annual premium is applied to the cash value.

In the long run participating permanent policies may be less costly than term policies if you consider the cash value and the dividend.

Straight life insurance policies are more expensive than term policies for the same death benefit.

These premiums are more costly than term policies.

Another major drawback to Whole Life is that these policies are way more expensive than Term policies.

Because of the cash value added to whole life policies, they are drastically more expensive than term policies.

These plans build cash value as you pay monthly premiums, which means that whole life plans tend to be more expensive than term policies.

Permanent life insurance policies are also much more expensive than term policies.

Permanent life policies tend to be more expensive than term policies.

However, they are generally more expensive than term policies.

It is also important to note that guaranteed universal life policies are more expensive than term policies, so that is something to consider if pricing is an important factor to you.

Policies with an investment component cost many times more than term policies.

Since permanent life insurance policies have much higher rates than term policies, and most financial obligations go away over time, term life insurance is typically the better option for most people.

Permanent policies are more complex and more expensive than term policies.

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

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.

While guaranteed universal policies are still much more expensive than term policies, they're usually the cheapest way to buy permanent life insurance.

These policies cost more and sometimes have lower coverage than term policies that review your health and medical history, but they'll pay the same benefit whether you die five or 25 years into your mortgage.

Since there is no medical exam with simplified issue life insurance, the policies tend to be more expensive than term policies.

Even though it can be cheaper to get a joint policy than two individual permanent policies, permanent policies are typically much more expensive than term policies, so a joint policy still might not be your most cost - effective option.

That's one reason agents tend to focus on selling cash - value policies, which typically run longer and, if they're investment vehicles, involve larger dollar amounts, rather than term policies, where the dollar amounts tend to be smaller.

These policies are more expensive than term policies to ensure that the benefit payout remains the same over a long period of time.

These policies are usually more expensive than term policies, but they come with certain perks.

Permanent life insurance policies have higher premiums than term policies, often by a factor of 10 or more.

Since there is no medical exam with simplified issue life insurance, the policies tend to be more expensive than term policies.

Permanent life policies tend to be more expensive than term policies.

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

Plus, they are usually more expensive than term policies.

While guaranteed universal policies are still much more expensive than term policies, they're usually the cheapest way to buy permanent life insurance.

Since permanent life insurance policies have much higher rates than term policies, and most financial obligations go away over time, term life insurance is typically the better option for most people.

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

While guaranteed universal policies are still much more expensive than term policies, they're usually the cheapest way to buy permanent life insurance.

The premiums for a permanent policy may be more expensive than a term policy.

Since the insurance company must make a profit, and since they know they will always pay out on a whole life policy, whole life tends to be very expensive, and has lower «death» benefits than a term policy.

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.

Whole life is meant to provide coverage until age 100 or beyond, so it is understandable that it will be more expensive than a term policy.

A whole life policy costs ten times or more per month than a term policy.

This policy is more expensive than the Term policy, however, it lasts longer and will never need to be replaced, which is a comfort, especially to our older clients who don't want to have to qualify for, or afford a new policy once they reach 60, 70 or 80 years old.

If you can qualify for a term life insurance policy with no medical exam for the same price or a little more than a term policy with an exam, wouldn't it make sense to go with the policy that does not require a medical exam?

These policies have a higher premium initially than a term policy, but the coverage is for your lifetime.

Because of these two factors, whole life insurance is roughly ten times more expensive than a term policy.

For example, if you're looking for something other than a term policy, what options for permanent policies are available?

Although more complex than a term policy, it lends itself to many different ways to utilize the policy both while living and at death.

Premiums for the new policy will be higher than the term policy rates since you would pay based on your current age at the time of converting your policy and because whole life costs more than term life.