Sentences with phrase «than the lifetime policy»

The Accumulator policy features greater flexibility and greater potential for building cash value than the LifeTime policy.

Not exact matches

Lifetime Builder ELITE also offers the potential to accumulate greater cash values over the life of the policy than other fixed - interest permanent insurance products.

Under a boldly progressive mayor and Council speaker, New York is safer and public policy is more equitable than at any point in our lifetimes.

«Trends of an increasing lifetime prevalence of suicide attempts over the 10 - year period and of a higher prevalence of suicidal ideation and plans among military personnel than among civilians in 2012/13 is a concerning and important observation with public - policy ramifications,» writes Dr. Jitender Sareen, Department of Psychiatry at the University of Manitoba, Winnipeg, Manitoba, with coauthors.

For a new California teacher, even the limited refund policy would be worth more than her actual lifetime pension benefits for the first 22 years of her career.

Vergara argues that lifetime tenure — awarded after less than two years in the classroom, dismissal procedures that make it nearly impossible to fire incompetent teachers, and «last in first out» layoff policies that reward seniority over merit, have harmed California's children.

Could you pay more than the policy limit in your lifetime?

Lifetime Builder ELITE also offers the potential to accumulate greater cash values over the life of the policy than other fixed - interest permanent insurance products.

If you examine the gender gap in pay over a lifetime, women make $ 434,000 less than men, according to a fact sheet from the Democratic Policy and Communications Center.

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.

More than 10 million pets are lost each year, and one in three pets will be lost at some point in its lifetime, according to the National Council of Pet Population Study & Policy and the National Humane Society.

If you own a typical permanent life insurance policy (lifetime coverage) and did a straight present value calculation of the premiums you can expect to pay during your lifetime, the total will be less than the death benefit.

Of course it follows that Universal policies cost much more than term because they provide lifetime coverage, death benefits and guaranteed cash value accumulation.

However, over the course of a lifetime, whole life insurance is a less expensive option than renewing or rewriting a term policy again and again.

The main purpose of the legal reserve is to provide lifetime protection, but because more money is collected in premiums in the early years of a policy than is needed to cover the mortality charge, level - premium policies develop a cash value, which the policyholder can borrow against, or can surrender the policy for its cash value if the policyholder no longer wishes to continue the life insurance policy.

The amount of your premium varies according to your health and other factors, but will be lower than premiums for most whole life insurance policies, which last a lifetime and build cash value.

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

I think the no lapse guaranteed universal life may be the better option than a fully underwritten term life insurance policy, because it does provide guaranteed lifetime coverage.

As a result, the original premiums that were projected to sustain the policy over Mr. Zathia's lifetime were less than what the contract required and the policy cash value was used to make up the difference.

That means they have a cash value, are generally more expensive than comparable term policies, and can last you your entire lifetime (s), as long as you keep paying the premiums.

These types of policies offer the advantage of guaranteed level premiums throughout the insured's lifetime at substantially lower premium cost than an equivalent whole life policy at first; the cost of insurance is always increasing as found on the cost index table (usually p. 3 of a contract).

Term life insurance rates are lower than permanent life insurance rates because the policy does not stay active for a lifetime.

If they want Term coverage, it will be much more affordable than a Guaranteed Lifetime UL or a Whole Life policy.

A universal life insurance policy is built to last for the entire lifetime of the insured — and it can also provide more flexibility than some other types of permanent life insurance, like whole life.

It is quite common for people to acquire more than one life insurance policy in their lifetime.

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

Once advantage of purchasing a term life insurance policy is lower insurance premiums than a permanent life insurance policy.Permanent Life Insurance is a lifetime policy with flexible coverage and payment options.

If the policy performs well and policy costs stay low, it's very possible that over the lifetime of a universal life contract, that substantially less premium may be paid into the contract than in the case of whole life.

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.

Many term life policies do allow prorated refunds at some point during the life of the policy, during the insured's lifetime, although such refund is usually «short rated», that is, it is significantly less than the imputed value of the refund if calculated using conventional tables, using the rate of return specified in the insurance contract.

Whole life insurance is designed to protect the policy holder for a lifetime, rather than just for a term.

In contrast, the advantage to a universal policy is that the person is covered for their lifetime and while the monthly premiums are higher than term life, a portion of the premium are being invested for them and are available in the future to cash out or borrow against.

Could you pay more than the policy limit in your lifetime?

If it doesn't get any better than that, we also offer a lifetime support so if you ever need to make changes to your policy or simply want to upgrade or downgrade your plan, a live agent is only a phone call away.

Premiums are higher than those of term life but the policy is intended to be permanent and provide coverage over a person's lifetime — up until 100 years old or as much as 120 years old.

Although whole life insurance premiums are generally more expensive than those for a term life insurance policy, if you have combined insurance needs that include your mortgage and other estate planning issues, the lifetime protection aspect of a whole life product can lend itself to meeting both your short - and long - term needs.

First, it allows those with a small budget to get the lifetime coverage they need while young rather than having to buy a term life policy which will expire.

These kinds of policies are attractive to those who want insurance that will stay in force for longer than a specific term, or for a lifetime.

Whole policies are most affordable when a person is young, but they are still more costly than term because of the investment feature and because of the lifetime duration.

Sometimes called a «life settlement», a «senior settlement» or a «lifetime settlement», the life insurance settlement typically offers the original policyholder more money than the cash surrender value of the policy, and offers the life insurance settlement company an opportunity for substantial profits.

Individuals who may want more than a standard term life insurance policy understand that both of these are more expensive and contemplate, «If I'm paying much more, why don't I simply get the policy that will last my whole lifetime?

Long term policies such as 20 - year term or lifetime cover are more expensive than 5 - year or 10 - year term life insurance.

Some policies approve of premiums being paid in lump sums or shorter - than - lifetime payments (e.g., 10 or 20 years), while others may require lifetime payments.

You may be better off buying supplemental travel health insurance coverage from your current health insurance provider, even if it is more expensive than a separate travel insurance policy, in order to avoid a potential reduction of your lifetime maximum benefit.

We often find that rates for «Lifetime» policies are actually lower than those of 25 or 30 - year term life policies for people aged 50 - 59.

Whole Life Insurance — Offers lifetime coverage with higher rates than term life, but builds cash value inside the policy over time.

Guaranteed universal life insurance (GUL) offers lifetime protection, fixed premium payments, with a smaller price tag than other permanent policies.

This keeps the premiums lower than they would be under a permanent policy, which provides for lifetime payment of premiums.

Permanent Life Insurance — Seniors who need lifetime protection and wish to build cash value inside the policy choose permanent life insurance, though it costs more than term life insurance.

This type of policy offers lifetime coverage but with a smaller cash build up, leading to lower premiums than the other two UL policies.