Sentences with phrase «than traditional life»

Some types of non-medical life insurance do not require the completion of a health questionnaire either, thus, non-medical life insurance is often a good choice if you've been diagnosed with cancer (though it is typically more expensive than traditional life insurance) or plan to get a life insurance policy after cancer.

Some types of non-medical life insurance do not require a completion of a health questionnaire either, thus, non-medical life insurance is a good choice if you have had a heart attack in the past (though it is typically more expensive than traditional life insurance) or if you have a heart condition or desease.

You may read my article on Term insurance Vs Endowment plans to get more idea about the importance of having adequate life cover and why Small Savings Scheme like PPF can be a better option than traditional life insurance plans (such as money - back / endowment plan).

Depending on your age and medical history, a non-medical life insurance policy is roughly 30 - 50 % more than a traditional life insurance policy with a health exam.

There are a few significant disadvantages to these plans that you should take note of, the biggest one is that a no exam policy is going to be more expensive than a traditional life insurance plan.

These no medical exams are going to be much more expensive than a traditional life insurance policy.

However, if the non-return of premium has been stopping you from purchasing a term life insurance plan, a whole life plan might be a better choice than your traditional life insurance plans.

However, if you are keen on getting something back from your term plan, a term plan with return of premium (TROP) is better than a traditional life insurance plan.

Generally, having separate mortgage protection life insurance and traditional life insurance will cost more than a traditional life insurance policy of the same total benefit amount.

Death benefits are usually smaller than traditional life insurance policies.

Even with a minimum of 15 years to build cash value in it, there are many fees associated with this type of life insurance plan that makes it less appealing than traditional life insurance plans or other long term savings plans.

Whether accidental death and dismemberment insurance is worth the extra premium is a question to ask when you compare quotes and rates since coverage restrictions make AD&D less economical than traditional life policies.

This type of coverage goes further than traditional life insurance, however, providing an additional schedule of payments that are to be made under very specific circumstances.

Participating life insurance policies cost more than traditional life insurance polices because of the perceived benefit of gaining money along the way.

In case if your investment objective is returns / long - term wealth accumulation, there are better options than traditional life insurance plans.

Since the insurer is willing to accept your health as an unknown risk, your premium will be substantially higher than a traditional life insurance policy.

In addition, financial institution home loan insurance plan is far more expensive than traditional life insurance as you age.

To cover the costs incurred by drawing from a higher - risk pool, burial insurance policies typically pay out much less for the premiums — although the premiums themselves may be lower — than traditional life insurance.

Remember, guaranteed issue life insurance is always going to be more expensive than traditional life insurance because the insurer is accepting an unknown risk.

We will also demonstrate how a simple combination of a pure term and public provident fund (PPF) is far better than these traditional life insurance plans.

Even if you have to purchase a no physical exam life insurance These plans are more expensive than a traditional life insurance policy, but you can put a price tag on the safety net that life insurance provides.

Since you insurer is accepting an unknown medical risk, the insurer will charge a much higher rate than traditional life insurance.

In many cases, this type of coverage can be easier to qualify for than traditional life insurance, too.

Of course, this insurance will cost you more than a traditional life insurance policy, but it is certainly better than not having any insurance to pay for your final expenses after you die.

This type of policy has higher fees and costs of insurance but if the performance of the variable funds is strong the owner could end up with a higher cash value than a traditional life insurance policy.

It will also be more expensive than traditional life insurance for the same coverage amount.

While the price of a policy will depend on the loan amount, credit life insurance policies can cost more than traditional life insurance.

Benefit amounts are much lower than traditional life insurance policies.

The premiums for a guaranteed issue policy are more expensive than a traditional life insurance policy.

Variable universal life insurance is really not that different than a traditional life insurance policy like whole life or universal life because it still is a life insurance policy.

Although this type of policy is easy to acquire, it offers less coverage and higher premiums than traditional life insurance, so explore all your options.

One of the most commons questions that people ask about mortgage life insurance, is if there are policies are a better option than a traditional life insurance plan?

Though guaranteed issue life insurance doesn't cover as much and is more expensive than traditional life insurance, it's still a great option for a lot of people.

In addition, a free living benefits rider makes this policy much more valuable than traditional life insurance.

Because these policies are much smaller than a traditional life insurance plan, they are not going to require a medical exam, which is an excellent benefit for anyone that's in poor health or has been declined for life insurance coverage in the past.

Those who buy life insurance without the exam will be paying more than a traditional life insurance policy, in most cases.

The downside for these policies is that they are more expensive than traditional life insurance policies and have lower available death benefits coverage.

With that, final expense life insurance plans are very different than traditional life insurance plans.

The most notable one is that they are going to be to be more expensive than a traditional life insurance plan that requires an exam.

An accidental death policy is significantly cheaper than a traditional life insurance policy.

This is because burial insurance is generally easier to qualify for than traditional life insurance.

They are a lot different than your traditional life insurance plans.

And lastly, an accidental death benefit policy is less expensive than a traditional life insurance policy.

Cost Effective: Arguably the best reason to get this type of insurance is that it is cheaper than traditional life insurance plans.

This type of insurance is more precise than traditional life insurance policies.

Low Premiums: The premiums of final expense insurance for seniors is lower than traditional life insurance plans.

It's typically less expensive than traditional life insurance, since you're unlikely to actually die due to an accident (since mishaps account for only about 5 % of deaths).

Another downside is price — you'll be paying more than a traditional life insurance policy for these added benefits.

Guaranteed issue whole life coverage has much lower policy limits than traditional life insurance.

The most obvious disadvantage, as we mentioned earlier, is that these policies are going to be more expensive than a traditional life insurance plan that requires a medical exam.