Sentences with phrase «than traditional life insurance because»

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

Not exact matches

In general, if you're relatively healthy and wouldn't mind a simple medical exam, traditional life insurance is the better option because it will likely be less expensive than a simplified issue life insurance policy.

In general, if you're relatively healthy and wouldn't mind a simple medical exam, traditional life insurance is the better option because it will likely be less expensive than a simplified issue life insurance policy.

Because these policies are much smaller, the premiums are going to be more affordable than a traditional life insurance plan that has a lot larger payout.

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.

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

It is important to note that because the applicants for guaranteed issue life insurance are typically those who have health issues, the premiums for these policies are much higher than those of traditional life insurance plans.

Generally speaking, guaranteed issue life insurance will cost a bit more than some other traditional types of life insurance because of the increased risk factor taken on by the insurer.

Because the insurance company does not know the level of risk they are taking on for each individual they insure with this type of policy, premiums tend to be higher per dollar of coverage than those of traditional types of life insurance.

Because the policy is written for a specified value, it is usually easier to get than traditional term policies, and you will not have to undergo a medical exam to qualify for most mortgage life insurance policies.

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

Because these policies are much smaller, the premiums are going to be much lower than a traditional life insurance policy that gives a significant amount of coverage.

Simplified issue life insurance is more expensive than traditional policies because the life insurance companies are skipping the critical step to fully evaluate your life insurance risk.

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.

Traditional life insurance requires a paramedical exam; because the insurer has a better idea of your health, they're able to provide a much more accurate quote for your premiums, and this often comes at a cheaper price than final expense insurance.

This is because burial insurance is generally easier to qualify for 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.

Because the life insurance company doesn't get as much information about you before they give you life insurance, a no exam plan is going to be more expensive than a traditional plan that requires the health tests.

With these plans, you can get life insurance coverage much quicker than you can with a traditional life insurance plan that requires you to go through the medical underwriting, because you don't have to wait to schedule the medical exam and wait for the company to review the results.

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.

This is also a misconception, many people believe that if you have a medical condition you should buy a no medical exam policy but in fact it is not a good idea to do that because your condition is on your medical records and that will be released to your insurance company (depending on the carrier) and you will get rated much higher than you would have to take a medical exam with a traditional life insurance policy.

Insurance companies have to charge more for traditional life insurance because this type of policy has a broader type of coverage than accidental death and dismeInsurance companies have to charge more for traditional life insurance because this type of policy has a broader type of coverage than accidental death and dismeinsurance because this type of policy has a broader type of coverage than accidental death and dismemberment.

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

Although 5 Star Term to 100 Life insurance is a bit more expensive than traditional fully underwritten life insurance because of its more liberal underwriting requirements, it still offers an affordable option for mLife insurance is a bit more expensive than traditional fully underwritten life insurance because of its more liberal underwriting requirements, it still offers an affordable option for mlife insurance because of its more liberal underwriting requirements, it still offers an affordable option for many.

While these policies are technically considered whole life insurance, they are vastly different than traditional whole life insurance because they are available to anyone over the age of 50, regardless of any debilitating health issues they may have.

This is quite a contrast to traditional term life insurance that can take up to three months for an approval; however, convenience comes at a cost because most non-medical term policies cost about 30 % more than those that require a medical exam.

It's important to understand, however, that your rates for no exam life insurance will be higher than traditional insurance because the insurance company is accepting an unverified health risk.