Sentences with phrase «than whole life insurance because»

It costs a lot less than whole life insurance because it is temporary and builds no cash value inside the policy.

These policies offer more flexibility than whole life insurance because the policy holder may allocate — within certain guidelines — how much of the premium goes towards the death benefit and how much goes toward the cash value.

It costs less than whole life insurance because you receive nothing at the end of the term.

Not exact matches

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

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

Because of this, premiums on whole life are significantly costlier than what you'll find with term life insurance (discussed below).

Investment returns on whole life insurance are typically lower than other types of permanent insurance, because the insurance company invests the cash value in extremely conservative vehicles, such as bond funds.

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).

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.

Most of our clients end up choosing term life insurance simply because it costs less than whole life.

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.

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.

Later in life whole life premiums, because they typically remain level, will actually be lower than the insurance costs of the company on an annual basis.

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.

Frankly, because the rate of return on a whole life insurance cash value is lower than simply investing the money in your retirement account.

Because it's stripped - down life insurance, without additional fees or maintenance, it's much more affordable than whole life.

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 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.

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.

Because the policy is in force for a limited amount of time, such as 15 or 30 years for a mortgage, the premium costs are lower than for whole life insurance policies for the same dollar amount of coverage.

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

Because these plans are permanent coverage, they are going to be more expensive than term life insurance policy, but there are still several ways that you can get an affordable whole life insurance policy for your family.

Now, most insurance agents within the U.S would usually try to sell whole life insurance policies to you because they offer more security and protection benefits, but they probably won't tell you that the premiums cost more and that they receive more commissions on whole life than on term life insurance policy.

Because term life insurance only pays out if the policyholder's death occurs during the term of their coverage period, policy premiums are generally lower than whole life insurance.

That's why a term policy is better than whole, because it only covers the amount of time you actually need life insurance.

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

Because they won't expire, whole life policies are going to be drastically more expensive than a term insurance policy.

I recommend whole life insurance for everyone because the benefits of coverage, the building up of a cash value, and the fact that an individual is covered more than 20 or 30 years is always a plus.

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.

We are going to look at rates for term insurance policies because term policies are much more affordable than whole life policies.

Because it's stripped - down life insurance, without additional fees or maintenance, it's much more affordable than whole life.

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.

Frankly, because the rate of return on a whole life insurance cash value is lower than simply investing the money in your retirement account.

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).

Because whole life insurance is designed to be permanent and can earn cash value, premiums will typically be higher than with term life.

Because you're essentially using your premium to both pay for your insurance and fund the investment part of the policy, and because the policy lasts well into your golden years (when you're more expensive to insure), whole life insurance is a lot more expensive thaBecause you're essentially using your premium to both pay for your insurance and fund the investment part of the policy, and because the policy lasts well into your golden years (when you're more expensive to insure), whole life insurance is a lot more expensive thabecause the policy lasts well into your golden years (when you're more expensive to insure), whole life insurance is a lot more expensive than term.

Because term life insurance is more affordable than whole life insurance, those who purchase whole life insurance generally do so with a specific purpose or goal in mind.

Internal rates of return for participating policies may be much worse than universal life and interest - sensitive whole life (whose cash values are invested in the money market and bonds) because their cash values are invested in the life insurance company and its general account, which may be in real estate and the stock market.

Whole life insurance is more expensive than other life insurance because it isn't just life insurance.

Whole life premiums are much higher than term insurance premiums, but because term insurance premiums rise with increasing age of the insured, the cumulative value of all premiums paid under whole and term policies are roughly equal if the policy continues to average life expectWhole life premiums are much higher than term insurance premiums, but because term insurance premiums rise with increasing age of the insured, the cumulative value of all premiums paid under whole and term policies are roughly equal if the policy continues to average life expectwhole and term policies are roughly equal if the policy continues to average life expectancy.

Because these plans will never expire, you're going to pay a lot more for a whole life plan than you will with a term life insurance plan.

Because whole life policies are guaranteed to remain in force as long as the required premiums are paid, the premiums are typically much higher than those of term life insurance where the premium is fixed only for a limited term.

Because whole life insurance plans are never going to expire, they are going to be more expensive than a term insurance policy.

Many people pay more than they are required for life insurance because they are under the wrong impression that whole life is the only permanent option for life insurance.

Once you get those quotes, you're probably going to get some sticker shock; because whole life insurance is a lot more money than term insurance and at that point you might just say you know what I'm going to get term life because it's a lot more affordable to me, and you're not going to have this question in your mind about term vs. whole life insurance.

It is more flexible than whole life insurance, because you can vary your monthly payment to suit your needs and situation.

«Buy term insurance and invest the difference» is a strategy that grew in popularity because it will provide the typical American stronger returns, lower fees, and better coverage than a typical whole life or universal life insurance product.

Indeterminate premium life insurance has many advantages: • Premiums are lower than other types of whole life coverage — because of this, you can buy more affordable insurance.

Because term policies are only a temporary form of coverage, they are going to be much cheaper than a whole life insurance plan.