Sentences with phrase «think of a permanent policy»

To use an analogy, think of a term policy as renting a home and think of a permanent policy as buying a home.

Not exact matches

«Personally, I don't think quantitative easing can be a permanent instrument of ECB monetary policy simply because financial markets are not deep enough.»

Think of a permanent / cash value policy as a bucket into which you pour liquid money.

If you've been thinking about purchasing a life insurance policy, you've probably noticed that there are two main kinds of life insurance: term and permanent.

For the duration of your policy, the premium will stay exactly the same and you'll also have opportunities to convert your term life to a more permanent solution should you think it necessary at any point.

You can think of it as a «Plan B.» If you mess up and choose a term length that ends up being too short, you may be able to convert the policy to a permanent policy, even if you're no longer the picture of good health that you were ten years ago.

You may want to think about converting your full death benefit or even a portion of it to a permanent policy.

However, if you were thinking of upgrading to a whole or permanent life insurance, then you will have to get a new policy.

If you're thinking about accessing some of the cash in your permanent * life insurance policy, there are a few things you should know.

If you've been thinking about purchasing a life insurance policy, you've probably noticed that there are two main kinds of life insurance: term and permanent.

Regardless of whether you're thinking of buying a permanent or term life insurance policy, you will have to decide whether you're going to take the medical examination or pay the extra to skip it all together.

It's a good idea to think of permanent life insurance as a tax - free savings policy for your survivors.

And although your agent or broker is awesome, the fact remains that the commission for selling a permanent policy is much higher (think 10 times higher) than it is for a term policy, which invariably leads to a conflict of interest.

The 20 year term life policy was designed to fulfill temporary needs for life insurance coverage but many people now think of this policy as a permanent solution.

Think of your private plan as your permanent life insurance policy and your employer plan as a supplement.