Sentences with phrase «traditional guaranteed level premium»

With traditional guaranteed level premium term products, maintaining a healthy lifestyle won't matter once you've locked in your rate.

Not exact matches

As with a traditional term life insurance policy, the premiums you pay are guaranteed to stay level for the entire term of your policy.

And unlike a traditional LTC policy, it can be designed to have guaranteed level premium.

And unlike a traditional LTC policy, it can be designed to have guaranteed level premium.

However, many traditional whole life policies charge level premiums, which are guaranteed never to change.

Return of Premium (ROP) term life insurance combines the advantages of traditional term life insurance such as affordable, guaranteed level premium periods with a return of premium feature.

The premiums are guaranteed to stay level for as long as you maintain your payments, but the cost per thousand will be much higher than a traditional term policy in the first decade or more.

Unlike traditional term insurance, ROP policies build cash value and are a great alternative if you don't mind paying a little higher premium for the guarantee of all your premiums back if you outlive the level coverage period.

It didn't take the life insurance industry long to figure out that the traditional «mortgage life insurance» policy seen above, with increasing premiums, and decreasing benefits, could easily be beaten by a straight guaranteed level term policy.

If he simply wanted to purchase John Hancock's traditional level premium term product without adding the Vitality feature, he would pay guaranteed level premiums of $ 1,123 per year for 20 years.

Level term offers traditional coverage with guaranteed level, fixed premiums for a given number of yLevel term offers traditional coverage with guaranteed level, fixed premiums for a given number of ylevel, fixed premiums for a given number of years.

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ROP term life insurance combines the advantages (affordability and guaranteed level - premium periods) of traditional term life insurance with the return of premium component.

Structurally the same as term insurance, rather than using internal cash like traditional universal life or whole life, the UL no lapse uses an external guarantee to keep a level premium.

Time and again I've been able to show how, using traditional permanent products, a person can have a $ 50,000 level premium fully guaranteed product for less than most companies charge for a $ 15,000 final expense policy.