Sentences with phrase «type of life insurance policy because»

Unfortunately, Life Insurance Company of Alabama doesn't actually release a large amount of information regarding their different types of life insurance policies because they want you to get in contact and speak with them personally.

Not exact matches

These policies are generally less expensive than other types of life insurance because they are limited in what they cover.

Because there is no medical exam, the premium that is charged on these types of life insurance policies is typically higher than those that are medically underwritten.

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.

If you are going to require payment plans, we don't recommend this type of product at all because a life insurance policy would be better.

Guaranteed issue life insurance is a type of policy designed specifically for those who, because of their health, may have difficulty gaining approval for a more basic type of life insurance policy.

If you have any other kind of insurance policy through Farmers, they may be trying to sell you a life insurance policy — but just because they are right for another type of insurance doesn't mean they are always going to be your best choice.

We get a lot of questions about applying for life insurance with no exam, basically because the concept is so new, many people are surprised to find out that this type of policy is actually available.

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 they only offer a single policy, then one potential drawback is that the company does not offer any other type of life insurance.

The ease of approval and lack of underwriting makes guaranteed issue life insurance ideal for seniors who may be charged higher rates for other types of policies because of their age or health.

Because of their permanent protection, these policies tend to have a much higher initial premium than other types of life insurance.

That's because with this type of coverage, part of your monthly premium goes into an account that builds up cash value this does not happen with a term life insurance policy.

«Cheap» term life insurance is often purchased because it is the least expensive of all types of policies.

This type of policy is also referred to as term for life, because it is a permanent life insurance policy that will maintain level premiums for the rest of your life.

It's important to understand these components when considering term life insurance because there is no cash accumulation component inherent to this type of policy.

Variable Life Insurance is fraught with more risks for the policyholder than any other types of insurance with a buildup of cash value feature because both the cash value and the amount of the death benefit may fluctuate up or down depending on the performance of the investment funds selected by the policyholder to underlie thInsurance is fraught with more risks for the policyholder than any other types of insurance with a buildup of cash value feature because both the cash value and the amount of the death benefit may fluctuate up or down depending on the performance of the investment funds selected by the policyholder to underlie thinsurance with a buildup of cash value feature because both the cash value and the amount of the death benefit may fluctuate up or down depending on the performance of the investment funds selected by the policyholder to underlie the policy.

Term life insurance is often thought of as pure life insurance coverage because this type of policy provides life insurance coverage for a specific period of time.

Because of these main benefits, premiums for this type of life insurance policy are typically higher than with term life.

Term life insurance is often considered a type of temporary policy because it is designed to cover you only for a specific «term» or period of time.

And because you have many different options such as the type of policy, how much to buy, and which life insurance company to go with, it can be easy to put off making a decision - especially if you're overwhelmed with your choices or don't fully understand them.

Because there are so many different types of life insurance policies and contracts available, there is a policy to work for just about every person, no matter the person's health status, financial status.

With term life insurance, there is death benefit coverage only, without any type of cash value or savings build up — and because of that, term life insurance can often be much more affordable than a comparable permanent life insurance policy option (with all other factors being equal).

These policies will always be more expensive on a month to month basis than any other type of term life insurance policy simply because your premiums get returned in the end.

This type of life insurance offers a death benefit, with no cash value or investment build up — and because of its basic nature, term life insurance policies are usually very affordable.

It is important to know, though, that because not all no exam life insurance policies are the same, it is recommended that you ensure that you are going with the proper type and amount of coverage.

Because there are no medical underwriting factors to deal with on these types of policies, no medical exam life insurance policies can usually be approved relatively quickly — often within 48 hours or less.

Others simply wish to buy one because of their desire to have financial options for their children in the future but for those whose reason is for them to accumulate more in the future then choosing an interest - sensitive life insurance would be the perfect type of life insurance policy for them.

If after reading this article you decide you no longer want to buy a 5 - year term life policy because you realized it costs the same as a 10 - year term life policy or simply realized you don't want a term life policy, instead you want a permanent type of life insurance then we recommend the same thing for everyone, shop around for quotes.

Because of this more «basic» type of coverage, term life insurance is usually much more affordable than a comparable permanent life insurance policy — with all other factors being equal.

Simplified Issue Term — This type of policy is best suited for those who suffer from any medical issues or have a troubled medical history because this type of term life insurance allows you to receive coverage without a medical exam.

Because some of the investment options that are included in variable policies are securities, these types of life insurance policies are regulated by the federal securities laws.

That's because the quotes you'll get will be different, based on your personal needs and profile, other insurance policies you might bundle with the renters policy, your geographic location, and the type of property you live in.

Term life insurance is the most basic type of policy available because it pays out death benefits only.

Life insurance is actually the only type of gift that is subject to a three - year look - back in an extension of that rule, which helps the IRS determine whether or not the ownership of a policy was changed solely because the person being insured believed they were going to die soon.

An irrevocable life insurance trust is sometimes referred to as just a life insurance trust, although this term is a bit misguided because numerous types of trusts can be used with life insurance policies.

There are also different types of policies offered because the parameters covered between the different life insurance companies are different for each.

When compared to other types of life insurance policies, such as level term insurance, ART is a far less common choice because most people don't like the rising premiums each and every year.

Because of the cost associated with whole life insurance coverage and its lifetime guarantees, this type of policy is best - suited for individuals with long - term protection needs, such as retirement income for a spouse.

Because of that, these types of policies are usually quite affordable — and they can allow those who need life insurance to protect those they care about, even if they don't have a large budget.

There are a couple of pros of buying a guaranteed issue life insurance policy because let's face it, this type of life insurance is a life saver!

For the most part, this type of life insurance policy will cost you much more upfront because of its return of premium guarantee.

That it's not all bad news when it comes to the graded death benefit policies because in most cases, if an insured dies from «natural» causes during the graded death benefit period, most guaranteed life insurance policies (or at least the ones we offer here at TermLife2Go) will have some «reimbursement program» whereby the insured's beneficiary will receive back some if not all of the premium payments that the insured paid plus some type of additional interest earns as well.

Another advantage that can often get overlooked when looking at many guaranteed issue life insurance policies is that because these types of graded death benefit policies aren't going to ask about tobacco use, if one does use tobacco, a guaranteed life insurance policy may be a less expensive alternative to an insurance policy that would penalize them for their tobacco use.

Because of both the death benefit and the cash value component that are offered with permanent forms of no exam life insurance, the premium for these types of policies is usually higher than it is for a comparable amount of no medical exam term life insurance protection.

This is because, just like with most any other product or service that you may buy, the price that is charged for life insurance coverage can often differ — sometimes quite substantially — from one insurance carrier to another, even for the same type and amount of policy.

This product is known as permanent term because it is permanent life insurance that does expire, but usually between age 90 to 121 depending on type of policy.

A guaranteed issue policy is perfect for those who suffer from heart disease, diabetes, any type of cancer, or simply bad health because if you try to apply to a traditional life insurance policy you will find yourself getting denied with any of these conditions.

Because Haven Life offers InstantTerm — a type of policy that doesn't require a medical exam — those with excellent health could apply for life insurance coverage and have a policy in place within hoLife offers InstantTerm — a type of policy that doesn't require a medical exam — those with excellent health could apply for life insurance coverage and have a policy in place within holife insurance coverage and have a policy in place within hours.

Because of that, this type of coverage can typically be quite affordable — especially as it relates to a comparable permanent life insurance policy.