Sentences with phrase «type of permanent policy»

This can provide you with the ability to earn a higher return than that of other types of permanent policies such as whole life, or even regular universal life insurance.

If you have a reasonably stable income and can afford to pay a higher premium, look at the different types of permanent policy and decide which one will suit your needs the best.

Permanent life insurance, also called whole or ordinary life, is the most common type of permanent policy.

There are many types of permanent policies: whole life insurance, universal life insurance, variable life insurance, and variable universal life insurance.

This really depends on what type of permanent policy your insurance company allows you convert to, as explained above.

There are several types of permanent policies that provide different benefits, like offering a fixed rate of growth or increasing their cash value based on the annual returns of the stock market.

Types of permanent policies include whole life and various forms of universal life, including variable life and indexed universal life.

Whole life insurance and other types of permanent policies cover you for your entire life.

Some policies offer just one type of permanent policy at conversion, while others offer several.

It's important to understand what type of permanent policy choices are available before you convert.

This is probably the most expensive type of permanent policy.

Whole life insurance is the most established type of permanent policy on the market, and its stability and «ease of use» keep it a popular option.

Just as with other types of permanent policies, the cash that is in the policy is allowed to grow on a tax - deferred basis.

For permanent insurance: There are different types of permanent policies, but most variations involve what is known as cash value.

Permanent life insurance, also called whole or ordinary life, is the most common type of permanent policy.

But what type of permanent policy — whole or universal — should you choose?

As a «Buy Term Invest The Difference» type of company, Primerica only sells term life insurance and actively campaigns against other types of permanent policies like universal life and whole life.

Universal life is a special type of permanent policy that has been marketed as having long - term guaranteed protection at the lowest possible rate — it is very different from term insurance.

Universal life is another, more flexible type of permanent policy, allowing the policyholder to increase or decrease the death benefit at any time, and decide how much or little to pay in premiums, within limits set by the company.

All of the many types of permanent policies run no risk of expiring or being non-renewable, so long as monthly premiums are paid on time.

The Index Universal Life policy differs from other types of permanent policies in that its cash value growth is based around the equity index performance.

Besides the conversion period and the conversion credits requirement that may differ between policies, another important caveat is you usually can only convert your term policy to certain types of permanent policies offered by the same insurance company.

Conversion is the right to change from term life insurance to whole or other type of permanent policy without having to go through underwriting again.

Note: There are different types of permanent policies (whole life, universal life, variable universal life, etc.) and they each have their plusses and minuses.

Whole life and Universal life are two common types of permanent policies.

Also as with other types of permanent policies, the cash value that is within these types of policies is allowed to grow on a tax - deferred basis.

Depending on the type of permanent policy, you could see your death benefit shrink and / or premiums rise over time, or the cash value portion could decrease.

Overall, the costs of Variable Life policies can be higher than other types of permanent policies.

Whole life insurance — a type of permanent policy — may be an option for people looking for a death benefit in addition to cash value that can be accessed while they are living.

It, too, can be offered as either a term life policy or type of permanent policy.

This is another type of permanent policy that builds up cash value.

Whole life insurance is a type of permanent policy, so a lot of the same pros and cons we discussed above can apply to the other types.

With all types of permanent policies, the cash value of a policy is different from the policy's face amount.

Finally, the policy must be a whole life, universal life, or a term life policy that is convertible into one of those types of permanent policies.

The biggest advantage of a guaranteed universal life policy is that is much simpler in its product design and easier to understand than many other types of permanent policies.

Although a GUL policy is more expensive than a Term policy, it is cheaper than other types of Permanent policies.

Some types of permanent policies accumulate cash value.

If you need protection for a longer period of time, you'll also want to call us about the cost of whole life insurance, or another type of permanent policy, such as universal life insurance.

With all types of permanent policies, the cash value of a policy is different from the policy's face amount.

They also (initially) provide more insurance protection per dollar spent than any type of permanent policy.

Before we talk about the types of permanent policies on the market, there are a few key differences between permanent and term policies which really change the character and ultimate purpose of the coverage:

Depending on the type of permanent policy, you could see your death benefit shrink and / or premiums rise over time, or the cash value portion could decrease.

It, too, can be offered as either a term life policy or type of permanent policy.

Whole life insurance is a type of permanent policy, so a lot of the same pros and cons we discussed above can apply to the other types.

[1] The amount of cash value available will generally depend on the type of permanent policy purchased, the amount of coverage purchased, the length of time the policy has been in force, premiums paid to the policy, and any outstanding policy loans.

It offers an array of financial products and services, including universal life insurance products, a type of permanent policy.

But in order to save you time we would be remiss not to stress the importance of funding an irrevocable life insurance trust with some type of permanent policy.

The premiums will be calculated based on the age of the insured at the time of conversion and the type of permanent policy being issued.

The types of permanent policies available are whole life insurance, variable life and universal life.

One type of permanent policy is universal life.