Sentences with phrase «type of permanent policy without»

Not exact matches

All types of permanent cash value policies typically have a specified cash surrender period that must lapse before you can completely withdraw the cash value in the policy without paying penalties to the life insurance company.

A type of term insurance that allows you to exchange the term insurance policy for a permanent life insurance policy (whole or universal) without having to take a new medical exam.

Depending on your type of policy, you may be able to convert all or a portion of your policy into a permanent policy without having to prove your insurability (commonly referred to as a guaranteed convertibility provision).

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).

Unlike other permanent types of life insurance, universal life insurance let's you adjust the benefit amount up or down without having to get a new policy.

This means that the policy's owner has the right to change it into a permanent type of life insurance without additional evidence of insurability.

Certain types of term life insurance policies have renewability or convertibility features that allow you to either renew your policy for a specified term without having to undergo another medical exam or convert your term policy to a permanent or cash - value policy.

A type of term insurance that allows you to exchange the term insurance policy for a permanent life insurance policy (whole or universal) without having to take a new medical exam.

We know which providers are more apt to underwrite applicants with certain types of high risk health conditions — and, we can also offer you permanent life insurance policies without having to take a medical exam at all.

If you do not pay the premium for your term insurance policy, it will generally lapse without cash value, as compared to a permanent type of policy that has a cash value component.

All types of permanent cash value policies typically have a specified cash surrender period that must lapse before you can completely withdraw the cash value in the policy without paying penalties to the life insurance company.

Depending on what type of permanent life insurance you get, the policy offers you a variety of financial tools that can help you in the future without eliminating the benefits you want to leave for your loved ones later.