Sentences with phrase «type of term insurance because»

Level term life insurance policies are the most popular type of term insurance because they have the lowest prices and offer guaranteed level coverage and rates for the term of your life insurance.
Level term life insurance is the most popular type of term insurance because it provides guaranteed level rates and coverage for the entire term of your life insurance plan at affordable rates.

Not exact matches

Because there are substantial benefits to each type of mortgage insurance, home buyers should consider the different options and how they relate to their current situation and long - term goals.
Term insurance is typically the most affordable type of life insurance because it covers a specific period of time instead of providing «whole life» insurance.
Term life insurance is much more reasonable cost-wise than most types of life insurance because it's temporary.
Because certain types of life insurance, such as term insurance, are very affordable, we always think you should apply the «better safe than sorry» adage.
Many people are choosing this type of life insurance with long - term care rider because it provides coverage for LTC and a lump sum death benefit.
It's because there are several different types of annuities, all with varying terms and rider options, and many financial advisors (or insurance agents) either explain them poorly or purposefully blur the definitions in order to push one product over another.
Term life insurance is a popular type of life insurance because it usually has the most affordable rates initially and it's simple to understand.
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.
Term life insurance is the most popular to buy because it's so basic and easily the most affordable type of life insurance which is available.
It is the most affordable type of life insurance because of the low cost premiums during the initial term.
Level term life insurance is one of the most popular types of life insurance because it is inexpensive and allows you to purchase more coverage for less money.
Because this type of insurance runs out at the end of the term, use it to protect needs that you can anticipate — like paying off a mortgage or funding college for your children.
This is because there are two basic types of life insurance, whole, and term.
Mary is immediately put off by the meeting partly because the agent fails to review their needs and because she has done her research and knows that term life is the far more inexpensive type of insurance for them to purchase.
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.
Level Term Insurance: Probably the most popular type of policy because the rates do not increase but stay level.
Because term life insurance provides coverage for a set period of time, it is easy to understand and is often the most affordable option, making it one of the most popular types of life insurance.
We chose term life insurance because it offered the amount and type of protection we wanted at a price we could afford.
«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.
So, in general, Increasing Term Insurance is not the best type of insurance for you if you are interested in long - term protection because increasing premiums reduce the value of the coverTerm Insurance is not the best type of insurance for you if you are interested in long - term protection because increasing premiums reduce the value of the Insurance is not the best type of insurance for you if you are interested in long - term protection because increasing premiums reduce the value of the insurance for you if you are interested in long - term protection because increasing premiums reduce the value of the coverterm protection because increasing premiums reduce the value of the coverage.
Life insurance costs can be a challenge to calculate because there are several types of life insurance, including whole life, universal life and term life insurance.
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.
For young adults starting out in life or thinking about having a family, term life insurance is typically an ideal option because it can be more affordable than other types of life insurance.
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 tTerm 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 tterm» or period of time.
Whole life insurance is just one type of permanent life insurance — it gets its name because it's permanently in place for as long as you pay your premiums, and won't expire like term life insurance.
Term life insurance is the most popular type of coverage because it's more affordable and less complex.
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).
Term life insurance is the most popular type of life insurance because of it's many effective uses and it hosts some of the best life insurance rates possible.
Because term life insurance provides just pure death benefit protection, the premiums for this type of coverage can be quite low — particularly if the insured is young and in good health at the time of application.
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.
Term insurance is typically the most affordable type of life insurance because it covers a specific period of time instead of providing «whole life» insurance.
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.
Because of its low cost, relative to other types of life insurance, term life continues to be the most popular life insurance choice.
Term life insurance is the most popular type of life insurance because it offers the most coverage at the lowest price.
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 eTerm — 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 eterm life insurance allows you to receive coverage without a medical exam.
Term life insurance is the most basic type of policy available because it pays out death benefits only.
Because this only provides coverage in terms, it is usually the most inexpensive type of life insurance.
Term life insurance is much more reasonable cost-wise than most types of life insurance because it's temporary.
Term life insurance is more expensive because it covers every type of death instead of just cancer.
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.
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.
It is considered to be the most basic type of life insurance protection, and because of that, many people are able to secure a high amount of term life insurance coverage at a low cost.
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