Sentences with phrase «type of whole life policy»

Depending on the type of Whole Life policy taken out it may contain an investment element that builds a cash value within the policy that can be accessed when required.

A final expense life insurance policy is a type of whole life policy that is designed to pay for final expenses.

Another common type of whole life policy is referred to as a cash value policy.

Rates of return will depend on the type of whole life policy issued.

A type of whole life policy in which the death benefit and the cash value relate to the investment performance of a separate account fund that the policyholder selects.

Graded Premium Policy: A type of whole life policy designed for people who want more life coverage than they can currently afford.

Burial insurance is a type of whole life policy with a relatively small payout — generally just enough to cover a service and burial or cremation.

When purchasing this type of whole life policy, the premiums are lower compared to most other whole life policies.

It is a fixed premium type of whole life policy that offers guaranteed death benefits to policy holders even until they reach the age of 100.

In addition to this, ask your life insurance agent to explain to you how the policy differs from any other type of whole life policy.

Also called «second - to - die» life insurance, this type of whole life policy insures two lives (typically spouses) and pays out upon the death of the second individual.

Depending on the type of whole life policy you choose, you may not know exactly how your insurer is investing the money for you.

There are two types of whole life policies: participating and non-participating.

The most common types of whole life policies are traditional whole life, universal whole life, and variable whole life.

Some types of whole life policies allow you to pay premiums for shorter periods of time, such as 20 years, or until age 65.

Other types of whole life policies may be a better option for some.

If so, investigate the different types of whole life policy.

(For related reading, see: Types of Whole Life Policies.)

As you define whole life insurance, it's important to note the different types of whole life policies available.

Some types of whole life policies also pay dividends.

There are many types of whole life policies, but the oldest and still the most common type of whole life policy is ordinary level premium whole life insurance, or simply ordinary life.

It provides lifetime coverage at the lowest level annual cost relative to other types of whole life policies.

Not exact matches

Types of cash - value policies include whole life, universal life and variable life.

Under the broad umbrella of whole life insurance, there are several types available like the «variable» and «universal» insurance policies depending how your policy funds are invested.

Many term policies are also convertible, which means they may be exchanged for another type of policy, such as whole life.

Whole Life Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawLife Insurance Definition: also known as ordinary life insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawlife insurance, it is a type of permanent life insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawlife insurance policy that offers a guaranteed death benefit, guaranteed fixed premium, guaranteed cash value and guaranteed access to the policy's cash value through loans and withdrawals.

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

Certain types of life insurance policies, including variable life, cash value life insurance and whole life insurance, combine life insurance with a tax - deferred investment account, and provide tax - free access to the cash value of the policy.

Whole life insurance is a type of permanent life insurance policy that accumulates cash value over time.

Below, we explore whole life insurance further and take a look at the types of expenses these policies are often used to cover.

Whole life insurance is a type of permanent life insurance policy that provides coverage for your entire lifetime, as long as you pay your premiums.

At I&E, we craft reviews highlighting our favorite types of cash value policies, including dividend paying whole life insurance and indexed universal life insurance.

There are two types of limited pay whole life policies to be aware of, participating and non-participating.

While there are several types of life insurance, the most commonly purchased types of policy are whole and term life insurance.

Single - premium whole life (SPWL) is a type of life insurance in which a single sum of money is paid into the policy in return for a death benefit that is guaranteed to remain paid - up for the remainder of your life.

If you are considering permanent life insurance — such as whole life, universal life, or variable life insurance — you probably know that these types of policies provide both death benefits and cash value accumulation.

There are several different types of whole life insurance policies.

The company offers three types of whole life insurance policies, the only difference being the period of time during which you pay for coverage:

The two types of life insurance policies you are most likely to hear about are term and whole life.

When it comes to permanent life insurance, there are three types of insurance policies — whole, universal and variable.

Much like Universal Life, Variable Life insurance is a type of Permanent Life insurance that affords the purchaser more flexibility than a traditional Whole Life insurance policy.

Some types of permanent life insurance policies, such as whole life insurance, can offer many benefits that are distinct from term life plans.

As perhaps one of the most popular types of permanent life insurance, whole life, also known as ordinary life insurance, is a policy that provides lifelong coverage and will only come to an end after the death of the insured.

Somewhere between term life and whole life is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife and whole life is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife is Universal Life Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you choLife Insurance, which provides similar benefits of both term policies and whole life policies, depending on the type of universal life policy you cholife policies, depending on the type of universal life policy you cholife policy you choose.

At I&E, we create these life insurance reviews highlighting our favorite types of cash value policies, including dividend paying whole life insurance and indexed universal life insurance.

There are different types of life insurance policies available, ranging from term life insurance, which is pure death insurance, to traditional dividend paying whole life insurance, which provides cash value growth in the policy.

In reality, most people who are seriously considering a guaranteed universal life policy for securing a permanent death benefit should probably forget about the other types of universal life insurance and focus on a comparison with traditional whole life insurance.

If you are considering getting life insurance, make sure that you are looking at term life insurance, and not whole or any other type of policy.

This type of life insurance policy is typically whole life insurance.

Whole Life Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death beneLife Insurance: A type of permanent life insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benelife insurance which provides a level death benefit upon the insured's death, or a cash endowment upon policy maturity that is equal to the death benefit.