Sentences with phrase «types of permanent insurance because»

Life insurance agents may push whole life or other types of permanent insurance because of the products» cash value feature.

Not exact matches

Investment returns on whole life insurance are typically lower than other types of permanent insurance, because the insurance company invests the cash value in extremely conservative vehicles, such as bond funds.

In this case, because we've broadened our search to include other types of permanent life insurance, we've relaxed these requirements.

Variable Life is the most expensive type of permanent, cash value life insurance you can buy because it allows you to direct a portion of your premium into stocks, bonds or other «variables» in the company's portfolio.

The cash value accumulation has a more distinct investment component than other types of permanent life insurance because it allows you to choose from a variety of investment options.

In fact, permanent insurance is often referred to as cash - value insurance because these types of policies can build cash value over time, as well as provide a death benefit to your beneficiaries.

Whole life insurance is generally regarded as the safest type of permanent life insurance because the investment element that helps grow cash value isn't subject to the fluctuations found in other types of permanent life insurance.

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

In fact, permanent insurance is often referred to as cash - value insurance because these types of policies can build cash value over time, as well as provide a death benefit to your beneficiaries.

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.

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.

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).

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.

Term Life is referred to as «benefit only» insurance because unlike the various types of permanent life such as Whole Life, it carries no «cash surrender value».

We'll look at how both types of life insurance compare, because life insurance simply boils down to Term Life Insurance and Permanent Life Iinsurance compare, because life insurance simply boils down to Term Life Insurance and Permanent Life Iinsurance simply boils down to Term Life Insurance and Permanent Life IInsurance and Permanent Life InsuranceInsurance.

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 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.

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

Also known as cash value life insurance, whole life is the most common type of permanent coverage on the market because of the guarantees it provides to policyholders.

This is because unlike other types of permanent policies, variable life insurance gives you complete control over your investments - be they stocks, bonds, or money market funds.

In this case, because we've broadened our search to include other types of permanent life insurance, we've relaxed these requirements.

Term insurance is less expensive than permanent insurance because it does not build cash value, and the mortality rate for term insurance policyholders is much lower than other types of life insurance.

Contributing to a Roth IRA / 401k and maximum funded permanent life insurance are ways to hedge against higher tax rates in the future because the distribution from these types of accounts are generally tax - free.

Investment returns on whole life insurance are typically lower than other types of permanent insurance, because the insurance company invests the cash value in extremely conservative vehicles, such as bond funds.

Because whole life insurance offers permanent coverage, or coverage during the policyholder's entire life, the premium is much higher than that of other types of life insurance, but they also never increase.

The supporters of permanent insurance suggest that this type of insurance will give you peace of mind because of the cash accumulation feature involved.

Because you own the policy after all premiums are paid, this type of insurance also is called permanent life insurance.

Variable Life is the most expensive type of permanent, cash value life insurance you can buy because it allows you to direct a portion of your premium into stocks, bonds or other «variables» in the company's portfolio.

Because there are different types of term and permanent insurance, we have subdivided the categories.

Guaranteed universal life insurance policies are a common choice for estate attorneys, bankers, and financial planners because they are less expensive than other types of «permanent» life insurance, and most companies will offer at least $ 5,000,000 of coverage.

The type of life insurance: Term insurance costs less than permanent life insurance because it only pays a death benefit and does not build up cash value.