Sentences with phrase «types of permanent life insurance where»

It is also superior to other types of permanent life insurance where the death benefit remains the same and never has a chance to grow with you.

It is also superior to other types of permanent life insurance where the death benefit remains the same and never has a chance to grow with you.

A type of Permanent Life insurance where the face amount of coverage and the premiums are fixed and do not change over the life of the policy.

Whole life insurance defined: A whole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficiary.

A type of Permanent Life insurance where the face amount of coverage and the premiums are fixed and do not change over the life of the policy.

Variable universal life insurance is a type of permanent life insurance where the cash value is invested in a number of sub-accounts that are similar to mutual funds.

Whole life insurance defined: A whole life policy is a type of permanent life insurance where a contract is entered into between the policy owner and insurer, for a policy, which covers the life of the insured, for a specified insurance coverage amount, for the benefit of a beneficiary.

Not exact matches

In addition to the life insurance coverage that is provided with a permanent plan, this type of policy will also include a cash value component where cash can accumulate on a tax deferred basis over time.

This is where a permanent type of life insurance company comes into play.

This convertible term insurance can be made of use when the person insured is still at a young age where the insurance could still cater for small expense and premature death but as time comes everyone gets older, this convertible term insurance might not be enough to cater the long term needs of the insured so it is of best interest that the policy holder should convert their policy to a more permanent type of insurance such as Universal Life.

Even though term life insurance is the only type most of us need, there are some cases where permanent can make sense.

For example, you can borrow against the accrued cash value on most permanent life insurance policies, and some types of policy will even allow you to participate in deciding where and how your premiums will be invested, which can yield a higher cash value.

But there are other types of permanent life insurance policies where the premiums do change.