Sentences with phrase «unlike level term life»

However, during this time frame, your premiums will be assessed each year and will increase as you get older, unlike level term life insurance.

Not exact matches

Unlike whole life insurance, the value of a level term life insurance policy remains the same throughout the entire time it is active.

That means that generally premiums are level for life, unlike term insurance premiums that increase over time.

Unlike term life insurance policies, which do not build a cash value and always have a level death benefit, permanent life insurance policies allow the owner to select a level or increasing death benefit (sometimes called option 1 or option 2).

Unlike whole life insurance, which is considered a type of permanent life insurance, level term policies will eventually come to an end at a specific amount of time based on the policy you purchase.

Whole life insurance is so much more expensive because it lasts your whole life; you're guaranteed to die while it's in effect as long as you've been paying your premiums, so unlike term insurance your risk level is not a matter of if you die but when.

This policy is similar to a level term life policy in that the payments do not increase, however, unlike term the policy doesn't expire.

Unlike level - term life insurance, monthly premiums can and often do change dramatically.

Unlike most whole life policies, premiums for level term insurance eventually increase.

The premiums and the death benefit are what's «level» — they stay the same over the life of the policy, unlike other term insurance with premiums that increase over time, Feldman says.

That means that generally premiums are level for life, unlike term insurance premiums that increase over time.

Unlike whole life insurance, the value of a level term life insurance policy remains the same throughout the entire time it is active.

Also, Protective Life has a revolutionary product that acts just like a term policy during the level term period, but unlike a traditional term policy, Protective Life's policy rate does not increase when the term ends, just the face amount decreases.

Also, with level term life insurance, unlike traditional mortgage life insurance, you control and list the beneficiary.

Unlike regular term life insurance policies, Return of Premium term life insurance rewards you for living by offering a guaranteed return of most of the premiums paid on the policy during the level term of the policy.

With a level death benefit policy, coverage will remain the same amount throughout the life of the policy — and, unlike a term life policy, coverage will never expire as long as the premiums are paid.

Unlike regular term policies, return of premium term life insurance rewards you for keeping the policy by giving a guaranteed return of your total cumulative premium paid on the policy during the level term period, not including substandard (extra charges for health) and rider charges (extra benefits such as disability coverage), if any, which will be paid to the policy owner at the end of the level term period if the policy is then in force.