Sentences with phrase «unlike term insurance»

But, unlike term insurance, whole and universal life insurance policies also accumulate value while you are alive.

I know it seems a simple and safe assumption that anything called universal or whole life would be a policy designed, unlike term insurance, to last forever.

However, unlike a term insurance policy, a permanent life insurance policy will have no set time limit on it.

The UL products also have the distinction, unlike term insurance, of having ongoing renewal commissions.

One reason for this is because permanent policies, unlike term insurance, never expire.

Unlike term insurance, permanent life insurance offers more than just a death benefit.

Unlike term insurance, which only provides coverage for a specified term, permanent insurance generally provides protection for the insured's entire life.

Permanent life insurance is the blanket term for all the life insurance plans that do not expire, unlike term insurance.

However unlike the term insurance whole life insurance also builds up a cash value.

Permanent life insurance also has a guaranteed cash value, unlike term insurance, which will allow you to borrow against the policy.

When you purchase a traditional whole life insurance policy, the amount of your premium does not increase over time, unlike a term insurance policy.

But unlike term insurance, it also has a cash value accumulation aspect and does not expire, much like with a whole life insurance policy.

This is because whole life insurance usually offers protection until the age of 100, unlike term insurance which usually expires by the age of 80.

Unlike term insurance, which they could potentially outlive, Universal Life insurance policies have fixed premiums to age 95, 105 or 121.

Unlike term insurance, this type of insurance remains in force as long as you're paying your monthly premiums.

Unlike term insurance or endowment plans, health insurance does not come with a fixed payment period; therefore, the burden of paying health insurance premium must be looked at as a lifetime commitment.

Unlike term insurance which is for a specific period only, universal life ensures that you have protection for your loved ones for life.

The premium may change over time (unlike term insurance).

Another thing, unlike term insurance which are available for long term 30 + yrs; what about these Family Floater & PA insurance policies how long is the policy term?

Unlike term insurance, a permanent life insurance policy will offer protection for the remainder of your lifetime — provided that you continue to pay its premium.

It will also stay with you throughout the remainder of your life — provided that the premiums are paid as, unlike term insurance, permanent life insurance provides protection for life.

Permanent life policies pay death benefits, but (unlike term insurance) cover you for your entire life.

Unlike Term insurance it will never expire (as long as you pay premiums), and it has «living benefits».

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

And unlike the term insurance, the policy is permanent.

Whole Life Insurance Whole Life Plans are designed to offer lifelong protection, unlike a term insurance policy.

The death benefit and policy premium are fixed and unlike term insurance, this coverage has a cash value which accumulates over time.

Unlike term insurance, these plans are permanent coverage, which means that they are never going to expire.

Unlike term insurance, which will expire after a specified number of years, whole life will remain in force until you pass away or reach 100, where the policy will pay out.

Unlike term insurance, there is no choice of policy length.

Unlike its term insurance counterpart that expires after a set number of years, a whole life policy will remain in - force as long as the premium continues to be made.

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.

Unlike term insurance, with permanent types of life insurance, you receive a «death benefit» no matter when you die.

Unlike term insurance, whole life policies offer protection for life.

This is permanent life insurance you can keep for your entire lifetime, provided premiums are paid when due, unlike term insurance coverage that may end at a certain age.

Unlike term insurance, permanent life insurance has a few products, some with an option to accumulate cash value and some new products that offer pure protection at more affordable rates.

Unlike term insurance and some other insurance types, shopping for the lowest disability insurance premium will often leave you underinsured.

Unlike term insurance, a permanent insurance policy will remain in force for as long as you continue to pay sufficient premiums.

Unlike term insurance, permanent insurance comes into play for your entire life span.

Unlike term insurance, a permanent life insurance policy is good for the entire life of the policyholder.

Unlike term insurance, a permanent insurance policy will remain in force for as long as you continue to pay your premiums.

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

Unlike term insurance, this policy includes a growth component, to complement the protection your policy provides.

Lifetime Protection Unlike term insurance that ends at a certain age, whole life protection is in force for your entire life.

Not exact matches

Unlike term life insurance, mortgage life insurance typically pays the death benefit directly to your mortgage lender.

Unlike decreasing term life insurance, the death benefit of ART policies does remain the same.

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

Unlike term life insurance, mortgage life insurance typically pays the death benefit directly to your mortgage lender.

Unlike term life insurance, whole life insurance, sometimes called permanent life insurance, is long lasting.

Unlike term, permanent insurance generally includes an investment component along with the insurance policy, and carries higher premiums as a result.