Sentences with phrase «value over the course of the policy»

These policies not only provide a death benefit, but they also accumulate cash value over the course of the policy, which you can borrow against as you age.

Not exact matches

Of course, the policy's cash value changes over time and is lower than the total sum of the death benefit it provideOf course, the policy's cash value changes over time and is lower than the total sum of the death benefit it provideof the death benefit it provides.

Many banks will also require a borrower to insure an asset being purchased over the course of a loan (with an insurance policy acquired for that purpose), to protect the value of the asset being purchased with the loan proceeds.

Permanent life insurance policies last your entire life and include a savings component called cash value that builds over the course of your life.

This is an alternative to other types of life insurance where both premium prices and death benefit values can both change significantly over the course of the policy period.

As with most whole life policies, the cash value can grow substantially over the course of years and decades.

A decreasing value term life insurance life policy such as mortgage insurance has the drawback of having equal premiums throughout the course of the policy while the face value of the policy decreases over the same period.