Sentences with phrase «what type of permanent policy»

This really depends on what type of permanent policy your insurance company allows you convert to, as explained above.

It's important to understand what type of permanent policy choices are available before you convert.

But what type of permanent policy — whole or universal — should you choose?

Not exact matches

Start the process by getting a term life insurance quote or you can contact us and we can talk through what type of life insurance is best for your needs, whether that's a term policy, a permanent policy, or owning multiple policies.

When looking into what type of life insurance to buy, you should consider a permanent policy.

A Trusted Choice independent agent can look at your investment portfolio and determine what type of permanent life insurance policy will help you meet your goals.

If you've already checked out our page about term insurance and you're curious about your other options, read on to find out what you need to know about the types and benefits of a permanent insurance policy.

For permanent insurance: There are different types of permanent policies, but most variations involve what is known as cash value.

Yet, this type of insurance policy offers much more flexibility than what can be found with more basic forms of permanent coverage such as whole life.

It doesn't matter what type of insurance policy you have whether it be term insurance or a permanent policy.

This type of coverage is exactly what it sounds like — permanent; the policy is in effect until you pass away.

What are your conversion options if you want to convert your policy (s) to some type of permanent insurance like whole life or universal life?

There are two main types of permanent life insurance policies and many hybrids exist for each so it is important to find out what your prospective insurance companies offer with their life insurance plans.

What differentiates an Indexed UL policy from other types of permanent life insurance used for cash accumulation is that the growth of the policy's cash value is based on the performance of an equity index (usually the S&P 500), excluding dividends, collared by a cap and a floor — rather than based on a flat crediting rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «current assumption universal life»), based on a flat dividend rate that is established by the insurance carrier and adjusted from time to time (a product referred to as «whole life»), or based on the actual investment returns of specific equity investments (a product referred to as «variable universal life»).

Depending on what type of permanent life insurance you get, the policy offers you a variety of financial tools that can help you in the future without eliminating the benefits you want to leave for your loved ones later.