Sentences with phrase «while permanent insurance»

Term insurance is designed to meet temporary needs while permanent insurance provides lifelong protection.

Term life policies are less expensive than permanent policies, but there no provisions for savings, while permanent insurance has a built - in tax - deferred savings account but comes at a higher price.

Term insurance offers temporary coverage for a period of up to 30 years, while permanent insurance provides guaranteed lifetime protection as long as you pay your premiums on time.

While permanent insurance lasts your entire life, term insurance lasts for a set time period that you choose when you buy a policy — say 10, 20 or 30 years.

Its term insurance is coverage for a specific amount of time while its permanent insurance offers protection for life together with the power to build cash value.

Its term insurance is coverage for a specific amount of time while its permanent insurance offers protection for life along with the ability to build cash value.

While permanent insurance has its benefits, term insurance oftentimes is all you need.

Not exact matches

While guaranteed universal policies are still much more expensive than term policies, they're usually the cheapest way to buy permanent life insurance.

While this makes term life insurance significantly less expensive than permanent life insurance, it also means that you will not receive any benefit if you outlive the policy.

One of the key differences to understand is that while you can purchase much more term life insurance than permanent insurance for your money, if you don't die during the term, your favorite charity won't receive any death benefit.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

While term life insurance and permanent life insurance policies provide a death benefit, they differ in many other respects.

While whole life insurance is the most popular type of permanent coverage, guaranteed universal life insurance is typically the better option for seniors.

The two primary categories of life insurance policy are term and permanent, with term policies only offering coverage for a fixed period of time, while permanent policies last so long as you continue to pay the premiums.

Layoff is now back on the payroll while the PI awaits word on an upcoming renewal but as a month - to - month worker rather than a permanent employee, a change that cost her her health insurance.

While guaranteed universal policies are still much more expensive than term policies, they're usually the cheapest way to buy permanent life insurance.

While basic group term life insurance typically is terminated when you leave your employer, supplemental coverage and permanent policies may be portable.

Permanent life insurance can protect loved ones should anything happen to you, while growing cash value to tap for future expenses such as health - related costs.

The main difference between term life and permanent insurance is that term insurance only pays death benefits to your beneficiaries, while permanent life insurance pays out death benefits and accumulates cash value which will continue to build up over the life of the policy.

Permanent life insurance provides a way to secure yourself financially in the long - term while also providing insurance protection for your family.

Whole Life Insurance — Build cash value while protecting your life through permanent iInsurance — Build cash value while protecting your life through permanent insuranceinsurance.

When used correctly, permanent life insurance is a unique asset which provides substantial benefits that can be enjoyed while you're living:

While this feature isn't available through every insurer, it's typically an option with insurers that also offer permanent life insurance policies.

And while term insurance is sold for specific periods of time, typically anywhere from 5 to 30 years, a cash value insurance policy is usually considered to be a permanent life insurance policy, as these products are designed to remain in force for your entire life.

The two primary categories of life insurance policy are term and permanent, with term policies only offering coverage for a fixed period of time, while permanent policies last so long as you continue to pay the premiums.

While whole life insurance is the most popular type of permanent coverage, guaranteed universal life insurance is typically the better option for seniors.

NYLIAC universal life products are designed to give you added flexibility while preserving the benefits of a permanent life insurance policy.

While initially cheaper than permanent life insurance (see our whole life insurance rates chart), term life insurance policies have some down side.

Just like it sounds, a term insurance policy covers a defined period of time while a permanent life insurance policy is with you until death, as long as you pay the premiums.

NYL Universal Life products are designed to give you added flexibility while preserving the benefits of a permanent life insurance policy.

While employer - provided life insurance can be a great benefit, it is not a replacement for your own permanent insurance, since if you leave your job, you probably won't be able to take your policy with you.

ALL PERMANENT LIFE INSURANCE OFFERS THE FOLLOWING BENEFITS [while fulfilling SBA requirements]

The death benefit of a life insurance policy is the amount paid out upon the death of the insured, while cash value refers to the amount of funds in a permanent life insurance policy's cash account.

There are two main types of life insurance: Term life covers you for a set period of time, while permanent life insurance lasts your whole life.

Permanent life insurance is another option to consider because it, too, allows you to save and withdraw tax - free, while also providing the protection you should be building into your college savings plan (see below).

If you are looking for a life insurance policy that will just cover you for a specific amount of time, such as when your children are young or while you are paying a mortgage, you may want to consider a term life policy over a permanent life policy.

While the last couple of posts focused on what the common uses of each are, this one will apply an objective view to pit term versus permanent life insurance to see which one is most suitable for you.

While providing for this can be accomplished with permanent life insurance, proceeds from a term policy can also be used to pay for these expenses.

Whole life insurance — a type of permanent policy — may be an option for people looking for a death benefit in addition to cash value that can be accessed while they are living.

Offers a flexible, permanent life insurance solution that will protect your family and provide long - term, tax - deferred accumulation of cash that may be used while you are still alive.

While the initial premium on term life coverage is less than a comparable amount of permanent coverage, over time term life insurance premiums can become quite high.

Using whole life insurance or another type of permanent life insurance as an investment vehicle can be a great way to manage the risk of an unexpected death while also building a cash account that can be used to fund a mortgage, pay for a child's education, or even start a business.

Fortunately, some permanent life insurance policies, while offering a death benefit, also provide a cash value that can be used to cover unanticipated expenses.

The primary life insurance advantage of a conversion option is that you can get a lot of coverage for a low cost while your income is lower, and then convert that coverage to a superior permanent policy down the road once you become more financially sound.

Since term life insurance protects your family for a set period of while they're still depending on your income and not for your entire life, term life insurance rates are much cheaper and offer more affordable financial protection than permanent policies like whole life.

While many agents, brokers, and insurers argue in favor of permanent life insurance policies like whole life insurance, these products do have their critics, including popular financial personalities like Dave Ramset, Suze Orman, and Clark Howard.

While all permanent life insurance policies provide death benefits, what differentiates them is how the premiums can be paid and how you can use the cash value accumulation.

Some people swear by term insurance, while others tout permanent policies as the best choice.

Permanent life insurance can cover you for up to your lifetime, and some policies can offer advantages while you're alive.

While traveling outside your country of permanent residence, the following items should be covered by your travel insurance: bags / luggage; electronic devices, such as your laptop or cell phone; money; plane tickets; travelers cheques; credit cards; securities; passports.