Sentences with phrase «year term life insurance policy because»

Many people in their early fifties may only need a 10 or 15 year term life insurance policy because they are nearing retirement and no longer need the coverage.

Our recommendation is to always go for a 10 - year term life insurance policy versus the 5 - year term life insurance policy because for one, they are the same price and for two, you can cancel the policy at any time so what's the point of having 5 - year term life insurance?

Not exact matches

However, these policies are not always cheaper than say, a 10 - year term policy, because the life insurance company has to recover all of it's costs right up front.

«He should do it as a Term - 20 policy because if all his life insurance policies are Term - 10, and his health changes in 10 years, he won't be able to get cheap coverage.»

If you are looking for cheap life insurance, affordable Term life insurance will always have the lowest premium but they should be considered a temporary policy because Term insurance is purchased by term lengths of 5 to 30 yeTerm life insurance will always have the lowest premium but they should be considered a temporary policy because Term insurance is purchased by term lengths of 5 to 30 yeTerm insurance is purchased by term lengths of 5 to 30 yeterm lengths of 5 to 30 years.

However, these policies are not always cheaper than say, a 10 - year term policy, because the life insurance company has to recover all of it's costs right up front.

Term life insurance policies are generally the most affordable [1] because they only provide coverage for a specific period of time (usually one to 30 years).

For example, if you needed $ 2,000,000 of term insurance now, because your kids were still young, but in 10 years you only are going to need $ 1,000,000 of protection, you can buy 2 policies that effectively meet your needs without carrying excess coverage and subsequently overpaying for life insurance.

Because you're essentially using your premium to both pay for your insurance and fund the investment part of the policy, and because the policy lasts well into your golden years (when you're more expensive to insure), whole life insurance is a lot more expensive thaBecause you're essentially using your premium to both pay for your insurance and fund the investment part of the policy, and because the policy lasts well into your golden years (when you're more expensive to insure), whole life insurance is a lot more expensive thabecause the policy lasts well into your golden years (when you're more expensive to insure), whole life insurance is a lot more expensive than term.

I've kept my life insurance policy term short (10 years) because inflation eats into the payout.

This is because these policies do not expire like term life insurance does after a certain number of years.

There is no point, don't let the big box life insurance companies trick you into thinking a 5 - year term policy is better than a 10 - year term life policy because it isn't.

A 10 - year term policy is one of the cheapest life insurance policies you can buy, which makes sense because the coverage it provides lasts the fewest amount of years.

Ten year level term is the most popular form of term life insurance policy because it is very inexpensive even at large face amounts and is relatively easy to obtain.

The statistics will indicate that Ray will probably still be alive at age 70 but again will have no life insurance at all in force because his Prudential policy had a 10 - year term period and has now expired.

If after reading this article you decide you no longer want to buy a 5 - year term life policy because you realized it costs the same as a 10 - year term life policy or simply realized you don't want a term life policy, instead you want a permanent type of life insurance then we recommend the same thing for everyone, shop around for quotes.

Before I forget to mention, life insurance companies especially like Term life insurance because in many cases they collect premiums for years and the insured outlives the policy.

Because most applicants who are 37 - years - of - age are healthy, their health status typically allows them to easily opt for an affordable 20 to 30 - year term life policy that is seen as a low - risk by the insurance companies.

Easier to Obtain: Compared to qualifying for a standard term life insurance policy, a graded benefit is easier to get because it withholds full advantage for the first two years.

You control the value because it's locked in through a legal agreement between you and the life insurance company for the life (the term) of the policy for 10, 15, 20, 25, or 30 years.

When compared to other types of life insurance policies, such as level term insurance, ART is a far less common choice because most people don't like the rising premiums each and every year.

If your looking for just a cheap life insurance policy and because that is all you can afford currently, you should be looking into a 10 - year term or a 20 - year term to find something that will fit your budget.

Take permanent versus term life insurance policies, for instance: many people have turned to buying term life in recent years because it's less expensive than permanent, which requires a person to pay for premiums for the duration of their life.

When your term policy expires you can choose to cancel the policy if you no longer need life insurance but keep in mind that if you choose to do this you will have to reapply whenever you do need life insurance again and you will not be given the same rate and quote as you receive this time because life insurance companies use your health, AGE, and lifestyle into consideration and those can change in a couple of years.

Buying life insurance at age 30 + is really affordable because most individuals will be looking at purchasing a term life insurance policy that will provide coverage for the next 10, 15, 20, 25 or 30 years.

Just because you have high blood pressure, high cholesterol, diabetes, or any other high - risk condition, does not mean that you'll get denied when applying for a 30 - year term life insurance policy.

Because whole life premiums in the early years are higher than the actual cost of insurance, the build - up of the cash value in the policy reduces the risk to the insurance company, allowing for lower premiums in later years than would be paid in a term life policy.

The 20 year term life insurance policy is very popular because of it's low premium and because people find it fairly easy to plan for 20 years.

The insurance policy will function just like a term life insurance policy because it will last a specific number of years and the whole premium payment will cover the death benefit amount.

Because of it's low premium costs the 5 year term life insurance policy is one of the easiest policies to understand.

This wife was able to do the things she needed and wanted to do because her husband cared enough to buy this 30 year term life insurance policy.

Because of the great competition between the life insurance companies and the resulting decreases in premiums the 30 year term life insurance policy can be categorized as affordable.

The shorter term policies like the 5 year or 10 year term policies are used for shorter term needs or are bought because of the low premium with the intent of converting to permanent life insurance sometime in the future.

The reason for the increase in premium each year is because as the term life insurance policy is extended, the age of the insured goes up, and ultimately, death rates increase with advancing age.

A 1 year term insurance policy is considered annual renewable term life insurance because it offers you the option of renewing your term life coverage for another year at expiration, without having to take a physical exam to qualify.

Because, you may find that the rate to buy term life insurance for a period of 20 years is not that much higher than you would pay each year for a 15 - year term life policy.

That's because the life insurance company would take in only a small premium, but have to pay out a large amount if the insured dies — For example: for a person age 35 it may be possible to buy a $ 1 million Term Life Insurance Policy for a premium of only $ 1,275 for the ylife insurance company would take in only a small premium, but have to pay out a large amount if the insured dies — For example: for a person age 35 it may be possible to buy a $ 1 million Term Life Insurance Policy for a premium of only $ 1,275 for insurance company would take in only a small premium, but have to pay out a large amount if the insured dies — For example: for a person age 35 it may be possible to buy a $ 1 million Term Life Insurance Policy for a premium of only $ 1,275 for the yLife Insurance Policy for a premium of only $ 1,275 for Insurance Policy for a premium of only $ 1,275 for the year.

Term life is the cheapest life insurance coverage because it is temporary life insurance and only lasts for the number of years of your policy «term&raqTerm life is the cheapest life insurance coverage because it is temporary life insurance and only lasts for the number of years of your policy «term&raqterm».

A 10 year term life insurance policy is a common choice for life insurance coverage because it the most economical option for life insurance protection.

Because Huntington's is attacking your entire body, eventually over time, one will succumb to the symptoms associated with Huntington's disease which is why qualifying for a traditional term or whole life insurance policy simply isn't going to be an option even despite the fact that on average someone who has been diagnosed with Huntington's disease will typically live between 10 - 30 years from the date of their diagnosis!

Term life insurance is very popular because these policies offer affordable coverage for a set duration of time, usually 10, 15, 20, 25, or 30 years.

Level term insurance is the most popular type of term life policy because it's easy - to - understand, and offers the maximum coverage at the lowest cost, for a period of up to 30 years.

Many individuals, couples and families choose Level Term Life Insurance for 5, 10, 15, 20 or 30 years, because it meets their financial needs, and the premium and coverage amount remain the same throughout the period of the policy.

Our return of premium term policy has cost the company $ 4000 a year for the last 15 years and now, because our manager is still alive and we bought the right kind of life insurance policy, the company gets back all of the premium paid in.