Example sentencesExamples
- This lets you convert your policy into a new life policy at the end of the term without the need to provide information on your state of health at the time.
- He accepted that the employees received a payment in kind in the form of the life policy or policies with an enhanced value.
- But the surrender value of a whole life policy is usually lower than that of an endowment policy for a similar amount.
- Whole life premiums start out significantly higher than those of comparable term life policies, but over time the term policy's ever-increasing premium overtakes the whole life policy's level premium.
- Other factors affecting the market value include the type of life policy, the policy's cash value and any loans against the policy.