Sentences with phrase «as in all permanent life insurance policies»

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Universal life insurance is a flexible type of permanent life insurance policy in which the death benefit and premiums can be adjusted as your circumstances change.

Therefore, if you are on the younger end of the age spectrum, you might want to consider purchasing something that will be in place for longer, such as a 30 year term policy or permanent life insurance policy.

Life insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tLife insurance can be bought either as a permanent life insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering your entire life (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife (as long as your premiums are paid on time and in full), or a term life insurance policy, covering a given period of tlife insurance policy, covering a given period of time.

As a bit of background, an annuity is a contract in the same way that a permanent life insurance policy is a contract.

If you can afford to pay a little more for your coverage, you can lock in a rate on a permanent life insurance policy, such as whole life or universal life.

Also, as permanent insurance, the cash value account in universal life grows tax - deferred and can be accessed by the policyholder in the form of loans or withdrawals, subject to any applicable policy provisions.

Variable Universal Life (VUL) is defined as a type of permanent insurance policy, in which the cash value can be invested into different accounts consisting, for example, of stocks, bonds and mutual funds.

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.

If you have a permanent life insurance policy, such as a whole life or universal life insurance policy, you may wonder at some point about cashing in your policy.

Universal life insurance is a form of permanent coverage, so the policy stays in - force so long as you continue to pay premiums and it builds a cash value.

With permanent life insurance, there is a death benefit, as well as a cash value component where money in the policy can grow and compound tax - deferred.

In fact, your permanent life insurance policy can be used to eventually repay your SBA loan and replace conventional banking as a source of capital for expansion and pursuing new ventures.

Whether the return of cash value is guaranteed, as in a whole life or guaranteed UL policy OR whether based upon the financial markets, as in IUL and Variable UL policies, the idea behind permanent insurance is to accrue a nest egg of usable cash value within a life insurance policy.

Indexed universal life insurance (IUL) is a type of permanent life insurance that offers the opportunity to invest your policy cash value in the financial markets tied to any number of market indexes such as the S & P 500.

Permanent life insurance is often sold as an investment wrapped up in an insurance policy, but don't be too hasty to sign off on the dotted line on a certain product.

This is the case with permanent life insurance policies, like whole life insurance: As long as you pay your premiums, the policy will stay in forcAs long as you pay your premiums, the policy will stay in forcas you pay your premiums, the policy will stay in force.

Though you can only convert to a permanent policy, such as whole life or universal life insurance, you don't have to demonstrate that you're in good health.

«A lot of people buy term insurance early in their lives when they may not have the cash flow to pay for a permanent policy, but as their income improves or expenses go down it may make sense to convert the policy.»

Permanent life insurance policies provide a death benefit as well as other unique features such as lifelong protection and the ability to accumulate cash values on a tax - deferred basis, similar to assets in most retirement - savings plans.

In the end, adding a permanent life insurance policy to your investment portfolio can be a good option to help mitigate the risk of early death as well as build some cash value that can be used for a variety of purposes, including retirement income, but it should never be used as your only method of investment planning.

The main differences between term and permanent life insurance are that permanent life insurance is in force for your entire life (as long as you pay the premiums) instead of a certain «term,» and permanent insurance accumulates cash value over the life of the policy.

A permanent life insurance policy, on the other hand, stays in force for as long as you keep paying the premiums.

Permanent life insurance (also called whole life) offers lifetime protection and a guaranteed death benefit as long as you keep the policy in force by paying the premiums.

Cash value accumulated in a permanent life insurance policy can help you pay for life»s anticipated, and perhaps unanticipated, events, such as buying your first home, education expenses, or a wedding.

But permanent policies such as whole life insurance typically provide a lifetime death benefit, regardless of your health, as long as you pay the premiums to keep the policy in force.

In most instances, a permanent type of life insurance, such as whole life or a guaranteed universal life policy, will be the only option available.

In the following example, whole life policy will be used as an example of a permanent life insurance.

Taxes and Variable Life As in permanent life policies, the cash value of a variable life insurance policy grows on a tax deferred baLife As in permanent life policies, the cash value of a variable life insurance policy grows on a tax deferred balife policies, the cash value of a variable life insurance policy grows on a tax deferred balife insurance policy grows on a tax deferred basis.

Term Life Insurance, in comparison to Permanent Life Insurance, such as Whole life, has a given number of years for which the policy premium is guarantLife Insurance, in comparison to Permanent Life Insurance, such as Whole life, has a given number of years for which the policy premium is guarantLife Insurance, such as Whole life, has a given number of years for which the policy premium is guarantlife, has a given number of years for which the policy premium is guaranteed.

It appeared in the 1980s as an alternative to the traditional Permanent Life Insurance policies known for lower interest rates of return.

In cases like these that have the potential to become more complicated later on down the road, many times the «business» will elect to take out a permanent cash value life insurance policy, such as indexed universal life, on the individuals in question rather than try to make predictions on which term length would be most appropriatIn cases like these that have the potential to become more complicated later on down the road, many times the «business» will elect to take out a permanent cash value life insurance policy, such as indexed universal life, on the individuals in question rather than try to make predictions on which term length would be most appropriatin question rather than try to make predictions on which term length would be most appropriate.

Those commissions and other costs are why most permanent life insurance policies, such as whole life insurance, build no cash value in the first year.

It is also a permanent life insurance policy as long as the premiums are paid in good time.

Whole life is a very rigid form of permanent life insurance where you have few or no options in managing death benefits, premiums you pay, or the cash value accumulation portion as you are locked in for as long as you own the policy.

Some term life policies, known as «convertible» policies, can be converted it to a permanent life insurance policy in the future.

A prime benefit of the whole life cover is that it is regarded as a permanent life insurance policy, which is designed to provide the policy holder with a lifetime coverage protection without any changes in the premium amount or the time period.

Variable Life Insurance is a special type of a Permanent Life Insurance policy in which both the death benefit and the cash value depend on the investment performance of the underlying assets, usually one or two investment accounts known as «separate accounts» (or «sub-accounts») within the insurance company's pInsurance is a special type of a Permanent Life Insurance policy in which both the death benefit and the cash value depend on the investment performance of the underlying assets, usually one or two investment accounts known as «separate accounts» (or «sub-accounts») within the insurance company's pInsurance policy in which both the death benefit and the cash value depend on the investment performance of the underlying assets, usually one or two investment accounts known as «separate accounts» (or «sub-accounts») within the insurance company's pinsurance company's portfolio.

Permanent life insurance policies act as not only an insurance policy that will pay out to your beneficiaries in case of your death but is also a savings vehicle that is tax - deferred.

If you are interested in exploring life insurance in charitable giving, Jim Allen, director of MetLife Wealth and Advisory Group, says that permanent life insurance policies, such as whole life and universal life, present the best choices.

But there are some cases in which the cash value component of a permanent life insurance policy can be useful (to pay off large estate costs, for instance, or as a means to pass tax - free inheritance if other assets are large enough to trigger estate taxes) and something like an indexed universal life insurance policy can come in handy.

Permanent life insurance differs from term in that as long as you make your required premium payments on time, the policy will never expire.

As long as you continue to make your required premium payments on time, a permanent life insurance policy will remain in effect your whole life and won't expirAs long as you continue to make your required premium payments on time, a permanent life insurance policy will remain in effect your whole life and won't expiras you continue to make your required premium payments on time, a permanent life insurance policy will remain in effect your whole life and won't expire.

Permanent life insurance policies come in many forms such as whole life and universal life.

A permanent life insurance policy, on the other hand, stays in force for as long as you keep paying the premiums.

You can pay premiums for a permanent life insurance policy, as described above, or get a term life insurance policy, in which you'll pay premiums for a set amount of time (say, 30 years) before the policy runs out and you're no longer insured.

But because bigger annual premiums result in larger commissions for insurance salespeople, sooner or later an agent may try to sell you a whole life insurance policy, also known as «cash - value» and «permanent life.»

A permanent life insurance policy — which goes by several names, such as universal life, variable universal life and whole life — stays in force as long as the premium is paid.

If purchasing a permanent life insurance policy, the savings in the cash value portion of the policy can also be used for funding future goals such as college savings.

Cash value accumulated in a permanent life insurance policy can help you pay for life»s anticipated, and perhaps unanticipated, events, such as buying your first home, education expenses, or a wedding.

Permanent life insurance plans, such as whole life and universal life, may have policy features like financed premiums or loans against the policy that will need to be factored in before paying the beneficiary.