Sentences with phrase «benefit universal life policyholders»

Option B Increasing Death Benefits Universal life policyholders may elect an increasing death benefit (Option B) that increases as a policy's cash values increase.

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Luk says some entrepreneurs may go further and consider a universal life plan, in which the policyholder pays more into the policy than the death benefit requires.

Universal Life Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the caUniversal Life Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash vaLife Insurance — With universal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cauniversal life insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash valife insurance coverage, policyholders can, within certain guidelines, choose how much of their premium goes towards the policy's death benefit, go to the cash value.

But there's a twist: the policyholders of universal life policies can change the premium and death benefit amounts without getting a new policy.

A unique feature of universal life insurance is it gives policyholders a surprising amount of flexibility with the premium payments and death benefit.

Both the indexed universal life insurance and the term life insurance policies typically include an accelerated death benefit so that a large portion of the death benefit can be paid to the policyholder in the event of a terminal illness.

Simplified Issue Universal Life provides the policyholder with death benefit protection and cash value component.

Universal life provides a death benefit, and cash value build up, however, these policies are more flexible than whole life, as the policyholder may (within certain guidelines) alter the timing and the amount of the premium payment.

Similar to whole life insurance, universal life insurance offers the policyholder greater flexibility with regard to premium, payment, and use of savings and insurance benefits.

Universal life insurance is a type of life insurance policy that allows the policyholder to alter the policy in response to life changes, by merging the benefits of term life insurance with those of a savings account.

All universal life insurance policies, private or public, offer important tax benefits for the policyholder, including:

A unique feature of universal life insurance is it gives policyholders a surprising amount of flexibility with the premium payments and death benefit.

But there's a twist: the policyholders of universal life policies can change the premium and death benefit amounts without getting a new policy.

So, if a policyholder had purchased a Colony Term universal life 10 policy, and then they decided five years after purchasing it that they wanted to have coverage for the remainder of their lifetime, then the coverage extension feature would have allowed the insured to extend the death benefit protection guarantee to either age 90, age 100, or 105 — and, this could occur without the need for the insured to provide evidence of insurability.

However, universal life insurance also offers a considerable amount of flexibility and benefits to the policyholder, like:

In addition, the policyholder of a universal life insurance policy may also be able to decide how much of their premium dollars will go towards the death benefit, and how much will go towards the cash value component of the policy.

Universal Life Insurance — With universal life insurance, the policyholder has death benefit coverage and caUniversal Life Insurance — With universal life insurance, the policyholder has death benefit coverage and cash vaLife Insurance — With universal life insurance, the policyholder has death benefit coverage and cauniversal life insurance, the policyholder has death benefit coverage and cash valife insurance, the policyholder has death benefit coverage and cash value.

Universal life policyholders may elect an increasing death benefit (Option B) that increases as a policy's cash values increase.

In addition to the potential for higher earnings on cash value balances, policyholders of universal life contracts have flexibility in terms of the level of total death benefit, premium amounts paid and payment frequency.

A more flexible version of variable survivorship life insurance called «variable universal survivorship life insurance» allows the policyholder to adjust the policy's premiums and death benefit during the policy's life.

As a form of permanent coverage, universal life policies provide a guaranteed tax - free death benefit to policyholder beneficiaries based on the amount of premiums paid over time.

Universal life is another, more flexible type of permanent policy, allowing the policyholder to increase or decrease the death benefit at any time, and decide how much or little to pay in premiums, within limits set by the company.

With universal life insurance, the policyholder has death benefit coverage and cash value.

As with a regular universal life insurance plan, the policyholder of a variable universal life insurance policy can make adjustments to the premium payments and / or the death benefit as needed in order to meet their ongoing changing needs.

In deciding how much of the premium will go towards the cash value and the death benefit, a universal life insurance policyholder will oftentimes be able actually to move funds between the two sections of the policy.

If you still prefer to get protection for life but are not excited about universal or whole life insurance, look into Term 100 insurance that covers policyholders for life (premiums are paid to age of 100) and typically pays benefits at age 100 if a policyholder is alive.

Universal life offers both permanent protection and flexibility in that the policyholder can — within certain guidelines — alter the premium due date, and can also decide how much of his or her premium dollars go toward the death benefit or the policy's cash value.

Voya Variable Universal Life — DB — With the Voya Variable Universal Life — DB plan, the importance of leaving a death benefit to loved ones comes first to policyholders.

AG 38 is a document of guidelines drafted by the NAIC in 2013 that addresses whether or not insurers have adequate reserves for certain types of life insurance policies (specifically — universal life insurance policies that offer secondary death benefits to policyholders).

Indexed universal life policyholders benefit from tax - free contract loans that exceed the premiums paid — the accumulated loan is paid off at death by a tax - free death benefit.

The death benefit of universal and variable universal life insurance are tied to the success of investments, so the actual death benefit payout may be less than the policyholder planned to leave his or her family if the investments do not yield the anticipated return.

Like any other life insurance, the policyholder of a universal variable policy is expected to get a death benefit.

A universal variable (also called variable universal life insurance) is a life insurance policy that has a death benefit and a feature that allows the policyholder to make investments on stocks or bonds.

Unlike simplified issue term life insurance which offers pure death benefit only, a simplified universal life (UL) policy will provide the policyholder with both death benefit protection, as well as a cash value component.

A universal life, or UL, policy can also offer more flexible benefits, in that the plan may allow the policyholder to either increase or decrease the death benefit, based on their changing needs (also within certain guidelines).

With Universal Life, the policyholder receives the same benefits of term and whole life insurance, but also policy flexibility that is not available in the other produLife, the policyholder receives the same benefits of term and whole life insurance, but also policy flexibility that is not available in the other produlife insurance, but also policy flexibility that is not available in the other products.