Sentences with phrase «in whole life insurance policy policyholder»

In whole life insurance policy policyholder is eligible to get bonus as and when declared by the company.

Not exact matches

In addition to covering the policyholder's funeral and burial costs, whole life insurance policies can be used to cover a wide range of other expenses, including:

For those whole life insurance policyholders who have eligible policies, there is also the option of using dividends to help in paying some or all of the premium.

Similar to whole life insurance, term life coverage provides a lump sum death benefit in the event that the policyholder passes away while the policy is still active.

Unlike a Participating Whole Life policy, the policyholder is not sharing in the surplus earnings of the insurance company.

A universal life insurance policy is similar to a Whole Life policy, with the exception of less policyholder participation in how the premiums are invested in money market fulife insurance policy is similar to a Whole Life policy, with the exception of less policyholder participation in how the premiums are invested in money market fuLife policy, with the exception of less policyholder participation in how the premiums are invested in money market funds.

While a younger policyholder may have less money to invest in a policy, he or she can opt for a term plan instead of whole life insurance to avoid added costs.

As with whole life insurance, the cash value in a universal life (or UL) policy can grow on a tax - deferred basis, and the money in this component of the policy may be withdrawn or borrowed by the policyholder for any reason.

In many cases a whole life insurance policy will provide some sort of cash value — although that cash value is likely to be far less than the death benefit that would accrue if the policyholder were to die.

Unlike whole life insurance policies, which are designed to remain in effect for a policyholder's entire life, term life insurance policies expire after a pre-determined time period.

Unlike a Participating Whole Life policy, the policyholder is not sharing in the surplus earnings of the insurance company.

Sagicor's fixed indexed single premium whole life insurance policy can allow the policyholder to reposition certain low - interest producing assets such as CD's (certificates of deposit), or money markets — and possibly even a fixed annuity — and obtain the opportunity to earn a higher return on the cash value in the policy.

Greater flexibility for policyholders who want to borrow against the cash value in their whole life insurance policies.

Convertible Term Insurance allows the policyholder to change the face value of the term policy in force into a permanent form of Life Insurance, such as Whole Life, Universal Life or Variable Life, without any penalties or evidence of insurability.

In addition to covering the policyholder's funeral and burial costs, whole life insurance policies can be used to cover a wide range of other expenses, including:

The interest sensitive single premium whole life insurance policy will also only require that the policyholder makes one single premium payment in order for the policy to be paid - up.

Unlike term life insurance policies, which expire after a certain amount of time, whole life insurance policies remain in effect for the policyholder's entire life, as long as the premiums are paid on time and in full.

With universal whole life policies, the policyholder pays the premiums and the insurance company invests a portion in bonds or mortgages.

But know that there are safeguards in place to protect the policyowner from overfunding their whole life insurance policy, such as the company alerting the policyholder if the policy is in danger of becoming a MEC.

Depending on the actual performance of this account, the policyholder could earn a great deal more than he or she would in a whole or universal life insurance policy, or conversely, they could end up losing funds in a downward moving market.

For those whole life insurance policyholders who have eligible policies, there is also the option of using dividends to help in paying some or all of the premium.

Many whole life or permanent life insurance policyholders choose to invest in equities in order to try to grow the cash value of the policy.

The product is also more transparent than whole life insurance, in that policyholders can see exactly how the various policy elements (premiums, death benefit, mortality charges, interest, and expenses) interact.

A participating whole life insurance policy offers policyholders the chance to participate in the company's profits through dividends.

Value accumulated in a whole life insurance policy is tax - deferred so long as the policyholder keeps the insurance contract valid.

If and when a policyholder elects to take the cash value of his whole life insurance policy, the amount he is required to pay taxes on is the difference between the cash value he receives and the total he paid in premiums during the time the policy was in force.

Another feature of whole life insurance is that, in many cases, the policyholder is allowed to take out a loan against the cash value of his policy.

Whole Life Insurance Plan is a Life Insurance Plan that typically covers the policyholder for his / her entire lifetime, provided the policy is in force.

Many whole life policies are participating policies, which means that policyholders participate in the insurance company's profits by receiving a dividend each year.

Since a term life insurance policy is so much less expensive than a whole life policy, investing the savings in a simple index fund will leave the policyholder in a better financial position that if he or she purchased a whole life insurance policy.

Attained age conversion is a point in time on a term life policy when the policyholder has attained the agen where they have the right to convert the term life insurance policy into a permanent whole life or universal life policy at their election and without having to take a paramedical exam.

In case of whole life insurance, policy benefits are not restricted to a fixed term & extend to the entire lifetime of the policyholder.

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.

A whopping 20 % of whole life insurance policies lapse in their first year due to policyholders» inability to pay the steep premiums that come with this type of coverage.

New York life offers four different policies in their whole life insurance plan, including one that allows its policyholders to customize their payment schedule.