Sentences with phrase «surrender value of cash»

Surrender value of Cash Assure and Aegon Life Easy Protect is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of Cash Assure and IndiaFirst Maha Jeeven Plan is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of Cash Assure and DHFL Pramerica Smart Money Back is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of Cash Assure and IndiaFirst Group Term Plan is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of Cash Assure and Basic Life Cover is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of Cash Assure and Preferred eTerm Plan is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of Cash Assure and Aviva i Life is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of Cash Assure and Fixed Savings is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Surrender value of Cash Assure and iTerm Plan is the amount of money that will be provided by the insurance company in case you want to surrender the policy before maturity.

Not exact matches

The net cash value will generally be lower than your total accumulated cash value for the first several years of coverage as it's reduced by fees and surrender charges.

A life insurance policy's cash value is essentially the amount of money you would receive if you decided to give up the policy to the insurer, or surrender your coverage.

Your life insurance net cash value is the «actual» surrender value of the policy, and you will typically find it listed separately in your life insurance statements.

¹ Access to cash values through borrowing or partial surrenders will reduce the policy's cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.

This is known as a partial surrender, which reduces the cash surrender value of the policy and the death benefit amounts.

Generally speaking, loans and partial surrenders from MECs result in immediate taxation to the extent that the cash value of the contract exceeds the premiums paid.

In terms of taxation, the excess of the cash surrender value of the policy (plus any outstanding loans) over your basis in the contract is treated as taxable income.

As the policyowner accumulates cash value inside the policy, the person can access the cash value, through loans or partial surrenders, which can be used for a variety of personal needs, such as quick cash for an emergency or to help supplement retirement income.

Had the individual purchased permanent life insurance, he or she could have access to a potentially significant source of supplemental retirement income in the future (depending on the policy type), while preserving the death benefit in perpetuity (note, however, that the death benefit and cash value of a policy is reduced in the event of a loan or partial surrender, and the chance of lapsing the policy increases).

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

Prize can not be substituted, transferred or exchanged or surrendered for cash, except at the sole and absolute discretion of the Twitter Party Sponsors, who reserve the right, at their sole and absolute discretion and for any reason, to award a substitute prize of equal or greater value, including without limitation, a cash award.

If a policy is cancelled, the insurance company no longer needs to keep the reserve to fund the policy in the later years, so it will refund to you the overpayment of premiums, called the cash surrender value.

When the insured individual gets older, say age 75, if the objective of protection is no longer an issue, the insured has the option to surrender his policy and tap into the cash value as a source of income.

Term - to - 100 is similar to whole life, except without any refund of the cash surrender value if you cancel your policy.

Use of the accelerated death benefit with permanent policies may increase countable assets if the amount advanced exceeds the cash surrender value.

The surrender cash value of any permanent life insurance is commonly counted as an asset.

A life insurance policy's cash value is essentially the amount of money you would receive if you decided to give up the policy to the insurer, or surrender your coverage.

During the first several years of coverage, there are surrender charges, so you wouldn't get the entire accumulated cash value.

The net cash value will generally be lower than your total accumulated cash value for the first several years of coverage as it's reduced by fees and surrender charges.

Your life insurance net cash value is the «actual» surrender value of the policy, and you will typically find it listed separately in your life insurance statements.

A surrender charge is a hold back amount that an insurer charges against the cash values of a life insurance policy for the first 8 to 10 years, if funds are withdrawn early.

Include the death benefit and cash surrender value — if any — of each policy, as well as the names of the insurance companies and the beneficiaries.

Note that there is a «surrender period,» which is the period of time that a policyholder must wait before it is possible to receive the cash value of the policy upon canceling.

If you decide to end the policy, you get some of the savings back (the cash surrender value).

The benefit of combining the two insurances into one policy is you get life insurance death benefit coverage, help with your long - term care services, cash value growth that can be accessed via policy loans, with full cash surrender value plus return of premium if necessary.

Terminal Illness / Nursing Home Care Rider After the first policy year, the withdrawal charge on withdrawals up to 50 % of the Cash Surrender Value ($ 1,000 minimum) is waived upon the occurrence of one of the following events for the Owner: (a) Terminal illness (life expectancy of 12 months or less).

You can take out a loan on a life insurance policy's cash surrender value if you're in need of immediate funds.

Otherwise, the cash surrender value may be exposed to creditors depending upon a variety of factors, including local state law provisions.

To enhance this tax benefit, some promoters used annuities that had artificially low cash surrender value for a period of time after the purchase date.

A policy's cash value is essentially the amount of money you would receive if you surrendered the policy to the insurer, and this amount can be borrowed against or used to pay premiums.

Someone came up with the idea of claiming that the value of an annuity is equal to its cash surrender value.

You can also terminate the policy (or «surrender» it) if you want to, and get part of the accumulated funds, or you can sometimes borrow money against your policy's cash value.

It says that in a conversion occurring soon after the purchase of an annuity, the value of the annuity is established by the premiums used to purchase the annuity rather than its cash surrender value.

Immediately after you buy an annuity, the cash surrender value is less than the amount paid for it, so this approach would result in a smaller amount of taxable income when you convert the IRA.

All types of permanent cash value policies typically have a specified cash surrender period that must lapse before you can completely withdraw the cash value in the policy without paying penalties to the life insurance company.

Cash value life insurance, whether whole life, IUL, or VUL, allows for the tax - free growth of funds in a policy's cash account unless the policy is canceled or surrendered, transferred or assigned to another owner, or the IRS no longer designates the policy a life insurance contrCash value life insurance, whether whole life, IUL, or VUL, allows for the tax - free growth of funds in a policy's cash account unless the policy is canceled or surrendered, transferred or assigned to another owner, or the IRS no longer designates the policy a life insurance contrcash account unless the policy is canceled or surrendered, transferred or assigned to another owner, or the IRS no longer designates the policy a life insurance contract.

These policies all generally have a cash value component, which is essentially the surrender value of the policy (if you give it up before its maturity or your death), and is the primary reason permanent life insurance policies are more expensive than term policies.

If the policy lapses, matures, is surrendered or becomes a modified endowment, the loan balance at such time would generally be viewed as distributed and taxable under the general rules for disbursement of policy cash values.

Some plans allow you to pay for the premium out of the cash value, so that even if your finances are tight, you will not need to surrender the policy and allow your coverage to lapse.

From a strategic standpoint, the popularity of cash value life insurance stems from its ability to both provide insurance protection and grow funds on a tax - deferred basis — interest and earnings in policies of this type are not taxable unless a triggering event occurs, such as surrendering the policy.

The downside is that if your cash value runs out, you can get stuck paying the full cost of insurance and there's no surrender value to the policy.