Sentences with phrase «ul policies»

The income tax rules for IUL policies are virtually identical to the tax rules for UL policies.

This type of policy offers lifetime coverage but with a smaller cash build up, leading to lower premiums than the other two UL policies.

Western and Southern Life offer two different UL policies.

UL policies are offered in three main categories: guaranteed, indexed and variable.

UL policies allow you to earn interest and provide a guaranteed interest rate.

UL policies also grow cash value.

Most UL policies sold prior to the mid-1990s were based on the assumption that the higher interest rates of that era would continue indefinitely.

At least not a true guarantee in the same sense as the WL and UL policies.

Therefore, it's essential with UL policies that you order an in - force illustration at least every 2 or 3 years, as it's the only effective way to monitor the progress of a UL policy.

As with other kinds of permanent life insurance policy, Indexed UL policies have the potential of building up cash value that can accumulate on a tax - free basis that a policyholder can access on a tax - free basis later in life.

Universal Life Flex ll — The Universal Life Flex ll policy also offers the ability to secure a permanent death benefit and cash value build up, along with the flexibility that comes with UL policies.

With most UL policies, if an insured person dies, the insurance carrier pays the death claim but retains the cash reserves.

UL policies include Guaranteed Universal Life (GUL), Indexed Universal Life (IUL) and Variable Universal Life (VUL).

Finally, UL policies provide a guaranteed rate in the fixed account, which may be higher based on a decalred rate by the company.

Universal Life is also referred to as UL policies.

Whole life insurance became obsolete when the UL policies came out and offered permanent coverage at a much lower premium.

The company's UL policies provide the opportunity to add a variety of different riders, too, such as:

Even with guarantees, UL policies carry a degree of risk.

Guaranteed UL policies are very useful in long term planning situation such as business continuation and buy - sell planning.

Loans with UL policies greatly increase the risk of policy lapses.

Like other UL policies, an IUL policy offers a high degree of flexibility and customization and accumulates tax - free value above and beyond its initial face amount.

UL policies offer flexible premiums with potential cash value accumulation.The death benefit can be raised or lowered, providing more coverage or less depending on what your future needs are.

Guaranteed UL policies give you death benefits that you can depend on.

Make sure you understand that guaranteed UL policies are not meant to build cash value.

Most companies have select UL policies available for conversion.

When interest rates fell in the 1990s, UL policies could not survive based on the projections made in the 1980s.

UL policies frequently underperform and thus require additional money each month to keep them in force.

Like UL policies, IUL's offer flexible premiums and flexible death benefits.

To make UL policies more attractive, insurers have added secondary guarantees, where if certain minimum premium payments are made for a given period, the policy remains in force for the guaranteed period even if the cash value drops to zero.

UL policies offer the security and cash accumulation of whole life combined with flexible premiums and adjustable benefits.

Inherently UL policies are flexible premium, but each variation in payment has a long - term effect that must be considered.

Apart from Guaranteed Universal Life, UL policies are not guaranteed and carry a certain level of risk.

UL policies typically have fewer guarantees than whole life coverage, so you must be careful to manage your premium payments and any distributions taken to ensure that your policy remains active.

Most companies offer their UL policies with an optional «No Lapse Guarantee» feature, which essentially cancels out the «adjustable» features of a universal life policy and the need for cash value to sustain the policy.

The policy offers a $ 25,000 minimum face amount if you are 60 and older and is one of the most affordable Guaranteed UL policies in that age range.

However, many people bought UL policies when much higher rates of return were considered realistic.

Finally, UL policies provide a guaranteed rate in the fixed account, which may be higher based on a decalred rate by the company.

UL policies typically have fewer guarantees than whole life coverage, so you must be careful to manage your premium payments and any distributions taken to ensure that your policy remains active.

UL policies include Guaranteed Universal Life (GUL), Indexed Universal Life (IUL) and Variable Universal Life (VUL).

Therefore, it's essential with UL policies that you order an in - force illustration at least every 2 or 3 years, as it's the only effective way to monitor the progress of a UL policy.

Some people who own UL policies purchase them as plans they can pay for up front and just keep an eye on in the future.

Because of the expenses involved in purchasing options to mimic the return of an index, within the confines of the cap and participation rates, IULs can feature higher expense ratios than traditional UL policies.

UL policies are also sensitive to interest rates and as many of you know, interest rates were extremely high in the 80's.

Variable UL policies are similar to regular universal life insurance with one primary exception, VUL policies allow direct investment options through sub-accounts similar to mutual funds.

UL policies also grow cash value.

At least not a true guarantee in the same sense as the WL and UL policies.

John Hancock has two different UL policies, Protection UL and UL - G.

Hi Les, plenty of insurance companies still offer joint first - to - die term and UL policies.

In addition, most equity indexed UL policies allow the insurance company to change these participation limits at any time while the policy is in force.

As Durham puts it, because UL policies are paying very low interest rates, some companies found that their UL policies did not earn enough credited interest to cover the expenses of the contracts.