Sentences with phrase «access to cash value accumulation»

A universal life contract provides access to cash value accumulation like that of a whole life policy; however, cash value within a universal life policy includes a guaranteed minimum interest rate plus an additional interest payment if and when the life insurance carrier experiences higher returns on its own investments.

Not exact matches

However, cash value accumulation isn't the usual emphasis of guaranteed universal life insurance, policies do allow for the accumulation of some cash value and allow you to access it.

If you want to access the cash accumulation — and, more importantly, don't want life insurance anymore — you can surrender your insurance policy and receive money equal to the cash surrender value.

This specific type of whole life insurance offers substantial benefits to key people due to the steady accumulation of cash value within the policy and the flexible access to cash, as well as favorable tax treatment.

In fact, according to a recent survey by Allianz Life Insurance Company of North America, more than half (51 %) of respondents said they were either unsure or did not believe life insurance could provide living benefits such as access to potential cash value accumulation to help fund college education, supplement retirement or other financial needs.

If you want to access the cash accumulation — and, more importantly, don't want life insurance anymore — you can surrender your insurance policy and receive money equal to the cash surrender value.

However, cash value accumulation isn't the usual emphasis of guaranteed universal life insurance, policies do allow for the accumulation of some cash value and allow you to access it.

Your policy will provide tax - deferred growth on cash value accumulation and non-taxed access to cash value up to the policy's basis.

These benefits can include eligibility to earn dividends, cash value access from partial surrenders and loans, and guaranteed cash value accumulation — as long as you pay your life insurance premiums.

This specific type of whole life insurance offers substantial benefits to key people due to the steady accumulation of cash value within the policy and the flexible access to cash, as well as favorable tax treatment.