Sentences with phrase «accessed by the policyholder»

Also, as permanent insurance, the cash value account in universal life grows tax - deferred and can be accessed by the policyholder in the form of loans or withdrawals, subject to any applicable policy provisions.

For the last decade, carriers and producers have de-emphasized cash accumulation insurance products (which build value that can be accessed by the policyholder or turned into supplemental retirement income) in favor of no - lapse guarantee life products that simply promote cheap premium.

There are two ways that the cash value of a life insurance policy can be accessed by the policyholder.

Not exact matches

This provides ease of access and use by the policyholders.

Policyholders will now be able to claim for Additional Living Expenses incurred during the period of time in which access to the premises is prohibited by Civil Authority / Mass Evacuation Order, subject to the new 30 - day maximum.

The plan also provides easy access to funds to the policyholders by way of loans and partial withdrawals.

The previous administration took steps to restrict access to this market by reducing the allowable coverage period from less than 12 months to less than 3 months and by preventing any extensions selected by the policyholder beyond 3 months of total coverage.

Penn Mutual array of customer services enables ease of access and use by the policyholders.

Then, the addition of a qualified long - term care rider will allow the life insurance contract to be accessed for living benefits by paying down the face amount of the death benefit when the policyholder qualifies for long - term care benefits.

Policyholders are also able to access accumulated cash by a partial or complete surrender of the policy.

Funds are accessed by tapping into the cash value accumulated within your Whole Life policy, which as it builds, is like funding a line of credit for Whole Life insurance policyholders.

Policyholders may access their cash value by taking a withdrawal, or by borrowing funds.

Here, both the benefit amount and the premium may be changed by the policyholder (within certain guidelines), and the policyholder can also have access to the cash value.