Sentences with phrase «accruing cash value components»
Other life insurance types get complicated — and expensive — with things like interest - accruing cash value components, but term life insurance is simple.
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Permanent life insurance has a savings or investment component called a «cash value,» which, true to its name, accrues value over time.
This can be confusing to people who think that, by buying a variable life insurance policy, they will receive both the accrued cash value and the term component's death benefit when they die.
Permanent life insurance has a savings or investment component called a «cash value,» which, true to its name, accrues value over time.
There is also a cash value component, which can help the child to accrue tax - deferred savings that he or she can borrow or withdraw in the future.
With variable universal life insurance, you'll get permanent life insurance with an investment component that accrues a cash value which you can borrow against.
It also includes a cash value component that accrues value over time, allowing you to borrow or withdraw funds as needed.
A permanent policy typically accrues a savings component known as a cash value.
Permanent life insurance contains an investment component and can accrue cash value, but the Texas Department of Insurance warns consumers not to consider life insurance an investment.