Sentences with phrase «accumulate a cash value like»

Term life insurance policies do not accumulate a cash value like whole life policies do.

With a new term policy, you won't have access to accumulating cash values like permanent policies offer, but you can be insured for another term at a significantly lower cost compared to permanent insurance.

With a new term policy, you won't have access to accumulating cash values like permanent policies offer, but you can be insured for another term at a significantly lower cost compared to permanent insurance.

It doesn't accumulate cash value like whole life does, but does provide guaranteed fixed premiums and a guaranteed death benefit.

Not exact matches

Cash component riders: Some insurance policies, like whole life, have a cash component — one part of your premium goes towards life insurance and another part towards accumulating cash value via investmeCash component riders: Some insurance policies, like whole life, have a cash component — one part of your premium goes towards life insurance and another part towards accumulating cash value via investmecash component — one part of your premium goes towards life insurance and another part towards accumulating cash value via investmecash value via investments.

Like a whole life policy that accumulated a cash value?

And, just like more traditional life insurance policies, the policy's cash value accumulates tax deferred.

Like other types of cash value life insurance policies which allow policy loans, most annuity contracts allow owners to borrow against the annuity contract's accumulated cash value.

Much like universal life insurance, whole life has the potential to accumulate cash value over time, creating an amount that you may be able to borrow against.

Cash values, which accumulate on a tax - deferred basis just like assets in most retirement and tuition savings plans, can be used in the future for any purpose you wish.

Cash values, which accumulate on a tax - deferred basis just like assets in most retirement and tuition savings plans, can be used in the future for any purpose you wish.

Like Whole Life insurance, Final Expense policies accumulate cash value that can be utilized, if needed.

The cash value of whole life (and other permanent) insurance policies accumulates on a tax - deferred basis, just like a 401 (k) or other retirement savings account.

Like most universal life policies, the longer that you pay monthly premiums into the plan, the more cash value that they will accumulate.

Much like universal life insurance, whole life has the potential to accumulate cash value over time, creating an amount that you may be able to borrow against.

Most universal life policies accumulate cash - value over time that you can borrow1 against (up to a maximum limit), for whatever you like, such as a down payment on your first home or preparing for a new baby.

All permanent life insurance products allow you room to grow and accumulate cash value which you can access whenever you need it like for your premiums or for your children's college funds but you must repay the loan from your policy.

Permanent, participating life - insurance policies like Adjustable Complife can accumulate a cash value; however, the primary purpose of life insurance is to pay the death benefit if the insured dies.

Like other permanent policies, a burial insurance policy can accumulate tax - deferred cash value over time, which can be either withdrawn or borrowed against at the policy owner's discretion.

If you need a permanent policy that lasts the rest of your life, you would like to accumulate cash value, and you would like a very financially strong company you should look to a big mutual company like Mass Mutual, Northwestern Mutual, Guardian, or New York Life.

Just like every other permanent life insurance policy, it provides the opportunity to grow and accumulate cash value with time.

These policies act like Term, in that the death benefit is paid out simply because you've kept your premiums up to date, not because they've accumulated a cash value...

Just like the other permanent life insurance policies, you will also be able to gain and accumulate cash value which you can access later on if you need it.

However many are considering buying term life insurance at a lower rate and invest the difference on high - growth products like stocks and mutual funds where the returns are much higher than what you get as accumulated cash value on your whole life insurance.

For consumers who do not like the idea of «throwing away» money on term coverage, permanent whole life insurance offers an alternative because the accumulated cash value can be withdrawn or used as collateral for a low - interest loan.

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.

Some life insurance policies, usually permanent types like a whole life, universal life or variable universal life insurance, can accumulate money in a cash value account.

They are pretty similar to the extent that both accumulate cash value that can be used for different purposes like: increase the death benefit, can be used as loans for personal use, etc..

accumulate guaranteed cash value like whole life does.

The cash value that is accumulated inside the policy can be borrowed against like a home equity line of credit.

It is important to note that GUL does not accumulate guaranteed cash value like whole life does.

Like term life insurance, permanent life insurance pays a death benefit, but it also has an accumulating cash value.

The cash value that accumulates in a life insurance policy is like a personal bank account, in that the assets can only be drawn against by you and you are the loan officer.