Sentences with phrase «accumulate additional cash value»

Your family simply gets the death benefit if you die, and you accumulate additional cash value.

This will ensure an owner can stop making payments after the paid up period ends, and the policy will remain in force, and continue to accumulate additional cash value, until the insured dies.

Not exact matches

You can pick how you want the dividends to be used: paid out in cash, reduce your premium payments, accumulate interest, or pay for Paid Up Additional insurance (which increases your policy value).

Being able to take a loan against the cash value that accumulates in your policy can provide you with additional benefits while you're still living.

When interest rates or market returns are below average, policies do not accumulate significant cash value, but they won't lapse and additional premiums are not needed.

Whole life insurance offers lifetime guaranteed coverage with the additional benefit of accumulating cash values.

Annual dividends share the insurance company's profits with the insured and can be accumulated for additional cash value.

And when you decide you don't want the «term» policy anymore, simply surrender the policy and receive a full distribution of your accumulated cash value without any surrender charges; on the other hand, if it turns out that you do need the policy for longer than the original term time horizon, you have a permanent policy that can be maintained and receive additional deposits as necessary, without the hassles and hazards of seeking out a term conversion.

The additional payments go into a cash - value account, which can offset future policy premiums or accumulate as an investment.

The cash value increases as you pay additional premiums and interest accumulates.

The net surrender value is the gross cash value shown in the policy minus any identifiable surrender charges, outstanding policy loans, and unpaid interest on policy loans plus any prepaid premiums, dividends accumulated at interest, cash values attributable to paid - up additions, and any additional terminal dividends.

Other popular riders allow for depositing excess premium in a policy to accumulate added cash values, or providing a waiver of premiums if you become totally disabled before a specified age, or to pay additional benefits if you ide of accidental causes, or providing affordable benefits for a spouse and / or children.