Sentences with phrase «accumulate cash value by»

This type of policy allows the policyholder to accumulate cash value by choosing from a number of different investment options across different risk categories.

Not exact matches

The net cash value will generally be lower than your total accumulated cash value for the first several years of coverage as it's reduced by fees and surrender charges.

The cash value of a universal life insurance policy accumulates based on the amount of premium paid, monthly deductions for policy costs and an interest rate that is declared by the insurance company.

The net cash value will generally be lower than your total accumulated cash value for the first several years of coverage as it's reduced by fees and surrender charges.

The difference between the cash and the surrender value is that if you surrender your policy (for example, if you choose to cancel and cash out the life insurance policy), you will receive the cash value that has accumulated less any applicable surrender charges; these charges are pre-determined by the life insurance company, and are stipulated in your policy contract.

Your cash value accumulates inside your policy at a rate guaranteed by the life insurance company.

By contrast, a Term Life policy accumulates no cash, so there's no available cash value to borrow against.

You can supplement retirement income by taking loans or withdrawals from accumulated cash value (although the policy's cash value and death benefit are reduced by the amount taken, plus any loan interest charged).

Your policy accumulates cash value and is credited with an interest rate declared by the company, that typically includes a minimum guarantee.

By contrast, a Term Life policy accumulates no cash, so there's no available cash value to borrow against.

Certain life insurance contracts accumulate cash values, which may be taken by the insured if the policy is surrendered or which may be borrowed against.

Any accumulated cash value in your policy may be borrowed against by way of a policy loan and used to provide living benefits.

In addition to the death benefit also provided by term - life insurance, permanent insurance also accumulates cash value.

The cash value accumulated by the policy can be used to help you fund your children's education or supplement your income.

The net cash value will generally be lower than your total accumulated cash value for the first several years of coverage as it's reduced by fees and surrender charges.

The more time goes by the more cash value your policy accumulates and you will be able to «borrow» funds against the policy.

The cash surrender value of the accumulated fund can be totally paid in as few as 2 installments, each one being separated by a minimum period of 90 days

A cash value accumulates with the premium payments and can be borrowed by the policyholder.

As the years go by your whole life policy accumulates cash value over time.

Certain life insurance policies — such as universal life insurance — also allow policyholders to accumulate tax - deferred funds by investing the maximum allowable amount into the cash value portion of their insurance policy.

They have their term life insurance policy that goes by the name of Voya Term Smart and their Universal Life Insurance permanent products that accumulate cash value.

It also offers a cash value portion that accumulates cash that can be used by the policy holder to withdraw or borrow against.

The cash value of whole life policy is not volatile, it accumulates cash value year after year after year, and only goes up in value as long as there are no withdrawals or loans taken by the owner.

Value - accumulating whole life or universal insurance is often offered as death benefit protection with a cash value component that you can borrow against or eventually cash in by surrendering the poValue - accumulating whole life or universal insurance is often offered as death benefit protection with a cash value component that you can borrow against or eventually cash in by surrendering the povalue component that you can borrow against or eventually cash in by surrendering the policy.

It's entirely possible that a $ 250,000 policy bought at age 35 could accumulate a cash surrender value of $ 100,000 by the time you reach age 65 — a nice addition to your retirement nest egg if you decide you don't need the insurance anymore.

Whole life insurance also accumulates a cash value, which can be accessed by the owner, during the life of the policy.

The small life insurance contracts had a small cost of insurance, and could still accumulate significant gain based on the dividend payments made into the policy by the insurance company (dividend payments grow larger as cash value is higher).

However, one could be financially prepared for this kind of a situation to some extent by tapping into their life insurance policy's accumulated cash value, as it serves as a temporary financial backup.

By choosing the Accelerated Paid - Up Additions Rider your whole life policy will accumulate cash value faster, allowing you to drop any supplemental term riders you may have needed quicker.

In addition, people often mistakenly believe the cash value accumulated by their universal life insurance policy will cover the increase in cost later in life.

If the policy is surrendered (cancelled), the policyholder will receive the cash value accumulated by the insurance plan.

Actual cash value is typically calculated by subtracting a property's accumulated depreciation from its replacement cost.

The second portion acts as a type of investment that accumulates cash value, which is placed in an internal account by the insurance company.

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.

Over time, after money has accumulated, you can withdraw or borrow against the cash value of the policy for emergencies (the available amount will vary by company) 1.

Cash values can accumulate and can be accessed by the policy owner in case he decides to stop the policy.

The cash value accumulates at a minimum rate guaranteed in the policy, but it may also be more, based upon the investment returns realized by the insurance company.

The surrender (voluntary termination) of a life insurance policy involves the payment by the insurer, prior to the death of the insured, of the accumulated cash value of a whole life policy.

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.